Its a new calendar year and Magicbricks wishes all its readers a VeryHappy 2015. Its been a year where subdued sentiments in the propertymarkets gave rise to euphoria over Prime Minister Modis conclusive winin the General Elections and then settled into a subdued mode again.

In its 15th edition, PropIndex reflected the reality of the real estatemarket in India which clearly gave a green signal for affordability andvalue for money. This was in line with the governments agenda ofpromoting Housing for All by 2022.

City indices remained fairly stable. Riding high on the Modi factorAhmedabad recorded the highest rise of 3 per cent in the City Indexvalues. The Delhi City Index continued to drop (1%) indicating slowuptake in the market.

At the macro level, properties in the affordable or mid-segment rangeswere clearly a popular choice. The budget range of Rs 20-40 lakh saw arise across cities except in Delhi, Gurgaon and Kolkata. In line with thistrend, the 1BHK category saw a rise in demand across all cities. Delhi andGurgaon saw a rise in demand for 2BHK units as well. As the capitalmarkets regained momentum post the formation of the new governmentat the Centre, rental markets were subdued in the Oct-Dec 2014 quarter.Almost 40-50 per cent of the tracked localities in each city recorded adrop in values.

After a dull year, 2015 is expected to bring with it new and positivechanges in the sector. The year is going to be crucial as this is the timewhen the Governments promises would actually be put into practice.

Do write in at Sudhir.pai@timesgroup.com and share yours views on thisreport and how we could make PropIndex even better. You may also shareyour opinion with #PropIndex on our Twitter handle @magicbricks orconnect with us on Facebook at www.facebook.com/magicbricksTOI.

FOREWORD

Sudhir PaiBusiness Head, Magicbricks.com

Magicbricks PropIndex

Magicbricks PropIndexis a tool whichempowers propertyseekers and investorswith detailedinformation on themovement of residentialapartment prices andsupply of properties inIndia. No credibleproperty index can be afunction of direct valuesas the changes aregoverned by multiplefactors.

Magicbricks PropIndexhas taken this realityinto account andproduced an index basedon listing of apartmentsand their capital andrental values on thewebsite.

Magicbricks has over 700,000 active propertiesposted by more than1,40,000 active users in300 cities and 10,000localities. Our usersinclude owners, agentsand developers.

Methodology

Apartment values arebased on listings onMagicbricks. Theseinclude multi-storeyapartments and singleunits on plotteddevelopments, referredto as builder floors onMagicbricks.com.

The Index is structuredin such a way thatindividual properties

are aggregated into theirrespective cities andthen to the NationalIndex. Weightages forPropIndex are based onthe supply of propertieswithin the locality/city.Based on this structure,PropIndex gives arealistic picture oftrends in price/supplyacross different propertymarkets in each city. Wehave used differentweightages for ListedPrice Monitor/RentMonitor. Therefore, readas a whole, PropIndexalong with tablesprovided for Listed PriceMonitor, Rent Monitor,Yield Monitor andCapital Values, gives anexcellent perspective ofthe property marketperformance in thequarter.

While listing and itsvalues/supply provide alevel of understandingof the market, there aremeticulous data checksto prevent aberrationscreeping in the Index.These are based onstatistical calculations,industry inputs andlogical interpretations.

The National PropertyIndex (NPI) is indicativeof the extent of activityas well as pricemovements across citiesand localities in themajor cities active onMagicbricks.com. Theindex includes the top11 cities (these have

been chosen based ontheir activity levels) andhas an individual cityreport for each of thesecities. While the NPI andits movements are ofinterest to the expertcommunity of bankers,builders and investors,the PropIndex has alsotaken care to explain thenuances of indexmovements at thelocality level that wouldhelp the huge base ofMagicbricks.comconsumers.

Insights into consumerdemand have beengathered throughanalysis of searchinformation on the site.This helps understandthe best localities bydemand, the type andconfiguration of units aswell as the budget-wisepreferences.

The PropIndex is theresult of meticulousresearch at the localitylevel and throughdetailed discussionswith experts atMagicbricks.comsoffline and onlineinitiatives.

The Indian real estatemarket is dynamic andthe PropIndex reflectsthose changes. Since it isderived from a dynamicdatabase, additions anddeletions of localitieshappen as a function ofmarket dynamics.

