Housing Sales Hit New Peak in Q2 2023 – Over 1.15 Lakh Units Sold in Top 7 Cities
Housing sales in Q2 2023 supersede previous peak of Q1 2023; top 7 cities register 36% Y-o-Y rise in sales against 84,940 units sold in Q2 2022 & over...
ANAROCK Patents AI-powered Proptech Tool ASTRA
Revolutionary sales acceleration tool deployed in 200+ projects across 21 cities in the last one year ANAROCK, India's largest and leading residential real estate services group, has announced that ASTRA,...
ATS HomeKraft delivers 1200+ homes in Happy Trails, two years ahead of RERA date
ATS HomeKraft, the 80:20 joint venture between ATS group and HDFC Capital Advisors, has started giving possessions of its first project - Happy Trails, comprised of 1,239 residential units. Spread over...
Unsold stock of homes priced >INR 2.5 Cr sees 24% yearly dip in MMR
Despite overall inventory in MMR seeing a 13% yearly increase at Q1 2023-end, homes priced >INR 2.5 Cr saw their inventory shrink from approx. 20,480 units in Q1 2022 to...
4 National Highway projects at Sonepat, Karnal and Ambala in Haryana worth Rs 3,835 crore
The construction of 11 flyovers on 8-lane National Highway 44 from Delhi to Panipat in Sonepat at a cost of Rs 890 crore with a total length of 24 km...
Rs. 2000 Note Withdrawal – Not a Housing Deal-breaker
Akash Pharande, Managing Director - Pharande Spaces The Reserve Bank of India's decision to withdraw Rs 2,000 currency notes from circulation has raised questions about its potential impact on the...
Amid 7% Increase of Avg. Home Sizes in 5 Years, New Flats in MMR Shrunk 20%
Avg. flat sizes in top 7 cities increased from approx. 1,150 sq. ft. in 2018 to approx. 1,225 sq. ft. in Q1 2023 MMR only city where avg. flat...
Repo Rate Steady – Home Loan Interest Rates Still in Single Digits
Anuj Puri, Chairman – ANAROCK Group As was anticipated, the RBI has decided to keep the repo rates unchanged at 6.5%. This gives some respite to prospective homebuyers looking...
The Age-defying Investment Power of Ownership Homes
- by Akash Pharande, managing Director - Pharande Spaces Property prices increase even though buildings age. How come? In the case of most other manufactured products other than gold ornaments,...
Hyderabad Beats Bengaluru with Highest New Office Supply in FY23
Approx 14.94 Mn sq. ft. new office space was infused in Hyderabad in FY23 accounting for 31% total share among top 7 cities while Bengaluru saw new completion of 12.66...
41% of New Housing Supply in Top 7 Cities Sold in Q1 2023, from 26% in Q1 2019
Of approx. 1.14 lakh units sold across the top 7 cities in Q1 2023, over 41% were fresh launches; in same period 2019, of approx. 78,520 units sold, 26% were...
How to Effectively Negotiate the Price of a Home
by Akash Pharande, Managing Director – Pharande Spaces Buying a home is often the most expensive purchase anyone makes in their lifetime, and everyone wants to get the best possible...
Housing Boom – Immune to Higher Interest Rates, Price Hikes?
- by Akash Pharande, Managing Director - Pharande SpacesCovid-19, along with its unexpected boost to the housing market, has come and gone - and yet, residential real estate continues to...
2023 to See Approx. 5.6 Lakh Homes Completed in the Top 7 Cities – ANAROCK
NCR to lead the pack with approx. 1.70 lakh units - 97% increase over 2022 - to be delivered Housing completions in Hyderabad, with a share of just 4%...
Six years of RERA: It increased investments and boosted real estate’s growth
On six years of RERA, the realtors are gung-ho about the positive changes brought by it, and the consumer trust that increased manifolds after its implementation on May 5, 2017....
A Home in Pune – PCMC or PMC?
- by Akash Pharande, Managing Director - Pharande Spaces Pune has been witnessing increasing inward migration over the years, thanks largely to the good job prospects, the city's many high-grade...
