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The Economic Times
The Economic Times

Bengaluru, Mumbai, Delhi NCR: A tale of three housing markets

India's property market may be moving into a phase of stability, but beneath the national numbers, the country's biggest cities are heading in very different directions.

One city is feeding off a booming technology sector. Another continues to sell homes at unmatched scale. A third is suddenly finding buyers harder to convince.

Knight Frank India's latest India Real Estate: Residential and Office (January-June 2026) report suggests jobs, infrastructure and the changing geography of India's economic growth are key factors.

While residential sales across the country's eight largest cities remained almost unchanged at 171,471 units during the first half of 2026, individual markets painted sharply contrasting pictures.

Also Read: India's middle class may have little room in the richer housing market

Bengaluru strong housing engine

If one city stood out, it was Bengaluru.

The city recorded 27,968 housing sales during the first six months of 2026, a 5% increase from a year earlier, the fastest growth among India's major residential markets. Developers also launched 34,749 new homes, up 4%, as confidence remained high despite the market cooling from the exceptional performance seen in 2025.

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