Q3 housing sales dip 11% across top 7 cities; office demand soars 31%
Q3 housing sales tapered down amid high prices and monsoon. The ‘shraad’ period also suppressed some demand; Bengaluru and Hyderabad drove over half of Q3 space uptake
Q3 housing sales tapered down amid high prices and monsoon. The ‘shraad’ period also suppressed some demand; Bengaluru and Hyderabad drove over half of Q3 space uptake
Record sales in residential segment and an office boom stoke investor interest for that extra yield.
Equity investments preferred choice for PE investors; its share rise to 89% in first half of fiscal year
Amongst the top 7 cities, Mumbai Metropolitan Region (MMR) recorded the highest sales of 38,500 units in September this year, up 46% YoY against 26,400 units in the same period last year.
Eight billionaires from real estate make it to this year's list of wealthiest Indians as the sector continues to remain resilient post-pandemic.
Delhi-NCR and MMR see housing sales surge by 46% and 49% YoY; Anarock attributes the surge to "unwavering appetite for homeownership"
Top 10 deals account for 69% of the total value of PE investments in FY23; average ticket size declines from $86 mn in FY22 to $72 mn in FY23
As per ANAROCK Research, the first nine months of 2021 saw 27% higher new residential supply than the full-year supply in 2020 across the top seven cities
About 1.74 lakh homes—launched in 2014 or before—that are stalled continue to plague the Indian residential market.
For homebuyers, the extension of previously announced incentives comes as a breather; commercial real estate gets a boost with TDS exemption for REITs, which will address the liquidity situation.