Value of Residential Real Estate Sales Hits a New Record in FY23
INR 3.47 lakh crore worth of homes sold in FY23, an annual growth of 48% Pune records the highest growth in value of sales at 77% on year 3.79 lakh...
Over 87 land deals for 1862+ acres closed in FY-23 across India
In contrast, FY-22 saw 44 land deals for approx.1,649 acres closed FY-23 saw over 76 land deals for approx. 1,059 acres closed in top 7 cities: the remaining 11...
Get Pre-Lease Apartment Rentals for Off-Campus Housing in Austin, TX, with The Westside Group
Austin, TX - Multiple studies have shown that apartments near school, work, and other activities can significantly improve students' overall quality of life. Being nearby from home helps students get...
How Pune’s Cultural Quotient Boosts its Real Estate Market
- by Akash Pharande, Managing Director - Pharande Spaces Pune is renowned for its rich history, culture, and tradition, and is often referred to as the cultural capital of Maharashtra...
Coworking Share in Office Real Estate at 27% in Q1 2023, Up From 14% in Q1 2019
Of over 8.2 Mn sq. ft. net office space in Q1 2023 across the top 7 cities, coworking comprised approx. 2.18 Mn sq. ft.; in pre-Covid Q1 2019, approx. 1.3...
Bengaluru’s Key Areas See Housing Rents Grow Over 20% Y-o-Y in Q1 2023, Beat Other Cities
Thanisandra Main Rd & Marathahalli-ORR in Bengaluru record highest residential rental growth of 24% each on yearly basis in Q1 2023 (for a standard 2BHK home of 1,000 sq. ft....
45% Property Seekers in NCR and 32% in MMR Prefer to Buy 3BHKs – CII-ANAROCK Report
Millennials continue to drive housing demand; in the report's survey segment, 52% participating property investors were millennials End-user - investor ratio at 71:29; of all surveyed end-users, over 77%...
Q1 2023-end Housing Inventory Down to 20 Months from 42 Months in 2018
The lowest inventory overhang in last five years; in Q4 2020, it was the highest at 55 months across the top 7 cities In Delhi-NCR, inventory dropped the most in...
Bhumi Pooja of PDA approved plots in “Navyug Smart Mini City”
● 12.5 Acre Integrated Housing society is RERA registered and approved by Prayagraj Development Authority ● Apartments and Plots have been launched. ● 1/2/3 BHK apartments and 125 plots are...
Housing Sales Breach 1 Lakh Mark in Q1 2023 Amid High-end Homes Demand Boost
Of total 1.14 lakh units sold across top 7 cities in Q1 2023, approx. 24% were in the high-ticket segment priced >INR 1.5 CrQuarterly sales numbers at all-time high; annually,...
India’s Affordable Housing Story – No Happy End in Sight?
- by Akash Pharande, managing Director - Pharande Spaces Affordable housing is about providing decent homes at low prices that are within reach of lower- and lower-middle-income buyers. There...
LML Homes Acquires 5-acre Land Parcel in Chennai for INR 60 Cr
LML Homes, a residential apartments developer has acquired a 5-acre land parcel in Kattupakkam, Chennai - close to the proposed Kattupakkam Metro Rail Station. The value of the purchase transaction is INR 60...
Luxury Home Sales boost revenue collections in Mumbai in Feb. – Up 79% in a Year
Total revenue collected through stamp duty and registration fees in Mumbai in Feb. 2023 is over INR 1,102 Cr while back in February 2022 it was approx. INR 615 CrIn...
Inflation and Housing Prices – Your Time Starts Now
– by Akash Pharande, Managing Director – Pharande Spaces In a recent report on housing prices in the country’s top cities, real estate consultants PropTiger.com found that average residential real...
Add FIRE to Your Homeownership Journey
- by Akash Pharande, Managing Director - Pharande Spaces You're not alone if you harbour a desire to finally buy your own home and get off the rental treadmill. The...
