Anuj Puri – Page 6 – Indian Real Estate Redefined

BSE Realty Index – A Historic Growth Story

Over USD 26 billion of FDI in the construction development between April 2000 and June 2021, massive infrastructure spending of USD 1.35 trillion, and a buzzing IPO market that had raised over INR 42,000 crores in the past 3 years have been strong enablers of growth.

Indian Real Estate Attracts $1.8 Bn PE funds in H1 FY22, Y-o-Y Rise of 27% – ANAROCK

by Shobhit Agarwal

With total PE investments seeing a close to 27% yearly jump in H1 FY2022, investor confidence in Indian real estate is seen to be increasing. Foreign investors continued to remain major contributors with an approx. 63% share of the total inflows of USD 1790 Mn.

Independent Floors Stage a Comeback in Gurugram and Faridabad

by Santhosh Kumar

The average size of independent/builder floor flats outstrips that of apartments, and the average sizes have been increasing over the period. In contrast, apartment sizes were shrinking until 2021 (post the pandemic).

Festive Season in A Year of Transformation

by Anuj Puri

The long-awaited housing market revival is underway even before the pandemic is fully subdued. Whether it will last well into next year and beyond remains to be seen.

Approx. 4.5 Mn sq. ft. New Mall Supply to Come Up in 2021 Across Indian Cities

by Arun Chitnis

Improving consumer confidence and a resilient long-term retail growth story translates into higher shopping spending, which reflects in the mall space scheduled for deployment in 2021. As per ANAROCK research, approx. 4.5 Mn sq. ft. of new supply is planned for 2021.

Top 7 Cities See 113% Increase in Housing Sales in Q3 2021, New Launches Up 98% – ANAROCK

by Arun Chitnis

Residential property prices across the top cities increased by 1-4% in Q3 2021 compared to Q3 2020, mainly due to an increase in construction cost. Data reveals that the top 7 cities collectively saw average property prices increase by 3% annually - to INR 5,760 per sq. ft. in Q3 2021 from INR 5,600 per sq. ft. in Q3 2020. Bengaluru saw the highest 4% annual rise to INR 5,150 per sq. ft.

ANAROCK Survey – 50% NRI Respondents Prefer Luxury Homes Priced Above INR 1.5 Cr

by Arun Chitnis

The survey also highlighted the demand for bigger homes. At least 48% NRI respondents preferred larger homes of 3BHK configurations (>1,500 sq. ft.) while 28% favoured 2BHKs

ANAROCK launches Smart Community Management Proptech Platform ANACITY for Middle East and Africa

by Arun Chitnis

A SaaS (software-as-a-service) product, ANACITY helps apartment management companies to significantly reduce costs and boost the scope and efficiency of their services.

South Cities Dominate Office Leasing, 66% Share in FY21 vs 47% in FY18

by Prashant Thakur

Robust growth of IT/ITeS sector, affordable rentals & start-up boom have worked in favour of Southern office markets

Of 21.32 mn sq. ft. net absorption in FY21 across the top 7 cities, Bengaluru, Chennai & Hyderabad accounted for a 66% share, followed by West (MMR & Pune) with 21% & North (NCR) with 11%
Back in FY18, South cities comprised a 47% share, West – 33%, North – 17%
Office supply – of 40.25 mn sq. ft. of new office space completion in FY21, South cities dominated with a 63% share; West – 19%, North – 18%
Southern office rentals saw double-digit growth (11-15%) in this period; other regions lagged behind

Mumbai, 13 September 2021: The main South India office markets have overtaken other regions in terms of new supply, net absorption, and even rental growth. Among the top 7 cities, Bengaluru, Hyderabad, and Chennai saw their share of total office leasing increase to 66% in FY21 (against 47% in FY18).

The net office absorption in FY21 in the top cities was 21.32 mn sq.

by Arun Chitnis

For the first time, affordable housing is the lowest priority, with more than 34% respondent home seekers focused on properties priced between INR 90 lakh to INR 2.5 Cr.