Latest news with #SWAMIHFund
Hindustan Times
30-04-2025
- Business
- Hindustan Times
Over 4 lakh homes delivered in top nine cities in FY25; Delhi-NCR market sees a decline: PropEquity
The number of homes delivered across India's top nine cities surged 33% year-on-year to reach 4,06,889 units in FY25, according to a report by NSE-listed data analytics firm PropEquity. The growth is attributed to government initiatives promoting affordable housing, SWAMIH Fund and increased pressure on developers to adhere to project deadlines. Delhi-NCR was the only region to witness a decline, with home deliveries falling 8% from the previous year. In contrast, the remaining eight cities recorded growth ranging from 22% to 88%, with Kolkata leading the trend at 88%, while Mumbai saw the most modest rise at 22%. As many as 406,889 homes were delivered in FY25 and 306,600 the year before, according to data analytics firm PropEquity. Kolkata clocked an 88% year-on-year (Y-o-Y) increase in unit deliveries: 9,441 in FY24 and 17,718 in FY25. Hyderabad and Chennai followed with increases of 61% and 49%, respectively, the report noted. Delhi-National Capital Region (NCR) reported an 8% decline: 44,423 units in FY25 compared to 48,388 units the year before. With this, the total homes delivered in the last three financial years stood at over 10 lakh units, it noted. According to the report, Western India (Mumbai, Navi Mumbai, Thane and Pune) accounted for 55% of the total homes delivered in FY25, a rise from 53% in FY24 while Southern India (Bengaluru, Chennai and Hyderabad) accounted for 30% share, a rise from 28% in FY24. Kolkata accounted for 4% share in FY25, a rise from 3% in FY24. Delhi-NCR accounted for 11% share in FY25, a decline from 16% in FY24. The top 9 cities are Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Thane, Navi Mumbai and Pune. 'More than 1 lakh homes have been delivered in FY25. The cause of this surge is due to the delivery of homes launched in 2018/19, the construction of which experienced some slowdown due to the pandemic and other factors. The deliveries have also been expedited due to government's SWAMIH (Special Window for Affordable and Mid-Income Housing) Fund. The strict compliance and implementation under RERA have also played a major role in developers adhering to project delivery timelines,' said Samir Jasuja, founder and CEO, PropEquity. 'The positive market sentiments over the past couple of years have ensured strong cash-flows and faster project executions. As reputed and branded developers increase their market share, this trend in delivery of homes is expected to continue. SWAMIH 2.0 will also play a significant role in expediting delivery of stalled projects,' he said.
Indian Express
25-04-2025
- Business
- Indian Express
In 5 years, Delhi-NCR sees 81% jump in property prices; Noida clocks highest surge
Residential property prices in the National Capital Region (NCR) have surged by 81 per cent over the last five years, according to a report released by real estate consultancy Anarock. Leading the price growth is Greater Noida, which witnessed a staggering 98 per cent increase — from Rs 3,340 per sqft in the first quarter (Q1) of 2020 to Rs 6,600 per sqft in Q1 2025. The report, titled NCR Real Estate – A Beacon of Growth and Opportunity, highlighted trends across the region's real estate sector from 2020 to 2025. Noida followed with a 92 per cent jump in average property prices to Rs 9,200 per sqft, while Gurgaon saw an 84 per cent rise to Rs 11,300 per sqft. Delhi continued to have the highest average property prices at ₹25,200 per sqft, though it posted a relatively modest increase of 38 per cent. Despite price hikes, NCR's unsold housing inventory dropped 51 per cent in the five-year period, the report noted. From approximately 1.73 lakh units in the first quarter of 2020, the inventory fell to about 84,500 units by Q1 2025. Noida recorded the sharpest fall in unsold stock — down by 72 per cent — followed by Ghaziabad (58%) and Greater Noida (56%). 'The NCR market has undergone a remarkable transformation,' said Santhosh Kumar, vice-chairman, Anarock Group. 'Structural reforms like RERA, the SWAMIH Fund, and PMAY (Urban) have played a pivotal role,' he said. 'The report further highlights that strong sales velocity over the years, along with significant new launches, reduced the inventory overhang,' Kumar noted. Inventory overhang—a key metric indicating how long it would take to clear current unsold stock—fell dramatically from 88 months in 2020 to just 17 months in 2025. The report also noted a shift in market preferences. While affordable housing (priced under ₹40 lakh) once dominated the supply pipeline, 2024 saw ultra-luxury housing (priced above Rs 2.5 crore) make up 59 per cent of new launches — up from just 4 per cent in 2020. Affordable housing's share fell to just 11 per cent of new launches in 2024.
