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Top 8 Cities Witness 3-24% Increase in Housing Prices

Published: May 30, 2026 | Category: Real Estate Mumbai
Top 8 Cities Witness 3-24% Increase in Housing Prices

Housing prices across eight major cities in India have witnessed a substantial increase of 3-24% annually during the January-March period of 2026, according to PropTiger, a leading real estate consultant. Bengaluru has seen the maximum appreciation, with an average housing price increase of 24% to Rs 9,785 per square foot.

PropTiger, part of listed firm Aurum PropTech, tracks the primary (first sale) housing market in Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), Pune, and Delhi-NCR. The data reveals that the average housing price in MMR rose by 20% to Rs 15,120 per square foot, while Delhi-NCR saw a price rise of 18% to Rs 9,534 per square foot.

Pune and Hyderabad also experienced significant increases, with property prices growing by 12% and 11%, respectively. Ahmedabad saw an 8% increase, Kolkata a 7% rise, and Chennai the least with a 3% increase.

Prakash Tejwani, CEO of PropTiger, commented, “The Indian residential market has transitioned into a structurally more disciplined phase. Growth today is increasingly being driven by demand quality, inventory discipline, and buyer confidence rather than speculative expansion.”

Rishi Raj, CEO of NCR-based Conscient Infrastructure, noted that the Delhi-NCR residential market has shown both resilience and maturity. “Gurgaon has been at the heart of this transformation. Over the last decade, the city has delivered an 8-10% CAGR, clearly outperforming inflation,” he added.

Deepak Sangwan, Chairman of Origen Realty, attributed the rise in prices in NCR to infrastructure development, enhanced connectivity, and a growing demand for premium homes.

Darshan Govindaraju, Executive Director of Vaishnavi Group, highlighted the strong housing demand in Bengaluru, attributing it to robust fundamentals such as the availability of quality talent, the presence of domestic and global organizations, and a thriving start-up ecosystem.

Overall, the data suggests that the Indian real estate market is on a positive trajectory, driven by a combination of disciplined growth and increasing buyer confidence.

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Frequently Asked Questions

1. Which city saw the highest increase in housing prices?
Bengaluru witnessed the highest increase in housing prices, with a 24% rise to Rs 9,785 per square foot.
2. What factors are driving the increase in housing prices in these cities?
The increase in housing prices is driven by demand quality, inventory discipline, buyer confidence, and infrastructure development, particularly in cities like Gurgaon in Delhi-NCR.
3. How does the growth in housing prices compare to inflation?
Gurgaon, a part of Delhi-NCR, has delivered an 8-10% CAGR over the last decade, clearly outperforming inflation.
4. What role does Bengaluru's start-up ecosystem play in the housing market?
Bengaluru's strong housing demand is attributed to its robust fundamentals, including the availability of quality talent, the presence of domestic and global organizations, and a thriving start-up ecosystem.
5. What is the significance of PropTiger's dat
for the real estate market? A: PropTiger's data provides valuable insights into the trends and resilience of the Indian real estate market, helping stakeholders make informed decisions.