Anuj Puri, Chairman of ANAROCK Group is a highly respected industry authority and thought leader with 30 years' experience in leveraging Indian and global real estate opportunities. His company ANAROCK has a staff complement of over 1800 qualified and experienced professional, with offices in all major markets in the country, dedicated services in Dubai and a global footprint with over 80,000 preferred channel partners.
The slowdown in Indian residential real estate over the last few years caused most high net-worth individuals (HNIs) to shun luxury housing and look at other investments within or outside real estate. However, ANAROCK’s latest study indicates that HNIs are now using the tail end of the slowdown in India’s luxury residential market to their advantage.
Can other asset classes like mutual funds or equities or stocks outpace real estate in the long run?
As widely anticipated, RBI has once again reduced its key lending rate by 25 basis point.
Luxury housing in South-central Mumbai is rarely out of the news. Mumbai's legendary playing ground of Bollywood celebrities and high-flying business tycoons has been a constant magnet for HNIs and UHNIs from both within the city and beyond, and everyone from start-up founders to C-Suite professionals has an inherent yen to live here.
Top 7 cities' unsold inventory declines from 50 months in Q1 2017 to 30 months this quarter Unsold inventory in Delhi-NCR drops to 50% - from 90 months in Q1 2017 to 45 months in Q1 2019 Bangalore & Hyderabad’s current inventory levels at all-time low of 15 months each Pune’s unsold inventory at 28 months, followed by Chennai with 30 months; MMR & Kolkata with 35 months each Top 7 cities' cumulative unsold stock declines by 16% in 2 years - at 6.65 lakh units in Q1 2019
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