Real Estate

Housing Sales Flat at ₹3.6 Lakh Cr in H1 2026; MMR Tops

2026-09-28 · GeoSquare News Scraper

India's housing market hits plateau in H1 2026

India's residential sales remained flat at ₹3.6 lakh crore in the first half of 2026, signalling a plateau after years of strong growth. The Mumbai Metropolitan Region (MMR) overtook the National Capital Region (NCR) to become the country's largest housing market by sales value.

MMR leads, Bengaluru grows 25%

The MMR's rise reflects sustained demand for premium and mid-segment homes, especially in Thane, Navi Mumbai and Mumbai's western suburbs. Bengaluru posted a 25% year-on-year growth, emerging as the fastest-growing large market.

Price hikes and developer margin pressure

Property prices have risen across key cities in 2026, but developers face margin pressure from higher land and construction costs. This could slow new launches and keep affordability stretched for buyers.

What it means for Maharashtra buyers

For Maharashtra investors, the MMR's dominance suggests stable long-term demand, but entry prices are high. Watch for redevelopment projects and infrastructure-led corridors like the Mumbai Metro and Navi Mumbai airport for better value.