India's housing sector in CY26 (File Photo)
\n\nIndia’s residential real estate market could continue to struggle with sales growth in calendar year 2026 (CY26), as affordability concerns and limited mid-income housing options weigh on demand. Luxury and premium homes, which have been driving much of the market’s value growth, could also see a slowdown, potentially resulting in a “buildup of inventory” in the segment, according to brokerage firm Nuvama.
\n\nThe brokerage attributed the pressure on housing demand to rising property prices, inadequate supply of homes in the mid-income category and sluggish employment generation. These factors could make it difficult for the sector to achieve sustained growth in sales volumes, even as expensive properties continue to attract buyers.
\n\nHousing sales in India fell 3 per cent year-on-year (YoY) and 17 per cent month-on-month (MoM) in September 2026, according to Nuvama’s report. Several major property markets recorded a contraction during the month.
\n\nChennai saw a 16 per cent YoY decline in housing sales, while Pune registered a 9 per cent drop. The Mumbai Metropolitan Region (MMR) and Hyderabad recorded sharper contractions, with sales falling 24 per cent each compared with September last year.
\n\nHowever, the National Capital Region (NCR) and Bengaluru bucked…
Original source: https://www.timesnownews.com/business-economy
