India's Residential Real Estate Market Sees 10% Supply Growth and 14% Price Increase in Q1 2026
Housing Supply Jumps 10% YoY, Prices Rise 14% Across Top Cities In Q1 2026: Report
News 18
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India's residential real estate market started 2026 robustly, with housing supply increasing by 10.1% year-on-year to 110,821 listings and prices rising 14.1% annually to ₹14,633 per sq. ft. Demand eased slightly but remained higher than last year, indicating a shift towards a more mature market.
- 01Housing supply rose 10.1% year-on-year to 110,821 listings.
- 02Average residential prices increased by 14.1% to ₹14,633 per sq. ft.
- 03Demand dipped 2.2% quarterly but was up 1.5% year-on-year.
- 04Ahmedabad saw a 2.7% increase in demand, contrasting with declines in other major cities.
- 05Mid-sized homes (2BHK and 3BHK) dominate market demand, comprising nearly 80%.
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India's residential real estate market commenced 2026 on a strong note, as revealed in the latest PropIndex report by Magicbricks. The report highlighted a 10.1% year-on-year increase in active property supply, reaching 110,821 listings, while average residential prices surged 14.1% to ₹14,633 per square foot. Despite a 2.2% quarterly dip in demand, it remained 1.5% higher compared to the same period last year, suggesting that seasonal factors influenced the slowdown. Prasun Kumar, chief marketing officer of Magicbricks, noted that the market is transitioning into a more balanced phase, with sustained developer confidence and a shift towards premium housing. Demand trends varied across cities, with Ahmedabad showing resilience and a 2.7% increase in demand, while cities like Noida and Chennai experienced sharper declines. The preference for mid-sized homes continues, with 42% of demand for two-bedroom units and 37% for three-bedroom homes, reflecting evolving lifestyle needs. Overall, the market's fundamentals remain strong, indicating a positive outlook for future growth.
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The increase in housing supply and prices indicates a robust market, benefiting homebuyers and investors while reflecting changing buyer preferences towards premium housing.
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