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86% Projects Launched Post RERA in H2 2017 and 2018 Completed in Top 7 Cities One of the primary aims of the Real Estate Regulatory Act (RERA) was, and continues to be, safeguarding homebuyers from the harrowing issue of delayed and stalled housing projects. To a large extent, this objective is being achieved. Latest ANAROCK Research data finds that at least 86% of residential projects launched in the post-RERA period from H2 2017 and entire 2018 are completed. (Only H2 2017 & 2018 projects have been considered because on an average, it does not take more than 5...
86% Projects Launched Post RERA in H2 2017 and 2018 Completed in Top 7 Cities
86% Projects Launched Post RERA in H2 2017 and 2018 Completed in Top 7 Cities
Source: PR Agency
6/09/2023 6:02:56 PM
India house prices on track for steady rises, affordability to worsen Home prices in India are set to rise steadily in single digit percentages over the coming years along with economic growth, according to a Reuters poll of property analysts who expect affordability for first-time buyers to worsen. Following a relatively modest 250 basis points of interest rate rises from the Reserve Bank of India to 6.50%, expectations of a resilient economy have underpinned property market strength, along with relentless demand for housing. Average home prices were exp...
India house prices on track for steady rises, affordability to worsen
India house prices on track for steady rises, affordability to worsen
Source: Reuters
1/09/2023 9:48:25 AM
Mumbai Clocks 3rd Consecutive Month of 10,000+ Property Registrations in August 23 Mumbai’s adrenaline-charged property market continues its dream run. The city registered 10,455 housing units in August 2023 - the third consecutive month of 10,000+ property registrations. The revenue collected by the Government this month was INR 776 Crore, a 7% decline from July 2023, but a 21% increase from August 2022.   A quick assessment of new unit launches in Mumbai for the period of Apr-Jun 2023 indicates that properties ranging from 500 - 1,000 sq ft dominated with...
Mumbai Clocks 3rd Consecutive Month of 10,000+ Property Registrations in August 23
Mumbai Clocks 3rd Consecutive Month of 10,000+ Property Registrations in August 23
Source: PR Agency
31/08/2023 5:17:44 PM
59 Land Deals for 2,018+ Acres Closed Across India in 2023 YTD Buoyed by growing demand in the post-Covid world across various sectors of Indian real estate, developers and some business entities are coming forward to purchase land across cities.   “Latest ANAROCK Research indicates that as many as 59 separate land deals for 2018+ acres have been closed across the country between January to August 2023,” says Anuj Puri, Chairman – ANAROCK Group. “In the corresponding period last year, about 50 land deals for 1,438+...
59 Land Deals for 2,018+ Acres Closed Across India in 2023 YTD
59 Land Deals for 2,018+ Acres Closed Across India in 2023 YTD
Source: PR Agency
21/08/2023 4:24:50 PM
RBI Keeps Repo Rate Unchanged - Advantage Housing By Anuj Puri, ANAROCK Group Below View On RBI Keeps Repo Rate Unchanged - Advantage Housing By Anuj Puri, Chairman – ANAROCK Group As widely anticipated, the RBI has decided to keep the repo rates unchanged at 6.5%. India continues to outperform other countries in terms of consumption and with the festive season coming up, the RBI will not risk denting it. This is nothing but good news for aspiring homebuyers on the market for a purchase in the near future. The unchanged repo rate will help maintai...
RBI Keeps Repo Rate Unchanged - Advantage Housing By Anuj Puri, ANAROCK Group
RBI Keeps Repo Rate Unchanged - Advantage Housing By Anuj Puri, ANAROCK Group
Source: PR Agency
10/08/2023 10:57:03 AM
Mumbai Records 9,923 Property Registrations in July 2023 - Down 4% from June and 12% Annually July 2023 saw property registrations in Mumbai, India's most prominent property market, recording a marginal decline with 9,923 units being registered. The revenue collected by the Government in July 2023 amounted to INR 808 Crore, reflecting a 6% decrease from June 2023 and a 3% decline from July 2022. Anuj Puri, Chairman – ANAROCK Group, says, “A quick assessment of new unit launches in Mumbai for the period of Apr-Jun 2023 indicates that properties ranging from 500 ...
Mumbai Records 9,923 Property Registrations in July 2023 - Down 4% from June and 12% Annually
Mumbai Records 9,923 Property Registrations in July 2023 - Down 4% from June and 12% Annually
Source: PR Agency
31/07/2023 3:03:27 PM
Affordable Housing Demand Shrinks to 20% in H1 2023, MMR, Pune Drive Sales While the Indian luxury homes segment is firing on all cylinders, affordable housing continues to languish due to pandemic-induced demand changes and various other factors. Both supply and demand for affordable housing is shrinking, finds latest ANAROCK Research data. Anuj Puri, Chairman - ANAROCK Group, says, "The total sales share of this erstwhile poster-boy segment is down to approx. 20% in H1 2023, against 31% in the corresponding period in 2022. Of approx. 2.29 lakh units s...
