Anuj Puri, Chairman – ANAROCK Property Consultants Miracles have been known to happen when a chequebook lies on the negotiation table Stamp Duty Shocker On the real estate market, upward revisions of any kind can doubtlessly hurt. Let’s take the Maharashtra Government’s proposal to levy a surcharge of 1% on stamp duty, effectively raising it to 6% from the existing […]
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By Anuj Puri, Chairman – ANAROCK Property Consultants In any discussion about affordable housing in India today, the fact that a lot of such housing is actually lying vacant is bound to crop up. One may point out that, especially with the Government’s avowed intention of providing Housing for All by 2022, this supply should logically go towards bridging the affordable […]
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By Anuj Puri, Chairman – ANAROCK Property Consultants Affordable Housing Keeps the Momentum Going Unsold inventory down 2% from 7.11 lakh units in Q1 2018 to 7.0 lakh units in Q2 2018 Unsold inventory declined 10% from 7.7 lakh units in Q4 2017 There has been a whopping 50% jump in overall new housing launches in Q2 2018 over the preceding quarter, with […]
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By Prashant Thakur, Head – Research, ANAROCK Property Consultants Despite new launches decline, property prices in Yelahanka did not correct significantly and actually appreciated by 9% in the past 2 years Existing since the 12th century, Yelahanka is closely linked with the origin of Bengaluru. The book ‘Bengaluru to Bangalore’ by T.V. Annaswamy mentions that the word ‘Yelahanka’ is derived […]
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By Anuj Puri, Chairman – ANAROCK Property Consultants The landmark reform of Goods & Services Tax (GST) was, in many ways, the final bullet shot to the Indian real estate sector in July 2017. The industry was already reeling under the immediate impact of DeMo and RERA. GST was touted to be a gamechanger for all sectors including real estate. […]
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By Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants Residential Real Estate The Millennium City of Gurugram has a very prominent place on India’s residential real estate map and is considered a bellwether of the state of the market for NCR. If we study what happened in the city’s housing market in the first quarter of 2018 against the same period in 2017, […]
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By Realty Quarter Bureau The domestic cement sector is expected to post a 6% growth in FY2019 with growth momentum likely to sustain though input costs like power, fuel and freight expenses are likely to put pressure on the operating profitability of cement companies in the coming quarters, ratings agency ICRA has said. Domestic cement production was higher by 6.3% at 298 million tonnes […]
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By Realty Quarter Bureau According to a report by property consultant Knight Frank, co-working companies took up two million sq ft space in the first quarter of 2018 itself, which has exceeded the annual tally of 2017 at 1.8 million sq ft. “With the expansion plans of major players and the increasing appetite for this format from occupiers, property owners […]
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By Anuj Kejriwal, MD & CEO – ANAROCK Retail There is so much talk of the death of brick-and-mortar retail as a consequence of the aggressive advent of e-commerce into the country, when the fact is that shopping malls have just got started in India – and they are definitely here to stay. As developers learn through trial and error […]
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By Prashant Thakur, Head – Research, ANAROCK Property Consultants Project delays are one of the most alarming issues historically dogging the Indian real estate sector. The dearth of effective planning and execution of construction activities, escalating construction costs, approval delays, diversion of allocated funds to other projects and tepid sales are some of the predominant factors resulting in project delays. […]
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