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

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..