Indian Residential Sales Value Rises 9% as Buyers Become More Selective in 2026

The Indian residential real estate market began to operate in a more balanced and complicated manner in 2026. As per the latest market update presented by GRI Institute, the total value of residential sales witnessed growth despite lower transaction activity in many cities. Thus, it may be assumed that the market maintains its long-term strength, though the growth is uneven in different locations and asset classes.

In 2026, the total residential sales value in India grew by 9% compared to the previous year. The average property realisation amounted to approximately ₹9,629 per square foot, increasing by roughly 6% on an annual basis. At the same time, the residential area sold increased by 3% year-to-year and fell by 3% quarter-to-quarter.

As shown by these data, there is an interesting trend taking place in the market – the total value of property sales increases faster than the number of deals itself. Thus, higher prices are one of the key drivers of the market growth, and consumers take longer to make their decisions.

Nevertheless, property prices have been fairly steady even amid fluctuating volume of sales. The All India House Price Index rose sequentially to 117.5 whereas average prices of primary residential properties in eight major cities stayed over ₹10,000 per square foot for the second successive quarter.

The steady prices reflect confidence in the residential property market as an investment class. But rising prices could potentially have a negative effect on affordability and make buying a property especially difficult for first-time buyers and families who work on a tight budget.

In that case, people will pay more attention to the value that a property brings. Approvals, infrastructure, connectivity, finance options and the reputation of the developer could play a more significant role in purchasing property than its price. Results Vary from City to City

This report has noted significant variations in housing performances in various Indian cities. For example, the Mumbai Metropolitan Region sustained high demand, and Bengaluru witnessed growth due to the expansion of the technology sector, employment and development in infrastructure facilities.

On the other hand, Hyderabad and Chennai saw a positive trend in terms of number of unit sales. However, Delhi-NCR, Pune and Ahmedabad have seen drops in residential sales.

The differentials in the regional market indicate that national numbers may not be relevant for each city. Local factors such as employment, development in infrastructure, connectivity, land availability, population increase and buyer demands play an increasing role in property market.

In the case of emerging areas and developing cities, there are chances of both risks and opportunities. Buyers need to consider the local conditions of a particular place instead of depending on national trends.