METHODOLOGY

There is a wealth of information within these pages. For better readability, we have presented some data as tablesand others as graphs. Between them, you will find how property markets have performed in the Oct-Dec 2014quarter from different perspectives from that of capital appreciation, from a rental/yield realisationperspective and from a supply standpoint. Demand Analysis section also explains what consumers look for.

We recommend that you evaluate the city report in its entirety and that will provide a rounded perspective of theperformance of the property market within each city. Here are the details of what you will find in each of the cityreports enclosed within:

1. City Property Index This is a composite index which is a function of supply of properties as well as theaverage capital appreciation/drop in various localities of the city in the quarter. The city index is theweighted average of the average rate per square foot in that locality and the supply of properties from thatlocality. Premium localities (with higher average rate per square foot) as well as localities with higher supplyof properties will have a bigger impact on the Index. For example, if the supply of properties from apremium locality drops, that locality will end up having a lower weightage in the index which in turn willpush the Index downwards (and vice-versa). On the other hand, supply of properties remaining unchanged,the Index will be influenced by capital appreciation within the locality.

2. Listed Price Monitor This metric shows the capital appreciation/drop within a locality and is calculatedon the basis of movement in the average rate per square foot within that locality. By and large, themovement in the average rate per square foot reflects capital appreciation/drop. However, in a few selectcases, we have observed that the average rate per square foot moves due to a change in the mix of apartmentswithin that locality (e.g. if the ratio of premium apartments, which command a higher per square foot rate,changes over the quarter). In these few circumstances, the Listed Price Monitor will, in turn, reflect thisinput. Such changes have been explained in the text of the City Reports.

3. Rent Monitor This reflects the rental appreciation/drop within a locality. It is calculated on the basis ofmovement in the average rent per square foot within that locality. By and large, the movement in theaverage rent per square foot reflects rental appreciation/drop. However, in a few select cases, we haveobserved that the average rent per square foot moves due to a change in the mix of apartments within thatlocality (e.g. if the ratio of premium apartments, which command a higher per square foot rent, changes overthe quarter). In these few circumstances, the Rent Monitor will, in turn, reflect this input. Such changes havebeen explained in the text of the City Reports.

4. Yield Meter Yield is the annual rate of return earned on property. The Yield Meter depicts the gross yieldpercentages across various localities. Gross yield is a ratio of average annual rental value to the averagecapital value of the property.

5. Capital Value Tables (given in Annexures) This shows the actual range of prices within which propertieswere available in each locality in the quarter. Prices are shown in Rupees per square foot basis, these are theprevailing rates for properties in each locality.

6. Demand Analysis This analysis of consumer demand is based on searches and requirements that usershave performed on Magicbricks.com. The top localities by demand gives an insight into consumerpeferences. The demand data has been used to arrive at various aspects of consumer requirements includingBudget-wise analysis, Property type analysis and BHK configuration analysis. This section also provides acomparison between demand and supply in the Apr-Jun 2014 and Jul-Sep 2014 quarters.

7. Editorial Speak PropIndex has gone from strength to strength adding more analytics, insights anddiverse views in every edition. To enhance the insights provided by our data PropIndex now includes cityperspectives from editors of Times Property.

GLOSSARY & DEFINITIONS

NOTES

OCT-DEC 2014

In the Oct-Dec 2014 quarter, theNational Property Index (NPI)rose by 1 per cent over theprevious quarter. Out of the 11 cities tracked in India, sevenposted a rise of 1-3 per cent in theCity Index value. This kept theNPI positive.

Ahmedabad posted the maximumrise of 3 per cent in the CityIndex, followed by Kolkata,Chennai and Hyderabad whichrecorded a rise of 2 per cent.Bengaluru, Pune and Noida notedmerely 1 per cent rise. However,Gurgaon and Ghaziabad remainedunchanged. Delhi and Mumbai,the major metropolitan cities, sawa drop in the City Index value by 1 per cent.

The National Consumer Budgetpreference graph shows thatdemand for properties in therange of Rs 20-50 lakh remainedstrong and increased by 3 per centin the last six months. On theother hand, properties in the mid(Rs 70-100 lakh) to premium

segment (Rs 1 crore and Above)noted a drop of 1-2 per cent.

