CRE Matrix and NAR India put primary housing sales across India’s Tier-1 markets at ₹3.63 lakh crore in the first half of 2026, covering about 2.58 lakh units. The report summary also gives an average ticket size of ₹1.41 crore. These are measures of market activity and transaction mix; they are not a national home-price index.
What the September report measures
The India Housing Report – September 2026, released by CRE Matrix and the National Association of Realtors–India, describes the Tier-1 housing market in H1 CY26. Its public summary reports ₹3.63 lakh crore in primary sales value, approximately 2.58 lakh units and a ₹1.41 crore average ticket size. It also says Mumbai Metropolitan Region accounted for 26% of national sales value and overtook Delhi-NCR by that measure.
The geography and measure matter. “Tier-1” is the report’s coverage, not every Indian residential transaction. Primary-market sales are not the same as resale deals, completed inventory, unsold stock or registered sale-deed counts.
Why sales value is not a price forecast
A total sales value changes with both the number of homes sold and the value mix of those homes. The reported average ticket is an aggregate, not a quote for a typical unit in every city. A rise in market value alone cannot show whether a particular locality’s like-for-like prices rose, whether more units sold, or whether the mix shifted toward higher-ticket homes.
That distinction helps prevent a national headline from doing too much work in a household budget. The Colliers homebuying survey reviewed by BestProp.ai measures respondent preferences and concerns; it answers a different question from CRE Matrix’s reported transaction totals.
How to use the number in a home search
Treat the report as a market-level context point. For a purchase decision, compare the city and micro-market, unit size, age or construction stage, and total cost of the specific homes under consideration. Ask whether a local source measures prices, bookings, launches or registrations before comparing its number with sales value.
Does ₹3.63 lakh crore mean Indian home prices rose by that amount?
No. It is the reported value of primary housing sales in the report’s Tier-1 coverage during H1 CY26. It is not a percentage price increase.
Is ₹1.41 crore a recommended budget for a home?
No. It is the report’s average ticket size. The public summary does not make it a city-level affordability threshold or a quote for any particular unit.
Sources and limits
The CRE Matrix and NAR India report page was published on 25 September 2026. Its public summary reports sales value, units, average ticket size and MMR’s value share. The underlying full report should be consulted for detailed city definitions and comparison periods. BestProp.ai does not infer neighbourhood price changes from these national aggregates.
BestProp.ai buyer read: ₹3.63 lakh crore is useful scale, but a household still needs local price and unit evidence before treating it as a budget signal.