Republic Day – How the Indian Constitution Shaped its Housing Market
- by Akash Pharande, Managing Director - Pharande Spaces India's Republic Day commemorates the enactment of the country's Constitution on January 26, 1950. While the Constitution is fundamentally important at...
Gera Developments to add 2.5 Mn Sq. Ft. to its ChildCentric Homes Portfolio
ANAROCK Capital seals 12.5+ acres land deal in Wagholi, Pune ANAROCK Capital, the capital markets advisory and transactions arm of leading independent real estate services firm ANAROCK Group, has announced the...
4.02 Lakh Homes Completed in 2022 Across Top 7 Cities, Highest in a Year Since 2017
Between 2017-2022, 2019 saw second-highest annual completion of more than 2.98 lakh units; 2021 saw approx. 2.79 lakh units completed across the top 7 cities MMR saw maximum completions in...
PE Investors Infuse $1,215 Mn into NCR Real Estate in 9M FY23 – a 58% Y-o-Y Rise
MMR, on the other hand, saw a dip – from $574 Mn in 9M FY22 to $224 Mn in 9M FY23 Chennai also saw increased PE action – from $37 Mn...
Mirae Asset Acquires Grade-A Warehousing Space in India
Mirae Asset Credit Opportunities Fund, a category II AIF has made its maiden acquisition of a logistics facility spread over a 10-acre land in Bhiwandi near MumbaiTransaction advisors ANAROCK Capital...
What the Housing Industry Needs from Union Budget 2023
– by Anil Pharande, Chairman – Pharande Spaces & President – CREDAI Pune-Metro The Indian housing sector did very well in 2022. Recent reports by real estate consultants like Anarock...
Can a New Covid-19 Wave Impact Housing Demand in 2023?
- by Akash Pharande, Managing Director - Pharande Spaces After a prolonged feeling of restored safety and even complacency, we are now looking at the possibility of another wave of...
What Homes Will NRIs Buy in 2023?
- by Akash Pharande, Managing Director - Pharande Spaces NRIs are rightly seen as one of the most important buyer and investor segments in Indian residential real estate. They have...
Millennial Demand to Drive Housing Investment Value in 2023
- by Anil Pharande, Chairman - Pharande Spaces & President - CREDAI Pune-Metro If there is one thing that 2022 proved to the real estate investor, it is that housing...
VitrA ArchiPlan Collection
Every project is unique with different needs. To meet these needs, ArchiPlan Collection is carefully designed by Design Studio VitrA. An ideal solution for homes, hotels, restaurants, cafes and bars,...
Pune Housing Market – Review of 2022 and Predictions for 2023
- by Akash Pharande, Managing Director - Pharande Spaces Review of 2022 Pune's residential real estate market again proved its strength in 2022 as demand increased convincingly after the pandemic....
Transit-Oriented Development – Making Indian Cities Liveable Again
– by Akash Pharande, Managing Director – Pharande Spaces We must prepare for a future of either completely deadlocked, polluted and unlivable urban grids – or successful implementation of Transit-Oriented Development...
Top 8 Cities See 68 Land Deals for 1,656+ Acres in 9M 2022
In contrast, the Jan-Sept. period of 2021 saw closure of just 20 land deals for over 925 acres across these cities Of total land deals in 2022 (Jan-Sept.), nearly...
Integrated Townships – Shelters Amid Urban Chaos
- by Anil Pharande, Chairman - Pharande Spaces & President - CREDAI Pune-Metro The demand for residential property in cities like Pune, where the option is available, is now being...
$3.8 Bn Funding Needed to Meet India’s 223 Mn sq. ft. Warehousing Demand in Next 3 Years
Grade A warehouse absorption rose from 34 Mn sq. ft. in 2018 to 48.5 Mn sq ft in 2021 at a CAGR of 12.6%, supply up from 37.8 Mn sq. ft....
Homes Worth INR 1.56 Lakh Cr. Sold in Top 7 Cities in H1 FY23, Yearly Gain of 119%
Approx. 1,73,155 homes were sold across the top 7 cities in the first two quarters of FY23, against 87,375 in the corresponding FY22 period INR 71,295 Cr total estimated value...
