News

Average Home Price in Top 7 Cities at INR 1.23 Cr in H1 FY25, up 23% in a Year Amid escalating demand for luxury homes after the pandemic, there have been record new launches and sales of costlier homes across the top 7 cities, finds latest ANAROCK data. The average ticket size of homes sold in these cities was INR 1.23 crore in H1 FY 2025, against INR 1 Cr in the corresponding period of FY 2024. Anuj Puri, Chairman - ANAROCK Group, says, "Over 2,27,400 units worth approx. INR 2,79,309 Cr were sold across the top 7 cities between April and September 2024. Contra...
Average Home Price in Top 7 Cities at INR 1.23 Cr in H1 FY25, up 23% in a Year
Average Home Price in Top 7 Cities at INR 1.23 Cr in H1 FY25, up 23% in a Year
Source: PR Agency
2024-11-20 12:42:59 pm
Indian real estate developers secure Rs 12,801 crore via QIP route in Jan-Sep period Real estate developers in India raised Rs 12,801 crore via qualified institutional placements (QIPs) in the first nine months this year, which is over 17 per cent of the total QIP issuance across sectors at Rs 75,923 crore, a report showed on Monday.  After renewable energy, real estate came in second highest among sectors to raise funds through QIP so far this year. “This strong QIP activity highlights the sector’s crucial role in India’s broader capital markets ...
Indian real estate developers secure Rs 12,801 crore via QIP route in Jan-Sep period
Indian real estate developers secure Rs 12,801 crore via QIP route in Jan-Sep period
Source: IANS
2024-10-28 12:21:11 pm
53% Affordable Housing Buyers Unhappy With Available Options - ANAROCK-FICCI Survey Demand for affordable homes has nosedived since Covid-19, initially because this segment’s target clientele was financially impacted by the pandemic. However, the ANAROCK-FICCI Homebuyer Sentiment Survey – H1 2024 has identified other pain points. At least 53% homebuyers are dissatisfied with the currently available options in this vital segment across cities. Anuj Puri, Chairman - ANAROCK Group, says, "The top three reasons why prospective affordable h...
53% Affordable Housing Buyers Unhappy With Available Options - ANAROCK-FICCI Survey
53% Affordable Housing Buyers Unhappy With Available Options - ANAROCK-FICCI Survey
Source: ANAROCK Group
2024-10-21 05:06:29 pm
Bigger homes continue to dominate buyers` demand in India Bigger homes continue to dominate demand in India and in the first half this year, at least 51 per cent property preferred 3-BHKs and 39 per cent opted for 2-BHKs, a report showed on Monday.  Premium and luxury homes demand surged as 28 per cent respondents now prefer homes priced between Rs 90 lakh–Rs 1.5 crore, compared to 18 per cent in pre-Covid period, according to an Anarock-FICCI survey. Meanwhile, demand for affordable homes has nosedived since Covid-19, initially bec...
Bigger homes continue to dominate buyers` demand in India
Bigger homes continue to dominate buyers` demand in India
Source: IANS
2024-10-21 04:54:09 pm
Listed Indian real estate players trim debt by 54 pc, bookings at record high  Top eight listed real estate developers in India have reduced their net debt by over 54 per cent in the first quarter of current fiscal (FY25) from the previous peak in FY19, a report showed on Thursday.  The net debt of these companies collectively reduced to about Rs 20,808 crore in Q1 FY25, from over Rs 44,817 crore in Q4 FY2019 when the overall debt of these listed players was at its peak, according to data by Anarock Group. With residential sales creating a new peak acro...
Listed Indian real estate players trim debt by 54 pc, bookings at record high
Listed Indian real estate players trim debt by 54 pc, bookings at record high
Source: IANS
2024-10-10 11:37:51 am
Quote on RBI Monetary Policy - rate cut would help catalyse housing sales by Anuj Puri, Chairman - ANAROCK Group Below the Quote on RBI Monetary Policy - rate cut would help catalyse housing sales by Anuj Puri, Chairman - ANAROCK Group   The RBI’s upcoming monetary policy announcement will, as always, have implications on different industries and markets. The housing market is especially sensitive to changes in acquisition cost since in India, most home buyers use home loans. A cut in the repo rate would result in lower interest rates on home loans, which makes EMIs more manageable...
