Page 7 - Anarock

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.

Home sales rise 93% in Q2CY21 due to low base, says Anarock report

However, home sales dropped by 58 per cent sequentially

Housing sales to fall 47% in 2020 across 7 top cities due to Covid: Report

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

Housing supply down nearly 60% in Jan-Sept across top 7 cities: Report

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

Analysts positive on retail sector post Reliance Retail-Silver Lake deal

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

Coronavirus to derail affordable housing segment's growth momentum

The current situation has sparked fears around income generation and employment which are going to put further strain on the sales

Buyers confined indoors, realtors switch online to conduct businesses

The Hiranandani group of developers also had some deals seeing online closure