Housing Prices Are Rising – Time to Invest?
– by Akash Pharande, Managing Director – Pharande Spaces For a long time, investors had largely steered away from residential real estate as capital appreciation was almost non-existent, and rentals...
Housing Sales in Top 7 Cities to Create New Peak in 2022, Breach Previous High of 2014
Total housing sales will exceed 3.6 lakh units in the top 7 cities in 2022; the last peak in 2014 saw 3.43 lakh units sold The first 9 months of...
Tamil Nadu Sees 828% 3-year Jump in RERA Projects Registrations, UP Just 22%
Project registrations see a 109% jump in last 3 years – from 45,307 projects on 8 Oct 2019 to nearly 94,513 projects currently Agent registrations touch 69,766 in 8 Oct....
Buying a Home in Times of Inflation – Smarter Than You Think
– by Anil Pharande, Chairman – Pharande Spaces & President – CREDAI Pune-Metro As India tries to adjust to the new realities brought on by the Covid-19 pandemic and then...
Equities, Gold Recover, Housing Gets Lucrative Again
The equities market yielded to the pandemic during the 1st phase and crashed 29% between December 2019 and March 2020 at the onset of the lockdown. Gold appreciated in 1st...
Slowdown – Is the IT/ITeS Dream Run Over for Indian Housing?
by Akash Pharande, Managing Director – Pharande Spaces Over the past few decades, Information Technology (IT) has been a primary driving force behind housing sales in many key Indian cities....
Real Estate PE Investments Log 40% Annual Rise in 1H FY23 – ANAROCK Capital
Investor confidence in Indian real estate is increasing steadily on the back of improvement in the Indian economy despite global headwinds, and the continued robustness of its real estate industry....
How a Construction Ban in Delhi-NCR Would Impact Under-construction Projects
As many as 5.68 lakh housing units are currently under various stages of construction in entire Delhi-NCROf these, more than 4 lakh units (or 70%) are under construction across the...
Festive Season 2022 – What’s In Store for Pune Real Estate?
– by Akash Pharande, Managing Director – Pharande Spaces If the recently published quarterly housing reports by leading real estate consultancies tell us anything, it is that the Pune property...
Profits on Housing Investment – Past, Present, and Future
– by Akash Pharande, Managing Director – Pharande Spaces With so many other options before you, should you invest in residential real estate? Will it be more profitable than mutual...
Coworking Share in Office Real Estate at 20% in H1 2022 from 6% in 2021
Of net office absorption of 20.8 Mn sq. ft. in H1 2022 across top 7 cities, coworking comprised a 20% share; in H1 2021, its share was 6% of 9.33...
Technology – Going Beyond the Real Estate Boost
– by Anil Pharande, Chairman – Pharande Spaces & President – CREDAI Pune-Metro In India, technology now plays a significant role in the growth of not only businesses but society...
Luxury Housing Sales Double to 14% in H1 2022 from 7% in 2019
Approx. 25,680 luxury homes (units priced >1.5 Cr) were sold across the top 7 Indian cities in H1 2022, against 17,740 units in 2019; in H1 2022 itself, sales exceed...
‘Kuberan’s House’ launches the first teaser of the show featuring Sonu Sood
~ Kuberan’s House launches ‘Chal Jeet le Tu Maidan, Apne Banado Pehchan’ teaser targeting the new India ~ Kuberan’s House, the first and one-of-its-kind show dedicated to boosting the start-up...
15th Edition of Brigade Showcase, from 29th to 31st July 2022
The 15th edition of Brigade Showcase that will feature over 35 projects from Brigade Group will commence on 29 July 2022. Open to the public from 10 AM to 8...
“Fintech and NBFCs Partnership can Bring Credit Revolution in the Country” PayPoint India MD Ketan Doshi
Mumbai, Maharashtra, India Mr. Ketan Doshi, Managing Director of PayPoint India, while addressing a webinar organized by the ASSOCHAM, said that “Fintech companies can bring efficient onboarding of customers and...
