Housing sales up 5% to 87,108 units across 8 cities in Q2 FY25: Report

04 Oct 2024 CW Team

The report mentioned that the residential market had shown positive momentum in 2024, with the third quarter recording the highest quarterly sales of the year at 87,108 units.

In a virtual press conference, Shishir Baijal, Chairman and Managing Director of Knight Frank India, explained that the increase in housing sales was primarily driven by demand for premium housing priced above Rs 10 million. He also expressed concerns about the affordable housing segment, noting that sales in this category had decreased due to issues related to availability and affordability.

The report further indicated that housing sales had risen in all markets except for Delhi-NCR, where sales had dropped by 7 per cent year-on-year.

Mumbai recorded the highest sales volume with 24,222 units, setting a new benchmark for the market, and a 9 per cent year-on-year growth. Among larger markets, Bengaluru saw the highest growth, with an 11 per cent increase in sales to 14,604 units.

In other cities, Pune saw a 1 per cent rise in housing sales, reaching 13,200 units, while Hyderabad experienced a 9 per cent increase to 9,114 units. Sales in Ahmedabad grew by 11 per cent to 4,578 units, while Kolkata recorded a 14 per cent increase with 4,309 units. Chennai’s housing market also saw growth, with a 6 per cent rise to 4,105 units.

However, residential property sales in Delhi-NCR dropped by 7 per cent, with 12,976 units sold during the July-September period compared to the previous year.

Housing sales experienced a 5 per cent annual increase during the July-September period, reaching 87,108 units across eight major cities, driven by strong demand for premium homes, according to a report by Knight Frank India. The real estate consultant released its 'India Real Estate' report for the third quarter of the 2024 calendar year during a webinar, highlighting a moderate rise in housing sales, which contrasted with data from Anarock and PropEquity that indicated a decline in total sales across major cities during the same period. The report mentioned that the residential market had shown positive momentum in 2024, with the third quarter recording the highest quarterly sales of the year at 87,108 units. In a virtual press conference, Shishir Baijal, Chairman and Managing Director of Knight Frank India, explained that the increase in housing sales was primarily driven by demand for premium housing priced above Rs 10 million. He also expressed concerns about the affordable housing segment, noting that sales in this category had decreased due to issues related to availability and affordability. The report further indicated that housing sales had risen in all markets except for Delhi-NCR, where sales had dropped by 7 per cent year-on-year. Mumbai recorded the highest sales volume with 24,222 units, setting a new benchmark for the market, and a 9 per cent year-on-year growth. Among larger markets, Bengaluru saw the highest growth, with an 11 per cent increase in sales to 14,604 units. In other cities, Pune saw a 1 per cent rise in housing sales, reaching 13,200 units, while Hyderabad experienced a 9 per cent increase to 9,114 units. Sales in Ahmedabad grew by 11 per cent to 4,578 units, while Kolkata recorded a 14 per cent increase with 4,309 units. Chennai’s housing market also saw growth, with a 6 per cent rise to 4,105 units. However, residential property sales in Delhi-NCR dropped by 7 per cent, with 12,976 units sold during the July-September period compared to the previous year.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..