ANAROCK research indicates that housing sales in Q2 2019 fell by 13% q-o-q and stood at 68,600 units across the top 7 cities.
Author: Arun Chitnis
Industry stalwart, Anuj Puri, today announced the launch of TRESPECT, a pan India 'open market' B2C residential real estate broking firm.
ANAROCK's latest retail report states that Indian mall developers are looking to add over 65 mn sq. ft. of new mall supply across the country by 2022-end.
ANAROCK has partnered with Aldar Properties PJSC to market some of Abu Dhabi's most sought-after properties to Indian investors and buyers.
India's leading real estate services firm, ANAROCK Property Consultants, announced the launch of its office and operations in Lucknow.
ANAROCK’s most recent data reveals that residential inventory in the top 7 cities overhang plunged to 30 months' worth in Q1 2019.
Attractive Prices Lure 61% Hyderabad Homebuyers, 50% in NCR Respond to RERA Implementation – ANAROCK
Attractive Prices Lure 61% Hyderabad Homebuyers, 50% in NCR Respond to RERA Implementation – ANAROCK
- Current avg. property prices in Hyderabad hover around INR 4,170 per sq. ft. – the lowest among all top 7 cities
- In the last 5 yrs. the city’s average prices have risen by 15% – 3rd only to Pune & Bangalore that saw 25% and 16% appreciation respectively
- Hyderabad micro markets with max. absorption in last one year was Pocharam, Bachupally, & Kondapur
- 50% of buyers in NCR bought property due to effective RERA implementation while 58% of buyers in Kolkata were driven by lower home loan rates
E-commerce biggies may be toning down their offers, but discounts and freebies are still alive and kicking in real estate – and developers are going all out to lure buyers with attractive deals and discounts. Is it working?
As per the recent ANAROCK Consumer Sentiment Survey, as many as 50% buyers across the country bought homes due to attractive prices.
PRESS RELEASE
18% Homebuyers Prefer New Launch Homes Against Previous 5%: ANAROCK Consumer Sentiment Survey
- RERA implementation & lower GST revive consumer faith in new launches; 36% of buyers still prefer ready-to-move-in units
- Lower prices influenced >50% homebuyers to purchase homes in 2018; nearly 52% would buy again with the same developer
- End-user-driven Bangalore saw 44% of respondents buy homes for investment
- 70% of prospective buyers prefer properties under INR 80 lakh
- Tier 2 & 3 cities new investment hotspots; Bangalore favourite investment destination for NRIs
Mumbai, 24 April 2019: While ready-to-move-in homes remained the preferred choice for several homebuyers, new launches (which drew the least consumer interest in the previous survey) saw a decent revival according to ANAROCK’s Consumer Sentiment Survey H1 2019.
Over 18% of respondents now prefer new launch properties as against mere 5% in the previous survey.
Interestingly, 44% NRIs would now consider new launch properties over under-construction (to be completed in 1 year) or ready-to-move-in homes (obviously a welcome development for developers facing funding issues due to previously negligible advance sales).
- Approx. 8,574 keys to hit the market in 2019; nearly 19% increase over the last 2 years
- Revenue per available room (RevPAR) sees 17% growth between 2016 and 2018
- Average daily rates saw a 6.25% rise in 2018, faster than 4.5% long-term inflation rate
- Goa saw the largest signing of keys in 2018 at nearly 2,209 keys, eclipsing Bengaluru by just 192 keys
- Hotel transaction volume hit an all-time low in 2018 at INR 5,354 mn since 2007; 2019 likely to witness the sale of high-value hotel assets valued USD 800 mn across key markets
Mumbai, 10 April 2019: With demand finally outpacing supply, the Indian hospitality industry is on an upswing. The ‘India Hospitality Industry Review 2018’ report by HVS ANAROCK predicts RevPAR to grow by 9.5% in 2019.
Interestingly, Q1 2019 itself saw unexpected growth in the India hotel industry. The successful transaction of the Leela Hotels & Keys portfolio in Q1 2019 set a healthy tone for the start to the year, and trends indicating that 2019 could see transaction volumes reach around USD 800 mn.
CII Real Estate Confluence 2019, Mumbai – Friday, 15 March
Maharashtra Real Estate: Ahead of the Curve – Refine. Reboot. Re-emerge
Date & time: Friday, 15 March 2019, 1730 hrs
Venue: Ballroom, Hotel Taj Land’s End, Bandra, Mumbai
- Inaugural Address – Gautam Chatterjee, Chairman – Maharashtra Real Estate Regulatory Authority (MahaRERA)
- Theme Address – Anuj Puri, Chairman, CII Real Estate Confluence 2019 – Chairman, ANAROCK Property Consultants
- Keynote Address – Abhishek Lodha, MD & CEO – Lodha Developers Ltd
ANAROCK Property Consultants are knowledge partners at the CII Real Estate Confluence 2019 to be held on Friday, 15 March in Mumbai.
This year’s conference theme ‘Maharashtra Real Estate: Ahead of the Curve – Refine. Reboot. Re-emerge’ is aptly chosen for the state which has been the forerunner in RERA adoption and implementation. ANAROCK, in partnership with CII, will also unveil its latest report ‘Affordable Housing: The Blue – Eyed Boy of Indian Real Estate’