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Nearly 90 per cent of respondents feel that their decision to buy residential properties will be significantly impacted if <keyword id="19979912" type="General" weightage="100" keywordseo="mortgage-rates" source="keywords">mortgage rates</keyword> exceed 9 per cent, according to a survey conducted by <keyword id="20126006" type="General" weightage="20" keywordseo="FICCI" source="keywords" meta.keywordsubtype="org" meta.entityname="FICCI" meta.hostid="261" meta.entityid="FICCI">FICCI</keyword> and Anarock. Industry body FICCI and <keyword id="19895040" type="General" weightage="20" keywordseo="real-estate" source="keywords">real estate</keyword> consultant Anarock on Friday released their joint '<keyword id="23563125" type="General" weightage="20" keywordseo="homebuyer-sentiment" source="keywords">Homebuyer Sentiment</keyword> Survey', with a sample size of 7,615 people, at a real estate conference here. "In a recent survey, over 71 per cent of respondents indicated that their home-buying decisions would remain unaffected if rates stay below 8.5 per cent. However, if rates exceed 9 per cent, then it will have a significant impact on over 87 per cent of respondents. For rates between 8.5 per cent and 9 per cent, about 54 per cent expect a moderate influence on their choice," the report said. Among other findings, the survey found that real estate is the most preferred asset class for investment for over 59 per cent of respondents. The <keyword id="23597323" type="General" weightage="20" keywordseo="Indian-residential-market" source="keywords">Indian residential market</keyword> continues to be predominantly driven by end-users, with over 67 per cent of survey participants buying properties for self-use. The survey revealed that the budget range of Rs 45-90 lakh continues to be the most favoured option for over 35 per cent of prospective homebuyers. Currently, over 28 per cent of survey respondents stated their preference for homes priced between Rs 90 lakh and Rs 1.5 crore. Top homebuyer demands are timely project completion (98 per cent), improved construction quality (93 per cent), and well-ventilated homes (72 per cent). Addressing a FIICI event, Pramod Rao, Executive Director, <keyword id="19901201" type="General" weightage="20" keywordseo="SEBI" source="keywords" meta.keywordsubtype="org" meta.entityname="SEBI" meta.hostid="261" meta.entityid="SEBI">SEBI</keyword>, underscored the importance of regulatory frameworks in driving sustainable growth in the real estate sector. "Investor confidence is vital for the industry's long-term success, and SEBI's focus on transparency and governance has been key in building this trust," Rao said, according to a FICCI statement. Rao emphasised that strong compliance and better disclosures will be crucial in attracting institutional investments. He also highlighted SEBI's initiatives, including a single dashboard data bank to streamline processes and efforts to convert real estate investments into tradable financial instruments, boosting liquidity and accessibility. Sandip Somany, Past President, FICCI and Mentor, FICCI Committee on Urban Development and Real Estate, and CMD, Somany Impresa Group, said, "The Indian real estate sector has shown remarkable evolution. The significant shift in consumer preferences away from ready-to-move homes towards under-construction properties indicates growing confidence in developers and the regulatory environment." This trend reflects a maturing market and the positive impact of regulatory measures like RERA, he added. Raj Menda, Chairman, FICCI Committee on Urban Development and Real Estate and Chairman of the Supervisory Board, RMZ Corporation, said, "India's economic growth is driving rapid expansion in the real estate sector, with the residential market projected to reach USD 1.04 trillion by 2029, growing at a 25.6 per cent CAGR. This growth is fuelled by rising demand for ultra-luxury properties and significant investments." The commercial real estate sector is also thriving, supported by 1,600 Global Capability Centers and emerging secondary markets, Menda said. Anarock Chairman Anuj Puri said the consumer sentiment survey is timely and important, as it gauges contemporary homebuyers' preferences in the current market environment and highlights currently significant trends in Indian residential real estate. Sanjay Dutt, Managing Director and CEO of Tata Realty and Infrastructure, highlighted the significant evolution of the real estate sector, particularly with the shift from traditional REITs to smaller-scale REITs (SM REITs). He emphasised the advantages of fractional ownership, noting how it allows investors to access high-quality assets with lower capital commitments, democratising <keyword id="21263843" type="General" weightage="20" keywordseo="real-estate-investment" source="keywords">real estate investment</keyword>. Gaurav Pandey, Co-Chairman of the FICCI Committee on Urban Development and Real Estate and Managing Director and CEO of Godrej Properties, stated, "<keyword id="20383235" type="General" weightage="20" keywordseo="institutional-investors" source="keywords">Institutional investors</keyword> are increasingly focused on wealth creation through the development of better-quality products in the real estate sector." He highlighted the distinct growth stories of various cities, noting that Pune stands out as a frontrunner in this regard. Pandey emphasised that sustainability has become a critical priority for all large developers, reflecting a collective commitment to responsible and eco-friendly practices that will shape the industry's future." In his address, Vipul Roongta, Co-Chairman of the FICCI Committee on Urban Development and Real Estate and Managing Director and CEO of HDFC Capital Advisors Ltd emphasized on the critical importance of investing in skilled labour and workforce development to drive progress. Additionally, Roongta underscored the essential role of the private sector in creating impactful, scalable solutions to meet the growing demand in the industry.

