NEW DELHI: The National Capital Region (NCR) saw residential sales reach 24,862 units in H1 2026, a seven percent decline from 26,795 units in H1 2025, as per Knight Frank India’s report.
During the same period, new launches fell by five percent year-on-year, totaling 23,877 units compared to 25,233 units last year.
Gurugram led the NCR residential market, representing 50 percent of new launches and 42 percent of total sales in H1 2026.
Knight Frank noted that Gurugram’s launch pipeline is predominantly in the premium and luxury segments, with nearly all new projects starting above the ₹2 crore price point.
Noida and Greater Noida made up 28 percent of new launches and 35 percent of total residential sales in NCR for H1 2026.
Ghaziabad accounted for 15 percent of new launches and 17 percent of sales, continuing to attract end-users in search of relatively affordable housing options within NCR.
New Delhi and Faridabad contributed to seven percent of launches and six percent of sales in H1 2026.
Premium housing remained a significant segment in NCR’s market. The ₹2 crore-₹5 crore category made up 60 percent of launches and 43 percent of sales, while the ₹1 crore-₹2 crore segment contributed 21 percent of launches and 24 percent of sales.
Unsold inventory in NCR saw a marginal decline of one percent year-on-year, totaling 1,03,984 units in H1 2026. The quarters-to-sell ratio stands at 7.9, with the average age of unsold inventory reduced to 11.5 quarters from 14.8 quarters in H1 2025.
Gurugram recorded the highest unsold inventory at 59,727 units, a six percent increase year-on-year, with a 9.6 quarters-to-sell ratio. Greater Noida had 24,818 unsold units and a 7.7 quarters-to-sell, while Ghaziabad’s unsold inventory decreased by 33 percent to 6,867 units, reflecting a 3.2 quarters-to-sell ratio.
Across various price segments, the ₹50 lakh-₹1 crore category exhibited a quarters-to-sell ratio of 14.4, while the ₹1 crore-₹2 crore segment was at 7.1 quarters. The ₹2 crore-₹5 crore segment had a quarters-to-sell of 4.2.
Residential prices in NCR continued to rise during H1 2026, with Delhi and Faridabad recording the highest annual price appreciation of 18 percent each, followed by Ghaziabad at 15 percent, Noida at eight percent, and Gurugram and Greater Noida both at six percent.
