Housing Sales Rise by 11%

05 Jul 2024 CW Team

The report highlights that the rise in housing sales was observed across major cities, with metropolitan areas like Mumbai, Delhi-NCR, Bengaluru, and Hyderabad leading the growth. These cities accounted for a significant portion of the total sales, showcasing a renewed confidence among homebuyers and investors in the residential market.

Several factors contributed to this positive trend. The economic recovery post-pandemic has played a crucial role, with improving job markets and increased disposable incomes encouraging more people to invest in real estate. Additionally, lower home loan interest rates and attractive payment schemes offered by developers have made homeownership more accessible and appealing to a broader audience.

Government initiatives aimed at promoting affordable housing have also significantly impacted the market. Schemes such as the Pradhan Mantri Awas Yojana (PMAY) and incentives for first-time homebuyers have made it easier for individuals to purchase homes. These measures, combined with relaxed regulatory norms, have spurred demand in the affordable housing segment, contributing to the overall rise in sales.

The report also notes a shift in buyer preferences, with an increasing demand for larger homes and properties in suburban areas. This change is driven by the growing trend of remote work and the desire for more spacious living environments. Suburban regions have witnessed a surge in new residential projects, offering modern amenities and better connectivity, further fueling the sales growth.

Furthermore, the report emphasizes the role of technology in transforming the real estate market. Virtual tours, digital transactions, and online marketing strategies have made the homebuying process more convenient and efficient, attracting tech-savvy buyers. Developers have also adapted to these changes, leveraging technology to enhance customer experience and streamline operations.

Despite the positive growth, the report cautions about potential challenges ahead. Rising construction costs and inflation could impact affordability, while regulatory changes and economic uncertainties might affect market stability. However, the overall outlook remains optimistic, with the residential real estate market expected to maintain its growth trajectory in the coming months.

In conclusion, the 11% rise in housing sales in the first half of 2024 reflects a strong recovery in India's residential real estate market. Driven by economic improvements, government initiatives, changing buyer preferences, and technological advancements, the sector is poised for continued growth, although challenges remain.

In the first half of 2024, housing sales in India surged by 11%, according to a report by Knight Frank. This growth reflects a robust recovery in the residential real estate market, driven by increased demand for homes, favorable economic conditions, and various government initiatives supporting the housing sector. The report highlights that the rise in housing sales was observed across major cities, with metropolitan areas like Mumbai, Delhi-NCR, Bengaluru, and Hyderabad leading the growth. These cities accounted for a significant portion of the total sales, showcasing a renewed confidence among homebuyers and investors in the residential market. Several factors contributed to this positive trend. The economic recovery post-pandemic has played a crucial role, with improving job markets and increased disposable incomes encouraging more people to invest in real estate. Additionally, lower home loan interest rates and attractive payment schemes offered by developers have made homeownership more accessible and appealing to a broader audience. Government initiatives aimed at promoting affordable housing have also significantly impacted the market. Schemes such as the Pradhan Mantri Awas Yojana (PMAY) and incentives for first-time homebuyers have made it easier for individuals to purchase homes. These measures, combined with relaxed regulatory norms, have spurred demand in the affordable housing segment, contributing to the overall rise in sales. The report also notes a shift in buyer preferences, with an increasing demand for larger homes and properties in suburban areas. This change is driven by the growing trend of remote work and the desire for more spacious living environments. Suburban regions have witnessed a surge in new residential projects, offering modern amenities and better connectivity, further fueling the sales growth. Furthermore, the report emphasizes the role of technology in transforming the real estate market. Virtual tours, digital transactions, and online marketing strategies have made the homebuying process more convenient and efficient, attracting tech-savvy buyers. Developers have also adapted to these changes, leveraging technology to enhance customer experience and streamline operations. Despite the positive growth, the report cautions about potential challenges ahead. Rising construction costs and inflation could impact affordability, while regulatory changes and economic uncertainties might affect market stability. However, the overall outlook remains optimistic, with the residential real estate market expected to maintain its growth trajectory in the coming months. In conclusion, the 11% rise in housing sales in the first half of 2024 reflects a strong recovery in India's residential real estate market. Driven by economic improvements, government initiatives, changing buyer preferences, and technological advancements, the sector is poised for continued growth, although challenges remain.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..