ANAROCK Partners With Satguru Group For India Real Estate Investments By NRIs In Nairobi, Kenya

To market properties across India to Kenya’s populous & thriving ‘44^th tribe’ targeting investments in their homeland

Nairobi, 10 March 2019: India’s leading real estate agency ANAROCK has partnered with Satguru Group for an event to promote investment into Indian real estate by Kenya-based NRIs. This feature-rich event will be held on Sunday, 10th February 2019 in Nairobi.

During the event captioned as ‘Karmbhoomi Se Janambhoomi’, ANAROCK and Satguru Group will showcase attending NRIs with some of the best investment opportunities in India real estate.

The spread of options will encompass all housing formats from apartments and villas to townhouses in both the affordable and premium segments.

Shajai Jacob, CEO – GCC, ANAROCK Property Consultants says, “While there is a constant discussion revolving around NRIs from the Gulf, US, UK and Europe, Kenya-based Indians do not seem to appear on anyone’s radar. This is surprising, given that Kenya-based Indians – though only about 1% of the country’s population, are actually heavily involved in Kenya’s economy. In fact, Indians in Kenya contribute substantially in most of the sectors driving Kenya’s economy and operate countless small and large business enterprises in all of Kenya’s major geographies.

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants

Nearly 60% of women home seekers prefer a property within the budget-range of INR 80 lakh; 52% will opt for ready-to-move-in homes
Women homebuyers benefit from lower stamp duty charges, low home loan interest rates, and tax deductions
Women must now mandatory be either co-owners or sole owners of affordable homes.

There’s a famous saying – the hand that rocks the cradle rules the world. This is so apt today, as women are excelling across sectors and increasingly making their mark in a male-dominated world.

The 21st-century millennial woman is progressive and increasingly financially independent. This had led to a distinct shift in her investment preferences – where gold and fixed deposits were the primary choices for Indian women, real estate now rides high in her investment portfolio.

In fact, in ANAROCK’s consumer sentiment survey, nearly 20% of participants were women. Among the many highlights of this survey – nearly 42% of women respondents preferred real estate as an investment asset class, followed by 30% for FDs and a mere 17% for gold.

by Arun Chitnis

PRESS RELEASE

ANAROCK Launches Dedicated Operations In Abu Dhabi

To expand next into Oman, Bahrain, Saudi Arabia and Kuwait

More than 50% of NRIs living and working in the UAE have interest in Indian realty; top investment cities are Bangalore, Mumbai, Delhi NCR, Hyderabad, Chennai & Kochi
In ANAROCK’s Consumer Sentiment Survey, NRIs from the GCC countries comprised maximum share with 36% (followed by 23% from Western Europe, 22% in Asia and 19% in North America)
NRI investors have a higher appetite for under-construction properties than resident Indians; higher focus on investment for ROI rather than on end-use

Abu Dhabi, 5 March 2019: Marking the next step on its international expansion agenda, ANAROCK Property Consultants has announced the launch of its dedicated office in Abu Dhabi, the high-profile capital of the United Arab Emirates (UAE).

ANAROCK Abu Dhabi is the Firm’s second operational base in the UAE after launching operations in Dubai in 2017.

“We are in aggressive expansion mode in this key market.

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants

No discussion about Mumbai’s notoriously land-starved real estate market is complete without mentioning the massive tracts of land held by various Government and non-Government agencies and bodies.

Arguably, Mumbai Port Trust (MbPT) is currently one of the largest landowners in the country’s otherwise land-scarce financial capital.

Mumbai Port Trust owns nearly 1,900 acres of commercially useable prime land in South and South-Central Mumbai along the sea-facing eastern coast. If put to good use, this large tract of land can help considerably in solving the city’s immense housing shortage.

Initially either oblivious or indifferent to its real worth, the port authorities have now realized that they sit on a veritable goldmine that can fetch massive capital. However, it is definitely not as easy as it may appear since many are now trying to capitalize on this precious land.

Some existing lessees are refusing to vacate the leased premises – even post expiry of their lease period of 100 years – or even allow the rentals to be hiked to match the current market rates. Others are engaged in long-drawn court cases commissioned by either party.

by Arun Chitnis

Infrastructure & real estate together contribute 29.5% to India’s GDP – higher than US (22.6%) and China (17.6%)
Budget allocations in infra see massive jump – from USD 791 bn in 2014-15 to USD 2,042 bn in 2019-20
Sector attracted massive FDI worth INR 207 bn in last 5 years backed by growing economy & strong fundamentals

New Delhi, 01 March 2019: In line with its aim to enter the USD 5 trillion club economy by 2025 – which is highly dependent on real estate and infrastructure – the Government has taken a multi-modal approach towards infrastructure development in the country over the last five years.

Besides boosting the overall economy, this ‘infrastructure first’ approach is also steering real estate growth across India, finds the report ‘Infrastructure and Real Estate – A Fulcrum for Change and Economic Growth‘ by ANAROCK Property Consultants and Association of Infrastructure Industry (India).

The report was released at the Infrastructure Summit 2019, organized by the Association of Infrastructure Industry (India) in Delhi today.

Anuj Puri –

by Arun Chitnis

PRESS RELEASE

ANAROCK Completes 300 Exclusive Project Mandates Worth INR 22,000 Cr

100 exclusively mandated projects worth INR 9000 Crore currently ongoing
Sale rate of 1000 units/month unprecedented in the current market
The firm relies heavily on technology as the key differentiator

Mumbai, 27^th February 2019: ANAROCK today announced the successful closure of 300 exclusive mandates to market residential projects across India and in the Gulf. The cumulative market value of the inventory sold to date exceeds INR 22,000 Cr.

