According to a report by CII-ANAROCK titled “The Housing Market Boom,” 45% of property seekers in NCR and 32% in MMR are inclined to purchase 3BHKs. The report revealed that 52% of participating property investors were millennials, highlighting that millennials continue to drive housing demand. The end-user-investor ratio stands at 71:29, and over 77% of…
According to ANAROCK Research, the inventory overhang in the top 7 cities in India fell to a record low of 20 months by the end of Q1 2023, down from 42 months in Q1 2018, marking a five-year low. By Q1 2020, the top 7 cities had seen the highest inventory overhang of 55 months….
Ministry of Housing and Urban Affairs organised a campaign to recognise and celebrate the transition to women-led sanitation from women in sanitation. To celebrate this it organised a series of events and activities across cities. It particularly also aimed at making the Garbage Free Cities mission a success. The 3-week campaign culminated in a Swachhotsav…
A skilling project launched by Housing and Urban Affairs, called the National Initiative for Promoting Upskilling of Nirman Workers (NIPUN), has successfully progressed. For this NAREDCO organized training programs for the construction workers engaged in common central secretariat building project 1,2 and 3 of the of the central vista project. It’s being developed by L&T….
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…
