Anarock: NCR and MMR House prices raised up to 49%

08 Jul 2024 CW Team

According to data from Anarock, average residential prices in the National Capital Region (NCR) and Mumbai Metropolitan Region (MMR) have surged by 49% over the past five years. NCR saw a 49% increase in average residential prices from Rs 4,565 per sq ft in H1 2019 to Rs 6,800 per sq ft in H1 2024, while MMR experienced a 48% rise from Rs 10,610 per sq ft to Rs 15,650 per sq ft during the same period.

Anuj Puri, chairman of Anarock Group, noted that NCR, previously known for its high unsold inventory driven by speculative demand and supply, has reduced its unsold stock by over 52% in the past five years?from approximately 1.82 lakh units at the end of H1 2019 to around 86,900 units by the end of H1 2024. The inventory overhang in NCR decreased to 16 months in H1 2024 from 44 months in H1 2019. This improvement was largely due to a conscious reduction in fresh supply, with only about 1.72 lakh units launched in NCR between H1 2019 and H1 2024.

In contrast, MMR currently has approximately 1.95 lakh units of available stock. Over the past five years, the region has seen a 13% decline in its unsold inventory, driven by significant new launches to meet rising demand. MMR saw over 5.26 lakh units launched between H1 2019 and H1 2024, three times the new supply in NCR during this period. The inventory overhang in MMR decreased to 14 months by the end of H1 2024 from 34 months at the end of H1 2019.

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..

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..

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..