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.
Despite the spiralling COVID-19 pressures across the country, the Indian housing sector made a decisive comeback in Q3 2020 with sales and new launches rebounding to 65% and 79% of the pre-COVID-19 levels (Q1 2020) respectively.
Amidst controlled new housing launches, the residential sales-to-supply ratio has improved to 1.36 currently, as against 0.63 in 2014, reveals the FICCI-ANAROCK report Indian Housing Sector: Disrupted, Transformed & Recovering released at the 14th Annual FICCI Real Estate Summit 2020 today.
COVID-19 has underscored the advantages of self-managed mini-ecosystems with higher safety & security, open spaces, sanitation & control Top 7 cities have just 101 integrated township projects (launched since 2010 till date) with 3.16 lakh housing units; this is nearly 2% share of overall projects launched during the period Of this total, 57 projects are largely residential with basic facilities like a small retail shop, pharmacy etc.; remaining 44 are mixed-use developments with dedicated retail, entertainment, education, commercial, health & residential spaces NCR has maximum integrated townships - 42 projects with approx. 1.33 lakh units, followed by MMR with 17 projects having >63,500 housing units
With states like Maharashtra and Karnataka mulling a reduction in stamp duty and registration charges, the festive season - beginning with Ganesh Chaturthi - may get a very real shot in the arm. Both a one-time waiver for first-time homebuyers and an outright cut of stamp duty charges could be festive season gamechangers.
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