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50% NRI Respondents Prefer Luxury Homes Priced Above INR 1.5 CR

Mumbai, 16 September 2021: In a significant trend reversal post-COVID-19, a much higher percentage of NRI respondents in the latest CII-ANAROCK Consumer Sentiment survey are scouting for properties for self-use. At least 53% of NRI respondents who will buy properties in India in the coming months buy for end-use, 47% for investment. The pre-COVID-19 survey

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Real Estate

Why Many Projects Lost Their MahaRERA Registrations in Maharashtra

Since its inception, MahaRERA has diligently worked to create a better housing market for buyers and developers. To protect buyers, it took several measures over the last few years. It recently released a list of 3,371 housing projects in the state whose MahaRERA registrations have lapsed between 2017 and 2021. The developers of these projects

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Real Estate

South Cities Dominate Office Rentals, 66% Share in FY21 vs 47% in FY18

Robust growth of IT/ITeS sector, affordable office rentals & start-up boom have worked in favour of Southern office markets Mumbai, 13 September 2021: The main Southern office market have overtaken other regions in terms of new supply, net absorption, and even rental growth. Among the top 7 cities, Bengaluru, Hyderabad and Chennai saw their share

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Real Estate

Pune Housing Trends for Festive Season 2021

Ganesh Chaturthi generally marks the onset of the festive season, particularly for Maharashtra and some parts of South India, where people celebrate the festival enthusiastically. Traditionally, the festive season is that part of the year that people consider auspicious for buying property. Housing sales from September onwards (except in the ‘shraadh’ period) up to December

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Real Estate

34% Home Seekers Now Looking to Buy Properties b/w INR 90 lakh–2.5 Cr – Survey

Mumbai, 3 September 2021: The latest CII-ANAROCK Consumer Sentiment Survey underscores how radically COVID-19 has altered homebuyers preferences, with the second wave being a significant change catalyst. For the first time, affordable housing is the lowest priority, with more than 34% respondent home seekers focused on properties priced between INR 90 lakh to INR 2.5

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Real Estate

Redevelopment in Mumbai – Reinventing Maximum City

Towards the beginning of the pandemic, redevelopment in Mumbai had switched to the slow lane. Lack of capital and construction manpower and a seriously compromised construction materials pipeline were only one side of the problem. Another dampener was the fact that government offices were functioning erratically at best – and redevelopment in city like Mumbai

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Real Estate

Housing Market in Top 7 Cities May Scale New Peak in 2023

2019 attained a new peak since 2017 with more than 2.6 lakh units sold in the top 7 cities & 2.37 lakh new units launched; new peak likely by 2023 as housing sales could cross 3.17 lakh units mark 2021 may fare better than 2020, but unlikely to reach the latest peak levels of 2019

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Real Estate

BFSI Spills Beyond MMR into IT/ITeS Hubs, Professional Services Surge in Pune

To say the least, COVID-19 seriously disrupted the Indian office sector in 2020. The total sector-specific office leasing activity in the three dominant IT hubs Bengaluru, Hyderabad and Pune declined by approx. 55% against the preceding year – from 62.35 mn sq. ft. in 2019 to 27.80 mn sq. ft. in 2020. However, these three

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Real Estate

NCR Real Estate Market – An Overview 2015-2021

New Delhi, 10 August 2021: Paradoxically, it was the NCR real estate market’s erstwhile reputation as a hotbed for untoward market practices that laid the foundation for structural reforms like RERA. Contrary to all previous perceptions of this region’s real estate market, NCR is now the new frontier of change. From the glory days of

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Real Estate

Delayed Environmental Clearances Contribute to Delayed Projects

A well-known real estate consultancy recently published a report on heavily delayed and fully stalled residential projects. It paints the kind of gloomy picture which most people tend to associate with Indian real estate these days. Since negativity sells, this report did not mention how many projects by leading developers are actually getting completed on

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