Housing Prices Surge 10% in Q1

17 May 2024 CW Team

According to the latest report, the cities that contributed significantly to this surge include Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune, Kolkata, and Ahmedabad. Factors such as increased demand from end-users, a resurgence of investor interest, and improved market sentiment have driven this growth.

The report highlights that Mumbai and Delhi-NCR saw the highest price appreciation, largely due to their continued appeal to both domestic and international buyers. In Mumbai, the luxury segment performed particularly well, driven by limited supply and high demand for premium properties. Delhi-NCR, on the other hand, benefited from infrastructure developments and an influx of new projects.

Bengaluru and Hyderabad also recorded substantial price hikes, attributed to their thriving IT industries and robust employment opportunities, which attract a steady influx of professionals seeking housing. Pune and Chennai followed suit, with both markets experiencing healthy demand across various segments, from affordable housing to mid-range and luxury properties.

The growth in Kolkata and Ahmedabad, though slightly lower compared to other cities, still reflected positive market trends driven by local demand and improved economic conditions.

Industry experts believe that this upward trend in housing prices is likely to continue throughout the year, supported by favourable economic indicators, government incentives for homebuyers, and sustained interest from both end-users and investors. However, they also caution that affordability concerns and potential interest rate hikes could pose challenges in the future.

Overall, the 10% increase in housing prices in Q1 2024 underscores a strong recovery and optimism in India's real estate sector, setting a positive tone for the remainder of the year.

In the first quarter of 2024, housing prices in India's top eight real estate markets experienced a notable increase, averaging a 10% rise compared to the previous year. This trend reflects a robust demand for residential properties amidst evolving market dynamics. According to the latest report, the cities that contributed significantly to this surge include Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune, Kolkata, and Ahmedabad. Factors such as increased demand from end-users, a resurgence of investor interest, and improved market sentiment have driven this growth. The report highlights that Mumbai and Delhi-NCR saw the highest price appreciation, largely due to their continued appeal to both domestic and international buyers. In Mumbai, the luxury segment performed particularly well, driven by limited supply and high demand for premium properties. Delhi-NCR, on the other hand, benefited from infrastructure developments and an influx of new projects. Bengaluru and Hyderabad also recorded substantial price hikes, attributed to their thriving IT industries and robust employment opportunities, which attract a steady influx of professionals seeking housing. Pune and Chennai followed suit, with both markets experiencing healthy demand across various segments, from affordable housing to mid-range and luxury properties. The growth in Kolkata and Ahmedabad, though slightly lower compared to other cities, still reflected positive market trends driven by local demand and improved economic conditions. Industry experts believe that this upward trend in housing prices is likely to continue throughout the year, supported by favourable economic indicators, government incentives for homebuyers, and sustained interest from both end-users and investors. However, they also caution that affordability concerns and potential interest rate hikes could pose challenges in the future. Overall, the 10% increase in housing prices in Q1 2024 underscores a strong recovery and optimism in India's real estate sector, setting a positive tone for the remainder of the year.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..