ncr property report

8/11/2019 Ncr property Report

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Executive Summary

Volatility in capital and currency markets globally triggered serious turbulence in the Indian

Currency last quarter. The continuous slide of the rupee against the US dollar caused concerns

among the industry and consumers but, also led to NRIs considering investing in real estate back

home. Real Estate players saw a marked rise in the number of inquiries from NRIs and

international investors in the last quarter, during which the rupee declined over 10% against the

dollar. Also, a large number of discounts and subvention schemes were on offer during the last

quarter from developers like Paramount, Purvankara & Parsvnath to ease out the buying process

for the working class segment.

Among the top 7 cities of India, the capital value growth in Mumbai and Pune was the highest

with prices increasing by 17% and 16% respectively in Q2-13 (Apr-May-June 2013) over Q2-12

(Apr-May-June 2012). The year on year growth in Delhi-NCR property market slowed down

from 20% last quarter to 15% in Q2-13. Some of the other metros have also witnessed double

digit percentage growth in property prices with Kolkata, Bangalore and Hyderabad witnessing

property price appreciation in the range of 10-15% in Q2-13 when compared to Q2-12.


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Rental values across these cities have also gone up in Q1-13 when compared with Q1-12. The

rentals taken into consideration are for 3BHK flats. All the cities saw an increase in the range of

5 to 8% in the residential rental rates over the last year.

Average Price Trends

Buy - Increase in average property prices per square feet across localities in Q2-13 over Q2-12

Rent - Increase in average rent of a 3 BHK flat across localities in Q2-13 over Q2-12


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Property Watch - Delhi-NCR Property Price Trends

Most localities in the Delhi-NCR region have witnessed price appreciation in the last one year.

Highest growth was seen in Sector-54 Gurgaon which witnessed about 87% increase in capital

values in Q2-13 over Q2-12.

Delhi: The localities to see maximum appreciation in price trends were Vasundra

Enclave and Sector-13 Dwarka with around 28% and 25% appreciation respectively in

Q2-13 when compared to Q2-12. During the same time period Rohini, Patparganj and

Sector-14 Dwarka saw prices rise by around 22%, while most other localities saw price

appreciation within the range of 4-19%.

LocalityPrice per square foot

in Q2-12 (in Rs.)

Price per square foot

in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

Narela 3220 4650 44% -2%

Mahavir Enclave 4000 5560 39% 6%

Sector-16 Dwarka 6430 8160 27% -1%

Uttam Nagar 3890 4890 26% -2%

Vasundra Enclave 8220 10000 22% 0%

Mayur Vihar - III 8350 10000 20% 7%

Mayur Vihar - I 10000 11540 15% 0%

On the other hand, localities in South Delhi continue to see a price correction. Saket in particularhas seen a dip of 14% in the last quarter.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)% Decrease

% Change

(QoQ)

C R Park 16240 15280 -6% -6%

Defence Colony 32640 29740 -9% -4%

Saket 18180 15590 -14% -3%

Gurgaon: Not only in Gurgaon but in the entire Delhi-NCR region, Sector-54 saw the

highest price growth of over 87% in Q2-13 over Q2-12. Other areas which saw highappreciation (over 40%) include Sector-104, Sector-112 and Sector-108.


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Locality Price per square footin Q2-12 (in Rs.)

Price per square footin Q2-13 (in Rs.)

% Increase(YoY)

% Change(QoQ)

Sector-54 7500 14000 87% 25%

Sector-104 4080 7420 82% 6%

Sector-112 3990 6600 65% 1%

Sector-108 4200 5950 42% 2%

Sector-85 3550 4800 35% 2%

Sector-106 4000 5390 35% -1%

Noida: Increased connectivity has led to significant price increases in this region. Sector86 & Sector 131 both witnessed an increase of 33%. Sector-104 saw a price rise of over

26% in the last one year with projects like ATS One Hamlet seeing good appreciation.

