Author: Team

Q1 2025 Sees Housing Sales Dip 28percentage Y-o-Y in 7 Cities, Launches Decline 10percentage

Mumbai, 27 March 2025: Skyrocketing residential prices coupled with geopolitical headwinds have slowed the Indian housing market’s bull-run in Q1 2025. Latest ANAROCK data finds that the year’s first quarter saw sales drop 28% across the top 7 cities against the same period in 2024. Approx. 93,280 units were sold in Q1 2025 in the top 7 cities, in sharp contrast to all-time high sales of over 1.30 lakh units in Q1 2024.

Anuj Puri, Chairman – ANAROCK Group, says, “MMR and Pune accounted for 51% of the total sales, with MMR seeing a 26% yearly drop and Pune a decline of over 30%. At 49%, Hyderabad saw the highest annual drop in sales, while Bengaluru had the lowest decline at 16%.”

New launches across the top 7 cities remained above the one lakh mark but saw a 10% yearly decline – from approx. 1,10,865 units in Q1 2024 to approx. 1,00,020 units in Q1 2025.

“Notably, MMR and Bengaluru saw the maximum new supply in Q1 2025, accounting for 52% of the total new launches across the top 7 cities,” adds Puri. “While MMR saw new supply drop by 9% annually, Bengaluru saw new supply increase by 27% in this period. NCR, Bengaluru and Kolkata saw supply rise by 53%, 27% and 26%, respectively, while the other cities recorded supply declines – with Hyderabad recording the highest 55% yearly decrease.”

Though new launches stayed above the 1 lakh mark in Q1 2024, unsold inventory dropped by 4% annually – from approx. 5,80,890 units by Q1 2024-end to approx. 5,59,810 units by Q1 2025-end. Among the top cities, Pune saw the highest decline of 16% in its available stock in Q1 2025. In contrast, Bengaluru saw its unsold stock rise by a significant 28% – to approx. 58,660 units – by Q1 2025-end.

“India’s overall economic scenario remains positive, with GDP growth rate pegged to be the highest globally and inflation also under control,” says Puri. “However, rising housing prices and global headwinds like ongoing geopolitical tensions and a weak global economy, has taken their toll on India’s residential market activity. These factors cascaded down into the housing market in Q1 2025.”

New Launch Overview

The top 7 cities saw approx. 1,00,020 units launched in Q1 2025, against approx. 1,10,865 units in Q1 2024 – a 10% decline. The key cities contributing to new launches in Q1 2025 were the Mumbai Metropolitan Region, Bengaluru, Pune, and the National Capital Region, which together accounted for 80% of the quarter’s supply addition.

• MMR saw approx. 30,755 units launched in Q1 2025 – a decline of approx. 9% over Q1 2024. Over 56% of the new supply was in the sub-INR 80 lakh budget segment.
• Bengaluru added approx. 20,855 units in Q1 2025 – a yearly rise of 27%. Approx. 53% of the new supply was in the luxury segment priced > INR 1.5 Cr.
• Pune added approx. 16,860 new units in Q1 2025 compared to approx. 18,770 units in Q1 2024, marking a 10% drop. Approx. 79% of the new supply was in the mid and premium segments (INR 40 lakh – INR 1.5 Cr.)
• NCR saw new supply increase by a massive 53% over Q1 2024, with approx. 11,120 units launched in Q1 2025 against approx. 7,270 units in Q1 2024. Notably, 70% of the new supply was in the ultra-luxury segment (priced >INR 2.5 Cr.).
• Hyderabad added approx. 10,275 units in Q1 2025 – a yearly decline of 55% over the same period in 2024 when approx. 22,960 units were launched. Over 70% of the new supply was in the luxury & ultra-luxury segments (priced >INR 1.5 Cr).
• Chennai added approx. 4,755 units in Q1 2025, marking a 35% decline. At least 81% of the new supply was in the mid and premium segments (priced within INR 40 lakh to INR 1.5 Cr)
• Kolkata added approx. 5,400 units in Q1 2025, a 26% rise over Q1 2024. Approx. 59% of the new supply was in the affordable and the mid segments (priced up to INR 80 lakh.)

Approx. 93,280 units were sold in Q1 2025 – a 26% decrease over Q1 2024. NCR, MMR, Bengaluru, Pune, and Hyderabad together accounted for 91% of sales in the quarter.

