Latest news with #ANAROCKResearch
Time of India
13 hours ago
- Business
- Time of India
Carpet area of new flats in Mumbai 43% less than super built-up — biggest gap in country
Mumbai: Apartments in the Mumbai Metropolitan Region (MMR) have the highest 'loading' factor — difference between super-built-up area and carpet area — among the top seven Indian cities. Tired of too many ads? go ad free now According to data collated by ANAROCK Research, MMR has a loading factor of 43%. As an example, a 1,000 sq ft flat will have a living area of under 600 sq ft. "Earlier, super built-up areas were the norm for quoting and marketing, which often overstated the liveable space. While the conversation around square footage continues in the sales room across the table, the focus in advertising appears to have shifted from actual flat sizes, which was more prevalent in earlier years, to taglines such as 'spacious 2 BHK' in advertisements and on hoardings,'' said Prashant Thakur, Regional Director & Head - Research & Advisory, ANAROCK Group. "RERA mandates that all mentions of size must be only based on carpet area. This is strictly mandated in Maharashtra, so marketing has had to adapt to steering the messaging around features and amenities instead. Buyers have become more conscious of shrinking liveable spaces and rising loading percentages," he added. Amid the rising demand for state-of-the-art amenities within housing projects, the 'loading' factor has been on the rise across the top cities. MMR continues to see the highest loading— difference between super-built-up area and carpet area— among the top 7 cities with 43% in Q1 2025. The region has seen the average loading percentage grow steadily over the years —from 33% in 2019 to 39% in 2022, and 43% in Q1 2025. Bengaluru has seen the highest percentile jump in average loading over the last seven years, from 30% in 2019 to 41% in Q1 2025. In 2022, it was 35%. This dovetails with the increasingly higher saturation of modern amenities that developers now include to cater to the higher lifestyle ask in the IT hub. Tired of too many ads? go ad free now Chennai, on the other hand, has the least average loading rise in Q1 2025 with 36%, aligning with a city-specific demand profile where homebuyers prefer to pay more for usable space within their homes rather than for common areas. In 2019, Chennai's average loading percentage was 30%, like Bengaluru. It gradually rose to 32% in 2022 and further to 36% in Q1 2025. In NCR, average loading percentage rose from 31% in 2019 to 37% in 2022, and 41% in Q1 2025. In Pune, it was 32% in 2019, rose to 36% in 2022, and stood at 40% in Q1 2025. Hyderabad saw an average loading percentage increase from 30% in 2019 to 33% in 2022, and to 38% in Q1 2025. Kolkata too saw its average loading factor increase from 30% in 2019 to 35% in 2022, and further to 39% in Q1 2025. "While RERA now requires developers to mention the total carpet area provided to homebuyers, no law currently limits the loading factor in projects. Q1 2025 readings show that 60% of total space within their apartment that homebuyers in the top seven cities pay for is livable space, the remaining 40% is common areas – elevators, lobbies, staircases, clubhouses, amenities, terraces, and so on. The average loading percentage was 31% back in 2019," said Thakur. "Today, higher amenity loading has become the norm across most projects, partly because homebuyers are no longer satisfied with basic lifestyle amenities - they expect fitness centres, clubhouses, park-like gardens, and grand lobbies. Collectively, these features may improve comfort, community livability, and also resale value; however, homebuyers effectively lose on actual usable space within their apartments, " he said. Essential infrastructure in modern housing projects now typically includes more lifts with bigger passenger capacities, amplified utility areas, and fire escapes that meet regulatory safety protocols. In high-density urban developments, optimizing space for both private and shared use is crucial for a better living experience and long-term value, making some level of extra loading an inescapable fact of life. "Respective state RERAs should ideally enforce provisions wherein each project clearly mentions how much buyers are paying for the total usable space within the apartment, and for the amenities," the ANAROCK report said.
Indian Express
4 days ago
- Business
- Indian Express
From Dwarka Expressway to Golf Course Extension, places in Delhi-NCR where home prices have risen the most in 10 years
If you bought a house in Dwarka Expressway a decade ago, chances are its value has almost tripled, and in Greater Noida, its value in the same period has grown by a factor of 3.25, according to a report by ANAROCK Research. 'The reason for the price rise is largely because of the various infrastructure developments, and improved connectivity in these areas, which inevitably boosted homebuyer demand over the years. Moreover, these were the top areas with maximum new supply in the last several years,' Santhosh Kumar, Vice Chairman, ANAROCK Group, told The Indian Express. 'Sales too remained significantly high in the areas over the years as developers sought to launch projects here based on homebuyer demand,' Kumar added. As per data gathered by ANAROCK Research, here are the top five areas where real estate prices have appreciated the most from 2015 to 2025 (till date): Greater Noida West saw the maximum price appreciation of 225 per cent during the period, from Rs 2,750 per square foot in 2015 to Rs 8,950 per sq ft in Quarter 1 (Q1) of 2025. New Gurgaon was the second top locality that saw average property prices rise by 215 per cent during the period. They rose from approximately Rs 3,700 per sq ft in 2015 to nearly Rs 11,670 per sq ft in Q1 2025. Dwarka Expressway in Gurgaon saw average prices rise by 160 per cent during the same period, from Rs 4,730 per sq ft to nearly Rs 12,300 per sq ft as of Q1 2025. Sohna saw an average property price rise of 88 per cent, from Rs 3,600 per sq ft in 2015 to nearly Rs 6,780 per sq ft in Q1 2025. Golf Course Extension saw average prices rise by 108 per cent during the period. They rose from Rs 6,500 per sq ft in 2015 to Rs 13,500 per sq ft in Q1 2025. The above data does not include the prices of plotted developments and government housing.
