Research

Market Intelligence — October 2026 Update

Information checked on 21 October 2026. This is an October 2026 update, not a full-quarter report.

General information only. This is not a recommendation to buy or sell any specific property, and not a forecast or guarantee of prices, rental income or returns.

Interest rates

At its meeting of 5–7 October 2026, the RBI Monetary Policy Committee voted unanimously to raise the policy repo rate by 25 basis points to 5.50%. The SDF rate is now 5.25%, and the MSF rate and Bank Rate are 5.75%. The stance changed to "calibrated tightening", with two members preferring neutral. The RBI projects FY2026-27 CPI inflation at 5.2% and real GDP growth at 7.1%; these are the RBI's own projections. (Source: RBI, Monetary Policy Statement, 7 Oct 2026; RBI circular RBI/2026-27/282 (LAF rates))
The previous meeting was held on 3–5 August 2026, not in July. It kept the repo rate at 5.25% (SDF 5.00%, MSF and Bank Rate 5.50%) with a neutral stance. (Source: RBI Bulletin, MPC meeting 3–5 Aug 2026)
For comparison, in June 2025 the MPC cut the repo rate by 50 basis points to 5.50%. The rate is the same today but was reached by a different path. (Source: RBI Bulletin, MPC meeting 4–6 Jun 2025)
Higher policy rates may feed into home-loan costs. This is an observation, not a forecast.

Housing market data (each dataset reported separately)

Delhi NCR, Knight Frank: H1 2026 sales of 24,862 units (−7% year on year), launches of 23,877 (−5%) and 7.6 quarters to sell. (Source: Knight Frank, India Real Estate H1 2026)
Delhi NCR, ANAROCK: Q3 2026 sales of 13,765 units, against 13,920 a year earlier. (Source: CNBC-TV18 (PTI), ANAROCK Q3 2026)
Ahmedabad, Knight Frank: H1 2026 sales of 9,581 units (+2%), launches of 11,077 (+3%), unsold inventory of 37,727 units (+10%), and 8.1 quarters to sell, the highest among the cities Knight Frank tracks. Knight Frank reports an average of ₹4,826 per sq ft. This is Knight Frank's city-wide figure, not a price for any locality or property. (Source: Knight Frank, India Real Estate H1 2026)
Ahmedabad, PropEquity: 2025 sales of 51,148 units (−8%). Lucknow, PropEquity: 2025 sales of 4,053 units (+6%). PropEquity and Knight Frank use different methods and periods, so their figures should not be compared or combined. (Source: Outlook Business, PropEquity tier-II data 2025)
Top seven cities, ANAROCK: about 1,14,320 units launched in Q3 2026, an 18% annual increase. (Source: CNBC-TV18 (PTI), ANAROCK Q3 2026)

Dholera

Trunk infrastructure is in place in the 22.54 sq km Activation Area, including a 72 km road network. (Source: Dholera SIR, FAQs; Dholera SIR, completed infrastructure)
The state government reports that the Ahmedabad–Dholera Expressway is operational and that Dholera International Airport is expected to be operational by the end of 2026, which is a target. (Source: Times of India, CM reviews Dholera SIR projects)

Ahmedabad

GMRC reports that Metro Phase II comprises two corridors totalling 28.2 km with 22 stations. (Source: GMRC, project overview)

Varanasi

MoRTH listed the 3.85 km Varanasi ropeway as under construction. Times of India reported it 95% complete on 30 September 2026, with launch targeted for the end of November. (Source: PIB, MoRTH Year End Review 2024; Times of India, Kashi ropeway 95% complete)
The final Ring Road stretch was still limited to light vehicles, with a completion deadline of 31 October 2026 (reported). (Source: Times Now, Varanasi Ring Road)
On 15 July 2026 the CCEA approved a 46.039 km elevated corridor linking NH-19 and the Ring Road, at a total capital cost of ₹14,447.64 crore. Status: approved. (Source: PIB, CCEA approval, 15 Jul 2026)

Lucknow

Metro Phase 1B, an 11.16 km Charbagh–Vasant Kunj line costing over ₹5,800 crore, has been approved. (Source: Indian Express, Lucknow Metro Phase 1B)
Afcons emerged as the lowest bidder (L1) for the underground civil package of Phase 1B; this is not yet an award. (Source: Metro Rail Today, Afcons L1 for Phase 1B)
Three Lucknow Ring Road packages were inaugurated in March 2024. (Source: PIB, MoRTH Year End Review 2024)

Noida and Greater Noida

The Sector 142–Botanical Garden Aqua Line extension (11.56 km, 8 stations) was approved by the Cabinet, and Times of India reports that the work has been awarded to L&T. (Source: PM India, Cabinet approves Sector 142–Botanical Garden corridor; Times of India, Greater Noida West metro, 7 Sep 2026)
Noida International Airport began commercial flight operations on 15 June 2026. Airport management projects about 5 million passengers within 10–12 months; this is their projection. (Source: Noida International Airport, 15 Jun 2026; Indian Express, Noida airport and West Asia)
The Greater Noida West metro was awaiting Union Cabinet approval as of 7 September 2026. Noida Film City was awaiting financial closure (reported). (Source: Times of India, Greater Noida West metro, 7 Sep 2026; Free Press Journal, Noida Film City)

Gurugram

The Haryana section of the Dwarka Expressway was inaugurated in March 2024. (Source: PIB, Dwarka Expressway (Haryana) inauguration)
Metro Phase 1 is about 15% complete (reported). The Gurugram Metro civil tender notice of 5 October 2026 (₹1,662.53 crore including GST) has a bid deadline of 18 November 2026. (Source: Hindustan Times, Gurugram Metro Phase 2 tender; GMRL tender notice, 5 Oct 2026 (PDF))
GMDA has floated the tender for the SPR elevated road, with bids due on 18 November. Status: tendered. (Source: Hindustan Times, GMDA SPR elevated road tender)

Ghaziabad and Tronica City

The Delhi–Ghaziabad–Meerut Namo Bharat corridor is fully operational, and TOD zones are notified in the Ghaziabad master plan. The Ghaziabad–Noida International Airport RRTS is at the DPR stage. (Source: PIB, Namo Bharat RRTS)
In July 2025 NHAI floated a tender for a study of a highway linking Tronica City to the FNG Expressway. Status: study stage. (Source: ThePrint (PTI), NHAI Tronica City–FNG study tender, 25 Jul 2025)

Risks to keep in mind

Rates: the RBI's change of stance signals that near-term rate cuts are off the table. (Source: RBI, Monetary Policy Statement, 7 Oct 2026)
Timelines: several projects are only at the approval, tender, DPR or financial-closure stage, and some have missed earlier deadlines.
Supply: Ahmedabad's unsold inventory rose 10% and its quarters to sell are the highest Knight Frank reports. (Source: Knight Frank, India Real Estate H1 2026)
Liquidity and title: greenfield and peripheral land markets may have thin resale. Title, land-use and dues checks always apply.

Sources

Notes for readers

This page has historical and third-party information for general reference. Third-party figures are attributed to their publishers and have not been independently verified by Investica Realtors. Datasets are not combined. Investica Realtors does not estimate or forecast any figure here. Infrastructure timelines are official or reported targets and may change. Investica Realtors provides real-estate investment advice only and does not advise on securities, mutual funds or insurance. Verify RERA registration, title and approvals before buying, and take independent professional advice where needed. Nothing here is a legal opinion.