Magicbricks: Indian housing demand increased 14% from January to March

03 Apr 2023 CW Team

According to the PropIndex data from Magicbricks, the demand for housing in India continued to expand and show resilience, rising 14.2% year over year for the quarter ended in March along with a 1.9% increase in supply.

Residential demand, as measured by searches on its web, increased 3.2% sequentially after marginally declining by 2.5% the previous quarter, driven by increases in Ahmedabad (21.4%), Bengaluru (10.3%), and Pune (7%) growth.

We are confident about the growth trajectory for residential demand in the upcoming quarters given the under-served demand for home ownership in the inexpensive and mid-range sector. In addition to new projects and accelerated delivery of properties that are still being built, we predict that the market will stabilise and create new opportunities for investment and innovation.

Even while the supply of homes throughout all of India increased compared to a year ago, it barely decreased sequentially by 0.9% as the pace of new project launches slowed and the emphasis remained on selling existing inventory.

Nonetheless, cities like Noida and Greater Noida showed a consecutive increase in supply of 20.8% and 17.6%, respectively. The average price of real estate across all of India increased by 13.9% on-year and 2.3% sequentially due to a mismatch between supply and demand.

Also read:
Indore Development Authority invites developers for PPP project
Mahindra Lifespaces Development sells 9.24 acre of land to Urban Rise

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..