Hans India
20-05-2025
- Business
- Hans India
Hyderabad Among Top GCC Leasing Cities in Q1 2025: ANAROCK
Global Capability Centres (GCCs) continue to influence India's commercial real estate segment, with Hyderabad playing a significant role in leasing activity during the first quarter of 2025. The latest market report by ANAROCK Research indicates strong momentum across major southern metros, with Hyderabad, Bengaluru, and Chennai jointly accounting for the lion's share of leasing by GCCs. According to the data, GCCs leased approximately 8.35 million sq. ft. of gross office space across India's top seven cities in Q1 2025, marking a 72 per cent year-on-year rise compared to 4.87 million sq. ft. during the same period in 2024. Of this, Bengaluru led with 3.3 million sq. ft., followed by Delhi-NCR at 1.91 million sq. ft. Hyderabad recorded 0.82 million sq. ft., placing it behind Chennai's 1.22 million sq. ft. Despite a dip from 1.22 million sq. ft. in Q1 2024, Hyderabad remained a key contributor, underlining continued demand from both existing and new entrants. In total, the seven leading Indian office markets reported gross leasing of 19.47 million sq. ft. in Q1 2025. GCCs contributed to 43 per cent of this volume. In the last two years, 2023 and 2024, gross leasing across the top seven cities touched 141.43 million sq. ft., of which GCCs absorbed 52.88 million sq. ft., accounting for over 37 per cent. Sectoral analysis for Q1 2025 shows IT/ITeS occupying 35 per cent of the total leased area by GCCs, followed by BFSI at 22 per cent, manufacturing and industrial at 13 per cent, e-commerce at 6 per cent, and consulting firms at 5 per cent. The rest (19 per cent) comprised other sectors. GCCs headquartered in the United States represented 65 per cent of all leasing by such centres in 2024, followed by 28 per cent from Europe and the Middle East. Firms from the Asia-Pacific region contributed just 7 per cent. There were over 1,700 GCCs in India by the end of 2024, employing approximately 1.7 to 1.8 million professionals. ANAROCK projects that by the end of 2025, India could have more than 1,900 GCCs, hosting up to 1.9 million professionals and a cumulative market value between USD 60 and 70 billion. By 2030, estimates suggest the number of GCCs in India could range between 2,200 and 2,300, with a combined market size of USD 100 to 110 billion and workforce strength reaching up to 2.8 million. GCC expansion is no longer confined to metro cities. Emerging Tier 2 and Tier 3 cities such as Ahmedabad, Kochi, and Coimbatore are attracting interest due to their skilled workforce, cost advantages, and infrastructure upgrades driven by government support. The shift in focus beyond traditional IT and BFSI segments also signals diversification. Sectors like manufacturing and industrial are increasingly becoming part of GCCs' India strategy, widening the scope of talent and services being delivered from the country.
Hans India
13-05-2025
- Business
- Hans India
Hyderabad, Delhi NCR to Lead 16.6 Mn Sq Ft Mall Growth by 2026
India's top seven cities are set to receive 16.6 million square feet of new Grade A mall space during calendar years 2025 and 2026, according to data released Tuesday by ANAROCK Research. Hyderabad and Delhi–NCR will together account for roughly 65 percent of the total scheduled openings. ANAROCK's report shows this injection follows a period in which leasing activity outpaced supply. In 2022, top-tier markets recorded 2.6 million sq ft of new mall space against 3.2 million sq ft of leasing. The gap widened in 2023, with 5.3 million sq ft opening while leasing hit 6.5 million sq ft. Approvals slowed during the 2024 election cycle, limiting new space to just 1.1 million sq ft even as 6.5 million sq ft were leased. 'Developers responded to a clear shortfall in high-quality retail inventory,' said Anuj Kejriwal, CEO and managing director of ANAROCK Retail. 'The next two years will see supply levels align more closely with demand in leading consumption centres.' Despite concerns of oversupply, ANAROCK projects that retailers will absorb more than 12.6 million sq ft of mall space across these cities through 2026. Vacancy rates, which peaked at 15.5 per cent in 2021, are forecast to settle around 8.2 per cent in 2025 and 8.5 per cent in 2026. Retailers' confidence reflects the entry of over 60 global brands in India since 2021, spanning fashion, electronics, lifestyle and food and beverage. Their expansion has driven demand for organised retail venues in high-footfall locations, Mr. Kejriwal said. The pipeline extends beyond metros. Rapid income growth and rising internet penetration have turned many Tier 2 and Tier 3 cities into consumption hotspots. E-commerce in these markets captured 56 per cent of online retail transactions in fiscal 2024 and could reach 64 percent by 2030, ANAROCK noted. The number of Indian online shoppers climbed from 140 million in 2020 to nearly 260 million in 2024; it may rise to 300 million by 2030 and 700 million by 2035. ANAROCK Research data highlights the shift in development focus toward India's fastest-growing urban corridors. Industry watchers say the alignment of supply and demand will shape leasing trends and vacancy levels in the coming years.
