New launches too fell by more than a half to 35,668 units from 72,932 flats during the period under review
Homegrown housing brokerage firm Anarock is entering the commercial real estate consultancy business to sell office properties and will invest Rs 100 crore as well as hire 500 employees by the middle of the next year for the business, a top company official said on Tuesday. Anarock, which was formed in April 2017 by Anuj Puri after serving global property consultant JLL, will not lease office spaces, a segment dominated by international property consultants (IPCs) like JLL, CBRE, Cushman & Wakefield, Knight Frank, Colliers and Savills. "We are entering into commercial real estate and will focus on strata sale of office assets. This market is very vibrant. We have formed a separate vertical Anarock Commercial with 100 staffs for this new venture," Anarock Chairman Anuj Puri told PTI. Asked about investment, he said the company would infuse Rs 100 crore into this new business and hire 500 persons by June 2021. "We are starting with three cities Mumbai Metropolitan Region (MMR), ...
Mid and luxury segments witnessed a decrease of 4% and 9%