Page 2 - Anarock

Housing sales witness 41% rise YoY in July-September: Anarock report

MMR and Hyderabad witnessed the highest new launches in Q3 2022, with approx. 36,000 units and 15,530 units, respectively

Co-working firms share in office leasing jumps to 20% in Jan-Jun period

Co-working operators are opening new centres to tap rising demand for flexible workspace and their share in the overall office space leasing jumped to 20 per cent during January-June, according to Anarock. In April, real estate consultant Anarock entered into this segment by acquiring 75 per cent stake in myHQ, a booking platform for co-working spaces, in a cash and stock deal of around Rs 125 crore. myHQ, which is headquartered in Delhi-NCR, has over 50,000 subscribed members. As per the data, the total net absorption of office space across seven major cities stood at 20.8 million square feet in the first half of this calendar year. In this, the share of co-working spaces stood at 20 per cent. In H1 (January-June) 2021, its share was just 6 per cent of net office absorption of about 9.33 million square feet. Corporates are preferring co-working centres, which include managed office space, to cut capital expenditure and enjoy flexibility in scaling up or down their businesses. If

Over 45 new data centres to come up in India by 2025, says report

Plans have been drawn up for over 45 DCs spanning 13 mn sq ft and 1,015 Mw of IT capacity that will come up in India by end-2025

45 data centres spanning around 13 million sq ft to come up by 2025

Over 69% of new IT capacity of 1,015 Mw will come up in Mumbai and Chennai, with 51% in Mumbai alone

REITs: A combination of good returns with room for growth, say experts

Payouts can be affected by vacancy and tenants defaulting on payments

Housing sales fall 15% in Apr-Jun in top 7 cities from previous quarter

As per the data, housing sales in Mumbai Metropolitan Region (MMR) fell 11 per cent to 25,785 units in April-June 2022 from 29,130 units in the previous quarter

480,000 homes worth over Rs 4.5 trillion stuck in top seven cities

Anarock said that the Delhi-NCR and MMR together account for 77 per cent of the total stuck/delayed housing units, while the southern metros Bengaluru, Chennai, and Hyderabad have just 9 per cent

Builders expect slowdown in housing demand in short-term on RBI's rate hike

The RBI on Wednesday hiked the key benchmark rate by 50 basis points

Rising rates to impact post-pandemic recovery in real estate sector

The rising rates will depress demand and slow down sales

Anarock's FY22 revenue up 32% on recovery in housing demand: Chairman Puri

Our revenue has grown to Rs 402 crore during the last fiscal from Rs 305 crore in the 2020-21 financial year: Anuj Puri

'Realty mkt sees 28 land deals comprising over 1,200 acres so far this yr'

Real estate market has witnessed at least 28 land deals, including outright purchases and joint ventures, so far this year comprising over 1,200 acres, according to property consultant Anarock. The consultant noted that the appetite for land acquisition continues unabated for developers and other entities in the post-COVID world. Anarock highlighted that developers are eyeing prime land at key locations across India for future developments across real estate asset classes. "In comparison to H1 2021, the number of deals has doubled from 14 deals in H1 2021 to 28 deals between January 2022 till date," Anarock Chairman Anuj Puri said. As expected, he said residential development remains the prime focus, given the robust housing demand despite a hike in interest rate and property prices. Since the beginning of this year, Anarock said that various entities sealed at least 28 separate land deals cumulatively accounting for over 1,237 acres across the country. Of the total transacted l

PE inflows to real estate sector shrank 32% in FY22, says Anarock

Sans portfolio deals, average ticket size reduced to $93 million

Anarock buys 75% stake in coworking marketplace myHQ for Rs 125 cr

myHQ, which is headquartered in Delhi-NCR, currently has over 50,000 subscribed members across 700+ spaces in seven cities

Housing sales up 71% YoY in March quarter, highest since 2015: Anarock

Approximately 99,550 units sold across the top 7 cities in Q4, according to data from real estate consulting firm

Anarock to facilitate sale of 5,400 flats of Amrapali for Rs 2k cr in NCR

The proceeds from unsold units will be utilised to complete the stalled projects of Amrapali group

Maharashtra's revenue from property registrations to hit all-time high

Within the first 11 months of FY22, the state has earned Rs 5,671 crore from property registrations, which is 63 per cent higher than Rs 3,474 crore in FY21

Private equity inflow in real estate up 27% in Apr-Sep at $1.79 bn: Anarock

Private equity investment in Indian real estate rose 27 percent to $1.79 billion in the first six months of the current fiscal mainly driven by domestic funds, according to property consultant Anarock

Anarock eyes 50% revenue growth in FY22 to about Rs 450 crore

Mumbai-based Anarock is one of the leading housing brokerage firms in the country

Housing market to cross pre-note ban level in 2023, says report

Starting 2021, the market is set to witness a healthy double-digit growth rate over the next three years

Real estate sector loans worth $18 bn under severe stress: Anarock

Property consultant Anarock, however, said in its report that at least 67 per cent or about $67 billion of the total advances to the sector is now completely stress-free.