Gurugram retained its position as the largest residential market in Delhi-NCR during the first half of 2026, accounting for 50 per cent of new residential launches and 42 per cent of total home sales, while Noida and Greater Noida consolidated their position as the region’s second-largest housing market with 35 per cent of total sales and 28 per cent of new launches, according to Knight Frank India’s Real Estate: Office & Residential Market – H1 2026 report.

The report said Delhi-NCR recorded 24,862 residential sales and 23,877 new residential launches during the January-June 2026 period. Residential sales declined 7 per cent year-on-year, while new launches were down 5 per cent compared with the corresponding period last year.

According to Knight Frank, Noida and Greater Noida’s strong performance reflects sustained demand for premium residential developments. Highlighting key projects launched during the period, the report noted that prominent launches in Noida included  Max Estates 105, Bhutani 18 and Experion Saatori, alongside Godrej Arden, Sobha Rivana, Eldeco Echoes of Eden and other developments in Greater Noida.

The report also observed that developers continued to focus on the premium housing segment, with a significant share of new launches priced above ₹1 crore, particularly in the ₹2 crore-₹5 crore price bracket, reflecting continued demand for higher-value homes across the National Capital Region.

Despite moderation in overall market activity, inventory levels remained broadly stable. Unsold housing inventory in Delhi-NCR stood at 103,984 units at the end of H1 2026, down 1 per cent year-on-year. The market recorded 7.9 quarters to sell, while the average age of unsold inventory stood at 11.5 quarters, indicating a relatively balanced demand-supply environment.

Looking ahead, Knight Frank said the second half of 2026 will be an important period for the residential market as global developments and domestic economic fundamentals influence homebuyer sentiment. The report noted that premium housing continues to demonstrate resilience, with developers maintaining pricing discipline while closely monitoring the evolving demand-supply balance.