foreword - magicbricksproperty.magicbricks.com/microsite/buy/propindex/images/...rise of 1 per cent...

FOREWORD

Sudhir PaiBusiness Head, Magicbricks.com

PropIndex entered the fourth year of operations. In the first issue of theseries, PropIndex reflected the cautiously positive consumer sentimentwith the National Property Index rising by 1 per cent in the Apr-Jun 2014quarter. The City Index values too, remained even across cities with amarginal increase or drop of 1 per cent, except in Delhi.

Demand for property in the Upto Rs 20 lakh dropped across the country,contrary to the industry buzz that this is undersupplied and in greaterdemand. The 2BHK unit remained the most popular category across cities,reflecting the aspiration of urban dwellers to own a property that wouldmatch their lifestyles. The most preferred price range remained Rs 30-50 lakh, where supply was in plenty and the budget was within reachof the middle class, which remained out of the market for a few quarters.

Luxury properties, though in greater demand, remained over-supplied asdevelopers across the country chose to build in this category. As more unitshit the market, consumers have started choosing locations, budgets andconveniences in this category. Luxury values across cities have beenincluded as a separate annexure.

Rental values either dropped or stabilised in the quarter. The percentagegrowth in rental values was arrested as consumers again started lookingfor the buy option. Unlike the previous quarter, where rental values rose by5-10 per cent, in this quarter, it dropped by upto 5-6 per cent, across cities.

Demand preferences remained the same as in the previous quarters butwas not evenly spread across the city. Locations near economic corridorscontinued to post greater demand. However, unlike the previous quarter,besides IT, the manufacturing sector too, drove demand in select cities suchas Chennai. In Mumbai, the commercial hubs of the Bandra-KurlaComplex and even Thane drove demand. The completion of infrastructureprojects such as the Santa Cruz-Chembur Link Road and the the MetroPhase-I from Versova to Ghatkopar, which eased connectivity to thecommercial hubs, also contributed to change in demand patterns.

The Union Budget of 2014-15 presented recently, has addressed the housingmarket’s concerns in many ways. It has featured budget housing, financeissues, township development road map and development of smart cities aspart of the main Budget. While the outcome will take a while, the urbaninfrastructure and housing provisions are expected to boost sentiment.

These are exciting times and change is in the air. Share your views on thisreport and how we could make PropIndex even better. Write in [email protected].

APR-JUN 2014

In the Apr-Jun 2014 quarter, nomajor change was recorded in therespective City Indices, exceptDelhi, which registered a drop of4 per cent. All other Indicesexhibited minus 1 to plus 1 per cent change, indicating aslow market. No significantincrease was noted in supply,showing a cautious approach.

NPI is a weighted average ofsupply and values across 11 citiesin India. Average capital valuesacross cities showed a rangebound movement. On the otherhand, unlike the previous quarter,average rental values exhibited adrop. This resulted in a marginalrise or stable rental values in thelast six months.

Lack of policy favourable for thereal estate and no reduction in thehome loan interest rates after theformation of the new governmentalso impacted sentiments,contributing to the stable City

Index values. This led to a smallrise of 1 per cent in the NPI.

Bangalore, Chennai, Gurgaon,Kolkata and Pune noted a smallrise of 1 per cent in the CityIndex. On the other hand, Noida,Ghaziabad, Vadodara andMumbai City Indices remainedunchanged. Ahmedabad andHyderabad showed a small drop of1 per cent. Of the 12 cities tracked,Pune and Ghaziabad recorded thelowest number of localities with adrop in the average capital values.

The new government has laidspecial emphasis on the realestate sector in the Union Budget 2014-15.

With the modified version of RealEstate Investment Trusts (REITs),the development of 100 Smart Cities, reducing the sizeand capital requirements ofprojects eligible for FDI,launching affordable housingschemes to proposing additionaltax incentives on home loan, the

government has announced a slewof measures to infuse fresh lifeinto the real estae sector.

In this edition of the PropIndex,we have also included Vadodaraas an independent city. Theresidential market of Vadodararemained stable, with maximumdevelopment in and around thegrowth corridors such as OldPadara Road, Sama Savli Road,Waghodia Road and Gotri Road.

n Of the 12 cities 9 showed minorchanges in the CityIndices, while rentalmarket showedsubdued trends inmajority of the cities

n Properties worth uptoRs 30 lakh recorded asignificant drop indemand, whereas,properties worthabove Rs 30 lakh,across the budgetcategories, witnesseda rise

n Demand for 2BHKunits rose by 1-5 percent across the cities,except Gurgaon

IN THIS REPORT:

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

Pune.........................................4

Luxury......................................14

Annexures.................................18

NATIONAL PROPERTY INDEX (NPI)

VOL 4, ISSUE 1; APR-JUN, FY 2014-15

APR-JUN 2014

propindex.magicbricks.com

Source: Magicbricks.com

02VOL4, ISSUE 1; APR-JUN, FY 2014-15propindex.magicbricks.com

NATIONAL PROPERTY INDEX

l Except Gurgaon, all other citiesrecorded growing demand of 1-5 per cent for 2BHK units

l Properties worth Rs 30-50 lakhcontinued to top the buyerpreference chart with amarginal increase of 1 per centfrom the previous quarter

l Demand for mid-segmentproperties worth Rs 50-70 lakhand premium properties worthRs 1-2 crore rose by 6 per cent

l Supply of premium propertiesin 8 of the 12 cities outstrippeddemand

The Ahmedabad City Indexagain dropped by 1 per cent in theApr-Jun 2014 quarter. This wasprimarily on account of a drop inthe capital values by 1-4 per centin large number of localities inthe city. This kept the City Indexvalue intact. On the supply side,no significant change wasregistered in the current quarter.South Bopal showed maximumincrease in listings. The ListedPrice Monitor showed a similardrop of 1 per cent.

The Delhi City Index registered amaximum drop of 4 per centduring the Apr-Jun 2014 quarter.Increase in availability ofproperties on sale primarily in the

single floor units and drop in theaverage capital values by 1-9 per cent contributed to thedrop in the City Index. UttamNagar in West Delhi noted themaximum increase in supply,followed by Safdarjung Enclave inSouth Delhi. Over 80 per cent oftotal housing demand was forapartments. With nearly 45 per cent demand, 2BHK unitscontinued to be the most preferredBHK category at the city level,followed by 3BHK units with 41 per cent demand.

