Housing Sales Expected to Drop 2% in Top 9 Cities: Report

25 Jun 2024 CW Team

According to a report, housing sales in the top nine cities of India are projected to decline by 2% year-on-year during the April-June quarter. This anticipated decrease comes amidst ongoing market challenges and uncertainties impacting the real estate sector.

The report suggests that the COVID-19 pandemic, along with factors such as economic slowdown, liquidity constraints, and elevated property prices, continue to weigh on homebuyers' sentiment and purchasing decisions. Additionally, regulatory changes and policy measures have further contributed to the subdued sales environment.

The nine cities covered in the report include major metropolitan areas such as Mumbai, Delhi-NCR, Bangalore, Hyderabad, Pune, Chennai, Kolkata, Ahmedabad, and Lucknow. These cities collectively represent significant real estate markets in India, and their performance often serves as an indicator of the overall sector trends.

Despite efforts by developers to attract buyers through various incentives and promotional schemes, the demand for residential properties remains subdued. Homebuyers appear to be adopting a cautious approach, awaiting clarity on economic recovery and future market prospects before committing to property purchases.

The decline in housing sales underscores the need for continued efforts to address the challenges facing the real estate sector and stimulate demand. Government interventions, such as favourable financing options, reduced stamp duty rates, and supportive policies, could play a crucial role in reviving market sentiment and boosting homebuyers' confidence in the coming months.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..