India's Real Estate Market Set to Soar: Rs 6.65 Lakh Crore in Home Sales by FY 26

Homes worth Rs 6.65 lakh crore are expected to be sold in FY 26, a growth of 19% from the previous year. Despite the number of units sold remaining flat, the value of homes is increasing as apartments become more expensive.

According to Anarock data, more than 1.93 lakh units were sold in the top 7 cities in the first half of FY 2026, with the total sales value exceeding Rs 2.98 lakh crore. This already represents 53% of the total sales value clocked in the entire FY 2025, which was Rs 5.59 lakh crore.

The value of homes sold in a year will be the highest this year and almost double from FY 23, when the real estate sector was at its peak, and Rs 3.53 lakh crore worth of homes were sold.

“After reaching a peak in overall absorption in FY2024, housing sales have tapered down amid various headwinds,” said Prashant Thakur, Executive Director and Head – Research and Advisory, Anarock Group. As global headwinds, geopolitical tensions, and high prices continue to roil markets, residential sales are stabilizing in the top 7 Indian cities.

“However, the sales value of the total homes sold is growing. While sales volume plummeted by 14% year-over-year (YoY) in FY 2025, the sales value jumped up 6% to Rs 5,59,290 crore – the highest since FY 2020. The current trends indicate potential double-digit sales value growth by the end of the ongoing fiscal, even as sales volume either stagnates or sees moderate growth not exceeding about 4%,” Thakur said.

This sales value momentum is largely driven by the high-ticket priced homes across cities as demand for luxury and ultra-luxury housing continues to outdo all other segments. Developers are backing this demand with increased new supply in these budget categories – 42% of the total new supply in H1 FY 2026 was in the luxury and ultra-luxury categories combined.

Average residential prices across cities have also skyrocketed over the years, making home buying more expensive. During H1 FY 2026, over 4.23 lakh homes were sold across the top 7 cities for a cumulative sale worth Rs 2,98,441 crore.

City-wise, NCR and Chennai outpaced other cities in H1 FY 2026 by already achieving 74% and 71% of the overall sales value of FY 2025. MMR achieved just 45% of the total sales value it recorded in the previous fiscal.

In NCR, 29,175 units have been sold in H1 FY 2026 worth Rs 75,859 crore. This trend underscores the resilience and growth potential of the Indian real estate market, particularly in the luxury segment.