As per ANAROCK data, out of the total new housing supply in year 2015 (approx. 3.90 lakh units), branded players’ share accounted for 41% while the remaining 59% of housing supply was by non-branded players.
Category: Real Estate Tips
ANAROCK Sells ~1,805 Homes in Sept.-Oct. Period, Up 78% Y-o-Y
- Firm sold 1,016 homes in the corresponding period in 2019 across top 9 cities in India & Dubai
- Despite COVID-19, organic buyer demand boosting sales amidst ongoing festive offers & discounts, govt. incentives (particularly stamp duty cut in Maharashtra) & prevailing low home loan rates
- MMR tops list – ANAROCK sold 573 units in September & October 2020 against 265 units last year (approx. 116% yearly rise), followed by NCR with 333 units sold in these two months against 260 units last year
- In Bengaluru, Firm sold 257 units in this period (76% y-o-y jump); 223 units sold in Chennai – a nearly five-fold yearly jump in Sept.-Oct. months this year
- NRIs capitalize on prevailing low prices in Dubai – ANAROCK sold 17 units in these two months against 3 units in this period last year
Mumbai, 1 December 2020: Despite unusual pressures on the housing market, residential real estate is on a high this festive season. ANAROCK Property Consultants sold 1,805 homes across top 9 Indian cities (NCR, MMR, Chennai,
The Model Tenancy Act provides a clear roadmap for states to follow and tweak according to their local conditions and market. It remains to be seen to what extent the states will toe the central government’s line.
A home office, previously considered a luxury or even completely unnecessary, is now an important feature.
the Q3 2020 base period saw nearly 29,520 units sold across the top 7 cities - much lower than the pre-COVID-19 quarter (Q1 2020) which saw nearly 45,200 homes sold. This effectively results in a larger scope for growth.
Hyderabad, Kolkata and NCR saw their new supply increase by 45%, 24% and 10% respectively during the period. The affordable and mid segments (priced up to INR 80 Lakh) comprised over 72% share (approx. 23,290 units) of the total new supply between July-Sept.
In the post-COVID-19 era, affordability of mid-income homes, calculated on the ratio of home loan payment to income, will touch its lowest-best at 27% in FY21. It was 53% in FY12 and has been falling y-o-y ever since.
Second homes are now a tantalizing vision of shelter in the time of storm – and a rebooted lifestyle which would have been considered neither feasible not possible in pre-COVID-19 times.
A recurring theme of this pandemic has been seniors living alone, struggling for basics, managing without house help and anxious about existing and potential medical issues. The need for homes in a setting where these factors are taken care of is now undeniable.
As we usher in our 74th year of independence, there is still a long way to go. And yet, despite the various upheavals to date, the foundation upon which to build a stronger and more inclusive industry has never been stronger.