Page 5 - Anarock

Unsold housing stock drops 21% in Delhi NCR in April-June quarter: Anarock

It is the steepest drop of available stock among the top seven cities in India

Mumbai, Pune to push housing sales to all-time high this quarter: Anarock

Earlier, the peak was reached in the quarter that ended on March 31 this year with a sale of 113,780 units

Unsold inventory of homes priced above Rs 2.5 cr down, says Anarock

The number of unsold luxury homes fell the sharpest, 24%, in the Mumbai Metropolitan region

Average apartment size rises 5% annually in Jan-Mar 2023: Anarock

Real estate developers are building bigger apartments to meet consumer demand, with the average size of flats launched in January-March this year rising 5 per cent annually across seven cities, according to property consultant Anarock. As per the data, the average size of flats across seven major cities rose to 1,225 square feet in January-March this year from 1,170 square feet in the year-ago period. Among seven cities, Delhi-NCR saw average flat size rising 50 per cent to 1,700 square feet in the first quarter of 2023 from 1,130 square feet in January-March last year. Developers in Delhi-NCR are closely tracking demand and launching bigger homes in this region, Anarock noted. Kolkata saw flat sizes increase by 44 per cent to 1,150 sq ft in Q1 2023 from 800 sq ft in the year-ago period. The average flat size in Hyderabad rose 29 per cent to 2,200 sq ft in January-March from 1,700 sq ft in Q1 of 2022. Pune witnessed a 16 per cent yearly increase to 1,013 square feet in Q1 2023 f

Housing sales clocked a record of Rs 3.47 trillion in FY23: Anarock

The Mumbai Metropolitan Region (MMR) saw the highest market share in terms of both value and volume in FY23

New projects account for 41% housing sales in Q1CY23 in top 7 mkts: Anarock

Share of newly launched homes was much lower in the same period of CY19, with just 26% homes sold in new projects out of about 78,520 units

Assess your affordability before purchasing amid housing market buoyancy

People in sectors witnessing layoffs should be especially cautious

Realty firms may complete nearly 558,000 homes in 2023 across top 7 cities

Real estate developers are expected to complete nearly 5.58 lakh homes this year across seven major cities as builders focus on accelerating the pace of construction activities, according to Anarock. Real estate consultant Anarock's data suggests that 5,57,900 homes are scheduled for completion during 2023. In the 2022 calendar year, 4,02,000 units were scheduled to be completed. The consultant did not mention whether builders were able to meet their 2022 target or not. Anarock said that the number of homes to be completed is higher because of several factors including realty law RERA, better cash flow amid rise in housing sales, use of latest technologies in construction activities and also increased funding from financial institutions. The developers are trying to avoid delay in completion of projects as it leads to cost overrun, the consultant added. Anarock Vice Chairman Santhosh Kumar said, "As per scheduled completion records, approx. 5.6 lakh homes are likely to be deliver

Residential sales surge 48% in FY23, sets all-time high record: Anarock

Mumbai Metropolitan Region leads with largest share by both sales value and volume; Pune displays fastest growth

Housing sales in FY23 up 48% at Rs 3.47 trn due to higher volumes: Anarock

Housing sales rose 48 per cent year-on-year to Rs 3.47 lakh crore during the last fiscal across seven major cities on higher volumes and better price realisation, according to Anarock. Real estate consultant Anarock reported that sales of residential properties in value terms increased to Rs 3,46,960 crore last fiscal from Rs 2,34,850 crore in 2021-22. In volume terms, sales grew 36 per cent to 3,79,095 units in 2022-23 from 2,77,783 units in the previous year. The data pertains to the transactions of primary (fresh sale) housing market. "India's residential real estate segment continues to show boundless forward momentum, and is setting unprecedented benchmarks," said Anuj Puri, Chairman, Anarock Group. According to the data, housing sales in Delhi-NCR rose 42 per cent to Rs 50,620 crore last fiscal from Rs 35,610 crore in the previous year. In Mumbai Metropolitan Region (MMR), sales grew 46 per cent to Rs 1,67,210 crore from Rs 1,14,190 crore. Housing sales in Bengaluru incre

Realtors closed 87 land deals totalling 1,862 acre in FY23: Anarock

Real estate developers remained active on land acquisition for future development and they closed at least 87 land deals totalling 1,862 acres during the last fiscal year, according to Anarock. During the previous year 2021-22, real estate consultant Anarock noted that 44 land deals accounting for about 1,649 acres were closed across various cities. Anarock Chairman Anuj Puri noted that size of the deals were smaller in the 2022-23 fiscal as compared to the previous year. Of all deals closed in FY23, at least 76 accounting for about 1,059 acres were in seven major cities, and the remaining 11 deals accounting for 803 acres took place in Tier 2 and 3 cities including Ahmedabad, Kurukshetra, Lucknow, Nagpur, Panchkula, Panipat, Raigad and Surat. Among the top seven cities, Mumbai Metropolitan Region (MMR) saw the maximum 25 land deals accounting for over 267 acres, followed by Delhi-NCR with 23 land deals totalling 274 acres. In terms of total land transacted, Chennai saw maximum at

Companies, startups more inclined towards coworking spaces: Anarock

In the top seven cities in India, there was a 90% jump in net coworking space absorption between Q4FY19 and Q4FY23

45% of property seekers in NCR want to buy 3BHK homes: CII-Anarock report

58% of Indians want to buy properties priced between Rs 40 lakh to Rs 1.5 crore

Private Equity inflow in real estate stable at $4.2 bn in FY23: Anarock

Private equity investment in real estate remained stable in the last fiscal at USD 4.2 billion, of which 22 per cent contribution came from domestic investors, according to Anarock. Delhi-NCR market received 32 per cent of the total investment, while office assets garnered 40 per cent of inflows. Foreign investors' contribution stood at more than 75 per cent. Real estate consultant Anarock's arm Anarock Capital in its report FLUX has tracked capital flows in the sector during 2022-23 financial year ended March. Private Equity (PE) investments have remained stable during 2022-23 at USD 4.2 billion. PE inflows stood at USD 4.2 billion in 2021-22, USD 7.2 billion in 2020-21, USD 6.3 billion in 2019-20, and USD 5.3 billion in 2018-19, the report showed. Domestic investors were significantly more active in FY23, with investment value increasing by 50 per cent in FY23 (USD 0.9 billion) over FY22 (USD 0.6 billion). Inflows from foreign investors declined 7 per cent to USD 3.2 billion i

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