ANAROCK Group sales jump 80 per cent in H1

At approx. 9000 units sold, ANAROCK Group saw its sales increase by 80 per cent in H1 2021 as compared to the same period in 2020. Of the total of Rs 8,084 crore worth of inventory sold, affordable housing constituted 20 per cent of sales, said a press release issued by the real estate services consultancy. .

The average ticket size of units sold was at Rs. 90 lakh across the 13 cities of operation, which stayed consistent as compared to H1 of previous financial year.

Santhosh Kumar, Vice-Chairman, ANAROCK Group, said, “Since its inception in 2017, ANAROCK has successfully serviced 592 exclusive mandates on behalf of quality A developers, with 108 in H1 2021 alone. The increased sales velocity and market uptake are very visible in the growth of inventory value transacted – INR 8084 Cr in H1 2021 over INR 4446 Cr last year, which is an increase of 80%. While Q1 of FY 2021 contributed 1/4th of the overall sales and revenues, Q2 saw these figures almost triple.”

MMR alone contributed almost INR 5000 Cr of sales value within H1 of this financial year. Next came the combined market of NCR amounting to INR 832 Cr of sales value. Bengaluru was next highest amounting to INR 657 Cr worth of sales value.

The remaining cities of Pune, Ahmedabad, Hyderabad, Chennai, Lucknow, and Kolkata all contributed in part towards ANAROCK Group clocking in 8000+ Cr of sales value in H1 2021.