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Home Sales Rise 12%, Driven by Demand in Three Key Cities
Sentiment: NeutralHigh Priority
What Happened?
Home sales in India's top seven cities increased by 12% in Q3 2026, with Bengaluru, Mumbai, and Pune accounting for nearly 60% of sales. Bengaluru led the growth, while Pune saw a decline.
Key points
- Residential sales across India's top seven cities reached 76,181 units in Q3 2026, up from 67,974 units a year earlier.
- Bengaluru recorded the highest sales at 19,208 units, a significant increase from 15,624 units in Q3 2025.
- Mumbai sold 13,595 units, slightly down from 13,628 units in the same quarter last year.
- Pune saw a decline in sales, with 12,371 units sold compared to 13,863 units a year earlier.
- Homes priced at Rs 1 crore and above made up 72% of total residential sales from January to September 2026.
- The demand for premium homes is increasing, particularly in the Rs 1.5 crore to Rs 3 crore range.
Key insights
- The strong performance of Bengaluru suggests it may continue to attract high-income buyers seeking premium housing.
- Mumbai's stable sales indicate a resilient market, but the slight decline in Pune may reflect affordability issues.
- The trend towards premium homes could lead to increased property prices, impacting overall market dynamics.
Why it matters
The rise in home sales indicates a growing demand for premium properties, reflecting changing buyer preferences in India's real estate market.
Tags
Entities
Bengaluru· CityMumbai· CityPune· CityJLL· OrganizationSanjeevini Group· CompanyAaiji Group· Company
Source
India Today
