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 Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..