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.
Total 4 lakh units are stuck in various stages of non-completion across budget segments that don’t fall under NCLT; all units launched during 2013 or before. Of this, nearly 63% (or 2.5 lakh units approx.) are within affordable & mid segments (sub INR 80 lakh budget) across top 7 cities. Long wait to continue for 37% or approx. 1.5 lakh premium homes. Approx. 92,350 delayed units in MMR could get new lease of life, followed by 67,240 units in Pune. Even excluding projects under NCLT, at least 60,700 units in NCR can get revived. These numbers will shrink down a little as projects under NPAs not included.
Other than auto & auto ancillary industries, Chennai's realty market banks heavily on IT/ITeS & electronic hardware Chennai housing sales saw 25% yearly rise in H1 2019, higher than Hyderabad’s 12% and Bangalore’s 9% Demand by mid-level IT/ITeS & automobile sector employees give major traction to sub INR 80 lakh budget housing City's real estate sector drew nearly USD 2 billion of institutional investments since 2015 - nearly 14% of total capital deployed in the country
With India continuing its face-off with economic slowdown across sectors, the government is on top of its game and taking a heads-on approach to address key issues and support major sectors - including real estate – and give a shot in the arm in these stressful times. In its endeavour to address one of the major issues - of stalled projects within real estate due to fund crunch - the government, as demanded, has created a special window to provide last-mile funding requirements for housing projects that are non-NPA and non-NCLT and yet are stuck due to lack of funding. INR 10,000 crore will be contributed towards this by the government of India.
The verdant expanse of Aarey forests in suburban Mumbai turned into a battleground between environmentalists and authorities. Triggering this confrontation was the BMC-appointed Tree Authority’s clearance to cut almost 2,700 trees in the area to construct a car shed for the upcoming metro line.
South Mumbai's Tardeo is India's most expensive luxury residential location in the primary (first sale by developer) residential real estate market. Luxury properties here come with an astronomic average price tag of INR 56,200 per sq. ft. Research by ANAROCK reveals that over the last seven years, this tony location in the financial capital recorded a new launch supply of over 1,100 units in the premium segment with average size of 1,690 sq. ft.
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