Housing Sales Cross 1 Lakh Units as New Launches Jump 18% in Q3 2026
India | September 28, 2026: India’s housing market recorded a modest rise in sales during the July-September quarter of 2026, even as developers stepped up new launches. Around 1,00,220 homes were sold across the country’s top seven cities, up 3% year-on-year, while new supply increased 18% to 1,14,320 units, according to Anarock Research.
The gap between sales and launches, alongside a 12% rise in unsold inventory, puts the spotlight on how quickly buyers absorb the new homes entering the market.
Housing Sales Rise to 1 Lakh Units
Housing sales across the seven major cities increased from 97,080 units in Q3 2025 to approximately 1,00,220 units in Q3 2026.
The total value of homes sold rose 2% year-on-year to around ₹1.55 lakh crore, compared with ₹1.52 lakh crore in the corresponding quarter last year. The figures indicate that sales value grew more slowly than the number of homes sold.
MMR and Bengaluru Account for Nearly Half of Sales
Mumbai Metropolitan Region (MMR) remained the largest housing market, with approximately 31,750 units sold, a 5% annual increase. Bengaluru followed with 16,670 units, up 12%.
Together, the two markets accounted for 48% of housing sales across the seven cities.
Hyderabad recorded the strongest annual sales growth, with a 15% increase to 12,970 units. Pune, however, saw sales decline 6% to 15,690 units. NCR recorded a 1% fall to 13,765 units, while Chennai and Kolkata reported declines of 10% and 4%, respectively.
New Housing Launches Increase 18%
Developers launched approximately 1,14,320 homes in Q3 2026, compared with 96,690 units in the same quarter last year.
MMR led new supply with around 37,500 units, up 27%. Hyderabad recorded the sharpest increase, with launches rising 120% to 18,950 units.
Pune added 18,730 units, Bengaluru 17,720 units and NCR approximately 10,900 units. Together, MMR, Pune, Bengaluru and Hyderabad accounted for 81% of all new launches.
Mid-Premium Homes Dominate New Launches
Homes priced between ₹80 lakh and ₹1.5 crore made up the largest share of new launches, accounting for 34% of supply.
The ₹1.5 crore to ₹2.5 crore segment contributed another 24%. Homes priced between ₹40 lakh and ₹80 lakh represented 17% of launches, while properties below ₹40 lakh accounted for 14%.
The distribution shows that a substantial share of newly launched homes is concentrated in the mid-premium and higher-priced categories. For buyers, this makes location, budget and monthly affordability important considerations when comparing new projects.
Unsold Housing Inventory Rises 12%
Available housing inventory across the seven cities increased 12% year-on-year to approximately 6.31 lakh units at the end of Q3 2026, compared with 5.62 lakh units a year earlier.
Average residential prices across the markets rose 7% during the quarter on an annual basis. NCR recorded the highest appreciation at 12%, followed by Bengaluru at 8%.
The combination of rising inventory and higher prices highlights the importance of assessing local market conditions rather than relying solely on national sales figures. Inventory levels can vary significantly by city, location and price segment.
What Buyers and Developers Should Watch Next
Anarock Chairman Anuj Puri said demand during the festive period is expected to receive support from stable borrowing costs and new launches. However, buyers are likely to remain selective amid higher property prices and affordability concerns.
For homebuyers, comparing similar properties, checking project progress and evaluating the total cost of ownership remain important before making a purchase. Developers, meanwhile, will be watching whether festive-season demand can absorb the additional supply.
The next few months will provide a clearer indication of whether sales growth can keep pace with new launches and whether the rise in available inventory continues.