Housing Sales Surge 33%, Reaching 4.11 Lakh Units in 2023

08 Jan 2024 CW Team

In a robust display of growth, housing sales in India witnessed a remarkable surge of 33% in 2023, reaching a substantial 4.11 lakh units. The buoyant real estate market is further highlighted by a record new supply of 5.17 lakh units across the top 8 cities, marking a significant milestone in the country's housing sector.

The surge in housing sales is indicative of a growing confidence among homebuyers, potentially fueled by favorable market conditions and supportive government policies. The impressive figures underscore the resilience of the real estate market, reflecting the sector's ability to adapt and thrive.

Industry consultants reported that the top 8 cities played a pivotal role in driving this growth, with new supply reaching an unprecedented 5.17 lakh units. This surge in supply not only meets the increasing demand for housing but also contributes to the overall economic momentum associated with the real estate and construction sectors.

The data reveals that the real estate market is experiencing a positive trajectory, with both sales and new supply reaching historic levels. This surge is expected to have ripple effects on various associated industries, further contributing to the economic development of the country.

As India's housing sector continues to demonstrate resilience and growth, stakeholders are optimistic about the sustained momentum in the coming years. The record-breaking numbers in both housing sales and new supply reflect a promising outlook for the real estate landscape in the top 8 cities.

Infrastructure Transport

09 Sep 2025

Maharashtra clears Rs 23,487 cr Metro Line 11 and key transport projects

Mumbai, 4 September 2025: In a major infrastructure push, the Maharashtra Cabinet has approved key urban transport projects, including the Rs 23,487.51 crore Metro Line 11 connecting Anik Depot–Wadala to the Gateway of India. The line, an extension of Metro Line 4 (Wadala–Thane–Kasara–Vadavli), will feature 13 underground and one elevated station, with 70 per cent of the corridor planned underground.The Cabinet also cleared the procurement of 238 new air-conditioned local trains under the Mumbai Urban Transport Project (MUTP) Phase III and IIIA, with Rs 4,826 crore allocated. Further, ..

Max Estates acquires Gurugram land for Rs 3,000 crore housing project

Gurugram, 6 September 2025: Max Estates has acquired a 7.25-acre land parcel in Sector 59, Gurugram, to develop a premium residential project with an estimated sales potential of over Rs 3,000 crore. The project will have a total development potential of 1.3 million sq ft.The company’s board has approved the acquisition of Base Buildwell Pvt Ltd (BBPL), a special purpose vehicle holding the licence and development rights for the site on Golf Course Extension Road. The transaction involves purchasing 100 per cent of BBPL’s share capital, comprising 10,000 equity shares of Rs 10 each and 24,..

Mumbai to get 238 new AC local trains under MUTP expansion

Mumbai: In a major push to upgrade Mumbai’s lifeline, the Mumbai Rail Vikas Corporation (MRVC) has initiated the procurement of 238 fully air-conditioned trains, just four days after the Maharashtra Cabinet cleared the ambitious plan.The project, part of the Mumbai Urban Transport Project (MUTP) Phase III and IIIA, will add 2,856 Vande Metro coaches in 12, 15, and 18-car formations. The first prototype rake is expected to arrive in two years from the contract award date. Two dedicated depots will be developed at Bhivpuri (Central Railway) and Vangaon (Western Railway) for long-term maintenan..