Affordable Housing Demand Shrinks to 20% in H1 2023, MMR, Pune Drive Sales
Affordable Housing Demand Shrinks to 20% in H1 2023, MMR, Pune Drive Sales
Source: PR Agency
24/07/2023 10:27:57 AM
Listed Developers` Cost of Debt Shrinks to 9% in FY23 from 10.3% in FY20 The unfettered demand for housing across the country has enabled the country’s leading large and listed developers to reduce their debt, reveals an analysis of the financials declared by the top 8 developers [1] engaged in the development of residential real estate. As per ANAROCK Research, the net debt of top 8 listed developers has reduced from INR 405 Bn in FY20 to over INR 230 bn in FY23 – recording a decline of 43% in the period. On yearly basis, the net debt of devel...
Listed Developers` Cost of Debt Shrinks to 9% in FY23 from 10.3% in FY20
Listed Developers` Cost of Debt Shrinks to 9% in FY23 from 10.3% in FY20
Source: PR Agency
17/07/2023 12:40:48 PM
Housing Sales Hit New Peak in Q2 2023 - Over 1.15 Lakh Units Sold in Top 7 Cities Mumbai: Despite spiralling home loan rates in recent past and global economic headwinds including layoffs by several large and small corporates, the bull run in the Indian housing market continued in the second quarter of the year. Quarterly housing sales are at an all-time high with approx. 1,15,100 units sold in Q2 2023 across the top 7 cities, reveals latest ANAROCK Research data. This is a 36% yearly rise as against approx. 84,940 units sold back in Q2 202...
Housing Sales Hit New Peak in Q2 2023 - Over 1.15 Lakh Units Sold in Top 7 Cities
Housing Sales Hit New Peak in Q2 2023 - Over 1.15 Lakh Units Sold in Top 7 Cities
Source: PR Agency
28/06/2023 3:06:16 PM
Unsold Stock of Homes Priced >INR 2.5 Cr Sees 24% Yearly Dip in MMR Luxury housing sales continued to top the charts post the pandemic - particularly in MMR, where prices in this segment had dropped during the first wave. Latest ANAROCK data shows a 24% yearly decline in MMR's unsold stock of homes priced >INR 2.5 Cr.   At Q1 2022-end, MMR's unsold stock in this category stood at approx. 20,480 units; this dropped to approx. 15,520 units by Q1 2023-end. At pre-Covid Q1 2019-end, MMR's luxury stock was approx. 23,130 units.   ...
Unsold Stock of Homes Priced >INR 2.5 Cr Sees 24% Yearly Dip in MMR
Unsold Stock of Homes Priced >INR 2.5 Cr Sees 24% Yearly Dip in MMR
Source: PR Agency
22/06/2023 3:02:39 PM
Amid 7% Increase of Avg. Home Sizes in 5 Years, New Flats in MMR Shrunk 20% Mumbai: Size continues to matter for Indian homebuyer, even after relative market normalcy has been restored post the Covid-19 pandemic. Latest ANAROCK data indicates that average flat sizes in fresh supply hitting the top 7 cities grew 7% in the last five years – from approx. 1,150 sq. ft. in 2018 to approx. 1,225 sq. ft. in Q1 2023. In 2022, the average flat size in these cities stood at 1,185 sq. ft., and at 1,170 sq. ft in 2021. "MMR is the only city where average flat ...
Amid 7% Increase of Avg. Home Sizes in 5 Years, New Flats in MMR Shrunk 20%
Amid 7% Increase of Avg. Home Sizes in 5 Years, New Flats in MMR Shrunk 20%
Source: PR Agency
12/06/2023 11:24:41 AM
Repo Rate Steady Home Loan Interest Rates Still in Single Digits By Anuj Puri, ANAROCK Group Below View On Repo Rate Steady - Home Loan Interest Rates Still in Single Digits By Anuj Puri, Chairman – ANAROCK Group As was anticipated, the RBI has decided to keep the repo rates unchanged at 6.5%. This gives some respite to prospective homebuyers looking to avail of home loans in the near future. The unchanged repo rate can help maintain the momentum in housing sales, which has so far been firing on all cylinders in 2023. As per ANAROCK Research, we saw housing sales i...
