Indian Real Estate - Premium Homes remains most preferred in Q1, 2026

The recent residential sales figures indicate that comfort is the top priority for families in the country. In Q1, 2026, India’s top seven cities record 8% YoY jump (year-on-year) in residential property sales. However, new property launches took a back seat despite strong homebuying sentiment, a leading daily reports.

Between January and March 2026, the top seven Indian cities jointly account for 77 percent of the total housing demand. The cities, including Bengaluru, Mumbai, Pune, and Delhi-NCR, individually recorded sales of more than 10,000 units.

The increase in input cost is reflected in the apartment price rise between 8-20% in top Indian cities. Also, the supply of new apartments increased by 13 percent to 90,023 units. 

“The residential market is navigating a transitional phase where robust supply is meeting measured buyer sentiment. While, launches have surged 13% year-on-year, sales growth of 8% suggests buyers are exercising greater discretion amid economic uncertainties. This temporary divergence is not usual and reflects a healthy market adjustment and not a structural concern. The premium segment (homes priced at Rs. 1 Crore and above) saw a 30% year-on-year growth, demonstrating that underlying demand fundamentals remains strong, particularly among affluent buyers who are less sensitive to short-term economic fluctuations,” said Siva Krishnan, Senior Managing Director, (Chennai & Coimbatore), Head – Residential Services, India, JLL said.

The diverse options for homebuyers across segments drive a strong homebuying sentiment, thus bringing stability back in the market. Bengaluru had the highest new launches with 27,055 units, 32% up by YoY. Followed by Delhi-NCR, which logs 64% Year-on-Year growth, the city records 45% of the overall quarterly launches, JLL reports.

Homes in the Budget Bracket Rs. 1.5 Cr – Rs. 3 Cr witness High Sales

Comfort is clearly the priority for Indian families as premium homes remain in high demand in Q1, 2026. In comparison to Q1, 2025, where figures for the same stood at 59% jump 30% to 71 percent of total sales this time.

A sturdy demand for premium homes in coveted localities in the country reflects a preference for voluminous homes integrated with amenities.
The home in the price bracket of Rs. 1.5 Crore – Rs. 3 Crore witnessed an exceptional YoY increase. On the contrary, the below Rs. 1 Crore segment stands at contradicting 24% year-on-year. It explains a sharp decline from 41% to 29%.    

The factors beneath slow-movement includes increasing land and construction cost. Also, the limited supply of affordable housing in urban areas is a considerable factor. Following this, developers’ aim to introduce high-margin projects which also shifts homebuyers' attention from regular homes to properties with amenities, the report exhibits.