Anuj Puri – Page 43 – Indian Real Estate Redefined

The Rise And Rise Of Indian Malls

Anuj Puri, Chairman – ANAROCK Property Consultants

Over 30 new shopping malls covering 14 million sq. ft. of the area expected across top 8 cities by 2020
Indian retail pegged to grow by 60% to reach US$ 1.1 trillion by 2020
Tier 2 cities fast catching up with the metros

Rapid urbanization and digitization, increasing disposable incomes and lifestyle changes of the middle-class are leading to a major revolution in the Indian retail sector, which is pegged to grow by 60% to reach US$ 1.1 trillion by 2020.

The Government has clearly hit the bullseye by easing the FDI norms in the retail sector over the past few years. Reacting to the immense opportunities and diminishing entry barriers into the Indian retail scene, overseas retailers are now expanding exuberantly.

And it’s not just the metros they’re targeting – even tier 2 cities like Ahmedabad, Chandigarh, Lucknow and Jaipur, to name a few, are opening up for organized retail in a big way. Malls are literally mushrooming across the Indian subcontinent.

Ready,

by Shobhit Agarwal

Shobhit Agarwal, MD & CEO – ANAROCK Capital

As India rises to greater prominence on the world map, global corporates are more eager than ever to participate in the country’s growth story.

A GDP growth rate of 7% plus, a population base of over 1.2 billion and an urbanization rate northward of 30% are irresistible investment magnets, and real estate development remains a key focus area.

India opened its doors to FDI way back in the 2000s, and since then not only much-needed capital but also critical expertise has flowed in. No doubt, the subprime crisis of 2008 led to a decline in foreign fund inflows; however, today the situation has turned and certainly looks upbeat.

The real estate sector was among the main beneficiaries of the opening up of FDI into the country and has transformed significantly as a result. In the past few decades, it has metamorphosed from an unorganized, closely-held business to an increasingly organized and a corporatized one.

The recent structural changes including demonetization, the crackdown of Benami transactions, RERA and GST may have had short-term negative impacts, but they also encouraged the inflow of foreign funding which always reacts favourably to signs of increasing transparency,

by Arun Chitnis

PRESS RELEASE

HVS And ANAROCK Join Forces To Tap Into India’s $210 Billion Hospitality Market

Partnership to boost HVS India’s annual turnover by up to 75%
Multiple big-ticket hotel funding, divestments & acquisitions already underway

Mumbai, 17 May 2018: India’s leading real estate services firm, ANAROCK Property Consultants, today announced its partnership with HVS, the global hospitality sector leader.

As a new business vertical under the ANAROCK Group, HVS ANAROCK will focus on brokerage, feasibility studies, operator searches, appraisals, executive search and other hospitality sector consulting and advisory services throughout South Asia.

Anuj Puri, Chairman – ANAROCK Property Consultants takes on the added role of Chairman – Hospitality at HVS ANAROCK and the Firm’s soon-to-be-appointed CEO will report to him. Shobhit Agarwal, MD & CEO – ANAROCK Capital will head the transactions vertical at HVS ANAROCK.

Stephen Rushmore Jr, President and CEO – HVS, commented, “We are very excited to partner with ANAROCK as we share a strong professional and cultural fit.

by Prashant Thakur

Prashant Thakur, Head – Research, ANAROCK Property Consultants

After a year-long delay, the final draft of Greater Mumbai Development Plan (DP) 2034 recently saw the light of day.

The highlights were the amendments in the development control regulations (DCR) in terms of increased FSI and the opening of the salt pan lands for construction of affordable houses, which are now the talk of the town.

DP 2034 visualizes Greater Mumbai as a ‘competitive, inclusive and sustainable city’. It goes without saying that decongesting the city must be a prime focal point in such an agenda.

Accordingly, the Municipal Corporation of Greater Mumbai (MCGM) has decided to utilize the city’s huge tracts of salt pan lands for affordable housing projects.

A total of 3,355 hectares of salt pan lands are spread across MCGM in Dahisar, Goregaon, Mulund, Bhandup, Kanjur, Nahur, Ghatkopar, Turbhe, Mandale, Chembur, Wadala and Anik.

These lands, which were classified as salt pan lands and no development zones (NDZs) for decades are now open for new development.

According to the final draft of DP, 2,100 hectares of salt pan lands are now demarcated for the construction of 10 lakh affordable housing development,

by Anuj Puri

ANB Capital Merges With Anuj Puri’s ANAROCK Property Consultants

Shobhit Agarwal to head new entity as MD & CEO – ANAROCK Capital

Mumbai, 8 May 2018: Anuj Puri, Chairman – ANAROCK Property Consultants and Shobhit Agarwal, MD & CEO – ANB Capital Advisors today announced the formal merger of ANB Capital with the ANAROCK Group to create ANAROCK Capital, which Shobhit Agarwal will head as MD & CEO.

The ANAROCK Group’s residential services division has already defined itself as India’s leading, fastest-growing and most disruptive consultancy in the industry. With the addition of the Capital Markets vertical, ANAROCK takes a major step forward towards its ambitious expansion plans.

“The Indian real estate market is in its next evolutionary stage, and perfectly primed for ANAROCK Capital,” says Anuj Puri. “The firm will fill the massive real estate investment banking advisory gap that exists in a market completely redefined by RERA in terms of how the market operates and who will operate it going forward. Among several other functions,

by Anuj Puri

The 14 spokes of RERA’s protective umbrella

Anuj Puri, Chairman – ANAROCK Property Consultants

The Indian real estate industry, particularly the residential sector, was in the past correctly characterized as being unregulated and unorganized with unreasonable project delays and poor quality of construction being definitive aspects.

