{
  "id": 2339432,
  "title": "All-India Housing Prices Rise 6% YoY In Q1 FY27, Led By Key Markets: Kotak",
  "url": "https://urgent.news/2026/08/21/all-india-housing-prices-rise-6-yoy-in-q1-fy27-led-by-key-markets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T07:47:57.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/all-india-housing-prices-rise-6-yoy-in-q1-fy27-led-by-key-markets-kotak"
  },
  "original_language": "en",
  "account": "According to a research report by Kotak Institutional Equities, real estate prices in India increased by 6% year-over-year in the first quarter of FY27, with New Delhi, Noida, Chennai, Greater Noida, and Bengaluru leading the growth. Most projects in Bengaluru and Gurugram experienced higher price compound annual growth rates (CAGR), contributing to overall real estate realization across major micro-markets. Mumbai luxury homes even outpaced Singapore, with prices rising 1.4% in H1 2026. The average realization rose to Rs 9,629 per square foot, with a 6% YoY increase, while sales value grew by 9% YoY, offsetting the impact of lower volumes. However, residential sales remained modest at 247 million square feet, marking a 3% YoY increase but a 3% sequential decline. New project launches contracted to 242 million square feet, down 14% YoY and 16% QoQ. Sales volumes improved in other prominent markets, such as MMR, Bengaluru, and Hyderabad, which saw significant new project launches. Despite the growth in prices, unsold inventory in absolute terms increased sequentially in Bengaluru, Hyderabad, and the NCR, with total unsold inventory across India standing at 1.8 billion square feet as of June 2026, enough for approximately 1.9 years of trailing 12-month sales.",
  "summary": "New Delhi: Real estate prices grew 6 per cent YoY at all India-level in first quarter of the Financial Year 2027, led by New Delhi, Noida, Chennai, Greater Noida and Bengaluru, according to a research report by Kotak Institutional Equities. The report noted that most projects in Bengaluru and Gurgaon saw higher price compound annual growth rate (CAGR) over the past few years, helping lift overall…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}