• MMR saw the highest housing sales with approx. 31,610 units in Q1 2025, decreasing by 26% over Q1 2024 when approx. 42,920 units were sold
• Pune saw approx. 16,100 units sold in Q1 2025, decreasing by 30% over Q1 2024 when approx. 22,990 units were sold
• Bengaluru saw approx. 15,000 units sold in Q1 2025 – a 16% decline of against Q1 2024 when approx. 17,790 units were sold
• NCR saw a 20% decline in sales – from approx. 15,650 units in Q1 2024 to approx. 12,520 units in Q1 2025
• Hyderabad saw approx. 10,100 units sold in Q1 2025, a 49% decline over Q1 2024 when approx. 19,660 units were sold
• Chennai saw approx. 4,050 units sold in Q1 2025 – a 26% decline over Q1 2024 when approx. 5,510 units were sold
• Kolkata also saw sales decline by 31% – from approx. 5,650 units in Q1 2024 to approx. 3,900 units in Q1 2025.

Price Movement

Average residential property prices across the top 7 cities saw a significant jump in the last one year – ranging between 10-34% in Q1 2025 – when compared to Q1 2024. This was primarily due to steep new supply additions in the luxury and ultra-luxury segment, and overall strong demand. NCR and Bengaluru recorded the highest annual price jump of over 34% and 20%, respectively.

Unsold Inventory

Despite a supply of over one lakh new units in the top 7 cities in Q1 2025, overall available inventory dropped by 4% in Q1 2025 when compared to Q1 2024. The total available inventory in the top 7 cities as of Q1 2025-end stands at approx. 5.60 lakh units. At 16%, Pune saw the highest reduction in unsold inventory in Q1 2025 when compared to Q1 2024.

TTK Prestige Redefines Kettles with the New Digi Kettle Collection

Hyderabad, 27th March 2025 – TTK Prestige, a household name in innovative kitchen appliances, proudly introduces its latest Digi Kettle Range, designed to redefine the way you brew tea, coffee, and instant meals. Packed with smart technology, modern aesthetics, and advanced safety features, this new collection ensures precision heating, effortless usability, and maximum convenience.

The Prestige Digi Kettle 2.0L stands out with its Live Temperature Display, which allows users to monitor heating in real time. Equipped with four preset temperature modes and a Keep Warm function, it guarantees the perfect brew every time. The 360° Swivel Base ensures easy, cordless pouring from any angle, enhancing ease of use. Designed with safety in mind, it features Automatic Power Cut-Off to prevent overheating and Dry Heat Protection to avoid operation without water. The stainless steel inner body ensures durability and purity, while the single-touch lid locking system adds an extra layer of convenience.

Expanding its range, TTK Prestige also introduces the Prestige Glass Kettle 1.8L and the Prestige Cool Touch Kettle 1.5L, catering to diverse consumer needs. The Prestige Glass Kettle 1.8L seamlessly blends style and functionality with its sleek glass body, blue LED indicator, and metallic rose gold finish. Designed for enhanced safety and efficiency, it features Auto Cut-Off, Dry Heat Protection, and a Concealed Heating Element. The Prestige Cool Touch Kettle 1.5L, available in black and white, is a stylish and secure choice with a cool-touch exterior that makes it safe to handle even while boiling. It is equipped with Auto Cut-Off, Dry Heat Protection, and a concealed heating element, ensuring a seamless and worry-free experience.

PRONGO by PLUSS Advanced Technologies Sets New Standard for Temperature-Controlled Packaging

India, March 27, 2025 – PLUSS Advanced Technologies Ltd. has introduced PRONGO®, a new line of temperature-controlled packaging and boxes designed to maintain a stable temperature of around 14 degrees Celsius for frozen and temperature-sensitive food products. This innovation aims to address challenges in the transportation of chocolates, ice creams, dairy products, and other frozen goods like fish, particularly in high-temperature conditions exceeding 40 degrees Celsius.

PRONGO® utilizes Phase Change Material (PCM) technology to regulate temperature without relying on dry ice or other conventional cooling methods. This approach helps preserve the taste, texture, and quality of products while eliminating potential safety risks associated with dry ice.

Samit Jain, Managing Director of PLUSS Advanced Technologies, stated, “Our focus at PLUSS is to develop solutions that address everyday challenges. Among the various products we have developed, PRONGO® is specifically designed to preserve the quality and freshness of temperature-sensitive items during transport, minimising the risk of melting, freezer burn, and temperature fluctuations that could impact the consumer experience.”

PRONGO® functions as a thermal battery, regulating heat absorption to stabilize temperatures during transit. This helps ensure that frozen and temperature-sensitive products stay in optimal condition without exposure to extreme temperature variations, preserving their quality until they reach consumers.

Blockchain Education Gets a Boost with Binance Academy and University of Oulu Partnership

March 27, 2025: Binance Academy, the education platform of Binance, has joined forces with Finland’s University of Oulu to launch a course on “Blockchain for Business Sustainability.” This collaboration brings together Binance Academy’s expertise in crypto and blockchain education with the University of Oulu’s strong academic foundation in business and technology.

