Business Economy


India’s housing market to see 5-10 pc annual price rise: Report

New Delhi, Nov 8 (UNI) Housing prices in India are expected to rise by 5-10 pc annually over the next few years, said a report of Confederation of Indian Industry (CII) and Colliers.
This sectoral price surge is attributed to the strong demand driven by the growing working-age population, urbanisation, and rising incomes.
The report said, “Residential demand is projected to reach around 5,00,000 units annually by 2030 and could double to one billion by 2047. This growth will be supported by favourable demographics, increasing household incomes, and supportive housing policies.”
Moreover, affordable housing is expected to see steady demand as the median age aligns with homeownership trends. Simultaneously, an ageing population is likely to boost the need for senior living facilities.
Luxury housing is also set to grow, which is driven by a rising number of high-net-worth individuals and greater interest from non-resident Indians investing in Indian real estate.
On the other hand, improved infrastructure, government incentives, and increased trust in reputable developers will reinforce long-term growth in the real estate sector. Tier 2 and Tier 3 cities, including new spiritual hubs, are emerging as attractive housing destinations due to urbanisation and infrastructure expansion.
Redevelopment projects in cities like Mumbai, Bengaluru, and Delhi-NCR, which are supported by progressive zoning policies and transferable development rights, will help bridge demand-supply gaps and modernise urban landscapes.
The report also projected that India’s real estate market could grow from the current Rs 26,59,800 crore (USD 300 billion) to Rs 8,86,60,000 crore (USD 10 trillion) by 2047.
UNI SAS BM
More News

Tata Power and DGPC sign amendment to MoU for expanding clean energy collaboration

08 May 2026 | 1:37 PM

New Delhi, May 8 (UNI) Tata Power, one of India’s largest integrated utilities, on Friday announced the signing of an amendment to its Memorandum of Understanding (MoU) with Druk Green Power Corporation (DGPC) to expand clean energy collaboration with Bhutan, a Tata Power statement said here.

see more..

EU companies bolstering India’s growth and development: Report

08 May 2026 | 1:05 PM

New Delhi, May 8 (UNI) The European union has released a detailed report on deepening integration and growing contribution of European firms in Indian growth and development.

see more..

Federal Bank advances digital banking with EPFO integration

08 May 2026 | 12:29 AM

New Delhi, May 7 (UNI) Federal Bank, one of India's largest private sector banks has integrated its digital platform with Employees Provident Fund Organisation (EPFO) to provide the customers with seamless banking experience.

see more..

RBI okays Kotak stake acquisitions in Federal Bank, AU Bank, J&K Bank

07 May 2026 | 8:35 PM

Mumbai, May 7 (UNI) The Federal Bank as well as the AU Small Finance Bank informed the stock exchange in separate filings here on Thursday, that the Reserve Bank of India (RBI) has cleared the acquisition of 9.99% stakes each in both banks by Kotak Mahindra Bank Ltd.
The Federal Bank stated in its filing that it received formal approval from the RBI allowing Kotak Mahindra Bank to acquire an aggregate holding of up to 9.99% of the bank’s paid-up share capital or voting rights, on May 6, 2026.

see more..

BSE profit jumps 61pc YoY to Rs 797 cr

07 May 2026 | 7:57 PM

Mumbai, May 7 (UNI) The Bombay Stock Exchange Limited officially announced here on Thursday through an exchange filing that it has posted a 61per cent year-on-year (YoY) increase in its consolidated net profit at Rs 797.33 crore for the January-March quarter (Q4 FY26) of the financial year 2025-26 (FY26), as compared to a profit of Rs 494.42 crore in the same period, an year ago.

see more..