Housing sales notes 75% growth in H1 2021: CBRE South Asia

10 Aug 2021 CW Team

According to a recent report by CBRE South Asia, housing sales increased by more than 75% year over year in the top seven cities in H1 2021.

Pune led sales activity with a 26% share, followed by Mumbai (19%). Hyderabad and Delhi-NCR were closely followed with 18% and 17% of the market share, respectively.

Anshuman Magazine, Chairman, India & South-East Asia, Middle East & Africa, CBRE told the media that In India, the residential segment has played a significant role in the growth of the real estate sector. The initiatives taken by the federal and state governments have been critical and commendable for the residential sector's revival.

Housing sales have been boosted by policy initiatives from the federal and state governments, as well as lower lending rates, according to the report. To boost housing sales, states such as Karnataka, Telangana, Maharashtra, and Tamil Nadu have implemented stamp duty reductions and property tax rebates.

Since 2010, while property prices have grown at a CAGR of 1 to 6% in the high-end segment and around 2 to 7% in the mid-segment, per capita GDP has grown at a CAGR of 4% between 2010 and 2020.

Although the residential sector is showing signs of recovery, developers are still dealing with issues such as limited credit availability, tax and regulatory complexities, and construction delays due to reverse migration labour shortages (though abated to a large extent), Higher input costs are leading to higher construction costs; several developers' highly leveraged balance sheets have added another layer of difficulty to the sector.

Image Source

Also read: Housing sales fall by 58% in 2021: PropEquity

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..