RE developers report 50% increase in sales

11 Oct 2022 CW Team

Real estate developers have reported up to 50% increase in sales during the first half of festive season and expect the momentum to continue till Diwali despite the hike in interest rates.

Developers like DLF, M3M, Signature Global and Gaurs Group have reported an increase in interest of homebuyers.

M3M India’s luxury residential project ‘M3M Capital’ recorded Rs 12 billion in sales during the 10 days of Navratri.

“The Navratri festival has been extremely good for the real estate developers. Irrespective of change in repo rate by RBI, the sentiments of customers and investors in the residential sector are only becoming more aggressive. Certainly, there is a spike in the customers’ demand for luxury residential segment, falling under Rs 5 crore budget,” said Pankaj Bansal, Director, M3M India.

Gurugram in particular is attracting more young millennials and startups due to a growing highway and expressway network. “The festive season has only brought more energy to the sales, and as a real estate developer, we are confident that this momentum will continue further,” Bansal said.

Real estate sales, both in residential and commercial segments, were brisk and in tune with the all-round positive vibe.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..