Housing Prices Rise Across India, Bengaluru Leads Growth Among Major Residential Markets
India's residential property market recorded steady growth in the first quarter of 2026, with housing prices rising in 44 of 50 major cities tracked by the National Housing Bank. Bengaluru led the surge with a 13.1 percent annual increase, followed by Chennai and Ahmedabad, reflecting continued strength in the country's housing sector.
The Housing Price Index for the fourth quarter of FY 2025-26, covering the January-March period, tracks residential property prices across 50 major cities using valuation data collected from banks and housing finance companies. The report revealed that housing prices recorded annual growth in 44 cities, while six cities witnessed a decline. Overall, residential property prices increased by 4.5 percent compared to the corresponding period last year. On a quarterly basis, prices rose by 1.9 percent from the previous quarter.
Among the country's leading residential markets, Bengaluru emerged as the strongest performer, registering a significant 13.1 percent annual increase in housing prices. The city recorded the highest growth rate among all major metropolitan regions during the quarter.
Chennai followed as the second-best performing market, posting an annual rise of 8.6 percent in residential property prices. Ahmedabad also recorded strong growth, with housing prices increasing by 7.2 percent over the same period.
Kolkata witnessed a 5.3 percent increase in home prices, while Mumbai registered a 4.5 percent annual rise. Hyderabad and Pune also maintained positive momentum in the housing sector, recording annual growth rates of 3.3 percent and 2.9 percent respectively.
The latest Housing Price Index highlights the continued resilience of India's residential real estate sector despite varying market conditions across regions. With housing prices rising in the majority of the country's major cities, the data provides a crucial indicator of property market trends for prospective homebuyers, investors, financial institutions, and policymakers monitoring the sector's performance.

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