Overall, active supply remainedpassive and recorded a nominaldrop of 2 per cent. Cities such asMumbai, Kolkata and Gurgaonrecorded the maximum drop inactive supply.

No reduction in home loan ratesby RBI and drop in property buyersentiments in the last few monthskept property buyers at a wait-and-watch mode. This pulleddown the new launches rateacross India.

However, inspite of slow growthin the real estate market and dropin the number of new launchesacross India, the marketcontinued to witness healthydemand for properties in theaffordable range.

Significant demand for propertiesin the affordable range gaveimpetus to the public and privatesector to offer new properties inlow budget ranges with basicfacilities. The Modi Governments

relaxation of FDI rules in theconstruction sector, by reductionin the minimum floor area fordevelopment and capitalrequirement, are expected tofurther attract more funds to thereal estate sector.

n Small size unitsrecorded a rise indemand by 1-4 percent, across India

n Properties worthRs 20-50 lakhwent up by 3 percent

n NCR witnessed adrop in supply ofpremiumproperties by 3-10per cent exceptGhaziabad, whichremained stable

n Demand forapartmentsdropped by 1-6 percent across allcities, except inChennai

IN THIS REPORT:

National Property Index................1

Bangalore...................................4

Annexures.................................13

NATIONAL PROPERTY INDEX (NPI)

VOL 4, ISSUE 3; OCT-DEC, FY 2014-15

OCT-DEC 2014

propindex.magicbricks.com

Source:Magicbricks.com

02VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

NATIONAL PROPERTY INDEX

l In the last one year, propertiesworth Rs 30-50 lakh continuedto witness maximum demandwith a consistent rise quarter-over-quarter, indicating strongdemand for affordable optionsacross India

l Rental returns remained highin residential properties inBengaluru, Hyderabad andKolkata

l In the last six months, Mumbai,Bengaluru and Pune continuedto be the most preferredinvestment destinations

Ahmedabad City Index rose by 3 per cent. After the formation ofthe Modi Government at thecentre, the City Index continuedto show a rise in values quarter-over-quarter. In the Oct-Dec 2014quarter, the city recorded a rise of1-9 per cent in average capitalvalues in over 75 per cent of thetotal localities tracked. The cityalso witnessed a rise in supply by5 per cent in comparison to theprevious quarter. SG Highway,Bopal and Motera witnessedmaximum supply of new projects.

The Bengaluru City Indexshowed an inverse trend incomparison to the last quarter, byposting a rise of 1 per cent. Thiskept the city index unchanged inthe last six months. Whitefield,

Sarjapur Road and Electronic Cityremained the most preferredinvestment destinations acrossresidential housing categories.The Yield Meter showed thatreturns were high on residentialinvestment in South and EastBengaluru, followed by NorthBengaluru.

Increase in average capital valuescoupled with rise in activeproperty listings in the city by 5 per cent, pushed up the ChennaiCity Index by 2 per cent. Therental market witnessed slowmovement in the average monthlyrentals. Close to 55 per cent of thetotal localities tracked in the citynoted a drop between 1-8 per cent.In the last one year, averagecapital values showed a healthyrise of over 10 per cent in areassuch as Oragadam, Anna NagarWest, Nungambakkam andPrerungudi.

The Delhi City Index continued todrop in the Oct-Dec 2014 quarter.A drop of 1 per cent was noted asopposed to the 3 per cent fall notedin the previous quarter. In the lastthree quarters, Delhi City Indexhas dropped by 9 per cent. Thiswas primarily on the back of thedrop in average values andgrowing inventory in the city,mainly in the single floor units. Inthe rental market, close to 50 per cent of the total localitiestracked in the city, recorded adrop of 1-10 per cent.

The Ghaziabad City Indexremained unchanged in the Oct-Dec 2014 quarter.

Almost equal number of localitiesrecorded a rise or drop in theaverage capital values. This keptthe Listed Price Monitorunchanged at 0 per cent. Similartrend was noted in the rentalmarket with increase and drop of10 per cent in lease.

