Sales of luxury homes segment increased by 151%, Delhi-NCR at 216%

10 May 2023 CW Team

According to CBRE's 'India Market Monitor Q1 2023' report, the luxury residential market has continued to experience growth in sales and launch activity for the second year in a row in 2023. Between January 2023 and March 2023, an increase of almost 151% YoY was recorded. With a 216% increase in luxury house sales in Q1CY23 compared to Q1CY22, Delhi-NCR is currently in first place. Other major cities with the most demand for high-end real estate properties include Mumbai, Hyderabad, Pune, and Kolkata.

According to the research, "Sales in Delhi-NCR surged by over 216%, Mumbai by 44%, Hyderabad by roughly 800%, Kolkata by 100%, and Pune by nearly 13 times on a YoY basis for quarter ending Jan- Mar' 23." Luxury home ownership is thought to have increased during the pandemic as a result of homebuyers' shifting priorities, who are now more interested in larger homes with better amenities.

A home that costs Rs 40 million or more belongs to the luxury housing market, whereas those priced between Rs 10-15 million are considered premium or high-end. During the months of January through March 2023, the total sales of residential units across all categories showed a 12% increase both quarter over quarter (QoQ) and year over year (YoY). Between January and March 2023, more than 78,000 residential units were sold, while over 81,000 new units were introduced during this time.

According to the survey, of the housing units sold, inexpensive and budget projects came in second with 49% of the market. In an earlier poll conducted by CBRE, it was found that compared to only 29% of baby boomers, more than 50% of Gen-Z respondents expected to move to a new house within the next two years.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..