Mumbai, Bengaluru Among Top APAC Housing Growth Markets

09 Feb 2024 CW Team

According to a recent report by Knight Frank, Mumbai and Bengaluru have secured positions among the top 10 Asia-Pacific (APAC) markets for housing price growth in the second half of 2023. The report highlights a significant surge in housing prices in these cities, indicating robust demand and market activity.

Mumbai, one of India's largest metropolitan areas, witnessed a substantial increase in housing prices, reflecting its status as a key real estate hub. Similarly, Bengaluru, known as India's Silicon Valley, experienced notable growth in housing prices, driven by the city's thriving IT and tech sector.

The report underscores the resilience of India's property market amidst broader economic fluctuations. Factors such as urbanization, population growth, and increased demand for housing have contributed to the upward trajectory of prices in these cities. Additionally, favourable government policies and infrastructure development initiatives have further bolstered the real estate sector's performance. The report's findings suggest that Mumbai and Bengaluru continue to be attractive investment destinations for property buyers and developers alike. However, rising housing prices also pose challenges related to affordability and access to housing for the general population. As these cities strive to maintain sustainable growth in their real estate markets, policymakers and stakeholders need to address issues of affordability and housing supply to ensure inclusive urban development. Overall, the inclusion of Mumbai and Bengaluru in the top APAC housing growth markets underscores their status as dynamic and resilient real estate markets in the region.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..