Covid-19, along with its unexpected boost to the Indian housing market, has come and gone – and yet, residential real estate continues to sell at a rapid clip, after many years that saw developers struggling with low demand and mounting inventory. How did this happen? Is this demand sustainable? Is it a bubble that will
– NCR to lead the pack with approx. 1.70 lakh homes to be completed by 2023 – 97% increase over 2022. – Housing completions in Hyderabad, with a share of just 4% of overall stock to be delivered, set to increase by 104% over 2022 – Annual completions to rise 2.8X in 2023 Mumbai, 22
Pune has been witnessing increasing inward migration over the years, thanks largely to the good job prospects, the city’s many high-grade educational institutions, and overall better home livability than many other metros. Recent estimates peg Pune’s average annual population growth at 3% to 4%, and as of September 2021, the city’s population was about 3.13
Mumbai, 15 May 2023: All eyes are on India as it emerges as the world’s most populous country and the fastest-growing nation amidst a global economic slowdown. Even as India’s consumption-driven economy lures businesses of all stripes, the country’s housing market is now the primary growth driver for its real estate sector. “India’s residential real
Mumbai, 8 May 2023: Indian real estate developers’ post-Covid focus on land acquisition shows no signs of slowing down, with prime land parcels being targeted across India for various types of developments. ANAROCK data indicates that in fiscal year 2022-23, approx. 87 separate land deals were sealed cumulatively accounting for over 1,862 acres. In contrast, the previous FY-2021-22 saw
Pune is renowned for its rich history, culture, and tradition, and is often referred to as the cultural capital of Maharashtra because of the multitude of cultural activities and events taking place throughout the year. As every Puneri will vouchsafe, living here offers a unique cultural experience that is difficult to find in other parts
Mumbai, 20 April 2023: Residential rental demand has soared in most cities ever since offices and schools reopened after the 3rd Covid-19 wave in 2022, especially in the past one year and particularly in the country’s IT/ITeS capital Bengaluru – which has seen skyrocketing rental values. ANAROCK’s analysis of monthly housing rents across prominent areas of the
Mumbai, 18 April 2023: The consumer sentiment for bigger homes continues unabated. Out of a total of 4,662 survey participants, 42% currently prefer 3BHKs, finds the CII-ANAROCK report ‘The Housing Market Boom’ released at the 5th Edition of the CII Real Estate Confluence 2023 in Mumbai, where ANAROCK was Knowledge Partner, today. 40% of the surveyed participants prefer
Mumbai, 10 April 2023: On the back of significant momentum in the residential property market, housing inventory overhang across the top 7 cities plunged to just 20 months by Q1 203-end, from 42 months by Q1 2018-end – reaching the lowest in the last five years. ANAROCK data shows that the inventory overhang in the top
Much against general expectations, the RBI decided to keep the repo rates unchanged at 6.5% today. This is indeed good for the residential real estate market, which faces a tough road ahead amid massive layoffs by large corporates the world over. India is not decoupled from global economic dynamics and their invariable impact on the
