Archive · 5 Oct 2026
India Housing Sales Hold Steady as Premium Homes Gain
India’s housing market sold about the same number of homes as it did a year earlier.
The eight big markets together recorded 2,58,238 sales from January to September 2026.
Mumbai sold the most homes.
Sales fell in the National Capital Region, especially for homes priced between ₹5 crore and ₹10 crore.
More buyers bought homes costing over ₹1 crore than in the previous year.
Sales of homes priced ₹2–5 crore grew, while sales of cheaper homes declined.
Builders also put more new homes on the market.
Knight Frank India said the changes show a normalising market, with different cities performing differently.
Sales across eight major Indian housing markets totalled 2,58,238 units in January–September 2026, broadly unchanged year over year.
Mumbai remained the largest market with 72,804 sales, while sales in the National Capital Region fell 11% to 35,574.
Homes priced above ₹1 crore made up 55% of sales, up from 50% a year earlier.
Sales of homes priced ₹2–5 crore rose 19.4% to 51,501, while sales below ₹50 lakh fell 14% to 47,660.
Developers launched 2,79,899 homes, up 4%; inventory clearance time edged up to 6.1 quarters.
- Who
- Home buyers and developers across eight major Indian housing markets; Knight Frank India reported the figures.
- What
- Housing sales were broadly steady overall, with weaker NCR sales and a larger share of sales in homes priced above ₹1 crore.
- When
- January–September 2026.
- Where
- Eight major markets in India.
- Why
- Knight Frank India chairman Shishir Baijal attributed changing market performance to income growth, suitable supply and local demand, as interest-rate benefits moderate.
- Total sales
- 2,58,238 homes across eight markets
- Mumbai sales
- 72,804 homes, up 1% year over year
- NCR sales
- 35,574 homes, down 11% year over year
- Premium-home share
- Homes above ₹1 crore accounted for 55% of sales, compared with 50% a year earlier
- New launches
- 2,79,899 homes, up 4%
- Inventory clearance time
- 6.1 quarters
- Price movement
- Housing prices rose between 3% and 17% across markets