Real Estate Trends – Page 34

80% Of Navi Mumbai Launches Affordable-To-Mid-Segment – ANAROCK-CREDAI Report

PRESS RELEASE

80% Of Navi Mumbai Launches Affordable-To-Mid-Segment – ANAROCK-CREDAI Report

Housing sales have exceeded launches in the past two years
At 36,400 units, Navi Mumbai has only 15% of MMR’s overall unsold supply
Navi Mumbai ranks 2nd in Ease of Living out of 111 cities, surpassing Greater Mumbai & Thane

Navi Mumbai, 5 October 2018: Nearly 80% of the overall residential project launches in Navi Mumbai from 2013 to H1 2018 are in the affordable (< INR 40 Lakh) and mid-segment (INR 40 Lakh – INR 80 Lakh) budget range, states a report by ANAROCK Property Consultants and CREDAI.

The report ‘Navi Mumbai – City of Possibilities‘ was released at the Capital Connect event organized by CREDAI BANM in Vashi, Navi Mumbai today.

Anuj Puri, Chairman – ANAROCK Property Consultants says, “If we focus on the unsold inventory, it emerges that Navi Mumbai has a mere 15% of the overall pent-up housing stock in MMR.

by Anuj Kejriwal

Anuj Kejriwal, MD & CEO – ANAROCK Retail

Online retail is projected to grow to US$ 73 billion by 2022
Retail sector attracted US$ 147.40 million investments in FY18
Organised retail penetration expected to reach 10% in 2020 against current 7%
Amazon & Alibaba are investing in offline stores – brick-and-mortar retail will survive the ‘online assault’

The Changing Dynamics of Indian Retail

The Indian retail sector is on a faster roll than ever before. Rapid urbanization and digitization, rising disposable incomes and lifestyle changes – particularly of the middle-class – are acting as booster rockets for the Indian retail sector, which is projected to grow from US$ 672 billion in 2017 to US$ 1.3 trillion in 2020.

Over the last two decades, the Indian retail market has witnessed phenomenal changes, evolving rapidly from traditional shops to large multi-format stores in malls offering a global experience, and on to the highly tech-driven e-commerce model.

These changes have resulted in unprecedented growth in overall consumption with numbers suggesting that consumer expenditure in India will rise to US$ 3,600 billion by 2020 from US$ 1,824 billion in 2017.

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants

Technology has disrupted almost every facet of the real estate business today. However, the creation of the core product is and will remain the most important aspect of this business, and advanced technologies are certainly playing a major role there.

By adopting innovative technologies like automation in construction, innovative designs, sustainability, use of prefabricated material and online marketing, developers can value-engineer their product.

Let’s look at some of the existing and upcoming technology disruptions in real estate construction.

3D Printing

Among the many new technologies already adopted by the construction sector, 3D Printing (large-scale printing of homes) is anticipated to change the way real estate is built over the next decade.

Though still very nascent, 3D Printing can potentially replace a substantial amount of construction across major segments, including residential, commercial or even retail.

This will be a massive paradigm shift in real estate development. Apart from seriously reducing waste, cost and labour requirements, 3D printing will help builders penetrate the hitherto inaccessible areas of dense urban centres,

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants & HVS ANAROCK

There’s a popular saying in India – Athithi Devo Bhava –meaning the guest is God. Backed by this popular belief and the rising business prospects due to the significant growth of the Indian travel industry, homestays have today become a viable option for both travellers and its owners alike.

For the guest, it’s a home away from home that is nicely tucked into the greens or high up in the hills, in the remotest hinterlands. For the property owner, it’s a lucrative income source.

Numbers suggest that India’s travel market is projected to grow at an annual rate of 11-11.5% and will be worth $48 bn by 2020. Homestays are indisputably one of the means to cater to this growing demand. Rising disposable incomes, focused government measures to boost the travel industry and the growing appetite for travel is accelerating this growth.

In fact, India saw a 15.6% annual increase in foreign tourist arrivals in CY 2017 as against the previous year. Business tourism too is expected to grow three-fold by 2030 from $30 bn in 2015.

by Mayank Saksena

Mayank Saksena, MD – Land & Head – South India, ANAROCK Property Consultants

Driven largely by the end-users, the Bengaluru real estate market has remained resilient even during the worst phase of the property cycle in the country.

Realistic property prices, ‘real’ demand by end-users, developers’ strategy to keep the new launches under control along with their consistent efforts to minimize the demand-supply gap have worked in favour of the ‘Garden City.’

Since the end-users here are mostly professionals working across service sectors led by the IT/ITeS, developers have been conscientiously aligning their offerings to this demand.

For instance, to cater to the demands of a tech-savvy homebuyer, developers have launched ‘Smart Homes’ for their buyers with several features at the ‘click of a button.’ Additionally, builders here were among the first to offer an online payment system for a property.

One of the major positives of this city is that it has always adapted well to the changing market dynamics, and therefore remains well-positioned for future growth as well.

As per ANAROCK data, the city added 8,800 units in Q2 2018, a quarterly increase of 28% against the preceding quarter.

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants

Hyderabad’s residential demand has witnessed a significant increase due to rising employment opportunities and positive market outlook, which were just marginally affected by policy changes including DeMo, RERA and GST.

ANAROCK Property Consultants’ report ‘Hyderabad: The Bright Spot in Indian Real Estate’ analyzes the city’s major real estate trends and highlights that the city has emerged as one of the most sought-after residential destinations in the country.

