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
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
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
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
Mumbai 19 December 2022: Despite the back-to-back repo rate hikes in 2022, the average cost of debt for the top eight listed realty developers is at its lowest since the pandemic. Analysing the financial data of the top listed players reveals that with the rise in sales revenue, their average cost of debt has reduced from
India Inc. has already started pinning hopes on various economic reforms in the upcoming Union Budget 2023-24. Unavoidably, there is quite a bit of overlap with previous years in the form of recurring demands which have, so far, not been or insufficiently met. For instance, a price band of INR 45 lakh or below is