Rates in Sector-134 are also on the move with projects in the Jaypee Wish Town like

Kosmos & Klassic nearing possession in the next few quarters. Most of the other

localities in Noida also saw double digit percentage increase in prices. Rates in Sector 44,

which are the highest in Noida went up by 22% to Rs. 12900 psqft.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

Sector-86 2930 3910 33% 7%

Sector-131 4050 5400 33% 7%

Sector-104 6200 7800 26% 4%

Sector-134 3250 4050 25% 5%

Sector-120 4070 5000 23% 3%

Sector-44 10560 12900 22% 4%

Sector-52 6200 7540 22% 9%

Sector-129 3800 4600 21% 1%

Sector-151 2650 3200 21% 3%

Sector-117 3680 4390 19% 5%Sector-135 3700 4410 19% 2%

Sector-78 4140 4900 18% -1%

Greater Noida: Site C saw the highest growth in prices of about 30%. After a turbulent

phase, Noida Extension also saw an appreciation of 28% year on year.


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Locality Price per squarefoot

in Q2-12 (in Rs.)

Price per square footin Q2-13 (in Rs.)

% Increase(YoY)

% Change(QoQ)

Site C 2160 2800 30% 5%

Sector Mu 2380 3050 28% 6%

Noida Extension 2460 3160 28% 3%

Ghaziabad: Crossing Republik, and Ankur Vihar saw above 30% increase in prices in

Q2-13 when compared to Q2-12. Abhay Khand, NH-58 and Govind Puram saw more

than 25% increase in their per square feet prices during the same time period.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

Crossing Republik 2550 3440 35% 1%

Ankur Vihar 2220 2950 33% 0%

Abhay Khand 4410 5630 28% 5%

Govind Puram 2280 2860 25% 1%

Faridabad: Almost all major localities across Faridabad saw above 25% growth over the

past year, with Sector-77 registering the highest growth of around 60%.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

Sector 77 2180 3500 60% -3%

Sector 88 2600 3400 31% 4%

Sector 78 2540 3500 38% 0%

Rental Watch - Delhi-NCR

Housing rentals in the Delhi-NCR region have gone up by an average of 5% in Q2-13 when

compared to the same period a year ago. Highest appreciation during this period was seen inSector-54 Gurgaon and New Friends Colony.

Delhi: Residential rental values of a 3BHK home in New Friends Colony saw highest

appreciation with rentals going up by 23% in Q2-13 over Q2-12. Safdarjung and

Janakpuri saw over 20% increase in rentals during the same time period.


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Locality Name Rental for 3 BHKin Q2-12

Rental for 3 BHKin Q2-13

% Increase(YoY)

% Change(QoQ)

New Friends Colony 65500 80500 23% 7%

Safdarjung 45000 55000 22% -8%

Janakpuri 15000 18200 21% 5%

Mayur Vihar - II 20800 23300 12% 9%

Gurgaon: Most localities of Gurgaon have seen positive movement in their rentals over

the last one year. Sector-54 saw highest growth with average rental values of a 3BHK

apartment going up by 33% in Q2-13 when compared to Q2-12. Sushant Lok and Sector-49 saw above 14% increase in their rentals during the same time period.

Locality NameRental for 3

BHK in Q2-12

Rental for 3 BHK

in Q2-13

% Increase

(YoY)

% Change

(QoQ)

Sector-54 30000 40000 33% -8%

Sushant Lok 33000 38000 15% 8%

Sector-49 29000 33000 14% 10%

DLF CITY PHASE III 30450 34600 14% 16%

On the contrary, areas like Golf Course Road, Sector-30 and Sector-31 continued to see a

decline in their rental values.


BHK in Q2-12

Rental for 3 BHK

in Q2-13% Increase

Sector-31 65000 60000 -8%

Sector-30 98000 85700 -13%

DLF CITY PHASE IV 45000 39200 -13%

Golf Course Road 75000 62400 -17%


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Noida, Greater Noida and Ghaziabad: Vasundhara in Ghaziabad saw maximumgrowth with rentals going up 18% in Q2-13 over Q2-12. Sector Chi-Phi in Greater Noida

saw a growth of 15%.