In 2021, Indian real estate has gained significant amount of the lost ground: Colliers
- Office space demand in 2021 to surpass average gross absorption between 2016-2018 - Residential PE investments during January-September 2021 stood at USD420, surpassing the volumes of the whole of...
Eco-friendly Housing Essentials that a Homebuyer Needs to Focus on
As the world reels from the damaging effects of climate change, every bit done to minimise environmental degradation will go a long way in saving the planet. With consumers becoming...
The Leela Palaces, Hotels, and Resorts Announces the Opening of the Leela Bhartiya City Bengaluru, Hotel convention Centre, and Private Residences
BENGALURU, India, Oct. 18, 2021 /PRNewswire/ — The Leela Palaces, Hotels, and Resorts announced the opening of their second hotel in the Garden City, The Leela Bhartiya City Bengaluru. Nestled amidst the...
Agrim HFC launches www.apnagharkhoj.com, India’s first affordable home search site
With the motto "Ab Ghar Lena Asaan" Apnagharkhoj aspires to reach out every potential homebuyer in the informal and self-employed segment Offers "Green rating" to projects showcased on the website MUMBAI,...
Sapio Analytics, Prime International Joint Venture Launches AI Surveillance for Critical Infrastructure
Mumbai, Maharashtra, India Government Advisory firm Sapio Analytics, headquartered in Mumbai, and global technology group Prime International, headquartered in Sao Paulo Brazil, have joined hands to transform security and surveillance for...
NBHC Makes Foray into Digital Auctioning and Trading of Agri-commodities via Krishi Setu Web App
Influences the power of Farming and Digitisation with ease for Farmers, Traders & Processors to buy or sell commodities with Actual Price Discovery Mumbai, Maharashtra, India National Bulk Handling Corporation...
In the Cradle of Luxury and Positive Energy: Aditya Kilachand Launches ‘Avas Wellness Living Project’ in Alibaug
Mumbai, Maharashtra, India With health and wellness taking centre stage, people today are looking for ways to enhance their everyday quality of living. Bringing together and building a community of...
Realty ONE Group to Open in Spain
The Country is a Strategic Gateway to Realty ONE Group International's European Expansion LAS VEGAS, June 9, 2021 /PRNewswire/ -- Realty ONE Group, a modern, purpose-driven lifestyle brand and ONE...
Thrive in Abu Dhabi Programme Launched to Encourage Global Talent, Investors to Build their Futures in the Emirate
Talented professionals and students, and investors, in priority sectors are being encouraged to set down roots with their families in Abu Dhabi as part of a new programme that supports...
Mangaluru becomes Data Driven with Integrated Command Control Centre
Chennai, Tamil Nadu, India The Integrated Command Control Center (ICCC) of Mangaluru, a part of the smart city project, being implemented by Mangaluru Smart City Limited, enables the city administration to take strategic...
Puravankara Brings Cheers to Homebuyers
Bangalore, Karnataka, India Puravankara Limited, one of India’s largest developers, known for its innovative theme-based project across India. In its endeavour to offer homebuyers world-class abodes to live, the company today...
Puravankara Brings ‘WorldHome Collection’, its Ultra-luxury Line of Homes to Chennai
Chennai, Tamil Nadu, India Puravankara Limited, one of India’s largest and reputed residential builders, introduced its Ultra luxury residential ‘WorldHome Collection’ segment in Bangalore, in late 2019. It aligns to its...
Chennaiproperties.in Conducts ‘Digital Property Fair 2020’
Chennai, Tamil Nadu, India Chennai properties conducts ‘Digital Property Fair 2020’, a first-of-its kind online expo. The ‘Digital Property Fair 2020’ exhibits live listings of Apartments, Individual houses, Land/Plots, and Commercial properties under one...
Our Primary Purpose is to Offer Real Wealth for Every Indian: BBG MD Mallikarjun Reddy
Hyderabad, Telangana, India Building Blocks Group is a leading real estate company in Telangana & Andhra Pradesh that fulfils the dreams of owning a piece of land by driving opportunities in...
