India’s residential real estate market is witnessing a clear shift in supply towards larger and premium homes, even as affordable housing continues to dominate buyer demand across several key cities, according to the latest Magicbricks PropIndex for April–June 2026.
The report shows that 3 BHK apartments account for 46% of the active housing inventory, significantly higher than the 32% share of 2 BHK homes. The trend reflects developers’ confidence in the growing demand for spacious homes, driven by changing lifestyles, hybrid work arrangements and the need for additional space for multi-generational families.
However, buyer preferences continue to be shaped by affordability. While 3 BHK homes dominate the available supply, 2 BHK units remain the most sought-after, accounting for 42% of buyer demand, followed by 3 BHK homes at 37%. Mid-sized homes ranging between 750 sq ft and 2,000 sq ft represent nearly 70% of overall housing demand.
The report highlights that homebuyers in Kolkata, Ahmedabad, Pune and Greater Noida continue to favour properties priced below ₹75 lakh. These cities remain attractive due to relatively affordable prices, improving infrastructure and expanding employment opportunities, making them popular among first-time buyers and end users.
At the same time, demand for premium homes priced between ₹1.5 crore and ₹3 crore is strengthening in Bengaluru, Hyderabad, Gurugram and Noida. The growing interest is being fuelled by rising incomes, changing lifestyle aspirations and the continued expansion of India’s technology and business hubs.
Luxury housing, meanwhile, remains concentrated in Mumbai, Gurugram and New Delhi, reinforcing their position as the country’s leading markets for ultra-premium residential properties.
On a national level, residential demand declined marginally by around 1% during the April–June 2026 quarter compared to the previous quarter. Despite this, housing supply increased by 1.2%, while average residential prices rose by nearly 1%, indicating that developers continue to launch new projects even as buyers become more selective.
The report also points to varying trends across cities. Kolkata recorded the highest quarter-on-quarter growth in buyer demand at 7.5%, followed by Noida (5.5%), Greater Noida (4.1%) and Pune (2.1%). In contrast, buyer enquiries softened in Hyderabad, Chennai and Bengaluru, although property prices continued to appreciate in several of these markets.
The findings suggest that while developers are increasingly focusing on larger and premium homes, affordability remains the key factor influencing purchasing decisions in many parts of the country.
Source: Business Standard