Similar to the previous quarter,the Gurgaon City Index rose by 1 per cent in the Apr-Jun 2014quarter as well. The Listed PriceMonitor, on the other hand,remained stable, unlike theprevious quarter where itrecorded a drop of 1 per cent. No major change was recorded inaverage capital values in thecurrent quarter. However, therental market showed a drop,unlike the previous quarter.

Similar to the previous quarter,the Noida City Index showed nochange. Increase in availability ofresidential apartments for salecoupled with an overall stabilityin the average capital valuesarrested the growth of the CityIndex. This too, kept the ListedPrice Monitor unchanged in thecurrent quarter.

Unlike the drop of 1 per cent inthe Jan-Mar 2014 quarter, theGhaziabad City Index alsoremained unchanged. The ListedPrice Monitor recorded a drop of1 per cent. Unlike other parts ofthe Delhi-NCR, Ghaziabad posteda rise between 1-3 per cent incapital values. Lal Kaun at 11 per cent was an exception.

Over 65 per cent of residentiallocalities tracked in the citywitnessed a rise in the averagecapital values. This arrested thefall of the City Index inspite ofslow uptake in the residentialmarket. The Mumbai City Indexremained unchanged in the Apr-Jun 2014 quarter unlike theprevious quarter where itregistered a rise of 1 per cent. The Listed Price Monitor alsoremained unaltered against the

Locality RankQ1 Q4

Mumbai 1 1

Bangalore 2 2

Pune 3 3

Chennai 4 4

Gurgaon 5 8

Kolkata 6 6

New Delhi 7 7

Hyderabad 8 5

Ghaziabad 9 9

Noida 10 10

Preferred Cities - Sale

Note: Q4 Apr-Jun 2014, Q1 Jan-Mar 2014

Preferred Cities - Rent

Locality RankQ1 Q4

Mumbai 1 1

Pune 2 2

Bangalore 3 3

New Delhi 4 4

Chennai 5 5

Hyderabad 6 6

Gurgaon 7 7

Ghaziabad 8 10

Kolkata 9 8

Noida 10 9Note: Q4 Apr-Jun 2014, Q1 Jan-Mar 2014




03VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

2 per cent rise it witnessed in theJan-Mar 2014 quarter.

East and West Pune remained themost preferred residentialcorridors, quarter-over-quarter. No significant change was noted inthe average capital values. Theincrease or drop in values wasregistered between minus 4 to 6 per cent, with a healthy supply.This led to a 1 per cent rise in thePune City Index.

A 1 per cent increase wasregistered in the Kolkata CityIndex. Inspite of increase in theaverage capital values in majorityof the localities tracked in the city,the Listed Price monitor remainedunchanged. Statistics showedmaximum residential developmentin South and East Kolkata,followed by North Kolkata. Thecity continued to yield higherrental returns of over 3 per cent,owing to lower base price ofproperty and healthy rental valuesin comparison to othermetropolitan cities.

Similar to the previous quarter,the Chennai City Index continuedto rise. It rose by 1 per cent yetagain in the Apr-Jun 2014 quarter.The Listed Price Monitor reporteda drop of 2 per cent in the currentquarter against a rise of 4 per centin the Jan-Mar 2014 quarter.Residential properties worth Rs 40-60 lakh remained the mostpreferred budget category, followed

by properties in the budget rangeof Rs 20-40 lakh at 25 per cent.

Post the peace that followed theTelangana decision, Hyderabadseemed to have stabilised. Theresidential property sector wasrelatively subdued in the Apr-Jun 2014 quarter, as comparedto the Jan-Mar 2014 quarter. TheHyderabad City Index dropped by 1 per cent, primarily attributed tostable property prices and infusionof new inventories at a steadypace. This arrested the City Indexgrowth. The Listed Price Monitoralso dropped by 1 per cent asagainst a drop of 3 per cent in theprevious quarter.

Bangalore City Index rose by 1 per cent, in line with the NPI.With buyer sentiments in a wait-and-watch mode post elections, theBangalore market has been mostlypassive, resulting in little changein property values in the currentquarter. There was no change inthe Listed Price Monitor. However,the rental market was subdued inthe current quarter unlike theprevious quarter.

The Vadodara City Index valueremained unchanged during theApr-Jun 2014 quarter. Drop in theaverage capital values in areaswitnessing maximum developmentarrested the growth of the CityIndex. This resulted in the CityIndex value remaining unchangedin the current quarter.

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 Preference

30%

25%

20%

15%

10%

5%

0%

1%

5%

25%

21%

17% 18%

12%

TOP Y IELD 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

Bangalore, Sarjapur Road 4.97%Kolkata, Banshdroni 4.78%Hyderabad, Nallagandla 4.41%Ahmedabad, Vejalpur 4.20%Chennai, OMR 3.92%Delhi, Uttam Nagar 3.62%Noida, Sector-92 3.42%Mumbai, Parel 3.31%Pune, VL Vishrantivadi 3.18%Ghaziabad, Indirapuram 3.01%Gurgaon, Sushant Lok 2.99%

CAPITAL GAINS

The table given below indicatesmaximum increase in capital values ineach city.

Locality % Change

Ghaziabad, Lal Kuan 11.36%

Bangalore, Sahakar Nagar 10.27%

Hyderabad, Begumpet 9.20%

Kolkata, Narendrapur 8.46%

Mumbai, Mulund West 7.66%

Ahmedabad, Ghatlodia 7.46%

Chennai, Anna Nagar West 6.69%

Pune, Kalyani Nagar 5.85%

Noida, Sector-93A 4.75%

Delhi, Kalkaji 3.31%

Gurgaon, Sector-67 2.08%


Source: M

agicbricks.com

PROPINDEX - PUNEUnlike other cities, Pune real estatemarket has remained positive in thelast six months. Most localitiestracked recorded a minor rise of 1-3 per cent in capital values duringthe Apr-Jun 2014 quarter. Thispushed up the City Index by a percent, as compared to the 3 per centrise witnessed in the previous quarter.Supply in the city remained largelystable in the last three months, whichalso arrested the growth of the City Index.

Rental values across different zones inthe city also stabilised in the currentquarter. More than 60 per cent of thelocalities tracked witnessed a drop inrental values, negating the riserecorded in the previous quarter.

The stabilised rental market had animpact on the Yield Meter of the cityas well. Rental returns dropped from2.18-3.25 per cent recorded in theJan-Mar 2014 quarter to 1.45-3.18per cent in the Apr-Jun 2014 quarter.

