India's residential sales rise 3 pc in Jan-June: Report
New Delhi, July 21
India's residential market demonstrated resilience in H1 2026, with sales rising 3 per cent to 1,38,382 units, reflecting sustained buyer confidence and robust market fundamentals, a report said on Tuesday.
The report from real estate services firm JLL noted a 9 per cent increase in new launches to 1,68,507 units signalling strong developer confidence.
The quarterly sales moderated by 4 per cent in Q2 2026 versus Q1 and a softer quarter reflected seasonal factors and price recalibration rather than a structural slowdown.
The sector's overall positive trajectory continues to be supported by strong urbanization trends, improving infrastructure, and evolving lifestyle aspirations.
Bengaluru led growth with a 16 per cent year‑on‑year increase in sales and Chennai posted a 27 per cent growth.
The four major markets of Bengaluru, Mumbai, Pune, and Delhi NCR collectively represented around 76 per cent of total H1 2026 sales, reinforcing their position as India's primary residential hubs.
The temporary quarterly moderation in Q2 2026 can be attributed to seasonal factors, property price recalibration, and buyers adopting a more considered approach to purchase decisions.
Senior Managing Director (Chennai & Coimbatore), Head- Residential Services, India, JLL, Siva Krishnan noted a shift toward quality and quantum, with the Rs 1-3 crore segment surging 58 per cent Y-o-Y, demonstrating that buyers are increasingly willing to invest in well-located, premium developments that offer long-term value.
"As property prices stabilize and buyers adjust to current market conditions, we expect sales momentum to improve in subsequent quarters," he added.
Ongoing infrastructure investments, expanding metro networks, improving connectivity, and development of new growth corridors, combined with enhanced access to housing finance and rising income levels, will continue to support homebuying decisions across diverse segments.
Bengaluru led new launches with a 41 per cent year‑on‑year increase, Mumbai saw 18 per cent growth and Delhi NCR was up 14 per cent.
— IANS
Reader Comments
Finally some good news for the real estate sector! 😊 Chennai's 27% growth is impressive. Metro expansion and new flyovers have made many areas much more accessible. Hope this trend continues and helps more families get their dream home.
As an NRI looking to invest back home, these numbers are encouraging. The focus on quality and premium developments is smart. But I wonder if the 9% increase in new launches might lead to oversupply in some cities. Need to be careful about location selection.
The report says "buyers adopting a considered approach" - honestly, with interest rates still high and inflation, who can blame them? I've been postponing my purchase for over a year. Developers need to offer better deals and not just premium projects. Price correction in the mid-segment would really help.
Interesting data! The urbanization trend is real - I moved to Pune last year and seeing new developments everywhere. But infrastructure still lags behind in many areas. Metro and new roads are coming but need to speed up. Good to see 76% sales concentrated in major hubs though.
Waah! 3% growth despite all the global uncertainty is quite something! 👏 But I wish the report talked more about affordable housing. The ₹1-3 crore segment surge is good for developers but a common salaried person like me is still waiting for prices to come to earth. Accha hai but not great for first-time buyers.
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