Locality NameRental for 3 BHK

in Q2-12

Rental for 3 BHK

in Q2-13

% Increase

(YoY)

% Change

(QoQ)

Vasundhara 13500 15900 18% -6%

Chi - Phi 13000 15000 15% 0%

Pi - Sector Gr Noida 12500 14000 12% 1%

In Noida, rental rates went up by in Sector 52 & Sector 50 by 13% & 7% respectivelywhile rates in Sector 29, Sector 93 & Sector 119 were stagnant year on year.


in Q2-12

Rental for 3 BHK

in Q2-13

% Increase

(YoY)

% Change

(QoQ)

Sector-52 Noida 20800 23400 13% 1%

Sector-50 Noida 28000 30000 7% 3%

Sector-82 Noida 16500 17500 6% 1%

Sector-37 Noida 22700 24000 6% 3%

Sector-44 Noida 66300 70000 6% 2%

Sector-61 Noida 24000 25000 4% 0%

Sector-62 Noida 21600 22000 2% 1%

Sector-29 Noida 24500 24500 0% 0%

Sector-119 Noida 16000 16000 0% 0%

Sector-93 Noida 30000 30000 0% 0%


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Property Watch - Mumbai Property Price Trends

The average capital value appreciation of the city has been about 17% in the last one year.

Localities around Mira Road saw maximum increase in values with per square feet rates in Q2-

13 over Q2-12.

South and South West Mumbai: Localities in the South & South West Mumbai

continued to see good price gains over the past year. Dadar (East) and Bandra (West) saw

approximately 21% price appreciation in Q2-13 over Q2-12.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

Dadar (East) 25930 31470 21% 4%

Bandra (West) 31670 38420 21% 8%

Matunga 23330 27780 19% 4%

Juhu 25760 30470 18% 2%

There was also a price correction in few localities of South Mumbai like Bandra (East), Parel

and Mahalaxmi.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Decrease

Mahalaxmi 37700 36050 -4%

Parel 27160 25000 -8%

Bandra (East) 25610 22560 -12%

Mira Road and Beyond: Most localities in this area saw more than 14% increase in their

property prices in Q2-13 over Q2-12. Bhayander (West) and Nallasopara saw the highest

appreciation.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

Bhayander (West) 2690 7100 164%3%

Nallasopara 2290 4110 79%7%

Nalasopara (West) 2630 4000 52%5%

Bhayander (East) 5150 6230 21%2%


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Navi Mumbai: Price growth of 18% was seen across localities in Navi Mumbai. Palm

Beach saw about 62% increase in rates over the past year. Almost all other localities

registered more than 10% increase in rates.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

%

Change

(QoQ)

Palm Beach 8800 14290 62%38%

Jui Nagar 6250 9380 50%6%

Nerul 7760 9500 22%3%

Sea Woods 7230 8750 21%5%

Ulwe 4000 4730 18%7%

Thane and Beyond: Localities in this area saw significant growth in rates with

Hiranandani Meadows, Thane (West), Kapurbawadi registering above 25% increase in

rates.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

Thane West 7600 10580 39%6%

Hiranandani Meadows 12300 16670 36%4%

Kapurbawadi 7780 9740 25%3%

Panch Pakhadi 10050 12500 24%

9%

Andheri Dahisar: Andheri (Wast), Chandivali, Goregaon (East) and Malad (West) saw

above 15% increase in their property prices over the last year.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)


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Andheri (West) 16070 19560 22% 3%

Chandivali 13210 15590 18%12%

Goregaon (East) 11740 13800 18%0%

Malad (West) 12000 14000 17%4%

Central Mumbai Suburbs: Many localities in this area witnessed above 20% growth incapital rates year on year.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

HiranandaniGardens - Powai 23210 30480 31%

27%

Powai 13430 16670 24%10%

Ghatkopar West 11940 14580 22%0%

Mulund (East) 11110 13510 22%6%

Sion (East) 12500 15180 21%2%

Rental Watch - Mumbai

Mumbai saw an increase in registrations of lease deed agreements in the last quarter as

prospective buyers opted for renting their apartments than actually buying it out. The residential

rentals of Mumbai moved up by 6% when we compare rentals of a 3 BHK in Q2-13 over Q2-12.