The city is experiencing a phenomenal spurt in residential real estate activity with appreciating capital values and increase in retail and office space absorption from 2014 to 2018.

Policy support from local government to strengthen the socio-economic indicators has largely attracted investments post-2014.

Hyderabad Real Estate Supply-Absorption Trends

Absorption in Hyderabad increased by 21% in 2017 as against the previous year due to positive market sentiments coupled with growing IT workforce mainly in the western zone. The absorption in Q1 2018 is at par with the new supply being pumped into the market.
The unsold inventory in the city has been declining gradually since 2017.

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants

Technology is disrupting different industries across the world, and real estate cannot be far behind.

Already, real estate consultants have moved beyond the traditional ways of prospecting, with the Internet opening up the market in unprecedented ways and taking a lot of the footwork out of finding property options.

As much as 70% of modern real estate consultancies’ prospects are today acquired through digitally-obtained leads.

As big data and analytics become more integrated with the property brokerage industry, such consultancies are now ‘cracking the code’ by in many innovative ways, including:

Obtaining and feeding deal and bid information into their company’s central repository at the tap of a few buttons
Instantly matching customers’ requirements with the available options
Tracking data on projects’ construction progress and regulatory compliances in real time as and sales figures information

If we look at the larger picture of technology use in the real estate business, various new avenues and means of doing business are going to open up. Let us, for example, take crowdfunding.

Crowdfunding in Real Estate

Crowdfunding could emerge as a new way for real estate consultancies to add value both to developers and their customers.

by Arun Chitnis

Piramal Capital & Housing Finance Announces the Launch of its Housing Finance Business in Nashik

25+ start-ups and 6,000 angel investors sharp-focusing on the city
726 MahaRERA registered projects in Nashik city out of 904 new and ongoing projects in Nashik
₹2,200 Crore as an estimated cost to turn Nashik into a Smart City

Nashik, 31st August 2018: CREDAI Nashik Metro & ANAROCK Property Consultants released a research report on Nashik: Land of Opportunities at the Capital Connect event held today in collaboration with Piramal Capital & Housing Finance. The report findings state that Nashik is emerging as a favoured investment destination.

The report focuses on Nashik’s immense potential as an exciting new destination for domestic and global businesses. In addition, Mr Jijina formally announced the launch of the housing finance business of Piramal Capital & Housing Finance in Nashik.

Mr Khushru Jijina, Managing Director – Piramal Capital & Housing Finance Ltd. Said, “Nashik exhibits tremendous potential as a promising new investment destination in North Maharashtra. We are delighted to announce the launch of our housing finance offering in Nashik – which marks our strategic foray into selective non-metro markets.

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants

Highly-delayed units in MMR and NCR are worth a whopping ₹3,60,000 crore
Hyderabad has least project delays with around 8,900 units worth ₹5,500 crores delayed
Dilutions in RERA make it ineffective in some states

Incessant project delays, dodgy activities of some developers and land litigation issues have plagued the Indian real estate sector over the last several decades, not helping its domestic and international image.

Realizing the significance of real estate on the economy of the country, the Government has, over the last few years, been taking active measures to bring in greater transparency and efficiency.

However, despite the implementation of game-changing policies like RERA and GST, the issue of stalled or delayed projects that has primarily been at the core of buyers’ discontent is yet to be addressed satisfactorily.

If we add up the numbers for the top 7 cities, it emerges that the residential real estate launched in or before 2013 that is stuck in various stages of (non) completion is collectively worth a whopping ₹4,64,300 crore for a total of 5,75,900 units that are yet to be delivered to their respective homebuyers.

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants

Among the top 7 cities, MMR saw most new launches – nearly 13,600 units & highest sales at 15,200 units in Q2 2018
17,220 promoters and 15,550 agents under MahaRERA – highest RERA registration Pan India
Stamp duty increase may be a slight dampener in the short-term

On the back of critical policy reforms like DeMo, RERA and GST, 2018 is seeing both sales and new supply picking up across cities. Interestingly, the Mumbai Metropolitan Region (MMR) leads this trend.

ANAROCK data indicates that out of the total new housing supply of around 50,100 units in Q2 2018 across the top 7 cities, MMR saw the highest number of new launches with nearly 13,600 new units – a 59% increase against the preceding quarter.

In terms of sales too, MMR clocked the maximum housing sales with approximately 15,200 units being sold in Q2 2018 – an increase of 26% against Q1 2018.

80% Of Navi Mumbai Launches Affordable-To-Mid-Segment – ANAROCK-CREDAI Report

E-Commerce Vs Malls – Indian Retail Finds Its Way

5 Technologies Disrupting the Construction Sector

3D Printing

Homestays – Why More Travellers are Checking In

Bengaluru’s Hottest Residential Property Destinations

Hyderabad: The Bright Spot in Indian Real Estate

Technology In India Real Estate – From Crowdfunding To Blockchain

CREDAI, ANAROCK, Piramal Capital & Housing Finance Release Research Report on Nashik – Land of Opportunities

Can RERA Rescue ₹4,64,330 Cr of Stuck Housing?

MMR’s Most Vibrant Housing Markets – Affordable To Ultra Luxury

PRESS RELEASE

80% Of Navi Mumbai Launches Affordable-To-Mid-Segment – ANAROCK-CREDAI Report

The Changing Dynamics of Indian Retail

3D Printing

Crowdfunding in Real Estate

MMR’s top 3 micro markets across budget ranges 2017 – Q2 2018:

Affordable Segment (<