Key locations, driven primarily by IT,were preferred for both sale as well aslease. Wakad witnessed themaximum buyer interest for bothoutright sale and lease. Otherlocalities that were popular for bothrent as well as for buying includedMagarpatta, Pimple Saudagar, VimanNagar and Kharadi.

Nearly 60 per cent supply in the citywas seen for properties priced at Rs 60 lakh to Rs 1 crore and above.Localities in Central Pune witnessed asignificant supply of premiumproperties priced above Rs 1 crore.However, demand was seen forproperties priced between Rs 40 lakhand Rs 1 crore.

Even though more than 20 per centdemand was seen for smaller housingunits (1BHK) across zones, a gradualdrop in buyer interest was noted in allzones. A drop of 2-6 per cent wasseen in demand of these units indifferent zones. Buyer interest grew forthe 2BHK units even though supplyfor the same remained subdued anddisplayed a negative trend in thecurrent quarter.

Buyer preference continued to growfor apartments in the city. A significantincrease of 4-10 per cent wasrecorded in the demand forapartments across zones during thecurrent quarter. Supply also kept pacewith demand in all zones.

Pune City Index rose by 1 per cent in the Apr-Jun 2014 quarteras compared to the 3 per cent rise witnessed in the previousquarter. The Listed Price Monitor, on the other hand, remainedstable since the Jan-Mar 2014 quarter. This was in contrast tothe 3 per cent rise recorded in the previous quarter.

l Capital values exhibited nosignificant change. The increaseor drop in values was registeredbetween minus 4 to 6 per cent,with healthy supply, leading to a1 per cent rise in the City Index

l The Listed Price Monitorremained unchanged. Thisshows stable market pricetrends on the back of strongfundamentals of demand andsupply. However, the RentMonitor exhibited a drop inaverage rental values incomparison to the previousquarter

l Yield Meter shows an annualrental return in the city between1.45-3.18 per cent. Except TingreNagar and VL Vishrantivadi, all other areas recorded a grossyield of below 3 per cent

l East and West Pune remainedthe most preferred residentialcorridor, quarter-over-quarter

l Eight out of the 10 preferredresidential localities for rent inthe city, continued to hold theirpositions in the last six months.A similar trend was recorded inthe sale chart

l Over 30 per cent residentialdemand was recorded forproperties in the budget rangesof Rs 40-60 lakh and Rs 60-100lakh. However, supply remainedshort in the Rs Rs 40-60 lakhcategory

l Less than 10 per cent demandand supply was recorded forproperties worth Upto Rs 20 lakhacross the city

l Residential pockets in Centraland South Pune witnessed over20 per cent demand forproperties worth Rs 1 crore and Above

l Demand for small size units(1BHK) outstripped the supplywith a significant margin. Thisindicates a significant scope fordevelopment in the saidconfiguration. However, theinverse trend was recorded forlarger units of 3BHK and above

l Over 85 per cent demand andsupply was registered forapartments. In the residentialplots category, demandcontinued to outstrip supplyacross regions, except in Central Pune

Key Takeaways

E d i t o r i a l

PUNE 04VOL4, ISSUE 1; APR-JUN, FY 2014-15propindex.magicbricks.com


l The capital market remained positive in the currentquarter with more than 75 per cent of the trackedlocalities recording a rise or stable values

l Localities in and around the IT Parks and ITcompanies such as Kharadi, Kalyani Nagar,Hadapsar, Kothrud, Wagholi and Magarpatta,recorded a rise of 2-6 per cent in capital values

l Kalyani Nagar and Hadapsar recorded the highestincrease in values in the current quarter

l Bibwewadi registered the highest drop of 4 per centin capital values during the current quarter. Otherlocalities that witnessed a drop included Wanowrie,Bavdhan and Aundh

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

Prabhat Road 20.88 17,300 1.45%

Viman Nagar 17.04 7,075 2.89%

Kalyani Nagar 18.69 8,600 2.61%

Baner Road 13.24 6,925 2.29%

VLVishrantivadi 13.65 5,150 3.18%

Magarpatta 16.43 7,325 2.69%

Kharadi 12.11 5,950 2.44%

Wakad 11.78 5,900 2.39%

Aundh 15.78 8,250 2.30%

Pimple Saudagar 13.03 6,125 2.55%

Y I E L D M E T E R

l The Magicbricks Yield Meter ranged from 1.45-3.18 per cent during the Apr-Jun 2014 quarter.This was in contrast to the range of 2.18-3.25 percent in the previous quarter. Stabilised rentalmarket seems to have restricted the rental returns

l Vishrantivadi clocked the highest rental return inthe quarter with 3.18 per cent yield

l Other localities that recorded a healthy yieldincluded Kalyani Nagar, Magarpatta and PimpleSauadgar with returns in the range of 2.55-2.69 per cent

l With 1.45 per cent rental yield, Prabhat Roadregistered the lowest returns in the current Apr-Jun 2014 quarter

RENT MON I TOR

l As opposed to the rise in rental values recorded inthe previous quarter, there was a drop in the Apr-Jun 2014 quarter

l More than 60 per cent of the tracked localitiesrecorded a drop in rental values during the current quarter

l However, some localities such as Wanwadi, NewSangvi, Bibwewadi, NIBM Road and Pashan-SusRoad, recorded a rise of 4-5 per cent in rental values

l The maximum drop in rental values was seen inlocations such as Baner Road, Kharadi and Aundh.Values dropped by 4-5 per cent during the Apr-Jun 2014 quarter

0%

PUNE05VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

Source: Magicbricks.com Source: Magicbricks.com


PREFERRED LOCALITIES

l All localities in the list of the top ten preferredlocalities for sale witnessed a rise of 2-6 per cent incapital values, except Hinjewadi and Baner wherethe values remained unchanged

l The top six spots on the list remained unchangedsince Jan-Mar 2014 with Wakad topping the list

l As observed in the previous quarter, PimpleSaudagar, Kharadi, Hinjewadi, Baner andMagarpatta occupied the second to the sixth spotson the list

l Preference for Viman Nagar improved in the Apr-Jun 2014 quarter. The locality jumped threepositions to settle at the seventh spot

l Inspite of being the most affordable locality on thelist, Wagholi dropped two slots from the seventhposition to settle at number nine. Capital values inthe locality varied from Rs 4,000-4,900 per sq ft

l A similar drop was seen for Kothrud which droppedone position from ninth to the tenth slot

l Most localities on the list of the top ten preferredrental destinations were either IT hubs or situatedin proximity to the IT hubs

l Wakad and Magarpatta retained their positions onthe top of the chart as the most preferred localitiesfor rent. However, rental values in both the locationswitnessed a marginal drop

l Pimple Saudagar, Kharadi and Hadapsar moved up aposition each on the chart to settle at the third,fourth and ninth slots

l Viman Nagar dropped two positions from the thirdto the fifth spot in the current quarter.

