Property prices rise across 15 Indian cities in H1 2026: Faridabad, Delhi lead with 18% growth
Ghaziabad witnessed a 15% annual rise in property prices. Prices increased another 13% over the preceding six months, highlighting strong appreciation across the NCR market
- Sep 12, 2026,
- Updated Sep 12, 2026 1:15 AM IST
India’s residential real estate market remained resilient in the first half of 2026, even as overall housing sales stayed broadly flat. According to the H1 2026 data cited by Trade Brains, homebuyers purchased 1,71,471 homes across eight major cities, around 1% higher than the same period last year, acoording to Trade Brains.
Despite relatively modest sales growth, property prices increased across all 15 cities tracked in the report. Two North Indian cities, Faridabad and Delhi, recorded the highest annual price growth of 18%.
READ THIS: Commercial real estate emerges as a credit hotspot despite higher risk weights: Report
Here are the 15 Indian cities where property prices rose the most in H1 2026:
Faridabad -18% Growth
Faridabad recorded an 18% annual increase in property prices, making it one of the fastest-growing residential markets in India. Prices also climbed 14% in just the first six months of 2026.
Delhi -18% Growth
Delhi matched Faridabad with 18% annual price growth. The city recorded the sharpest six-month increase among the markets covered, with prices rising 16%. The average property price stood at around ₹26,027 per sq metre.
Ghaziabad -15% Growth
Ghaziabad witnessed a 15% annual rise in property prices. Prices increased another 13% over the preceding six months, highlighting strong appreciation across the NCR market.
Bengaluru - 9% Growth
Bengaluru recorded 9% annual property-price growth, the strongest among the major southern cities. Housing sales also increased 5% year-on-year, with demand supported in part by the city’s technology sector.
Noida - 8% Growth
Noida registered an 8% annual increase in property prices, while prices rose 4% over six months. The report noted that premium-priced housing inventory has been selling strongly in the NCR market.
Hyderabad - 7% Growth
Hyderabad recorded 7% annual growth in property prices. Housing sales increased only 1%, while new launches declined 2%, indicating a relatively cautious market.
Gurugram - 6% Growth
Property prices in Gurugram rose 6% annually. With an average price of ₹18,354 per sq metre, it remained one of the more expensive residential markets in the NCR.
Greater Noida - 6% Growth
Greater Noida also recorded 6% annual growth. Prices increased 2% during the first six months of 2026, broadly following the steady appreciation seen across NCR.
Chennai - 5% Growth
Chennai registered 5% annual property-price growth. Housing sales grew by around 2% to 3% year-on-year, while the city had one of the fastest inventory-clearance rates among the major markets.
Mumbai - 5% Growth
Mumbai recorded 5% annual growth, with average property prices reaching ₹36,881 per sq metre. It remained India's largest housing market by sales volume, with 47,355 homes sold during the period.
Pune - 5% Growth
Pune saw property prices rise 5% annually. The city stood out for its supply growth, with new housing launches increasing 17% year-on-year the fastest increase among the major markets covered.
Kolkata - 5% Growth
Kolkata recorded 5% annual growth in property prices, with the average price at around ₹5,942 per sq metre. Housing sales increased by roughly 2% to 3%, even as new launches declined 5%.
Thane - 4% Growth
Thane recorded a 4% annual rise in property prices. With an average price of ₹14,948 per sq metre, the city remained a comparatively more affordable option within the Mumbai metropolitan region.
ALSO READ: M3M beats real estate giant DLF in ₹1,850 crore Noida land auction
Ahmedabad - 3% Growth
Ahmedabad recorded 3% annual property-price growth, with average prices at around ₹4,826 per sq metre. However, the city had the slowest inventory-clearance rate among the eight major markets tracked.
Navi Mumbai - 3% Growth
Navi Mumbai recorded 3% annual growth, the lowest among the 15 cities in the report. Prices also increased 3% during the preceding six months, with the average property price at around ₹13,788 per sq metre.
Why are property prices rising?
The increase in property prices comes despite relatively slow growth in housing sales. One major factor is the rising share of expensive homes in total sales. Homes priced above ₹1 crore accounted for 54% of sales, up from 49% a year earlier.