Homebuying decision may be impacted if mortgage rates cross 9%: FICCI-Anarock survey

A new report by <keyword id="15513448" type="General" weightage="20" keywordseo="CREDAI-Anarock" source="Orion">CREDAI-Anarock</keyword> suggests that India will see a demand for 223 million sq.ft for Grade A warehousing properties over the next three years, requiring about $3.8 billion in funding. Of this, the sector already has a ‘dry powder’ funding of $900 million from existing commitments, according to the CREDAI-ANAROCK report titled 'India Warehousing - A Sunrise Sector'. Demand for Grade A warehousing facilities is constantly rising due to its direct and indirect beneficial impacts on overall operational efficiencies. “Warehousing in India has gained significant attention from investors as the country is poised to upgrade its supply chain to reach its goal towards a $5 trillion economy,” said Shobhit Agarwal, managing director and chief executive officer at <keyword id="10320617" type="General" weightage="20" keywordseo="Anarock-Capital-Advisors" source="Orion">Anarock Capital Advisors</keyword>. <keyword id="9205534" type="General" weightage="20" keywordseo="warehousing-demand" source="Orion">Warehousing demand</keyword> is not only increasing in metro cities but is also seeing a rapid rise in Tier 2 and Tier 3 cities, the report said. According to the report, the absorption of Grade A warehousing increased from 34 million sq. ft in 2018 to 48.5 million sq. ft in 2021 at a compound annual growth rate (CAGR) of 12.6%. Meanwhile, supply in this category rose from 37.8 million sq. ft to 51 million sq. ft in the same period at a CAGR of 10.6%, the report said. “Warehousing demand will continue to grow in future due to increasing demand resulting from increased consumption. Unceasing policy support from the Government in the last few years including infrastructure status to the logistics sector, GST implementation, permitting 100% FDI in warehousing and storage has been crucial in attracting investments in this sector,” Agarwal added. <cmsannotation type="cmsannotation" annotationid="3PL, e-commerce drive warehousing demand" comment="subhead" text="3PL, e-commerce drive warehousing demand">3PL, e-commerce drive warehousing demand</cmsannotation> Third party logistics (3PL), e-commerce, and manufacturing &amp; automotive sectors account for 78% share of warehouse leasing space across the top seven cities, the report said. 3PL has the highest leasing space at 42%, followed by e-commerce, and manufacturing &amp; automotive at 18% each. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sector </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Share in leasing space </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3PL </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">42% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">E-commerce </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Manufacturing and Automotive </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Consumer Electronics and FMCG </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pharma/Life Sciences </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2% </td></tr></tbody></table>Source: <keyword id="7825430" type="General" weightage="20" keywordseo="ANAROCK-report" source="Orion">Anarock report</keyword> In terms of warehousing rentals among the top 7 cities, Mumbai Metropolitan Region (MMR) has the highest average rent at ₹27/sq.ft and Hyderabad the lowest at ₹20/sq.ft. According to the report, the western micro markets of Bhiwandi, Chakan and Panvel/Taloja dominate Grade A warehousing space leasing share with 41%. “Warehousing has emerged as one of the most preferred asset classes for investors and developers to balance their real estate portfolios. The warehousing segment is range bound and a high revenue generator. While the IRR (internal rate of return) is higher, the risk is lower, and production is faster. Moreover, this sector is consumption-led, unlike other sectors which are primarily developer-led,” said Harsh Vardhan Patodia, president - CREDAI and CMD at Unimark Group. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/one-in-every-six-indians-has-borderline-diabetes-says-report/articleshow/95497532.cms">One in every six Indians has borderline diabetes says report</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/piramal-bains-indiarf-takes-majority-stake-in-social-and-smoke-house-deli-owner-impresario/articleshow/95504410.cms">Piramal-Bain’s IndiaRF takes majority stake in Social and Smoke House Deli owner Impresari</a>

India needs $3.8 billion funding to meet warehousing demand over three years: Report

PE inflows into Mumbai realty drop sharply, NCR emerges as top favourite in 9MFY23: Anarock

