Page 3 - Anarock

Rents in India have increased by up to 64% in last five years: Report

Housing supply slowed down rent growth in major cities in first quarter of FY24, says real estate consultancy Anarock

Real estate 'popular hedge' against inflation in last two years: Report

Investors can leverage real estate assets to borrow funds for further real estate acquisitions, says Anarock

Mumbai's vertical growth: City to see 34% more skyscrapers in next 6 years

The development of high-rises often helps in decongesting the city. Moreover, these amenities and residences are in a single vertical space

Anarock FY24 revenue surges 36% to Rs 566 crore on higher earnings

Real estate consultant Anarock Group has posted a 36 per cent increase in its revenue to Rs 566 crore in the last fiscal, helped by better earnings from housing brokerage and other services. During 2022-23, the company posted a revenue of Rs 416 crore. Homegrown Anarock was established by Anuj Puri in April 2017 after serving as country head for 10 years in an international property consultancy firm. In an interview with PTI, Anarock Chairman Puri said, "Real estate markets, particularly residential, across cities, are doing well with sales and launches at a 15-year high." Inherently, he said, this is being driven by a younger working population wanting to buy their first home rather than rent it. "...we are benefiting from this phenomenal growth in housing sales, having established our tech and digital platform," Puri said. All major business verticals contributed to the revenue growth last fiscal, he said. These include housing brokerage, retail, land, capital markets, strateg

Luxury homes' share in total sales nears affordable for first time: Report

Demand for luxury units has consistently increased in the last five years

Land deals on upswing; 721 acres closed in Jan-Mar: Anarock report

Builders and other entities have closed at least 29 land deals involving 721 acres during January-March this year to expand their businesses amid surge in demand especially for housing, according to Anarock. During the entire 2023-24 fiscal, property consultant Anarock said that real estate developers and other entities have closed 101 land deals, cumulatively accounting for 2,989 acres. Land deals in terms of acres have increased 61 per cent annually in January-March 2024 and 58 per cent annually in 2023-24. At least 26 land deals for around 449 acres were closed during January-March 2023, while 88 land deals for 1,886 acres were struck during the full 2022-23 fiscal. These land deals, which were struck across major tier I, tier II and tier III cities, include outright purchase-sale transactions and also partnerships with landlords called Joint Development Agreements (JDAs). Anarock Chairman Anuj Puri said, "Out of the total land deals in 2023-24, over 83 deals for about 1,135 ac

Pvt equity investment in realty dips 16% in FY23-24 to $3.67 bn: Anarock

Private equity funding in the real estate sector fell 16 per cent last fiscal to USD 3.67 billion on lower interest from foreign investors, according to Anarock. In its report, Capital FLUX, real estate consultant Anarock pointed out that the private equity (PE) deals in Indian real estate have declined to USD 3,674 million in 2023-24 from USD 4,358 million in the previous year. The PE inflow in real estate stood at USD 5,138 million in 2019-20, USD 6,377 million in 2020-21, USD 4,236 million in 2021-22 financial year. "The decline in PE investments in Indian real estate has been due to lower activity by foreign investors, due to global macro-economic factors and geopolitical instability," said Shobhit Agarwal, MD & CEO of Anarock Capital. The share of foreign capital in total investments declined to 65 per cent in FY24, against 76 per cent in the previous year. As per the report, PE investments by domestic investors have increased to 29 per cent of the total capital inflows into

Housing sales in Jan-Mar rise 14%, average prices up 10-32%: Anarock

Housing sales have risen 14 per cent, while average prices are up 10-32 per cent across seven major cities during the January-March period of this year, as demand continues to be strong, according to Anarock. The sales of residential properties increased in Mumbai Metropolitan Region (MMR), Pune, Bengaluru and Hyderabad, but declined in Delhi-NCR, Chennai and Kolkata. On Wednesday, real estate consultant Anarock released its data for the top seven primary (first sale) residential markets in the country. As per the data, housing sales rose 14 per cent to 1,30,170 units during January-March quarter this year across top seven cities, from 1,13,775 units in the year-ago period. "The quarter has recorded the highest ever sales in the last decade amid a significant rise in demand for high-ticket homes priced Rs 1.5 crore and above," Anarock Chairman Anuj Puri said. Among cities, the housing sales in MMR rose 24 per cent to 42,920 units during January-March, from 34,690 units in the year

