Delhi-NCR received 63% funds of the total USD 970 mn PE inflows in Indian retail in 2019, followed by Hyderabad with a 20% share
Of the total new mall supply, the top seven cities alone will see 69 new malls spread over 35.5 mn sq.ft. area. The remaining 31 malls over 13.5 mn sq.ft. will come up in tier 2 & 3 cities such as Ahmedabad, Lucknow, Indore, Surat and Nagpur, it said in a statement.
The demand of these luxury flats is now driven by end users - high net worth individuals and non resident Indians, it added.
The government should relax the price cap of Rs 45 lakh in its definition of affordable housing so that more people can benefit from tax sops, the consultant demanded.
Indian retail sector attracted $ 1.9 billion private equity funds between the first quarter of 2015 to the first quarter of 2019.
Southern cities of Bengaluru, Chennai and Hyderabad see maximum inflows, followed by Mumbai and Pune
Real estate players with high-recall brands account for a whopping 56 percent share of the total housing supply in 2018.
From an investment of $600 million during 2015-2016 calendar years, private equity inflows in retail real estate jumped to over $1.2 billion between 2017 and 2018.
Anarock, which was formed by Puri in April 2017 after he quit global property consultant JLL, had posted a revenue of Rs 93 crore in the 2017-18 fiscal, the first year of its business.
These 5.6 lakh flats were launched before 2013 in these seven cities -- National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune.
At the city-level, Mumbai continued to be the most-preferred destination for overall PE investments, seeing nearly 38 percent of the total capital inflows in 2018
Measures such as demonetisation, new realty law RERA and GST did cause some pain for the sector in short term but would prove beneficial in the long run.
The maximum reduction in average property sizes was seen in the budget housing segment priced less than Rs 40 lakh
Mall developers are rapidly infusing new retail developments across the top seven cities.
The company achieved a turnover of around Rs 90 crore last fiscal and is likely to more than double its revenue and be profitable in the current 2018-19 fiscal, Anarock founder and Chairman Anuj Puri said.
They saw collective office space absorption of nearly 21 million sq ft as against just 6 million sq ft in entire NCR
According to a report, housing sales in the main southern cities collectively rose by 20 per cent as against 18 per cent rise in the north and 15 per cent in the west.
According to Anarock data, all major co-working deals in 2018 happened around the CBD (central business district) areas of cities.
Issue of stalled projects needs to be addressed by the government or else the recovery of the residential sector will remain compromised
In 2014, market regulator SEBI had notified the REIT regulations but the country is yet to see the first launch of such a trust. REITs are listed entities that invest in income-generating properties and distribute most of the income through dividends to unit holders.
During 2018, housing supply rose by 32 percent to 1.93 lakh units in the seven cities -- Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad and Pune.
The unsold housing stock in Bengaluru stood at 76,500 units at the end of July-September quarter (Q3 of 2018 calendar year), down 25 per cent from 1,02,740 units in the year-ago period.
The NBFC sector is under crisis since last month when it came to light that IL&FS group defaulted on short-term loans.
The Delhi-NCR, a major property market in the country, saw sales of 31,550 units during January-September 2018 as against 29,400 units in the corresponding period of the previous year.
"The Indian retail sector is on a faster roll than ever before. Rapid urbanisation and digitisation, rising disposable incomes and lifestyle changes - particularly of the middle-class - are acting as booster rockets for the Indian retail sector, which is projected to grow from USD 672 billion in 2017 to USD 1.3 trillion in 2020," said Anuj Kejriwal, MD and CEO – ANAROCK Retail.