South and South West Mumbai: Mahim (West) saw the highest appreciation of around17% while Khar rates almost caught up with Bandra (West) touching Rs. 80,000.


in Q2-12

Rental for 3 BHK

in Q2-13

% Increase

(YoY)

% Change

(QoQ)

Mahim (West) 56100 65800 17%9%


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Khar 71500 80000 12% -2%

Bandra (West) 74800 81000 8%5%

However, areas like Worli, Lower Parel and Worli saw a decline in rentals over the past

one year.


in Q2-12

Rental for 3 BHK

in Q2-13% Increase

Santacruz (East) 45150 43300 -4%

Lower Parel 100000 88000 -12%Worli 99000 82500 -17%

Navi Mumbai: All localities in Navi Mumbai saw an increase in their rental values in

Q2-13 over Q2-12. Nerul, Palm Beach and Sea Woods saw over 20% appreciation in

their rental values.


in Q2-12

Rental for 3 BHK

in Q2-13

% Increase

(YoY)

% Change

(QoQ)

Nerul 19100 25700 35%27%

Palm Beach 30600 39200 28%14%

Sea Woods 19350 23900 24%30%

Thane and Beyond: Like last quarter, VasantVihar saw an 11% increase in rentals over

the last one year. Kolshe Road and Manpada saw 13% and 12% appreciation

respectively.

Locality Name Rental for 3 BHKin Q2-12 Rental for 3 BHKin Q2-13 % Increase(YoY) % Change(QoQ)

Kolshe Road 17100 19350 13%5%

Manpada 19600 22000 12%0%

Vasant Vihar 22000 24500 11%0%


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Central Mumbai Suburbs: Sion (East) and Hiranandani Gardens - Powaisaw appreciationof 17% and 10% respectively over the past year.


BHK in Q2-12

Rental for 3

BHK in Q2-13

% Increase

(YoY)

% Change

(QoQ)

Sion (East) 36700 43100 17%4%

Hiranandani Gardens - Powai 65000 71500 10%8%

Andheri Dahisar: Goregaon (West) saw maximum rental appreciation of 18% in Q1-13

over Q1-12. During the same time period, Malad (West) and Andheri (West) saw about12% and 9% increase in rental values respectively.


in Q2-12

Rental for 3 BHK

in Q2-13

% Increase

(YoY)

% Change

(QoQ)

Goregaon (West) 36700 46500 27%3%

Malad (West) 34050 38100 12%4%

Andheri (West) 45000 49000 9%2%

Property Watch - Bangalore Property Price Trends

Property prices in the Bangalore region moved up by approximately 10% in the last one year.

Bangalore East: Outer Ring Road saw maximum price growth of 39% in the last one

year while Brookefield also saw more than 30% price rise in Q2-13 when compared to

Q2-12.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

Outer Ring Road 4330 6010 39%6%

Brookefield 3970 5300 34%13%

Indira Nagar 6000 7460 24%0%


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On the other hand, Whitefield and Srajapur Road saw a price correction in Q2-13over Q2-12 of 8%& 9% respectively.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Decrease

(YoY)

Whitefield 4070 3730 -8%

Sarjapur Road 4260 3860 -9%

Bangalore North:Nagawara Junction saw an increase of 33% over last year.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

Nagawara Junction 3000 4000 33%14%

Malleshwaram 8260 9800 19%11%

Bangalore South: Banashankari & Koramangala saw a growth of about 35% in the same

time period.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

Banashankari 4800 6500 35%4%

Koramangala 5920 8000 35%4%

Silk Board 3300 4050 23%5%

Jayanagar 7320 8560 17%12%

Bangalore West: Magadi Roadsaw a growth of over 36% in the last year.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

Magadi Road 2400 3270 36%

Kengeri 2500 3160 26%


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Rental Watch - Bangalore

Rental values of Bangalore moved up by about 8% in Q2-13 over Q2-12. Most localities sawrental appreciation barring Bannerghatta Road, HSR Layout, Kanakpura Road and RT Nagar.

