The Covid-19 pandemic had considerable impact on the Indian housing sector with a 42% y-o-y drop in residential sales in the first quarter of 2020, says ANAROCK.
Author: Arun Chitnis
The strict advisories for complete lockdown across cities will impact housing sales during the upcoming festivals, to buy homes.
Senior living homes have become a respectable real estate category - one which, in times of the COVID-19 scare, gains even more relevance
Despite lower rentals, Indian coworking fails to attract major MNCs the way it does in European nations, reveals ANAROCK report on emerging asset classes.
Indian residential real estate is increasingly driven by end-users - and women homebuyers are emerging as major contributors towards this trend.
According to ANAROCK-LIC’s Consumer Sentiment Survey – H2 2019, policy interventions like 25K Crore AIF, tax concessions have boosted homebuyer confidence.
In a significant trend seen in the last decade, homebuyers in NCR had to wait for the longest time to get possession of their flats among the top 7 cities.
Coliving, coworking and student housing have 7-11% higher rental yield than 3% national residential average, according to a CII-ANAROCK report.
PRESS RELEASE
ANAROCK Commercial Launched to Tap INR 63,000 Cr Office Strata Sale Market
- To focus on sales of office assets to corporates, HNI investors & end-users
- ~ INR 2.5 Lakh Cr worth of Grade A office space under construction in top 7 cities to be completed over the next 4 years; 25% (worth INR 63,000 Cr) up for strata sale
- ANAROCK Commercial already secures mandate marketing of 3 mn sq. ft. of office space in NCR & MMR; to capture 10% market share in 1st year of its operations
Mumbai, 28 January 2020: Close on the success of its residential services vertical, ANAROCK Group today announced its expansion into office real estate.
ANAROCK Commercial will focus exclusively on strata sale office assets. Industry veteran Bappaditya Basu has been appointed as Chief Business Officer – ANAROCK Commercial.
Anuj Puri, Chairman – ANAROCK Group says, “ANAROCK Commercial was a part of our expansion plan,
100 new malls spanning over 49 mn sq. ft. are scheduled to come up across the country by 2022-end, reveals the latest ANAROCK research.