Repo Rate Steady Home Loan Interest Rates Still in Single Digits By Anuj Puri, ANAROCK Group
Repo Rate Steady Home Loan Interest Rates Still in Single Digits By Anuj Puri, ANAROCK Group
Source: PR Agency
8/06/2023 3:22:25 PM
India home prices set to stay above inflation  Home prices in India are set to hold above consumer inflation, even though interest rates are expected to stay higher for longer than previously thought, a Reuters poll of property analysts found. A surge in savings and minimal income disruption to cash-rich home buyers during the pandemic led to a rise in demand that has made the market more resilient to interest rates than initially expected. The May 16-June 1 poll of 12 property analysts predicted national home prices would rea...
India home prices set to stay above inflation
India home prices set to stay above inflation
Source: Reuters
5/06/2023 8:58:39 AM
Indian commercial real estate lull to continue for at least two more years ANAROCK`s Puri The ongoing lull in Indian commercial real estate will likely continue for at least two more years, though it was not clear when the sector would see a full recovery, the chairman of property consulting company ANAROCK said on Tuesday. Commercial real estate lags behind its residential counterpart across the country. While residential sales have hit an all-time high in the first quarter of 2023, mainly due to home buying, commercial real estate continues to struggle to match pre-pandemic l...
Indian commercial real estate lull to continue for at least two more years ANAROCK`s Puri
Indian commercial real estate lull to continue for at least two more years ANAROCK`s Puri
Source: Reuters
16/05/2023 3:24:00 PM
Value of Residential Real Estate Sales Hits a New Record in FY23 All eyes are on India as it emerges as the world’s most populous country and the fastest-growing nation amidst a global economic slowdown. Even as India’s consumption-driven economy lures businesses of all stripes, the country’s housing market is now the primary growth driver for its real estate sector. residential real estate segment continues to show boundless forward momentum, and is setting unprecedented benchmarks,â€&...
Value of Residential Real Estate Sales Hits a New Record in FY23
Value of Residential Real Estate Sales Hits a New Record in FY23
Source: PR Agency
15/05/2023 11:34:20 AM
45% Property Seekers in NCR and 32% in MMR Prefer to Buy 3BHKs - CII-ANAROCK Mumbai: The consumer sentiment for bigger homes continues unabated. Out of a total of 4,662 survey participants, 42% currently prefer 3BHKs, finds the CII-ANAROCK report 'The Housing Market Boom’ released at the 5th Edition of the CII Real Estate Confluence 2023 in Mumbai, where ANAROCK was Knowledge Partner, today. 40% of the surveyed participants prefer 2BHKs, 12% will opt for 1BHK, and 6% seeks homes exceeding the 3BHK configuration. The two realty hotspots NCR ...
45% Property Seekers in NCR and 32% in MMR Prefer to Buy 3BHKs - CII-ANAROCK
45% Property Seekers in NCR and 32% in MMR Prefer to Buy 3BHKs - CII-ANAROCK
Source: ANAROCK Property Consultants Pvt Ltd
18/04/2023 12:11:35 PM
Q1 2023-end Housing Inventory Down to 20 Months from 42 Months in 2018 Mumbai: On the back of significant momentum in the residential property market, housing inventory overhang across the top 7 cities plunged to just 20 months by Q1 2023-end, from 42 months by Q1 2018-end - reaching the lowest in the last five years. ANAROCK data shows that the inventory overhang in the top 7 cities in the last five years was the highest by Q1 2020-end, at 55 months. Inventory measured in months indicates the number of months it will take for the current unsold housing ...
Q1 2023-end Housing Inventory Down to 20 Months from 42 Months in 2018
Q1 2023-end Housing Inventory Down to 20 Months from 42 Months in 2018
Source: PR Agency
10/04/2023 1:45:29 PM
Sudarshan Chemical Industries Sells 5.76 Acres Land Parcel in Pune Pune, ANAROCK Group has announced the sale of a 5.76-acre land parcel on Wellesley Road in Sangamwadi, Pune. Sudarshan Chemical industries, a leading global player of colour and effect pigments, has sold this land to Birla Estates Private Limited, the real estate arm of the Aditya Birla Group housed under Century Textiles and Industries Limited. The deal was concluded on 6th April, 2023. Commenting on this land deal, Mr. Rajesh Rathi – Managing Director, Sudars...
Sudarshan Chemical Industries Sells 5.76 Acres Land Parcel in Pune
Sudarshan Chemical Industries Sells 5.76 Acres Land Parcel in Pune
Source: PR Agency
10/04/2023 11:48:18 AM
The repo rates unchanged comes as a welcome respite to homebuyers Says Anuj Puri, ANAROCK Group Below Views On Unchanged repo rates a boon for the housing market By Anuj Puri, Chairman - ANAROCK Group Much against general expectations, the RBI decided to keep the repo rates unchanged at 6.5% today. This is indeed good for the residential real estate market, which faces a tough road ahead amid massive layoffs by large corporates the world over. India is not decoupled from global economic dynamics and their invariable impact on the housing uptake here. The RBI’s deci...
