{
  "id": 2537928,
  "title": "Real estate prices rise 6% in Q1 FY27, led by Delhi, Noida & Chennai: Report",
  "url": "https://urgent.news/2026/08/22/real-estate-prices-rise-6-in-q1-fy27-led-by-delhi-noida-chennai-report",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-22T07:31:57.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/real-estate/news/real-estate-prices-rise-6-in-q1-fy27-led-by-delhi-noida-chennai-greater-noida-report/articleshow/133419780.cms"
  },
  "original_language": "en",
  "account": "India's real estate market experienced a 6% year-on-year price increase in Q1 FY27, driven primarily by markets in New Delhi, Noida, Chennai, Greater Noida, and Bengaluru, according to a Kotak Institutional Equities report. Despite the price surge, residential sales volume only grew by 3% YoY, falling short of the 9% YoY increase in sales value, driven by higher pricing. Average realization per square foot rose to Rs 9,629, a 6% YoY jump, but a 2% decrease from the previous quarter. The overall residential sales value across India reached 247 million sq ft, marking a 3% YoY increase but a 3% decline from the prior quarter. The National Capital Region (NCR) saw a significant slowdown, with sales dropping 27% YoY and 8% sequentially to 23.5 million sq ft, while new launches decreased to 21.2 million sq ft. In contrast, the Mumbai Metropolitan Region expanded to 41.5 million sq ft, bolstered by 33.8 million sq ft of new launches. Bengaluru and Hyderabad reported strong sales of 30.7 million sq ft and 34.3 million sq ft, respectively, fueled by 55.5 million sq ft of new projects. The report highlighted that Bengaluru and Gurgaon have shown stronger price growth over recent years, contributing to higher average realizations. However, it pointed out that the industry's recent growth has primarily been fueled by rising prices rather than a substantial increase in volumes. Sustained volume recovery would provide more robust evidence of genuine demand strength. Unsold housing inventory across India climbed sequentially to 1.8 billion sq ft by June 2026, equivalent to approximately 1.9 years of trailing 12-month sales. Despite three years of range-bound industry volumes, major developers continue to expand through geographical diversification and enhanced market share.",
  "summary": "Real estate prices rise 6% in Q1 FY27, led by Delhi, Noida, Chennai, Greater Noida",
  "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."
}