Indian housing prices jump 7%, Kolkata leads with 15%

11 Aug 2023 CW Team

Driven by strong demand and favourable interest rates, residential property prices in India's top eight cities saw a notable 7% year-on-year increase. According to a report by CREDAI, Colliers, and Liases Foras, Kolkata led the surge with a substantial 15% YoY increase in residential prices. Delhi NCR and Hyderabad followed, with increases of 14% and 13% YoY, respectively.

CREDAI's President, Boman Irani, highlighted positive sales momentum nationwide, reflecting encouraging buyer sentiment. Despite price rises, stability in repo rates and lending environments is expected to sustain the trend throughout the fiscal year, with the upcoming festive season providing further sales impetus.

Unsold inventory across India increased by 13% YoY due to heightened project launches. Delhi was the only market with decreased unsold inventory.

Colliers India's Peush Jain emphasised consistent upward housing price trends over ten quarters. With a stable 6.5% repo rate since February 2023, positive buyer sentiment has risen, aided by clearer monthly EMI visibility.

Demand for spacious residences and upscale projects raised under-construction housing prices, particularly in Kolkata, Hyderabad, Delhi NCR, and Bengaluru. 3 BHK and 4 BHK home prices increased by 2% to 20% in major cities during Q2.

Liases Foras' Managing Director, Pankaj Kapoor, noted disciplined market behaviour due to significant new launches, which moderated price growth, attracting end-users and investors alike. Kapoor anticipates sustained sales growth, driven by affordability and price balance.

Supported by steady interest rates and increasing disposable incomes, the Indian housing market is poised for continued growth. Q2 saw 81,883 units sold, a 6% YoY rise. New launches contributed 15% to total Q2 2023 sales, driven by well-priced products and strategic locations."

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..