Infrastructure Corridors Drive India’s Housing Market as Kolkata, Noida andGreater Noida Outperform Mature Metros: Magicbricks PropIndex Report

New Delhi, July 8, 2026/ newswirenetwork.com : India’s residential market is entering a new phase where
infrastructure, affordability and connectivity—not simply metro status—are determining
where residential demand is growing. According to Magicbricks PropIndex Report between
April and June 2026, the residential demand dropped 1.2% quarter-on-quarter (QoQ).
However, Kolkata, Noida, Greater Noida and Pune continued to attract stronger homebuyer
interest, signalling an increasingly selective housing market.

Among 13 cities mentioned in the report, Kolkata recorded the strongest demand growth at
7.5% QoQ, followed by Noida (5.5%), Greater Noida (4.1%) and Pune (2.1%). In contrast,
demand moderated across several established metropolitan markets, including Hyderabad
(-6%), Chennai (-5.8%), New Delhi (-2.9%) and Bengaluru (-1.8%), while Mumbai (+0.6%)
remained broadly stable. The trend indicates that homebuyers are increasingly gravitating
towards markets offering a stronger balance of affordability, connectivity, housing choice
and long-term value.

The supply side also reflected this emerging divide. National residential supply increased by
1.2% QoQ, led by Bengaluru (+3.7%), Gurugram (+3.1%), Hyderabad (+2.9%) and Kolkata
(+1.7%). However, Noida (-0.6%) and Pune (-0.9%) witnessed comparatively lower supply
additions despite recording some of the country’s strongest demand growth, suggesting
healthy inventory absorption and improving market fundamentals.

Residential prices remained resilient across India, rising 1% QoQ nationally. Greater Noida
emerged as India’s fastest-appreciating major residential market, recording 1.9% QoQ price
growth, highlighting how infrastructure investments are translating into stronger residential
demand and capital appreciation. Kolkata recorded a healthy 1% QoQ increase, while Noida
and Pune maintained stable pricing despite rising buyer demand, reinforcing their
affordability advantage. Meanwhile, Hyderabad (+2.4%), Bengaluru (+1.9%) and Gurugram
(+1.8%) continued to witness price appreciation even as demand softened, reflecting
sustained long-term developer confidence in these markets.

Prasun Kumar, CMO, Magicbricks, said, “India’s residential market is becoming increasingly
selective rather than cyclical. Homebuyers today are choosing infrastructure ecosystems as
much as cities. Markets with stronger connectivity, employment opportunities and
affordable housing are attracting greater buyer interest, even as overall market activity
moderates. Greater Noida exemplifies this shift. With the upcoming Noida International
Airport and expanding expressway network, the region is evolving into a self-sustaining
economic corridor rather than just an extension of Delhi NCR. As this trend strengthens,
residential growth will become increasingly concentrated in markets where infrastructure
translates into everyday livability and long-term economic opportunity.”

Further, the report also highlighted, 2 BHK homes accounted for 42% of demand, followed
by 3 BHK homes at 37%, together making up close to 79% of buyer interest. On the supply
side, developers continued to prioritise larger homes, with 3 BHK units accounting for 46%
of available inventory.

Magicbricks is India’s No.1 property site
As the largest platform for buyers and sellers of property to connect in a transparent
manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15
lakh property listings. Magicbricks has metamorphosed into a full stack service provider for
all real estate needs, with services including home loans, interiors, and expert advice.
With 17+ years of experience and deep research-based knowledge, Magicbricks also
presents a repertoire of insight-driven platforms like MBTV—India’s leading online real
estate YouTube channel—and other proprietary tools so that home buyers can access all
information related to price trends, forecasts, and locality reviews.

For more details, contact:
Niloy Mahalanabish | Chief Manager – Public Relations, Magicbricks |
niloy.mahalanabish@magicbricks.com | 9873304694
Chetna Sadadekar | Sr. Manager – Public Relations, Dentsu Creative |
chetna.sadadekar@dentsu.com | 9773406872