Residential real estate sales surge 51% in top 8 cities in 2021

11 Jan 2022 CW Team

Housing sales across the leading eight cities surged 51% in 2021, even as the office market continued to decline due to the Covid-19 pandemic, with gross leasing observing a 3% drop, as per Knight Frank India.

Residential sales rose to 2,32,903 units in 2021, from 1,54,534 homes in 2020, but demand dropped 5% from the 2019 pre-pandemic levels and 37% lower than the 2011 peak numbers. In the office segment, the gross leasing of office space dropped to 38.1 million sq ft in 2021, from 39.4 million sq ft in the previous year, due to the unfavourable effect of the second wave of the Covid-19 pandemic. The demand is much less than the record 60.6 million sq ft attained in 2019.

Releasing its report 'India Real Estate: 2021', property consultant Knight Frank India told the media that in an extraordinary year marred by the pandemic and lockdowns, the realty sector displayed great resilience last year. Residential sales in the second half of the past calendar year observed the highest volume since the first half of 2016.

Despite the troubles generated by the pandemic, residential sales momentum surged across the leading eight markets of the nation due to an overload of demand stimulants like lowest home loan rates, government sops and change in attitude, Knight Frank India CMD Shishir Baijal, told the media.

Strong market ideas must continue to help market volumes in the near term. In terms of 12-month housing cost change, Hyderabad, Chennai, and Bengaluru listed an increment of 7%, 5% and 4%, respectively. Mumbai observed a marginal increment of 1%. The costs were recorded to be stable in Kolkata, Ahmedabad and Pune. The Delhi-NCR observed a marginal drop of 1%.

Image Source

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..