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
Time to buy a property in India down to 26 days, ultra-luxury homes selling faster The conversion time to buy a property in India came down to 26 days on average in the first half this fiscal (H1 FY25) against the highest peak of 33 days in FY 2021, as housing emerges as most-preferred investment option amid rising disposable incomes and robust economic activity in the country, according to a report on Monday.  Ultra-luxury homes (priced Rs 3 crore and above) saw the lowest conversion time, clocking in at just 15 days in H1 FY25. In last fiscal (FY24), it was 22 day...
Time to buy a property in India down to 26 days, ultra-luxury homes selling faster
Time to buy a property in India down to 26 days, ultra-luxury homes selling faster
Source: IANS
2024-11-11 11:36:26 am
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
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
Ultra-Luxury Homes Hit INR 2,443 Cr Sales in 8 Months Across Top Cities The sale of ultra-luxury homes – units priced over INR 40 Cr each – remained unabated in 2024 despite spiralling prices. Latest ANAROCK data finds that a total of 25 ultra-luxury homes were sold in Mumbai, Hyderabad, Gurugram and Bengaluru in the first 8 months of 2024 for a collective sales value of approx. INR 2,443 Cr. Pune, Chennai and Kolkata did not witness any sales in this rarified price bracket.    Anuj Puri, Chairman – ANAROCK Group, says, “Th...
Ultra-Luxury Homes Hit INR 2,443 Cr Sales in 8 Months Across Top Cities
Ultra-Luxury Homes Hit INR 2,443 Cr Sales in 8 Months Across Top Cities
Source: PR Agency
2024-09-05 02:10:53 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
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
Delhi-NCR sees whopping 45 pc rise in luxury home sales in Jan-June period Amid rising disposable incomes and stupendous economic growth, housing demand in India is now heavily tilted towards the luxury housing segment and Delhi-NCR saw a 45 per cent rise in luxury segment sales in the January-June period, a report showed on Wednesday.  The latest data from Anarock Group indicates that out of Delhi-NCR's total housing sales of nearly 32,200 units in H1 2024, over 45 per cent share was in the luxury segment and 24 per cent in the affordable segment. In...
Delhi-NCR sees whopping 45 pc rise in luxury home sales in Jan-June period
Delhi-NCR sees whopping 45 pc rise in luxury home sales in Jan-June period
Source: IANS
2024-07-31 01:55:17 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
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
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
Union Budget: Real estate sector calls for renewed push towards affordable housing in metros Riding on supportive policy interventions and rising disposable incomes, India’s real estate sector is growing and needs a renewed push for affordable housing, especially in and around metro cities, from the Union Budget 2024-25, industry experts said on Thursday.  Expectations are high for tax reliefs and other sentiment boosters as the future of the overall industry also depends on unfettered infrastructure deployment to support and improve urban living standards as well as to...
Union Budget: Real estate sector calls for renewed push towards affordable housing in metros
Union Budget: Real estate sector calls for renewed push towards affordable housing in metros
Source: IANS
2024-06-20 04:57:25 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
Housing Under Modi - A 10-Year Retrospective - NAREDCO-ANAROCK Report The Indian residential real estate market has greatly benefited from several reforms by the Modi-led government, helping the industry to not only to emerge stronger but also to scale new heights. A new report ‘Real Estate Unboxed: The Modi Effect’ by ANAROCK and NAREDCO showcases a housing landscape that is ripe with potential for evolving growth opportunities. Anuj Puri, Chairman – ANAROCK Group, says, “The report tracks how India’s residential real estate se...
Housing Under Modi - A 10-Year Retrospective - NAREDCO-ANAROCK Report
Housing Under Modi - A 10-Year Retrospective - NAREDCO-ANAROCK Report
Source: Anarock Research
2024-04-08 03:56:22 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
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
Interim Budget 2024 - No Big-bang Announcements for Real Estate by Anuj Puri, AnarockGroup Below the quote on Interim Budget 2024 - No Big-bang Announcements for Real Estate by  Anuj Puri, Chairman - ANAROCK Group   As anticipated, the Interim Budget 2024 made no big-bang announcements, but it continued its focus on infrastructure upgrades and building connectivity across the country. This will benefit real estate growth in not just the top cities but in Tier 2 & 3 cities across the country. The FM made some announcements that will go on to benefit the sector...
Interim Budget 2024 - No Big-bang Announcements for Real Estate by Anuj Puri, AnarockGroup
Interim Budget 2024 - No Big-bang Announcements for Real Estate by Anuj Puri, AnarockGroup
Source: PR Agency
2024-02-01 02:06:58 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
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
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
India home prices to outstrip inflation, driven by high end of market Home prices in India will rise faster than consumer inflation next year, according to a Reuters poll of property analysts who mostly said growth would be driven by higher earners snapping up newly-built luxury residences in cities. Backed by broad optimism about the fastest-growing major economy, India's housing market barely suffered a scratch from the Reserve Bank of India's 2.5 percentage points of interest rate rises from May 2022 through February this year. Average home pri...
