10% price hike in the real estate projects across the country

26 Apr 2022 CW Team

It has been a month since the developers in Maharashtra showed a price hike in residential projects and various property firms across India have increased under-construction unit prices.

Puravankara Limited, which effected an increase of 3% to 5% in the third quarter of the previous financial year, said it would persist to look at “periodic” upward revisions in its pricing considering an 8% to 15% increase in commodity as well labor costs since February.

Puravankara Managing Director Ashish R Puravankara said that they are conscious of the fluctuating market dynamics. They are keeping this in mind while planning to implement a periodic increase in price in a small incremental fashion across their brands.

The company says that the engineering teams at the Puravankara have been working hard trying to offset costs via optimising utilisation of raw material along with mitigation of construction waste. However, various reports have suggested that developers on the board might not escape the scourge escalation cost.

As per a study by the Confederation of Real Estate Developers' Associations of India (CREDAI), approximately 78% of 1,850 developers who were surveyed predicted that they expect a rise in prices to the tune of 10%, to an offset of a projected 20% increase in costs in the board. Almost 46% of these developers said they expected a delay in project timelines as well.

Image Source

Also read: Luxury Property Home Sales increase to 12%

Infrastructure Urban

13 Oct 2025

Madurai Corporation Proposes Rs 1,400 Million Plan to Save Vaigai River

In a renewed effort to tackle pollution, the Madurai Corporation has submitted Rs 1,400 million proposal to the state government to upgrade the city’s drainage network and prevent untreated sewage from entering the Vaigai River. The proposal follows growing public concern over the river’s deteriorating condition despite previous mitigation efforts. The Vaigai flows for nearly 12 km within Madurai city limits, with sections obstructed by invasive plants, garbage, and untreated sewage. While multiple inlets contribute to contamination, the Panthalkudi canal in Goripalayam has been identifi..

PM Modi Inaugurates Mumbai Metro 3 Final Phase, 33.5 km Aqua Line

Prime Minister Narendra Modi inaugurated the final phase of Mumbai’s first fully underground Metro 3, making the 33.5 km Aqua Line operational. The line connects Aarey in North Mumbai to Colaba in South Mumbai, aiming to ease congestion on suburban trains and roads. The final stretch, spanning 11.2 km from Acharya Atre Chowk in Worli to Cuffe Parade, provides connectivity to six major business centres, including Nariman Point, Cuffe Parade, Fort, Lower Parel, BKC, and SEEPZ/MIDC. According to Mumbai Metro Rail Corporation (MMRC), the stretch also links areas such as Kalbadevi, Girgaum, Worl..

M.E. Energy Wins Rs 490 Million Ferro Alloys EPC Order

M.E. Energy Pvt Ltd, a wholly owned subsidiary of Kilburn Engineering Ltd and a leading Indian engineering company specialising in energy recovery and cost reduction solutions, has secured its second consecutive major order valued at Rs 490 million in the ferro alloys sector. The order is for an Engineering Procurement and Construction (EPC) contract to develop a 12 MW Waste Heat Recovery Based Power Plant (WHRPP). This repeat order underscores the growing trust of the ferro alloys industry in M.E. Energy’s expertise in delivering reliable, efficient, and sustainable energy solutions tailor..