Despite a surge in prices, the value of residential units sold across the top 7 cities may grow by more than 19% year-on-year this fiscal to exceed Rs 6.65 lakh crore, shows a report by Anarock.
In FY25, the total sales value in these cities stood at Rs 5.59 lakh crore, registering a 6% y-o-y growth, while the sales volume stood at about 422,765 units.
The report said more than 193,000 units were sold in the top 7 cities in the first half of FY26, with the total value exceeding Rs 2.98 lakh crore. This is already 53% of the total sales value clocked in entire FY25.
“After reaching a peak in overall absorption in FY24, housing sales have tapered down amid various headwinds,” said Prashant Thakur, executive director & head – research & advisory, Anarock Group. “However, the sales value of the total homes sold is growing. While the sales volume plummeted by 14% y-o-y in FY25, the sales value jumped up 6% to Rs 5,59,290 crore – the highest since FY22,” he added.
The current trends indicate potential double-digit sales value growth by the end of the ongoing fiscal even as the sales volume either stagnates or sees moderate growth not exceeding about 4%.
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 more new supply in these budget categories — 42% of the total new supply in H1 was in the luxury and ultra-luxury categories combined. Average residential prices across cites have also skyrocketed over the years, making homebuying more expensive, Thakur said.
NCR and Chennai outpaced other cities in H1FY26 by achieving 74% and 71%, respectively, of the overall sales value of FY25. In NCR, nearly 29,175 units worth Rs 75,859 crore were sold in H1FY26. Mumbai Metropolitan Region (MMR) achieved 45% of the total sales value it recorded in the previous fiscal.
