Residential Property Prices Rise 7% Across Major Indian Cities

 

By The Realty Times | Real Estate News Services

Mumbai: Residential property prices across India's seven major cities increased by an average of 7% year-on-year in the July–September quarter of 2026, reflecting continued price appreciation in the country's key housing markets, according to a report by real estate consultancy ANAROCK. The average residential price reached approximately ₹9,714 per square foot during the quarter.

The increase comes amid rising housing demand in select cities, higher new project launches and continued development of urban infrastructure. However, price growth has varied across markets, with some cities recording stronger appreciation than others.

Delhi-NCR recorded the highest annual increase in average residential property prices, at 12%. Bengaluru followed with an 8% rise, while the average across all seven cities increased by 7%.

The figures highlight the continued upward movement of residential property values in major urban centres. Infrastructure development, employment opportunities and demand for homes in well-connected locations remain important factors influencing housing markets.

The price increase coincided with a rise in new residential launches. Developers introduced approximately 1,14,320 housing units across the top seven cities during Q3 2026, an 18% increase compared with the same quarter last year.

The Mumbai Metropolitan Region (MMR) accounted for the largest share of new launches, with approximately 37,500 units. Hyderabad followed with around 18,950 units.

Despite the rise in supply, available housing inventory across the seven cities increased by 12% year-on-year to approximately 6.31 lakh units by the end of September 2026.

The continued rise in property prices could make homeownership more challenging, particularly for first-time buyers and middle-income households.

While demand remains resilient in several markets, higher prices may encourage buyers to carefully evaluate project locations, property sizes, amenities and payment plans before making a purchase.

The increase in available inventory also gives buyers more options in certain locations, although affordability will continue to be an important consideration.

The upcoming festive season, including Dussehra and Diwali, is expected to bring fresh opportunities for residential property sales. Developers may introduce promotional offers and flexible payment schemes to attract prospective homebuyers.

Market performance will depend on whether buyer demand can keep pace with rising property prices and the growing supply of new homes.

The 7% annual increase in residential property prices indicates that housing values continue to rise across India's major urban markets. However, the growth is not uniform, and increasing inventory alongside affordability concerns could influence future sales. For homebuyers, comparing prices across locations and assessing long-term affordability will remain essential when making property investment decisions.