Rising Apartment Prices Reflect Strong Market Dynamics in India

JLL India reports an 8-20% rise in apartment prices across seven major cities, due to increased input costs. Sales climbed 8% to 70,631 units, with supply up 13%. High-end apartment sales surged, while budget options declined. Developers are benefiting from shifting buyer preferences for reputable brands.

In a significant development for the Indian real estate sector, JLL India has reported that apartment prices in seven major cities experienced an 8-20% increase during the first quarter of 2026. This surge in prices has been attributed mainly to rising land and construction costs.

Data from JLL highlights that apartment sales rose by 8% to 70,631 units in these cities, compared to the same period last year. New apartment supply also increased by 13% to 90,023 units. The seven cities included in the report are Delhi-NCR, Mumbai, Bengaluru, Pune, Chennai, Hyderabad, and Kolkata.

While high-end apartments are in demand, with sales increasing 30% for units priced above Rs 1 crore, demand for budget apartments under Rs 50 lakh dropped by 24%. JLL noted that the market is in a transitional phase with buyers showing more discretion amid economic uncertainties.