India's residential real estate market commenced 2026 on a strong note, as revealed in the latest PropIndex report by Magicbricks. The report highlighted a 10.1% year-on-year increase in active property supply, reaching 110,821 listings, while average residential prices surged 14.1% to ₹14,633 per square foot. Despite a 2.2% quarterly dip in demand, it remained 1.5% higher compared to the same period last year, suggesting that seasonal factors influenced the slowdown. Prasun Kumar, chief marketing officer of Magicbricks, noted that the market is transitioning into a more balanced phase, with sustained developer confidence and a shift towards premium housing. Demand trends varied across cities, with Ahmedabad showing resilience and a 2.7% increase in demand, while cities like Noida and Chennai experienced sharper declines. The preference for mid-sized homes continues, with 42% of demand for two-bedroom units and 37% for three-bedroom homes, reflecting evolving lifestyle needs. Overall, the market's fundamentals remain strong, indicating a positive outlook for future growth.