Anuj Puri

PRADHAN MANTRI AWAS YOJANA: RS 8.31 LAKH CR INVESTMENT APPROVED

August 10, 2022

In Finance Minister Nirmala Seetharaman’s words, India stands on the threshold of Amrit Kaal, or the ‘Era of Elixir’. Regarding the country’s real estate sector, we can be a little more restrained with such definitions. Still, there is little doubt that the industry has made remarkable progress since it attained...

Real estate sector pins hope on Union Budget 2022-23

January 11, 2022

The residential sector witnessed a strong comeback in 2021, with housing sales in the top 7 cities rebounding to 90% of pre-COVID levels and new launches reaching 2019 levels. While the housing sector’s prospects generally look upbeat in 2022, it remains to be seen to what extent, if any, the...

At 63%, Bengaluru and Chennai top out on branded housing supply share

December 5, 2020

With consumer preferences tilting towards branded products over the last few years, the share of homes by branded players is on the rise across the top 7 cities. As per ANAROCK data, out of the total new housing supply in year 2015 (approx. 3.90 lakh units), branded players’ share accounted...

Indian data centres draw $396 million investment in 2020 so far: Report

November 20, 2020

Data centre industry revenue grew 3X in last 6 years – from USD 386 mn in 2014 to USD 1.01 bn in 2019 At least USD 7 bn leveraged capital investment committed or in stages of being deployed India’s ~126 third-party data centres owned / operated by 53 players, but...

MMR, Pune saw highest festive housing sales boost in last five years

October 27, 2020

• In Q4 2020, sales in MMR & Pune set to rise by 36% & 34% q-o-q respectively – highest among all cities • Q3 2020 sales in MMR stood at 9,200 units, 4,850 units in Pune • In 2015, MMR & Pune only cities to see housing sales rise...

Homes worth Rs 88,730 crore sold in top-7 cities in Jan-Sept 2020

October 14, 2020

Severely impacted by the COVID-19 pandemic, the top 7 cities saw homes worth approx. INR 8 8 ,73 0 crore sold in the first three quarters of 2020 as against ~INR 1,54,320 crore in the corresponding period of 2019. This is a 43% decline, with total value reduction amounting to...

Co-working spaces may come up in residential projects

October 8, 2020

This return migration would not impact larger co-working spaces meant to draw footfalls from all around—the demand for such spaces is strong and growing. However, it would be interesting to see how relevant co-working spaces exclusively for residents will be when the pandemic and its disruptive impact on work location...

Will the 74th year of Independence usher in affordable rental housing?

August 15, 2020

• Covid-19 prompts govt. to shift gears on flagship ‘Housing for All by 2022’ and usher in affordable rental housing complexes (ARHCs) • Absence of affordable rental housing in top cities caused a mass exodus of migrants during lockdown; ARHCs aims to make cities future-ready during such exigencies • Monthly...

Housing for all by 2022: Affordable rental housing policy to be implemented

July 29, 2020

The Cabinet approval for development of affordable rental housing complexes (ARHC) for urban migrants and poor is indeed a praiseworthy move which will significantly help fulfil the government’s ambitious ‘Housing for All by 2022’ initiative. Under this scheme, vacant government-funded housing in urban cities will be converted into ARHC via the PPP...

Will the govt partner with developers to revive housing in 2020?

June 20, 2020

So far, 2020 was a nightmare for most industries, including Indian real estate where COVID-19 collided with all segments, causing varying degrees of damage. Commercial office space growth – on a bull-run over the last six years – has also hit the pause button as many large companies explore the...