+
 10% price hike in the real estate projects across the country
Real Estate

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

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%

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%

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?