A rate hike was expected, but the expectation was for a maximum of 35 bps. The hike by 50 bps is definitely on the higher side, and home loan lending rates will now edge further into the red zone. This is the third consecutive rate hike in the last two months and finally marks the
Total number of 15 new malls to enter the market this year spread across 12 cities in the country; Chennai to see highest supply of 4 new malls this year spread over 2.55 mn sq. ft. Tier 1 cities with new mall supply include Ahmedabad, Chennai, Bangalore, Hyderabad, Mumbai, Pune & Ghaziabad in NCR spanning 7.65 mn sq. ft.
The forthcoming monetary policy announcement will be a decisive event for the Indian housing sector. If another repo rate hike takes place, home loan interest rates will enter the red zone, and we can expect at least short-term repercussions on overall housing demand. Inflation is now one of the significant risks in real estate, and
Real estate PE investments registered an increase of 28% in Q1 FY23 as compared to Q1 FY22, states ANAROCK Capital’s latest FLUX report. Improved market sentiments, widespread vaccine coverage, and lifting of lockdown restrictions helped this revival. Shobhit Agarwal, MD & CEO – ANAROCK Capital, says, “The revival primarily rode on the top 5 private
A New York-based investment firm ‘Susquehanna International Group’ has agreed to invest $10 million in Kucoin, a cryptocurrency trading platform. Kucoin received an investment from Susquehanna at the same $10 billion valuation they reported in the May round. The investment marks an extension of their previous fundraising effort and is especially notable as other crypto
Avg. prices of plots on Yamuna Expressway were INR 1,600/sft in 2019 – now up to INR 2,200/sft; plot prices also rose in Greater Noida West (36%) & Neharpar in Faridabad (29%) Among the major 7 cities, NCR’s top 3 localities saw maximum rise in average plot prices COVID-19 strengthened demand for land for long-term
Global sovereign 10Y yields have shown moderation across the board as recession fears outweighed inflationary concerns. However, central banks kept in mind price stability and went on with aggressive rate hikes. India’s 10Y sovereign yields have only fallen a tad in the current fortnight. Average borrowing cost for central government securities, SDLs and TBills have
For real estate developers and their marketing teams today, things have changed a lot from 30 years ago. In India, first-time homebuyers are no longer people in their late 40s or early 50s who have saved up to fulfill their dream of buying a home. Today’s first-time homebuyers are essentially millennial. In a relatively young
Pune 18 June 2022: ANAROCK Retail, the retail services wing of property consultancy ANAROCK Group, expects to complete leasing out Pune Airport’s standalone mixed-use centre encompassing shopping, office & coworking, a food court and multi-level car park (MLCP) by the end of Q3 2022. As sole advisors for this massive development, called AeroMall and developed by Pebbles Infra-Tech Pvt. Ltd.,
Of 1,063 projects launched in H1 2022 across the top 7 cities, merely 91 offered studio apartments MMR & Pune are the biggest markets for studio apartments, with 78% and 20% share in H1 2022 Of 1,921 projects launched in pre-pandemic 2019, 368 offered studio apartments – the highest share since 2013 Y-o-Y demand decline
