There was some pricing power on show in FY26: sales value was 16% higher at Rs 9.33 lakh crore while the unit count inched down 1%. We also saw more fresh launches, which has only added to the unsold numbers. According to figures from Liases Foras put out on May 25, 2026, it’s a sign of a move to the premium end of the spectrum as things get more competitive.
Value up, volumes flat
Liases Foras has the numbers: in 2025-26, the transaction value in 75 cities came in at Rs 9,32,965 crore. Units sold were 7,09,793, a slight step back from 7,19,029. Toss in a 3% nudge in the housing price index and you have a story of better realisations on each unit.
Supply is another matter. New inventory in these markets is up 10% to 6,20,842, so it’s ahead of where demand is. The firm puts unsold stock at about 12 lakh, a 13% increase. When value is going up but not volume, it’s a fair bet that developers are making room for the pricier homes.
City dynamics reshape the leaderboard
MMR is still the lynchpin, with 23.7% of pan-India sales and a 4% gain over last year. You’ll see branded names and lenders with an eye on steady absorption putting MMR front and centre in their plans.
Then you have Bengaluru in second place, 9.9% of the national market, a testament to its status as a tech hub. Pune is a different story; for all its marketable supply, it’s seen a 25% fall in annual sales year-on-year. The momentum in the metros is anything but uniform.
If you look at the top eight, total sales in FY26 were 5,07,850, down from 5,09,211. Tier II-III cities have cooled off too, with 2,01,943 units sold against 2,09,818 before, so there’s a certain wariness away from the big urban centres.
What the numbers signal for strategy
When you have a 16% value jump and no change in volume, it means the buyer is after something with a heftier price tag or a bigger floor plan. The 3% in the price index bears that out, though the build-up in supply is a risk for any developer to manage.
A few points for those in the market:
– A 13% tick up in what’s left on the shelf for developers.
– 6,20,842 new units to be put on the market, and they need to be timed right.
– With the index up 3%, you have to be disciplined on price.
– MMR is where you want to be, with its 23.7% of the pie.
Supply, competition, and risk
It’s a crowded space. Liases Foras has close to 18,000 developers in the 75 cities we’re looking at. As new supply comes in, you can expect the push to turn an enquiry into a booking to get stiffer, in some of the softer cities at least.
The firm put it this way: ‘housing sales across 75+ cities are staying largely flat despite economic concerns, while new housing supply surged nearly 10 per cent year-on-year.’ That 12-lakh-unit pile-up is why you need to make sure your product is a good fit for the market and stands out.
Data source and timeline
This is from an assessment by Liases Foras Real Estate Rating & Research Pvt Ltd of 75 housing markets for 2025-26. They made the data public on May 25, 2026. What it shows is a market with MMR in the lead, where value is growing faster than the unit count, and some mixed results in the rest of the country.
We’ll have to see how fast the new supply is taken up and if the appetite for the premium holds. The scoreboard for FY26 is plain to read: the larger ticket size has done the heavy lifting for sales value, but stock is on the rise and you can see the divide in how the cities are performing.