l Baner and Viman Nagar were the only two localitieson the list to have recorded a rise of 1-2 per cent inrental values in the current quarter

l Both Kothrud and Baner retained their positions on the list at seventh and eighth spots in the Apr-Jun 2014 quarter as well

RENT


Locality Rank Capital %ageQ1 Q4 Values change

Wakad 1 1 5550 to 6500 2%

Pimple Saudagar 2 2 5850 to 6650 2%

Kharadi 3 3 5550 to 6700 2%

Hinjewadi 4 4 5200 to 6400 0%

Baner 5 5 6300 to 7750 0%

Magarpatta 6 6 6850 to 8200 2%

Viman Nagar 7 10 6550 to 8050 3%

Hadapsar 8 8 4700 to 6200 6%

Wagholi 9 7 4000 to 4900 3%

Kothrud 10 9 8450 to 10800 2%

SALE


Locality Rank Rental %ageQ1 Q4 Values change

Wakad 1 1 11500 to 14500 -2%

Magarpatta 2 2 16000 to 20500 -1%

Pimple Saudagar 3 4 13000 to 16000 4%

Kharadi 4 5 12000 to 15000 -4%

Viman Nagar 5 3 17000 to 21500 1%

Aundh 6 6 15500 to 20000 -4%

Kothrud 7 7 15500 to 19000 2%

Baner 8 8 12500 to 16500 -3%

Hadapsar 9 10 11000 to 15000 -9%

Hinjewadi 10 9 11000 to 13500 0%

Hinjewadi, Wagholi, Balewadi, Talegaon Dabhade

Home in your Budget

Upto Rs 20 Lakh

l Maximum supply of affordableand mid range propertiespriced upto Rs 60 lakh wasseen in Wagholi

l Maximum supply in the Rs 60-100 lakh range was inKharadi, Wakad, Baner andViman Nagar

l Luxury properties pricedabove a crore wereconcentrated in locations suchas Kalyani Nagar, KoregaonPark and Magarpatta

Wagholi, Dhanori, Undri, Wadgaon Sheri, Tingre NagarRs 20-40 Lakh

Wagholi, Wakad, Hadapsar, KharadiRs 40-60 Lakh

Kharadi, Wakad, Baner, Balewadi, Viman NagarRs 60-100 Lakh

Kalyani Nagar, Baner, Aundh, Koregaon Park, MagarpattaRs 1 Crore & Above




Witnessing a surge in residential and commercial spaces, Pune realty market hasbeen expanding its footprints. More agriculture land around the city will now beused for residential development. Boasting state-of-the-art projects, this culturalcapital of the country, also offers ample affordable options in the far flung areas.

Fringe villages now set to feature on Pune’s realty mapThe fringe areas will soon witness a construction boom as the state government hasapproved the expansion of existing boundaries of gaothans (village sites). This meansmore agriculture land around the city will now be used for residential purpose. Gaothanis used for settlements. Construction is allowed in this area as land beyond gaothan isused for non-residential purposes. The Chief Minister, accepted the Town Planning (TP)department’s proposal to expand the boundaries of village sites in Pune district.

n The Times of India, Pune

Find flats under Rs 20 lakh in Pune Apartments below Rs 20 lakh in Pune? It is not. Localities such as Wagholi, TalegaonDabhade, Chakan, Hinjewadi and Undri offer several 1BHK apartments in this budget,according to the data with Magicbricks. All these localities offer good connectivity andare well-developed in terms of social infrastructure with further ongoing developmentto improve their liveability. The fact that these localities offer such affordableapartments in Pune is attracting several home buyers to these areas.

n Magicbricks.com Bureau

R E A L T Y N E W S

To read full story and more news go to www.content.magicbricks.com

Since the new government has taken charge,Pune Real Estate has started gainingmomentum. Locations involved in theDevelopment Plan have earned prominencein the buyers priority list. Buyers are thrivingfor quality which is available in the outskirtsnear Wagholi and Undri. These are beingevolved under the City Development Planwhich will be the growth drivers of theseareas in future.

Nikhil JainRRiddhi Siddhi RealEstate

E X P E R T S P E A KBroker

The residential market in Pune witnessed aslow phase of sales growth over the last fewquarters. The premium segment facedchallenges due to the large apartment sizesleading to high ticket values. Developers inthe mid-market segment understood this keyfactor and numerous new projects werelaunched offering small sized units leading togrowth in unit sales. This trend is expected tobring life back into the residential market .

Rishav VijAssociate DirectorOffice ServicesColliers International

Consultant

Anant PanditChairmanApex Multicons

Q&A

How has the city performed in the lastquarter with respect to capital values indifferent areas? Why?

In Pune, we have seen no movement inreal estate and the capital market hasbeen sluggish since the last three months.The only new breather was theexpectation from the new government dueto which there was improvement insentiments which is why the market did alittle better.

Which budget ranges have done well inthe last quarter and why?

The budget ranges that worked best arebetween Rs 15-25 lakh and the secondwas Rs 40 lakh properties, as they wereaffordable and first homes for many. Theworst that performed was between Rs 70-90 lakh. The properties above Rs 1crore were impassive as they cateredto a niche market which remainedunaffected by inflation.

What type of property is in demand?

Properties of 1BHK were most in demandby home buyers and sold like hot cakes.

Which areas or corridors have seen themaximum launches in the last quarter?Which areas are expected to see newlaunches//possession in the comingmonths?

Areas of the Wagholi – Kharadi and theWakadewadi to Ravet have been doingwell and will continue to do well in thecoming time.

Any new infrastructure project that hadan impact on the real estate market inthe last few months or is expected toimpact the market in coming months?

If the Ring Road development, which hasbeen in discussion for long, startsfunctioning, it will open up new corridorsas it will improve the connectivity of Pune.

