India housing launches jump 32% in Q3 2026

Housing launches across six metro cities rose 32 per cent year on year to 69,718 units in the third quarter of 2026, according to NoBroker's Q3 2026 India Residential Real Estate Report. Housing demand grew 7 per cent in the same period, the strongest rise this year, the report said. The numbers show supply rising faster than demand, with the pattern differing sharply from city to city.

Pune and MMR drive housing launches

Pune accounted for much of the increase in housing launches, with 16,192 units launched across 237 projects. That is a 643 per cent rise on a year earlier, though the report puts much of the jump down to a weak base in 2025 and developers bringing held-back projects to market before this year's festive season. The Mumbai Metropolitan Region recorded 20,762 new units across 212 projects, up 198 per cent year on year, against a low base of 6,967 units in the third quarter of 2025.

Chennai followed with housing launches up 59 per cent to 6,763 units, its highest quarterly figure of the year. Bengaluru went the other way, with launches down 12 per cent to 15,180 units. The National Capital Region fell 23 per cent to 7,177 units, and Hyderabad saw the steepest contraction of all, with launches down 72 per cent.

The six-city picture hides wide gaps. Pune's 643 per cent growth in housing launches and the Mumbai Metropolitan Region's 198 per cent rise sit next to Hyderabad's 72 per cent fall, a spread that shows how little a single national figure says about any one city. Buyers in Pune now face a far wider set of new projects than a year ago, while buyers in Hyderabad face a thinner pipeline.

Housing launches outpace demand in some cities

The contrast between cities shows how local supply conditions, pricing and buyer affordability shape each market. Bengaluru's mix of rising housing demand, falling launches and higher prices points to tighter supply, the report suggests. Pune and the Mumbai Metropolitan Region, where launches surged, saw more moderate price growth alongside the new homes.

Residential supply is now meeting stronger demand in some cities while affordability stays a concern in others. Cautious developers continue to weigh on markets where launches fell, the report said, even as the overall launch pipeline grew. The six-city total of 69,718 housing launches is the clearest sign yet this year that builders are bringing more homes to market.

The NoBroker report also notes that the third quarter's demand growth of 7 per cent is the strongest this year, even though it trails the 32 per cent rise in launches. That gap matters because a pipeline growing faster than sales can leave builders holding stock for longer.

What housing launches mean for the fourth quarter

As the market enters the fourth quarter, the report expects Pune and the Mumbai Metropolitan Region to stay active, while Bengaluru could face supply constraints. For buyers, the growth in residential supply means more choice in the two western markets, while housing demand in Bengaluru keeps running ahead of new homes.

The quarter's city figures close with Pune at 16,192 launches, the Mumbai Metropolitan Region at 20,762, Chennai at 6,763, Bengaluru at 15,180 and the National Capital Region at 7,177, with Hyderabad the weakest of the six. The report covers six metro cities.