Approx. 4,59,650 units worth about INR 5.68 lakh Cr were sold in 2024 in the top 7 cities, against 4,76,530 units worth about INR 4.88 lakh Cr in 2023 MMR records highest sales of approx. 1,55,335 units in 2024, followed by Pune with approx. 81,090 units; MMR (1%) & Bengaluru (2%) only cities to see yearly rise in 2024 Approx. 4,12,520 new units launched in 2024 against 4,45,770 units in 2023 – 7% y-o-y decline MMR & Bengaluru saw maximum new launches, together accounting for approx. 50% of total…
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The Rise of Indian HNIs and UHNIs in 2024
Dr. Prashant Thakur, Regional Director & Head – Research, ANAROCK Group India is witnessing a transformative era of wealth creation. From bustling metros to emerging Tier-II cities, the nation’s affluent population is expanding at a pace that is capturing global attention. A dynamic mix of young entrepreneurs, tech pioneers, and seasoned industrialists drives this change. The rise of high-net-worth individuals (HNIs, or people with investable assets of at least $1 million) and ultra-high-net-worth individuals (UHNIs, or those with assets worth above $30 million) in 2024 paints a fascinating…
Read More“Delhi Farmers to Stage Peaceful Protest at Jantar Mantar on 22nd December, Demanding Implementation of Land Pooling and Green Development Policies
Delhi Dehat Vikas Munch (DDVM) announces that thousands of farmers will gather for a peaceful protest at Jantar Mantar on Sunday, 22nd December 2024. This protest is an extension of the ongoing demonstrations at Kanjhawala and Daulatpur under the DDVM banner. The protesters are demanding the swift implementation of the long-pending Land Pooling Policy (LPP) and Green Development Area (GDA) Policy, which have been stalled since their inception in 2007. Additionally, they seek amendments to the Delhi Development Authority (DDA) Act, 1957, to address broader issues related to urban development,…
Read More253.16 Mn Sqft of branded supply in pipeline, inventory overhang at 14 months
At FY 2025 start, the top 11 listed developers announced 253.16 Mn sq. ft. of new housing supply over the next few years Of this, just 57.15 Mn sq. ft. (23%) were launched in H1 FY 2025 (Apr.-Sept. 2024) – strong launch pipeline over the next few quarters (2025) Among listed players, Bengaluru-based Prestige Group has maximum (75 Mn sq. ft.) new supply planned; just 10.05 Mn sq. ft. launched in H1 FY2025 Listed players raised INR 12,801 Cr via QIPs in 9M 2024 – RE was 2nd highest among all…
Read MoreThe number of US expats has soared to its highest level since pandemic
New analysis by Astons, the international experts on real estate, residency and citizenship through investment, reveals that there has been a huge surge in the number of US citizens choosing to expatriate, with the first three quarters of 2024 seeing a significantly higher number of US leavers than were seen during the entirety of 2023. Astons has analysed data from the US Federal Register* showing the number of US citizens who have chosen to expatriate and gain residency or citizenship to a foreign country on a quarterly basis between…
Read MoreHousing Price Tags in Key Peripheries Zoom Past Prime Areas in Last 6 Years, Bengaluru’s Gunjur Tops with 69%
Some city prime areas see lower price growth than peripheries b/w 2019 & Q3 2024 NCR’s peripheral Noida Expressway saw 66% price growth; prime area Raj Nagar Ext. saw 55% rise MMR’s peripheral Panvel saw 58% price appreciation, prime Worli saw 37% growth; Lower Parel grew 49% but periphery Virar saw 58% Pune’s prime area Wakad recorded 27% price growth while periphery Wagholi grew 37% In Hyderabad, prime areas Gachibowli & Kondapur outshine peripheries like Kompalli, LB Nagar & Tellapur In an interesting shift, some outlying areas have seen higher price growth over the past six…
Read MoreSignature Global eyes taking over Noida’s stalled projects to expand business
Realty firm Signature Global is looking for land in Noida and Greater Noida to expand the business and will explore taking over stalled housing projects as well provided there are no legacy litigations.Signature Global, which got listed in 2023, has a significant presence in the Gurugram market of Delhi-NCR. Signature Global founder and Chairman Pradeep Aggarwal said“We plan to expand our operations in the Delhi-NCR region beyond Gurugram. We are actively exploring land parcels in Noida, Greater Noida, and the Yamuna Expressway. Additionally, the company intends to participate in land…
Read MoreMall Vacancy Levels Down to 8.3% in H1 2024 amid Robust Leasing, Limited Supply – ANAROCK Report
Vacancy levels in last 6 yrs stood maximum at 15.5% in 2021; contrastingly, superior malls at almost full capacity now Demand higher than supply for the 3rd consecutive year; over 3.1 Mn Sft Retail Space Leased in H1 2024 Watches & jewellery category accounts for 6% of overall leases spaces Retailers and brands continue to prefer smaller spaces as nearly 70% of the leases were for spaces admeasuring up to 2,500 Sq ft. Highest share of upcoming new supply over next 4-5 years planned In NCR, MMR & Hyderabad, accounting for over 85% of total supply…
Read MoreRBI Monetary Policy – Repo Rate at Status Quo
Anuj Puri, Chairman – ANAROCK Group: Considering the recent slowdown in economic growth momentum and inflation going up, RBI decided to keep the repo rates unchanged at 6.5% for the eleventh consecutive time. To address the liquidity woes, it decided to slash the cash reserve ratio (CRR) to 4%. This cut in CRR is positive for the Indian real estate sector, as banks will have higher lending capacity. This directly supports developers to borrow more for development. A repo cut in repo rate would have helped boost…
Read MoreReal Estate Dominates AIF Investments With INR 75,468 Cr till H1 FY25
A total of INR 4,49,384 crore AIF (Alternate Investment Funds) investments were made till H1 FY2025 across various sectors; real estate comprised the highest share of 17% B/w FY2013 to FY2024, the AIF sector maintained a CAGR of 83.4% AIFs’ overall commitment across Indian sectors rose from INR 2,82,148 Cr in FY 2019 to INR 12,43,083 Cr in H1 FY2025 Surge in AIF activity largely driven by Category II AIFs with a mix of Real Estate Funds, Private Equity, Debt Funds, & Fund of Funds (FoF) In last five…
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