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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
Comment on Anarock Report : Research data finds that at least 86% of residential projects launched in the post-RERA period from H2 2017 and entire 2018 are completed By Mr. Pradeep Aggarwal, Signature Global (India) Ltd Comment on Anarock Report : Research data finds that at least 86% of residential projects launched in the post-RERA period from H2 2017 and entire 2018 are completed By Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd "The introduction of RERA has reinvigorated prospective homebuyers with unwavering confidence, assuring them that their investments are protected, and their dream homes will be completed on schedule. State governments have played a pivotal ...
Comment on Anarock Report : Research data finds that at least 86% of residential projects launched in the post-RERA period from H2 2017 and entire 2018 are completed By Mr. Pradeep Aggarwal, Signature Global (India) Ltd
Comment on Anarock Report : Research data finds that at least 86% of residential projects launched in the post-RERA period from H2 2017 and entire 2018 are completed By Mr. Pradeep Aggarwal, Signature Global (India) Ltd
Source: PR Agency
6/09/2023 5:57:58 PM
Comment on Anarock Report : Research data finds that at least 86% of residential projects launched in the post-RERA period from H2 2017 and entire 2018 are completed By Mr Mohit Jain, Krisumi Corporation Below The Comment on Anarock Report- Research data finds that at least 86% of residential projects launched in the post-RERA period from H2 2017 and entire 2018 are completed Mr Mohit Jain, Managing Director, Krisumi Corporation Undoubtedly, regulatory reforms have paved the way for a transformative era marked by transparency and accountability, rekindling trust among both homebuyers and investors. The commendable efforts of both state and central governments in enforcing RERA have yi...
Comment on Anarock Report : Research data finds that at least 86% of residential projects launched in the post-RERA period from H2 2017 and entire 2018 are completed By Mr Mohit Jain, Krisumi Corporation
Comment on Anarock Report : Research data finds that at least 86% of residential projects launched in the post-RERA period from H2 2017 and entire 2018 are completed By Mr Mohit Jain, Krisumi Corporation
Source: PR Agency
6/09/2023 5:55:02 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
Coworking Drives Commercial RE Through Turbulent Times Utkarsh Kawatra, CEO & Co-founder, myHQ (ANAROCK Group) 12% decline in regular office leasing in FY23 compared to peak year (FY20) when it stood at 43 mn sq. ft. across the top 7 cities Coworking share of office leasing activity shot up to 23% in FY22-23 - this 11% surge is the highest recorded growth across all office real estate sectors Pune tops out with coworking spaces occupying a transaction share of 40% in the current fiscal, followed by Bang...
Coworking Drives Commercial RE Through Turbulent Times
Coworking Drives Commercial RE Through Turbulent Times
Source: PR Agency
28/08/2023 2:38:17 PM
ANAROCK Signs Up Madhya Pradesh Housing Board for ACRM India's leading independent residential real estate services consultant ANAROCK Group has announced that it has signed up the Madhya Pradesh Housing Board (MPHB) for its proprietary AI-enabled customer relationship management services. The ANAROCK CRM (ACRM) suite results in a 10-fold increase in inventory sales within a couple of months of implementation. Sadiq Din, Head - ANAROCK CRM (India & International), ANAROCK Group, says, "We are gratified to onboard our first governm...
ANAROCK Signs Up Madhya Pradesh Housing Board for ACRM
ANAROCK Signs Up Madhya Pradesh Housing Board for ACRM
Source: PR Agency
23/08/2023 4:28:12 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
Luxury Homes Appreciate 24% in Avg. Price in the Top 7 Cities Since 2018, Affordable Housing Sees 15% The pandemic has been an indubitable boon for the previously lacklustre luxury homes segment, with sales and new supply increasing manifold since then. Prices were bound to catch up with the demand.   On analysing the average price trends in the top 7 cities across different budget segments, ANAROCK Research data reveals that luxury homes have recorded the highest average price appreciation of 24% in the last five years.   Prices of luxury homes in the top 7 cities in 20...
