Top 8 Cities Witness Significant Rise in Housing Prices: Q1 2026
The Indian real estate market has shown significant resilience and growth, with housing prices rising by an average of 3-24% annually during the January-March period of 2026 across eight major cities, according to real estate consultant PropTiger. This upcycle in property prices underscores the strong underlying demand and disciplined market conditions.
PropTiger, a part of the 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 Bengaluru has witnessed the highest appreciation, with average housing prices increasing by 24% to Rs 9,785 per square foot.
In the Mumbai Metropolitan Region, property prices grew by 20% to Rs 15,120 per square foot. Delhi-NCR also saw a substantial price rise of 18% to Rs 9,534 per square foot. Pune and Hyderabad experienced increases of 12% and 11%, respectively. The average price rose by 8% in Ahmedabad, 7% in Kolkata, and 3% in Chennai, which saw the least growth.
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, highlighted the resilience and maturity of the Delhi-NCR residential market. “Gurgaon has been at the heart of this transformation. Over the last decade, the city has delivered an 8-10% CAGR, clearly outperforming inflation.”
Deepak Sangwan, Chairman of Origen Realty, attributed the rise in prices in NCR to infrastructure development, enhanced connectivity, and growing demand for premium homes. “The ongoing infrastructure projects and improved connectivity have made NCR a preferred choice for homebuyers,” he added.
Darshan Govindaraju, Executive Director of Vaishnavi Group, emphasized the strong housing demand in Bengaluru. “The city's robust fundamentals, including the availability of quality talent, the presence of domestic and global organizations, and a thriving start-up ecosystem, have contributed to the strong demand for residential properties,” he explained.
The data from PropTiger indicates a positive trend in the Indian real estate market, reflecting a shift towards a more disciplined and demand-driven growth pattern. This is a promising sign for both developers and homebuyers, suggesting a stable and sustainable future for the housing sector in these major cities.