Quote on RBI Monetary Policy - rate cut would help catalyse housing sales by Anuj Puri, Chairman - ANAROCK Group
Quote on RBI Monetary Policy - rate cut would help catalyse housing sales by Anuj Puri, Chairman - ANAROCK Group
Source: ANAROCK Group
2024-10-07 03:41:07 pm
Q3 2024 Housing Sales Dip 11% Y-o-Y in Top 7 Cities, Remain Higher Than New Launches After a 2-year bull run, residential real estate activity across the top cities stabilized in Q3 2024 - typically a slow quarter due to the monsoon and perceived inauspiciousness. Latest ANAROCK data reveals that housing sales across the top 7 cities declined by 11% annually, clocking in at approx. 1,07,060 units in Q3 2024 against approx. 1,20,290 units in Q3 2023. However, sales continued to outstrip new supply in Q3 2024, reflecting continued health in the market. Anuj Puri, Chairm...
Q3 2024 Housing Sales Dip 11% Y-o-Y in Top 7 Cities, Remain Higher Than New Launches
Q3 2024 Housing Sales Dip 11% Y-o-Y in Top 7 Cities, Remain Higher Than New Launches
Source: PR Agency
2024-09-26 12:19:07 pm
Housing sales stabilise in top Indian cities, festive quarter to see uptick in demand After a two-year bull run, residential real estate activity across top cities stabilised in the third quarter (July-September) this year, reaching more that 1.07 lakh units, a report showed on Thursday, adding that the lull was due to monsoon and perceived inauspiciousness (the ‘shraad’ period).  However, sales continued to outstrip new supply in Q3, reflecting continued health in the market. Share of new luxury homes supply (priced Rs 1.5 crore and above) was highest at 3...
Housing sales stabilise in top Indian cities, festive quarter to see uptick in demand
Housing sales stabilise in top Indian cities, festive quarter to see uptick in demand
Source: IANS
2024-09-26 10:29:32 am
Rent vs. Buy - Rental Vs. Capital Growth in Key Micro-Markets of Top 7 Cities The buy vs. rent debate rages on as more and more Indians migrate to urban centres and evaluate their options. While there are sound arguments for and against both options, the question itself is also geography centric. ANAROCK Research data shows that rental values in key micro-markets of the top 7 cities have gone up to a significant 72% between 2021-end and H1 2024, while capital values saw lower growth. Dr. Prashant Thakur, Regional Director & Head, Research - ANAROCK Group, says, ...
Rent vs. Buy - Rental Vs. Capital Growth in Key Micro-Markets of Top 7 Cities
Rent vs. Buy - Rental Vs. Capital Growth in Key Micro-Markets of Top 7 Cities
Source: PR Agency
2024-09-18 05:51:09 pm
Luxury property frenzy set to drive up home prices in India Home prices in India are set to rise steadily over the next few years, driven by demand for luxury properties from cash-rich individuals, according to a Reuters poll of housing experts who forecast rent increases will outpace consumer inflation. While economic growth in Asia's third-largest economy is likely to outpace its major peers, policy experts warn the benefits are increasingly being funnelled to a select few, leaving millions of job-seekers, especially young people, out of the ...
Luxury property frenzy set to drive up home prices in India
Luxury property frenzy set to drive up home prices in India
Source: Reuters
2024-09-03 09:25:39 am
Flat Sizes Surge 32% in Top 7 Cities Over 5 Years; NCR Leads with 96% Growth Despite a significant jump in residential prices across the major cities, bigger homes continue to attract homebuyers. Latest ANAROCK research indicates that average flat sizes in the top 7 cities grew by 32% in the last five years – from 1,145 sq. ft. in 2019 to 1,513 sq. ft. in H1 2024. In 2023, the average flat size across the top 7 cities was 1,420 sq. ft. – indicating a 7% jump in the last six months alone. A deep-dive into data from the top 7 cities shows that NCR saw ...
Flat Sizes Surge 32% in Top 7 Cities Over 5 Years; NCR Leads with 96% Growth
Flat Sizes Surge 32% in Top 7 Cities Over 5 Years; NCR Leads with 96% Growth
Source: PR Agency
2024-08-12 02:21:37 pm
Steady repo rate, indexation benefits booster dose for housing industry The Central Bank’s decision to keep repo rates unchanged at 6.5 per cent for the ninth consecutive time aligns well with the government’s indexation benefits, industry experts said on Thursday, adding that this will further help aspiring homebuyers.  RBI Governor Shaktikanta Das said that the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged as inflation has risen above 5 per cent, beyond the targeted level of 4 per cent. Anuj Puri, Chairman of...
Steady repo rate, indexation benefits booster dose for housing industry
Steady repo rate, indexation benefits booster dose for housing industry
Source: IANS
2024-08-08 12:32:18 pm
Steady repo rate and indexation benefits drive market optimism By Anuj Puri, Chairman - ANAROCK Group Below the Quote on Steady repo rate and indexation benefits drive market optimism By Anuj Puri, Chairman - ANAROCK Group   The RBI's decision to keep repo rates unchanged at 6.5% for ninth consecutive time aligns well with yesterday's announcement on indexation benefits. It sets a positive tone for the housing industry. Maintaining interest rates offers consistency in borrowing costs, which will prompt more aspiring homebuyers to consider taking the plunge - ...