Developers have also generally avoided cutting headline property prices. Instead, they have increasingly used incentives such as flexible payment plans, stamp-duty waivers and subvention schemes to attract buyers.
India’s residential real estate market remained resilient in the first half of 2026, even as overall housing sales stayed broadly flat. According to the H1 2026 data cited by Trade Brains, homebuyers purchased 1,71,471 homes across eight major cities, around 1% higher than the same period last year, acoording to Trade Brains.
Despite relatively modest sales growth, property prices increased across all 15 cities tracked in the report. Two North Indian cities, Faridabad and Delhi, recorded the highest annual price growth of 18%.
READ THIS: Commercial real estate emerges as a credit hotspot despite higher risk weights: Report
Here are the 15 Indian cities where property prices rose the most in H1 2026:
Faridabad -18% Growth
Faridabad recorded an 18% annual increase in property prices, making it one of the fastest-growing residential markets in India. Prices also climbed 14% in just the first six months of 2026.
Delhi -18% Growth
Delhi matched Faridabad with 18% annual price growth. The city recorded the sharpest six-month increase among the markets covered, with prices rising 16%. The average property price stood at around ₹26,027 per sq metre.
Ghaziabad -15% Growth
Ghaziabad witnessed a 15% annual rise in property prices. Prices increased another 13% over the preceding six months, highlighting strong appreciation across the NCR market.
Bengaluru - 9% Growth
Bengaluru recorded 9% annual property-price growth, the strongest among the major southern cities. Housing sales also increased 5% year-on-year, with demand supported in part by the city’s technology sector.
Noida - 8% Growth
Noida registered an 8% annual increase in property prices, while prices rose 4% over six months. The report noted that premium-priced housing inventory has been selling strongly in the NCR market.
Hyderabad - 7% Growth
Hyderabad recorded 7% annual growth in property prices. Housing sales increased only 1%, while new launches declined 2%, indicating a relatively cautious market.
Gurugram - 6% Growth
Property prices in Gurugram rose 6% annually. With an average price of ₹18,354 per sq metre, it remained one of the more expensive residential markets in the NCR.
Greater Noida - 6% Growth
Greater Noida also recorded 6% annual growth. Prices increased 2% during the first six months of 2026, broadly following the steady appreciation seen across NCR.
Chennai - 5% Growth
Chennai registered 5% annual property-price growth. Housing sales grew by around 2% to 3% year-on-year, while the city had one of the fastest inventory-clearance rates among the major markets.
Mumbai - 5% Growth
Mumbai recorded 5% annual growth, with average property prices reaching ₹36,881 per sq metre. It remained India's largest housing market by sales volume, with 47,355 homes sold during the period.
Pune - 5% Growth
Pune saw property prices rise 5% annually. The city stood out for its supply growth, with new housing launches increasing 17% year-on-year the fastest increase among the major markets covered.
Kolkata - 5% Growth
Kolkata recorded 5% annual growth in property prices, with the average price at around ₹5,942 per sq metre. Housing sales increased by roughly 2% to 3%, even as new launches declined 5%.
Thane - 4% Growth
Thane recorded a 4% annual rise in property prices. With an average price of ₹14,948 per sq metre, the city remained a comparatively more affordable option within the Mumbai metropolitan region.
ALSO READ: M3M beats real estate giant DLF in ₹1,850 crore Noida land auction
Ahmedabad - 3% Growth
Ahmedabad recorded 3% annual property-price growth, with average prices at around ₹4,826 per sq metre. However, the city had the slowest inventory-clearance rate among the eight major markets tracked.
Navi Mumbai - 3% Growth
Navi Mumbai recorded 3% annual growth, the lowest among the 15 cities in the report. Prices also increased 3% during the preceding six months, with the average property price at around ₹13,788 per sq metre.
Why are property prices rising?
The increase in property prices comes despite relatively slow growth in housing sales. One major factor is the rising share of expensive homes in total sales. Homes priced above ₹1 crore accounted for 54% of sales, up from 49% a year earlier.
Developers have also generally avoided cutting headline property prices. Instead, they have increasingly used incentives such as flexible payment plans, stamp-duty waivers and subvention schemes to attract buyers.