India's residential real estate stays resilient as RBI holds rates, Mumbai luxury sales hit record

The Reserve Bank of India kept its repo rate unchanged at 5.25%, a move described by Abhishek Trehan, Executive Director of Trehan IRIS, as “largely expected” and supportive of market stability. ANAROCK Research reported that new residential launches rose 7% year‑on‑year, with sales in the top seven Indian cities reaching about 90,715 units in Q2 2026, indicating continued end‑user demand despite global uncertainties.

In Mumbai, luxury housing achieved a record half‑yearly transaction value of Rs 18,512 crore in H1 2026, according to a joint report by India Sotheby's International Realty and CRE Matrix. The market saw 957 luxury homes sold, a 26% increase from the previous year, with strong performance in the Rs 10‑40 crore segment. Sudershan Sharma, Executive Director of India Sotheby's International Realty, said the first half of 2026 “signals Mumbai's luxury housing market as one of India's most resilient.” While growth is expected to moderate due to the high base and cautious economic outlook, the sector remains a key indicator of high‑net‑worth investor confidence.