Steady repo rate and indexation benefits drive market optimism By Anuj Puri, Chairman - ANAROCK Group
Steady repo rate and indexation benefits drive market optimism By Anuj Puri, Chairman - ANAROCK Group
Source: ANAROCK Group
2024-08-08 12:26:11 pm
New LTCG Tax Options Boost Real Estate Market by Anuj Puri, Chairman - ANAROCK Group The government's revised budget announcement allows taxpayers to pick between a 12.5% Long-Term Capital Gains (LTCG) tax rate without indexation and a 20% rate with indexation, for properties purchased before July 23, 2024. This will have a very profound impact on both homeowners and aspiring homebuyers. Homeowners: This change gives homeowners flexibility in their tax liabilities when they sell their property. For properties held over a long period, where inflation has majorly raised ...
New LTCG Tax Options Boost Real Estate Market by Anuj Puri, Chairman - ANAROCK Group
New LTCG Tax Options Boost Real Estate Market by Anuj Puri, Chairman - ANAROCK Group
Source: ANAROCK Group
2024-08-07 05:46:45 pm
WeWork India and myHQ by ANAROCK Partner to Boost On-demand and Virtual Office Growth myHQ by ANAROCK, India's leading marketplace for flexible workspace solutions, has entered into a strategic partnership with one of the country’s prominent flexible workspace providers, WeWork India. Through this partnership, myHQ will be the sole technology, marketing, and sales partner for WeWork India’s day pass, conference room bookings, and Virtual Office product. Users would either be able to book these from the myHQ platform or from th...
WeWork India and myHQ by ANAROCK Partner to Boost On-demand and Virtual Office Growth
WeWork India and myHQ by ANAROCK Partner to Boost On-demand and Virtual Office Growth
Source: PR Agency
2024-08-03 05:17:11 pm
Union Budget 2024-25 - Real Estate Had Hoped for More, Sees Marginal Benefits by Anuj Puri, Chairman - ANAROCK Group Covering a wide spectrum of Indian sectors, the first Union Budget of Modi 3.0 focuses on MSMEs, employment, skilling, youth, and the middle class. It will generate a mixed bag of reactions from different sectors. From a real estate point of view, the first thing that stands out is the government’s continued focus on infrastructure with an allocation of over INR 11.11 lakh crore - nearly 3.4% of India’s GDP. Improved infrastructure drives real estate growth. The focus on rural ...
Union Budget 2024-25 - Real Estate Had Hoped for More, Sees Marginal Benefits by Anuj Puri, Chairman - ANAROCK Group
Union Budget 2024-25 - Real Estate Had Hoped for More, Sees Marginal Benefits by Anuj Puri, Chairman - ANAROCK Group
Source: ANAROCK Group
2024-07-24 10:03:43 am
India saw 54 land deals for 1,045 acres in 1st half of 2024, Bengaluru leads India saw more than 54 new land deals for over 1,045 acres in the real estate sector in the first half of this year, against 46 deals for nearly 950 acres in H1 2023, a report showed on Sunday.  In the April-June period (Q2), the number of land deals closed, was 25 for over 325 acres, according to latest Anarock data. Bengaluru led with nine new land deals for 114 acres in Q2 2024, followed by Gurugram with seven deals for 77.5 acres. According to Dr Prashant Thakur, Regional Di...
India saw 54 land deals for 1,045 acres in 1st half of 2024, Bengaluru leads
India saw 54 land deals for 1,045 acres in 1st half of 2024, Bengaluru leads
Source: IANS
2024-07-21 02:12:12 pm
Avg. Large Project Completion Time Down 20% to 4.9 Years in H1 2024 from 6.1 Years in 2019 In what can be seen as a combined effect of RERA, modernisation of construction technology, and the increasing market share of large and listed developers, the last decade (2014-H1 2024) has seen homebuyers’ wait for possession in large under-construction projects in the top 7 cities reduce to 4.9 years, from 6.1 years in the 2010-2019 period. Anuj Puri, Chairman - ANAROCK Group, says, "Latest ANAROCK data reveals that the average time to complete large residential pro...
Avg. Large Project Completion Time Down 20% to 4.9 Years in H1 2024 from 6.1 Years in 2019
Avg. Large Project Completion Time Down 20% to 4.9 Years in H1 2024 from 6.1 Years in 2019
Source: PR Agency
2024-07-15 03:50:04 pm
Last decade saw Indian homebuyers' wait for possession reduce to 4.9 years  The last decade has seen homebuyers' wait for possession in large under-construction projects in the top cities reduce to 4.9 years, from 6.1 years in the 2010-2019 period, a report showed on Sunday.  The average time to complete residential projects of more than 500 units in the top seven cities came down to 4.9 years from the first half of 2014 to the first half of this year. This can be seen as a combined effect of the Real Estate Regulatory Authority (RERA), modernisa...