The repo rates unchanged comes as a welcome respite to homebuyers Says Anuj Puri, ANAROCK Group
The repo rates unchanged comes as a welcome respite to homebuyers Says Anuj Puri, ANAROCK Group
Source: PR Agency
6/04/2023 5:14:23 PM
Housing Sales Breach 1 Lakh Mark in Q1 2023 Amid High-end Homes Demand Boost Despite global economic headwinds, including layoffs by several large and small corporates, the bull run in the Indian housing market continued in the first quarter of the year. Quarterly housing sales are at an all-time high in the last decade, with approx. 1,13,770 units sold in Q1 2023 across the top 7 cities, reveals latest ANAROCK Research data. This is a 14% yearly rise against approx. 99,550 units sold back in Q1 2022. The two leading western markets MMR and Pune...
Housing Sales Breach 1 Lakh Mark in Q1 2023 Amid High-end Homes Demand Boost
Housing Sales Breach 1 Lakh Mark in Q1 2023 Amid High-end Homes Demand Boost
Source: PR Agency
27/03/2023 11:09:36 AM
India housing market to remain resilient despite higher interest rates India's housing market will remain resilient despite rising interest rates and a weak global economic outlook, according to a Reuters poll of property analysts who have barely changed their forecasts from three months ago. Defying a global trend of falling housing prices as mortgage rates rise and crimp affordability, India has exhibited resilience and is emerging from a decade-long downturn due to strong demand. A major source of employment in a country of 1.4 billion people where ...
India housing market to remain resilient despite higher interest rates
India housing market to remain resilient despite higher interest rates
Source: Reuters
7/03/2023 9:42:07 AM
Repo rate hike as expected, may further impact affordable housing demand Real Estate Industry on Wednesday claimed that the repo rate hike by the RBI is likely to impact the demand of affordable housing in the country. Given that interest rates may breach the 9.5 per cent mark with the hike, the affordable housing segment may see some pressure on sales volumes. Anuj Puri, Chairman, ANAROCK Group said that the 25 bps rate hike is much along the expected lines. "With repo rates now at 6.5 per cent, there could be some repercussions on housing uptake as...
Repo rate hike as expected, may further impact affordable housing demand
Repo rate hike as expected, may further impact affordable housing demand
Source: IANS
8/02/2023 2:10:17 PM
RBI Monetary Policy : Rate Hike As Expected, May Further Impact Affordable Housing Demand Says Anuj Puri, ANAROCK Property Consultants Below are Views On Monetary Policy By Anuj Puri, Chairman - ANAROCK Property Consultants The 25 bps rate hike is much along the expected lines. With repo rates now at 6.5%, there could be some repercussions on housing uptake as home loan interest rates will head further north. The rates had already crept up after five consecutive rate hikes over the last one year. This will add to the financial burden on homebuyers as apart from home loan interest rates, property prices have also inched up...
RBI Monetary Policy : Rate Hike As Expected, May Further Impact Affordable Housing Demand Says Anuj Puri, ANAROCK Property Consultants
RBI Monetary Policy : Rate Hike As Expected, May Further Impact Affordable Housing Demand Says Anuj Puri, ANAROCK Property Consultants
Source: ANAROCK Property Consultants Pvt Ltd
8/02/2023 12:28:09 PM
Affordable housing demand down to 26% in 2022, sector expects boost from Budget While the affordable housing segment, the backbone of the housing sector, has witnessed a poor performance, the country's residential real estate sector looks to Budget 2023-24 to boost the country's flagging affordable housing segment. ANAROCK's Consumer Sentiment Survey finds that in 2022, demand for affordable housing has sunk precariously. In 2018, nearly 39 per cent property seekers in the top seven Indian cities were keen on affordable homes priced within Rs 40 lakh. This...
Affordable housing demand down to 26% in 2022, sector expects boost from Budget
Affordable housing demand down to 26% in 2022, sector expects boost from Budget
Source: IANS
30/01/2023 1:44:14 PM
Year 2022 witnessed record-high housing sales, new launches in 7 top cities The year 2022 witnessed record-high housing sales and new launches across the top seven cities in the country, according to new data. The data from real estate services company ANAROCK revealed that unit completions have also remained on top between 2017 till 2022. Nearly 4.02 lakh homes were completed in the year 2022 in these cities which is about 44 per cent higher than in 2021, when approximately 2.79 lakh homes were completed. Of the total completed homes in 2022, the highest we...
