New residential launches rose 4 per cent year on year in the first half of CY 2026 with Pune and Mumbai delivering growth.Property sales, which have been dominated by the premium segment, however grew by one per cent, consultancy Knight Frank said in a report on Thursday.Developers launched 187,350 housing units between January - June. Over 60 per cent of these were in the premium category with a price tag of ₹1 crore and above. Pune saw 17 per cent increase in supply followed by Mumbai which reported 8 per cent rise, Knight Frank said.The National Capital Region, Kolkata and Hyderabad saw a decline in launches. NCR underperformed in sales too with numbers declining 7 per cent over last year.“The composition of new supply remained skewed towards higher ticket sizes with premium and luxury launches dominating project introductions while affordable additions remained constrained,” it said.According to Shishir Baijal, Knight Frank India’s chairman and managing director, the residential market is entering a more mature phase. “Premium housing continues to perform well, developers have largely maintained pricing discipline and better-capitalised players are operating in a far stronger regulatory environment than in previous cycles,” he said.Mumbai’s coastline to see residential projects worth ₹6,000 croreInfrastructure improvements such as the coastal road which has cut travel time between downtown and suburbs is spurring fresh construction in Mumbai.While established locations like Worli continue to dominate luxury transactions, locations like Malad and Borivali in western suburbs are gaining traction as buyers seek larger homes with waterfront views, consultancy JLL said on Thursday. The availability of larger land parcels and infrastructure development is creating room for premium residential development.According to JLL, 75-80 coastline projects are under redevelopment comprising 250 plus units. These are worth around ₹6,000 crore are expected to hit the market in the next 8-9 quarters, it said.Published on July 9, 2026