Last decade saw Indian homebuyers' wait for possession reduce to 4.9 years
Last decade saw Indian homebuyers' wait for possession reduce to 4.9 years
Source: IANS
2024-07-14 03:19:37 pm
Unlocking Growth - Real Estate's Wish-list for Union Budget 2024-25 by Anuj Puri, Chairman - ANAROCK Group With Union Budget 2024-25 set to be tabled in July, the real estate sector pins renewed hope on the Modi 3.0 regime. Expectations are high for tax reliefs and other sentiment boosters. The future of the overall industry also depends on unfettered infrastructure deployment to support and improve urban living standards as well as to develop and promote newer areas. Will the government finally decide to give in to the long-standing demand for industry status for the entire housing sector? Wil...
Unlocking Growth - Real Estate's Wish-list for Union Budget 2024-25 by Anuj Puri, Chairman - ANAROCK Group
Unlocking Growth - Real Estate's Wish-list for Union Budget 2024-25 by Anuj Puri, Chairman - ANAROCK Group
Source: ANAROCK Group
2024-07-12 05:21:26 pm
Residential sales taper down in April-June period in top 7 cities, up 5 pc YoY Residential sales across top seven cities in India tamed down marginally in the second quarter this year, amid increasing property prices and a high base record of the previous quarter.   Housing sales witnessed a quarterly drop of 8 per cent and stood at nearly 1,20,340 units in Q2 2024 across the top seven cities -- against about 1,30,170 units sold in Q1 this year. However, on a yearly basis, there has been a 5 per cent rise in residential sales, according to latest Anarock Rese...
Residential sales taper down in April-June period in top 7 cities, up 5 pc YoY
Residential sales taper down in April-June period in top 7 cities, up 5 pc YoY
Source: IANS
2024-06-27 03:45:30 pm
Luxury property buying surges amid rising disposable income in India With disposable income continuing to rise amid changing lifestyle preferences, more and more Indians in metros are purchasing high-value, premium properties than ever before.  There has been a surge in the sale of properties valued Rs 1 crore and above across top cities and in the first quarter this year, these premium properties constituted 37 per cent of all transactions -- a significant rise from 16 per cent in the same period in the pre-pandemic 2019. According to a report by P...
Luxury property buying surges amid rising disposable income in India
Luxury property buying surges amid rising disposable income in India
Source: IANS
2024-06-19 11:42:35 am
Rental Price Growth Drops 50% In Top Cities as Housing Supply Surges With more supply hitting the top 7 cities' markets, over-heated housing rents are stabilizing. Latest ANAROCK data shows that average residential rental prices across key markets in these cities saw a 2-4% quarterly rise in Q2 2024 to date over the preceding quarter. Q1 2024 saw rents in these markets rise by between 4-9% quarterly against Q4 2023. Santhosh Kumar, Vice Chairman – ANAROCK Group, says, “In India, the second quarter of most years typically sees rents increase ...
Rental Price Growth Drops 50% In Top Cities as Housing Supply Surges
Rental Price Growth Drops 50% In Top Cities as Housing Supply Surges
Source: PR Agency
2024-06-18 01:59:04 pm
Quote On Unchanged Repo Rate Supports Affordability, Confidence in Housing Market by Anuj Puri, Chairman - ANAROCK Group Below the Quote on Unchanged Repo Rate Supports Affordability, Confidence in Housing Market by Anuj Puri, Chairman - ANAROCK Group   The Reserve Bank of India's decision to keep the repo rate unchanged is a boon for the Indian real estate sector. This stability ensures that home loan interest rates remain low, making housing more affordable for potential buyers. With unchanged borrowing costs, both developers and homebuyers benefit from increased market confidence and pred...
Quote On Unchanged Repo Rate Supports Affordability, Confidence in Housing Market by Anuj Puri, Chairman - ANAROCK Group
Quote On Unchanged Repo Rate Supports Affordability, Confidence in Housing Market by Anuj Puri, Chairman - ANAROCK Group
Source: ANAROCK Group
2024-06-07 11:51:33 am
Elections 2024 - Real Estate Looks Forward to Policy Continuity by Anuj Puri, Chairman - ANAROCK Group The early trends and the exit polls for the recently concluded elections for the 18th Lok Sabha elections anticipated continuity of ongoing policies by the incumbent government. The real estate sector also seeks an assurance of predictability for this reason. The current government had, over the last two terms, made significant strides on the policy front, and in the development of the nation. The economy grew with major investments into developing the country. The real estate industry alw...