<ul><li><keyword id="859162" type="General" weightage="100" keywordseo="Kotak-Investment-Advisors" source="Orion">Kotak Investment Advisors</keyword> secured an anchor commitment of $500 million from the Abu Dhabi Investment Authority (<keyword id="6482676" type="General" weightage="80" keywordseo="adia" source="Orion">ADIA</keyword>).</li><li>Domiciled in Gujarat’s GIFT City, Kotak Investment Advisors’ new fund will target residential <keyword id="6354553" type="General" weightage="20" keywordseo="real-estate" source="Orion">real estate</keyword> investments.</li><li>The alternate assets arm of the Kotak Mahindra Group had earlier raised $590 million from an ADIA unit this June towards the office space market.</li></ul>Kotak Investment Advisors secured an anchor commitment of $500 million from the Abu Dhabi Investment Authority (ADIA) for its $1 billion <keyword id="172775" type="General" weightage="20" keywordseo="real-estate-fund" source="Orion">real estate fund</keyword>, the company said on Tuesday. Kotak Investment Advisors is an alternate assets arm of the Kotak Mahindra Group. With the anchor commitment from ADIA, Kotak Investment Advisors has raised, managed or advised more than $3.3 billion across its 13 real estate funds, the company said. Kotak Investment Advisor’s 13th real estate fund will primarily target the residential sector. “The new platform is primarily targeted at the significant demand for housing in India, which is driven by sustained economic growth and a shortage of urban housing clusters,” said Mohamed AlQubaisi, executive director of ADIA's real estate department. It is domiciled in Gujarat’s GIFT City, and will focus on markets like Mumbai, Bengaluru, Delhi-NCR, Pune, Hyderabad and Chennai. “This is an opportunistic fund which can invest across various real estate asset classes and capital stack, that is, both debt and equity. With the first close of this Fund, KIAL has raised around $1.5 billion in real estate across multiple strategies in around one and a half years,” said Vikas Chimakurthy, CEO, Kotak Realty Fund. Earlier in June, the company had entered into an agreement with an ADIA unit to set up a $590 million real estate platform, aimed at meeting the long-term demand for office spaces across the country. <cmsannotation type="cmsannotation" annotationid="Home sales rise 119% year-on-year in H1 FY23 in top seven cities" comment="subhead" text="Home sales rise 119% year-on-year in H1 FY23 in top seven cities">Home sales rise 119% year-on-year in H1 FY23 in top seven cities</cmsannotation> Home sales rose 119% year-on-year in H1 FY23 across the top seven cities of the country. According to an<a href="https://www.businessinsider.in/business/news/early-diwali-for-developers-homes-worth-1-5-lakh-cr-sold-in-top-7-cities-in-h1fy23/articleshow/95405843.cms"> Anarock report</a>, homes worth ₹1,55,833 crore were sold between April and September this year, up from ₹71,295 crore in the same period last year. In terms of units, 1,73,155 units were sold in H1 FY23, up from 87,375 units in H1 FY22. Mumbai alone accounted for 48% of the total value of homes sold in this period, with Delhi-NCR and Hyderabad in second and third places, respectively, maintaining their positions from the previous year. “The data vouchsafes that the first half of FY23 was a highly upbeat period for the residential market in the top 7 cities, allaying fears that housing sales could be impacted by rising property prices and interest rates,” said Anuj Puri, chairman, Anarock Group. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/article/tatas-mega-aviation-merger-is-poised-for-flight-but-the-skies-are-not-clear-yet/articleshow/95526116.cms">Tata's mega aviation merger is poised for flight, but the skies are not clear yet</a> <a href="https://www.businessinsider.in/business/news/95-indian-companies-experiencing-new-types-of-fraud-after-covid/articleshow/95530428.cms">95% Indian companies experiencing new types of fraud after Covid</a> <a href="https://www.businessinsider.in/stock-market/news/fusion-micro-finance-lists-at-a-2-discount-amid-volatile-market-conditions/articleshow/95523776.cms">Fusion Micro Finance lists at a 2% discount amid volatile market conditions</a>

ADIA commits $500 mn to Kotak Investment Advisors’ $1 bn real estate fund

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Homebuying decision may be impacted if mortgage rates cross 9%: FICCI-Anarock survey

PTI

India needs $3.8 billion funding to meet warehousing demand over three years: Report

Vaamanaa Sethi

PE inflows into Mumbai realty drop sharply, NCR emerges as top favourite in 9MFY23: Anarock

Katya Naidu

ADIA commits $500 mn to Kotak Investment Advisors’ $1 bn real estate fund

Rounak Jain

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