Saying that Covid-19 has had an unprecedented impact on the hotels sector in India is putting it mildly. We anticipate the overall Indian hospitality sector (including organised, unorganised and semi-organised operators) to incur an estimated total revenue loss of approximately Rs 90,000 crore in 2020. By Mandeep Lamba The occupancy and average daily rate (ADR)
Severely impacted by Covid-19, Indian cities in 2020 saw the addition of just five new malls spanning ~2.75 mn sft area. Among the cities that added the new mall supply are Gurugram, Delhi, Lucknow, and Bengaluru. The supply is far less than the previously predicted numbers. “Before the Covid-19-catalyzed lockdown in March, our research indicated
The country will spend $500 billion (Rs 37 trillion) a year by 2030 to accommodate its rapidly expanding population, according to the latest report by the international construction and consultancy firm Mace. The report, ‘A Blueprint for Modern Infrastructure Delivery’ states that since the global Covid-19 pandemic took hold at the start of 2020, infrastructure
Previous year trends suggest that housing sales across top cities in the festive quarter (Oct-Dec) mostly saw an uptick – anywhere between 5-10% – over the preceding quarter. This is largely because the festive season is considered most auspicious for property buying in India and developers also roll out various schemes and offers to fuel
Amidst several Covid-19-induced changes within the Indian real estate, many developers are now mulling the viability of incorporating coworking spaces in their residential projects to align with the new work-from-home (WFH) realities. There are at least two possibilities – retrofitting co-working spaces into existing clubhouses, and incorporating such a feature at the very design stage
With Covid-19, real estate developers in India are suddenly faced with the need to rapidly adopt technology to get property sales going. Anarock research indicates that while homebuyer enquiries have increased by more than 50% post the nationwide lockdowns, a large part of these enquiries is generated online. By Sunil Mishra This is unlikely to
The Covid-19 pandemic may be giving a new lease of life to the previously lacklustre second homes market. Urgent travel to motorable holiday destinations brought on by prolonged travel abstinence and outright claustrophobia is only one aspect. ‘Revenge tourism’ has helped the hospitality sector in motorable holiday destinations around the large cities. By Santhosh Kumar
Food and grocery, followed by apparel, Fast Moving Consumer Durable (FMCD) and electronics, furniture and home furnishings and Quick-service Restaurant (QSR) will see a V-shaped recovery within the next 2-3 quarters, reveals the latest report ‘Indian Retail – Certainty Despite Headwinds’ by Anarock & Retailers Association of India (RAI). Other segments like beauty, wellness and
Covid-19 may reshape the future of the senior living segment in the country, with demand for such homes set to zoom up amid the present uncertainties. There is only a limited supply in this segment, via 55 projects by the top 12 players in this segment – 60% in tier-II cities and the remaining 40%
Anarock Retail has forged a strategic partnership with international retail design and delivery specialist Vindico to offer comprehensive services to ensure the success of retail stores in the post-pandemic world. Innovations in construction and project delivery will play a major role in this highly disrupted industry. “The Anarock-Vindico partnership will deliver scientific, success-oriented design solutions
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