Elections 2024 - Real Estate Looks Forward to Policy Continuity by Anuj Puri, Chairman - ANAROCK Group
Elections 2024 - Real Estate Looks Forward to Policy Continuity by Anuj Puri, Chairman - ANAROCK Group
Source: ANAROCK Group
2024-06-04 03:38:00 pm
MMR's Vertical Boom - High-Rises Over 40 Floors to Increase 34% by 2030 Land-scarce MMR has few ways to go but up, and unsurprisingly has the country's maximum skyscrapers. The region that pioneered steep vertical growth in India keeps reaching for the skies - latest ANAROCK data indicates that MMR will see 34% growth in skyscrapers with over 40 floors over the next six years (2024 to 2030). While other cities have lately shown a trend reversal, especially post-COVID-19, MMR's affinity for skyscrapers shows no signs of slowing down. The region curre...
MMR's Vertical Boom - High-Rises Over 40 Floors to Increase 34% by 2030
MMR's Vertical Boom - High-Rises Over 40 Floors to Increase 34% by 2030
Source: PR Agency
2024-05-31 02:16:24 pm
ANAROCK Revenue Up 36% at INR 566 Cr in FY24, Surpasses INR 550 Cr Target India’s leading independent real estate consultancy ANAROCK Group has reported INR 556 crore revenue generated in FY2024, marking a 36% yearly jump over the previous fiscal. In FY2023, the company clocked total revenue of INR 416 Cr. With this, ANAROCK has overachieved its set revenue target of INR 550 Cr for FY2024. Anuj Puri, Chairman – ANAROCK Group, says that the new target is well within reach. “A 41% growth in FY2025 is more than achievable - not only beca...
ANAROCK Revenue Up 36% at INR 566 Cr in FY24, Surpasses INR 550 Cr Target
ANAROCK Revenue Up 36% at INR 566 Cr in FY24, Surpasses INR 550 Cr Target
Source: PR Agency
2024-05-13 02:16:25 pm
101+ Land Deals for Approx. 2,989 Acres Closed in FY-24 Across Indian Cities The residential segment continues to drive the Indian real estate market, which also reflects in the land deals it is generating. Amid all-time high residential demand, several large and listed developers and other entities continued to snap up land. Other than residential, commercial, retail, industrial and logistics & warehousing are also driving prime land deals in key locations across India. ANAROCK data indicates that various developers and entities sealed approx. 101 separate lan...
101+ Land Deals for Approx. 2,989 Acres Closed in FY-24 Across Indian Cities
101+ Land Deals for Approx. 2,989 Acres Closed in FY-24 Across Indian Cities
Source: PR Agency
2024-04-21 04:50:22 pm
RBI Keeps Repo Rate Unchanged - Housing Boom Stays On Course by Anuj Puri, Chairman - ANAROCK Group: Aptly and as expected, the RBI has kept the repo rates unchanged at 6.5%. The Indian economy is going strong and inflation is reined in, though it has yet to come within the threshold of RBI’s target. The decision to maintain status quo will keep the ongoing residential real estate sales momentum on course and unimpeded. Aspiring homebuyers eyeing a purchase will proceed with confidence.   Housing sales across the top 7 cities have been phenomenal in the last few quarters, ev...
RBI Keeps Repo Rate Unchanged - Housing Boom Stays On Course by Anuj Puri, Chairman - ANAROCK Group:
RBI Keeps Repo Rate Unchanged - Housing Boom Stays On Course by Anuj Puri, Chairman - ANAROCK Group:
Source: ANAROCk Group
2024-04-05 11:12:17 am
ANAROCK Launches Office Leasing and Advisory Vertical, Appoints CRE Veteran Peush Jain as Managing Director Leading independent property services group ANAROCK has announced the launch of its dedicated commercial office leasing services, and the appointment of CRE veteran Peush Jain as Managing Director - Corporate Leasing & Advisory. After successfully launching office strata-sale focused ANAROCK Commercial in 2020, the Group sees this move as the logical next step towards completing its industry-defining real estate services portfolio. The launch of its commercial leasing and adv...
ANAROCK Launches Office Leasing and Advisory Vertical, Appoints CRE Veteran Peush Jain as Managing Director
ANAROCK Launches Office Leasing and Advisory Vertical, Appoints CRE Veteran Peush Jain as Managing Director
Source: PR Agency
2024-04-04 12:29:21 pm
Comment on Anarock Housing Report - A 14% jump in residential sales in 2023-24 by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd Below the Comment on Anarock Housing Report - A 14% jump in residential sales in 2023-24 by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd   The real estate market is experiencing a surge across all sectors courtesy a strong demand from both first-time homebuyers as well as affluent buyers seeking luxury properties or second homes. Even Investor appetite is high particularly for properties located at prime locations with the potential for high retur...