Year 2022 witnessed record-high housing sales, new launches in 7 top cities
Year 2022 witnessed record-high housing sales, new launches in 7 top cities
Source: IANS
16/01/2023 12:09:28 PM
2023 : More Smooth Sailing or Bumpy Ride for Indian Real Estate? Below is View on Indian Real Estate Sector Outlook 2023 By Anuj Puri, Chairman - ANAROCK Property Consultants Residential Real Estate Housing sales remained upbeat throughout 2022, and the current sales momentum will sustain at least into the first quarter of 2023. Thereafter, much will depend on forces other than the desire for homeownership, such as additional repo rate hikes and property price increases. 2022 saw the repo rate go up by almost 225 bps, and home loa...
2023 : More Smooth Sailing or Bumpy Ride for Indian Real Estate?
2023 : More Smooth Sailing or Bumpy Ride for Indian Real Estate?
Source: PR Agency
22/12/2022 2:51:10 PM
Listed developers cost of debt dips to 8.14% in Q2 FY23 from 9.64% in Q4 FY20 Says Anuj Puri, ANAROCK Group iDespite the back-to-back repo rate hikes in 2022, the average cost of debt for the top eight listed realty players is at its lowest since the pandemic. Analysing the financial data of the top listed players reveals that with the rise in sales revenue, their average cost of debt has reduced from 9.64% in Q4 FY20 to approx. 8.14% in Q2 FY23.   The net debt of these developers is down to INR 208 Bn by end Q2 FY23 - lower than the pre-pandemic levels. It was INR 245 Bn by Q4 FY20 and ...
Listed developers cost of debt dips to 8.14% in Q2 FY23 from 9.64% in Q4 FY20 Says Anuj Puri, ANAROCK Group
Listed developers cost of debt dips to 8.14% in Q2 FY23 from 9.64% in Q4 FY20 Says Anuj Puri, ANAROCK Group
Source: PR Agency
19/12/2022 12:12:25 PM
Real Estate Sector Budget Expectations 2023-24 By Anuj Puri, Anarock Group By Anuj Puri, Chairman - ANAROCK Group   India Inc. has already started pinning hopes on various economic reforms in the upcoming Union Budget 2023-24. Unavoidably, there is quite a bit of overlap with previous years in the form of recurring demands which have, so far, not been or insufficiently met.   The demands for single-window clearance and industry status for real estate are among the recurrent ones, and have yet to be addressed. The sec...
Real Estate Sector Budget Expectations 2023-24 By Anuj Puri, Anarock Group
Real Estate Sector Budget Expectations 2023-24 By Anuj Puri, Anarock Group
Source: PR Agency
16/12/2022 5:44:02 PM
RBI`s 35 BPS Rate Hike Won`t Rock Housing Boat Says Anuj Puri, ANAROCK Group Below Is View On RBI Monetary Policy By Anuj Puri, Chairman, ANAROCK Group The 35 BPS rate hike by the RBI - the fifth consecutive rate hike this year - comes as no surprise. With repo rates now at 6.25%, there may be some repercussions on housing uptake. This hike will undoubtedly push up home loan interest rates, which had already crept up after four consecutive rate hikes this year. However, as long as interest rates remain in single digits (mainly within 9.5%) the impact on h...
RBI`s 35 BPS Rate Hike Won`t Rock Housing Boat Says Anuj Puri, ANAROCK Group
RBI`s 35 BPS Rate Hike Won`t Rock Housing Boat Says Anuj Puri, ANAROCK Group
Source: PR Agency
7/12/2022 11:44:06 AM
India`s housing market to remain resilient, defying global downtrend: Media India's house prices will rise steadily in the next few years roughly in line with overall economic growth, with low chances of a significant slowdown over the coming year, according to property experts in a Reuters poll. The findings highlight how the housing market, one of the biggest employers in a country of around 1.4 billion people, is likely to remain a stable contributor to growth in Asia's third-largest economy going forward. Average house prices in India were expected ...
India`s housing market to remain resilient, defying global downtrend: Media
India`s housing market to remain resilient, defying global downtrend: Media
Source: Reuters
5/12/2022 9:36:51 AM
Homes Worth INR 1.56 Lakh Cr. Sold in Top 7 Cities in H1 FY23, Yearly Gain of 119% * Approx. 1,73,155 homes were sold across the top 7 cities in the first two quarters of FY23, against 87,375 in the corresponding FY22 period * INR 71,295 Cr total estimated value of homes sold last year in H1 FY22 * Overall sales value in H1 FY23 was highest in MMR at INR 74,835 Cr, followed by NCR at INR 24,374 Cr & Bengaluru at INR 17,651 Cr * Among top 7 cities, NCR saw highest yearly total sales value growth of 175% – from INR 8,896 Cr in H1 FY22 to over I...
