As we await the RBI’s monetary policy decision on the repo rate, let us examine the factors involved, and their implications on the Indian housing market across different home buyers segments. There can be various reasons for a hike in the repo rate, including inflationary pressure, rising food and fuel prices, excessive growth in the
Mumbai, 2 August 2023: In the Indian residential real estate market, affordable housing suffered the greatest impact of the Covid-19 pandemic – and unlike the other segments, has not recovered in the last two years. With buyers of this segment increasingly desisting from purchase decisions, affordable housing sales are languishing, and developers have accordingly curtailed its
Mumbai, 31 July 2023: July 2023 saw property registrations in Mumbai, India’s most prominent property market, recording a marginal decline with 9,923 units being registered. The revenue collected by the Government in July 2023 amounted to INR 808 Crore, reflecting a 6% decrease from June 2023 and a 3% decline from July 2022. Anuj Puri, Chairman
Mumbai, 23 July 2023: While the Indian luxury homes segment is firing on all cylinders, affordable housing continues to languish due to pandemic-induced demand changes and various other factors. Both supply and demand for affordable housing is shrinking, finds latest ANAROCK Research data. Anuj Puri, Chairman – ANAROCK Group, says, “The total sales share of this
Plotted developments have been in the news fairly regularly since the Covid-19 pandemic. It appears that many Indians are now considering this option versus investing in built-up homes. Such preferences are dictated by many factors, including availability, infrastructure development, cultural preferences for low-rise homes, investment preferences, and knowledge – and, of course, the cost factor.
Mumbai, 17 July 2023: The unfettered demand for housing across the country has enabled the country’s leading large and listed developers to reduce their debt, reveals an analysis of the financials declared by the top 8 developers [1] engaged in the development of residential real estate. As per ANAROCK Research, the net cost of debt of
India has been witnessing a consistent rise in urbanization over the years. A survey by the United Nations projects that by 2030, over 40.76% of India’s population will live in urban regions. World Bank statistics from 2017 add weight to this estimate – in that year, about 34% of the country’s population already lived in
Mumbai 10 July 2023 – Q1FY24 saw a mild softening in reported PE deal activity when as compared to Q1FY23 on a headline basis, according to ANAROCK Capital’s report FLUX for Q1 FY24. The reported numbers were propped up by a single large deal which accounted for about 3/4th of the overall deal activity. Shobhit Agarwal, MD &
New Delhi, 5 July 2023: Residential property sales in Delhi-NCR skyrocketed since the pandemic and there are no indications of this momentum slackening in the second quarter of 2023. Unsold housing inventory in the region declined by over 21% annually – the steepest drop of available stock among all the top 7 cities, finds ANAROCK Research data. Delhi-NCR’s unsold housing
Branded vs Unbranded – 8 Reasons Why Developers Reputation Matter
The Indian housing sector has seen the stronger emergence of branded developers over the last two decades. But after Covid-19, we are seeing a majority of homebuyers preferring properties by branded developers. Most industry estimates concur that around 70% of the projects by value in top Indian cities are by branded developers. If you’re on