In the past one year, GurgaonCity Index remained betweenminus 2 to plus 1 per cent. Thiswas mainly due to slow uptake inthe residential market of the city.Out of the total localities tracked,39 per cent noted a drop in theaverage capital values. This alsokept the City Index unchanged inthe Oct-Dec 2014 quarter. Therental market too, remained slow

Locality RankQ3 Q2

Mumbai 1 1

Bangalore 2 2

Pune 3 3

Hyderabad 4 5

New Delhi 5 4

Chennai 6 7

Kolkata 7 6

Gurgaon 8 8

Noida 9 10

Ahmedabad 10 -

Preferred Cities - Sale

Note: Q3 Oct-Dec 2014, Q2 Jul-Sep 2014

Preferred Cities - Rent

Locality RankQ3 Q2

Bangalore 1 2

Mumbai 2 1

Pune 3 3

New Delhi 4 4

Chennai 5 5

Hyderabad 6 6

Gurgaon 7 7

Kolkata 8 8

Noida 9 10

Ahmedabad 10 -Note: Q3 Oct-Dec 2014, Q2 Jul-Sep 2014

-1%

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Oct-Dec 2014

City Index Percentage Change

Source:Magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.com

03VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

with over 60 per cent localitiesrecording either a drop or nochange in the average rentalvalues.

Hyderabad City Index and theListed Price Monitor recorded arise of 2 and 3 per cent,respectively. The increase in theCity Index value was primarilyattributed to increase in theaverage capital values in areaswith maximum active properties.Unlike the capital market, therental market remained slow. Over55 per cent localities in the cityrecorded a drop between 2-8 per cent in the average rentalvalues. Gachibowli, Kondapur,Kukatpally and Hitec Cityremained the preferred locationsfor both sale as well as rent in thecurrent quarter.

Kolkata City Index rose by 2 per cent. This was primarilyattributed to rise in the averagecapital values in over 60 per cent ofthe tracked localities in the city.The 1 and 4BHK units witnessed arise in demand while othercategories noted a drop. Maximumrise was recorded in 1BHK unitsacross the region in the last sixmonths. Properties worth Upto Rs 20 lakh witnessed an increasein demand by 1-6 per cent acrossthe region, except in West Kolkata.

The Noida City Index rose by 1 per cent in the Oct-Dec 2014quarter. In the last 15 months,

Noida market remained stablewith 0-1 per cent change in theCity Index and the Listed Pricemonitor. This was primarily on theback of almost no change in theaverage capital values in the city.On the other hand, rental marketnoted a subdued trend. Over 65 per cent of the total localities inthe city noted a drop in rentalvalues between 1-7 per cent in thecurrent quarter.

The Mumbai City Index droppedby 1 per cent in the Oct-Dec 2014quarter as opposed to the previousquarter where it increased by 4 per cent. Rise in the averagecapital values between 0-7 per centand drop in supply by 6 per centkept the City Index positive by just1 per cent. With one fourth of totalsupply of the city, Kharghar inNavi Mumbai, Mira Road, AndheriWest and Kandivalli West in theWestern Suburbs and GhodbunderRoad in Thane were the mostactive residential destination inthe city.

Pune residential marketwitnessed a consistent rise of 1 per cent in the City Index valuequarter-over-quarter, in the pastone year. Over 45 per cent of thetotal demand for properties in thecity was concentrated in WestPune, followed by 29 per cent inEast Pune. Though high demandwas noted in West Pune, butmaximum supply was recorded inEast Pune.

Upto Rs 20 Lakh Rs 20-30 Lakh Rs 30-50 Lakh Rs 50-70 Lakh Rs 70-100 Lakh Rs 1-2 Crore Rs 2 Crore & Above

National - Consumer Budget Preference30%

25%

20%

15%

10%

5%

0%3%

9%

29%

21%15%

14%9%

TOP YIELD GROSSERS

Gross yield is a ratio of average annualrental value to the average capital valueof the property. Given below are the topyield-grossing localities in each city.

Locality Gross Yield

Bengaluru, Chandapura 5.42%Kolkata, Tollygunge 4.76%Hyderabad, Gachibowli 4.66%Chennai, Navalur 4.27%Pune, Mundhwa 4.04%Ahmedabad, Prahlad Nagar Extn 4.01%Delhi, Govindpuri 3.99%Ghaziabad, Shakti Khand 3 3.62%Mumbai, Kanjur Marg East 3.54%Noida, Sector-121 3.16%Gurgaon, Sector-69 2.59%

CAPITAL GAINS

The table given below indicates maximumincrease in capital values in each city.

