Nearly 80% of the overall residential projects launched between 2013 to first half of 2018 in Navi Mumbai were in the affordable to mid-income segment with price bracket of less than Rs 40 lakh and Rs 40 lakh to Rs 80 lakh, respectively, showed a report by ANAROCK Property Consultants and developers’ body CREDAI. “If […]
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 […]
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 […]
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 […]
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 […]
By Anuj Puri, Chairman – ANAROCK Property Consultants Co-working spaces have redefined the work culture globally and India is one of the most fertile grounds for the growth of this new work environment option. From simple workplace with ungainly desks and chairs to much better-utilized spaces, automation and even added recreational facilities, office space structures in […]
By Realty Quarter Bureau The government’s move to hike the carpet area of homes eligible for interest subsidy under the Pradhan Mantri Awas Yojana for the middle-income group, will give a much needed push to home sales, especially in tier-II and III cities, say experts The Ministry of Housing and Urban Affairs, on June 12, […]
By Anuj Puri, Chairman – ANAROCK Property Consultants The housing ministry’s decision to tweak the eligibility criteria for MIG-I and MIG-II home buyers for houses eligible for interest benefit under PMAY is a phenomenal move to boost sales of large-sized apartments. As per the revised norms, MIG-I category home buyers with household income between ₹ […]
By Anuj Puri, Chairman – ANAROCK Property Consultants Across the globe, 5th June is celebrated as World Environment Day, which is the principle platform of the United Nation to create more awareness and action towards protecting Earth’s environment. This day has a very special significance for the real estate sector Over the past few decades, fast-paced […]
By Anuj Puri, Chairman – ANAROCK Property Consultants Over 30 new shopping malls covering 14 million sq. ft. of area expected across top 8 cities by 2020 Indian retail pegged to grow by 60% to reach US$ 1.1 trillion by 2020 Tier 2 cities fast catching up with the metros Rapid urbanization and digitization, increasing disposable incomes and […]
