Top Cities Witness Significant Rise in Housing Prices: Bengaluru Leads the Way
Housing prices in India's top cities have seen a significant uptick, with Bengaluru leading the charge. According to a report by PropTiger, a real estate consultant under the listed firm Aurum PropTech, the average housing prices in the country's major cities rose by 3-24% during the January-March period of 2026.
Bengaluru, known for its robust tech ecosystem and vibrant startup culture, saw the highest increase in housing prices, with a 24% rise to Rs 9,785 per square foot. This substantial growth underscores the city's continued appeal to both domestic and international buyers.
The Mumbai Metropolitan Region (MMR) followed closely, with housing prices growing by 20% to Rs 15,120 per square foot. Delhi-NCR also witnessed a significant price hike, with an 18% increase to Rs 9,534 per square foot. Pune and Hyderabad saw more modest increases of 12% and 11%, respectively.
Ahmedabad, Kolkata, and Chennai also recorded positive growth, with price increases of 8%, 7%, and 3%, respectively. While Chennai's growth was the lowest among the eight cities, it still reflects a steady demand for housing in the region.
Prakash Tejwani, CEO of PropTiger, commented on the findings, stating, '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.'
Industry experts have also weighed in on the report. Rishi Raj, CEO of NCR-based Conscient Infrastructure, noted, 'Delhi-NCR's residential market demonstrated 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.'
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 infrastructure improvements in the region have made it more attractive for both residents and investors,' he added.
Darshan Govindaraju, Executive Director of Vaishnavi Group, highlighted the strong fundamentals driving housing demand in Bengaluru. 'The city's robust talent pool, the presence of both domestic and global organizations, and a thriving startup ecosystem make it a highly desirable location for housing,' he explained.
Overall, the report indicates a positive trend in the Indian real estate market, with a focus on quality and sustainability. The data suggests that while speculative investments have decreased, the market is now more driven by genuine demand and long-term value.
