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

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

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


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

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement