Key facts
- Foreclosure auction volume increased 23% in Q2 2026.
- Foreclosure auction volume reached a six-year high in Q2 2026.
- Sellers lowered average prices by 3% in foreclosure auctions.
- Michael Regan is a local developer active in foreclosure auctions.
- Lenders are discounting assets to move them in foreclosure auctions.
- India's real estate market is experiencing a boom.
- A significant gap exists in affordable housing in India.
- The affordable housing shortage impacts low-income groups in India.
- Policy intervention is required for inclusive growth in India's real estate market.
Foreclosure auction volume saw a significant increase of 23% in the second quarter of 2026, reaching its highest point in six years. This surge in activity is attributed to sellers lowering average prices by 3%, which in turn has boosted demand. Local developers, including Michael Regan, are actively participating in these auctions, noting that lenders are offering discounts on assets to facilitate their sale. This trend suggests a market shift where distressed properties are becoming more accessible to buyers willing to invest.