Big House Launch Party of 2022

DLF Ltd., Godrej Properties Ltd., Macrotech Developers Ltd. and M3M Group, among others, have planned a large number of launches in the March quarter and beyond.

Launches have accelerated over the past six months and are expected to surpass pre-pandemic levels in 2022, raising some concerns over rising levels of unsold inventory.

According to Liases Foras Real Estate Research and Rating Pvt, the top eight property markets including Ahmedabad and Kolkata saw 241,907 units commissioned in 2021, up 75% from 138,577 units in 2020. Limited Data.

“In the pre-pandemic years, an average of 360,000 homes would be launched annually. This year, we expect to cross 400,000 units. While demand will continue to grow, we expect 2022 to be a volume-driven market, where supply will increase significantly,” said Pankaj Kapoor, Founder and Managing Director, Liasis Foras.

DLF identifies 35 million sq ft of growth potential in the medium term, comprising residential and office space, with sales potential 47,000 crores. Of this, about 4.6 million sq ft of residential projects were launched between April and December 2021. The company has plans for a 3.5 million sq ft project launch in the March quarter and a 6.3 million sq ft project launch for the residential sector in 2022. -23.

“The demand momentum will continue not only in NCR but also in places like Chennai and Panchkula. we are expecting 2,500 crore sales this year,” DLF management said in an analyst call last week.

M3M plans to launch 2,000 homes every quarter at different price points, including 6,000-11,000 per sq. ft. The company will launch 1,700 units on the land it bought from the Sahara group a few years back. “We want to launch the first phase of 700 units and sell it in 30 days. Sales have picked up, people want bigger homes, and demand is high. I think 2022 will be the best year for the real estate sector in a long time,” said Pankaj Bansal, Director, M3M.

According to Anarock Property Consultants, 2021 was essentially driven by end-users. In 2022, the trend is likely to be similar, with end-user demand dominated. However, long-term investors have started making a comeback. The asset advisor said around 80-85% of the demand is likely to come from end users and the rest from long-term investors.

Hyderabad based Aparna Construction & Estates Pvt. Ltd., which saw a 25-30% increase in sales in 2021 as compared to 2020, is eyeing 10-12 million sq ft of new launches every year for the next years, director Rakesh Reddy said.

Similarly, Chennai-based developer Casagrande is riding high on demand sales in Bengaluru and its home market in 2021 and has 14 launches planned this year, including Coimbatore.

Booking volumes and selling prices were down in the December quarter, partly due to delayed approvals that impacted launch plans. Godrej Properties has a launch pipeline of around 8 million sq ft for the March quarter and expects a record quarter of pre-sales, Motilal Oswal said in a note.

If launch is not delayed, Godrej Properties may acquire Analysts report said the fourth quarter saw sales of Rs 2,500 crore.