India’s Republic Day commemorates the enactment of the country’s Constitution on January 26, 1950. While the Indian Constitution is fundamentally important at all levels of Indians’ lives today, we should also remember that it has played a significant role in shaping the country’s housing market. After all, it provides the framework for citizens and government’s […]
Total Homes Completed in 2022 Mumbai, 16 January 2023: Year 2022 saw record-high housing sales and new launches across the top 7 cities. The latest ANAROCK data reveals that unit completions have also remained on top between 2017 till 2022. Approx. 4.02 lakh homes were completed in 2022 in these cities – 44% higher than in […]
Mumbai, 10 January 2023: The Covid-19 pandemic was no deterrent for the NCR real estate market, which remained vibrant and performed remarkably well in 2022. The region witnessed more interest from private equity players than its counterpart realty hotspot MMR. ANAROCK Capital’s Flux – 9M FY23 report reveals that PE players invested USD 1,215 Mn into NCR the […]
Mumbai, 5 January 2022 – Mirae Asset Credit Opportunities Fund has announced its outright acquisition of a pre-leased Grade A industrial asset at Bhiwandi, MMR for INR 130 Crs. The industrial property, housed in the 160-acre K-Square Integrated Industrial Park and spreads over 9 acres, has been acquired from Prakhhyat Group. As Mirae Asset Investment Group’s […]
The Indian housing sector did very well in 2022. Recent reports by real estate consultants like Anarock confirm that residential property sales during the year not only increased by over 50% over 2021 but also reached a new all-time peak. But this does not mean that everything is smooth sailing for the Indian housing industry as […]
After a prolonged feeling of restored safety and even complacency, we are now looking at the possibility of another wave of the Covid-19 virus. While this new variant is said to be less damaging overall, the medical world warns that it is far more transmissible than the previous strains. What does this mean for the […]
Mumbai, 27 December 2022: Despite the gradual hike in property prices and home loan interest rates in 2022, it has been a fantastic year for residential real estate. Latest ANAROCK Research indicates that housing sales in the top 7 cities have created a new peak in 2022, breaching the previous high of 2014. Approx. 3,64,900 units […]
Indian residential real estate sales remained upbeat throughout 2022, and the current sales momentum will sustain at least into the first quarter of 2023. Thereafter, much will depend on forces other than the desire for homeownership, such as additional repo rate hikes and property price increases. 2022 saw the repo rate go up by almost […]
NRIs are rightly seen as one of the most important buyers and investor segments in Indian residential real estate. They have always wielded considerable clout in the Indian housing market, but never more so than in the last three years. Many Indian are now returning home from their postings abroad, and NRI investors with no […]
A New Home or a Resale in 2023? Pros and Cons
It’s 2023 – a new year, with new opportunities, hopes, and aspirations. If you’re on the market for a home this year, you will doubtlessly have wondered whether a resale flat will fulfill your needs just as well as a new one. It’s a natural conundrum – resale homes are generally (though not always) cheaper […]