Daijiworld Media Network - New Delhi

New Delhi, Nov 10: India’s primary housing market is set for another record-breaking year, with sales value across major cities expected to rise over 19% year-on-year in FY26, surpassing Rs 6.65 lakh crore, according to a new report by real estate consultancy Anarock. The growth is being driven primarily by robust demand for luxury and ultra-luxury homes.

Despite global uncertainties and elevated property prices, sales volumes in the top seven Indian cities remained resilient, with 1.93 lakh units sold between April and September 2025 (H1 FY26). The report noted that while transaction volumes have stabilised, the high-value housing segment continues to propel overall market growth.

Cumulative housing sales value for the first half of FY26 reached Rs 2.98 lakh crore — already 53% of FY25’s total sales of Rs 5.59 lakh crore.

“The sales value of total homes sold is increasing steadily,” said Prashant Thakur, Executive Director and Head of Research and Advisory at Anarock Group. “Although sales volume dropped by 14% year-on-year in FY25, sales value still rose 6% to Rs 5.59 lakh crore — the highest since FY22.”

Thakur added that after peaking in FY24, overall housing absorption has moderated due to economic and geopolitical headwinds. However, he expects the current fiscal to close with double-digit value growth, even if transaction volumes remain flat or increase modestly by up to 4%.

City-level data revealed that the National Capital Region (NCR) and Chennai led the market in H1 FY26, achieving 74% and 71%, respectively, of their total FY25 sales values. The Mumbai Metropolitan Region (MMR) followed with 45% of its previous fiscal’s performance.

The report underscores how India’s property market continues to pivot toward higher-value transactions, with affluent buyers sustaining momentum even as overall sales volumes plateau.