FOREWORDproperty.magicbricks.com/microsite/buy/propindex/images/...FOREWORD Sudhir Pai Business Head, Magicbricks.com PropIndex entered the fourth year of operations. In the first

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].

NOTES

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 showedminor changes in theCity Indices, whilerental market showedsubdued trends inmajority of the cities

n Properties worth uptoRs 30 lakh recorded asignificant drop indemand, whereas,properties worth aboveRs 30 lakh, across thebudget categories,witnessed a rise

n Demand for 2BHK unitsrose by 1-5 per centacross the cities, exceptGurgaon

IN THIS REPORT:

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

Delhi.........................................4

Gurgaon...................................13

Noida & Ghaziabad................... 25

Annexures.................................37

Luxury......................................40

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 - RentLocality Rank

Q1 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

Dr DB GuptaSenior Consultant, NCAER

Former HDFC Chair Professor, HUF

Ed i t o r i a l

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

PROPINDEX - DELHI

The Delhi City Index dropped by 4 per cent in the Apr-Jun 2014quarter. This was in contrast to the 1 per cent rise witnessed inthe previous quarter. The Listed Price Monitor also dropped bya per cent in the current quarter, as opposed to the 1 per centrise recorded in the Jan-Mar 2014 quarter

l The number of properties onsale went up across the city.Increase in the availability andlow sentiments primarily led toa drop in the City Index value.Uttam Nagar in West Delhinoted the maximum increase insupply, followed by SafdarjungEnclave in South Delhi

l Listed Price Monitor exhibitedvaried trends with most of thelocalities seeing an increase ordrop of 1-3 per cent

l Greater Kailash-1 in SouthDelhi, Sector 13 and 24 inRohini, North Delhi andVikaspuri in West Delhi negatedthe trend with a drop of 5-9 per cent

l Unlike the Jan-Mar 2014 quarter,average rental values registereda drop, leading to overall stablerental values in the last sixmonths in the city

l In East Delhi, Mayur Vihar,Vasundhara Enclave andIndraprastha Extensionwitnessed the lowest variationin rental values in the currentquarter. This was primarilyowing to proximity to Noida

l Except Uttam Nagar in WestDelhi, all other residential areasin the city offered gross rentalreturns on investment between1.53-2.45 per cent in the Apr-Jun 2014 quarter

l Delhi recorded equitabledemand for properties acrossthe budget range, except forproperties worth Upto Rs 20 lakh

l Supply at 48 per cent showedhigher availability of premiumproperties worth Rs 2 crore andAbove compared to the previousJan-Mar 2014 quarter

l Over 80 per cent of totalhousing demand was forapartments. This resulted in anincrease of 8 per cent during theApr-Jun 2014 quarter. Withnearly 45 per cent demand,2BHK units continued to be themost preferred BHK category atthe city level followed by 3BHKunits with 41 per cent demand

l Over-supply was recorded forpremium properties of 4BHKand Above configuration at thecity level with more than 25 per cent availability in thecurrent quarter

Key Takeaways


The slow down of the population ratein Delhi is accompanied by growth inthe number of nuclear families. Anincrease in FAR resulted in the additionof new floors. The growth in thenumber of young high income earnersand better access to housing financeadded to the demand for high-endproperties, in Delhi, Gurgaon, Manesarand Noida-Ghaziabad. The improvedconnectivity (via the metro) helped inreducing the pressure on Delhi’sproperty market.

The City Index of Delhi NCR declined by4 per cent over the last quarter. Manylocalities experienced a fall in capitalvalues. Notable exceptions were Kalkajiand Vasundhara Enclave. Most of thelocalities also experienced a drop in therental values. Uttam Nagar and Dwarkaremained the most preferred localitiesfor purchase.

Demand for properties in the pricerange of Rs 20-40 lakh increased by 8 per cent and supply decreased by 2 per cent. Demand for 2 and 3BHKunits increased, while that for 1BHKand 4BHK and Above declined. Thesupply remained unchanged.

South Delhi noted an increase in thedemand-supply gap of high-endproperties. Larger properties of 4BHKand Above had high supply and lowdemand while units of 2BHK had highdemand and low supply. The supply ofRs 2 crore and Above and 4BHK andAbove categories increased in NorthDelhi. The demand remained stagnant.Demand for Rs 40-100 lakh categoryand 2BHK units remained consistentlyhigh over the last two quarters. Supplyin East and West Delhi was in the Rs 1-2 crore range. Demand remainedunfulfilled.

Shortfall in demand for low endhousing might be filled as DDA plans toroll out 27,000 flats across Rohini,Narela and Dwarka starting this month.About 90 per cent of these flats arelikely to be in the EWS category andthe rest in LIG, MIG and HIG categories.

