Page 6 - Anarock

Demand for affordable housing in Indian cities down 26% in 2022: Report

Budget should revise price bandwidths for units that qualify as affordable housing: Anarock

Get a lower rental rate with higher deposit, longer-term lease agreement

Avoid paying more than 15-20 per cent of post-tax salary as house rent

Gera Developments buys land in Pune for themed residential project

Location popular with IT/ITeS and manufacturing professionals, says ANAROCK Capital

Ready homes likely to hit 6-year high in 2023, says Anarock report

2023 likely to witness most ready-to-move homes in 6 yrs

New housing supply up 51% across 7 cities; NCR sees 20% fall in launches

New supply of residential properties rose 51 per cent last year to 3,57,635 units across seven major cities as builders launched more projects to tap rising demand, according to Anarock. In its annual report for 2022, the leading housing brokerage said new launches increased to 3,57,635 units last year from 2,36,693 units in 2021 across seven major cities. New launches of housing units were up in five cities --Mumbai Metropolitan Region (MMR), Kolkata, Bengaluru, Hyderabad and Pune, but fresh supply fell in Delhi-NCR and Chennai. The total new launches in 2022 remained lower than previous peak of 2014 when more than 5.45 lakh units were launched in the top seven cities, Anarock said. As per the data, new launches in MMR jumped over two-fold to 1,24,652 units in 2022 from 56,883 units in the previous year. Bengaluru saw a 61 per cent increase in new launches to 49,196 units in 2022 from 30,646 units earlier. Pune too witnessed a 61 per cent growth in new launches to 64,343 units f

Go ahead with house purchase in 2023 despite high loan rates

By the time interest rates moderate, prices could move higher

Housing sales in top-7 cities up 54%, top previous high of 2014: Anarock

Current sales momentum is likely to continue in first quarter of 2023; most of the sales are driven by end-users

Despite interest rate hikes, listed realty firms see dip in cost of debt

Debt cost of eight listed players at lowest since pandemic

Anarock facilitates sale of 1,455 unsold units so far in stalled projects

Property consultant Anarock, which has got the mandate to sell over 5,000 unsold flats of erstwhile Amrapali group, on Wednesday said it has facilitated the sale of 1,455 housing units so far. State-owned NBCC has undertaken the completion of many residential projects in Noida and Greater Noida under the aegis of Amrapali Stalled Projects and Investment Reconstruction Establishment (ASPIRE) and supervision of the Supreme Court of India. "To date, Anarock has sold 1,455 homes in the NBCC Aspire mandate, with 520 units having been sold in the last three months alone," Anarock said in a statement. Of about 5,200 unsold units in these projects, the consultant said that about 4,000 are still up for sale. Anarock was appointed as the exclusive agent to market and sell these units, it added. These unsold units are spread across 22 projects in Noida and Noida Extension. Overall, there are over 40,000 undelivered homes in these projects, for which customers have been waiting for many ...

India Inc takes mental health to heart but challenges remain

Firms using data, sensitising managers to help employees as experts say more awareness, acceptability needed

Older house can offer price and location advantage, say experts

But ensure repair expenses don't erode initial gain; also carry out title check

Indian warehousing needs $3.8 bn to meet 223 mn sq ft demand in next 3 yrs

Top-3 sectors, namely, 3PL, e-commerce, and manufacturing & automotive, account for a 78 per cent share of warehouse leasing space across seven cities

Mahindra Lifespaces Developers logs net loss of Rs 8 crore in Q2

The company has also set a target of achieving annual residential sales of Rs 2500 crore and annual leasing of Rs 500 cr

Property consultant Anarock aims 37% revenue growth in FY23 to Rs 550 cr

Property consultant Anarock is targeting 37 per cent growth in revenue this fiscal to Rs 550 crore driven by rise in housing sales and income from other advisory services, its Chairman Anuj Puri said. Mumbai-based Anarock, one of the leading housing brokerage firm, had achieved a 32 per cent growth in its revenue at Rs 402 crore during the last fiscal year on account of sharp recovery in housing demand post second wave of the Covid pandemic. Anarock was established by Anuj Puri in April 2017. Before setting up his own firm, Puri had served as chairman and country head at a global property consultancy firm for 10 years. "We have set a revenue target of Rs 500-550 crore this fiscal year and we are on track. Our team is working hard to achieve it," Puri told PTI when asked about the turnover guidance for the 2022-23 financial year. Puri noted that housing market has further consolidated its growth and sales have risen sharply so far this year despite rise in property prices and increa

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