Locality % Change

Kolkata, Ballygunge 9.65%

Bengaluru, Hennur Main Road 10.75%

Ahmedabad, Chandkheda 9.03%

Ghaziabad, Govindpuram 6.80%

Chennai, Adyar 6.70%

Mumbai, Vashi 6.65%

Pune, Mundhwa 8.91%

Hyderabad, Attapur 5.69%

Delhi, Model Town 6.16%

Noida, Sector-143 B 5.34%

Gurgaon, Sector-84 8.02%

Source:Magicbricks.com

Source:Magicbricks.com

PROPINDEX - BENGALURU

Foundation for growthBengalurus real estate market hingedon trends in infrastructure andcommercial developments through2014 and is set for growth, especiallyin the office space market in 2015.There is news of big ticketorganisations in the ecommerce spacelooking for large office spaces. Thereare also forecasts of expansion amongsome of the established companies.

The city is not land-locked and this is amajor factor in the realty dynamics. Theland rates in the suburbs are relativelylower and the emerging connectivitybrings them closer to the citys coreareas. The plan to put in place aPeripheral Ring Road, beyond the OuterRing Road (ORR), promises to bring inmore land parcels into play. Theemerging connectivity is leading tomany once-distant suburbs turning intosought-after destinations. These beltsare value picks at this point in time.

The year 2014 was also significant asit offered the first indications of adowntrend in the interest rates. Lowerhome loan lending rates will bring inmore prospective home buyers. Thecooling in the inflation rate andmoderation in the growth rate havebeen pushing for an easier monetarypolicy from the Reserve Bank of India(RBI). The steps taken by the RBI in2014 to infuse more liquidity into thebanking system indicated the possibilityof a softer monetary policy ahead.

Some upward pressure on rentals,especially in the premium localities. Themarket for high-end homes opened upfurther. Huge potential in the affordablehousing space remains.

With the government announcingeasier norms for FDI in the constructionsector and offering benefits for thedevelopment of affordable housing,more supply of budget homes is on thecards. The new FDI policy is anothersignificant development of 2014. Itmakes it easier and more attractive forinvestors based abroad to participate inthe real estate market here.

These developments are good news forthe realty sector. The year 2014 sawthe development of a strong foundationon which the sector promises to growthrough the New Year.

bsmanu.rao@timesgroup.comEditor Times Property, Bengaluru

The Bangalore City Index showed a gradual rise, posting agrowth of 1 per cent in the Oct-Dec 2014 quarter. This was incontrast to the previous quarter where a drop of 1 per cent wasnoted. However, the Listed Price Monitor remained unchanged,indicating stable values.

l Close to 50 per cent localitiesregistered a rise in averagecapital values and increase inactive supply by 6 per cent whichkept the City Index value stable

l Whitefield in East, ElectronicCity in South and Hebbal inNorth offered maximum unitsfor sale in the current quarter

l Units of 1BHK witnessed a risein demand by 1-3 per cent.Maximum rise of 3 per cent wasnoted in north, east and west.The traditionally most demanded2BHK units recorded a drop indemand, except CentralBengaluru. On the other hand,supply remained almost stablewith a rise or drop of 1 per cent

l With the rise in demand for smallsize units, demand for affordablehousing has also gone up in thebudget range of Rs 20-40 lakhacross the city

l Demand for premium propertiesworth Rs 1 crore and Aboverecorded a drop of 1-3 per centacross regions except SouthBengaluru. Properties in the midsegment (Rs 60-100 lakh)witnessed a similar trend, where

demand dropped by 1-3 per centacross regions, except in CentralBengaluru

l Whitefield, Sarjapur Road andElectronic City remained themost preferred investmentdestinations across theresidential housing categories

l Kankapur Road, CV RamanNagar and Koramangalarecorded the maximum rise inaverage capital values by 15-16 per cent in the last one year

l Premium areas such asJayanagar, Lavelle Road andCambridge Layout recorded themaximum rise in average rentalvalues between 14-17 per cent inthe last one year

l The Yield Meter showed thatreturns are high on residentialinvestment in the South and EastBengaluru, followed by NorthBengaluru

l Demand for apartments in WestBengaluru witnessed anincreasing trend in the last threequarters. This, too, pushed upsupply for the same, resulting inoversupply by 12 per cent

