Housing launches increased by 86% Y-o-Y at a record high

10 Apr 2023 CW Team

The top eight residential markets in India experienced a 22% increase in sales and an 86% increase in supply between January and March of this year, according to a study by PropTiger.

Despite further increases in home loan interest rates, housing sales climbed. Real estate developers aggressively introduced new products to the market to meet the soaring demand.

Both sales and new launches are increasing, which indicates that the Indian housing market is expanding significantly. This is especially significant in light of the difficult global economy and the rising cost of mortgages on the domestic market.

Despite these challenges, the research notes that housing sales increased by a high double-digit 22% during the first quarter of 2023, suggesting persistent sales momentum.

From January to March 2023, sales increased from 70,630 units in the same period last year to 85,850 units across eight cities. Over these eight major cities, new launches increased from 79,530 units to 147,780 units, the biggest number in a quarter.

In the top 8 cities, both supply and demand have seen double-digit growth. While new supply is at an all-time high, sales have expanded at a much slower rate, primarily because homebuyers are taking their time to find the appropriate product.

Also read:
Maharashtra government to buy Air India's building for Rs 1,600 crore
CAG's higher land premium proposal ignored by Ahmedabad civic body

Real Estate

10 Nov 2025

Godrej Interio Powers Kerala Metro Projects

Interio by Godrej, a flagship furniture and turnkey solutions brand from the Godrej Enterprises Group, has expanded its presence in Kerala’s infrastructure development landscape by securing and executing projects worth more than ₹90 crore in Kochi. The portfolio includes a Rs 690 million Electrical & Mechanical (E&MVAC) work order from Kochi Metro Rail (KMRL) for Phase 2 of the Kochi Metro, along with the successful completion of a Rs 240 million design-and-build project for Kerala State Information Technology Infrastructure (KSITIL) at Kochi’s Infopark.Speaking on the milestone,..

Gartner Recognises Newgen as Niche Player

Newgen Software, a global provider of AI-enabled end-to-end automation solutions, announced that it has been recognized as a Niche Player in the 2025 Gartner® Magic Quadrant™ for Business Orchestration and Automation Technologies (BOAT). The recognition reflects Newgen’s ability to execute and the completeness of its strategic vision.The Gartner report evaluated 20 global vendors to guide enterprises in selecting the right business process automation platform. According to Gartner, BOAT is a unified software platform that enables enterprise-wide automation through capabilities such as pro..

Commercial Hubs Lead Amid Wider Diversification

India’s top ten office micro-markets continued to dominate absorption in Q3 2025, accounting for 70 per cent of total demand. However, their share has steadily declined from 82 per cent in Q3 2024 and 80 per cent in Q2 2025, reflecting a clear shift toward broader geographical diversification. Overall, these key markets recorded 13.9 million sq ft of absorption in Q3 2025—down 10 per cent year-on-year and 8 per cent sequentially—despite an increase in pan-India absorption.The diversification of demand is supported by improved intra-city connectivity, wider availability of Grade-A and sus..