- Infrastructure & real estate together contribute 29.5% to India’s GDP – higher than US (22.6%) and China (17.6%)
- Budget allocations in infra see massive jump – from USD 791 bn in 2014-15 to USD 2,042 bn in 2019-20
- Sector attracted massive FDI worth INR 207 bn in last 5 years backed by growing economy & strong fundamentals
New Delhi, 01 March 2019: In line with its aim to enter the USD 5 trillion club economy by 2025 – which is highly dependent on real estate and infrastructure – the Government has taken a multi-modal approach towards infrastructure development in the country over the last five years.
Besides boosting the overall economy, this ‘infrastructure first’ approach is also steering real estate growth across India, finds the report ‘Infrastructure and Real Estate – A Fulcrum for Change and Economic Growth‘ by ANAROCK Property Consultants and Association of Infrastructure Industry (India).
The report was released at the Infrastructure Summit 2019, organized by the Association of Infrastructure Industry (India) in Delhi today.
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
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.
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.
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 –