Housing prices stay flat at 2.7%, growth to be in same range in FY22
Real Estate

Housing prices stay flat at 2.7%, growth to be in same range in FY22

Housing prices appeared to be recovering in the Q4 of FY21 as the economy emerged gradually from the pandemic. Growth of 2.7% in the RBI HPI looked like a stepping-stone in the upward direction as it rose from 1.1% in Q2 to 2.2% in Q3 of the year, according to a report by CARE Ratings. However, the second wave in April has disrupted the sector as it has affected livelihoods and spending power as well as diverted attention to health for majority of households. While there can be some pent-up demand emerging during the year, the impact on prices in FY22 would tend to be moderated. A concern here is the spike in global commodity prices which has been witnessed even in India.

Click here to read the full report.

Housing prices appeared to be recovering in the Q4 of FY21 as the economy emerged gradually from the pandemic. Growth of 2.7% in the RBI HPI looked like a stepping-stone in the upward direction as it rose from 1.1% in Q2 to 2.2% in Q3 of the year, according to a report by CARE Ratings. However, the second wave in April has disrupted the sector as it has affected livelihoods and spending power as well as diverted attention to health for majority of households. While there can be some pent-up demand emerging during the year, the impact on prices in FY22 would tend to be moderated. A concern here is the spike in global commodity prices which has been witnessed even in India. Click here to read the full report.

Next Story
Resources

Tata Power turns 5,000 kg plastic waste into green livelihood for women

Tata Power’s Anokha Dhaaga Smart Circularity programme has converted over 5,000 kilograms of single-use plastic waste into recycled fabric products like T-shirts, tote bags, and haversacks, generating over Rs 20 lakh in fair-trade earnings for women entrepreneurs. The initiative is active across six centres and aligns with the World Environment Day 2025 theme — End Plastic Pollution. The project began with a collection drive across Tata Power’s Trombay plant, housing colonies, and offices. In collaboration with ReCircle and sanitation workers ('Safai Saathis'), the waste was processed i..

Next Story
Infrastructure Transport

Adani Airports secures US$ 750 million from global lenders for growth

Adani Airports Holdings (AAHL), a subsidiary of Adani Enterprises and India’s largest private airport operator, has raised US$ 750 million via External Commercial Borrowings from a consortium of international banks. The financing was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. Of the total funds, US$ 400 million will be used to refinance existing debt, while the remainder will support growth capex across six airports—Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram—and expansion of AAHL’s non-aeronautical verticals including retai..

Next Story
Resources

CASE launches ‘Vijeta’ to skill youth in construction equipment sales

CASE Construction Equipment, a CNH brand, has launched ‘Vijeta’, a CSR initiative aimed at enhancing employability among underprivileged youth in the heavy equipment sector. The programme will equip participants with technical and practical skills required in construction equipment sales, particularly for backhoe loaders. It blends online and offline training, followed by a three-month hands-on industry stint at sales outlets, along with a monthly stipend. Puneet Vidyarthi, Head of Brand Marketing, CASE CE, APAC & India, said, “Vijeta bridges the skill gap in equipment sale..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?