However, home sales dropped by 58 per cent sequentially
Housing sales across seven major cities are estimated to fall 47 per cent year-on-year to 138,000 units this year on lower demand because of the Covid-19, according to Anarock
New supply of residential properties fell nearly 60 per cent in January-September this year as low demand due to Covid-19 forced developers to go slow on launching new projects, according to Anarock
With RIL's retail arm, Reliance Retail, sealing its first stake sale deal with Silver Lake, analysts see the sector consolidating yet growing going forward
The current situation has sparked fears around income generation and employment which are going to put further strain on the sales
The Hiranandani group of developers also had some deals seeing online closure
The National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Bengaluru and Pune have accounted for 84 per cent of the sales in the first quarter of the year.
Companies refute claim, say they have a sizeable number of clients
Besides the traditional segments, the demand for co-living, co-working and senior living is keeping the sector buzzing
Despite low consumer spending in recent times, mall developers remain bullish on the growth potential of organised retail as 100 new malls spanning over 49 mn sq.ft. are scheduled to come up across the country by 2022-end, property consultant Anarock said. Of the total new mall supply, the top seven cities alone will see 69 new malls spread over 35.5 mn sq.ft. area. The remaining 31 malls over 13.5 mn sq.ft. will come up in tier 2 & 3 cities such as Ahmedabad, Lucknow, Indore, Surat and Nagpur, it said in a statement. Region-wise, west and south Indian cities will see almost equal new supply. West India will get 36 new malls over 17.5 mn sq. ft. area, followed closely by South India with 35 new malls over nearly 17 mn sq. ft. The north region will see a supply of 22 new malls spanning over 11 mn sq. ft. area. East India will see a much more modest supply of seven new malls spread over approximately 3.5 mn sq. ft. "2019 was defined by significantly lower retail leasin
"Over 62% or about $58 billion of the total loan advances ($93 billion) to Indian real estate by banks and NBFCs/HFCs is currently completely stress-free," Anarock said in a statement
Unsold inventory overhang indicates the number of months it will take for the current unsold housing stock to get cleared in the current market scenario
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)
Real estate experts say such places work out to be 15-25% cost efficient vis-a-vis permanent offices
Over half a million housing units worth Rs 4.5 trn facing delays: Anarock
Nearly US $1.42 bn FDI infused in Indian market between April 2000 to June 2018
Some 39 mn sq ft of is slated to hit the market between 2019-2022, of which roughly 71% will be in metros and tier-1 cities, the remaining in tier-2 and tier-3 cities
Partnership is expected to boost HVS India's annual turnover by up to 75%
Kumar had recently quit US-based consultancy JLL as CEO - operations