Housing Prices Surge in 41 Cities, Including Delhi and Mumbai

06 Dec 2023 CW Team

The National Housing Bank's (NHB) recent report sheds light on a substantial surge in housing prices during the July-September quarter, impacting 41 cities across the country. Notably, this upward trend includes prominent metropolitan areas such as Delhi and Mumbai, signaling evolving dynamics in the real estate market and posing considerations for urban housing affordability.

The report indicates that the rise in housing prices is a phenomenon experienced in various urban centers, reflecting the complex interplay of market forces and demand-supply dynamics. Cities like Delhi and Mumbai, with their historically dynamic real estate landscapes, contribute significantly to this nationwide trend.

Factors contributing to the increase in housing prices may include growing demand, limited housing supply, and the broader economic environment. The findings prompt a closer examination of the challenges and opportunities within the real estate sector, especially in major cities where housing affordability has been a recurrent concern.

As the real estate landscape evolves, stakeholders, policymakers, and homebuyers alike are likely to scrutinize these trends for their potential implications on the overall housing market. The NHB report serves as a valuable insight into the nuanced changes in housing prices, offering a comprehensive view of the market dynamics during the specified quarter and setting the stage for informed discussions on strategies to address affordability concerns.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..