Anuj Puri, Chairman – ANAROCK says, “ANAROCK has strategically partnered with over 150 top developers across 13 Indian cities and in the Gulf. The market value of the overall mandated inventory we have sold since our launch in 2017 exceeds INR 22,000 Cr across the 300 residential projects. Interestingly, 11,000 units of these, with a value of INR 10,000 Cr, were sold in the current financial year (FY18-19) itself. The combination of focused experienced brokerage and our bespoke technology has been a winning combination.”

by Arun Chitnis

Three-fold jump of mall supply this year – from 3.2 mn. sq. ft. in 2018 to nearly 10 mn. sq. ft. – following supply rollover from the previous year
Online players plan survival tactics post new E-commerce policy; eye brick-and-mortar spaces
E-commerce pegged to grow at 27% CAGR, offline retail at 16% between 2017 & 2021
Nearly US $1.42 bn FDI infused in Indian market between April 2000 to June 2018

Mumbai, 25 February 2019: Responding to burgeoning consumerism in India, mall developers are rapidly infusing new retail developments across the top 7 cities, with nearly 10 mn. sq. ft. new mall supply in 2019.

Factoring in the rollover of some supply from 2018, there will be a three-fold jump in 2019 against the preceding year.

These and other critical insights are outlined in the research report ‘Customer Experience (CX): The Epicentre of Retailing’ by ANAROCK Property Consultants, released at the Retail Leadership Summit (RLS) 2019 in Mumbai today.

Customer experience and built environment are completely metamorphosing the retail business in the country,

by Arun Chitnis

Indian façade industry worth INR 15,000 Cr, growing 20% annually; global façade market to reach USD 340 billion by 2024
Fenestration and curtain wall industry pegged at INR 10,000 Cr – 65% share by fenestration, 35% by curtain walls
Sustainable, eco-friendly façade products now an industry imperative

New Delhi, 22 February 2019: Sustainable and eco-friendly façade developments focused on energy conservation and reduced dependency on fossil fuels are the new imperative of the rapidly-growing façade and fenestration industry, states ANAROCK’s Fenestration Industry Report.

The report, in association with World of Fenestration, was released at the World of Fenestration 2019 event in New Delhi today.

Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants says, “Rapid real estate and infrastructure development in India directly impact the demand for façade and fenestration products, particularly in office spaces. Our cities are going increasingly vertical, and vertical development created heat islands which environmentally unfriendly products exacerbate. Moreover, eco-friendly façade and fenestration products promote officegoers’ wellbeing and productivity.”

“The quest for creating iconic office structures plays heavily on façades and fenestration to evoke a modern aesthetic ethos.

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants

The keenly-awaited meeting of the Goods and Services Tax (GST) Council, which was supposed to deliver a final decision on the differential tax rates on real estate yesterday, hopes to reach a consensus on the 24th.

This is a critical matter and the outcome will have a notable impact on real estate market sentiment.

The levying of 5% GST (without the benefit of input tax credit or ITC) can help boost homebuyers’ favourable disposition towards making a purchase decision.

While it may not trigger the kind of massive housing sales which the industry sorely needs, it can make a difference.

The crux of the matter is the relative merits and demerits of two propositions – a flat 5% GST without ITC or a higher GST with ITC.

If the Government decides on 5% GST without ITC, here are the impacts on different industry stakeholders:

GST Impact On Home Buyers

Lowering the GST rate can definitely provide a short-term boost for fence-sitting homebuyers to make purchase decisions.

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants

GST rate cut or not, GST-exempt ready-to-move draws maximum sales
Of the total unsold stock of 6.73 lakh units in the top 7 cities, only 13% are ready-to-move-in
Of 5.88 lakh unsold under-construction units, 20% to be completed in 2019 – the addition of 1.16 lakh RTM units
Can a marginal tax saving on overpriced properties trigger sentiment revival in delay-tainted under construction segment?

The recent interim budget announced fresh sops for the Indian real estate sector – which, on closer scrutiny, did not really send clear revival signals to the market at all. Now, the strident demand for lowering GST rates on under-construction properties is on the table.

In fact, the prime minister and finance minister have proactively assured that they are considering this collective demand from the industry positively. Will a GST cut infuse enough positive sentiment to help the languishing real estate sector revive?

Perhaps, rather than debating whether a GST cut will do the trick, we should ask ourselves whether it would actually solve the ‘real’ problems the sector is facing.

ANAROCK Partners With Satguru Group For India Real Estate Investments By NRIs In Nairobi, Kenya

Millennial Women: Riding High On Home Ownership

ANAROCK Launches Dedicated Operations In Abu Dhabi

Mumbai Port Trust: Multiple Issues, No Easy Solutions

Multi-Modal Infrastructure Steers India’s Real Estate Growth: ANAROCK Report

ANAROCK Completes 300 Exclusive Project Mandates Worth INR 22,000 Cr

New Mall Supply To Touch 10 Mn. Sq. Ft. In Top 7 Indian Cities In 2019: ANAROCK Report

Sustainability A Prerogative For Indian Façade And Fenestration Industry – ANAROCK Report

5% GST Without ITC: Impact On Buyers, Builders And The Exchequer

GST Rate Cut – Panacea or Brief Pain Relief for Real Estate?