Bangalore East: Whitefield saw highest rental appreciation of 15% in the last one year

while Kunadanahalli, Mahadevpura and Indira Nagar saw rental appreciation within the

range of 12% and 13% during the same time period.


in Q2-12

Rental for 3 BHK

in Q2-13

% Increase

(YoY)

% Change

(QoQ)

Whitefield 26000 30000 15%5%

Kunadanahalli 20800 23600 13%7%

Mahadevpura 25000 28000 12%4%

Indira Nagar 26900 30000 12%2%

Bangalore South: Most important localities of South Bangalore like Electronic City,

Kormangala, Bannerghatta Roadand HSR Layout witnessed appreciation within the range

of 7% and 10% in Q2-13 over Q2-12.


in Q2-12

Rental for 3 BHK

in Q2-13

% Increase

(YoY)

% Change

(QoQ)

Electronic City 18000 19750 10%7%

Bannerghatta Road 22000 24000 9%5%

HSR Layout 25000 26900 8%8%

Koramangala 28000 30000 7%0%

Property Watch - Pune Property Price Trends


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The Pune residential real estate market has seen an average appreciation of 16 per cent in the last

year. Chinchwad saw the highest price gain of 31 per cent in the last year, while Paud Road saw

a dip of 13 per cent in the same period. Kalyani Nagar, Koregaon Park, Dhanori and Narhesaw

price rises of over 20% in the last one year.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

Chinchwad 4030 5260 31%11%

Kalyani Nagar 5650 7290 29%

16%

Singhad Road 4640 5850 26%4%

Koregaon Park 7700 9660 25%10%

Dhanori 3450 4300 25%1%

Narhe 3500 4360 25%7%

Mundhawa 4140 5130 24%10%

Tale Gaon 2800 3440 23%11%

Hinjewadi 4000 4900 23%9%

Aundh 6210 7470 20%2%

Wadgaon Sheri 4670 5570 19%2%

Pimple Nilakh 5000 5940 19%6%

Rental Watch - Pune

Rental rates of Pune saw about 5% appreciation in Q2-13 over Q2-12. Koregaon Parkwitnessed

the highest rental growth of 17% in the last one year, while Singhad Road, Vishrantwadi and

Wadgaon Sherisaw more than 10% increase in rentals.


in Q2-12

Rental for 3 BHK

in Q2-13

% Increase

(YoY)

% Change

(QoQ)


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Koregaon Park 30600 35700 17% 17%

Singhad Road 12200 13900 14%3%

Vishrantwadi 15000 17000 13%3%

Wadgaon Sheri 13900 15600 12%0%

Balewadi 15600 17100 10%8%

Pashan-Sus Road 15600 17000 9%7%

Wagholi 10400 11300 9%9%

Property Watch - Chennai Property Price Trends

Chennai real estate market has been stable with moderate price appreciation of 9% over last year.

Expansions of the existing highways, work on Chennai Metro and the Outer Ring Road have led

to appreciation of prices in nearby localities. Most important localities in the city have seen

double digit percentage increase in their per square feet rates. Korattur grew the most with 61%

increase in psqft rates. Avadi and Mogappair saw about 27% and 24% increase in their prices

respectively.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

Korattur 3850 6200 61%#N/A

Avadi 2900 3680 27%8%

Mogappair 4710 5830 24%8%

Pallavaram 4050 5000 23%11%

Nanganallur 4870 6000 23%4%

Selaiyur 3450 4250 23%13%

Rental Watch - Chennai


18/21

Adyar in South Chennai saw highest appreciation with rentals going up by 25% in Q2-13 overQ2-12. However, in other localities like Velachery and Madipakkam the rentals remained

stagnant.


in Q2-12

Rental for 3 BHK

in Q2-13

% Increase

(YoY)

% Change

(QoQ)

Adyar 28000 35000 25%#N/A

Anna Nagar 24500 27000 10%16%

T.Nagar 28100 30600 9%

13%

Medavakkam 13500 14000 4%4%

Velachery 18000 18400 2%0%

Madipakkam 12200 12200 0%2%

Property Watch - Kolkata Property Price Trends

The average capital values of Kolkata moved up by around 15% in Q2-13 over Q2-12. Sodepur

registered the highest year on year growth of 45%.


in Q2-12 (in Rs.)


in Q2-13 (in Rs.)

