India’s residential market displayed resilience in the first half of 2026, with sales increasing by 3% to 138,382 units, indicating strong buyer confidence and market fundamentals, according to a report. The report by real estate services firm JLL highlighted a 9% rise in new launches to 168,507 units, reflecting robust developer confidence. Quarterly sales dipped by 4% in Q2 2026 compared to Q1, attributed to seasonal factors and price adjustments rather than a structural slowdown.
Bengaluru led the growth with a 16% year-on-year sales increase, while Chennai recorded a 27% growth rate. The major markets of Bengaluru, Mumbai, Pune, and Delhi NCR accounted for 76% of total sales in H1 2026, solidifying their status as India’s key residential centers. The temporary decline in Q2 2026 was influenced by seasonal aspects, price realignments, and a more cautious buyer approach.
Siva Krishnan, Senior Managing Director at JLL, observed a shift towards quality and quantity, with a notable 58% surge in the Rs 1-3 crore segment year-on-year, indicating a preference for premium developments offering long-term value. Krishnan expressed optimism for improved sales momentum in the upcoming quarters as property prices stabilize and buyers adapt to market conditions.
Ongoing investments in infrastructure, expanding metro networks, enhanced connectivity, and the development of new growth areas, along with increased access to housing finance and rising incomes, are expected to bolster homebuying decisions across various segments. Bengaluru led in new launches with a 41% year-on-year increase, followed by Mumbai at 18% growth and Delhi NCR at 14% growth.
