Housing costs rise by 7% across all major cities

04 May 2023 CW Team

According to a survey by PropTiger.com, the average price increase across all the main real estate markets in India increased by close to 7% Y-o-Y during the first quarter of 2023.

The average price of new homes increased across all the markets included in the survey, according to the report.

The survey notes that Bengaluru, which is the market with the greatest upswing in property values, saw an average rate of 10% appreciation in the past year.

Pune and Ahmedabad, which both saw increases in average property prices of 8% and 7%, respectively, lagged this southern market in terms of price growth.

Given that prices are anticipated to rise, now might be a good moment for people who have been on the fence to step in and purchase their dream home. Over the long run, real estate has consistently been one of the best-performing asset classes.

According to the report, the cost of purchasing a home in India is rising due to a number of factors, including the ongoing increase in the cost of labour and raw materials, the rising demand for homes following COVID, and the end of government-funded subsidy programmes in March of this year.

Also read:
MahaRERA cautions homebuyers against 308 projects facing insolvency
Government eyes model realty contract

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..