Time of India
24-04-2025
- Business
- Time of India
This area in Delhi-NCR saw a 98% property price rise in the last 5 years, see how much property prices appreciated in your locality
Dwarka, Sohna Road, Gurgaon and Noida are steadily emerging as hotbeds for residential real estate, as evident in the price appreciation their residential real estate has seen in the last 5 years. Delhi-NCR's real estate market is booming, with residential prices soaring by 81% in five years, according to a recent report by ANAROCK Research. While Gurgaon and Noida also witnessed substantial growth, driven by enhanced connectivity and infrastructure, Faridabad and Delhi areas only managed to record modest growth over the last 5 years in terms of average residential price appreciation. Read on to know how much price appreciation residential real estate has experienced in your area. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Gurgaon, Dwarka, new corridors for favorable real-estate investments Tired of too many ads? Remove Ads Delhi, Faridabad take a back seat While real estate prices are rapidly moving up across India, Delhi-NCR seems to be leading the pack, with average residential prices in the region jumping by as much as 81% over the last 5 years, according to ANAROCK's recent report titled 'NCR Real Estate—A Beacon of Growth and Opportunity.'Greater Noida in Delhi-NCR saw the maximum rise in property prices, with average residential prices increasing by a whopping 98% between 2020 and 2025. In the first quarter of 2020, property prices in the area stood at Rs 3,340 per sq. ft., which surged to Rs 6,600/ ft. in the first quarter of 2025, i.e. by the end of March this followed this region on its heels in terms of a rise in residential prices, with an average hike of 92% between 2020 and 2025. In the first quarter of 2020, average prices in the area were around Rs 4,795/ which zoomed to Rs 9,200/ by the end of March in Greater Noida West, also known as Noida Extension, property prices have appreciated by 24% in just the last year, reaching Rs 8,450 per by the end of area includes sectors 1, 2, 3, 4, 10, 12, 16, 16B, 16C, as well as Tech Zone IV and Knowledge Park 5, as per the NCR, as a whole, witnessed over 30% year-on-year (YoY) growth in average property prices during 2024, Noida and Greater Noida outpaced NCR, with 34% and 33% YoY growth in average property to Kirthi Chilukuri, Founder & Managing Director, Stonecraft Group, real estate investments in Noida are not simply to be seen as an asset but also as an avenue to long-term wealth creation.'Emerging areas such as Noida and Sohna Road in Delhi NCR also exhibit strong potential, driven by excellent connectivity, infrastructural upgrades, and increasing interest from both end-users and investors. These locations are becoming hotbeds for appreciation due to planned developments, strategic positioning, and a strong influx of demand. Real estate in these areas is not just an asset but a gateway to future value creation,' he the report highlights, the average property price in New Gurgaon as of 2024 was around Rs 10,350 per sq. ft. This marks a 76% hike since 2019 and a 34% increase since last Gurgaon witnessed an 84% jump in property prices, from Rs 6,150/ in the first quarter of 2020 to Rs 11,300/ by the end of March prices along the Dwarka Expressway, which connects Delhi and Gurgaon, alongside establishing connectivity to prominent locations such as Dwarka, Golf Course Road, Golf Course Extension, and Old Gurgaon, saw over 2x price appreciation in the last 5 years. While prices here stood at Rs 5,360/ in 2019, they zoomed to Rs 11,000/ as of last Sohna Road, located in the south of Gurgaon, recorded average residential property prices of about Rs 6,000/ as of 2024. The report notes that Sohna is rapidly emerging as the preferred destination for homebuyers looking for affordable housing projects.A previous ANAROCK report last month had highlighted that capital values in this area, i.e. potential returns on investments in properties on Sohna Road, had zoomed by 59% between 2021-end and 2024-end. In contrast, rental values only grew by 47% during the same the other hand, Delhi recorded a modest 38% increase in residential prices during this 5-year period-from Rs 18,200/ in Q12020 to Rs 25,200/ in Q12025. Notably, this is the lowest amongst all its NCR peer Faridabad saw property prices appreciating by just 50%, which is relatively lower compared to its other regional peers, such as Gurgaon and Greater Noida. In Faridabad, residential property prices inched up from Rs 3,200/sq. ft in Q12020 to Rs 4,800/sq. ft. as of property prices saw an increment of 72% in the past 5 years, from Rs 3260/ in Q12020 to Rs 5,600 in Q12025.
