The significant increase in sales value was primarily driven by rising input costs associated with real estate projects, including higher land prices, labour costs, and construction materials. Additionally, developers have increasingly focused on premium and luxury housing projects, contributing to the overall increase in transaction values.
PropEquity’s analysis also highlighted broader trends in 15 major tier-II cities across India. Total housing sales in these cities grew by 4 per cent in 2024, reaching 1,78,771 units, up from 1,71,903 units in the previous year. The value of these sales rose by 20 per cent, amounting to Rs 1.52 trillion in 2024, compared to Rs 1.27 trillion in 2023.
The study encompassed key tier-II cities such as Ahmedabad, Surat, Vadodara, Gandhinagar, Nashik, Jaipur, Nagpur, Bhubaneswar, Mohali, Visakhapatnam, Lucknow, Coimbatore, Goa, Bhopal, and Trivandrum. The data underscores the continued expansion of India’s real estate sector, fuelled by growing demand for high-end residential properties in both metropolitan and tier-II markets.
News source: Financial Express
Jaipur’s housing market experienced modest growth in 2024, with residential property sales increasing by 5 per cent to 10,695 units, according to data from real estate analytics firm PropEquity. Despite the moderate rise in unit sales, the total value of these transactions surged by 39 per cent to Rs 83.88 billion, compared to Rs 60.19 billion in 2023. The significant increase in sales value was primarily driven by rising input costs associated with real estate projects, including higher land prices, labour costs, and construction materials. Additionally, developers have increasingly focused on premium and luxury housing projects, contributing to the overall increase in transaction values. PropEquity’s analysis also highlighted broader trends in 15 major tier-II cities across India. Total housing sales in these cities grew by 4 per cent in 2024, reaching 1,78,771 units, up from 1,71,903 units in the previous year. The value of these sales rose by 20 per cent, amounting to Rs 1.52 trillion in 2024, compared to Rs 1.27 trillion in 2023. The study encompassed key tier-II cities such as Ahmedabad, Surat, Vadodara, Gandhinagar, Nashik, Jaipur, Nagpur, Bhubaneswar, Mohali, Visakhapatnam, Lucknow, Coimbatore, Goa, Bhopal, and Trivandrum. The data underscores the continued expansion of India’s real estate sector, fuelled by growing demand for high-end residential properties in both metropolitan and tier-II markets. News source: Financial Express
Doddaballapura, once renowned for its silk sarees, has evolved into a major industrial hub, housing an Apparel Park and diverse manufacturing units producing textiles, paints, and machinery. The region’s strategic location and robust infrastructure have attracted national and international companies, boosting Karnataka’s economy.For the past four years, Allcargo Gati has been a key logistics partner, ensuring efficient distribution of goods across India. With a structured supply chain strategy—65 per ent to the north, 15-20 per cent west, 10-15 per cent east, and 5 per cent south—the c..
The Kolkata Metro Railway has announced a complete traffic block on the East West Metro Corridor (Green Line) on March 8 and 9 for testing the Communication-Based Train Control (CBTC) system. Services will also be partially disrupted on the evening of March 7 and the morning of March 10. The Green Line, India’s first underwater metro tunnel and home to the country’s deepest metro shaft, runs from Howrah Maidan to Salt Lake Sector V. This line’s first phase was inaugurated in 2020 by then Railway Minister Piyush Goyal. Additionally, the Kolkata Metro recently introduced a paper ..
India and Nepal signed a Memorandum of Understanding (MoU) on March 3, 2025, to enhance cooperation in the Water, Sanitation, and Hygiene (WASH) sector, including waste management. The signing ceremony took place at Sushma Swaraj Bhawan in New Delhi, attended by India’s Union Minister of Jal Shakti, CR Patil, and Nepal’s Minister of Water Supply, Pradeep Yadav. The agreement aims to foster collaboration between the two countries to improve access to clean drinking water and sanitation. It outlines key areas of cooperation such as capacity-building programs for Nepali personnel, techno..
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