Covid-19, along with its unexpected boost to the Indian housing market, has come and gone – and yet, residential real estate continues to sell at a rapid clip, after many years that saw developers struggling with low demand and mounting inventory. How did this happen? Is this demand sustainable? Is it a bubble that will
Experts say that the central bank’s move to withdrawal ₹2000 notes from circulation will benefit banks by encouraging deposit growth and improving liquidity in the system. Earlier on Friday, the Reserve Bank of India announced it would withdrawal or remove ₹2000 bank notes from circulation and offered people four months to exchange or deposit them.
– NCR to lead the pack with approx. 1.70 lakh homes to be completed by 2023 – 97% increase over 2022. – Housing completions in Hyderabad, with a share of just 4% of overall stock to be delivered, set to increase by 104% over 2022 – Annual completions to rise 2.8X in 2023 Mumbai, 22
Pune has been witnessing increasing inward migration over the years, thanks largely to the good job prospects, the city’s many high-grade educational institutions, and overall better home livability than many other metros. Recent estimates peg Pune’s average annual population growth at 3% to 4%, and as of September 2021, the city’s population was about 3.13
Mumbai, 15 May 2023: All eyes are on India as it emerges as the world’s most populous country and the fastest-growing nation amidst a global economic slowdown. Even as India’s consumption-driven economy lures businesses of all stripes, the country’s housing market is now the primary growth driver for its real estate sector. “India’s residential real
Mumbai, 8 May 2023: Indian real estate developers’ post-Covid focus on land acquisition shows no signs of slowing down, with prime land parcels being targeted across India for various types of developments. ANAROCK data indicates that in fiscal year 2022-23, approx. 87 separate land deals were sealed cumulatively accounting for over 1,862 acres. In contrast, the previous FY-2021-22 saw
Pune is renowned for its rich history, culture, and tradition, and is often referred to as the cultural capital of Maharashtra because of the multitude of cultural activities and events taking place throughout the year. As every Puneri will vouchsafe, living here offers a unique cultural experience that is difficult to find in other parts
Mumbai, 2 May 2023: Demand for flexible office spaces has hit a new high after the pandemic, with major companies and businesses including start-ups now increasingly opting for coworking spaces. Latest ANAROCK data reveals that out of a net absorption of approx. 8.2 Mn sq. ft. across the top 7 cities in Q1 2023, coworking spaces
Due to higher rates and tighter financial conditions, two of the market’s largest players are experiencing pressures in the commercial real estate market. Since the demand for commercial real estate properties faltered over the past year, Blackstone’s distributable earnings have declined significantly. According to the asset manager’s latest financials, profits from the sale of assets
Mumbai, 20 April 2023: Residential rental demand has soared in most cities ever since offices and schools reopened after the 3rd Covid-19 wave in 2022, especially in the past one year and particularly in the country’s IT/ITeS capital Bengaluru – which has seen skyrocketing rental values. ANAROCK’s analysis of monthly housing rents across prominent areas of the
