Indian residential real estate is increasingly driven by end-users - and women homebuyers are emerging as major contributors towards this trend.
Category: Real Estate News
According to ANAROCK-LIC’s Consumer Sentiment Survey – H2 2019, policy interventions like 25K Crore AIF, tax concessions have boosted homebuyer confidence.
In a significant trend seen in the last decade, homebuyers in NCR had to wait for the longest time to get possession of their flats among the top 7 cities.
Coliving, coworking and student housing have 7-11% higher rental yield than 3% national residential average, according to a CII-ANAROCK report.
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.
RBI kept the repo rates unchanged at 5.15%, but in a major relief to the real estate sector, decided to extend the restructuring of project loans by a year.
Union Budget 2020-21 was a ‘make or break’ Budget for the Indian government with most sectors (including real estate) seeking concessions.
PRESS RELEASE
ANAROCK Commercial Launched to Tap INR 63,000 Cr Office Strata Sale Market
- To focus on sales of office assets to corporates, HNI investors & end-users
- ~ INR 2.5 Lakh Cr worth of Grade A office space under construction in top 7 cities to be completed over the next 4 years; 25% (worth INR 63,000 Cr) up for strata sale
- ANAROCK Commercial already secures mandate marketing of 3 mn sq. ft. of office space in NCR & MMR; to capture 10% market share in 1st year of its operations
Mumbai, 28 January 2020: Close on the success of its residential services vertical, ANAROCK Group today announced its expansion into office real estate.
ANAROCK Commercial will focus exclusively on strata sale office assets. Industry veteran Bappaditya Basu has been appointed as Chief Business Officer – ANAROCK Commercial.
Anuj Puri, Chairman – ANAROCK Group says, “ANAROCK Commercial was a part of our expansion plan, and its launch is a natural next step after our resounding success in the residential sales market,
100 new malls spanning over 49 mn sq. ft. are scheduled to come up across the country by 2022-end, reveals the latest ANAROCK research.
SBI’s latest and highly differentiated home loan scheme is an extremely good move and positive for the residential real estate sector as a whole.