India housing market enters festive season with rising unsold inventory: What’s driving the slowdown?

India’s housing market is seeing a widening divide between affordable and premium homes. While sales of properties below ₹50 lakh fell sharply in the first half of 2026, demand for ₹1.5–3 crore homes surged. Rising launches and slower sales are adding to inventory pressures, leaving developers dependent on festive-season demand, incentives and possible government intervention.