Basically, then one would not have totravel through the city to go from onevenue to another. This easy accessibilitywill have a positive impact on the realestate market of the city.


Budget wise Analysis

l The highest demand and supplywas noted in the Rs 60-100 lakhcategory. While demand inched upby 4 per cent to settle at 37 per cent,supply dropped by 2 per cent tosettle at 34 per cent

l Demand for Rs 40-60 lakh was alsohigh at 30 per cent. Supply laggedbehind at 21 per cent, registering ashortfall of 9 per cent. This trendwas observed in the previousquarter as well

DEMAND - S UPP LY ANALYS I SDemand inched up for properties priced over Rs 60 lakh in the Apr-Jun 2014 quarter. Supply alsomatched demand in the segment. The Rs 40-60 lakh category was under-supplied, as recorded inthe previous Jan-Mar 2014 quarter.

Demand for smaller units (1BHK) dropped during the Apr-Jun 2014 quarter while the 2BHKcategory saw a rise. However, both these categories remained under-supplied in the said quarter.Oversupply was noted for larger units of 3BHK and 4BHK and Above. Buyer preference forapartments continued to rise in the city, posting a rise of 7 per cent from the previous quarter.Demand and supply remained low for both residential houses and plots in the current quarter.

Property wise Analysis

l Apartments remained the mostpreferred as well as suppliedproperty type in Pune, withdemand and supply at almost 90 per cent. Demand posted apositive trend recording a rise of7 per cent

l Demand dropped by 3-4 per cent forresidential houses and plots in theApr-Jun 2014 quarter as comparedto the previous quarter. Supplyremained almost stable in the lastsix months across all categories

BHK wise Analysis - City Level

l At the city level, maximumdemand and supply was noted for2BHK units. Demand moved up by4 per cent in the current quarter tosettle at 54 per cent. Supply on theother hand was 47 per cent,consistent to the previous quarter

l Healthy demand was noted for1BHK units. While demand at28 per cent witnessed a drop of3 per cent from the previousquarter supply remained almoststable at 17 per cent

40

30

20

10

0<20 20-40 40-60 60-100 100 &

above

1

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

1

19

15

31 3033

37

1617

(Jan-Mar 2014)

(Apr-Jun 2014)

Budget wise Analysis - City Level

DEMAND

40

30

20

10

0<20 20-40 40-60 60-100 100 &

above

4Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

4

17 17

22 21

3634

21

24

(Jan-Mar 2014)

(Apr-Jun 2014)SUPPLY

BHK Configuration - City Level

60

50

40

30

20

10

0

3128

5154

17 17

2 1

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above

DEMAND SUPPLY

60

50

40

30

20

10

0

17 17

48 47

2729

8 7

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above

Property wise Analysis - City Level

100

80

60

40

20

0

8289

63

128

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

Apartment Residential House Residential Plot

DEMAND

100

80

60

40

20

0

88 90

8 6 4 4

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

Apartment Residential House Residential Plot

SUPPLY


Source: M

agicbricks.comS

ource: Magicbricks.com

Source: M

agicbricks.com

Demand and supply for luxury properties was healthy in South Pune. More than 25 per cent demand and supply was noted in the category. The highest demand and supplywas concentrated for properties in the Rs 60-100 lakh range.

Apartments continued to be the preferred property type. Demand moved up by 7 per cent.Consumer preference rose for 3BHK units. A corresponding increase in supply was alsonoted. Buyer preference for 2BHK units, the most demanded category, dropped in thecurrent quarter. A healthy demand and supply was also noted for 1BHK units.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1 crore and above

DEMAND SUPPLY

DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l The highest demand was noted in the Rs 60-100 lakh category.Demand inched up by 2 per cent to settle at 38 per cent, while supplyin the category dropped by 4 per cent to settle at 30 per cent

l Supply matched demand for premium properties priced at Rs 1 croreand Above. While demand witnessed a rise of 5 per cent to settle at26 per cent, supply was stable at 27 per cent in the Apr-Jun 2014quarter

l Almost similar demand and supply was noted in the Rs 40-60 lakhcategory as well. Buyer interest in the category dipped by 3 per centwhile supply remained unchanged in the last six months at 22 per cent

DEMAND & SUPPLY - South Pune


l Demand for apartments rose by 7 per cent in the Apr-Jun 2014quarters settling at 91 per cent. However, a slight drop of 2 per centwas noted in the supply, which settled at 89 per cent

l Demand dropped in all other categories. Demand for plots (11%), forinstance, witnessed a drop of 5 per cent in the current quarter whileresidential houses saw a marginal drop of 2 cent in buyer interest.

l Supply for residential houses moved upwards from the Jan-Mar 2014quarter. From 5 per cent in the previous quarter it settled at 7 per cent in the current quarter. Supply of plots, on the other hand,remained unchanged in the last six months at 4 per cent

BHK wise Analysis

l More than 50 per cent demand was seen for 2BHK units, consistentto the previous quarter. However, supply dropped by 7 per cent in thepresent quarter to settle at 40 per cent

l Both demand and supply moved up for the 3BHK units. Whiledemand recorded a rise of 5 per cent from the quarter to settle at 24 per cent, supply inched up by 3 per cent to 30 per cent in the Apr-Jun 2014 quarter

l A healthy demand and supply was registered for the 1BHK categoryas well. However, a drop of 4 per cent was noted in demand in thecurrent quarter. Supply, on the other hand, inched up by 2 per centin the current quarter

Q4 Q1

15 11

36

27

21

24

38

26

Q4 Q1

1317

34

22

28

22

30

27

Q4 Q1

8491

Q4 Q1

91 89

Q4 Q1

5151

26 22

19 24

Q4 Q1

4047

18 20

27 30

8 10

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

11 67





A significant rise in demand was noted for properties priced at Rs 40-100 lakh. Ascompared to the previous quarter, a rise of 16 per cent was noted in the category. However,supply fell short of the demand. An over-supply was noted for luxury properties.

