Delhi-NCR records 16% Y-o-Y surge in housing prices

15 Jun 2023 CW Team

CREDAI, Colliers, and Liases Foras, the housing prices in Delhi-NCR experienced the highest increase among the top eight cities, rising by 16% in the January-March period. The surge in prices can be attributed to the growing demand and increased construction costs. The joint report, titled 'Housing Price-Tracker Report Q1 2023,' was published.

Housing prices in the top eight cities showed an 8% year-on-year increase. Delhi-NCR witnessed the most substantial rise in residential prices, with a 16% Y-o-Y increase, followed by Kolkata and Bengaluru, which saw 15 percent and 14 percent YoY increases, respectively.

The report noted that housing prices in Delhi-NCR have been steadily rising for the past 11 quarters. It specifically highlighted the significant price surge of 59 percent YoY in Dwarka Expressway, primarily driven by the opening of the Central Peripheral Road and the loop connecting Dwarka Expressway with NH-8.

Golf Course Road in Gurugram experienced a surge of 42% Y-o-Y in housing prices, making it the highest-priced area in the NCR region, surpassing rates in Delhi.

The data revealed an 11% Y-o-Y increase in housing prices in Ahmedabad during the January-March period, averaging Rs 6,324 per square feet. Bengaluru witnessed a 14% price increase, reaching Rs 8,748 per square feet, while Chennai saw a modest rise of 4%, reaching Rs 7,395 per square feet. Hyderabad experienced a 13% appreciation in residential property prices, amounting to Rs 10,410 per square feet. Kolkata witnessed a 15% rise, reaching Rs 7,211 per square feet. Delhi-NCR saw a 16% Y-o-Y increase, reaching Rs 8,432 per square feet. Pune recorded an 11% increase in rates, reaching Rs 8,352 per square feet.

On the other hand, the Mumbai Metropolitan Region (MMR) witnessed a 2% decrease in prices, amounting to Rs 19,219 per square feet.

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..