Anuj Puri Real Estate Guru

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: Over 81,300 Unsold Homes are Ready for Possession in Top 7 Cities

As on Q3 2019 end, 6.56 lakh units were unsold across the top 7 cities - nearly 12% are ready-to-move-in MMR has maximum ready homes with approx. 21,000 units, followed by NCR with 16,800 units & Pune with 14,260 units In Chennai, nearly 32% of total unsold inventory is ready-to-move-in; 17% in Bangalore; NCR & MMR have just 9% each of unsold ready homes in their overall unsold stock Of total 81,300 ready homes, 35% are in the affordable segment while 13% (approx. 10,000 units) in premium segment priced >INR 1.5 Crore

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India: RERA Sees 40% Rise in Project Registrations in a Year

45,307 projects registered across the country as on 5th Oct. 2019 against 32,306 projects registered in September-end 2018  Maharashtra, Gujarat, Karnataka, Madhya Pradesh & Uttar Pradesh lead in project registrations among states & UTs; these 5 states together comprise 81% overall share Assam, Chandigarh, Daman & Diu and Puducherry see projects registrations for 1st time in a year Agent registration sees 54% rise in a year; nearly 35,644 real estate agents registered across India Over 27,970 cases disposed by concerned Authorities across states; maximum in Uttar Pradesh comprising 41% share (or 11,596 cases)

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The Real Deal in Festive Season 2019

Top 7 cities saw housing sales improve by 51% in Q4 2018 against Q4 2017 Sales in the festive quarter of 2018 were 69,860 units  City-wise sales increases in festive season 2018 Affordability – prices rose just 14% across the top 7 cities between 2013 and Q3 2019

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Repo Rate Cut of 25 bps – A Notional Nudge

In the April-June 2019 quarter, India's GDP grew only by 5% - the slowest pace in over six years. Consumers are spending less on everything from FMCG to automobiles – and, of course, real estate. Naturally, the sector eyes RBI's monetary policy for cuts in the key lending rates to support the various measures taken by the government to boost consumption sentiment.

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India: Housing Absorption Dips 20% q-o-q, New Launches Down 34% in Q3 2019

Top 7 cities saw 55,080 units sold in Q3 2019 against 68,600 units in Q2 2019; yearly decline recorded at 18% over Q3 2018. New launches fell from 69,020 units in Q2 2019 to 45,230 units in Q3 2019, 13% y-o-y decline from 52,130 units in Q3 2018. Kolkata & Chennai see lowest quarterly sales drop of 12% each; Hyderabad records highest drop at 26%. Unsold inventory in top cities declined meagrely by 1% – from 6.66 lakh units in Q2 2019 to 6.56 lakh units in Q3 2019; Hyderabad sheds maximum unsold stock of 5% in a quarter. 41% new supply of Q3 2019 in affordable segment, 36% in mid-segment (priced INR 40-80 lakh). Property prices largely remained stagnant across cities. Recent Govt. sops boost sentiment at onset of festive season; housing sales may increase in upcoming quarters.

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