DELHI05VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

l As opposed to the 1 per cent rise reported in theprevious quarter, the Listed Price Monitor droppedby 1 per cent in the current quarter

l More than 60 per cent of the tracked localitiesrecorded a drop in capital values in the range of 1-9 per cent during the Apr-Jun 2014 quarter

l While Rohini Sector-24 recorded the highest drop of9 per cent, localities such as Rohini Sector-13,Vikaspuri and Dwarka saw a 6 per cent drop incapital values in the current quarter

l Minor rise in values was witnessed only in SouthDelhi localities such as Kalkaji, Vasundhara Enclaveand Hauz Khas

Locality Average Rental Average Capital Gross

Value (Rs/sqft/mth) Value (Rs/sqft) Yield

Hauz Khas 28.50 22,400 1.53%

Malviya Nagar 24.00 11,775 2.45%

Vasant Kunj 24.75 14,150 2.10%

Greater Kailash I 28.50 18,975 1.80%

Greater Kailash II 26.00 19,875 1.57%

Kalkaji 23.75 15,600 1.83%

East of Kailash 25.00 18,550 1.62%

Uttam Nagar 12.75 4,225 3.62%

Indraprastha Extn 19.50 11,775 1.99%

Sarita Vihar 18.50 10,925 2.03%

Y I E L D M E T E R

l The Yield Meter of Delhi varied from 1.53-3.6 percent in the Apr-Jun 2014 quarter as compared tothe 1.6-2.5 per cent range witnessed in the Jan-Mar 2014 quarter

l Uttam Nagar witnessed the highest yield of 3.6 per cent in the present quarter displacingMalviya Nagar as the top grosser

l Malviya Nagar continued to clock high rentalreturns with 2.45 per cent gross yield in the Apr-Jun 2014 quarter

l Vasant Kunj and Sarita Vihar also recordedhealthy rental returns this quarter. As witnessedin the previous quarter also, both clocked morethan 2 per cent returns

l More than 70 per cent of the tracked localitieswitnessed a drop in rental values in the Apr-Jun 2014quarter. This negated the significant rise observedin the Jan-Mar 2014 quarter

l Most of the localities that witnessed a drop werefrom South Delhi. These localities included SaritaVihar, Malviya Nagar, Alaknanda and Kalkaji

l The highest drop was witnessed in Shivalik (7%)followed by Sarita Vihar (6%)

l In Dwarka, Sectors 3-6, 10 and 12 recorded anincrease of 2-6 per cent in rental values in thecurrent quarter. Sector 5 recorded the highest rise of 6 per cent

L I S T ED PR I CE MON I TOR

-1%Source: Magicbricks.com

RENT MON I TOR




RENT


Locality Rank Capital %ageQ1 Q4 Values change

Uttam Nagar 1 2 3850 to 4900 -3%

Dwarka 2 1 7600 to 9800 -6%

Vasant Kunj 3 3 12900 to 16400 1%

Aya Nagar 4 8 3450 to 4200 -1%

Mayur Vihar Ph-I 5 5 11450 to 14800 -2%

Saket 6 4 16800 to 21200 0%

Defence Colony 7 - 27950 to 36200 -2%

Janakpuri 8 7 11700 to 15000 2%

Chattarpur 9 10 4300 to 5700 1%

Paschim Vihar 10 6 10300 to 13000 -3%

SALE


PREFERRED LOCALITIES

l Five out of the top ten preferred localities for sale inDelhi were in South Delhi. These included VasantKunj, Aaya Nagar, Saket, Defence Colony andChattarpur

l Defence Colony was a new entrant in the list thisquarter notching the seventh position. Propertieswere available for Rs 28,000-36,000 per sq ft

l Uttam Nagar displaced Dwarka as the mostpreferred locality for sale in Delhi. It moved up oneposition as compared to the previous quarter

l Vasant Kunj and Mayur Vihar retained their thirdand fifth positions, respectively, on the list

l Preference for Saket and Paschim Vihar dropped inthe current quarter. While Saket moved down twopositions to settle at number six, Paschim Vihardropped to the tenth spot from the sixth

l Aaya Nagar jumped up four spots this quarter tosettle at number four from the eighth position it heldin the previous quarter

l All localities on the list of the top ten preferredlocalities on rent this quarter witnessed a drop of 2-10 per cent

l Seven out of the ten localities on the list were inSouth Delhi. Third to ninth position on the list wereoccupied by these localities

l Mayur Vihar Phase-I displaced Dwarka as the mostpreferred locality for rented properties. It moved upone position as compared to the previous quarter

l Saket, Vasant Kunj and Malviya Nagar retainedtheir positions at third, fourth and fifth spots

l Defence Colony was a new entrant in the list ofpreferred localities on rent. It occupied the sixthspot and offered properties at Rs 40,000-50,000 per month. It also recorded the highest drop of 10 per cent in rental values this quarter

l Sarita Vihar, Kalkaji, Safdarjung Enclave andJanakpuri dropped one position each on the list tooccupy the seventh to tenth spots in that order

