Chennai Overtakes Bengaluru, Unsold Inventory Less Than 50% Of IT Capital – ANAROCK Report
- Chennai’s current unsold housing stock at 30,800 units against 73,300 units in Bangalore
- Avg. property prices lowest in 4 years at INR 4,900 per sq. ft.
- 72% new supply in last 6 years in under INR 80 lakh budget range
- PE investment increased by 15% in 2018 against 2017
Chennai, 4th February 2019: Bucking all odds including political uncertainty and a major natural calamity, Chennai has trumped southern counterpart Bengaluru in terms of upbeat residential real estate activity.
ANAROCK‘s report ‘Chennai: From Resilience to Growth‘ confirms that the city is only behind Hyderabad in unsold stock numbers, and has the second-lowest unsold housing inventory of India’s top 7 cities in India.
As the event’s knowledge partner, ANAROCK released the report at RECON, an initiative by Tamil Nadu Real Estate Consultants Association, in Chennai today.
Anuj Puri, Chairman –
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ANAROCK Bags Exclusive Mandate for Swaminarayan City in Mumbai’s Dombivali
Limited-edition housing at Mumbai’s latest major pilgrimage destination
Mumbai, 25 January 2019 – Leading real estate services provider ANAROCK Property Consultants today announced that it has accepted an exclusive mandate to market 550 limited-edition flats in Swaminarayan City at Dombivali West, Mumbai.
The project, which leverages excellent location along with a high spiritual aspiration quotient, is spread over 148 acres in Retigaon in Dombivali (West) – one of Mumbai’s fastest-growing suburbs. Its proximity to the Ulhas river offers unmatched views of this famous water body.
Bappaditya Basu, Director & Head – Channel Partner Business, ANAROCK Property Consultants says, “The project’s USP may be seen to be that it abuts India’s largest Swaminarayan Temple coming up over 14 acres in Dombivali.
However, Swaminarayan City also provides exceptionally high location value. In fact, the mounting housing demand in Dombivali had prompted the launch of nearly 2,960 new units in 2018.
Easy connectivity via local trains,
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To expand ANAROCK’s UAE presence with new offices in Oman, Bahrain, Kuwait & Saudi Arabia by 2019 end
Mumbai / Dubai, 5 December 2018: ANAROCK Property Consultants today announced that sales & marketing veteran Shajai Jacob, previously Executive Director & Head – Marketing (West Asia) at international property consultancy JLL India, has been appointed as Chief Executive Officer – GCC (Middle East).
He will be based out of ANAROCK’s Dubai office and will have complete oversight of the Firm’s brokerage operations across the Middle East & North African countries.
Anuj Puri, Chairman – ANAROCK Property Consultants says, “We are excited to have Shajai on board to spearhead our rapidly growing Middle Eastern business. Shajai is perfectly aligned with our vision of becoming the most preferred, one-stop, technology-powered residential real estate services firm in the GCC region. He will expand our presence beyond our existing Dubai operations with 4 new offices in Oman, Bahrain, Saudi Arabia and Kuwait over the next 3 quarters. Having worked closely with him for nearly a decade, I have complete confidence in Shajai’s ability to implement our ambitious plans for the Middle East”.
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New IT, Electronics Policy To Drive West Bengal Housing Demand – ANAROCK Report
- Services is the fastest-growing sector with 15.6% growth in 2017-18
- Housing prices declined in Q4 2016 after DeMo, but recovered within 4 quarters to register positive growth.
Kolkata, 28 November 2018: West Bengal’s new IT policy to disseminate the IT-ITeS activities across the state for the benefit of the population in the fringe and rural areas.
This will be a game-changer for the state’s real estate market as well as its larger economy. This is one of the many highlights of the report ‘Kolkata: The East’s Icon of Balanced Growth‘ by knowledge partners ANAROCK at CREDAI StateCon today.
The report emphasises West Bengal’s aim to spread the reach of IT/ITeS across the state will help replicate the success of Eastern Kolkata in other parts of the state.
Anuj Puri, Chairman – ANAROCK Property Consultants says, “While West Bengal’s real estate market has witnessed only marginal capital values appreciation since 2015, some significant reforms by the State Government have infused a fresh spark into it.
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ANAROCK Launches Consulting Services Headed By Ashutosh Limaye
Gaurav Wahi joins as Head of Operations, ANAROCK Consulting
Mumbai, 19 November 2018: Leading full-stack real estate services providers ANAROCK Property Consultants have announced the formal launch of ANAROCK Consulting Services.
The division will be led by industry veteran and thought-leader Ashutosh Limaye as Director & Head – ANAROCK Consulting Services.
Limaye was previously National Director & Head of Research at a leading international property consultancy. His long-standing senior associate Gaurav Wahi comes on board as Head of Operations for the new Consulting vertical.
“It is exciting to be a part of ANAROCK, India’s most disruptive and tech-driven real estate services firm,” says Ashutosh Limaye. “We look forward to amplifying its scope with our consulting expertise. This division will provide expert advisory services to major real estate stakeholders across the board, starting with developers. We service Government agencies, banks, NBFCs, institutional investors and retailers as well as HNIs and end users on the perfect entry,
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At Economic Times-powered ACETECH event on 15th November 2018 in Mumbai, knowledge partners ANAROCK Property Consultants will release their latest and most incisive report on MMR – ‘The Peripheries – Greater Mumbai’s Future Suburbs‘.