Luxury Homes Appreciate 24% in Avg. Price in the Top 7 Cities Since 2018, Affordable Housing Sees 15%
Luxury Homes Appreciate 24% in Avg. Price in the Top 7 Cities Since 2018, Affordable Housing Sees 15%
Source: PR Agency
8/08/2023 2:21:32 PM
Affordable Housing Buyers` EMIs Jump Over 20% in Last 2 Years In the Indian residential real estate market, affordable housing suffered the greatest impact of the Covid-19 pandemic - and unlike the other segments, has not recovered in the last two years. With buyers of this segment increasingly desisting from purchase decisions, affordable housing sales are languishing, and developers have accordingly curtailed its supply. A recent report by ANAROCK finds that the share of affordable housing in overall sales in H1 2023 shrunk to approx. 20% - an 11% ...
Affordable Housing Buyers` EMIs Jump Over 20% in Last 2 Years
Affordable Housing Buyers` EMIs Jump Over 20% in Last 2 Years
Source: PR Agency
2/08/2023 5:24:26 PM
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
Hyderabad Beats Bengaluru with Highest New Office Supply in FY23 FY 2023 has been a mixed bag for the commercial office space market in the top 7 cities, with the first half doing much better than the second. Latest ANAROCK Research data indicates that Hyderabad outshone Bengaluru with the highest new office supply influx in FY 23.   14.94 Mn sq. ft. new office space was infused into Hyderabad in FY23, accounting for a 31% share of the total supply in the top 7 cities. Office supply completions in the city was 27% higher than in FY 2022. In cont...
Hyderabad Beats Bengaluru with Highest New Office Supply in FY23
Hyderabad Beats Bengaluru with Highest New Office Supply in FY23
Source: PR Agency
5/06/2023 12:07:26 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
2023 to See Approx. 5.6 Lakh Homes Completed in the Top 7 Cities - ANAROCK While 2022 set a new benchmark of residential sales, 2023 is likely to be a record year for project completions. RERA has laid down strict guidelines for project completions, mandating that that developers must complete residential projects within the timeline specified in the agreement with their customers. Project delays were historically the bane of the Indian housing sector, putting homebuyers to enormous inconveniences and often considerable, unwarranted financial strain.   Sa...
2023 to See Approx. 5.6 Lakh Homes Completed in the Top 7 Cities - ANAROCK
2023 to See Approx. 5.6 Lakh Homes Completed in the Top 7 Cities - ANAROCK
Source: PR Agency
22/05/2023 12:34:25 PM
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
Coworking Share in Office Real Estate at 27% in Q1 2023, Up From 14% in Q1 2019 Mumbai: Demand for flexible office spaces has hit a new high after the pandemic, with major companies and businesses including start-ups now increasingly opting for coworking spaces. Latest ANAROCK data reveals that out of a net absorption of approx. 8.2 Mn sq. ft. across the top 7 cities in Q1 2023, coworking spaces had a 27% share. Back in pre-pandemic Q1 2019, its share was just 14% of a net office absorption of approx. 9.3 Mn sq. ft. Among the top 7 cities, Bengaluru and NCR toget...
Coworking Share in Office Real Estate at 27% in Q1 2023, Up From 14% in Q1 2019
Coworking Share in Office Real Estate at 27% in Q1 2023, Up From 14% in Q1 2019
Source: PR Agency
2/05/2023 4:43:55 PM
Co-working share in office real estate hits 27%, Bengaluru & Delhi-NCR lead Demand for flexible office spaces has hit a new high after the pandemic amid the hybrid work culture, with co-working share in office real estate reaching 27 per cent in January-March period (Q1 2023), up from 14 per cent in Q1 2019, a new report showed on Tuesday. Major companies and businesses including startups are now increasingly opting for co-working spaces, according to latest Anarock data. Out of a net absorption of approximately 8.2 million square feet across the top seven citi...
Co-working share in office real estate hits 27%, Bengaluru & Delhi-NCR lead
Co-working share in office real estate hits 27%, Bengaluru & Delhi-NCR lead
Source: IANS
2/05/2023 1:05:08 PM
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
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
LML Homes Acquires 5-acre Land Parcel in Chennai for INR 60 Cr Chennai: LML Homes, a residential apartments developer has acquired a 5-acre land parcel in Kattupakkam, Chennai - close to the proposed Kattupakkam Metro Rail Station. The value of the purchase transaction is INR 60 Cr. Anarock Group has been appointed as the strategic partner to market and sell the proposed project, which will consist of approx. 400 premium apartments of various sizes developed over half a million square feet. The project will have lifestyle amenities like club hous...
