India’s housing market is poised for another year of strong value growth even as sales volumes plateau. According to data from ANAROCK, the total value of homes sold across the top seven cities could surge nearly 19 percent year-on-year to over Rs 6.65 lakh crore in FY26, driven by premium pricing and resilient demand for high-end housing.
However, the number of units sold is expected to stagnate, with any growth likely to be capped at around 4 percent. Market observers said that the trend highlights a structural shift in India’s residential market as buyers gravitate toward larger, more expensive homes and developers focus on the premium and luxury segments.
Data showed that in the first half of FY26 alone, the top cities have already achieved 53 percent of the total sales value recorded in the entire FY25, underscoring the strength of price-led momentum even amid moderating transaction volumes.
“Our research shows that the overall housing sales value in FY26 may see over 19 percent YoY growth across the top 7 cities to exceed Rs 6.65 lakh crore. In FY 2025, the total sales value in these cities was about Rs 5.59 lakh crore, while sales volume stood at about 4,22,765 units,” said Prashant Thakur, Executive Director and Head – Research and Advisory, ANAROCK Group.
Data indicates that more than 1.93 lakh units were sold in the top seven cities in the H1 FY26 with the total sales value exceeding Rs 2.98 lakh crore. This is already 53 percent of the total sales value clocked in entire FY25, which was around Rs 5.59 lakh crore.
Thakur explained that after reaching a peak in overall absorption in FY24, housing sales had tapered down amid various headwinds, however, the sales value of the total homes sold is still growing.
“While sales volume plummeted by 14 percent YoY in FY25, the sales value had jumped up 6 percent to Rs 5.59 lakh crore – the highest since FY 2022. The current trends indicate potential double-digit sales value growth by the end of the ongoing fiscal, even as sales volume either stagnates or sees moderate growth not exceeding about 4 percent,” he said.
In NCR, approximately 29,175 units have been sold in H1 FY26 worth Rs 75,859 crore. Back in FY25, 58,775 units were sold having total sales value of around Rs 1.02 lakh crore – the highest since FY 2022.
Chennai witnessed total sales of approximately 11,670 units in H1 FY26 worth around Rs 12,370 crore. In FY25, total units sold stood at 17,765 units while total sales value recorded was approximately Rs 17,387 crore.
In Mumbai Metropolitan Region, approximately 61,540 units have been sold in H1 FY26 worth over Rs 1 lakh crore. In FY 2025, 1.44 lakh units were sold, having total sales value of Rs 2.23 lakh crore.
Meanwhile, Bengaluru witnessed total sales of 29,955 units in H1 FY26 worth Rs 43,627 crore. In FY25, around 62,440 units were sold having sales value of approximately Rs 79,819 crore.
Manik Malik, CEO, BPTP, said that the Indian housing market is moving up the value curve.
“While overall sales volumes remain steady, we are seeing a marked increase in transaction value—driven by a surge in premium and luxury home sales. This shift is especially visible in NCR markets like Gurugram, where discerning end-users and aspirational buyers are prioritizing quality, location, and lifestyle amenities over size or discounts,” he said.
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