Market size for flexible office spaces in India to double by 2030: Anarock

Co-working spaces will be the top choice of industry professionals by the end of the decade

Despite high prices, more Indians want to buy a 3 BHK home: FICCI-Anarock

This is despite the fact that 55% of Indians believe their disposable income had been 'majorly' impacted by inflation

Anarock raises Rs 200 cr from 360 One Asset Management for biz expansion

The funding aims to enhance Anarock's technology infrastructure, accelerate its expansion, and introduce innovations to strengthen its leadership in the Indian real estate services sector

Avg flat size expands 11% in 2023, demand rises for bigger homes: Anarock

Builders are constructing bigger homes to meet consumers' demand as the average size of flats rose 11 per cent last year across seven major cities, according to Anarock. Real estate consultant Anarock has analysed the fresh supply of housing units during 2023 across the primary residential market of seven major cities. The data showed that average flat sizes in the top 7 cities rose to 1,300 square feet last year from 1,175 square feet in 2022. In the Mumbai Metropolitan Region (MMR) and Kolkata, the average size of apartments fell, but it grew in Delhi-NCR, Bengaluru, Hyderabad, Pune and Chennai in 2023. The average size stood at 1,050 square feet in 2019, 1,167 sq ft in 2020, and 1,170 sq ft in 2021. "Northbound housing prices in the top cities have in no way dispelled the demand for generous living spaces," Anarock Chairman Anuj Puri said. The supply of bigger luxury homes increased significantly last year, he said, adding that around 23 per cent of the total new launches were

Home truths: Luxury real estate looks set to retain its sheen this year

Stamp duty cuts, reduced circle rates, changing demographics propel high-end homes to new heights

Realty reality: Will luxury housing in India lose its sheen in 2024?

Luxury housing in India witnessed a record-breaking year in 2023 as the sales of such homes touched an all-time high. Now, is the demand for these costlier homes likely to continue in 2024 as well?

Anarock revenue may rise 30% to Rs 575 cr in FY24 on strong housing demand

Property consultant Anarock is expecting a 30 per cent growth in its revenue this fiscal year to around Rs 575 crore mainly driven by strong housing sales, its Chairman Anuj Puri said. Anarock, one of the leading real estate consultancy firms in India, was established by Puri in April 2017. "Our revenue will easily cross Rs 550 crore this financial year and may touch Rs 575 crore," Puri told PTI. Out of the total estimated revenue in 2023-24 fiscal, he said around Rs 400 crore will come from sales of residential properties on behalf of builders. Puri said residential sales in primary market (first sale) touched an all-time high in 2023 calendar year. The demand remains strong across all price points. "We expect demand to sustain in 2024 and beyond," he said, but cautioned that sales would be hit in case of abnormal price rise. Puri said the company also expects significant revenue from consultancy services in non-residential segments like leasing of retail and warehousing spaces

Real estate players deploy AI, plug into AR and VR tech to boost sales

"Anarock used its AI/ML proptech solution ASTRA to boost primary housing sales by up to 15 per cent," says Anuj Puri, chairman, Anarock group

Mixed-use real estate projects expand as buyers seek integrated lifestyle

Such properties have residential, commercial facilities and are near education and healthcare institutes

Improved affordability pushes home sales in India to a new peak in 2023

In 2024, experts suggest that home affordability, as well as sales, are expected to improve further on the back of cooling inflation and the likelihood of lower interest rates

Housing sales up 31% in 2023, 476,530 units sold in top 7 cities: Anarock

Housing sales rose 31 per cent this year to nearly 4.77 lakh units -- an all-time high -- across seven major cities, despite price appreciation by an average 15 per cent, and higher mortgage rate, according to Anarock. Real estate consultant Anarock on Thursday released the annual data of seven major primary housing market, showing that housing sales increased to 4,76,530 units this calendar year from 3,64,870 units in 2022. Anarock Chairman Anuj Puri said, "2023 has been phenomenal for the Indian housing sector, despite global headwinds, rising domestic property prices, and interest rate hikes over the first half this year." Housing sales in the top 7 cities breached the previous high of 2022, and new launches stayed in step with the current housing demand, he added. Puri said it was widely expected that rising property prices and interest rates, along with global market uncertainties, would impact residential sales, but high demand sustained. As per the data, Mumbai Metropolitan

Housing sales value to top 38%, cross Rs 4.5 trillion in 2023: Report

Sales value in nine months of 2023 exceeds that recorded in the whole of last year: Anarock Group