Anarock

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

Sans portfolio deals, average ticket size reduced to $93 million

myHQ, which is headquartered in Delhi-NCR, currently has over 50,000 subscribed members across 700+ spaces in seven cities

Approximately 99,550 units sold across the top 7 cities in Q4, according to data from real estate consulting firm

The proceeds from unsold units will be utilised to complete the stalled projects of Amrapali group

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 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

Mumbai-based Anarock is one of the leading housing brokerage firms in the country

Starting 2021, the market is set to witness a healthy double-digit growth rate over the next three years

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.

However, home sales dropped by 58 per cent sequentially

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

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

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

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

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

The National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Bengaluru and Pune have accounted for 84 per cent of the sales in the first quarter of the year.

Companies refute claim, say they have a sizeable number of clients

Besides the traditional segments, the demand for co-living, co-working and senior living is keeping the sector buzzing

Despite low consumer spending in recent times, mall developers remain bullish on the growth potential of organised retail as 100 new malls spanning over 49 mn sq.ft. are scheduled to come up across the country by 2022-end, property consultant Anarock said. Of the total new mall supply, the top seven cities alone will see 69 new malls spread over 35.5 mn sq.ft. area. The remaining 31 malls over 13.5 mn sq.ft. will come up in tier 2 & 3 cities such as Ahmedabad, Lucknow, Indore, Surat and Nagpur, it said in a statement. Region-wise, west and south Indian cities will see almost equal new supply. West India will get 36 new malls over 17.5 mn sq. ft. area, followed closely by South India with 35 new malls over nearly 17 mn sq. ft. The north region will see a supply of 22 new malls spanning over 11 mn sq. ft. area. East India will see a much more modest supply of seven new malls spread over approximately 3.5 mn sq. ft. "2019 was defined by significantly lower retail leasin