Category: InfraEstate

  Share of top 10 deals was 87% of the total value of PE investments in 9M FY24 Avg. ticket size marginally increased to USD 95 Mn in 9M FY24 from USD 91 Mn in 9M FY23 Sharp increase in multi-city transactions, dominated by Brookfield India REIT & GIC MMR led with investments of USD 694 Mn in 9M FY24, against USD 375 Mn in 9M FY23 Investments by foreign investors rise to 86% in 9M FY24 against 79% in 9M FY23 PE Investments registered a decline of approx. 26%…

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NCR’s inventory saw a 23% yearly decline – from approx. 1,23,692 units by 2022-end to approx. 94,803 units by 2023-end – the highest annual inventory decline among the top 7 cities For 1st time in a decade, NCR’s inventory is lower than cities like Hyderabad & Pune Of total unsold stock in NCR, Gurugram has maximum at approx. 37,575 units, but declining 27% y-o-y Greater Noida had over 18,825 unsold units by 2023-end, reducing 28% annually In Ghaziabad, unsold stock declined by 19% to approx. 12,546 units by 2023-end In Noida, unsold…

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Anuj Puri, Chairman – ANAROCK Group   In 2023, the residential real estate market experienced extraordinary growth, as new launches and home sales reached record highs. In 2023, sales of housing in the top seven cities reached an all-time high of about 4.77 lakh units, while sales of newly launched homes reached almost 4.46 lakh units.   The real estate industry's outlook for 2024 is currently positive, but the results of the upcoming general elections will also have a significant impact on the demand for and growth in residential real…

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  Approx. 4,76,530 units sold in 2023 in the top 7 cities, against 3,64,870 units in 2022 – 31% yearly rise MMR records highest sales of approx. 1,53,870 units in 2023, followed by Pune with approx. 86,680 units Approx. 4,45,770 new units launched in 2023 against 3,57,640 units in 2022, rising by 25% y-o-y; total new launches in 2023 lower than previous peak of 2014 (when >5.45 lakh units were launched in top 7 cities) MMR & Pune again witness maximum new launches in 2023, together accounting for nearly 54%…

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  Tie-up adds over 15 new cities to the flexi-workspace portfolio. Of 10.5 mn. sq.ft office space absorbed in Q3 2023 in top 7 cities, coworking accounts for approx. 20% share. Post Covid-19, 70% of Indian companies have adopted various kinds of coworking models.    myHQ by ANAROCK, India’s leading platform for flexible workspace solutions, has entered a strategic partnership with Awfis, the country’s largest provider of agile office spaces, to give on-demand access to Awfis’s 100+ centers across the country.   Utkarsh Kawatra, Senior Director – myHQ by ANAROCK, says,…

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  From approx. 71,307 projects registered by Nov.-end 2021 to 1,16,117 projects as on Nov.-end 2023 Maharashtra registered highest number of projects (42,204) till date, followed by Tamil Nadu with 18,915 projects Over 47% rise in disposal of complaints across states in last two years – from 78,903 cases as of Nov.-end 2021 to approx. 1,16,300 as of Nov.-end 2023 Uttar Pradesh has disposed of the most complaints since UP-RERA inception (approx. 44,602 cases), followed by Haryana with 20,604 cases & Maharashtra with 15,423 cases; the 3 states together accounted for…

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  Homes worth INR 3.49 Lakh Cr. already sold across the top 7 cities in first 9 months of 2023 – 7% higher than the entire 2022 sales value (approx. INR 3.27 lakh Cr.) At current sales momentum, ongoing 4th quarter to see min. INR 1 lakh Cr. worth housing inventory sold in top cities – taking total sales value above INR 4.5 lakh Cr Over 3.49 lakh units sold across the top 7 cities in 9M 2023, against approx. 3.65 lakh units in entire 2022 With housing sales value in 9M 2023…

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