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

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..