NEW DELHI: According to Magicbricks’ PropIndex report, India’s residential real estate market saw a 10.1% year-on-year increase in housing supply during Q1 2026. Property prices also rose by 14.1% across major cities.
Active listings in 13 key cities increased by 6.8% from the previous quarter and 10.1% year-on-year, surpassing 1.1 lakh units during January-March. The average residential price has climbed to ₹14,633 per sq ft.
However, demand exhibited a slight decline on a sequential basis, dropping 2.2% quarter-on-quarter. Annually, demand remained stable, with a 1.5% increase, totaling approximately 31.7 lakh units.
At the city level, demand trends differed—Noida, Chennai, and Kolkata faced notable declines, while Ahmedabad experienced growth. Delhi and Pune saw minor softening in demand.
On the supply side, developers are launching new projects, with Bengaluru, Hyderabad, and Kolkata reporting significant increases in available inventory. This expansion is accompanied by a shift towards higher-priced housing, as the share of inventory in the ₹3 crore-plus segment grows.
Buyer preferences continue to favor mid-sized homes, with 2BHK and 3BHK units accounting for nearly 80% of demand. Properties between 750 sq ft and 1,250 sq ft dominated transactions, reflecting a trend towards practical and end-use driven purchases.
Regional differences remain, with the NCR and southern markets like Bengaluru and Hyderabad showing demand for larger homes, while the Mumbai Metropolitan Region predominantly favors smaller units due to affordability challenges.
