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."

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..