Average air ticket prices rose by 9% in Jan-March period

29 May 2024 CW Team

Average flight ticket costs in India climbed 9% in the first quarter of 2024, mostly on account of an overall increase in travel demand and much stronger economic development, according to Australian Securities Exchange-listed FCM Travel. Conglomerates and industries, including manufacturing and IT, drove a 20% increase in premium class reservations between January and March of this year compared to the same period last year, according to FCM Travel.

Sunny Sodhi, Managing Director of FCM Travel India, mentioned that domestic air capacity has increased by over 3%. However, despite this increase, average ticket prices have risen by 9% due to heightened demand for travel, which is attributed to stronger economic growth and a general surge in travel demand. He added that popular domestic routes for business travel include Delhi to Mumbai, Mumbai to Delhi, and Bengaluru to Mumbai. Sodhi observed that India is on track to become the 7th largest business travel market globally, and the country's aviation sector is bolstering the growth in business travel. He noted that business travellers are now more inclined to spend a bit more for a premium travel experience. Regarding international air travel, Sodhi remarked that international air capacity has also surged by 14%, owing to the burgeoning aviation sector in India. Additionally, he mentioned that average international airfares have decreased by 15%, aligning with the global trend of declining yields across airfares.

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..