Key Takeaways

E d i t o r i a l

BENGALURU 04 VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

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GuestHighlight

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l More than 50 per cent of the localities recorded arise in capital values in the Oct-Dec 2014 quarter.However, around 40 per cent of the tracked localitiesalso noted a drop in values, arresting the growth ofthe Listed Price Monitor

l Rise in capital values varied from 1-11 per cent withHennur Main Road recording the highest rise

l Marathahalli, Hebbal and Begur Road also recordeda steady growth of 6-7 per cent in capital values inthe current quarter

l Capital values witnessed a drop of 7-8 per cent inlocalities such as Hosur Road, Varthur and HSR Layout

L I S T ED PR I CE MON I TOR

Locality Average Rental Average Capital Gross Value (Rs/sqft/mth) Value (Rs/sqft) Yield

Bannerghatta Road 14.50 4,255 4.09%Koramangala 23.50 7,825 3.60%Whitefield 15.50 4,375 4.25%JP Nagar 16.25 4,530 4.30%Malleswaram 22.50 11,440 2.36%Hebbal 15.50 5,850 3.18%Sarjapur Road 17.50 4,550 4.62%HSR Layout 18.00 4,285 5.04%Marathahalli 17.00 4,345 4.70%Chandapura 12.25 2,710 5.42%

Y I E L D M E T E R

l As observed in the last few quarters, Bengalururecorded one of the highest yields in the country

l The Magicbricks yield meter clocked returns inthe range of 2.36-5.42 per cent in the Oct-Dec 2014quarter as compared to the 2.21-5.11 per centrecorded in the previous quarter

l Chandapura recorded the highest yield while HSR Layout recorded the second highest at 5.04 per cent. Falling capital values and stablerental values pushed up the yield in the locality

l A significant rise in capital values (7%) and a dropin rental values resulted in reduced yield forMarathahalli (4.70%)

RENT MON I TOR

l The rental market in the city remained robust withnearly 70 per cent of the tracked localities recordinga rise in values

l A rise of 1-8 per cent was noted in rental valuesacross localities. The Old Airport Road and JP Nagar recorded the highest rise of 8 per cent inthe quarter

l Other localities which recorded a considerable riseof 4-6 per cent included Electronic City, IndiraNagar, ITPL and Yelahanka

l Stable rents were noted across localities such asHSR Layout, Kanakpura Road, Malleswaram andBTM Layout. On the other hand, Marathahalli andWhitefield recorded falling values (-1 to -3%)

0%

BENGALURU05VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

Source:Magicbricks.com Source:Magicbricks.com

Source:Magicbricks.com

PREFERRED LOCALITIES

l IT driven locations continued to top the preferencecharts. The top three locations for sale wereWhitefield, Sarjapur Road and Electronic City inthat order, similar to the previous quarter

l Inspite of increased capital values, Marathahallisaw increased demand. It settled at number four ascompared to the sixth slot in the previous quarter

l Hebbal also moved up from number seven to thesixth slot in the current quarter

l HSR Layout and Bannerghatta Road saw a drop inbuyer interest. While HSR Layout moved down onespot to settle at number five, Bannerghatta Roadsettled at number seven as compared to the fifth spotit occupied in the last quarter

l Rajarajeshwari Nagar retained its place on the listas the eighth preferred locality for sale in the city

l Indira Nagar and Koramangala swapped places thisquarter to settle at number nine and ten,respectively

l For rented accommodation, buyer preference wasmore inclined towards the southern and centrallocalities over the IT hubs

l Koramangala and HSR Layout remained the top twolocalities, in that order, for rent

l Marathahalli improved its standing this quarter. Itmoved up two spots to settle at number three ascompared to the fifth spot in the last quarter

l While Indira Nagar dropped to number five,Whitefield retained its spot as the fourth preferredlocality for rent

l Bellandur, Electronic City and Sarjapur Roadretained their spots at number six, seven and eight,respectively. Rental values in these localities variedfrom Rs 12,500-20,000 per month

l JP Nagar moved up from the tenth spot it occupiedin the previous quarter to settle at number nine inthe current quarter. BTM Layout was a new entrantin the Oct-Dec 2014 quarter, at number ten