A considerable rise of 10-12 per cent was recorded in the demand and supply ofapartments. The 2BHK category was preferred by buyers leading to a rise of 8 per cent indemand for the category. Preference for 1BHK units witnessed a drop this quarter whilean over-supply was noted for larger units of 3BHK and 4BHK and Above.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY

DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l Almost 45 per cent demand was noted in the Rs 40-60 lakh category, arise of 5 per cent from the previous quarter. The highest supply of31 per cent was also noted in the same category, signifying amismatch of 13 per cent

l A significant rise of 12 per cent was noted in the budget range of Rs 60-100 lakh in the current quarter. While demand was at 30 per cent, supply stood stable at 22 per cent for the last six months

l An over-supply of 9 per cent was noted in the Rs 20-40 lakh category.While demand dropped by 13 per cent from the last quarter to settleat 20 per cent, supply was stable at 29 per cent

DEMAND & SUPPLY - North Pune


l Apartments witnessed a significant change in the demand andsupply this quarter. Demand at 88 per cent registered a rise of 10 per cent. Supply also rose by 12 per cent settling at 89 per cent

l Demand in all other categories showed a negative trend. Demand forplots dropped by 6 per cent while supply for the same inched up by 1 per cent. However, demand still led supply by 3 per cent in the Apr-Jun 2014 quarter

l Supply of residential houses saw a significant drop in the Apr-Jun 2014 quarter. As compared to the 19 per cent availabilityrecorded in the previous quarter, it plummeted to 6 per cent in thecurrent quarter

BHK wise Analysis

l A considerable increase of 8 per cent was noted in the demand for2BHK units in the Apr-Jun 2014 quarter. While 57 per cent demandwas seen for the category supply inched up 2 per cent this quarter tosettle at 50 per cent

l A drop of 6 per cent was noted in the demand of 1 BHK units ascompared to the previous quarter. Demand dropped from 41 to 35 per cent while supply was almost stable at 23 per cent

l Both 3BHK and 4BHK and Above categories recorded an over-supply.While supply led demand by 13 per cent for the 3BHK units, an over-supply of 6 per cent was recorded for the 4BHK and Above category

Q4 Q1

20

33

3944

18 30

Q4 Q1

2928

30

7

31

22 22

13 13

77

88

Q4 Q1

77

89

Q4 Q1

Q4 Q1

49 57

41

9 8

34

Q4 Q1

48 50

22

2021

23

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

9

14 819 6

10 6

6





Demand perfectly matched supply for properties in the Rs 60-100 lakh. It was also thepreferred budget range in the zone. Supply led demand for luxury properties priced aboveRs 1 crore while supply fell short of the demand in the Rs 40-60 lakh category.

More than 50 per cent demand was noted for 2BHK units. It was also the most suppliedcategory. Smaller units (1BHK) were under-supplied while an over-supply was noted for3BHK units. At 88 per cent, apartments continued to be the preferred category in the zone.Supply for plots and residential houses was low.


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY

DEMAND SUPPLY



l Maximum demand and supply in West Pune was noted in the Rs 60-100 lakh category. Demand moved up by 5 per cent to settle at45 per cent. Thus, demand matched supply which also stood at 44 per cent this quarter

l As compared to the previous quarter, demand in the Rs 40-60 lakhcategory dropped by 3 per cent to settle at 27 per cent. Supply laggedbehind demand by 8 per cent in the Apr-Jun 2014 quarter

l An over-supply of 7 per cent was noted for premium propertiespriced at Rs 1 crore and Above. Both remained almost unchanged inthe last six months, with supply at 23 per cent and demand at 16 per cent

DEMAND & SUPPLY - West Pune


l Both demand and supply in West Pune recorded an upwardmovement in the Apr-Jun 2014 quarter. While demand at 88 per centsaw a rise of 4 per cent, supply (90%) moved up marginally

l Plots witnessed a drop of 2 per cent in demand in the currentquarter. It moved from 11 per cent in the last quarter to 9 per cent inthe current quarter. Supply stood stable at 4 per cent during the lastsix months

l Supply for residential houses led demand by 3 per cent. However, itdropped by 2 per cent this quarter as compared to the Jan-Mar 2014quarter. Demand also dropped by the same margin in the currentApr-Jun 2014 quarter

BHK wise Analysis

l More than 55 per cent demand in West Pune was concentrated forthe 2BHK units. An increase of 4 per cent was observed in demandsince the last quarter. Supply, at 47 per cent, recorded a d drop of 2 per cent from the Jan-Mar 2014 quarter

l The 1BHK category saw a healthy demand of 26 per cent in the Apr-Jun 2014 quarter, a drop of 2 per cent from the previous quarter.Supply, at 15 per cent, fell short of demand by 11 per cent in thecurrent quarter

l An over-supply of 14 per cent was noted in the 3BHK category. Bothdemand (17%) and supply (31%) remained almost stable in the lastsix months

Q4 Q1

1114

30

40 45

27

1615

Q4 Q1

1111

20

44 44

19

2322

8488

Q4 Q1

8890

Q4 Q1

BHK wise Analysis

DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

Q4 Q1

52 56

28

18 17

26

Q4 Q1

49 47

14

30 31

15

77

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

11 98 6





Maximum demand was noted for properties priced Rs 40-100 lakh. An increase in demandwas noted in this category. Supply in the zone was uniformly distributed in all categoriesexcept the Upto Rs 20 lakh range. The highest supply was noted for Rs 60-100 lakh budget.

Demand was largely concentrated for smaller 1 and 2BHK units. While more than 50 per cent buyer interest was noted for the 2BHK category, 1BHK units recorded ademand of 30 per cent. Nearly 90 per cent demand and supply was seen for apartments,the preferred property type in the zone.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY

DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l Over 30 per cent demand was noted for both Rs 40-60 lakh and Rs 60-100 lakh categories. This was a rise of 5 per cent in the Rs 60-100 lakh category. However, supply in both categoriesremained low, signifying a mismatch in the current quarter

l An over-supply was noted for premium properties of Rs 1 crore andAbove. Supply moved up by 4 per cent to settle at 24 per cent, leadingdemand by 8 per cent which stood stable in the last six months at 16 per cent

l Supply matched demand for properties in the range of Rs 20-40 lakh.However, demand fell by 5 per cent and supply by 2 per cent this Apr-Jun 2014 quarter

DEMAND & SUPPLY - East Pune


l Demand and supply for apartments registered a rise of 7 and 3 per cent, respectively, in the Apr-Jun 2014 quarter. With 89 per centdemand and 91 per cent supply, apartments were the only categorythat witnessed a positive trend in the current quarter

l Demand for plots dropped from 12 to 8 per cent in the currentquarter. Supply at 3 per cent fell short of demand

l As observed in the previous quarter, residential houses were theleast preferred property type. Demand further dropped in the Apr-Jun 2014 quarter from 6 to 3 per cent. Supply also showed anegative trend registering a fall of 2 per cent from the previousquarter (Jan-Mar 2014)

