The women have emerged as a key homebuyer segment as per a recent ANAROCK consumer sentiment survey in which 83% women respondents have been looking at homes priced above INR 45 lakh. As per this survey, Rs 45 – 90 lakh budget range for buying house is the sweet spot for 36% of women and…
Property consultants Jones Lang Lasalle (JLL) in association with the women’s wing of National Real Estate Development Council (NAREDCO), unveiled a joint report at the 2nd NAREDCO Mahi Convention held recently in New Delhi. As per estimates, there are 7 million women participants against their 50 million male counterparts. The report also highlights that in…
Demand in the housing segment has soared and so the prices have also gone up post the pandemic in the years 2021 and 2022. Another reason has been the branded developers have hiked their property prices due to high demand and the rising cost of construction. The average property price in Hyderabad has reached INR…
The real estate sector witnessed record high housing sales last year across the top seven cities including Mumbai Metropolitan Region (MMR), NCR, Pune, Bengaluru, Kolkata, Hyderabad and Chennai. According to ANAROCK report over 4.02 lakh homes were completed in 2022 in all these cities. MMR saw the highest number of completed homes- approx. 1,26,720 units…
The year 2022 has witnessed a rebound in Indian retail market which has further fuelled the growth in this segment all across the country, according to a report- ‘India Retail Real Estate: REvived, REshaped, & REinforced’- by ANAROCK and Retailers Association of India (RAI). Enthused by this scenario, the real estate developers are now planning…
As we are all set to wind up the year 2022, it’s time to review it in terms of the top trends that prevailed in the country’s housing market this year. Taking a cursory look on the top trends that prevailed in this segment of the industry, ANAROCK Group in its recent report states that…
According to a joint report by property consultants ANAROCK and leading law firm, Khaitan & Co, Insolvency & Bankruptcy Code (IBC) has resulted in settlement of 66% of the admitted claims in real estate sector in comparison to just 31% of admitted claims realised in other sectors. Real estate consumers have very important avenue for…
Despite increased interest rates and basic property cost, the top 7 cities saw homes worth INR 1,55,833 crore sold in the first half of FY23, rising by 119% on yearly basis. The overall value of units sold in the corresponding period of FY22 was approx. INR 71,295 crore. Between April and September 2022, approx. 1,73,155…
National Real Estate Development Council (NAREDCO), an autonomous self-regulatory apex national body under the aegis of Ministry of Housing & Urban Poverty Alleviation, celebrated its foundation day. It was also an occasion to mark the 24 years of existence of NAREDCO, which was established in 1998. Speaking on the occasion, Gautam Chatterjee, Founder and Chairman…
With an aim to address the difficulties related to construction and land that the developers of warehousing confront, the National Real Estate Development Council (NAREDCO) has signed an MoU with Warehousing Association of India (WAI). NAREDCO— the apex real estate body under the aegis of Ministry of Housing & Urban Affairs— together with WAI will…
