Category: InfraEstate

  Q2 2024 saw approx. 1.20 lakh units sold in the top 7 cities, against the all-time best of 1.30 lakh units in Q1 2024 Among top 7 cities, only NCR saw a 6% quarterly rise in sales with approx. 16,550 units in Q2 2024 against 15,650 units in Q1 2024; on a yearly basis, NCR witnessed a 1% jump MMR & Pune account for 52% of total sales in the quarter, comprising sales of 41,540 units & 21,145 units respectively New launches retained momentum in Q2 2024 with a…

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  Anuj Kejriwal, CEO & Jt. MD – ANAROCK Retail   The COVID-19 pandemic transformed e-commerce into a primary shopping method for Indians. Initially driven by deep discounts, e-commerce's appeal has endured even as these offers faded. By 2023, e-commerce comprised 7.1% of India's total retail market, up from 4.7% in 2019, and is expected to reach nearly 10% by mid-2024.   Omni-Channel Retailing: A Game-Changer   Previously an optional strategy, omni-channel retailing has become essential. It aims to provide a seamless shopping experience across all channels, including physical stores,…

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    Anuj Puri, Chairman – ANAROCK Group   With Union Budget 2024-25 set to be tabled in July, the real estate sector pins renewed hope on the Modi 3.0 regime. Expectations are high for tax reliefs and other sentiment boosters. The future of the overall industry also depends on unfettered infrastructure deployment to support and improve urban living standards as well as to develop and promote newer areas.    Will the government finally decide to give in to the long-standing demand for industry status for the entire housing sector? Will…

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  Residential rentals in key micro markets across top cities see anywhere between 2-4% quarterly growth in Q2 2024 (till date); In Q1 2024, quarterly rental growth was almost double b/w 4-9% across markets With more new supply entering the markets, highly speculative residential rental spike is coming to a halt Bengaluru’s Whitefield & Noida’s Sector 150 witnessed highest 4% quarterly growth each in Q2 2024 against preceding quarter Meanwhile, top 7 cities expected to see completion of over 5.31 lakh units in entire 2024 MMR expected to see approx.…

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  Avg. property values in the top -7 cities have appreciated at a CAGR of 13% in the last 2 financial years. CPI inflation moderated by 1.3% on an annual average basis to 5.4% at the end of FY24. 8.25 lakh new homes launched & 8.72 lakh units sold during last 2 financial years   Inflation, the gradual increase in the general prices of goods and services, erodes the purchasing power of money over time. For investors seeking to preserve and grow their wealth amidst inflationary pressures, real estate has…

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  Avg. property values in Hyderabad rose 45% between 2021 and Q1 2024 West Hyderabad, with highest concentration of office spaces, saw property values increase by 52% in this period 2,18,800 new homes launched and 154,300 sold between 2021 and Q1 2024 Out-migration of businesses or residents to AP would draw investments away from Hyderabad, causing normalization in the real estate prices   The Hyderabad real estate market will be significantly affected by the outcomes of the recent general election. On the back of a strong political comeback, there is…

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Anuj Puri, Chairman – ANAROCK Group The Reserve Bank of India's decision to keep the repo rate unchanged is a boon for the Indian real estate sector. This stability ensures that home loan interest rates remain low, making housing more affordable for potential buyers. With unchanged borrowing costs, both developers and homebuyers benefit from increased market confidence and predictability.   The mid-range and premium property segments together account for more than 55% of the current supply. Together, they recorded approx. 76,555 units sold in Q1 2024 – nearly 60% of…

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Anuj Puri, Chairman – ANAROCK Group The early trends and the exit polls for the recently concluded elections for the 18th Lok Sabha elections anticipated continuity of ongoing policies by the incumbent government. The real estate sector also seeks an assurance of predictability for this reason.   The current government had, over the last two terms, made significant strides on the policy front, and in the development of the nation. The economy grew with major investments into developing the country. The real estate industry always looks towards a stable government…

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