Approx. 99,550 units were sold in Q1 2022 – a significant increase of 71% over Q1 2021. NCR, MMR, Bengaluru, Pune, and Hyderabad together accounted for 89% sales in the quarter
Category: India Property
Despite the withdrawal of all the sops by the state government, residential sales momentum in Maximum City has remained strong in the current fiscal. This indicates that the city’s housing demand is on a winning streak despite the withdrawal of stamp duty benefits.
36% of participating women homebuyers prefer 2BHKs - a clear preference trend for bigger spaces. 38% of women buyers want to buy homes in city peripheries, 30% will buy within city limits
The survey finds that an under-10% increase would have a moderate-to-low impact. However, an increase of over 10% would have more profound repercussions on buyer sentiment.
2.78 Lakh Homes Completed in 2021, Over 3.85 Lakh to Complete in 2022
Approx. 2.78 lakh units were completed across the top 7 cities in 2021, against over 2.14 lakh units in 2020, according to latest ANAROCK Research data
ANAROCK Group's Capital Markets division has announced the successful conclusion of a transaction for 32 acres of prime land in Pune's realty hotspot Wagholi
Allocation of INR 48,000 Cr for PMAY Urban and Rural will push forward its ‘Housing for All’ initiative. Under PMAY, the government plans for 8 Mn houses in FY’23
The residential sector looks forward to further support beyond the mainstay demands of industry status, easy availability of finance, and GST rates reduction. In the upcoming Union Budget 2022-23, some significant moves would help spur up residential demand include:
The S&P BSE Realty Index, an indicator of real estate companies’ performance on the bourses, grew 204% between 1st Apr 2020 to 12th Jan 2022, surpassing all sectoral indices’ returns as well as outperforming the broader market.
The housing inventory overhang across the top 7 cities plunged to 32 months by 2021-end, closing in on the 30 months reading by 2019-end