Revolutionizing Sustainability Through Blockchain

Developed in partnership with Dr. Teck Ming (Terence) Tan, Associate Professor of Marketing at Oulu Business School and Adjunct Professor at the University of Helsinki, this free, self-paced course addresses the rising demand for sustainability-focused blockchain education. It consists of 12 modules covering key topics such as supply chain transparency, renewable energy adoption, and eco-friendly business strategies. Quizzes at the end of each week help reinforce learning, and participants who complete the course will receive a co-branded certificate from Binance Academy and the University of Oulu.

“We designed this course to clarify what blockchain can truly achieve in sustainability,” said Professor Tan. “By focusing on five key areas – supply chain management, circular economy, renewable energy, ESG (environmental, social, and governance) reporting, and incentivization – we hope to showcase how blockchain technology can drive real impact.”

He emphasized that blockchain’s decentralized nature opens new possibilities for sustainable business practices. “It has been an inspiring journey to partner with Binance Academy and share insights on blockchain’s role in shaping a greener future,” he added.

Bringing Transformative Ideas to Life

Bringing this vision to life, Binance Academy worked closely with Professor Tan to develop the course, offering its expertise in educational design and blockchain resources. Through this collaboration, the course integrates academic research with real-world applications, making complex blockchain concepts accessible to learners of all backgrounds.

Stephen McAllister, Binance Academy Team Lead, highlighted the significance of education in driving blockchain adoption. “Education is key to helping individuals navigate the evolving digital economy,” he said.

McAllister emphasized that the partnership with the University of Oulu makes blockchain education more accessible and applicable to real-world challenges. “This free course will give learners the knowledge to see how blockchain can drive sustainability, helping industries become more transparent, efficient, and environmentally responsible,” he noted.

A Vision in Motion

This partnership aligns with Binance Academy’s vision of making blockchain education accessible, practical, and impactful for learners worldwide. It builds on past collaborations with leading European universities, such as the Prague University of Economics and Business, the European Business University of Luxembourg, and the European School of Management (ESCP), to offer accredited Web3 courses.

Additionally, Binance Academy’s Learn and Earn and Student Ambassador Program further enhance the learning experience, offering lifelong learners hands-on opportunities to learn and actively engage with the blockchain community. By expanding educational initiatives like these, Binance Academy bridges the gap between blockchain technology and real-world applications, empowering the next generation to drive innovation in a more transparent and sustainable digital economy.

Honeywell and Verizon Drive Energy Grid Innovation with Cutting-Edge 5G Connectivity

INDIA, March 27, 2025 – Honeywell and Verizon Business today announced that Honeywell smart meters will now include Verizon 5G connectivity to allow both utilities and end users to remotely access essential data, better manage energy usage and resources, and streamline operations to help alleviate strain on the grid.

The Verizon-connected Honeywell smart meters provide utility companies with a highly reliable and secure cellular network capable of sending information about energy usage, grid conditions and equipment performance. This information can be fed into utility management platforms such as Honeywell Forge Performance+ for Utilities to deliver heightened operational visibility that will support energy insights, provide near real-time “bottoms up” forecast of energy demand, and help improve grid reliability and resiliency.

“Put simply: secure, reliable connectivity in smart meters makes it easier to monitor the usage of resources and the performance of utility equipment. That means we can reduce waste, unburden our grids, and generally take time and cost out of the utility management process,” said TJ Fox, Senior Vice President of Industrial IoT and Automotive at Verizon Business. “With massive changes on the horizon for utilities, connected capabilities are going to be critical for managing evolving demands for energy and minimizing outages or unforeseen maintenance events.”

“By leveraging the power of AI, Cloud and 5G, we are driving the shift to autonomy for utilities and fundamentally changing the way energy distribution is managed by offering real time connectivity,” said Amol Motivala, President of Honeywell Smart Energy. “Through Verizon 5G connectivity, we are reimagining the utility ecosystem with cellular connected smart meters that provide the needed insights to help improve grid performance and customer satisfaction.”

“With the growth of IoT solutions for utilities, there’s a clear trend toward using cellular-connected intelligence to monitor the grid for operational efficiency, health, resiliency, energy usage and overall performance,” said John Marcus, Senior Principal Analyst, GlobalData. “This is especially important as charging infrastructure and energy-management innovations continue to proliferate and are poised for rapid growth. Cellular connectivity, with its inherent security and reliability, is one of the most effective ways to enable the intelligence that can help unburden the grid and more efficiently, intelligently manage energy resources.”

The Verizon-connected Honeywell smart meters also support remote upgradability of new functionality and applications, extending the useful life of the investment and reducing the need for a technician to visit in person. With remote connectivity, customers can also anticipate fewer service interruptions and more reliable utilities.