Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants
- Just 63,000 ready units currently benefit out of total 6.73 lakh units across top 7 cities
- Nearly 22,000 ready unsold units completed before 2017 don’t benefit from new rule
- 33% of 5.88 lakh unsold under-construction units in the luxury segment – 49% in MMR – will not benefit immediately
Just when the real estate industry was preparing to give the budget a complete thumbs down, the finance minister sprung a surprise ‘bonanza’ for the sector in the last 10 minutes of his speech. Or so it seemed.
Without a doubt, affordable housing gained amidst what was essentially a mass-appeal budget. However, it was the extension of tax relaxation on notional rent for unsold inventory for another year that cheered developers.
However, under closer scrutiny, it is unlikely to benefit a majority of them as on date.
Anti-climax for developers
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New IT, Electronics Policy To Drive West Bengal Housing Demand – ANAROCK Report
- Services is the fastest-growing sector with 15.6% growth in 2017-18
- Housing prices declined in Q4 2016 after DeMo, but recovered within 4 quarters to register positive growth.
Kolkata, 28 November 2018: West Bengal’s new IT policy to disseminate the IT-ITeS activities across the state for the benefit of the population in the fringe and rural areas.
This will be a game-changer for the state’s real estate market as well as its larger economy. This is one of the many highlights of the report ‘Kolkata: The East’s Icon of Balanced Growth‘ by knowledge partners ANAROCK at CREDAI StateCon today.
The report emphasises West Bengal’s aim to spread the reach of IT/ITeS across the state will help replicate the success of Eastern Kolkata in other parts of the state.
Anuj Puri, Chairman – ANAROCK Property Consultants says, “While West Bengal’s real estate market has witnessed only marginal capital values appreciation since 2015, some significant reforms by the State Government have infused a fresh spark into it.
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Mapping Mumbai’s emerging suburbs as the new growth corridors
- 65-70% of MMR’s housing launches in peripheries
- Nearly 54% supply priced below INR 80 lakh
- At 0.2 million units, MMR has 37% of unsold inventory in the top 7 cities
Mumbai, 15 November 2018: Between 65-70% of new housing launches in the Mumbai Metropolitan Region has been its emerging suburbs, states ANAROCK’s latest report ‘The Peripheries – Greater Mumbai’s Future Suburbs‘.
As knowledge partners for the event, ANAROCK unveiled the report at Economic Times’ ACETECH real estate trade fair in Mumbai today.
In the process of scoping out MMR’s new real estate growth corridors, this report clearly illustrates how the rising property prices in Greater Mumbai are leading to a natural housing demand progression towards the peripheral areas.
While Mumbai’s share in overall launches in MMR declined from 71% in 2013 to 67% in the first three quarters of 2018, Navi Mumbai has witnessed an increase in share from 9-17%.
Due to the expansion of city limits from Greater Mumbai to the peripheries, more than 1.8 lakh units since 2013 have been launched in the western and central peripheral regions.
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At Economic Times-powered ACETECH event on 15th November 2018 in Mumbai, knowledge partners ANAROCK Property Consultants will release their latest and most incisive report on MMR – ‘The Peripheries – Greater Mumbai’s Future Suburbs‘.
A veritable Who’s Who of Mumbai’s real estate industry is participating in a panel discussion on Mumbai: Resurgence and Preparation for The Big Leap
- Dr Niranjan Hiranandani, Managing Director – Hiranandani Group
- Venkatesh Gopalkrishnan – CEO, Shapoorji Pallonji
- Parag Munot, Managing Director – Kalpataru
- Vikas Oberoi, Chairman & Managing Director – Oberoi Realty
- Sandeep Runwal, Chairman – Runwal Constructions
- Shrikant Joshi, CEO – L&T Realty
- Sangeeta Prasad, Managing Director & CEO – Mahindra Lifespaces Developers
- Ashish Raheja, Managing Director – Raheja Universal
- Hafeez Contractor – Architect Hafeez Contractor
- Neel Chandra Raheja, President –
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- Housing sales increase by 32% in a year, highest amongst the top cities
- Unsold housing stock declined by 32%
- Maximum new supply in the Rs. 40 – 80 lakh budget range
Bengaluru, 29 October 2018: Bengaluru’s real estate market has out-performed all other cities in terms of shedding unsold housing inventory, says the latest report by ANAROCK Property Consultants.
The report, released at ACETCH 2018 in Bengaluru last Friday, confirms that Bengaluru saw a remarkable decline of 25% in the total unsold stock across the top cities.
City-wise Unsold Inventory (in Units)
The report studies Bengaluru’s residential real estate trends since 2013, factoring in the city’s evolution in terms of infrastructure development, transport and connectivity.
Given the ever-escalating challenges the city faces on these fronts, a marked preference for walk-to-work options by homebuyers has become evident. That said, Bengaluru’s overall market profile retains most of its sheen thanks to its highly favourable confluence of market drivers.
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Chennai Saw Highest Housing Sales Dip In 2017, Bengaluru Lowest – ANAROCK Report
Unsold inventory decreased by 10% from 8.04 lakh units in Q4 2016 to 7.27 lakh units by Q4 2017
Mumbai, 22 March 2018: Fewer launches, subdued sales and muted property prices defined 2017 for the Indian residential real estate sector, according to a detailed report by ANAROCK Property Consultants.
With an annual decline of almost 50% in new launches and 15% decline in sales across top 7 cities in India, the sector was effectively shattered in 2017.
“A spate of policy reforms and structural changes literally crippled the sector,” says Anuj Puri, Chairman – ANAROCK Property Consultants. “Simultaneously and consequentially, it transitioned rapidly into a transparent and buyer-friendly one. With only end-users left to drive the market and investors more or less evaporating completely, developers throttled back severely on new launches to allow the market more scope to absorb the already staggering unsold inventory.”
2017’s Depressed New Launch Readings
- The top 7 cities recorded new unit launches of around 26 lakh in 2017 as opposed to 2.50 lakh in 2016.
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Maximum City’s real estate triumphs, tribulations and opportunities on the road to future-readiness
Mumbai, 2 November 2017: ANAROCK Property Consultants today released its research report ‘Mumbai Redefined’ in association with ACETECH – the world’s 3rd largest exhibition and Asia’s leading trade fair for architecture, building materials, innovation and design, driven by Economic Times.
The report was unveiled by Maharashtra Chief Minister, Devendra Fadnavis, during the conference at Bombay Exhibition Centre in Goregaon, Mumbai.
Mumbai is in the midst of major ongoing infrastructure upgrades, aimed at making the country’s financial capital more livable and ‘workable’.
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