The Indian festive season is a time of a lot of investment activity, and Ganesh Chaturthi is one of the ‘prime times’ on the Indian calendar to buying a home. Is it driven purely by religious sentiment? To a large extent, the answer is in the affirmative. But non-Indians often wonder – what guides this
In Finance Minister Nirmala Seetharaman’s words, India stands on the threshold of Amrit Kaal, or the ‘Era of Elixir’. Regarding the country’s real estate sector, we can be a little more restrained with such definitions. Still, there is little doubt that the industry has made remarkable progress since it attained independence 75 years ago. Real
As India prepares to celebrate its 75th Independence Day, it makes sense to check how independent Indian homebuyers really are today. After all, independence is more than just freedom from foreign oppression – this becomes clear if we look at some of the ‘advanced’ Western countries, where people are independent of foreign rule but still
Mumbai, 1 August 2022: Retail real estate is staging a strong comeback, with nearly 10.15 Mn sq. ft. of new mall supply set to hit Tier 1, 2 and 3 cities in 2022, and another 7.25 Mn sq. ft. in 2023. In 2022, new mall supply will be almost twice that of 2021, when approx. 5.76
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
Gurgaon, 21 July ’22: Plotted developments have gained significant traction as an investment asset class in the post-pandemic world. Since 2020, several large and listed developers have been offering plots, leading to growth in demand and prices across major micro markets in the top cities. ANAROCK data shows that the top 7 cities (Bengaluru, Chennai,
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
Mumbai, 13 July 2022: The overall supply share of studio apartments, among the hottest-selling configurations before the Covid-19 pandemic, has been dipping across the top 7 cities since 2020. Latest ANAROCK research shows that out of 1,063 projects launched in H1 2022 across these cities, only 91 projects offered studio apartments – a 9% share. In
In Q2 2022, NCR now has the lowest housing inventory overhang since Q1 2015, aided by robust sales & restricted new supply Unsold stock sees a whopping 16% yearly decline – from approx. 1,68,710 units in Q2 2021-end to approx. 1,41,240 units as of Q2 2022-end Delhi-NCR developers remained cautious & restricted new supply despite
Mumbai, 30 June 20222: In a major fallout of increased property prices and lending rate hikes, the top 7 cities saw housing sales moderate by 15% – from approx. 99,550 units in Q1 2022 to approx. 84,930 units in Q2 2022, finds the latest ANAROCK Research data. MMR recorded the highest sales of approx. 25,785 units in