Comment on Anarock Housing Report - A 14% jump in residential sales in 2023-24 by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd
Comment on Anarock Housing Report - A 14% jump in residential sales in 2023-24 by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd
Source: PR Agency
2024-03-27 04:14:42 pm
Housing sales created new peaks in previous two election years Data trends indicate that in the previous two election years in 2014 and 2019, housing sales created new peaks, as per Anarock.Group. In 2014, sales in the top 7 cities scaled up to approximately 3.45 lakh units while new launches were the highest ever at nearly 5.45 lakh units. Likewise, in 2019, housing sales scaled up to approximately 2.61 lakh units while new launches increased to approximately 2.37 lakh units after a lull in the residential real estate market between 2016 and 2019....
Housing sales created new peaks in previous two election years
Housing sales created new peaks in previous two election years
Source: IANS
2024-03-21 03:17:47 pm
General Elections - Will the Housing Market Create Another Peak in 2024? General elections and residential real estate appear closely linked - at least, that is what the previous two election years' data trends indicate. 2014 and 2019, both election years, saw housing sales create new peaks. In 2014, sales in the top 7 cities scaled up to approx. 3.45 lakh units while new launches were the highest ever at nearly 5.45 lakh units. Likewise, in 2019, housing sales scaled up to approx. 2.61 lakh units while new launches increased to approx. 2.37 lakh units afte...
General Elections - Will the Housing Market Create Another Peak in 2024?
General Elections - Will the Housing Market Create Another Peak in 2024?
Source: PR Agency
2024-03-21 01:54:14 pm
3BHKs Lead the Market - FICCI-ANAROCK Survey Finds 50 percent of Homebuyers Prefer Larger Homes  The ‘bigger is better’ mantra continues to drive the Indian housing market. The FICCI-ANAROCK Consumer Sentiment Survey (H2 2023), unveiled at the FICCI Real Estate Summit in Delhi today, finds that the highest homebuyer demand is now for 3BHKs, with at least 50% respondents picking this size. 38% respondent favour 2BHKs. The demand for 3BHKs stood at 42% in in the H2 2022 edition of the survey. Despite increasing property prices, the demand for bigger apartments con...
3BHKs Lead the Market - FICCI-ANAROCK Survey Finds 50 percent of Homebuyers Prefer Larger Homes
3BHKs Lead the Market - FICCI-ANAROCK Survey Finds 50 percent of Homebuyers Prefer Larger Homes
Source: PR Agency
2024-03-05 05:21:27 pm
Grade A developer dominance fuels 40% sale of new launch supply in top 7 cities in 2023 The ever-increasing dominance of branded developers in Indian residential real estate is shifting homebuyer attention from ready-to-move or almost-complete projects to newly launched projects. Latest ANAROCK Research data shows that over 40% of approx. 4.77 lakh homes sold in 2023 was in newly launched projects. The share of newly launched supply sales in pre-pandemic 2019 was much lower at 26% of approx. 2.61 lakh homes sold that year. * In 2020, of approx. 1.38 lakh units sold in th...
Grade A developer dominance fuels 40% sale of new launch supply in top 7 cities in 2023
Grade A developer dominance fuels 40% sale of new launch supply in top 7 cities in 2023
Source: PR Agency
2024-03-01 10:31:19 am
Stable Repo Rates to Keep Residential Momentum Going by Anuj Puri, Chairman - ANAROCK Group With the fundamentals of the Indian economy remaining strong despite all global headwinds and inflation well under control, the RBI once again decided to keep the repo rates unchanged at 6.5%, thus extending the festive bonanza that it gave to the homebuyers in its last two policy announcements. Thus, homebuyers retain their advantage of relatively affordable home loan interest rates If we consider the present trends, the housing market has been unstoppable, and unchanged home loan rates w...
Stable Repo Rates to Keep Residential Momentum Going by Anuj Puri, Chairman - ANAROCK Group
Stable Repo Rates to Keep Residential Momentum Going by Anuj Puri, Chairman - ANAROCK Group
Source: ANAROCk Group
2024-02-08 11:40:36 am
India`s central bank leaves rates unchanged, as expected India's key rate was left unchanged for a sixth straight meeting on Thursday, in line with expectations, as inflation remained above the central bank's 4% medium-term target while economic growth continued to be resilient. The six-member monetary policy committee (MPC), consisting of three Reserve Bank of India (RBI) and three external members, left the key repo rate unchanged at 6.50%. The committee said it would remain focused on 'withdrawal of accommodation', suggesti...
