The growth in the Indian residential real estate in the year 2021 are well discussed and documented by now. Anuj Puri, the Chairman and Founder of ANAROCK, shares an insightful post on the highlights of Indian’ residential real estate in the year 2021. The following details are directly taken from Anuj’s post.

  • Between Jan–Sep 2021, 1.63 lakh units of new residential supply were added across the top 7 Indian cities. This is 27% higher than 2020 full year supply. 1.45 lakh units were sold which is 5% higher than in the whole of 2020.
  • Larger houses are in demand: In the past two years, the demand has increased towards the homes that are large enough to accommodate the new WFH and online-schooling requirements. It means that the average sizes of new unit launches has increased by 26%.
  • Consolidation—Nearly 1/3rd of the overall residential area today is sold by large listed and unlisted players. Only developers with adequate financial muscle, brand name, execution track record, and corporate governance will witness growth and success in the future.

See the detailed post by Anuj Puri.

Tick Property Adds

On the rise in the demand for luxury and ultra luxury houses, the new projects on the Mohali Airport Road are a clear example. Projects by Noble Callista, The Medallion, and Falcon View are super luxury apartments that offer the best amenities for a lavish lifestyle for the home buyers.

The changing home buying behaviour because of the pandemic, by Tick Property Mohali.

The consumer sentiment for the home buying preferences such as for co-living, or for the affordable housing, are a good sign for the residential project owners and investors, and for the industry in general.

Comments to: Anuj Puri shares—Highlights of 2021 Indian residential real estate

Your email address will not be published.

Attach images - Only PNG, JPG, JPEG and GIF are supported.

Join us today!

Join us for real estate industry updates, news, new projects, trends, reports, and new property updates.

Contributing authors

Inviting contributor author for Tick Property: If you want to write for Tick Property, please write to us at [email protected] with the details—your name, email ID, and your current organization (or business name if self-employed).

The Tick Property Newspaper

We publish a daily newspaper for a quick reference to real estate news, insights, and reports: See the Tick Property Newspaper

Good Reads

La-Mer—one of the most promising commercial real estate projects on the PR7 road in Zirakpur that offers a unified and footfall-centric experience of shopping, dining, leisure, and entertainment. Zirakpur is one of the hottest commercial property investment destinations in the region. The huge and fast growing residential areas in Zirakpur and on the Mohali Airport […]
The modern practices in corporate India in many industries particularly in the IT and software, technology, and white collar corporate operations means that the commercial real estate projects had to adapt for their leasing strategy. Before the pandemic, office space was designed around the tenants’ experience for the facilities, security, utility, maintenance, parking, and so […]

Worlwide

There are no matching posts for this section.

Trending

This post is taken from Forbes India (source). In the commercial property trends in India in the recent years, the new-generation technology parks have emerged particularly in high-potential and high-rewarding cities including in Bengaluru, Hyderabad, Mumbai, Delhi and Pune. Chandigarh and Kolkata are now attracting investments too. This, according to Nasscom, has been due to […]