New Delhi, June 25 -- India's housing market is shifting from a volume-led growth cycle to a price-driven premiumisation phase, with a moderation in housing price growth expected in CY26, says Nuvama.

According to the report, housing sales value in May 2026 rose 17 per cent YoY and 2 per cent MoM, with southern cities recording the strongest annual growth, while sales volumes grew 6 per cent YoY.

On a YTD CY26 basis, "housing demand by value surged 13 per cent YoY, led by Bengaluru (+39% YoY) and Chennai (+26% YoY). Absorption in Kolkata and the MMR increased 11-13% YoY, while other major cities posted growth of 4-8% YoY."

Meanwhile, "Launches by value declined 18% YoY/12% MoM in May-26, falling across all cities, except Hyderabad," th...