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Listed Realty Players’ Sales Share Increased to 22% in 1st 9 Months of FY21, from 6% in FY17

Mumbai, 24 May 2021: The overall housing sales share of the top 8 listed realty players is increasing inexorably y-o-y. As per latest ANAROCK data, of the total sales made in the first nine months of FY2021 (approx. 93,140 units) across the top 7 cities, the top 8 listed players’ share stood at 22% while

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Real Estate

Housing Market Recovery – Where, When and How?

The second COVID-19 wave has taken India by storm, over-stretching the healthcare infrastructure far beyond its capacity not just in top urban centres but penetrating deeper into rural areas. Even the most developed nations including the US would have failed to stay strong in the face of such ferocity. However, despite the ongoing restrictions, most

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Real Estate

Over 4.22 lakh homes in top 7 cities to be completed in 2021 may face delay

Latest ANAROCK data reveals that over 4.22 lakh homes are scheduled to be completed by 2021-end across the top 7 cities. Of this, NCR would see the maximum completions with a nearly 28% share, followed by MMR with 26% and Pune with approx. 18%. There could be some delay due to restrictions and disruptions in

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Real Estate

~7,400 Office Leases of 90 Mn Sq. ft. Up for Renewal in Top 6 Cities in 2021

Industry data and ANAROCK Research reveals that over 7,400 leases spanning approx. 90 Mn sq. ft. area will come up for renewal in 2021 across the top 6 commercial real estate hubs – Bengaluru, Mumbai, Pune, Chennai, Gurugram and Noida. Data further reveals that 2021 has the highest lease expiry pipeline when compared to the

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Real Estate

2nd Covid Wave’s Impact on Housing Demand and Prices

India is in the midst of a second Covid wave which is by far more devastating than the first. It is causing all-around chaos and economic activity in many states including Maharashtra has been hit hard. The rapid rise in cases and the localized lockdowns and restrictions have severely impacted many sectors – including residential

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Real Estate

4 Years on, RERA Registers 63,583 Projects, Disposes of 65,539 Complaints

Mumbai, 5 May 2021: Four years after its implementation, RERA is coming closer to being the force it was envisioned to be – especially in disposing of consumer complaints across different states and UTs. As many as 65,539 cases have been disposed of by the respective state authorities as of 24 April 2021, according to

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Real Estate

Khan Market Retail Rentals Correct 8-17%, Kala Ghoda, Bandra Linking Road Rentals by 5-10% in a Year

Mumbai,  May 3, 2021 – With COVID-19 wreaking havoc in the country, average monthly rentals across the key high street markets in top cities witnessed some corrections. As per recent data by ANAROCK Research, the iconic retail hub in Delhi – Khan Market – saw average monthly rentals reduce by as much as 8% to 17%

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Real Estate

Construction Workers – Reverse Migration 2021 Vs 2020

The second wave of COVID-19 is devastating – but this time, it has not caught the real estate sector completely unprepared. Developers learned many lessons from Lockdown 1.0. No doubt, in the highly affected states in Maharashtra, the second lockdown has again caused an outward migration of construction labourers. The worst COVID-19-hit cities are Mumbai

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Real Estate

80,718 Properties Registered in Mumbai During Stamp Duty Cut Period, Up 114% Y-o-Y

The second COVID-19 wave coupled with the expiry of the stamp duty cut period will impact the monthly growth momentum of Mumbai’s housing sector. During the period of stamp duty cuts, there was consistent m-o-m growth in sales. As per data by Inspector General of Registration (IGR), Maharashtra, the stamp duty cut period between September

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Real Estate

Price Difference of Ready and Under-construction Homes Lowest Ever at 3-5% in Q1 2021

In 2017, avg. price difference between ready-to-move & under-construction homes was between 9-12% across the top 7 cities: y-o-y reduction seen across cities NCR & MMR have the lowest RTM/UC price disparity at 3%; Pune, Hyderabad & Chennai highest at 5% Avg. price of under-construction homes in NCR in Q1 2021 is at INR 4,500

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