38 of 50 Markets Grow; Gurugram Tops at 5.9%
eXp Realty India reports 76% of 50 housing markets posted sustained quarterly growth in early 2026, led by Gurugram, Navi Mumbai and Greater Noida.
"eXp Realty India reports 76% of 50 housing markets posted sustained quarterly growth in early 2026, led by Gurugram, Navi Mumbai and Greater Noida."
India’s residential real estate market has entered 2026 on a strong and stable note. According to the latest Residential Price Monitor Report released on February 27, 2026 by eXp Realty India, 38 out of 50 major housing markets across the country recorded sustained average quarterly price growth over the past year. The report focuses on consistent growth trends rather than short term spikes, offering a clearer view of the sector’s real momentum.
Out of the 50 cities surveyed, 76 percent reported positive quarterly price appreciation. Four markets remained stable with no noticeable change, reflecting balanced demand and supply conditions. Only eight markets registered a mild decline, and even these were largely attributed to localized supply side pressures rather than structural weaknesses. This broad based performance signals that growth is no longer limited to Tier I metros but is spreading to peripheral and emerging urban centers, driven by infrastructure upgrades, job creation and steady urban migration.
Among all cities, Gurugram emerged as the clear leader, posting a remarkable 5.9 percent average quarterly growth rate. The city’s performance has been powered by strong corporate hiring, high end residential demand from professionals and HNIs, and transformative infrastructure projects such as the Dwarka Expressway and UER II corridor. The steady launch of premium and luxury housing in high demand micro markets has further strengthened price appreciation.
Close behind was Navi Mumbai at 5.8 percent growth. Improved connectivity, particularly due to the Mumbai Trans Harbour Link, along with planned satellite townships and expanding social infrastructure, has elevated its appeal among both end users and investors. Similarly, Greater Noida recorded 5.3 percent growth, supported by its relative affordability within NCR and the upcoming Jewar International Airport, which is reshaping buyer sentiment and long term investment outlook.
Eastern and northern markets also showed resilience. Bhubaneswar and Noida both registered 4.9 percent growth, underlining how infrastructure development and improved connectivity are unlocking fresh residential demand in emerging hubs. Expressways, metro expansions and airport developments continue to be key catalysts for appreciation.
On the other hand, declines were limited and not alarming. Kochi recorded the steepest dip at negative 2 percent, largely due to oversupply in select segments. Raipur saw a marginal decline of 0.9 percent, while small corrections were noted in pockets of Kanpur, Guwahati, central Delhi and New Town Kolkata.
Industry experts emphasize that these findings highlight long term stability rather than volatility. The data suggests a mature, demand driven housing market supported by infrastructure investment, rising incomes and urban expansion. For buyers and investors, growth corridors in Gurugram, Navi Mumbai and Greater Noida offer compelling opportunities, provided decisions are guided by fundamentals, connectivity and sustained demand rather than short term speculation.