India home prices to outstrip inflation, driven by high end of market
India home prices to outstrip inflation, driven by high end of market
Source: Reuters
2023-12-01 09:30:05 am
India home prices to outstrip inflation, driven by high end of market  Home prices in India will rise faster than consumer inflation next year, according to a Reuters poll of property analysts who mostly said growth would be driven by higher earners snapping up newly-built luxury residences in cities. Backed by broad optimism about the fastest-growing major economy, India's housing market barely suffered a scratch from the Reserve Bank of India's 2.5 percentage points of interest rate rises from May 2022 through February this year. Average ho...
India home prices to outstrip inflation, driven by high end of market
India home prices to outstrip inflation, driven by high end of market
Source: Reuters
2023-11-30 05:23:12 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
IT Hubs see Up to 31% Housing Rental Values Growth Among Top 7 Cities in 9M 2023 Housing rents continue to soar across the top 7 cities, led by leading IT/ITeS hubs Bengaluru, Hyderabad, and Pune. Latest ANAROCK Research data reveals that among the top 7 cities, residential rentals in Bengaluru’s prominent areas soared by over 30% in the first nine months of 2023 (9M 2023). A standard 2BHK flat of approx. 1,000 sq. ft. area in Bengaluru’s Whitefield saw rents grow by 31% in 9M 2023, followed by Sarjapur Road where rents for such homes rose by 27% in this pe...
IT Hubs see Up to 31% Housing Rental Values Growth Among Top 7 Cities in 9M 2023
IT Hubs see Up to 31% Housing Rental Values Growth Among Top 7 Cities in 9M 2023
Source: PR Agency
2023-11-09 02:51:21 pm
DLF clocks 31% jump in q2 net profit at Rs 623 crore Real estate major DLF Ltd on Monday reported a 31 per cent jump in consolidated net profit to Rs 623 crore in the July-September quarter of the current financial year period compared to Rs 477 crore in the same period last year. The company’s revenue from operations during the quarter rose 4 per cent to Rs 1,348 crore. It reported consolidated EBITDA of Rs 462 crore for the September quarter, up 6 per cent over the same period of the previous year. Total expenses during the quarte...
DLF clocks 31% jump in q2 net profit at Rs 623 crore
DLF clocks 31% jump in q2 net profit at Rs 623 crore
Source: IANS
2023-10-30 05:47:08 pm
9M 2023 Saw 115% Annual Rise in Luxury Homes Sales Over Previous Year The luxury housing segment maintain a seemingly unstoppable growth curve in 2023, with overall sales rising steeply across the top 7 cities. Latest ANAROCK Research data finds that out of approx.- 3.49 lakh units sold in these cities in the first nine months of 2023, about 24% or approx. 84,400 units were luxury homes priced >INR 1.5 Cr. In the same period of 2022, just 14% (approx. 39,300 units) of approx. 2.73 lakh units sold in same period of 2022 were in the luxury category. This de...
9M 2023 Saw 115% Annual Rise in Luxury Homes Sales Over Previous Year
9M 2023 Saw 115% Annual Rise in Luxury Homes Sales Over Previous Year
Source: PR Agency
2023-10-30 11:28:48 am
Stable Repo Rate - RBI`s festive season boon to housing market by Anuj Puri, ANAROCK Group Below the Quote on?Stable Repo Rate - RBI`s festive season boon to housing market by?Anuj Puri, Chairman - ANAROCK GroupThe unchanged repo rate is a festive bonanza for homebuyers and gives them yet another opportunity to make cost-optimized home purchases. If we consider the present trends, the overall consumer market looks bullish across sectors, particularly the automobile and housing markets, which in many ways reflect the health?of?the?economy. We are entering the festive quarter with a ...
Stable Repo Rate - RBI`s festive season boon to housing market by Anuj Puri, ANAROCK Group
Stable Repo Rate - RBI`s festive season boon to housing market by Anuj Puri, ANAROCK Group
Source: PR Agency
2023-10-06 11:53:14 am
Q3 2023 Housing Sales at All-time High - Over 1.20L Units Sold in Top 7 Cities, Up 36% Y-o-Y The Indian residential property segment remained unstoppable in Q3 2023, despite the usually slow monsoon quarter. Latest ANAROCK Research data shows that Q3 2023 saw housing sales across the top 7 cities create another new peak with approx. 1,20,280 units sold, against approx. 88,230 units in Q3 2022. This denotes a staggering 36% annual sales growth. "Among the top 7 cities, MMR recorded the highest housing sales of approx. 38,500 units, followed by Pune with approx. 22,880 units,...
Q3 2023 Housing Sales at All-time High - Over 1.20L Units Sold in Top 7 Cities, Up 36% Y-o-Y
Q3 2023 Housing Sales at All-time High - Over 1.20L Units Sold in Top 7 Cities, Up 36% Y-o-Y
Source: PR Agency
2023-09-28 05:16:49 pm