India`s central bank leaves rates unchanged, as expected
India`s central bank leaves rates unchanged, as expected
Source: Reuters
2024-02-08 11:18:42 am
ANAROCK Raises ~INR 200 Cr (USD 25 Mn) Funding from 360 ONE Asset ANAROCK, a leading Indian independent real estate consultancy, has announced an investment of ~INR 200 Cr (USD 25 Mn) from 360 ONE Asset Management Limited (earlier known as IIFL Asset Management) (360 ONE Asset), one of India’s largest alternate asset managers and part of the 360 ONE group, a wealth and alternates-focused institution with more than USD 54 Bn assets under management. This investment will enable ANAROCK to enhance its tech infrastructure, accelerate its expansion, and in...
ANAROCK Raises ~INR 200 Cr (USD 25 Mn) Funding from 360 ONE Asset
ANAROCK Raises ~INR 200 Cr (USD 25 Mn) Funding from 360 ONE Asset
Source: PR Agency
2024-02-05 02:37:55 pm
Average Flat Sizes in Top 7 Cities Rise by 11% in 2023  Demand for bigger apartments refuses to wane despite life returning to normalcy across the country - and rising residential prices. Latest ANAROCK data indicates that average flat sizes in top 7 cities have grown by 11% annually last year – from 1,175 sq. ft. in 2022 to 1,300 sq. ft. in 2023. Back in 2021 and 2020, the average flat size across the top 7 cities were comparable to 2022 - 1,170 sq. ft. in 2021 and 1,167 sq. ft. in 2020. A deep dive into the data across the top cit...
Average Flat Sizes in Top 7 Cities Rise by 11% in 2023
Average Flat Sizes in Top 7 Cities Rise by 11% in 2023
Source: PR Agency
2024-01-28 02:04:04 pm
PE investments register 26% decline in 9M FY24 - ANAROCK Capital PE Investments registered a decline of approx. 26% in 9M FY24 as both foreign and domestic investors reported lower activity, finds ANAROCK Capital’s FLUX report for 9M FY24. Activity from foreign investors remained subdued for most of this period due to global geopolitical uncertainties and a high interest rate environment. Shobhit Agarwal, MD & CEO - ANAROCK Capital, says, "Domestic AIFs have seen lower activity levels as their favoured asset class – residential...
PE investments register 26% decline in 9M FY24 - ANAROCK Capital
PE investments register 26% decline in 9M FY24 - ANAROCK Capital
Source: Anarock Group
2024-01-09 02:17:26 pm
Delhi-NCR`s Unsold Inventory at Decadal Low - Under 1 Lakh Units for 1st Time Delhi-NCR remained one of the most vibrant residential markets among the top 7 cities in 2023. Despite robust sales in the region last year, developers throttled back new supply to support the liquidation of previous unsold stock, leading to a significant reduction in market inventory.   Latest ANAROCK Research data shows the region winding up 2023 on a very upbeat note. There was a 23% yearly decline in Delhi-NCR’s unsold inventory – from approx. 1,23,692 uni...
Delhi-NCR`s Unsold Inventory at Decadal Low - Under 1 Lakh Units for 1st Time
Delhi-NCR`s Unsold Inventory at Decadal Low - Under 1 Lakh Units for 1st Time
Source: PR Agency
2024-01-07 05:43:59 pm
Real Estate`s Expectations from the 2024 2025 Interim Budget by Anuj Puri, Chairman - ANAROCK Group In 2023, the residential real estate market experienced extraordinary growth, as new launches and home sales reached record highs. In 2023, sales of housing in the top seven cities reached an all-time high of about 4.77 lakh units, while sales of newly launched homes reached almost 4.46 lakh units.   The real estate industry's outlook for 2024 is currently positive, but the results of the upcoming general elections will also have a significant impact on the demand for and growt...
Real Estate`s Expectations from the 2024 2025 Interim Budget by Anuj Puri, Chairman - ANAROCK Group
Real Estate`s Expectations from the 2024 2025 Interim Budget by Anuj Puri, Chairman - ANAROCK Group
Source: PR Agency
2024-01-02 05:19:47 pm
Housing Sales Hit Fresh Peak in 2023, Top 7 Cities See 31% Yearly Growth - ANAROCK Despite hardening property prices and home loan interest rate hikes in early 2023, it has been a superlative year for Indian residential real estate. Latest ANAROCK Research data indicates that housing sales in the top 7 cities have created a new peak in 2023, breaching the previous high of 2022. Approx. 4,76,530 units were sold in 2023 against 3,64,870 units in 2022 across the top 7 cities – rising by 31% Y-o-Y. The last peak in the decade was seen in 2022, after 2014, when a...
