A 2017 Festive Season Primer For Homebuyers

Anuj Puri, Chairman – Anarock Property Consultants

The year 2017 has not exactly lived up to the expectations of the residential property sector. RERA has been deployed, but as of today, only 18 states and 7 Union territories have notified RERA, while 10 states are yet to notify it.

While RERA has certainly already made its expected effects felt in states like Maharashtra – which includes very important markets like Mumbai and Pune – it has not yet extended its full influence over parts of the country where RERA it is probably needed the most.

Though Haryana and UP have notified RERA, they are yet to set up the portal via which developers can upload their applications for registration of their projects. The web portal is also critical for buyers, as this is where they can check the details of projects. Also, these two states have come under heavy criticism for diluting the Centre’s RERA norms.

Continue reading “A 2017 Festive Season Primer For Homebuyers”

Focus On Safety Measures In High-Rise Buildings

Anuj Puri, Chairman – Anarock Property Consultants

With several property developers in Delhi-NCR and elsewhere developing skyscrapers of 150-250 metres and more, an increasingly pressing question being asked by property buyers is whether they safe.

This is obvious and natural, given the increasing incidence of fires, earthquakes and building collapses that the media throws at us fairly regularly. Let us take a closer look at this.

As opposed to the scenario seen in more developed countries, there are still various problems with implementing strict norms for the structural safety and fire safety for high-rise buildings in India. In fact, as we have seen in a recent case of a residential tower in London, this can present a challenge even in such global cities.

Continue reading “Focus On Safety Measures In High-Rise Buildings”

10 Hot Residential Property Investment Destinations In India

Anuj Puri, Chairman – Anarock Property Consultants

As India’s urbanization picks up speed, the traditionally-preferred property investment locations in most of the main cities are getting saturated and increasingly expensive.

This is having a roll-on effect on many other residential sub-markets across leading Indian cities. Even as more and more locations go out of the reach of a certain cross-segment of buyers that preferred it in the preceding years, other emerging areas come to the rescue.

Moreover, with the expansion of business districts and different office space occupier categories preferring newer business precincts to older ones, certain residential sub-markets in the primary cities have been finding favour from an increasing number of buyers – and, consequently, property investors.

Continue reading “10 Hot Residential Property Investment Destinations In India”

Massive Investment Boost To Indian Residential Sector In 2017

Investments in Indian realty at $1990 million 1H2017; residential accounted for 54% ($1075 million) of total investments

Anuj Puri, Chairman – ANAROCK Property Consultants

In Indian real estate today, the untrained eye may see a dichotomy in the massive investments pouring into the Indian residential sector and the actual on-ground demand for housing.

A similar question mark was, in the past, also attached to the fact that developers kept churning out projects despite the visibly reduced uptake over the last couple of years. The fact is, there are always at least two storylines unfolding – the first and most obvious is the short-term story.

Continue reading “Massive Investment Boost To Indian Residential Sector In 2017”

How Millennials Have Redefined The Indian Residential Market

Anuj Puri, Chairman – ANAROCK Property Consultants

By now, it has become quite clear that as a generation, Millennials have a very different take on home ownership than their parents and grandparents did.

This trend has been studied extensively in the West, but it has made itself quite obvious in India too. How do Millennials view home purchase differently in general, and in India in particular?

Continue reading “How Millennials Have Redefined The Indian Residential Market”

Anuj Puri Launches ANAROCK Property Consultants Residential Brokerage, Fund & Investment Platform

PRESS RELEASE

Anuj Puri Launches ANAROCK Property Consultants Residential Brokerage, Fund & Investment Platform

Fund will invest INR 300 crore in, Residential projects, targets USD 500 mn by 2020

Mumbai, 26 June 2017Anuj Puri, former Chairman & Country Head of international property consultancy JLL India, today announced the launch of ANAROCK Property Consultants Pvt. Ltd., essentially rebranding JLL’s erstwhile residential brokerage business which he acquired earlier this year.

Simultaneously, Puri announced the Firm’s real estate investment and fund platform, which will invest INR 300 crore in Residential real estate projects.

“We have chosen the brand ANAROCK with the motto ‘Values Over Value’ to reflect a business model and philosophy founded on the bedrock of Trust and Reliability,” says Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd. “ANAROCK is the Group Brand, which will house multiple real estate services verticals. We will provide our regular residential advisory services which charges zero brokerage from our customers. Additionally, the Firm will operate a revolutionary business model of bulk-purchasing residential apartment inventory through a proprietary investment fundANAROCK will also provide debt, equity and mezzanine funding to residential developers. And this is just the beginning.” 

Continue reading “Anuj Puri Launches ANAROCK Property Consultants Residential Brokerage, Fund & Investment Platform”

Gurgaon Real Estate – Steady Growth Ahead

Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd.

The suburb of Gurgaon has been an essential contributor to the urban sprawl that comprises of prime Delhi NCR. The region has become synonymous with a viral-like growth in the past decade and has assumed a homogeneous nature being a well-established business, housing and leisure hub.

The new residential growth comprising of multistoried apartments initially started along its major arterial roads of MG Road, Golf Course Road and later spread down along the main highway connecting it to Delhi–NH-8.

Further along the way as the city started to grow its wings, newer areas were opened up along the Golf Course Extension Road and newer sectors opened up along the proposed Dwarka-Gurgaon Expressway and both sides of the NH-8, beyond the second toll plaza.

Continue reading “Gurgaon Real Estate – Steady Growth Ahead”

Decoding The Indian Luxury Housing Story

Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd.

Luxury housing in India is the proverbial sitting duck for target practice in the shooting gallery that is the Indian residential property sector.

Market pundits and the media never get tired of taking potshots at it, and claiming that this segment has got run out – even though Indian luxury housing is actually something of a newbie on the pitch and still has very long innings ahead of it.

Maybe the fact that there are a lot of wealthy people in a country with so much poverty strikes some as an aberration, rather than a reason for pride.

Continue reading “Decoding The Indian Luxury Housing Story”

Understanding The Intricacies Of Real Estate Funding

Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd.

Real estate development remains a highly lucrative business line, which is why most builders retain skin in the game even in the face of strong market headwinds.

However, real estate development also remains a highly capital intensive business, and among the many new market truths that RERA has brought to the fore, the fact that only well-capitalized players will endure going forward stands out.

The ‘time-honoured’ practice of raising funds from the market via ‘pre-launches’ has now become untenable.

Continue reading “Understanding The Intricacies Of Real Estate Funding”

Investors Gearing To Ride The REITs Wave

Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd.

The formation of Real Estate Investment Trusts (REITs) will help in the expansion of the quality real estate universe in India, besides giving developers another instrument to exit their projects.

REITs would own real estate, and most of them are expected to have their shares listed on the stock market. These listings will provide retail investors a good and an entirely new opportunity to participate in real estate’s growth story in India.

Continue reading “Investors Gearing To Ride The REITs Wave”