Housing sales value to cross ₹6.65 lakh cr, 19% growth: Report
Despite global economic headwinds, geopolitical tensions and persistently high prices, the overall housing sales value in FY26 is projected to exceed ₹6.65 lakh crore across cities, representing over 19 per cent year-on-year growth, according to Dr. Prashant Thakur, Executive Director & Head – Research & Advisory at ANAROCK Group.
This surge comes even as sales volumes remain relatively flat, highlighting a fundamental shift towards premium housing.
During the first half of FY26, 1.93 lakh units were sold across the top seven cities, generating total sales value exceeding ₹2.98 lakh crore. This figure represents 53 per cent of the entire FY25 sales value, which stood at ₹5.59 lakh crore.
“After reaching a peak in overall absorption in FY2024, housing sales have tapered down amid various headwinds,” Dr. Thakur explained. “However, the sales value of the total homes sold is growing. While sales volume plummeted by 14 per cent y-o-y in FY 2025, the sales value jumped 6 per cent to ₹5,59,290 crore, the highest since FY 2022.”
The sales momentum is largely driven by high-ticket priced homes, as demand for luxury and ultra-luxury housing continues to outperform all other segments. Developers have responded strategically: 42 per cent of total new supply in H1 FY26 was concentrated in the luxury and ultra-luxury categories combined.
This premium focus has contributed to skyrocketing average residential prices across cities, making homeownership increasingly expensive for typical buyers.
Regional performance has been uneven across the seven cities. NCR and Chennai have emerged as clear leaders in H1 FY26, already achieving 74 per cent and 71 per cent, respectively of their overall FY25 sales values. In contrast, the Mumbai Metropolitan Region (MMR) reached just 45 per cent of its previous fiscal year’s total sales value during the same period.
Published on November 10, 2025
