BENGALURU — India's seven biggest housing markets sold about 1,00,220 homes in July to September 2026, up 3% year on year, while new launches rose 18% to about 1,14,320 homes, according to Anarock Research. Unsold inventory rose 12% to about 6,30,590 homes and average prices rose 7% to ₹9,714 per square foot. Bengaluru sold about 16,670 homes, up 12%, second only to the Mumbai region.
Key facts
- Sales: about 1,00,220 homes in the top 7 cities, up 3% year on year and up 10% on Q2
- Sales value: about ₹1.55 lakh crore, up 2%
- New launches: about 1,14,320 homes, up 18% year on year
- Unsold inventory: about 6,30,590 homes, up 12% year on year
- Average price: ₹9,714 per sq ft, up 7% in a year and 1% in the quarter
- Bengaluru: about 16,670 homes sold (+12%), about 17,720 launched (+17%), prices up 8%
Sales edge up while launches surge
Anarock Research's Q3 2026 data shows about 1,00,220 homes sold across the top seven cities between July and September, up 3% from about 97,080 in Q3 2025 and up 10% on the previous quarter. The total value of those sales rose 2% to about ₹1.55 lakh crore, from ₹1.52 lakh crore a year earlier. New launches grew faster than sales: about 1,14,320 homes were launched, up 18% year on year and up 8% on Q2 2026. Launches therefore exceeded sales by about 14,100 homes in the quarter.
Anuj Puri, chairman of the Anarock Group, said Mumbai and Bengaluru together accounted for 48% of all sales. He described demand as resilient but expected more measured growth, with buyers staying selective because of higher prices and affordability concerns.
City by city: who is gaining
| City | Homes sold | Sales vs Q3 2025 | Sales vs Q2 2026 | New launches | Launches vs Q3 2025 | Launches per home sold |
|---|---|---|---|---|---|---|
| Mumbai Metropolitan Region | 31,750 | +5% | +11% | 37,500 | +27% | 1.18 |
| Bengaluru | 16,670 | +12% | +9% | 17,720 | +17% | 1.06 |
| Pune | 15,690 | −6% | +20% | 18,730 | −3% | 1.19 |
| National Capital Region | 13,765 | −1% | +3% | 10,900 | −14% | 0.79 |
| Hyderabad | 12,970 | +15% | +15% | 18,950 | +120% | 1.46 |
| Chennai | 5,395 | −10% | +5% | 5,840 | −9% | 1.08 |
| Kolkata | 3,980 | −4% | +3% | 4,680 | −4% | 1.18 |
Three cities grew sales year on year: Hyderabad (+15%), Bengaluru (+12%) and the Mumbai Metropolitan Region (+5%). Every other city recorded a fall. Bengaluru sold about 16,670 homes, second only to Mumbai's region, with sales up 9% on the previous quarter. Our earlier report on the Bengaluru Q3 sales and unsold stock covers the city in more detail.
Where supply is running ahead of demand
Dividing launches by homes sold shows where new supply is outrunning buyers. Hyderabad launched about 1.46 homes for every home it sold, with 97% of its new supply priced above ₹80 lakh. Pune and the Mumbai region launched about 1.19 and 1.18 homes per home sold. Bengaluru's ratio was about 1.06, close to balance, while the National Capital Region launched fewer homes than it sold (about 0.79). The ratio is a rough guide only, because launches and sales are both counted in the same quarter and projects take months to sell.
Available inventory across the seven cities rose 12% year on year to about 6,30,590 homes, up from about 5,61,760 and from about 6,16,500 at the end of Q2 2026. That is roughly six quarters of sales at the Q3 pace. Rising inventory does not by itself mean prices must fall, but it gives buyers more choice and more room to negotiate.
Prices: a 7% annual rise, but only 1% in the quarter
The average price across the top seven cities rose 7% in a year, from ₹9,105 to ₹9,714 per square foot. On a quarterly basis the average rose only 1%. The National Capital Region saw the sharpest annual rise at 12%, followed by Bengaluru at 8%. Anarock's figures describe average prices across all projects it tracks, so they can differ from other indices that measure launch prices, resale prices or specific segments.
Which budgets got the new supply
By price band, homes between ₹80 lakh and ₹1.5 crore made up 34% of new supply in the quarter, those from ₹1.5 crore to ₹2.5 crore made up 24%, ₹40 lakh to ₹80 lakh made up 17% and homes under ₹40 lakh made up 14%. The remaining share, implied at about 11%, was above ₹2.5 crore. In Bengaluru about 81% of the new supply was priced between ₹80 lakh and ₹2.5 crore, which suggests builders in the city are concentrating on the upper-middle segment.
What comes next: festive demand and the rate hike
Anarock published these figures on 28 September, before the Reserve Bank of India raised the repo rate by 0.25 percentage points to 5.50% on 7 October. The report had expected the festive season, stable borrowing costs and a healthy launch pipeline to support sales. Borrowing costs are no longer unchanged, so Q4 data will show whether the hike dents demand. Our RBI hike report explains the decision and our EMI guide shows what it means for a typical loan.
Falcon's note: National totals hide big differences between cities and price bands, so use them as context, not as a buying signal for a specific project. If you are buying in Bengaluru, the useful questions are how much unsold stock sits in your micro-market, what the builder offers on payment terms and whether the project is RERA-registered. Our national market guide turns these numbers into a buyer and seller checklist.
How this report was verified
- Primary data, multiple outlets. The Anarock figures appeared in a full report by The Realty Today dated 28 September 2026 and were repeated by Business Today, Construction World, Newkerala and others.
- Our calculations. Launches per home sold, the roughly 14,100-home gap between launches and sales and the implied 11% share above ₹2.5 crore are Falcon's arithmetic from Anarock's published numbers.
- Timing. The data pre-dates the RBI's 7 October rate hike, so it does not show any effect of the change.
Frequently asked questions
How many homes were sold in India's top 7 cities in Q3 2026?
About 1,00,220 homes, according to Anarock Research. That is 3% more than the 97,080 sold in Q3 2025 and about 10% more than in Q2 2026.
Which city had the highest housing sales in Q3 2026?
The Mumbai Metropolitan Region, with about 31,750 homes, followed by Bengaluru with about 16,670 and Pune with about 15,690.
Which cities grew fastest?
Hyderabad grew sales 15% year on year, Bengaluru 12% and the Mumbai Metropolitan Region 5%. The other four cities recorded annual falls.
Is India's unsold housing stock rising?
Yes. Anarock puts available inventory in the top seven cities at about 6,30,590 homes at the end of Q3 2026, up 12% from a year earlier.
Will the RBI rate hike affect these numbers?
The data was published before the 7 October hike, so it does not capture any effect. Analysts and developers quoted in other reports broadly expected a limited impact, but Q4 figures will show it.
Sources
- The Realty Today: Q3 2026 Housing Sales Rise 3% Y-o-Y in Top 7 Cities, New Launches Up 18% — 28 Sep 2026; full Anarock Research city-wise data and commentary
- Business Today: Housing sales in top seven cities rise 3% on year in Q3 — 29 Sep 2026; independent report of the same data
- Construction World: Housing sales in top seven cities rise 3% to 100,000 units — corroborating coverage
Reviewed on 29 October 2026. Figures are Anarock Research estimates as reported by the outlets above. This report is general information and not legal, tax or investment advice.