Housing Sales in India's Top 7 Cities Hit All-Time High

30 Jun 2023 CW Team

According to property consultancy Anarock, house sales in India's top seven cities would reach an all-time high of 115,100 units in the quarter ending June 30. Despite increased mortgage rates and global headwinds, this is 36% more than the 84,940 units sold in the same period last year.

Anarock calculated the quarterly figure by taking into account the average sales velocity in these cities.

The Mumbai Metropolitan Region (MMR) and Pune were the only two cities that saw an increase in housing sales when compared to the previous quarter.

Based on Anarock data, a total of 38,090 units will be sold in MMR, which is 10% more than the 34,690 units sold previous year. Pune is predicted to experience a 4% increase in total sales, with 20,680 units sold compared to 19,920 units last year. Pune and MMR together account for 51% of total housing sales in the top seven cities.

All other cities, including the National Capital Region (NCR), Bengaluru, Hyderabad, Chennai, and Kolkata, are likely to suffer a drop in sales quarter on quarter (QoQ).

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..