BHK wise Analysis

l Demand for 2BHK units, the most preferred category, inched up by 4 per cent in the current quarter to settle at 53 per cent. Supply onthe other hand lagged behind demand by 4 per cent

l The 1BHK category was the second most preferred with a healthydemand of 30 per cent. Though this was a drop of 3 per cent fromthe previous quarter demand led supply by 13 per cent in thecurrent quarter

l An over-supply of 11 per cent was noted for the 3BHK units in theApr-Jun 2014 quarter. While supply moved up by 3 per cent to settleat 27 per cent, demand was stable at 16 per cent since the previousquarter of Jan-Mar 2014

Q4 Q1

2520

26

3132

31

16 16

Q4 Q1

23 21

30

23 23

28

20 24

8289

Q4 Q1

88 91

Q4 Q1

Q4 Q1

49 53

16

33 30

16

Q4 Q1

50 49

24

19 17

2777

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

6

12 88 6





Supply in Central Pune was for properties priced above a crore. Buyers were interested inthe category with more than 45 per cent demand. This was a rise of 6 per cent from theprevious quarter, clearly reflecting the buyer preferences. Demand and supply remainedlow for affordable properties worth below Rs 20 lakh.

In the BHK configurations, the maximum demand was noted for smaller housing units of1 and 2BHK with a combined demand of more than 70 per cent. Supply witnessed aconsiderable drop across all categories with maximum availability for 3BHK units.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY

DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l In central Pune, both demand and supply was inclined towards thepremium category (Rs 1 crore and Above). While demand moved upby 6 per cent this quarter to settle at 46 per cent, supply settled at 70 per cent, a rise of 5 per cent from the previous quarter

l Equal demand was noted in the Rs 40-60 lakh and Rs 60-100 lakhcategories. However, supply fell short in both ranges. While ashortfall of 13 per cent was noted in the former, supply in the Rs 60-100 lakh range fell short by 6 per cent

l Negligible demand and supply was noted for affordable propertiespriced below Rs 20 lakh. Demand dropped by 3 per cent for the Rs 20-40 lakh category

DEMAND & SUPPLY - Central Pune


l As observed in the previous quarter, highest demand for apartmentswas recorded in Central Pune at 97 per cent. This was a significantrise of 7 per cent from the previous quarter

l Supply of apartments stood at 91 per cent. However, this was a dropof 3 per cent from the previous quarter. Localities such as Boat ClubRoad and Prabhat Road recorded a healthy supply of these units

l Demand for residential houses recorded a drop of 5 per cent in theApr-Jun 2014 quarter as compared to the previous quarter. It stoodat 2 per cent as opposed to the 7 per cent recorded in the previousquarter. Supply in the category was 7 per cent

BHK wise Analysis

l Highest demand was noted for 2BHK units with 40 per cent buyerinterest. The 1BHK category followed a close second with 32 per centdemand. However, supply fell short by 17 and 19 per cent,respectively. Both categories witnessed a drop of 4 and 11 per centrespectively in supply in the Apr-Jun 2014 quarter

l A significant rise of 13 per cent was noted in the supply of 3BHKunits in the current quarter. Supply at 38 per cent led demand by 13 per cent

l A significant mismatch between demand and supply was noted inthe 4BHK and Above category. Supply at 25 per cent led demand by23 per cent in the current quarter

Q4 Q1

1013

23

2321

22

4640

Q4 Q1

6

11

1715

9

7065

9790

Q4 Q1

9194

Q4 Q1

Q4 Q1

4039

32

2521

35

Q4 Q1

23

34

14

3825

18

23 25

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

7 7





14VOL4, ISSUE 1; APR-JUN, FY 2014-15propindex.magicbricks.com

DELHI

DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 & Above

East 33% 22% 27% 6% 12%North 28% 21% 26% 9% 16%South 11% 19% 30% 11% 29%West 39% 21% 19% 6% 15%City 20% 20% 27% 9% 24%

SUPPLYEast 25% 31% 15% 9% 20%North 14% 18% 26% 14% 28%South 4% 9% 17% 15% 55%West 34% 29% 16% 7% 14%City 8% 12% 17% 14% 49%

GURGAON

DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 cr & Above

Dwarka Expressway 30% 29% 29% 1% 11%Golf course Extn Rd 26% 16% 25% 11% 22%New Developing Sectors 48% 22% 26% 3% 1%New Gurgaon 24% 25% 25% 10% 16%Old Gurgaon 27% 20% 24% 9% 20%Sohna Road 42% 24% 23% 5% 6%City 27% 23% 24% 10% 16%

SUPPLYDwarka Expressway 26% 30% 15% 8% 21%Golf course Extn Rd 14% 22% 27% 11% 26%New Developing Sectors 64% 26% 2% 1% 7%New Gurgaon 16% 23% 22% 13% 26%Old Gurgaon 15% 35% 25% 9% 16%Sohna Road 37% 34% 13% 9% 7%City 18% 24% 22% 11% 25%

NOIDA


New developing sectors 60% 20% 9% 9% 3%Noida Gr Noida Expway 36% 33% 18% 10% 3%Old Noida 38% 24% 15% 16% 7%City 42% 28% 15% 11% 4%

SUPPLYNew Developing Sectors 62% 14% 13% 6% 5%Noida Gr Noida Expway 38% 24% 18% 11% 9%Old Noida 22% 17% 18% 23% 20%City 36% 21% 18% 13% 12%

MUMBAI

DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 cr &Above

Central Line 31% 24% 19% 11% 15%Central Mumbai 14% 17% 32% 14% 23%Harbour Line 19% 22% 22% 9% 28%Navi Mumbai 39% 16% 27% 8% 10%South Mumbai 7% 7% 17% 11% 58%Thane 41% 21% 29% 4% 5%Western Suburbs 24% 26% 23% 9% 18%City 24% 24% 22% 9% 21%

SUPPLYCentral Line 25% 33% 19% 5% 18%Central Mumbai 8% 21% 20% 11% 40%Harbour Line 17% 30% 26% 10% 17%Navi Mumbai 25% 27% 24% 7% 17%South Mumbai 3% 6% 9% 7% 75%Thane 28% 36% 19% 5% 12%Western Suburbs 19% 25% 18% 13% 25%City 16% 24% 18% 10% 32%

Luxury takes centre stage in Indian cities

Across India, luxuryproperties have seen arising demand. However,

with developers in most citieschoosing to build heavily in thissegment, the luxury marketcontinued to be over-supplied.