Hindustan Times
24-04-2025
- Business
- Hindustan Times
NCR real estate market sees 81% increase in property prices over the last five years: Anarock report
The National Capital Region (NCR) has recorded an 81% increase in average property price to ₹8,300 per sq ft in Q1 2025 from ₹4,580 per sq ft in 2020, according to a report from real estate consultancy Anarock. Greater Noida has seen the highest average property price increase in the National Capital Region (NCR) over the past five years, rising by 98% to ₹6,600 per sq ft in Q1 2025 from ₹3,340 per sq ft in 2020, it said. Noida followed with a 92% average price rise, reaching ₹9,200 per sq ft in Q1 2025 from ₹4,795 per sq ft in 2020. Delhi ( ₹25,200 per sq ft) and Gurgaon ( ₹11,300 per sq ft) had the highest average property prices in Q1 2025. Over the last five years, average property prices in Delhi and Gurgaon rose by 38% and 84%, respectively, the report said. The report, titled NCR Real Estate – A Beacon of Growth and Opportunity, outlines key developments in the region's housing market from 2020 to 2025. It highlights that structural reforms such as RERA, the SWAMIH Fund, and PMAY (Urban) have played a major role in turning around NCR's real estate sector. Also Read: Luxury real estate deals: 59 ultra-luxury homes worth ₹4754 crore sold in 2024 The report said that NCR recorded a 51% drop in unsold housing inventory. This figure fell from approximately 1.73 lakh units at the end of Q1 2020 to about 84,500 units by the end of Q1 2025. Among NCR cities, Noida saw the sharpest reduction in unsold homes—down by 72% from around 18,148 units in Q1 2020 to just over 5,000 units in Q1 2025. Ghaziabad followed with a 58% drop, and Greater Noida recorded a 56% fall in unsold stock over the same period. Also Read: Women Homebuyers on the Rise: 30% invest in property, 69% buy for end-use: ANAROCK Report In terms of new housing supply, 2024 saw the launch of approximately 53,000 units across NCR, a 44% rise compared to 2023. "Another notable change is in budget categories—in previous years, affordable housing (units priced below ₹40 lakh) dominated the supply pipeline. However, the past three years post-COVID-19 saw the maximum supply share shift to luxury and ultra-luxury housing," the report said. Instead, the market has moved toward high-end homes. Ultra-luxury housing (priced above ₹2.5 crore) made up 59% of new launches in 2024—up from 24% in 2023 and just 4% in 2020. The report also highlights growth corridors within NCR that are seeing strong real estate activity. These include Sohna, New Gurgaon, Dwarka Expressway, and Greater Noida West.
Hindustan Times
21-04-2025
- Business
- Hindustan Times
Real estate emerges as top recipient of AIF investments, attracts ₹74,000 crore in first nine months of FY2025
The real estate sector has emerged as the top recipient of net investments from Alternate Investment Funds (AIFs), attracting nearly ₹74,000 crore until December 2024—the highest among all sectors—according to a report by Anarock Research. The report also highlights the role of the SWAMIH Fund, India's flagship AIF, which has injected over ₹35,000 crore to date, helping revive several stalled housing projects across the country. AIFs are privately pooled funds that invest in non-traditional assets like private equity, hedge funds, and real estate and offer niche, high-risk, high-reward opportunities suited for experienced investors. The AIF Research Report 2025 compiled using SEBI data showed that the real estate sector accounted for the largest share (15%) of cumulative net AIF investments, with ₹73,903 crore invested in real estate out of an all-sector total of ₹5,06,196 crore. Other sectors benefiting from AIF investments include IT/ITeS, financial services, NBFCs, banks, pharma, FMCG, retail, renewable energy, and others. 'Amidst increasing constraints on traditional funding sources, AIFs are an agile and innovative financing mechanism to address capital gaps at various stages of real estate development. Since they pool capital from domestic and foreign investors, AIFs are a sustainable and scalable funding ecosystem. Going forward, the adoption of blended finance models, AI-driven risk assessments, and streamlined regulatory frameworks maximize the impact of AIFs further," said Prashant Thakur, Regional Director and Head – Research, ANAROCK Group. The SWAMIH Fund, India's flagship AIF and arguably the most prominent, has helped revive numerous stalled projects with liquidity infusions of over ₹35,000 crore to date, said Anuj Puri, chairman, ANAROCK Group. Also Read: Is your housing project delayed? SWAMIH fund 2.0 of ₹15,000 crore to complete 1 lakh projects in Budget 2025 'The SWAMIH Fund's encumbered journey underscores that addressing India's stalled housing crisis requires more than just capital — it demands systemic reform," says Puri. "Overcoming entrenched bottlenecks like regulatory delays, lender resistance, and cash flow constraints is key to unlocking its full potential. If these challenges are tackled head-on, the Fund can truly bridge the gap between promise and execution on its mission to rescue homebuyers who have no other recourse."
