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housing supply

Ahmedabad has 52% of Housing Supply in Affordable Category

The residential real estate market in Gujarat’s top city Ahmedabad has been riding high on affordable housing projects over the last five years. A highly price-sensitive market, Ahmedabad is banking heavily on boosted demand for affordable homes. The government’s push for the affordable segment is another feather that gives it the much-needed impetus. No wonder more than half of the units launched from 2014 onwards catered to the budgeted segment priced <INR 40 lakh. Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants says, “According to ANAROCK research, as many as 1,30,650 units across different budget segments have been launched in the city since 2014 till H1 2019. Of this, nearly 52% (approx. 67,400 units) were in the affordable segment, followed by 37,400 units in the mid-...

Chennai has Least Delayed Housing Stock of Top 7 Cities – ANAROCK Report

– by Anuj Puri ANAROCK’s latest report ‘Chennai: Driven by Diversified Economic Base’ finds that the city’s real estate market reflects little of the automobile sector’s slowdown. In fact, Chennai’s diversified economy is keeping the momentum upbeat for its realty market. Anuj Puri, Chairman – ANAROCK Property Consultants says, “The report confirms that Chennai logged a 25% jump in housing sales in H1 2019 against the preceding year – much higher than Hyderabad’s 12% and Bangalore’s 9% over the same period. The city’s developers have remained focused on restricting new housing supply and deploying resources to complete ongoing projects. This has had remarkable results – Chennai has the least number of delayed housing units a...

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