Category: InfraEstate

Demand for 3BHKs particularly high in cities like Bengaluru, Chennai, Hyderabad & Delhi-NCR Homes priced >INR 1.5 Cr gain traction with 20% respondents preferring them in H2 2023 against 12% in H2 2021 Ratio of ready-to-move homes to homes in new launches in H2 2023 is at 23:24, against 32:24 in H2 2021 – and 46:18 in H1 2020  Demand for peripheral locations declines – from 43% respondents in H2 2021 to 36% in H2 2023 – reviving preference for suburban areas and city centres Affordable housing demand shrinks further…

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  Of approx. 4.77 lakh units sold across the top 7 cities in 2023, over 40% were new launches; in 2019, of approx. 2.61 lakh units sold, 26% were newly launched At 27%, NCR had the lowest share of new supply absorption out of approx. 65,625 units sold in 2023; however, Gurugram outperformed other markets in NCR Out of 36,970 units sold in Gurugram in 2023, at least 35% were newly launched Region-wise, southern cities – Bengaluru, Hyderabad and Chennai – saw the highest sales share of new launches Increasing…

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– by Akash Pharande, Managing Director – Pharande Spaces As India gears up for its upcoming general elections, optimism and anticipation are evident across various sectors, and the real estate market is no exception. Historically, India's general elections have been a time for positivity – after all, every political party in the fray pledges to boost economic growth and improve infrastructure. These commitments invariably lead to a positive sentiment in the housing market.  How will the upcoming elections impact India's housing market, and why is this be the perfect time…

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India’s most exclusive hospitality summit HVS ANAROCK HOPE 2024 has commenced at the Taj Cidade De Goa, marking the beginning of a pivotal two-day congregation. HVS ANAROCK HOPE (Hospitality Overview Presentation & Exchange) carries forward the triumphs of the 2023 edition.   Day One commenced with two exclusive sessions:   ECHO – Exclusive Conclave for Hotel Owners – a special initiative by HVS ANAROCK to provide hotel owners with an unmatched opportunity to network, share best practices, and engage in insightful discussions on the future of hospitality. EDGE (Excellence Development for Global…

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Real estate prices in Portugal continued to outstrip those of the rest of Europe last year, according to a new study. Independent research by Property Market-Index revealed an 8.1% increase in 2023 for the major real estate markets in Portugal– compared to a 1.7% decrease in the euro area and a 1.1% decrease across the rest of the European Union. Traditional Portuguese property hotspots such as the Algarve and urban powerhouses Porto and Lisbon remained buoyant – driven in part by the nation’s increasing popularity among affluent expats. The Property Market-Index study revealed that Portugal's real…

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   Anuj Puri, Chairman – ANAROCK Group With the fundamentals of the Indian economy remaining strong despite all global headwinds and inflation well under control, the RBI once again decided to keep the repo rates unchanged at 6.5%, thus extending the festive bonanza that it gave to the homebuyers in its last two policy announcements. Thus, homebuyers retain their advantage of relatively affordable home loan interest rates.   If we consider the present trends, the housing market has been unstoppable, and unchanged home loan rates will help maintain the overall…

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  Funds to be deployed into Firm’s overall business growth and industry leading Proptech platforms Collaboration to create further value for ANAROCK customers in fast-growing Indian real estate sector New tech development to leverage Indian real estate potential to surpass USD 1 Tn by 2030   ANAROCK, a leading Indian independent real estate consultancy, has announced an investment of ~INR 200 Cr (USD 25 Mn) from 360 ONE Asset Management Limited (earlier known as IIFL Asset Management) (360 ONE Asset), one of India’s largest alternate asset managers and part of the 360 ONE…

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Akash Pharande, Managing Director – Pharande Spaces Unfortunately, the interim budget 2024 didn't directly include any major positive changes for India's housing industry. While the expectations included industry status, tax benefits, affordable housing boosts, and easing liquidity issues for developers, none of these materialized in the interim budget. However, there are a few ways we could interpret the situation cautiously optimistically: – Indirect benefits: The focus on infrastructure spending might indirectly benefit the housing industry by improving connectivity and boosting overall economic activity, potentially leading to increased demand.– Focus on…

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  Avg. flat sizes in top 7 cities increased from 1,175 sq. ft. in 2022 to 1,300 sq. ft. in 2023 MMR & Kolkata the only cities where avg. flat sizes declined annually by 5% & 2% respectively NCR saw maximum growth (of 37%) in avg. flat sizes among top 7 cities – from 1,375 sq. ft. in 2022 to 1,890 sq. ft in 2023 Among the top 7 cities, avg. flat size in Hyderabad stood the highest at 2,300 sq. ft. in 2023, followed by NCR; MMR saw least…

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  In contrast, 2022 saw 82 land deals for 2,508+ acres closed; thus, 2022 and 2023 together saw 179 deals for 5215+ acres Of 97 land deals in 2023, approx. 74 deals for 1,945+ acres were proposed for residential development, approx. 565 acres for Industrial & Logistic Parks and Manufacturing, 126+ acres for mixed-use development & 27.5 acres for commercial and IT Park, among others  Among the top 8 cities – MMR, NCR, Bengaluru, Hyderabad, Chennai, Kolkata, Pune & Ahmedabad – Ahmedabad tops land deal share with 27% (for 739.8 acres), Bengaluru a distant…

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