• New housing supply estimated at 1,93,600 units by 2018 end; an annual increase of 32%
  • Housing sales in 2018 estimated at 2,45,500 units; an annual increase of 16%
  • NBFC crisis holds sector at gunpoint as 2019 begins

Anuj Puri, Chairman – ANAROCK Property Consultants

The year 2018 was a veritable roller-coaster ride for Indian real estate. Despite signs of recovery across segments, the liquidity crunch – further exacerbated by the NBFC crisis – put all industry stakeholders on tenterhooks.

Consolidation via mergers and acquisitions was rife in all sectors, completely redefining the concept of ‘financial health’ among players and drawing clear lines on who will survive the heat. This process will continue throughout 2019, as well.

Despite all odds, economic indicators remained positive with India’s GDP growth rate pegged at 7.3% in 2018. CPI inflation, a major concern in the past, remained reined in at a manageable 4.8%.

GDP growth and contained inflation are generally considered panacea for most real estate woes. However, it took a lot more than that for real estate to retain even a semblance of an even keel in 2018.

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 PuriAnuj 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”.

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 PuriAnuj 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.

PRESS RELEASE

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.

Ashutosh Limaye“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,

Mapping Mumbai’s emerging suburbs as the new growth corridors

  • 65-70% of MMR’s housing launches in peripheries
  • Nearly 54% supply priced below INR 80 lakh
  • At 0.2 million units, MMR has 37% of unsold inventory in the top 7 cities

Mumbai, 15 November 2018: Between 65-70% of new housing launches in the Mumbai Metropolitan Region has been its emerging suburbs, states ANAROCK’s latest report ‘The Peripheries – Greater Mumbai’s Future Suburbs‘.

As knowledge partners for the event, ANAROCK unveiled the report at Economic Times’ ACETECH real estate trade fair in Mumbai today.

In the process of scoping out MMR’s new real estate growth corridors, this report clearly illustrates how the rising property prices in Greater Mumbai are leading to a natural housing demand progression towards the peripheral areas.

While Mumbai’s share in overall launches in MMR declined from 71% in 2013 to 67% in the first three quarters of 2018, Navi Mumbai has witnessed an increase in share from 9-17%.

Due to the expansion of city limits from Greater Mumbai to the peripheries, more than 1.8 lakh units since 2013 have been launched in the western and central peripheral regions.

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

Panellists:

  • 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 –

 Anuj Puri, Chairman – ANAROCK Property Consultants

  • 4.25 lakh housing units ready-to-move-in in top & cities
  • Only 5% buyers will consider under-construction projects

RERA was supposed to save the day for homebuyers, but that doesn’t seem to have happened – at least not yet. In many states RERA, in its present form, is currently either non-existent or a pale shade of what it was intended to be. It is a fact that RERA has been diluted in some states to favour developers while in a few others it hasn’t even been deployed yet.

RERA’s primary area of focus is under-construction properties. After all, this is the area where buyers had been facing the most challenges on account of project delays, project plan deviations and various other issues.

As things stand now, states like Maharashtra, Uttar Pradesh, Gujarat, Karnataka, Punjab, Madhya Pradesh and Rajasthan have the benefit of operational RERA, but even in these states, the registration numbers are far from motivating.

While Maharashtra comes out on top with over 18,300 projects registered under it, other states where RERA has been implemented are lagging far behind.

  • 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)

City-wise unsold inventory

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.

Anuj PuriAnuj Puri,

  • 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.”

Housing Price Trends

Dinesh J.

Anuj PuriAnuj Puri, Chairman – ANAROCK Property Consultants

The festive season is considered auspicious for property purchase and Indians across many states prefer to make informed property buying decisions during this period.

To encash on the increased demand during the festive season, builders, on their part, leave no stone unturned to lure customers with freebies and discounts.

Over the last few years, mounting unsold stock across cities prompted developers to clear their stock and focus more on project completion rather than launch new ones.

Festive Season Offers

This year, launches have increased, and many builders have, in fact, been offering schemes, freebies and discounts all year long to attract home buyers.

Some of the prominent offers include cash discounts, flexi-payment plans, no registration or stamp duty fees, no EMIs till possession, free home appliances or gold coins, etc.

A lot is up for grabs and it is interesting to note the variations in festive discounts. Cash-starved developers are also coming up with some very innovative and attractive schemes.

If we analyse the trends during the year and previous festive season,