LML Homes Acquires 5-acre Land Parcel in Chennai for INR 60 Cr
LML Homes Acquires 5-acre Land Parcel in Chennai for INR 60 Cr
Source: PR Agency
9/03/2023 3:33:03 PM
Rents on Roll: NCR's Golf Course Extension sees highest growth of 18% since 2019 verage monthly residential rentals in the top seven cities in both the luxury and the mid segment categories, were on a roll in 2022. As per latest ANAROCK data, the average monthly rentals in the prominent luxury micro-markets of the top 7 cities increased by anywhere between 7-18 per cent in 2022 over 2019. NCR's Golf Course Extension saw the highest growth of 18 per cent - from Rs 49,000 a month in 2019 to Rs 58,000 in 2022 for luxury homes of approximately 2,000 sq. ft. area. Th...
Rents on Roll: NCR's Golf Course Extension sees highest growth of 18% since 2019
Rents on Roll: NCR's Golf Course Extension sees highest growth of 18% since 2019
Source: IANS
13/02/2023 1:52:06 PM
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
PropTech Boom - Real Estate-focused Startups Increase 200% Since 2016 Prashant Thakur, Sr. Director & Head - Research, ANAROCK Group For far too long, the real estate sector had stubbornly held on to age-old conventional models and practices of planning, management, construction, project execution, and sales. This may be due to the underlying risk considering the high asset value and the large quantum of investments required to explore new methods. In India as well as globally, the sector was a chronic laggard in technology adoption – until 2020...
PropTech Boom - Real Estate-focused Startups Increase 200% Since 2016
PropTech Boom - Real Estate-focused Startups Increase 200% Since 2016
Source: PR Agency
6/02/2023 3:53:34 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
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
Repeated rate hikes may impact housing Sector in the short term The continuous rate hikes may lead to short-term impact in the overall housing demand when buyers are optimistic of making a home purchase decision and this may add to buyers' overall acquisition cost. The real estate sector had started seeing gradual recovery across key property markets, driven primarily by end-users, however, the repeated rate hikes may impact the interest rate-sensitive sector. Industry experts claimed that low interest rates have been one of the major factors in...
Repeated rate hikes may impact housing Sector in the short term
Repeated rate hikes may impact housing Sector in the short term
Source: IANS
7/12/2022 1:42:31 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
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
Hyderabad, NCR, and Bengaluru Top NRI Housing Wish List * A majority of NRI participants in the latest CII-ANAROCK Consumer Sentiment Survey will buy properties in any of these 3 cities * Over 77% NRI respondents want bigger homes - 54% seek 3BHKs, 23% prefer 4BHKs and just 22% will consider 2BHKs; in pre-Covid survey, 40% preferred 2BHKs * 63% NRI respondents currently prefer premium homes priced between INR 90 lakh - 1.5 Cr; in last year's survey, 59% NRIs preferred luxury homes priced between INR 1.5 - 2.5 Cr * Demand for real esta...
Hyderabad, NCR, and Bengaluru Top NRI Housing Wish List
Hyderabad, NCR, and Bengaluru Top NRI Housing Wish List
Source: PR Agency
2/11/2022 2:25:00 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
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
Demand for homes in city periphery continues to remain strong The demand for homes in the city peripheries continues to remain strong -- with at least 42 per cent respondents preferring to buy a home there. Even while daily life has reached near normal (like the pre-pandemic) with schools and most offices reopening, homebuyer preferences haven't really altered in the first half of 2022. A consumer sentiment survey by the Industry body CII and Anarock said that homebuyers still prefer to live in the peripheries probably because of their inclina...
Demand for homes in city periphery continues to remain strong
Demand for homes in city periphery continues to remain strong
Source: Accord Fintech
29/09/2022 1:04:13 PM
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