RENT

Note: Q3 Oct-Dec 2014,Q2 Jul-Sep 2014

Locality Rank Capital %ageQ3 Q2 Values change

Whitefield 1 1 3940 to 5160 -2%

Sarjapur Road 2 2 4040 to 5460 3%

Electronic city 3 3 2980 to 3910 0%

Marathahalli 4 6 3890 to 5170 7%

HSR Layout 5 4 3840 to 5090 -7%

Hebbal 6 7 5200 to 7020 6%

Bannerghatta Road 7 5 3770 to 5120 -4%

Rajarajeshwari Nagar 8 8 3510 to 4260 1%

Indira Nagar 9 10 6980 to 9070 -2%

Koramangala 10 9 7030 to 9260 0%

SALE

Note: Q3 Oct-Dec 2014,Q2 Jul-Sep 2014

Locality Rank Rental %ageQ3 Q2 Values change

Koramangala 1 2 21000 to 28000 3%

HSR Layout 2 1 16500 to 20500 0%

Marathahalli 3 5 15500 to 19500 -1%

Whitefield 4 4 14000 to 18000 -3%

Indira Nagar 5 3 19000 to 24500 4%

Bellandur 6 6 16000 to 20000 1%

Electronic city 7 7 12500 to 16000 4%

Sarjapur Road 8 8 16000 to 20000 3%

JP Nagar 9 10 15000 to 18500 8%

BTM Layout 10 15500 to 19500 0%

Devanahalli, Chikkabalapur, Hoskote, Anekal, Jigani

Home in your Budget

Upto Rs 20 Lakh

l Properties worth Rs 40-60 lakhwere available in Whitefield,Sarjapur Road, RajarajeshwariNagar, Abbigere and HSR Layout

l Properties worth Upto Rs 20lakh was in Devanahalli,Chikkabalapur, Hoskote, Jiganiand Bagaluru

l Indira Nagar, Koramangala,HRBR Layout and Yeshwantpursaw properties in the Rs 1 croreand Above category

Electronic City, Chandapura, KR Puram, Hosa Road Rs 20-40 Lakh

Whitefield, Sarjapur Road, Rajarajeshwari Nagar Rs 40-60 Lakh

Kanakapura Road, Bannerghatta Main Road, Yelahanka Rs 60-100 Lakh

Indira Nagar, Koramangala, Sahakar Nagar, Rajaji NagarRs 1 Crore & Above

BENGALURU 06 VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.comSource:Magicbricks.com

Budget wise Analysis

l Almost equal demand of 30 per cent each was noted for theRs 40-60 lakh and Rs 60-100 lakhcategories. However, bothcategories saw a slight drop indemand in the current quarter

l Supply was almost equally dividedamong different budget rangesexcept in the Upto Rs 20 lakhcategory, where it was found to belowest. Demand for 2BHK unitswitnessed a slight rise of 3 per centin demand

DEMAND - S UPP LY ANALYS I SBengaluru recorded the lowest demand for apartments across cities. Both demand and supply inthe category remained unchanged in the Oct-Dec 2014 quarter as compared to the last quarter.Residential houses saw a healthy demand of 30 per cent even though supply lagged at 11 per cent.

Supply in the city was found to be almost evenly distributed across different budget ranges exceptin the Upto Rs 20 lakh category. As compared to the last quarter, both demand and supply indifferent budget ranges remained almost unchanged. The highest supply was noted for 3BHKunits, even though demand was concentrated for 2BHK units. A slight rise of 3 per cent was notedfor smaller 1BHK units.

Property wise Analysis

l Apartments remainedoversupplied in the market. Supplyat 66 per cent led demand by 19 per cent. While supply wasstable in the last six month,demand dropped slightly by 1 per cent

l A marginal rise of 3 per cent wasnoted in the demand for residentialhouses. It grew from 26 per cent inthe last quarter to 29 per cent inthe current quarter. However,supply fell short by 18 per cent

BHK wise Analysis - City Level

l As observed in the last quarter2BHK units remained the preferredconfiguration in the Oct-Dec 2014quarter with 55 per cent demand.Supply lagged demand by 8 per cent at 47 per cent

l Units of 3BHK recorded the secondhighest demand and supply. Whiledemand settled at 31 per cent,supply stood at 40 per cent. Anoversupply of 6 per cent was notedfor the 4BHK and Above category

