Anarock

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Coronavirus Outbreak: Hotel industry revenue likely to fall by Rs 90,000 cr in 2020 due to pandemic, says report
Business

Coronavirus Outbreak: Hotel industry revenue likely to fall by Rs 90,000 cr in 2020 due to pandemic, says report

India's hotel industry is estimated to face a whopping business loss of Rs 90,000 crore during this calendar year, as all hotels are closed due to nationwide lockdown to control coronavirus disease, according to a report by HVS and Anarock

High-rises account for over 50% of 1,816 housing projects launched across 7 big cities in 2019
Business

High-rises account for over 50% of 1,816 housing projects launched across 7 big cities in 2019

The Delhi-NCR market came next with nearly 70 percent of its total launched projects in the high-rise category.

Bengaluru to take 15 months to clear unsold housing stock, Delhi-NCR needs 44 months: Anarock
Business

Bengaluru to take 15 months to clear unsold housing stock, Delhi-NCR needs 44 months: Anarock

Real estate developers having projects in Bengaluru will take the lowest time of 15 months to clear their unsold housing units, while builders in the Delhi-National Capital Region (Delhi-NCR) may take 44 months to sell surplus inventories, according to property consultant Anarock

Around 5.6 lakh housing units worth Rs 4.51 lakh cr face delays in 7 major cities: Anarock
Business

Around 5.6 lakh housing units worth Rs 4.51 lakh cr face delays in 7 major cities: Anarock

Around 5.6 lakh housing units, worth Rs 4.5 lakh crore in seven major cities are running behind the delivery timelines mainly due to demand slowdown and fund diversion by developers, according to property consultant Anarock

Global property consultant CBRE to hire 3,000 employees in India this year to grow business
Business

Global property consultant CBRE to hire 3,000 employees in India this year to grow business

CBRE's India revenue grew 20 percent during 2018 and expects to maintain its growth even in 2019, he said, but did not disclose the turnover figure.

Unsold housing stocks in NCR decline 9% during 2018; stalled projects still worrisome: Report
Business

Unsold housing stocks in NCR decline 9% during 2018; stalled projects still worrisome: Report

In the data released on Tuesday, the consultant said, housing sales in National Capital Region (NCR) rose by 18 percent during 2018 to 44,300 units from 37,610 units in the previous year.

Housing sale rises 6% in 8 major cities in 2018 as developers reduce prices, offer indirect discounts: Report
Business

Housing sale rises 6% in 8 major cities in 2018 as developers reduce prices, offer indirect discounts: Report

Compared with other property consultants, Knight Frank has reported the lowest rise in housing sales during 2018 at 6 percent

Real estate shows recovery signs, housing sales rise 50% in 2018; year-end liquidity crunch limits strong growth
Business

Real estate shows recovery signs, housing sales rise 50% in 2018; year-end liquidity crunch limits strong growth

Property developers and consultants expect housing sales to remain subdued in the first half of 2019 due to the continuing NBFC liquidity crisis and upcoming general elections.

NBFC liquidity crisis rattles realty sector; may hit demand-supply and fund inflows to developers: Report
Business

NBFC liquidity crisis rattles realty sector; may hit demand-supply and fund inflows to developers: Report

The NBFC sector is under crisis since last month when it came to light that IL&FS group defaulted on short-term loans.

Hyderabad sees 26% rise in housing prices since 2013 despite weak investor sentiments: ANAROCK report
Business

Hyderabad sees 26% rise in housing prices since 2013 despite weak investor sentiments: ANAROCK report

Housing prices in Hyderabad rose have increased by 26 percent since 2013 despite weak investor sentiments and agitation for Telangana, according to property consultant ANAROCK.

Housing units worth Rs 4.64 lakh cr delayed in seven top cities despite RERA implementation: ANAROCK report
Business

Housing units worth Rs 4.64 lakh cr delayed in seven top cities despite RERA implementation: ANAROCK report

Nearly 5.76 lakh housing units worth Rs 4,64,300 crore are delayed in seven major cities of the country despite implementation of the new real estate law RERA that came into effect May last year, according to property consultant ANAROCK