Boost in real estate market, highest no. of units registered

27 Dec 2022 CW Team

In terms of the quantity of properties registered, the real estate market in Mumbai experienced its highest-ever sale in 2022. Pune, Hyderabad, Ahmedabad, and Mumbai Metropolitan Region (MMR) saw the greatest ever supply of new homes in 2022, according to statistics from Liases Foras, an independent real estate research firm.

The information showed that there were 9,022 new homes available in MMR in September 2021. The number increased by 144% to 22,044 in September of this year. The research revealed that the average price growth in MMR was only 1%.

Launch of new residential developments also experienced a notable surge throughout India. According to the data, it was 41% greater than 2018 and 22% higher than 2019. According to Pankaj Kapoor, managing director of Liases Foras, "2022 witnessed the biggest sales ever, crossing the 4- lakh mark across India. Additionally, the year had the most launches ever, with 0.00042 billion brand-new units being introduced. As a result, there are now more unsold inventory.

Prior to the Covid-19 outbreak, it would typically take 53 months to sell every unsold unit. "Now, this number is 38–39 months... Only 7% of the inventory has been cut. In 2018, there were over 0.00135 billion unsold inventories, which was the greatest amount ever. According to Kapoor, there are currently 0.00125 billion units in various phases of building. He added that it will take at least three years to sell these units.

According to Liases Foras' forecast for the 2023 real estate market, the price increase would be gradual. According to the report, 2023 will be a buyer's market because there will be a lot of properties for sale and little room for profit for builders. According to the estimate, sales would not decline in the upcoming year.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..