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.
India's financial capital or the seat of power and politics - Delhi or Mumbai. Which is the better city to live, travel or invest in? There is no easy answer.
Indian real estate was devoid of any appreciable forward momentum in 2019. Dwindling consumption, lacklustre investment appetite and the global slowdown overshadowed all possibilities for growth. India's GDP growth rate stuttered and sunk to a six-year low of 4.5% in Q2 FY20.
New housing supply at Dombivli was >7,130 units in 2019 with avg. property prices at INR 6,597 / sq. ft. on built-up. Panvel in Navi Mumbai scores 2nd rank, followed by New Gurgaon (in NCR) at No. 3. 4th and 5th spot taken by MMR's Badlapur and Pune's Mahalunge respectively. Bangalore's Electronic City (at 9th place) saw maximum increase of 11% in avg. property prices between 2016 and 2019. Of the top 10 micro markets, avg. property sizes highest in Hyderabad's Kondapur (10th rank) at 1,630 sq. ft. No localities in Chennai & Kolkata feature in the top 10 list.
In an important trend in Indian real estate over the last 3-4 years, ready-to-move-in homes are in and under-construction homes are ... well, not so in.
Contrary to overall expectations, the RBI kept the repo rates unchanged to 5.15% while maintaining an accommodative stance.
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