Housing Launches Rise 18% Across Top Seven Cities, Reaching 1.14 Lakh Units in Q3 202

 

 

By The Realty Times | Real Estate News Services

New Delhi: India’s residential real estate market witnessed a significant increase in new housing supply during the July–September quarter of 2026. Developers launched approximately 1,14,320 residential units across the country’s top seven cities, registering an 18% year-on-year growth compared with 96,690 units in the same period last year, according to a report by property consultancy ANAROCK.

The rise in new launches reflects developers’ continued confidence in the housing market, supported by demand from homebuyers and the expansion of major urban centres. New housing supply also increased by 8% compared with the previous quarter.

The Mumbai Metropolitan Region (MMR) emerged as the largest contributor to new housing supply, with approximately 37,500 units launched during the quarter. This represented a 27% increase compared with the corresponding period last year.

Hyderabad followed with around 18,950 new units, recording a remarkable 120% annual increase. Bengaluru added approximately 17,720 units, registering 17% growth.

Pune recorded around 18,730 new housing units, while Delhi-NCR added approximately 10,900 units. Together, MMR, Pune, Bengaluru and Hyderabad accounted for nearly 81% of the total new housing supply across the seven cities.

The report highlights the strong presence of mid-premium and premium housing in developers’ new project launches.

Homes priced between ₹80 lakh and ₹1.5 crore accounted for the largest share, at 34% of total new supply. Properties priced between ₹1.5 crore and ₹2.5 crore represented another 24%.

Meanwhile, homes priced between ₹40 lakh and ₹80 lakh contributed 17% of new launches, while properties priced below ₹40 lakh accounted for 14%. These figures indicate the significant share of mid-range and higher-priced homes in the current development pipeline.

Alongside the increase in new launches, housing sales across the top seven cities rose 3% annually to approximately 1,00,220 units in Q3 2026. The total value of homes sold increased 2% to around ₹1.55 lakh crore.

Mumbai Metropolitan Region recorded the highest sales, with approximately 31,750 units, followed by Bengaluru with 16,670 units. Hyderabad registered the strongest annual sales growth among the seven cities, at 15%.

However, sales declined in Pune, Delhi-NCR, Chennai and Kolkata, highlighting the varying performance of individual housing markets.

Despite the increase in housing sales, available residential inventory across the seven cities rose 12% year-on-year to approximately 6.31 lakh units by the end of September 2026.

Average residential property prices also increased by 7% annually. Delhi-NCR recorded the highest price appreciation, at 12%, followed by Bengaluru at 8%.

The rise in inventory suggests that new housing supply is expanding faster than sales in the market overall. Developers may therefore need to focus on pricing, location, construction quality and project delivery to attract buyers.

With the festive season underway, developers are looking forward to stronger homebuyer activity during Dussehra and Diwali. Attractive payment plans, special offers and new project launches could encourage prospective buyers to make purchasing decisions.

However, rising property prices and affordability concerns may influence buyer sentiment. The performance of the housing market in the coming months will depend on how effectively developers balance new supply with actual demand.

The 18% rise in housing launches reflects continued developer activity and confidence in India’s major residential markets. However, the simultaneous increase in unsold inventory underlines the importance of demand-led development. The festive season could provide fresh momentum, but sustained growth will depend on homebuyer affordability, project selection and the pace at which newly launched homes are absorbed by the market.