Price difference of ready & under-construction homes lowest ever in Q1 2021
Latest ANAROCK data reveals that the price gap between ready-to-move-in (RTM) and under-construction (UC) homes reduced to a mere 3-5% by Q1 2021.
7,400 office leases of 90 Mn sq. ft. up for renewal in top 6 cities in 2021
Industry data and ANAROCK Research reveals that over 7,400 leases spanning approx. 90 Mn sq. ft. area will come up for renewal in 2021 across the top 6 commercial real estate hubs - Bengaluru, Mumbai, Pune, Chennai, Gurugram and Noida.
Covid Wave and its impact on housing demand and prices
The rapid rise in cases and the localized lockdowns and restrictions have severely impacted many sectors - including residential real estate. Buyers have become cautious and are avoiding site visits even if they are interested in buying a home.
Bengaluru real estate – Post-COVID-19 snapshot
The unavailability of sufficient public transportation nodes in the form of metro and bus lines causes excessive usage of private vehicles, leading to Bengaluru's legendary traffic congestion.
Housing Market – Where, When and How?
Covid-19 wave does not spell doom for real estate. Housing recovery after the second wave will again be the fastest among other sectors. Demand may remain slow for a few months but pick up again as soon as cases recede.
COVID-19: 85% buyers in NCR bought 1st homes
The pandemic has brought forth many contrasting trends in the - NCR and MMR. 85% buyers purchased their very first homes in NCR
One Year of COVID – Pune Housing Market Holds its Ground
Pune's housing market did fairly well even in the last year. Both demand and new supply have been good and even picked up speed after restrictions were rolled back following the first wave in 2020.
Model Tenancy Act – a game-changer
The Model Tenancy Act will help bridge the trust deficit between tenants and landlords by clearly delineating their obligations and will eventually help unlock vacant houses across the country.
How Pune will gain from Model Tenancy Act?
Pune holds the fourth spot in terms of vacant houses across the country – behind Mumbai, Bengaluru and Delhi.
Pune Real Estate – In Need of Intervention
Indian real estate sector has suffered due to COVID-19 pandemic. Pune is no exception. Pune also saw a complete halt in construction activity during the first pandemic lockdown period.
Peripheral areas overtake city centres in new housing
New developments in the peripheries reduce the stress on the choked city-centres, and they become increasingly viable with ongoing infrastructure projects such as Metros and ring roads which will boost their connectivity to the city centres.
What does Pune’s housing market need?
Pune’s housing market has remained remarkably strong despite the Covid-19 pandemic. Both demand and new supply were consistent from July 2020 to March 2021 after the State government imposed first wave restrictions.
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