‘A Blueprint for Modern Infrastructure Delivery’, authored by international construction and consultancy company, Mace, finds that by 2030 India will be spending US$500 billion (over 37 trillion) a year to accommodate its rapidly expanding population.
South-Central Mumbai localities witnessed luxury home sales worth INR 500 Cr last month (October). In 2019, the corresponding period saw luxury sales worth approx. INR 150 crore, thus improving by >230% in the year.
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.
Q3 2020 saw home sales values increase by more than 2.3 times to approx. INR 29,731 crore - up from INR 12,694 crore in the preceding quarter
High-intensity focus on making India a global manufacturing hub has caused warehousing clusters to expand rapidly beyond the top cities and into tier 2 and 3 cities, reveals a joint report by US-based Binswanger Commercial Real Estate Services and ANAROCK Group
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.
The ANAROCK Group has appointed retail real estate veteran Pankaj Renjhen as COO & Joint Managing Director - ANAROCK Retail. With immediate effect, Renjhen shares the responsibility of overseeing the Firm’s Indian retail operations with Anuj Kejriwal, MD & CEO - ANAROCK Retail
US-based Binswanger Commercial Real Estate Services and ANAROCK Group have partnered to offer boutique advisory, brokerage and transaction services on industrial real estate opportunities between India, USA and other global markets.
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.
