The previous desire to live in city centres - closer to workspaces, children’s school, etc. - has reduced markedly with the advent of WFH and e-schooling options in the post-pandemic world.
ANAROCK has signed a formal agreement with U.S.-based Upflex Inc. to deploy Upflex’s services across tier 1, 2 and 3 cities in India. The agreement combines Upflex’s technology, processes, and corporate mandates with ANAROCK's national distribution platform to offer a highly customizable workspace program.
- Leading retail brands have closed at least 120+ lease deals at prominent high street markets across the country b/w April 2020 and May 2021
- Within F&B, quick-service restaurants like Starbucks, Pizza Hut & KFC, apparel and lifestyle brands like Biba, Reliance Trends, Pantaloon, Lenskart, Westside, Zudio and Max, and specialist retailers like Croma and Reliance Digital have expanded to high streets
- Increasing high street penetration of leading hypermarket & supermarket brands in tier 2 & 3 cities due to high revenue potential; for instance, MORE Retail Ltd. entered UP cities like Agra, Faizabad, Sitapur and Muzaffarnagar
In a calibrated post-pandemic move, leading retail brands across categories are zeroing in on high street markets for expansion across India. Between April 2020 and May 2021, some of these brands closed over 120 lease deals at prominent high street markets across Indian cities and towns.
The deal sizes ranged for areas as low as 400 sq. ft. and went all the way up to 35,000 sq. ft.
Some Quick Service Restaurants (QSRs) within the F&B category (Starbucks, Pizza Hut, KFC,
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In Bengaluru, the affordable and mid-segments are driving residential demand. Given the good sales, developers saw it opportune to increase the average prices
As per latest ANAROCK data, of the total sales made in the first nine months of FY2021 (approx. 93,140 units) across the top 7 cities, the top 8 listed players’ share stood at 22% while non-listed leading players’ share was 18%. Non-branded developers accounted for a 60% share
Latest ANAROCK data reveals that over 4.22 lakh units are scheduled to be completed by 2021-end across the top 7 cities. Of this, NCR would see the maximum completions with a nearly 28% share, followed by MMR with 26% and Pune with approx. 18%.
The total number of leases coming up for renewal in 2021 account for 90 Mn sq. ft. area. Interestingly, in terms of area, Bengaluru has the largest share at about 37%, with Mumbai coming in a distant second with a share of about 19%.
Average monthly rentals across the major high street retail markets mostly saw corrections across cities. However, there were also few markets that saw an upward trend.
The stamp duty cut significantly stimulated housing demand in the city. The government would do well to seriously consider extending it to keep the property sales momentum - and registrations revenue - going.
Latest ANAROCK data reveals that the price gap between ready-to-move-in (RTM) and under-construction (UC) homes reduced to a mere 3-5% by Q1 2021. In 2017, the difference between the two categories was anywhere between 9% to 12% across cities, while in 2018 it was 5-8%.