At this point, does it make more sense to buy or rent a home? There are arguments for and against either option in the post-COVID-19 landscape.
Author: Santhosh Kumar
Santhosh Kumar is Vice Chairman of the ANAROCK Group, India's leading real estate services group in India with diversified interests across the real estate value chain. He is based out of ANAROCK’s Gurgaon office, with all the Group's India city leads and its Dubai office reporting to him.
Multi-level warehouses within city limits may well be Indian real estate's next big thing in a market completely transformed by the coronavirus pandemic.
The 100 new airports in India proposed by FY2024 under the UDAN scheme will boost real estate – particularly tourism & hospitality - in Tier 2 & 3 Cities.
The residential real estate market in Gujarat’s top city Ahmedabad has been riding high on affordable housing projects over the last five years.
Cities in NCR have seen phenomenal growth in co-living options with several coliving startups investing in this real estate asset class.
Indian residential real estate’s coming-of-age process is marked by the rise of branded developers, who are outpacing their non-branded competition.
Real estate developers, urban planners, architects, Government bodies, and homebuyers need to work together for a better environment for future generations.
Rainwater harvesting is one solution to the severe water crisis in India. Can we really afford to neglect this straightforward solution?
Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants
By what seems like a cruel twist of fate, the grounding of the country’s largest airline coincided with provisional construction approval for India’s largest (by surface area) airport at Jewar in Noida.
It may be recalled that the Allahabad court dismissed petitions filed by farmers and gave in-principle approval to commence the construction of Jewar International Airport, which is estimated to be built at a cost of USD 3.1 bn.
Naturally, the expectation is that just like any mega infrastructure project, this greenfield airport will give a major boost to the overall economic activity around Noida and Greater Noida region. Let’s take a closer look.
Economic Impact Of Jewar International Airport
Once completed, Jewar International Airport will not only ease traffic at Delhi’s IGI Airport but also create multiple job opportunities and give decent impetus to the property market in Noida, Greater Noida and Yamuna Expressway.
These markets have been reeling under tremendous pressure over the last three to four years, and require a fresh injection of opportunity and intent to overcome this slump.
Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants
- Bangalore, Hyderabad & Chennai saw a 77% increase in new residential supply in 2018; NCR 16%, MMR & Pune 17%
- Chennai led new launch supply with a 98% increase, Bangalore 91%, Hyderabad 43%
- Bangalore, Hyderabad & Chennai saw a 20% increase in housing sales; 18% in North, 15% in West
The year 2018 was a mixed bag of highs and lows for the Indian real estate sector. The initial pangs of policy alterations seemed to fade away with each region seeing visible signs of recovery across segments.
Even as the liquidity crunch and stalled/delayed projects continue to plague the sector, the main southern cities of Bangalore, Chennai and Hyderabad actually saw faster growth momentum than their northern counterpart NCR.
Retail, commercial and residential real estate saw a lot more activity in Southern cities than in the North.
Residential
As per ANAROCK data, the southern cities raced far ahead of those in the North,