India's residential real estate market remained resilient in the second quarter of 2026, with housing sales across the country's top nine cities rising 19% year-on-year to 1,12,458 units, supported by a sharp increase in new launches, according to a report by NSE-listed real estate data analytics firm PropEquity.
New housing supply surged 43% year-on-year to 1,17,609 units during the April-June quarter, reflecting developers' confidence amid sustained buyer demand. On a sequential basis, housing sales increased 14%, while new supply grew 27%.
The report said the Indian housing market remained largely unaffected by geopolitical uncertainties in the Middle East, with demand staying robust across key residential markets.
"Bengaluru continued to dominate both housing sales and new supply during the quarter, while southern markets outperformed other regions," said Samir Jasuja, Founder and CEO of PropEquity.
Among the southern cities, Bengaluru registered the strongest housing sales growth, rising 47% year-on-year to 21,516 units. Hyderabad followed with a 22% increase to 14,410 units, while Chennai recorded an 18% rise to 6,323 units.
Western markets also witnessed healthy momentum. Navi Mumbai emerged as the fastest-growing residential market with housing sales jumping 61% to 11,029 units. Mumbai posted a 32% increase to 10,561 units, Thane grew 10% to 16,386 units, and Pune recorded a 9% rise to 18,737 units.
In contrast, Kolkata and Delhi-NCR lagged. Housing sales in Kolkata declined 23% year-on-year to 3,414 units, while Delhi-NCR witnessed a 14% decline to 10,082 units.
On the supply side, developers significantly accelerated project launches across major cities. Navi Mumbai recorded the highest growth in new supply, with launches soaring 116% year-on-year to 9,902 units. Mumbai followed with a 111% increase to 10,438 units, Hyderabad witnessed a 75% jump to 18,407 units, while Bengaluru recorded a 71% rise to 24,340 units.
Hyderabad also emerged as the second-largest housing supply market after Bengaluru, overtaking Pune, Thane and Delhi-NCR during the quarter.
However, Delhi-NCR and Kolkata continued to witness subdued developer activity, with new supply declining 6% and 2%, respectively.
Commenting on the trends, Jasuja said the rise in housing supply after several quarters of constrained launches had resulted in stronger absorption across key markets, indicating that underlying demand remains healthy despite ongoing geopolitical tensions.
He also noted that India is increasingly attracting real estate investor interest from those who were previously evaluating opportunities in the Middle East, driven by the country's economic stability, infrastructure development and favourable long-term real estate fundamentals.
The report suggests that developers are responding to sustained homebuyer demand by stepping up project launches, particularly in southern and western markets, reinforcing the resilience of India's residential real estate sector despite global uncertainties.
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