Homes Worth INR 1.56 Lakh Cr. Sold in Top 7 Cities in H1 FY23, Yearly Gain of 119%
Homes Worth INR 1.56 Lakh Cr. Sold in Top 7 Cities in H1 FY23, Yearly Gain of 119%
Source: PR Agency
9/11/2022 3:16:09 PM
Housing sales in top 7 cities gain momentum Going by the momentum of housing sales in the ongoing festive period and that of the first three quarters of this year, 2022 is likely to breach the previous peak of 2014 with an all-time high sales across the top seven cities. As per the latest research by real estate consultancy firm Anarock, total sales in the top seven cities can exceed 3.6 lakh units in 2022. In the previous peak year of 2014, the cities saw the sale of 3.43 lakh units. The January-September period of 2022 saw h...
Housing sales in top 7 cities gain momentum
Housing sales in top 7 cities gain momentum
Source: IANS
26/10/2022 1:57:10 PM
Tamil Nadu sees 828% 3-year jump in RERA projects registrations, UP just 22% Project registrations see a 109% jump in last 3 years from 45,307 projects on 8 Oct 2019 to nearly 94,513 projects currently Agent registrations touch 69,766 in 8 Oct. 2022 - 95% increase in last 3 years Since implementation of RERA, UP sees max. disposal of real estate complaints at 40,559 cases; Haryana with 20,539 & Maharashtra with 12,507 Mumbai : Diwali 2022 will set to establish new benchmarks for the housing sector on several fronts, and even now it is evident that th...
Tamil Nadu sees 828% 3-year jump in RERA projects registrations, UP just 22%
Tamil Nadu sees 828% 3-year jump in RERA projects registrations, UP just 22%
Source: PR Agency
21/10/2022 4:28:27 PM
Hike in repo rate likely to impact affordable housing The 50 basis points hike in the repo rate coupled with inflationary pressure is likely to impact the sentiment of the Housing sector particularly in the affordable and mid-range housing segments. While the hike is on the expected lines, the Real Estate developers and experts said that the corresponding hike in the home loan rates is likely to impact the housing sales during the upcoming festive season. "The current 50 BPS repo rate hike by RBI now makes it higher than the pre-pande...
Hike in repo rate likely to impact affordable housing
Hike in repo rate likely to impact affordable housing
Source: IANS
30/09/2022 4:40:44 PM
Q3 2022 Housing Sales Up 4% Q-o-Q Across Top 7 Cities, 41% Jump Annually Mumbai : Defying odds like the inauspicious ‘shraadh’ period, excessive monsoons, and rising property prices and interest rates, housing sales momentum continued unthwarted in the third quarter of 2022. Latest ANAROCK data reveals that as many as 88,230 units were sold across the top 7 cities in Q3 2022 – a 4% quarterly increase and 41% annual rise. Q2 2022 had seen approx. 84,930 units sold across the top 7 cities; in...
Q3 2022 Housing Sales Up 4% Q-o-Q Across Top 7 Cities, 41% Jump Annually
Q3 2022 Housing Sales Up 4% Q-o-Q Across Top 7 Cities, 41% Jump Annually
Source: PR Agency
30/09/2022 3:25:39 PM
RBI Monetary Policy : Inevitable Hike Will Make Homes Costlier Says Anuj Puri, ANAROCK Property Consultants Below are Views On Monetary Policy By Anuj Puri, Chairman - ANAROCK Property Consultants The 50 Bps hike by the RBI was expected, especially since no global economy has hinted towards any kind of moderation. Inflation continues to ravage almost all economies, and India is no exception. ANAROCK's recent Consumer sentiment survey also highlighted that at least 61% respondents saw high inflation as a major concern for them, seriously impacting their disposable incomes. With this repo r...
RBI Monetary Policy : Inevitable Hike Will Make Homes Costlier Says Anuj Puri, ANAROCK Property Consultants
RBI Monetary Policy : Inevitable Hike Will Make Homes Costlier Says Anuj Puri, ANAROCK Property Consultants
Source: ANAROCK Property Consultants Pvt Ltd
30/09/2022 11:07:47 AM
Rise in home loan interest beyond 9.5 % likely to have high impact on housing sales : Survey  While the demand for 3BHK houses has outstripped that of 2BHKs for the first time, a Consumer Sentiment Survey said that the rise in home loan interest rate beyond the 9.5 % mark is likely to have a big impact on housing sales. At least 44% of the respondents preferred 3BHKs, followed by 38% favouring 2BHKs, said the survey conducted by the Industry body CII-Abarock. In the survey's H1 2021 edition, 46% preferred 2BHKs, and 40% voted for 3BHKs. Similarly, the demand for 4BHKs has...
