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 Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..