Page 3 - Anarock Property
Anarock enters property brokerage segment, to invest Rs 100 cr by mid-2021
Homegrown housing brokerage firm Anarock is entering the commercial real estate consultancy business to sell office properties and will invest Rs 100 crore as well as hire 500 employees by the middle of the next year for the business, a top company official said on Tuesday. Anarock, which was formed in April 2017 by Anuj Puri after serving global property consultant JLL, will not lease office spaces, a segment dominated by international property consultants (IPCs) like JLL, CBRE, Cushman & Wakefield, Knight Frank, Colliers and Savills. "We are entering into commercial real estate and will focus on strata sale of office assets. This market is very vibrant. We have formed a separate vertical Anarock Commercial with 100 staffs for this new venture," Anarock Chairman Anuj Puri told PTI. Asked about investment, he said the company would infuse Rs 100 crore into this new business and hire 500 persons by June 2021. "We are starting with three cities Mumbai Metropolitan Region (MMR), ...
 "Anarock enters property brokerage segment, to invest Rs 100 cr by mid-2021")
Unsold luxury homes grow 10%, stock still a fraction of affordable: Anarock
Affordable homes make up 36% of the unsold housing stock, while luxury segment's shares is 14%
 "Unsold luxury homes grow 10%, stock still a fraction of affordable: Anarock")
Housing sales in 2019 rise 6% to 46,920 units in Delhi-NCR, says Anarock
Across seven major cities, sales rose by 5 per cent to 2,61,370 units in 2019 compared to 2,48,310 units in the previous year
 "Housing sales in 2019 rise 6% to 46,920 units in Delhi-NCR, says Anarock")
Delhi among fastest growing luxury residential markets, says Knight Frank
A recent report by ANAROCK suggests as many as 16,100 new units have been launched in the luxury segment priced over Rs 1.5 crore across the top seven cities in India in the first half of CY19
 "Delhi among fastest growing luxury residential markets, says Knight Frank")
9 listed housing firms' combined sales up 11% at Rs 5,300 cr in Q1: Anarock
According to the Anarock report, these nine players together achieved a sales bookings of Rs 22,800 crore in the entire 2018-19
 "9 listed housing firms' combined sales up 11% at Rs 5,300 cr in Q1: Anarock")
Average residential flat sizes in top 7 cities down 27% in 5 years: Anarock
Surprisingly, NCR one of the worst-hit residential markets in recent years - has seen the least decline of merely 6 per cent
 "Average residential flat sizes in top 7 cities down 27% in 5 years: Anarock")
In pics: India's Top 10 most expensive housing locations
ANAROCK'S top 10 rankings are based on the average prices of all new luxury units launched between 2013 and the first half of 2019 (H1-2019)
 "In pics: India's Top 10 most expensive housing locations")
50% of south-central Mumbai's high-end apartments unsold: Anarock Property
The reasons it gives include rocketing prices and a demand-supply mismatch
 "50% of south-central Mumbai's high-end apartments unsold: Anarock Property")