Rise in home loan interest beyond 9.5 % likely to have high impact on housing sales : Survey
Rise in home loan interest beyond 9.5 % likely to have high impact on housing sales : Survey
Source: IANS
29/09/2022 9:51:54 AM
Top Luxury Housing Markets See Up To 18% Rental Growth in Last 2 Years Residential rental markets across the top 7 cities have made a strong comeback after offices and schools reopened in 2022. Analysis of the average monthly rental trends across the leading luxury localities in the top 7 cities reveals that most markets have saw double-digit growth in the last two years, with only a few exceptions. As per latest ANAROCK data, the average monthly rentals in the prominent luxury micro-markets across the top 7 cities increased anywhere between 8-18% in the last...
Top Luxury Housing Markets See Up To 18% Rental Growth in Last 2 Years
Top Luxury Housing Markets See Up To 18% Rental Growth in Last 2 Years
Source: PR Agency
21/09/2022 3:44:31 PM
Coworking Share in Office Real Estate at 20% in H1 2022 from 6% in 2021 * Of net office absorption of 20.8 Mn sq. ft. in H1 2022 across top 7 cities, coworking comprised a 20% share; in H1 2021, its share was 6% of 9.33 Mn sq. ft. * IT/ITeS office spaces share declined from 49% in H1 2021 to 36% in H2 2022 * Bengaluru & Hyderabad account for 50% of net office absorption in H1 2022 * Avg. monthly office rentals in H1 2022 up 5% in NCR & Hyderabad, up 4% each in Bengaluru & Pune * H1 2022 saw robust new office supply aggregating to 31.8 Mn s...
Coworking Share in Office Real Estate at 20% in H1 2022 from 6% in 2021
Coworking Share in Office Real Estate at 20% in H1 2022 from 6% in 2021
Source: PR Agency
12/09/2022 2:35:05 PM
Luxury Housing Sales Double to 14% in H1 2022 from 7% in 2019 * Approx. 25,680 luxury homes (units priced >1.5 Cr) were sold across the top 7 Indian cities in H1 2022, against 17,740 units in 2019; in H1 2022 itself, sales exceed those in entire 2019 *  MMR saw the highest luxury home sales - over 13,670 units sold in H1 2022, followed by NCR with 4,160 units * In overall sales share, MMR’s luxury housing sales share increased from 13% in 2019 to 25% in H1 2022; in NCR, sales share rose to 12% from 4% in the same pe...
Luxury Housing Sales Double to 14% in H1 2022 from 7% in 2019
Luxury Housing Sales Double to 14% in H1 2022 from 7% in 2019
Source: PR Agency
22/08/2022 3:45:39 PM
Affordable Housing sales dip, luxury segment up While sales of affordable housing have recorded a dip during the first half of the year, Indian luxury housing has performed remarkably well post the pandemic, with overall sales rising steeply across the top seven cities. Latest ANAROCK Research data finds that of nearly 1.84 lakh units sold in these cities in H1 2022, about 14 per cent (approx. 25,700 units) were in luxury homes. Contrastingly, of 2.61 lakh units sold in the whole of 2019, just 7 per cent (approx. 17,740 units) were in t...
Affordable Housing sales dip, luxury segment up
Affordable Housing sales dip, luxury segment up
Source: IANS
22/08/2022 2:09:16 PM
75th Independence Day - Envisioning Indian real estate's 'Amrit Kaal' - Anuj Puri, ANAROCK Group In Finance Minister Nirmala Seetharaman's words, India stands on the threshold of Amrit Kaal, or the ‘Era of Elixir’. Regarding the country's real estate sector, we can be a little more restrained with such definitions. Still, there is little doubt that the industry has made remarkable progress since it attained independence 75 years ago. Real estate has not been left behind - quite the contrary. This once hugely beleaguered sector has made his...
75th Independence Day - Envisioning Indian real estate's 'Amrit Kaal' - Anuj Puri, ANAROCK Group
75th Independence Day - Envisioning Indian real estate's 'Amrit Kaal' - Anuj Puri, ANAROCK Group
Source: ANAROCK Property Consultants Pvt Ltd
9/08/2022 3:59:35 PM
RBI Rate Hike Can Have A Moderate Impact On Housing Sales Says Anuj Puri, ANAROCK Group Below is perspective on RBI MPC Policy by By Anuj Puri, Chairman, ANAROCK Group A rate hike was expected, but the expectation was for a maximum of 35 bps. The hike by 50 bps is definitely on the higher side, and home loan lending rates will now edge further into the red zone. This is the third consecutive rate hike in the last two months and finally marks the end of the all-time best low-interest rates regime - one of the major factors that drove housing sales across the ...