% Increase

(YoY)

% Change

(QoQ)

Sodepur 2200 3200 45% 3%

Airport 2800 3800 36% 4%

Kalikapur 3440 4500 31% 1%

E M Bypass(Kolkata South) 3840 5000 30%

5%

Prince Anwar Shah Rd. 7000 9000 29% 0%

Gariahat 10000 12500 25% 0%

Rental Watch - Kolkata


19/21

The highest appreciation of rentals was seen in EM Bypass area in South Kolkata, where rentals

appreciated by 20%. However, in areas like Rajarhat & Tollygunge there was a decline in

rentals.


in Q2-12

Rental for 3 BHK

in Q2-13

% Increase

(YoY)

% Change

(QoQ)

E M Bypass (South) 23300 28000 20% 3%

Salt Lake 17300 20000 16% 5%

New Town 17000 18000 6% 2%

Prince Anwar Shah Rd. 35000 35000 0%0%

Tollygunge 17100 15000 -12% -10%

Rajarhat 17050 14000 -18% -13%

Property Watch - Hyderabad Property Price Trends

The average property rates for Hyderabad grew by about 10% over the past year. Chandanagar

registered the highest growth of over 29% while Attapur Ring Road, Miyapur and Hi-Tech City

witnessed 15% plus growth in per square feet rates.

Locality Name Price per square foot

in Q2-12 (in Rs.)


in Q2-13 (in Rs.)% Increase

(YoY)

% Change

(QoQ)

Chandanagar 2400 3000 25% 7%

Attapur Ring Road 2200 2600 18% -4%

KPHB 3210 3700 15% 10%

Miyapur 2760 3180 15% 10%

Hi-Tech City 3640 4190 15% 12%

Madhapur 4000 4500 13% 13%

Gachibowli 3300 3700 12% 5%

Pragati Nagar 2030 2200 8% -1%

Madinaguda 2680 2900 8% -1%

Kondapur 3150 3400 8% -8%

A.S Rao Nagar 1870 2000 7% -7%

Nizampet 2000 2100 5% 13%

Kukatpally 3020 3160 5% 0%


20/21

Sainikpuri 2130 2180 2% 0%Banjara hills 5440 5500 1% 7%

Manikonda 2480 2500 1% -4%

Rental Watch - Hyderabad

Kondapur showed the maximum increase over the past year with an average growth of 13%.


in Q2-12

Rental for 3 BHK

in Q2-13

% Increase

(YoY)

% Change

(QoQ)Kondapur 19000 21500 13% 6%

Gachibowli 25000 26000 4% 1%

Madhapur 18000 18400 2% 0%

Methodology

The price trends have been compiled for the last four quarters from Apr-May-June 2012 to Apr-

May-June 2013. The localities covered in the section have been carefully chosen to reflect

popular demand and supply destinations.

The report reflects trends on property prices for the residential apartment segment and the

underlying dataset is that of the asking prices (and not the transaction prices). The unit for

measuring property rate is price per square feet and the quarters are defined as per the calendar

year.

The Analytics team of 99acres.com employed the following methodology for plotting the trends:

Data cleansing - Our team has taken utmost care to ensure spam listings do not skew the

numbers that we present in this report. Since the figures we have quoted here are asking prices

and not the actual transaction prices, it was important to identify entries which were spurious andeliminate them from the data set.

The following due diligence has been conducted to ensure hygiene of the data:

Sample size was carefully chosen to ensure significant number of data points as well as to

cover as many localities as possible.

Outliers were identified and treated.


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Disclaimer

The report has been constructed based on data provided by 99acres.com users. Our analytics

team has used statistical techniques to derive insights which might be useful for our users/stake

holders/audiences. However, variations from observed market prices are possible as the insightsare only approximations. The models will be revisited regularly with more data, not just from the

quotes of buyers and sellers on 99acres.com but also from the feedback we receive from our

users.

Property prices in a locality also vary depending upon age of property, builder reputation, floor

etc. The numbers given in this report are just averages and do not completely represent a given

locality. Variations to the tune of 10-20% on either side might be possible.

ncr property report

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