Housing under Modi – A 10-year retrospective – NAREDCO-ANAROCK report

With reforms, housing demand soars – over 28.27 lakh homes sold in top 7 cities between 2014 to 2023; over 29.32 lakh units launched in the last 10 years AIFs revive hope – from 2019 inception to December 2023, approximately 26,000 homes completed by SWAMIH Fund, 80,000 more to be completed in the next 3 years RERA – approximately 1.23 lakh projects registered across states since inception till date, 1.21 lakh complaints disposed PMAY delivers affordable housing to urban & rural poor – approximately 118.63 lakh homes sanctioned under PMAY(U) till date, 294.86…

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ANAROCK Launches Office Leasing and Advisory Vertical, Appoints CRE Veteran Peush Jain as Managing Director

  New vertical launch aligned with Group’s phased expansion strategy – Anuj Puri, Chairman   Leading independent property services group ANAROCK has announced the launch of its dedicated commercial office leasing services, and the appointment of CRE veteran Peush Jain as Managing Director – Corporate Leasing & Advisory. After successfully launching office strata-sale focused ANAROCK Commercial in 2020, the Group sees this move as the logical next step towards completing its industry-defining real estate services portfolio.   The launch of its commercial leasing and advisory vertical aligns seamlessly with the Group’s overarching…

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Unlocking Growth: The Impact of Dwarka Expressway on Real Estate and Job Creation in NCR

The Dwarka Expressway, is an infrastructure project in the National Capital Region (NCR) of India, is poised to significantly benefit the real estate sector and create substantial job opportunities. Spanning approximately 29 kilometers, this expressway connects Dwarka in Delhi to Gurugram in Haryana, serving as a crucial link between these two major urban centers. One of the primary ways in which the Dwarka Expressway is expected to impact the real estate sector is through enhanced connectivity. Improved connectivity is often a catalyst for real estate development, as it opens up…

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Housing Sales in Top 7 Cities Record 14% Yearly Rise in Q1 2024

  Sales numbers in a quarter at all-time high; approx. 1.30 lakh units sold across the top 7 cities in Q1 2024 against approx. 1.14 lakh units in Q1 2023 MMR & Pune account for 51% of total sales; MMR records 24% yearly jump, Pune sees 15% rise New launches up by a mere 1% Y-o-Y – from approx. 1.10 lakh units in Q1 2023 to approx. 1.11 lakh units in Q1 2024 MMR & Hyderabad see 51% of total launches in the top cities; new supply in NCR, Kolkata, MMR…

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General Elections – Will the Housing Market Create Another Peak in 2024?

In general election year 2014, the housing market created a peak with approx. 3.45 lakh units sold & 5.45 lakh new units launched across the top 7 cities Election year 2019 brought another peak post sector slowdown from 2015 onwards due to structural changes like DeMo, RERA, and GST etc. – approx. 2.61 lakh units sold & 2.37 lakh units launched in top 7 cities Decisive election result in 2014 & 2019 boosted homebuyer sentiment  All signs currently favour 2024 seeing another peak with key real estate regulations in place, strong GDP growth predictions,…

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Navanaami Honors India’s 82nd Chess Grandmaster V Prraneeth to Support Future Endeavors

In its bid to support the rising talent from Telangana, Navanaami, the leading real estate developer in Hyderabad, felicitated the Chess Prodigy and Grandmaster V Prraneeth in an exclusive ceremony organized in Hyderabad.   Amidst thunderous applause and cheers from Navanaami's employees and staff, Mr.G Venkat Naveen Gadde, Founder & MD of the company, felicitated  GrandmasterV Prraneeth for his remarkable achievements in the world of chess and expressing support for his future endeavors.   Speaking on the occasion, Mr. G Venkat Naveen Gadde, Founder & MD of Navanaami, said, “We…

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Signature Global Enthusiastically Celebrates National Saftey Week at its Project Sites

Signature Global, India’s leading real estate name, celebrates the 53rd National Safety Week across its project sites in Gurugram, including 37D, 79B, 92, Park 1, 2 & 3, 63A, and others. During Safety Week, organized from March 4th to March 10th, the company will engage contractor employees and construction workers in a safety campaign while providing a secure working environment. The fest will include activities like march past, flag hosting, safety pledges, speeches, street plays, mock drills, first aid training, and safety training. Pradeep Agarwal, Founder and Chairman of Signature…

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78% Women Homebuyers Are End-users – ANAROCK Survey

  End-use vs. investment ratio in the latest H2 2023 survey is 78:22 while back in H2 2021 it was 74:26 57% of participating women homebuyers prefer 3BHKs – a clear preference trend for bigger spaces; 29% prefer 2 BHKs 64% of respondent women home seekers will buy mid & premium segment housing (INR 45 lakh – INR 1.5 Cr); interestingly, 23% prefer to buy luxury homes priced >INR 1.5 Cr For 61% women participating in the survey, Indian real estate is the preferred investment asset class; 64% in H2 2021 survey…

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How Housing Prices Are Set (No, It’s Not Arbitrary)

– By Akash Pharande, Managing Director – Pharande Spaces The Indian housing market is in continuous boom mode, with more people that ever aspiring for homeownership and developers vying for their attention. However, one thing that still tends to haunt many buyers' minds is the lack of clarity when it comes to the prices of homes. While homes by good developers are selling at a fast clip, many buyers still feel that the prices are set arbitrarily. Let's explore how real estate developers arrive at the prices for their properties. For…

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From Grief to Grit – A Personal Journey for Women’s Day

  Devi Shankar, President – Industrial & Logistics I Data Centers, ANAROCK Capital Founder-investor – IREA Life   Life can be hard when you’re a woman. It often throws curveballs that leave you lost and shaken. But we’re always stronger than we think – always. Every woman has within her the strength to rise up and rewrite her narrative.   For International Women’s Day, I’m sharing a part of my journey in the hope that it will ignite hope and courage in women who are navigating their own unique challenges and paths.…

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