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.
Severely impacted by the COVID-19 pandemic, the top 7 cities saw homes worth approximately INR 88,730 crore sold in the first three quarters of 2020 as against ~INR 1,54,320 crore in the corresponding period of 2019. This is a 43% decline, with total value reduction amounting to approximately INR 65,590 crore during the period.
Amidst its efforts to curb inflation - currently hovering above 6% - RBI, as expected, has kept both the repo rate and reverse repo rates unchanged at 4% and 3.35% respectively while maintaining an accommodative stance.
Amidst several COVID-19-induced changes within Indian real estate, many developers are now mulling the viability of incorporating coworking spaces in their residential projects to align with the new WFH realities.
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