India's home sales value set to hit US$ 74.98 billion in FY26 as luxury drives growth
- IBEF
- November 11, 2025
India’s housing market is projected to touch record sales worth Rs. 6,65,000 crore (US$ 74.98 billion) in FY26, marking a 19% rise from the previous year, even as the number of units sold remains largely flat, according to Anarock. Data shows that over 1.93 lakh units were sold in the top seven cities during H1 FY26, generating Rs. 2,98,000 crore (US$ 33.6 billion) in value, already 53% of the total for FY25, which stood at Rs. 5,59,000 crore (US$ 63 billion). This would make FY26 the most valuable year on record for residential sales, nearly double the Rs. 3,53,000 crore (US$ 39.8 billion) achieved in FY23, when the sector last peaked. Despite global headwinds and elevated prices tempering volumes, the sales value is expected to see double-digit growth, driven primarily by luxury and ultra-luxury housing segments.
According to Executive Director & Head, Research & Advisory, Anarock, Mr. Prashant Thakur, sales volumes are stabilising, and the total sales value continues to grow, reflecting the shift towards high-ticket homes. Nearly 42% of all new supply in H1 FY26 was in luxury and ultra-luxury categories, underscoring rising premium demand. During H1 FY26, 4.23 lakh homes worth Rs. 2,98,000 crore (US$ 33.6 billion) were sold across major cities, with the Delhi NCR and Chennai outperforming others, achieving 74% and 71% of their FY25 totals, respectively. The Mumbai Metropolitan Region (MMR), meanwhile, achieved 45%. NCR led in value terms with Rs. 75,859 crore (US$ 8.55 billion) worth of sales from 29,175 units, reflecting robust demand for premium housing across key urban centres.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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