In smaller cities such as Vadodara,local demand from industrialists,in the 40-year age group seeking toupgrade lifestyle, drove demand in

the category. In most big cities,luxury demand came from IT andManufacturing professionalslooking for premium lifestylesnear their place of work. It camepackaged with premium assetquality, safe gated communities,lifestyle features such as joggingtracks, swimming pools, sportsfacilities and well plannedlandscaping. A key component of




15VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

luxury development has beenefficient concierge services,premium brand tie-ups andpredictive facilitations.

Luxury in the suburbs has beenaround for a while. But in the pastsix months luxury demand has re-entered CBD (Central BusinessDistrict) areas which are under re-development. A clear case isBangalore and Chennai wheretraditional downtown premiumareas such as MG Road and Adyarare posting both supply and robustdemand for extremely high-priced

modern units which are built onre-developed old plotted layouts.The buyers are the traditionalwealthy citizens of the city whoare upgrading to modernapartment living within localitiesin their comfort zone. The qualityof assets supercedes the packagedlifestyle features in these areas.Location contributes to a largepart of the values of theseproperties.

As users go online to seek luxuryproperty, PropIndex acknowledgesthis as a significant segment.

CHENNAI

DEMAND 1-1.4 cr 1.4 -2 cr 2-3 cr 3-5 cr 5 cr &Above

Central 33% 24% 17% 15% 11%North 37% 37% 13% 7% 6%South 41% 24% 15% 9% 11%City 38% 27% 15% 10% 10%

SUPPLYCentral 20% 23% 20% 14% 23%North 25% 27% 18% 13% 17%South 28% 21% 17% 17% 17%City 25% 23% 18% 15% 19%

BANGALORE


Central 29% 30% 17% 15% 9%East 43% 31% 14% 7% 5%North 38% 29% 18% 10% 5%South 44% 26% 15% 8% 7%West 40% 27% 17% 9% 7%City 42% 29% 14% 9% 6%

SUPPLYCentral 16% 20% 19% 17% 28%East 34% 24% 20% 12% 10%North 34% 28% 21% 11% 6%South 30% 27% 21% 14% 8%West 35% 30% 20% 11% 4%City 32% 26% 21% 12% 9%

PUNE

DEMAND 1-1.2 cr 1.2-1.6 cr 1.6-2.0 2-4 cr 4 cr & cr Above

Central 10% 27% 16% 21% 26%East 31% 35% 11% 17% 6%North 38% 28% 7% 19% 8%South 31% 35% 11% 19% 4%West 31% 37% 10% 17% 5%City 31% 36% 11% 16% 6%

SUPPLYCentral 4% 13% 12% 41% 30%East 27% 31% 11% 19% 12%North 21% 33% 10% 26% 10%South 25% 24% 19% 22% 10%West 27% 26% 14% 23% 10%City 26% 27% 13% 22% 12%

HYDERABAD


East 48% 20% 19% 5% 8%North 57% 28% 11% 2% 2%South 51% 24% 11% 8% 6%West 37% 25% 12% 13% 13%City 40% 25% 12% 12% 11%

SUPPLYEast 53% 22% 7% 13% 5%North 29% 33% 24% 11% 3%South 16% 18% 25% 28% 13%West 26% 20% 25% 15% 14%City 27% 21% 23% 17% 12%






CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Akurdi 4600 to 5950

Ambe Gaon 4600 to 5850

Aundh 7500 to 9600

BT Kawade Road 5750 to 7100

Balewadi 5950 to 7000

Baner 6300 to 7750

Baner Balewadi Road 6200 to 7550

Baner Pashan Link Road 6700 to 7900

Baner Road 6450 to 7750

Bavdhan 6050 to 7250

Bhosale Nagar 13250 to 16550

Bibwewadi 6300 to 8100

Boat Club Road 12600 to 16050

Camp 7100 to 9250

Chakan 2850 to 3450

Chinchwad 5200 to 6400

Dhanori 4350 to 5350

Dhayari 4700 to 5700

Dighi 4000 to 4700

Erandwane 12600 to 15700

Fatima Nagar 5800 to 7100

Hadapsar 4700 to 6200

Handewadi 4100 to 4900

Handewadi Road 4100 to 4950

Hinjewadi 5200 to 6400

Kalyani Nagar 7800 to 10050

Karve Nagar 8100 to 10150

Katraj 4550 to 5600

Keshav Nagar 4750 to 5600

Kharadi 5550 to 6700

Kondhwa 4600 to 5800

Koregaon Park 9000 to 11950

Kothrud 8450 to 10800

Lohegaon 3900 to 4850

Magarpatta 6850 to 8200

Manjri 4350 to 5600

Market Yard 6500 to 8600

Model Colony 13400 to 17050

Mohamadwadi 4650 to 5400

Moshi 3900 to 4750

Mundhwa 4900 to 6100

Narhe 4500 to 5450

NIBM Annexe 4850 to 6050

NIBM Road 5400 to 6600

Pashan 6050 to 7450

Pashan-Sus Road 6100 to 7100

Pimple Gurav 5500 to 6550

Pimple Nilakh 5850 to 6950

Pimple Saudagar 5850 to 6650

Pimpri 5150 to 6300

Pisoli 3850 to 4600

Prabhat Road 16250 to 19200

Punawale 4300 to 5200

Rahatni 5000 to 6000

Ravet 4650 to 5850

Salunke Vihar 5400 to 6300

Senapati Bapat Road 10250 to 13650

Shastri Nagar 7850 to 9500

Sinhgad Road 5250 to 7050

Sopan Baug 8500 to 10900

Talegaon Dabhade 3250 to 3850

Thergaon 5300 to 6200

Tingre Nagar 4400 to 5650

Undri 4250 to 5200

Viman Nagar 6550 to 8050

Vishrantwadi 5150 to 6550

Wadgaon Sheri 5500 to 7000

Wagholi 4000 to 4900

Wakad 5550 to 6500

Wanowrie 5950 to 7400

Warje 5850 to 7300

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

PUNE

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.

CONTACT US

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PROPINDEX TEAM

l Content & Research: E Jayashree Kurup,

Dipti Tandon, Subodh Kumar, Rishab Jain,

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