Mumbai : India’s residential market is becoming increasingly segmented, with homebuyer preferences evolving across affordability, premiumisation and luxury. The latest Magicbricks PropIndex (April–June 2026) highlights a market where developers are responding to changing lifestyle aspirations, while demand continues to be shaped by affordability and regional economic growth.
The report finds that 3 BHK homes account for 46% of the active housing supply, indicating developers’ continued confidence in the demand for larger family homes. As homebuyers increasingly seek more space for hybrid work, multi-generational living and improved quality of life, larger configurations continue to remain the preferred choice across several key markets.
At the same time, affordability continues to drive housing demand in several emerging markets. Cities such as Kolkata, Ahmedabad, Pune and Greater Noida continue to witness the highest preference for homes priced below INR 75 lakh, highlighting the sustained importance of value-driven housing in these locations.
The report also points to the growing spread of premium housing beyond traditional luxury markets. Demand for homes priced between INR 1.5 crore and INR 3 crore is strengthening across Bengaluru, Hyderabad, Gurugram and Noida, reflecting rising household incomes, evolving lifestyle aspirations and the expanding influence of India’s major business and technology hubs.
Luxury housing, however, remains concentrated in Mumbai, Gurugram and New Delhi, reaffirming these cities’ position as the country’s primary markets for ultra-premium residential demand.
Overall, the findings suggest that while affordable housing continues to anchor demand across several cities, India’s residential market is witnessing a gradual shift towards larger homes and premium living, resulting in increasingly distinct regional housing trends.