en.Wedoany.com Reported - A report released by Indian real estate data analytics firm PropEquity shows that in the second quarter of 2026, residential sales in nine major Indian cities increased by 19% year-on-year, reaching 112,458 units, compared to 94,864 units in the same period last year.
The report indicates that Navi Mumbai, Chennai, and Hyderabad recorded the highest growth in housing sales. During the same period, housing supply increased for multiple consecutive quarters to 117,609 units, a year-on-year surge of 43%. Geopolitical uncertainties in the Middle East did not impact sales growth.
On a quarter-on-quarter basis, sales in Q2 2026 grew by 14%, and supply increased by 27%.
Among cities, Navi Mumbai posted the highest year-on-year sales growth at 54%, followed by Chennai at 33%, Hyderabad at 25%, and Bengaluru at 20%. Pune grew by 16%, Mumbai by 15%, and Thane by 3%. Seven out of nine cities reported sales growth, while Delhi NCR and Kolkata saw declines of 17% and 12%, respectively.
Samir Jasuja, Founder and CEO of PropEquity, stated that despite geopolitical uncertainties in the Middle East, the Indian housing market has shown resilience. Southern markets continue to lead growth, with strong demand in Mumbai and Navi Mumbai. Overall market sentiment remains positive, even as activity in areas like Thane and Delhi NCR is relatively subdued. Jasuja also noted a significant trend: after several quarters of supply constraints, new supply has increased, driving absorption levels in key markets, indicating that demand remains healthy and the ongoing conflict has had minimal impact on the real estate sector.
On the supply side, Navi Mumbai led with a 116% year-on-year increase, reaching 9,902 units, followed by Mumbai at 111%, rising to 10,438 units; Hyderabad at 75%, reaching 18,407 units; and Bengaluru at 71%, reaching 24,340 units. Supply growth in markets such as Chennai, Pune, and Thane ranged from 6% to 41%. Hyderabad has become the second-largest housing supply market after Bengaluru, surpassing Pune, Thane, and Delhi NCR. Housing supply in Delhi NCR fell by 6% to 12,977 units, while Kolkata declined by 2% to 2,608 units.
Jasuja also mentioned that due to India's economic stability, infrastructure growth, and encouraging long-term real estate fundamentals, investors who previously assessed opportunities in the Middle East are showing increasing interest in the Indian real estate market.
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