Housing Sales Hit Fresh Peak in 2023, Top 7 Cities See 31% Yearly Growth - ANAROCK
Housing Sales Hit Fresh Peak in 2023, Top 7 Cities See 31% Yearly Growth - ANAROCK
Source: PR Agency
2023-12-28 02:53:45 pm
myHQ by ANAROCK Partners With Awfis to add 100+ New Coworking Centers for On-Demand Day Passes myHQ by ANAROCK, India’s leading platform for flexible workspace solutions, has entered a strategic partnership with Awfis, the country’s largest provider of agile office spaces, to give on-demand access to Awfis’s 100+ centers across the country.    Utkarsh Kawatra, Senior Director - myHQ by ANAROCK, says, “Under this collaboration, myHQ user base of 100,000 individuals, will now have seamless access to Awfis centers to book on-demand seats and me...
myHQ by ANAROCK Partners With Awfis to add 100+ New Coworking Centers for On-Demand Day Passes
myHQ by ANAROCK Partners With Awfis to add 100+ New Coworking Centers for On-Demand Day Passes
Source: PR Agency
2023-12-26 03:33:53 pm
Housing Sales Value to Cross INR 4.5 Lakh Cr in 2023, From INR 3.27 Lakh Cr in 2022 The unstoppable Indian residential sector surpassed all previous highs in 2023 with housing sales creating a new peak quarter-on-quarter. Concurrently, the overall sales value of sold housing inventory also inched higher. Even before Q4 2023 sales numbers are collated, the strong sales momentum indicates that the total value of homes to have found buyers in 2023 will cross the INR 4.5 lakh Crore mark - 38% higher than the total sales value of entire 2022, which saw INR 3.27 lakh Cr worth of h...
Housing Sales Value to Cross INR 4.5 Lakh Cr in 2023, From INR 3.27 Lakh Cr in 2022
Housing Sales Value to Cross INR 4.5 Lakh Cr in 2023, From INR 3.27 Lakh Cr in 2022
Source: PR Agency
2023-12-14 02:48:09 pm
Stable Repo Rates to Keep the Momentum Going for the Housing Market Says Anuj Puri, Anarock Group Stable Repo Rates to Keep the Momentum Going for the Housing Market With the fundamentals of the Indian economy remaining strong and the recently announced GDP rates indicating positive outlook, the RBI once again decided to keep the repo rates unchanged. This is an extension of the festive bonanza that RBI gave to the homebuyers in its last policy announcement. It gives homebuyers yet another opportunity to make cost-optimized home purchases. If we consider the present trends, the hous...
Stable Repo Rates to Keep the Momentum Going for the Housing Market Says Anuj Puri, Anarock Group
Stable Repo Rates to Keep the Momentum Going for the Housing Market Says Anuj Puri, Anarock Group
Source: PR Agency
2023-12-08 08:10:03 pm
Office Rental Values Rise 7% Y-o-Y in Top 7 Cities Despite Tepid Leasing in H1 FY24 By ANAROCK Group The first half of fiscal year 2024 remained lacklustre for commercial office space activity across the top 7 cities, with both net absorption and new completions remaining largely stagnant compared to same period last year. New office supply across the top 7 cities rose by a meagre 5% in H1 FY2024 against H1 FY23, and net office absorption saw a marginal yearly decline of 1% in this period. Prashant Thakur, Regional Director & Head - Research, ANAROCK Group, says, "Interestingly, ...
Office Rental Values Rise 7% Y-o-Y in Top 7 Cities Despite Tepid Leasing in H1 FY24 By ANAROCK Group
Office Rental Values Rise 7% Y-o-Y in Top 7 Cities Despite Tepid Leasing in H1 FY24 By ANAROCK Group
Source: Anarock Group
2023-12-07 02:47:33 pm
Ultra-Luxury Homes Priced >INR 40 Cr See 247% Y-o-Y Sales Value Surge in 2023 By Anarock Group Ultra-luxury homes (priced >INR 40 Cr each) have had an unprecedented bull-run in 2023, with both the number of sales and sales value of such assets hitting new peaks. Latest ANAROCK Research data finds that year 2023 till date has seen a staggering 247% yearly surge in terms of total sales value of ultra-luxury homes against the whole of 2022.  Anuj Puri, Chairman – ANAROCK Group, says, “A total of 58 ultra-luxury homes have been sold across the top 7 cities in 2023 to...
Ultra-Luxury Homes Priced >INR 40 Cr See 247% Y-o-Y Sales Value Surge in 2023 By Anarock Group
Ultra-Luxury Homes Priced >INR 40 Cr See 247% Y-o-Y Sales Value Surge in 2023 By Anarock Group
Source: PR Agency
2023-11-30 02:31:07 pm