Will India’s housing sales value surpass Rs 6.65 lakh crore in FY26?
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Synopsis
As India's housing market thrives, sales value is set to exceed Rs 6.65 lakh crore in FY26. This remarkable growth of over 19 percent is fueled by increased demand for luxury and ultra-luxury homes. Discover key insights and trends driving this booming sector.
Key Takeaways
- Projected sales value for FY26 to exceed Rs 6.65 lakh crore.
- 19 percent growth expected year-over-year.
- Demand for luxury homes continues to rise.
- Stability in sales volumes despite geopolitical issues.
- City-wise performance shows NCR and Chennai leading.
New Delhi, Nov 10 (NationPress) The primary housing market sales value in leading Indian cities is anticipated to surge by over 19 percent in FY26 (year-over-year), surpassing Rs 6.65 lakh crore, fueled by robust demand for luxury and ultra-luxury homes, as highlighted in a report released on Monday.
Sales volumes across the top seven Indian cities have shown stability despite geopolitical tensions and escalating prices, indicating that over 1.93 lakh units were transacted in these urban centers during H1 FY26 (April-September), according to insights from the real estate services firm Anarock.
This sales value momentum is primarily led by high-value homes, with demand for luxury and ultra-luxury housing consistently outpacing other market segments.
Data reveals that the cumulative sales value for H1 FY26 reached Rs 2.98 lakh crore, accounting for 53 percent of the total sales value of Rs 5.59 lakh crore for FY2025.
“The sales value of total homes sold is on the rise. Although sales volume experienced a 14 percent decline year over year in FY25, the sales value surged by 6 percent to Rs 5,59,290 crore — the highest since FY22,” stated Prashant Thakur, Executive Director and Head–Research and Advisory at Anarock Group.
Following a peak in overall absorption during FY24, housing sales have softened amid various challenges, Thakur noted, adding that current trends point towards potential double-digit sales value growth by the end of the fiscal year, even as overall volumes are projected to either stabilize or see moderate growth of up to 4 percent.
A detailed city analysis revealed that the National Capital Region (NCR) and Chennai surpassed other cities in H1 FY26, achieving 74 percent and 71 percent of their FY25 sales values, respectively.
In contrast, the Mumbai Metropolitan Region (MMR) attained 45 percent of the total sales value recorded in the prior fiscal year.
Point of View
It's essential to highlight the remarkable resilience of India's housing market despite global challenges. With a clear trend toward luxury home purchases, this sector showcases the evolving preferences of buyers, emphasizing the need for strategic investments in urban real estate. Our commitment is to provide insights that equip stakeholders with the right information to navigate this dynamic landscape, ensuring we remain at the forefront of market developments.
NationPress
10/11/2025
Frequently Asked Questions
What is the projected sales value for India's housing market in FY26?
The projected sales value for India's housing market in FY26 is expected to exceed Rs 6.65 lakh crore, reflecting a growth of over 19 percent.
Which cities are leading in housing sales?
The National Capital Region (NCR) and Chennai are leading in housing sales, achieving 74 percent and 71 percent of their FY25 sales values, respectively.
What is driving the growth in the housing market?
The growth in the housing market is primarily driven by strong demand for luxury and ultra-luxury homes, even amid geopolitical tensions and high prices.
How did sales volumes perform in H1 FY26?
In H1 FY26, more than 1.93 lakh units were sold in the top seven Indian cities, indicating stability in sales volumes.
What are the trends in housing sales value?
Current trends indicate potential double-digit sales value growth by the end of the fiscal year, while overall volumes may either stagnate or see moderate growth.
