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.
Category: Real Estate Trends
The demand for student housing has never been higher with Government measures drawing lakhs of students to Indian college campuses for higher studies.
Coliving, coworking and student housing have 7-11% higher rental yield than 3% national residential average, according to a CII-ANAROCK report.
Housing sales revenue of the top 9 stock exchange-listed developers continued to grow steadily in the last festive quarter, according to ANAROCK data.
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.
Luxury housing sales are still in the doldrums with unsold luxury stock increased by 10% y-o-y in the top 7 cities by 2019-end, reveals ANAROCK data.
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,
Select malls, eateries, multiplexes and retail establishments can remain operational 24/7 in Mumbai as it joins the ranks of cities which operate 24/7.