40

30

20

10

0

BHK wise Analysis

Budget wise Analysis

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Rs

BHK wise Analysis

Budget wise Analysis

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Rs

BHK wise Analysis

Budget wise Analysis

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Rs

BHK wise Analysis

Budget wise Analysis

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Rs

BHK wise Analysis

Budget wise Analysis

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Rs

CAPITAL VALUES LOCALITY WISE

Average Listed Residential Apartment Prices

Banashankari 4330 to 6000

Banaswadi 3830 to 4860

Bannerghatta Main Road 3770 to 5120

Begur Road 3240 to 4140

Bellandur 4200 to 5660

Bommanahalli 3650 to 4340

Brookefield 5050 to 6170

BTM Layout 4780 to 5940

Chandapura 2450 to 3170

CV Raman Nagar 4020 to 5650

Doddathoguru 2360 to 3070

Electronic City 2980 to 3910

Frazer Town 6020 to 7670

Gottigere 3310 to 4140

Harlur Road 4520 to 6030

HBR Layout 3650 to 4560

Hebbal 5200 to 7020

Hennur 3860 to 5210

Hennur Main Road 4390 to 5510

Hoodi 3670 to 4710

Hoodi Circle 2920 to 3960

Horamavu Agara 3590 to 4430

Hormavu 3550 to 4360

Hosa Road 2890 to 3730

Hosur Road 3620 to 4840

HSR Layout 3840 to 5090

Indira Nagar 6980 to 9070

ITPL 3800 to 4870

Jakkur 4180 to 5200

Jalahalli 3900 to 5150

JP Nagar 4080 to 5340

JP Nagar Phase 7 4480 to 5880

Kadugodi 3370 to 4050

Kaggadasapura 3500 to 4400

Kalyan Nagar 3450 to 4310

Kanakapura Road 4200 to 5540

Kengeri 3170 to 3920

Koramangala 7030 to 9260

KR Puram 3210 to 4020

Kudlu 3900 to 5130

Kundalahalli 3320 to 4410

Magadi Road 3450 to 4240

Mahadevapura 4160 to 5190

Malleshwaram 10280 to 13520

Marathahalli 3890 to 5170

Mysore Road 3560 to 4360

Nagarbhavi 3690 to 4590

Nagavara 4050 to 5220

Old Airport Road 4550 to 5790

Old Madras Road 4050 to 4990

Outer Ring Road 5250 to 6960

Panathur 3250 to 4390

Rajaji Nagar 9920 to 13200

Rajarajeshwari Nagar 3510 to 4260

Ramamurthi Nagar 3410 to 4220

RT Nagar 4010 to 5390

Sahakar Nagar 4860 to 6150

Sanjay Nagar 5280 to 6730

Sarjapur 2860 to 3880

Sarjapur Road 4040 to 5460

Silk Board 2380 to 3220

Singasandra 3340 to 4280

Surjapura 3100 to 4120

Thambuchetty Palya 3410 to 4300

Thanisandra 3910 to 5220

Uttarahalli 3290 to 3960

Varthur 3130 to 4010

Vidyaranyapura 3180 to 4060

Whitefield 3940 to 5160

Yelahanka 4010 to 5230

Yeshwantpur 6540 to 8170

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

BENGALURU

BENGALURU13VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

D I S C L A I M E REvery effort has been made to make this Index as complete and as accurate as possible. MagicBricksaccepts no responsibility for inaccuracies in the information/data contained in this book. It shall haveneither liability nor responsibility to any person or entity with respect to any loss or damage caused, oralleged to have been caused, directly or indirectly, by the information contained in this book. Theinformation/data in this book is subject to change from time to time due to market condition.

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PROPINDEX TEAMl Content & Research: E Jayashree Kurup, Dipti Tandon, Subodh Kumar, Rishab Jain,Sruthi Kailas, Ankit Sharma, Bhawna Mongia,Renu Arya, Aradhana Mozumdar, Girish Bindal,Neha Nagpal, Puneet Kukreja & Bikash Kumar.

l Layout Design: Harsha Khattar

l Cover Page Design: Raghav Krishnan & Rahul Nair

VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com