The domestic real estate is bracing itself for a very new post-Covid-19 world. One significant trend may be reverse migration spurring housing demand in tier-II and III cities, according to the latest report by real estate consultancy firm Anarock Property Consultants. According to Anarock’s report titled ‘India Real Estate: A Different World Post COVID-19‘, currently, the
In the first of the series of announcements by Finance Minister Nirmala Sitharaman to spur economic growth and build a ‘self-reliant’ India, the government has offered a “major” boost to the real estate sector, NBFCS/HFCs, and MSMEs, Anuj Puri, chairman, Anarock Property Consultants said. “Providing major relief to real estate developers, the government has extended
The commercial real estate has been a reliable mainstay of the domestic realty sector. It remained “vibrant” even when residential property was in the doldrums. Now, the coronavirus has thrown a serious spanner into the “works” of the lucrative real estate segment for at least next two quarters, says Ashutosh Limaye, director & head –
Multi-level warehouses within city limits may well be Indian real estate’s next big thing in a market completely transformed by the coronavirus pandemic. The compulsions of faster E-commerce growth in a post-pandemic world can kick-start demand for tech-enabled multi-storey warehousing. Such solutions are already in place in the South Asian countries and regions such as
In a major move to boost liquidity in the market, RBI on Friday announced several additional measures to accelerate the economy and facilitate bank credit flows in lockdown 2.0. Among the various measures announced, its allotment of Rs 10,000 crore to National Housing Bank is a “big move” for the real estate sector reeling under
In a major move to kickstart at least some pent-up economic activity, the government has released the guidelines to be followed during lockdown 2.0. Offering some relief to construction sector, the government has permitted activity to resume in non-Covid-19 hotspots, provided they follow strict social distancing guidelines. However, the guideline clearly mentions that no construction
Shedding the old age homes stigma attached to facilities for the elderly, senior living homes have become a respectable real estate category – one which, in times of the COVID-19 scare, gains even more relevance. The aged are a high-risk group for the novel coronavirus – senior living projects have healthcare staff, scalable facilities and
The top 7 cities may see nearly 2.75 lakh new ready-to-move (RTM) homes over the next one year, provided developers stay on schedule. There are currently 13.1 lakh units, launched between 2014 to Q3 2019, in various stages of construction in the top 7 cities. Nearly 21% are to be delivered by 2020-end. Among the
Top 7 cities’ inventory overhang reduced from 37 months in Q3 2018 to 30 months as on Q3 2019 Bangalore has the lowest inventory overhang among top 7 cities at 15 months; NCR has the highest at 44 months Unsold inventory overhang in MMR & Pune at 34 months and 27 months respectively Chennai &
Homebuyers seeking ready-to-move-in properties in the ongoing festive quarter are spoilt for choice, as nearly 81,300 unsold homes are available across the top seven cities in the category, according to property consultant Anarock. As on Q3 2019 end, approximately 6.56 lakh units were lying unsold across these cities and out of this nearly 12% are
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