Just when Pune’s housing market was recovering reasonably well with good demand and supply, the second Covid-19 wave disrupted its growth momentum. To make things worse, there has been a steep rise in the prices of construction materials like cement and steel, over and above increasing labour costs. There are more than 2.5 lakh homes […]
Of ~1.49 lakh units launched in top 7 cities in FY21, 58% were in the city peripheries; in pre-COVID-19 FY19, their share was 51% In Pune, 76% of all new launches in FY21 were in peripheral areas of Mulshi, Pirangut, Ravet, Chakan, Chikhali, Wadgaon Budruk, Talegaon Dabhade, & Undri among others; 67% in FY19 MMR had 67% new supply of FY21 in peripheral areas […]
ANAROCK, India’s leading independent real estate services firm, has announced that it will make Upflex, a hybrid booking platform with the largest global network of flexible workspace, available to companies in India. ANAROCK has signed a formal agreement with U.S.-based Upflex Inc. to deploy Upflex’s services across tier 1, 2 and 3 cities in India. […]
The Union Cabinet’s approval for the Model Tenancy Act is being hailed as a landmark moment in Indian real estate. In one of the most significant developments for residential real estate investors, no one will henceforth be allowed to enter into a rental situation without a written agreement – and that’s not all. Aimed at […]
Leading retail brands have closed at least 120+ lease deals at prominent high street markets across the country b/w April 2020 and May 2021 Within F&B, quick-service restaurants like Starbucks, Pizza Hut & KFC, apparel and lifestyle brands like Biba, Reliance Trends, Pantaloon,Lenskart, Westside, Zudio and Max, and specialist retailers like Croma and Reliance Digital […]
The much-needed Model Tenancy Act has finally got the Cabinet’s nod and thereby brings on a new era of regulation for rental housing. Until now, India’s housing policies have mostly been about home ownership and little attention was given to helping rental housing. But with India’s acute housing shortage, we need a sound rental policy […]
Had it not been for the pandemic the RBI would have definitely taken a different stance for the benchmark rates today. Considering the rate at which inflation is rising presently in the country, the RBI would have sought to increase the key rates. However, since the economy is still under pressure due to the pandemic […]
Despite the Covid-19 pandemic’s onslaught for more than a year now, the Pune housing market has remained resilient. Notably, Pune was among the worst-affected cities in not just Maharashtra but the entire country during both waves. Naturally, this has impacted the city’s economy in almost all sectors. However, Pune housing market did fairly well even […]
Of total housing sales in NCR & MMR (~21,750 units & ~47,140 units respectively) post-COVID-19 (July 2020 – March 2021) period saw 90% sales to end-users in both cities, only 10% of investors Amid pandemic ‘new normal’ (WFH, e-schooling) only 15% of end-users in NCR upgraded to bigger property vs 65% in MMR (MMR avg. […]
Despite the pandemic, the city saw property prices rise by 2% – from INR 4,975 per sq. ft. in Q1 2020 to INR 5,060 per sq. ft. in Q1 2021 Bengaluru saw total sales of approx. 8,670 units in the first quarter of 2021, while its unsold inventory declined by 7% in a year Stamp […]
