Pune Leads India’s Housing Boom as Residential Launches Rise 4% in H1 2026
Pune Leads India’s Housing Boom as Residential Launches Rise 4% in H1 2026
10 July, 2026: India’s residential real estate market witnessed steady growth in the first half of 2026, with new housing launches increasing by 4% year-on-year. According to a Knight Frank India report, developers launched nearly 1.87 lakh homes between January and June, with Pune and Mumbai emerging as the country’s strongest-performing housing markets.
Pune recorded the highest growth among major cities, with new residential project launches rising by 17% compared to the same period last year. Mumbai also posted healthy growth, registering an 8% increase in new housing supply.
The report highlighted that premium homes, priced at ₹1 crore and above, accounted for more than 60% of all new launches. Developers continued to focus on the premium segment, driven by sustained demand from homebuyers, while affordable housing launches remained relatively limited.
In contrast, cities including the National Capital Region (NCR), Hyderabad and Kolkata saw a decline in new project launches. NCR also reported a 7% drop in housing sales, while Kolkata managed a modest 3% increase in sales despite fewer new launches.
Knight Frank India Chairman and Managing Director Shishir Baijal said the country’s residential market is becoming more mature, with premium housing continuing to drive growth. He noted that developers are maintaining pricing discipline while operating in a more stable regulatory environment.
A separate report by JLL also pointed to Mumbai’s improving infrastructure as a major growth driver. Projects such as the Coastal Road are boosting residential development, with suburbs like Malad and Borivali attracting buyers looking for larger homes and better connectivity, alongside established luxury locations such as Worli.
JLL estimates that 75 to 80 redevelopment projects along Mumbai’s coastline, valued at around ₹6,000 crore and comprising over 250 residential units, are expected to be launched over the next eight to nine quarters.
The reports indicate that strong demand for premium housing, improving infrastructure and stable market conditions are expected to keep Pune and Mumbai at the forefront of India’s residential real estate growth.
