Sales of three-BHKs increased 19% in seven cities: PropEquity report

02 Jun 2021 CW Team

Sales of three-BHK housing units have increased by 19% across the top seven cities in India in the first quarter (Q1) of 2021 to 30,169 units against 25,307 units in Q1 2020 as per a PropEquity report.

Work from home has led to the high demand for homes in India due to the Covid-19 pandemic. The new supply of housing units declined by 30% in the same period to 20,848 in Q1 2021 units from Q1 2020 at 29,836 units as developers were clearing earlier stock and resizing home offerings.

Founder and managing director at PropEquity Samir Jasuja told the media that this trend of buying bigger homes will remain in India as complete vaccination of the eligible Indian population is still not done.

Bengaluru, Chennai, Hyderabad, Mumbai Metropolitan Region (MMR), National Capital Region (NCR), and Pune are the cities where home sales observed growth in Q1 2021 against Q1 2020 at 10%, 43%, 14%, 54%, 13%, and 34%, individually.

Mumbai saw the maximum rise in demand for three-bhk homes, where smaller size homes are more in demand due to high cost.

Bengaluru witnessed an increase of 10% in home sales in Q1 2021 at 5,794 while Chennai registered a 43% increase in home sales in Q1 2021 at 2,387.

In Hyderabad, home sales witnessed a rise of 14% in Q1 2021 at 6,519 units.

Kolkata was the only city to witness a downfall of 12% in home sales during the same period.

Image Source

Also read: Home sales in tier-2, tier-3 cities decline in April amid Covid-19

Also read: Home sales plunge in April-May due to second wave of Covid-19

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..