The arrival of the Real Estate Regulatory Act (RERA) in March 2016 brought in a paradigm shift in the sector and metamorphosed it into a more mature, systematic and regulated one.

RERA came into force on May 1, 2017, and is meant to be a homebuyer-friendly regime which will address their grievances and promote transparency, efficiency, financial discipline and accountability in the sector.

Indeed, buying a home is not only the most cherished dream for many Indians but also one of the biggest long-term financial commitment in the buyers’ lifetime.

Considering this, there are 14 important guidelines incorporated in the RERA umbrella to prevent unscrupulous players from raining on consumers’ homebuying plans:

1. Enforcing timely delivery of projects

In case of project delays,

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants

Buying a house is an important milestone and a lifetime decision for most Indians. After years of saving and diligent planning, one decides to purchase a house.

In addition to the increased social stature and financial security implied in home-ownership, a home purchase also helps in big-time tax savings. Also, instead of paying fat rentals, one creates an asset which will appreciate over the long term.

A cursory look at average property prices reveals that overall across the top 7 cities, there isn’t too much variation in 2017 as compared to the previous year.

Also, property prices differ in each city and also vary as per the location and its inherent growth drivers. Generally, developers are not in favour of visibly reducing the prices as it transmits negative sentiments in the market.

However, a deep-dive assessment of the market conditions reveals that a pseudo-price correction has come in the form of freebies, discounts, offers, schemes, etc. Also, buyers who sit across the table in a developer’s office with a token amount cheque, discounts and reduced prices are surely offered.

by Santhosh Kumar

Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants

You read of it in advertisements and on hoardings, and hear of it in radio jingles and TV commercials – the ideal home, or ‘dream home’.

It makes you wonder if you’re living the lifestyle you truly deserve, if your previous home purchase decision was too hasty and if there is a chance you could do better.

The ‘ideal home’ is a ubiquitous marketing concept, and it haunts buyers before and after a property purchase. But is there really such a thing in India?

The ‘Ideal Home’ Paradox

By and large, the concept of an ‘ideal’ home is very relative in this country. While everyone carries a picture of their dream home in their hearts, that image usually cannot translate into reality in this country.

People long to stay close to nature, yet also close to the excitement and opportunities of the city. They long for a home in an environment unpolluted by noise and vehicle emissions, yet depend heavily on public transport and roads to use their personal vehicles for commuting to and from work.

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants

The Government’s approval on the long-pending Mumbai DP 2034 is a welcome move.

The DP is likely to spur real estate activity in the city and also pave the way for the development of much-needed affordable houses in Maximum City.

Let’s look at the major highlights and likely impacts of this Development Plan:

Highlights of DP 2034

Overall NDZ is 16,700 hectares of which around 12,900 have now been classified as Natural Area (NA), which includes parts of Sanjay Gandhi National Park, Mangroves, salt pans and parts of Film City and Aarey milk colony, along with a few regions under CRZ.
DP 2034 proposes to unlock 3,700 hectares of public and private land currently tagged as No Development Zones (NDZ) – this massive land unlocking will open new avenues for real estate development
There is a target to construct 10 lakh affordable homes through unlocking of NDZ – this is a major push for the affordable housing segment, and much needed to accommodate the ever-increasing population in the city
The largest additions to the city’s developable land banks in recent history
FSI levels in the Island City are raised up to 3,

by Anuj Puri

Addition of nearly 6,800 new units marks 127% increase over previous quarter

Emerging as the front-runner in the major South Indian markets in terms of new housing supply infusion, Bengaluru saw significant growth in new housing launches as well as absorption in Q1 2018.

In fact, Bengaluru saw highest launches among these markets with nearly 6,800 new units supply in comparison to Hyderabad and Chennai, which saw the launch of 2,600 and 2,100 units respectively. Bengaluru also leads on the absorption front, with a total of 11,500 units sold in Q1 2018.

“Increased commercial activity, positive buyer sentiments, infrastructure upgrades and improved job opportunities in the city have given a major fillip to Bengaluru’s housing market,” says Anuj Puri, Chairman – ANAROCK Property Consultants. “This market is largely driven by the end-users who were in a wait-and-watch mode so far. These buyers have now actively returned to the market on the back of the overall sentiment upsurge resulting from the Bengaluru’s rapidly improving market fundamentals.”

Supply & absorption trends – Bengaluru, Hyderabad & Chennai

Bengaluru realty on an upswing

“Even at a pan-India level,

The Rise And Rise Of Indian Malls

Returning FDI Equity Scripting India’s Real Estate Revival?

HVS And ANAROCK Join Forces To Tap Into India’s $210 Billion Hospitality Market

Mumbai Salt Pan Lands: Mitigating the Hazards of NDZ to Affordable Housing Bonanza

ANB Capital Merges With Anuj Puri’s ANAROCK Property Consultants

How RERA Is Revolutionizing Indian Real Estate

The Logical Way of Seeing Real Estate Price Corrections

Busting the Myth Of The ‘Ideal Home’

Mumbai DP 2034 Receives the Government’s Nod

Bengaluru Housing Sector Outstrips Hyderabad, Chennai In Q1 2018