Mumbai, 28 September 2023: The Indian residential property segment remained unstoppable in Q3 2023, despite the usually slow monsoon quarter. Latest ANAROCK Research data shows that Q3 2023 saw housing sales across the top 7 cities create another new peak with approx. 1,20,280 units sold, against approx. 88,230 units in Q3 2022. This denotes a staggering 36%
A new housing project at Noida by Godrej Properties Ltd. sold about 670 flats worth more than Rs 2000 crore on Monday. In November last year, the Noida Authority conducted an e-auction to sell the land to Godrej Properties. According to Godrej Properties’ regulatory filing, it has sold 670 homes worth over Rs 2,000 crore
Many COVID-related restrictions were lifted by Q3 2021, except for some limitations on international travel, which were eliminated by early 2022. Soon thereafter, the Indian residential real estate market began witnessing the return of a very important customer segment – non-resident Indians, or NRIs. NRIs currently account for 10-15% of housing sales in major Indian
Mumbai, 11 September 2023: Despite rising property prices and interest rates hikes in the last one year and more, demand for mid-range and premium homes remains high. The ANAROCK Consumer Sentiment Survey (H1 2023) indicates that at least 59% of the 5218 survey participants* will buy mid-range and premium homes (priced from INR 45 lakh too INR 1.5 Cr). This
Mumbai, 6th September 2023: One of the primary aims of the Real Estate Regulatory Act (RERA) was, and continues to be, safeguarding homebuyers from the harrowing issue of delayed and stalled housing projects. To a large extent, this objective is being achieved. Latest ANAROCK Research data finds that at least 86% of residential projects launched in
In contrast, the Jan-Aug. period of 2022 saw closure of 50 land deals over 1,438+ acres across cities in India Mumbai 21 August 2023: Buoyed by growing demand in the post-Covid world across various sectors of Indian real estate, developers and some business entities are coming forward to purchase land across cities. “Latest ANAROCK Research indicates
Buying a home is the smartest decision to make if one can afford it, and we all know the reason. Home ownership builds equity and net worth over time as the property value appreciates, unlike paying rent which builds no assets. Home loan interest rates are currently still lower than they were before the Covid-19
As widely anticipated, the RBI has decided to keep the repo rate unchanged at 6.5%. India continues to outperform other countries in terms of consumption and with the festive season coming up, the RBI will not risk denting it. This is nothing but good news for aspiring homebuyers on the market for a purchase in
Mumbai, 8th August 2023: The pandemic has been an indubitable boon for the previously lacklustre luxury homes segment, with sales and new supply increasing manifold since then. Prices were bound to catch up with the demand. On analysing the average price trends in the top 7 cities across different budget segments, ANAROCK Research data reveals that
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
