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Akash Pharande, Managing Director - Pharande Spaces Plotted developments have been in the news fairly regularly since the Covid-19 pandemic. It appears that many Indians are now considering this option versus investing in built-up homes. Such preferences are dictated by many factors, including availability, infrastructure development, cultural preferences for low-rise homes, investment preferences, and knowledge - and, of course, the cost factor. To begin with, we must consider th...
Plot vs Flat - Which Is Right for You in 2023?
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
The share of the luxury housing segment in the total sale of residential units in the top cities of the country has gone up, as per a report. As per realty consultancy ANAROCK Research, out of the total 3.65 lakh units sold across the top seven cities in 2022, 18 per cent (approx 65,680 units) were in the luxury category priced more than Rs 1.5 crore. Contrastingly, of the total 2.61 lakh units sold in entire 2019, just 7 per cent (approx 17,740 units) were in the luxury category. Th...
Luxury housing sales share up at 18% across top seven cities
Below is Quote on housing sector by Mr. Prashant Thakur, Sr. Director & Head – Research, ANAROCK Group Investment in residential real estate is a very different kettle of fish than end-user homebuying. When the intention is returns on investment, knowing how the housing asset class is performing is of prime importance. From a ROI perspective, there are two buckets to check – capital appreciation and rental yields. Let’s examine this. Property Prices As...
Housing ROI 2023-Smooth Sailing or Choppy Waters for Investors?
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
Post the pandemic, it was widely anticipated that co-working would soon be issued a death certificate. Like many others, this prediction fell flat as the "new normal" has caused coworking spaces to emerge as one of the best options for adopting a hybrid model at offices. Realty consultant firm Anarock Research reveals that out of the total net absorption of 34.1 million square feet across the top seven cities in FY22, co-working comprised a 13 per cent share. In FY21, its shar...
Co-working space saw highest growth in net absorption in FY22: Anarock
The average residential property prices across the top seven cities increased in the range of 2-5 per cent in Q12022 when compared to Q12021, mainly due to increase in the prices of construction raw materials, realty consultant ANAROCK Research's latest data revealed. Hyderabad recorded the highest 5 per cent annual jump on an average, it said in the statement. Notably, housing sales in Q12022 (January-March) are at an all-time high since 2015 with around 99,550 units sold across th...
Property rates rise 2-5% in Q12022 over rising input costs: Anarock
Unlike the other Covid waves, the economic downturn for the hospitality sector has been short during the third-wave given the fact that travel demand has been returning at a significantly faster rate, property consultant Anarock said. That said, the reintroduction of travel restrictions due to the Omicron variant across states threw the Indian hospitality sector into an upheaval. "Except for critical and urgent travel, other leisure and business travel, plans were put on hold in Ja...
Economic downturn has been short for hospitality sector during Omicron: Anarock
A survey conducted by property consultant Anarock and industry body CII found 56 per cent of respondents expected housing prices to increase in 2022. The respondents expected housing prices to rise in the current calendar year due to inflationary pressure in construction raw materials, coupled with overall operational costs for developers. In the survey, 5,210 participants took part via various digital platforms across tier 1, tier 2, and tier 3 cities. "The survey also identifi...
56% people expect price rise in housing in 2022: CII-Anarock survey
Post demonetisation, the Indian housing sales have outstripped new supply, a new ANAROCK Research has found. Confusion and uncertainty immediately after demonetisation notwithstanding, the negative impact has receded after a major market derailment within the first year of its announcement. "A notable impact of the triple whammy of DeMo, RERA, and GST was a significant deceleration in new property launches. Data shows that in the pre-DeMo period between 2013 till Q3 2016, the top 7...
Pre vs post DeMo: Black money deals down 75-80%, housing sales outstrip new supply
With Covid-19 wreaking havoc in the country, average monthly rentals across the key high street markets in top cities witnessed some corrections, according to data from Anarock Research. The Anarock data showed that the most expensive retail hub of the country, Khan Market, in the national capital, saw a drop of between 8-17 per cent in average monthly rentals in Q1 2021, as against Q1 2020. The average monthly rentals hovered in the range of Rs 1,000-1,100 per square feet as on Q1 2021...
India`s high street retail rentals decline amid Covid crisis
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