Anarock

Housing inventory overhang lowest in 5 years on the back of robust sales

Data from Anarock showed that inventory overhang was the lowest in Bengaluru at 13 months

NCR clears residential inventory faster than other markets in past 5 years

According to an Anarock report, NCR achieved a reduction of 43 months in its 5-year stock of homes, from 66 months by the first quarter of calendar year 2018 to 23 months by Q1 of 2023

Housing sales up 14% in Jan-Mar to 113k units across top 7 cities: Anarock

Housing sales in India's top seven cities are estimated to rise 14 per cent during January-March to over 1.13 lakh units on strong demand despite increase in prices by 6-9 per cent, according to Anarock. Real estate consultant Anarock, which tracks the primary (fresh sales) residential market, said the "bull run" continued in the housing segment of Indian realty sector despite rise in interest rates on home loans, leading to highest quarterly sales in the last one decade. According to the data compiled by Anarock, housing sales are estimated at 1,13,770 units in January-March, up 14 per cent from 99,550 units in the year-ago period across seven major cities. Mumbai Metropolitan Region (MMR) and Pune contributed 48 per cent to total sales. Delhi-NCR is the only city likely to witness a decline in sales during the first quarter of this calendar year. "The residential market's winning streak continued in the first quarter of 2023 with housing sales in top cities breaching the previou

Real estate, not gold or stocks, are a girl's best friend: Anarock study

65% women prefer investing in real estate over other asset classes, and of these, 77% would rather buy property as an investment and only 23% want it for self-use

House rent across major cities in India to keep rising in 2023: Anarock

The biggest jump in the house rent was seen in Noida Sector 150 where the monthly rent for a 1,000 sq ft flat jumped 23 per cent from Rs 15,500/month in 2019 to Rs 19,000/month

Avg monthly rents for 1,000 sq ft 2BHK flats rise up to 23% in top 7 cities

The average monthly rentals for two-bedroom flats of 1,000 square feet area have risen by up to 23 per cent since 2019 across seven major cities, according to Anarock. The key residential rental hotspots saw up to 23 per cent growth in average monthly rentals between 2019 and 2022, the property consultant said in a report. The consultant has taken average rent for standard 2BHK (2 bedroom) unit of 1,000 square feet area. Noida's Sector-150 saw the highest 23 per cent increase in average rentals to about Rs 19,000 per month, from Rs 15,500 in 2019. "Rental demand increased substantially in 2022," said Anuj Puri, Chairman, Anarock Group. "With more companies calling their employees back to the office, including in the hybrid mode, rental demand is rising across the 7 top cities, after plummeting during the two worst Covid-19 waves," he added. The rental demand would continue to head northward in 2023, Puri said. "Employees returning from their hometowns or other parts of the city

Demand for affordable housing in Indian cities down 26% in 2022: Report

Budget should revise price bandwidths for units that qualify as affordable housing: Anarock

Get a lower rental rate with higher deposit, longer-term lease agreement

Avoid paying more than 15-20 per cent of post-tax salary as house rent

Gera Developments buys land in Pune for themed residential project

Location popular with IT/ITeS and manufacturing professionals, says ANAROCK Capital

Ready homes likely to hit 6-year high in 2023, says Anarock report

2023 likely to witness most ready-to-move homes in 6 yrs

New housing supply up 51% across 7 cities; NCR sees 20% fall in launches

New supply of residential properties rose 51 per cent last year to 3,57,635 units across seven major cities as builders launched more projects to tap rising demand, according to Anarock. In its annual report for 2022, the leading housing brokerage said new launches increased to 3,57,635 units last year from 2,36,693 units in 2021 across seven major cities. New launches of housing units were up in five cities --Mumbai Metropolitan Region (MMR), Kolkata, Bengaluru, Hyderabad and Pune, but fresh supply fell in Delhi-NCR and Chennai. The total new launches in 2022 remained lower than previous peak of 2014 when more than 5.45 lakh units were launched in the top seven cities, Anarock said. As per the data, new launches in MMR jumped over two-fold to 1,24,652 units in 2022 from 56,883 units in the previous year. Bengaluru saw a 61 per cent increase in new launches to 49,196 units in 2022 from 30,646 units earlier. Pune too witnessed a 61 per cent growth in new launches to 64,343 units f

Go ahead with house purchase in 2023 despite high loan rates

By the time interest rates moderate, prices could move higher

Housing sales in top-7 cities up 54%, top previous high of 2014: Anarock

Current sales momentum is likely to continue in first quarter of 2023; most of the sales are driven by end-users

Despite interest rate hikes, listed realty firms see dip in cost of debt

Debt cost of eight listed players at lowest since pandemic

Anarock facilitates sale of 1,455 unsold units so far in stalled projects

Property consultant Anarock, which has got the mandate to sell over 5,000 unsold flats of erstwhile Amrapali group, on Wednesday said it has facilitated the sale of 1,455 housing units so far. State-owned NBCC has undertaken the completion of many residential projects in Noida and Greater Noida under the aegis of Amrapali Stalled Projects and Investment Reconstruction Establishment (ASPIRE) and supervision of the Supreme Court of India. "To date, Anarock has sold 1,455 homes in the NBCC Aspire mandate, with 520 units having been sold in the last three months alone," Anarock said in a statement. Of about 5,200 unsold units in these projects, the consultant said that about 4,000 are still up for sale. Anarock was appointed as the exclusive agent to market and sell these units, it added. These unsold units are spread across 22 projects in Noida and Noida Extension. Overall, there are over 40,000 undelivered homes in these projects, for which customers have been waiting for many ...

India Inc takes mental health to heart but challenges remain

Firms using data, sensitising managers to help employees as experts say more awareness, acceptability needed

Older house can offer price and location advantage, say experts

But ensure repair expenses don't erode initial gain; also carry out title check

Indian warehousing needs $3.8 bn to meet 223 mn sq ft demand in next 3 yrs

Top-3 sectors, namely, 3PL, e-commerce, and manufacturing & automotive, account for a 78 per cent share of warehouse leasing space across seven cities

Mahindra Lifespaces Developers logs net loss of Rs 8 crore in Q2

The company has also set a target of achieving annual residential sales of Rs 2500 crore and annual leasing of Rs 500 cr

Property consultant Anarock aims 37% revenue growth in FY23 to Rs 550 cr

Property consultant Anarock is targeting 37 per cent growth in revenue this fiscal to Rs 550 crore driven by rise in housing sales and income from other advisory services, its Chairman Anuj Puri said. Mumbai-based Anarock, one of the leading housing brokerage firm, had achieved a 32 per cent growth in its revenue at Rs 402 crore during the last fiscal year on account of sharp recovery in housing demand post second wave of the Covid pandemic. Anarock was established by Anuj Puri in April 2017. Before setting up his own firm, Puri had served as chairman and country head at a global property consultancy firm for 10 years. "We have set a revenue target of Rs 500-550 crore this fiscal year and we are on track. Our team is working hard to achieve it," Puri told PTI when asked about the turnover guidance for the 2022-23 financial year. Puri noted that housing market has further consolidated its growth and sales have risen sharply so far this year despite rise in property prices and increa