RBI Rate Hike Can Have A Moderate Impact On Housing Sales Says Anuj Puri, ANAROCK Group
RBI Rate Hike Can Have A Moderate Impact On Housing Sales Says Anuj Puri, ANAROCK Group
Source: ANAROCK Property Consultants Pvt Ltd
5/08/2022 3:55:12 PM
Real Estate Wary of Forthcoming Monetary Policy Says Anuj Puri, ANAROCK Group Below is view on Forthcoming Monetary Policy By Anuj Puri, Chairman, ANAROCK Group The forthcoming monetary policy announcement will be a decisive event for the Indian housing sector. If another repo rate hike takes place, home loan interest rates will enter the red zone, and we can expect at least short-term repercussions on overall housing demand. Inflation is now one of the significant risks in real estate, and increased input costs have already compelled many developers to hi...
Real Estate Wary of Forthcoming Monetary Policy Says Anuj Puri, ANAROCK Group
Real Estate Wary of Forthcoming Monetary Policy Says Anuj Puri, ANAROCK Group
Source: ANAROCK Property Consultants Pvt Ltd
29/07/2022 12:23:22 PM
Studio Apartments Hardest Hit in Scramble for Bigger Homes - Supply Share Down to 9% in H1 2022 : ANAROCK Group * Of 1,063 projects launched in H1 2022 across the top 7 cities, merely 91 offered studio apartments * MMR & Pune are the biggest markets for studio apartments, with 78% and 20% share in H1 2022 * Of 1,921 projects launched in pre-pandemic 2019, 368 offered studio apartments – the highest share since 2013 * Y-o-Y demand decline amid changing homebuyer preferences post-pandemic - 19% in 2019, 15% in 2020, 12% in 2021 - 9% in H1 2022 * ...
Studio Apartments Hardest Hit in Scramble for Bigger Homes - Supply Share Down to 9% in H1 2022 : ANAROCK Group
Studio Apartments Hardest Hit in Scramble for Bigger Homes - Supply Share Down to 9% in H1 2022 : ANAROCK Group
Source: ANAROCK Property Consultants Pvt Ltd
13/07/2022 2:40:14 PM
Entire industry not tainted, those in trouble 'bad apples': Anarock Chairman Every industry has its share of bad apples and that does not mean that the entire industry is tainted, Anuj Puri, Chairman of real estate consultant Anarock, told IANS on being queried how is it that the sector's performance has remained healthy, even as several major builders are entangled in issues ranging from financial troubles, corporate governance to bankruptcies. Recently on March 25, the National Company Law Tribunal (NCLT) declared Noida-headquartered realty major Supertech Lt...
Entire industry not tainted, those in trouble 'bad apples': Anarock Chairman
Entire industry not tainted, those in trouble 'bad apples': Anarock Chairman
Source: IANS
23/04/2022 2:33:04 PM
41% Women Homebuyers in ANAROCK Survey opt for 3BHK, 26% Buying for Investment - ANAROCK group * 36% of participating women homebuyers prefer 2BHKs - a clear preference trend for bigger spaces * 38% of women buyers want to buy homes in city peripheries, 30% will buy within city limits * End-use vs. investment ratio in the latest survey (H2 2021) is 74:26 (it was 82:18 in the year-ago survey) suggests improving investment sentiment * 67% of respondent women home seekers will buy mid & premium segment housing (INR 45 lakh – INR 1.5 Cr) * For 64% of women participati...
41% Women Homebuyers in ANAROCK Survey opt for 3BHK, 26% Buying for Investment - ANAROCK group
41% Women Homebuyers in ANAROCK Survey opt for 3BHK, 26% Buying for Investment - ANAROCK group
Source: ANAROCK Property Consultants Pvt Ltd
28/02/2022 3:10:45 PM
2.78 Lakh Homes Completed in 2021, Over 3.85 Lakh to Complete in 2022 - ANAROCK Property Consultants Pvt Ltd 2.78 Lakh Homes Completed in 2021, Over 3.85 Lakh to Complete in 2022 * Of the top 7 cities, NCR saw maximum completions in 2021 (approx. 86,590 units); MMR completed approx. 70,490 units, Pune approx. 46,090 * Bengaluru, Hyderabad, & Chennai together completed approx. 63,870 units in 2021 * Approx. 1.24 lakh units to be completed in NCR in 2022, MMR targets completion of 70,600 units   Despite the cataclysmic second Covid-19 wave in H1 2021, approx. 2.78 lakh uni...
2.78 Lakh Homes Completed in 2021, Over 3.85 Lakh to Complete in 2022 - ANAROCK Property Consultants Pvt Ltd
2.78 Lakh Homes Completed in 2021, Over 3.85 Lakh to Complete in 2022 - ANAROCK Property Consultants Pvt Ltd
Source: ANAROCK Property Consultants Pvt Ltd
21/02/2022 1:02:39 PM