Asian Paints Launches a New Service to Create the Home of your Dreams
The new normal of living primarily at home has people rediscovering the love for their home and personal space. The Indian consumer has always had a very emotional relationship with...
Mangal Keshav Securities Limited gives Buy Call on Generic Engineering Constructions and Projects Ltd.
Mumbai, Maharashtra, India Mangal Keshav Securities Limited has given a Buy Call on BSE listed Generic Engineering Constructions and Projects Ltd. (GECPL) with a target price of Rs. 106. The report further said that...
Karda Constructions Ltd. Registers Impressive Growth in Q4 FY20 YOY
Nashik, Maharashtra, India BSE listed, Real Estate Giant, Karda Constructions Ltd., with Presence across all segments – Low, Medium and Premium, has achieved a turnover of Rs. 114.12 cr in FY20...
BBG (Building Blocks Group) Resumes its Operations Following the Guidelines Issued by the Government of Telangana
Hyderabad, Telangana, India Adhering to the guidelines by Telangana Government, Building Blocks Group (BBG), South India’s fastest growing plotted development developer (real estate) has resumed its operations in both Telangana & Andhra...
HomeLane Posts Revenue of Rs. 230.4 Cr in FY20, Reduces Losses by more than 30%
Bengaluru, Karnataka, India HomeLane, India’s preferred home interiors company, today announced its unaudited financial results for FY20, posting a 130% jump in its operating revenues, from Rs. 99.95 crore last fiscal to Rs....
COVID-19 to Reduce Housing Sales by 25-35%, Office Absorption to Fall 13-30% – ANAROCK
Mumbai, Maharashtra, India ANAROCK’s latest report ‘COVID-19 – Will it Reset Indian Real Estate?‘ takes a hard look at how the ongoing pandemic is impacting Indian real estate. No sector will...
PNB Housing Finance Limited Awarded ISO 27001:2013 Standard
PNB Housing Finance Limited, one of the leading housing finance companies has been awarded for registration of ISO 27001:2013 standard. The ISO certification is the international standard that provides the...
The Ultima by DLF Bags the Honour at ET Now 2020 Global Real Estate Congress
DLF has been awarded by the ET NOW 2020 Global Real Estate Congress for their project The Ultima in New Gurugram. The Ultima wins the crown for luxury property of...
Investors Clinic opens its third international branch in Doha
The leading real estate consulting company, Investors Clinic opened its new wing in Doha, Qatar after remarkable success in Dubai. The Qatar branch will expand Investors Clinic’s business model further...
South Mumbai Witnesses Surge in Demand for Luxury Real Estate
Mumbai, Maharashtra, India Regardless of the dwindling economy, Mumbai witnesses a spike in the demand for luxury real estate, and developers are preparing to cater to the demand. Raheja Vivarea...
UniAcco International Student Accommodation Platform Raises $1 Million
With a long term aim to disrupt student accommodation space in India, UniAcco raises seed funding from Adventum Offshore, an investment and wealth management firm. India's newest entry into the startup world,...
Investors Clinic launches Year End Property Sale Fiesta
Investors Clinic, one of the leading real estate consultancy firms, will launch an exclusive Year End Property Sale Fiesta. The property festival will offer on spot loan approvals, heavy discounts,...
Overwhelming response to the launch of Supertech “Skyvillas” organized by Investors Clinic
Investors Clinic organized the launch of 'Skyvillas' with a wine and cheese evening at the Supertech Supernova. Investors Clinic customers were able to preview the glitz of the extravagant luxury...
Prodi Enters Sri Lanka with Twisting Scoops
. Company to design Sri Lankan Stores for the Turkish Ice Cream Chain. Sri Lanka is the sixth international design market for Prodi Prodi, the specialised industrial interior design company...
Bhutani Infra announces the launch of Startup Nation – Bharat Badho Abhiyan
Targets 500 start ups to have their own office in first phase In its bid to promote Startup culture in Delhi NCR, especially in Noida- Greater...