Pune Airport’s New Retail and Coworking Centre to Launch on 15 October 2022

by Arun Chitnis
The total leasable area of the retail spaces is 130000 sq. ft. spread over three floors. The entire third floor measuring 65,000 sq. ft. is dedicated to coworking/office spaces which will cater to approx. 2000 working professionals at a time. Including a 350000 sq. ft. Multi-level Car Park, the entire complex spans a massive 208000 sq. ft.

NCR Sees Highest Land Appreciation Since 2019, 38% Rise on Yamuna Expressway

by Arun Chitnis
Plots have become a hot ticket for property investors on the post-pandemic marketplace. Undoubtedly, well-chosen land offers higher returns on investment when compared to apartments. Average plots prices across India's major cities, and especially in NCR, rose considerably over the last two-and-half years.

Bull Run on Land Continues, 28 Deals for 1,237+ Acres Closed in 2022 to Date
by Prashant Thakur
ANAROCK Research reveals that between January 2022 till date, various entities sealed at least 28 separate land deals cumulatively accounting for over 1,237 acres across the country. Of the total transacted land, at least 18 deals accounting for 351 acres are earmarked for multiple residential projects across cities.

Homebuying Trends – Service Class Dominates, Larger Homes Still in Highest Demand

by Arun Chitnis
An analysis of buyer behaviour in the top seven cities in the last fiscal year FY21-22 shows that nearly 80% of demand is for mid-end and high-end homes, with the affordable housing segment accounting for a mere 10% of the demand.

NCR Unsold Stock Declines 12% Y-o-y, West India by 10%, 32% Increase in South India

by Arun Chitnis
this is the first time that in a quarter, NCR’s total unsold stock clocked in lower than in South India's collective unsold stock. In the West's MMR and Pune, the unsold stock declined by 10% between the pre and post-pandemic periods - from approx. 3.07 lakh units by Q1 2020 to approx. 2.75 lakh units in Q1 2022.

Unsold Affordable Housing Stock Declines 21% in 2 Years, Luxury By 5%

by Arun Chitnis
  • As of Q1 2022-end, the total available stock of affordable housing (<INR 40 lakh) in the top 7 cities is approx. 1,86,150 units; 2,34,600 units at Q1 2020-end
  • Chennai, Pune & MMR saw the highest supply decline of 52%, 33% & 27%, respectively
  • Supply of ultra-luxury homes (>INR 2.5 Cr) declined 5% in the same period – from approx. 41,750 units in Q1 2020-end to approx. 39,810 units by Q1 2022-end; MMR & Kolkata shed maximum ultra-luxury stock of 16% & 15%, respectively
  • Mid segment housing saw a 4% decline – from 1,97,880 units in Q1 2020-end to 1,89,310 units by Q1 2022-end
  • Premium & luxury homes (INR 80 lakh to INR 2.5 Cr) unsold stock increased in the same period

Mumbai, 19 April 2022: While the new supply of affordable housing has been shrinking over the last two pandemic years, demand remains healthy. ANAROCK data reveals that out of the total unsold stock across the top 7 cities, affordable housing inventory saw the most significant decline of 21% – from 2,34,600 units by Q1 2020-end to 1,86,150 units by Q1 2022-end.

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