A veritable Who’s Who of Mumbai’s real estate industry is participating in a panel discussion on Mumbai: Resurgence and Preparation for The Big Leap
- Dr Niranjan Hiranandani, Managing Director – Hiranandani Group
- Venkatesh Gopalkrishnan – CEO, Shapoorji Pallonji
- Parag Munot, Managing Director – Kalpataru
- Vikas Oberoi, Chairman & Managing Director – Oberoi Realty
- Sandeep Runwal, Chairman – Runwal Constructions
- Shrikant Joshi, CEO – L&T Realty
- Sangeeta Prasad, Managing Director & CEO – Mahindra Lifespaces Developers
- Ashish Raheja, Managing Director – Raheja Universal
- Hafeez Contractor – Architect Hafeez Contractor
- Neel Chandra Raheja, President –
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- Housing sales increase by 32% in a year, highest amongst the top cities
- Unsold housing stock declined by 32%
- Maximum new supply in the Rs. 40 – 80 lakh budget range
Bengaluru, 29 October 2018: Bengaluru’s real estate market has out-performed all other cities in terms of shedding unsold housing inventory, says the latest report by ANAROCK Property Consultants.
The report, released at ACETCH 2018 in Bengaluru last Friday, confirms that Bengaluru saw a remarkable decline of 25% in the total unsold stock across the top cities.
City-wise Unsold Inventory (in Units)
The report studies Bengaluru’s residential real estate trends since 2013, factoring in the city’s evolution in terms of infrastructure development, transport and connectivity.
Given the ever-escalating challenges the city faces on these fronts, a marked preference for walk-to-work options by homebuyers has become evident. That said, Bengaluru’s overall market profile retains most of its sheen thanks to its highly favourable confluence of market drivers.
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- Compact homes (area less than 646 sq. ft)see maximum traction in Vadodara
- Surat’s residential market set to boom on the back of DREAM City
Ahmedabad, 26 October 2018: Gujarat’s real estate market presents a mixed bag of highs and lows, according to ANAROCK Property Consultants’ report ‘Gujarat – Land of Innumerable Possibilities’.
As knowledge partner for the event, ANAROCK launched the report at the CII Realty & Infrastructure Conclave 2018 in Ahmedabad today.
Shobhit Agarwal, MD & CEO – ANAROCK Capital said, “Gujarat has attracted over ₹65,432 crores of FDI over the last 5 years, accounting for 5% of the total investments in the country. The state’s major real estate markets are largely stable, barring a minor price correction in early 2017 due to demonetisation. Smaller-sized housing units appear to attract the maximum demand overall, though Surat is a notable exception. While there has been fairly constant housing price growth in all segments since 2016, the maximum price rise in major cities of the state has been in the mid-segment.”
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51% home buyers seek rental income, 39% prefer affordable housing
- 39% prefer to invest in housing priced below ₹40 Lakh
- 68% seek property for end-use; 52% favour compact 2BHKs
- 51% of investors focused on rental returns
As many as 81% of polled aspiring homebuyers acknowledge Indian real estate’s improved and improving transparency, discipline and accountability post implementation of regulatory policies, reveals ANAROCK Property Consultants’ ‘Real Estate Consumer Outlook: H2 2018’.
Commenting on the survey, Anuj Puri, Chairman – ANAROCK Property Consultants says, “With the now discernible impact of RERA, DeMo and GST, housing sales are seeing an upward trajectory in 2018 q-o-q. New launches have also gone up this year with affordable housing witnessing significant growth. NRIs see India’s rebooted real estate market environment conducive enough to justify property investments, especially on the back of the depreciating rupee.”
- Nearly 69% of prospective buyers are looking to buy property for end-use
- 84% are looking for homes which are either ready-to-move-in or slated to complete in the next 6 months.
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80% Of Navi Mumbai Launches Affordable-To-Mid-Segment – ANAROCK-CREDAI Report
- Housing sales have exceeded launches in the past two years
- At 36,400 units, Navi Mumbai has only 15% of MMR’s overall unsold supply
- Navi Mumbai ranks 2nd in Ease of Living out of 111 cities, surpassing Greater Mumbai & Thane
Navi Mumbai, 5 October 2018: Nearly 80% of the overall residential project launches in Navi Mumbai from 2013 to H1 2018 are in the affordable (< INR 40 Lakh) and mid-segment (INR 40 Lakh – INR 80 Lakh) budget range, states a report by ANAROCK Property Consultants and CREDAI.
The report ‘Navi Mumbai – City of Possibilities‘ was released at the Capital Connect event organized by CREDAI BANM in Vashi, Navi Mumbai today.
Anuj Puri, Chairman – ANAROCK Property Consultants says, “If we focus on the unsold inventory, it emerges that Navi Mumbai has a mere 15% of the overall pent-up housing stock in MMR.
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