Category: InfraEstate

  MMR saw 154 high-rise towers (of >40 floors) completed in MMR till 2023; 207+ new towers to be completed b/w 2024-2030. South Central Mumbai has highest share – 103 towers or 29% of skyscrapers supply; 61 complete & 42 to be completed b/w 2024-2030+ Mumbai Central suburbs to get 87 high-rises of 40+ floors, 42 completed & 45 under construction. Mumbai Western suburbs will get 80 high-rises; 50 completed & 30 to be completed b/w 2024-2030. At least 61 high-rises in MMR have 60+ floors: South Central Mumbai bristles…

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  In the North, Delhi-NCR's unsold inventory declined from approx. 2 lakh units by Q1 2018-end to approx. 86,420 units by Q1 2024-end In the South, Bengaluru, Hyderabad & Chennai saw collective unsold stock decrease by 11% in this period; Bengaluru saw a 50% decline; in Hyderabad, inventory rose almost 4X amid increased new supply In the West, MMR & Pune saw collective inventory decline by 8%; in the East, Kolkata saw a 41% decline in unsold inventory   Going by a region's prevailing unsold housing inventory as an indicator of its…

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 by Akash Pharande, Managing Director – Pharande Spaces I travel a lot to understand how different countries address their urban sprawl because we use such insights to design integrated townships here in India. In fact, one result of these travels was our partnering with a globally acclaimed architect who helped us recreate a global residential experience in India. However, my main takeaway from this globetrotting has been far less positive – the alarming rate at which rampant urbanization is challenging even the most glamorous world cities. As cities' populations overflow,…

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  In FY2023, the firm’s total revenue was INR 416 Cr ANAROCK surpassed INR 550 Cr revenue for FY24 thanks to bullish housing market, tech innovations Of the total revenue, INR 324+ Cr generated by residential services (ANAROCK & Trespect) Basis current market & tech-driven sales acceleration, sets revenue target at INR 800 Cr for FY25 – or 41% growth Y-o-Y   India’s leading independent real estate consultancy ANAROCK Group has reported INR 556 crore revenue generated in FY2024, marking a 36% yearly jump over the previous fiscal. In FY2023, the company clocked…

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  Of 1.30 lakh homes sold in Q1 2024 across the top 7 cities, the share of luxury homes stood at 21% with approx. 27,070 units sold; 5 years ago, in Q1 2019, the share was just 7%, thus recording a 3X jump Approx. 26,545 units were sold in the affordable segment in Q1 2024 – a 20% overall sales share from 37% in Q1 2019 Of approx. 15,645 units sold in NCR in Q1 2024, the highest sales (approx. 6,060 units or 39%) was of luxury homes priced >INR…

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 by Akash Pharande, Managing Director – Pharande Spaces The political atmosphere in India has a big impact on the property market, just like it does in other countries – especially during general election seasons. Election cycles have had a discernible impact on the real estate market over the last twelve years. What should end users and investors expect after the forthcoming general elections? Let's examine the behavior of the Indian housing market before and after general elections. Trends Ahead of the Election In the past, we have seen that the…

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Delhi-NCR continues to be a hotspot for real estate transactions across various sectors and as in the previous financial year, land deals have been a significant part of real estate development. ANAROCK data finds that in contrast to the 23 land deals covering approximately 273.9 acres in FY-23, FY-24 witnessed 29 land deals for approx. 314 acres.   “About 26 separate land deals, totaling approx. 298 acres, were proposed for residential and township projects to meet the region’s growing demand for housing and urban development,” says Santhosh Kumar, Vice Chairman – ANAROCK…

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NGK INSULATORS, LTD. (hereinafter “NGK”) has received an order from BASF Stationary Energy Storage GmbH (hereinafter “BSES”), a subsidiary of German chemical manufacturer BASF SE,　for NAS Batteries for a large-scale green hydrogen production project, developed by HH2E, a German green hydrogen producer.   The NAS batteries that have been ordered have a maximum output of 18 megawatts and a capacity of 104.4megawatt-hours (72 container-type NAS batteries). They are part of the large-scale project for green hydrogen* production currently under development on the Baltic Sea shore in the north of Germany.…

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In contrast, 88 land deals for approx. 1,886 acres were closed in FY-23 In FY-24, over 83 land deals for 1,135+ acres closed in top 7 cities alone, remaining 18 deals over 1,853+ acres in tier 2 & 3 cities incl. Ahmedabad, Ayodhya, Jaipur, Nagpur, Mysuru, Ludhiana, and Surat Among the top cities, NCR clocked maximum 29 land deals for 313+ acres, followed by MMR with 19 land deals for approx. 157+ acres Of total land deals in FY-24, approx. 80 separate deals for approx. 2,252 acres proposed for residential, plotted…

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