Housing Supply in NCR Jumps 44% to 53,000 Units

31 Dec 2024 CW Team

The Delhi-NCR housing market saw a 44% increase in new supply this year, reaching 53,000 units, with almost 60% of the new launches being ultra-luxury homes priced over Rs 2.5 crore, according to Anarock. In 2023, 36,735 residential units were launched in the region.

Anarock’s data covers the primary housing market for 2024 in seven major cities: Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Chennai, Hyderabad, and Kolkata. The increase in Delhi-NCR’s supply is noteworthy, as it contrasts with a 7% decline in launches across all seven cities compared to 2023.

Despite the rise in supply, housing sales in Delhi-NCR fell by 6% in 2024 to 61,900 units. Nationally, sales also saw a slight 4% drop to 459,650 units, down from 476,530 units in 2023. Anarock Chairman Anuj Puri attributed the slowdown to factors such as election uncertainty and delays in project approvals.

However, the sales value grew by 16%, driven by rising average prices and larger unit sizes, which offset the decrease in volume.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..