New Delhi, November 10 (IANS). The sales value of the primary housing market in India’s major cities is expected to grow by 19 percent year-on-year to Rs 6.65 lakh crore in FY26. The reason for this is the strong demand for luxury and ultra-luxury homes. This information was given in a report released on Monday.
Real estate services firm Anarock’s report said that despite global tensions, sales volumes in the top seven Indian cities have remained stable and more than 1.93 lakh units have been sold in these cities in the first half (April-September) of FY26.
The increase in sales value is mainly due to the sale of higher priced homes across various cities, as demand for luxury and ultra-luxury housing continues to exceed all other segments.
According to the data, the total sales value in the first half of FY26 has reached Rs 2.98 lakh crore, which is 53 percent of the total sales value of Rs 5.59 lakh crore for FY25.
Prashant Thakur, executive director and head of research and advisory, Anarock Group, said, “The sales value of total homes sold is increasing. While sales volume saw a 14 per cent year-on-year decline in FY2025, sales value increased by 6 per cent to Rs 5,59,290 crore, the highest since FY2022.”
City-wise analysis showed that the National Capital Region (NCR) and Chennai outperformed other cities in the first half of FY2026 and achieved 74 per cent and 71 per cent of their sales value by FY2025, respectively.
At the same time, the sales value of Mumbai Metropolitan Region (MMR) in the first half of FY 2026 has been 45 percent of the total sales value recorded in the last financial year.
–IANS
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