Uttam Nagar, Aya Nagar, Khanpur, Mehrauli

Home in your Budget

Upto Rs 20 Lakh

l Localities in West Delhiwitnessed high supply in mostcategories in this quarter

l Uttam Nagar witnessed highsupply of properties worth uptoRs 40 lakh. Dwarka Mor andMahavir Enclave recorded highsupply of properties in the Rs 20-100 lakh range

l Localities in South Delhiwitnessed the maximum supplyof high end properties worthabove Rs 2 crore

Mahavir Enclave, Burari, Chattarpur, Dwarka MorRs 20-40 Lakh

Vikaspuri, Dwarka Mor, Mahavir Enclave-I, Indraprastha Rs 40-100 Lakh

Patparganj, Dwarka Sector-6 & 22, Sarita ViharRs 100-200 Lakh

Defence Colony, Greater Kailash I, Safdarjung EnclaveRs 2 Crore & Above

Locality Rank Rental %ageQ1 Q4 Values change

Mayur Vihar Ph-I 1 2 19000 to 24500 -7%

Dwarka 2 1 11000 to 13500 -2%

Saket 3 3 23500 to 31500 -4%

Vasant Kunj 4 4 22500 to 28500 -2%

Malviya Nagar 5 5 22000 to 27500 -5%

Defence Colony 6 - 39000 to 52500 -10%

Sarita Vihar 7 6 17000 to 21500 -6%

Kalkaji 8 7 21500 to 28000 -4%

Safdarjung Enclave 9 8 28000 to 38500 -8%

Janakpuri 10 9 15000 to 19500 -4%

Source: Magicbricks.com Source: Magicbricks.com


Over the years, it has become difficult to buy property in the real estate market ofDelhi. In the wake of this, DDA is planning to launch a housing scheme, largelyfor the economically weaker section. In another key announcement, the stategovernment decided to remove one crucial layer in the registration of properties.

DDA lines up largest-ever offer of 27,000 flatsFour years after its last housing scheme which had Delhiites stampeding to apply, DelhiDevelopment Authority (DDA) will soon be coming out with its largest-ever offering of27,000 flats. The 2014 housing scheme will offer flats across all categories. These houseswill be spread across Rohini, Narela and Dwarka and will be priced from Rs 14-15 lakh toRs 1 crore. Almost 90 per cent of the houses on sale or 24,000 units will be put to drawexclusively for the EWS, revealed senior DDA officials.

n The Times of India, Delhi/NCR

One hurdle less for property deals in Delhi At a time when ways to reduce bureaucratic hurdles are being debated across thecountry, the state government has decided to remove one crucial layer in theregistration of properties. From now on, registration of property sale deeds will notrequire a no-objection certificate (NOC) from the local civic authority. Builders had beencomplaining that such NOCs delayed land deals and were tainted by corruption. Themove is taken to revive the struggling realty sector.

n Times of India, Delhi NCR


With MCD’s move to make provisions forsmaller farmhouses, buyers now have moreoptions to invest in the luxury segment.Moreover, with a stable government at thecentre, the number of transactions havepicked up which was almost stagnant till now.As the city will see the new governmenttaking control, more activity in the real estatesector is anticipated, especially in the comingsix months.

Mohit Minocha Founder& DirectorSouth Delhi Floors

E X P E R T S P E A KBroker

Surabhi AroraAssociate director –Research

Consultant

R E A L T Y N E W S

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

Delhi realty was distressed from the last fourquarters. Post elections, the positive businesssentiments are likely to boost confidence. Theabsorption rates are expected to strengthenand new development is likely to pick up.Enquiries have increased but volumes havenot yet picked up. With the new governmentexpected to focus on various installedinfrastructure projects, a welcome revival inDelhi residential market is expected.

Abhishek JainManaging DirectorAngel Group

Q&A

How has the city performed in the lastquarter? Why?

The affordable category, primarily the subRs 20 lakh budget range, is performingmuch better across major cities in India incomparison to the budget range of Rs 50 lakh and above. The strictmonetary regulations due to highinflation, RBI not releasing funds easily,home loans difficult to get, impendingelections and property prices reachingpeak levels by the end of last year havepropelled this turn around. In Delhi NCR,price levels have remained stable but therate of increase might not have been ashigh as last year.

Which budget ranges have done well inthe last quarter? Why?

Property prices between Rs 15-30 lakhsold well in the last quarter of thisfinancial year because of the slowdown inthe real estate market. Small investmentsyielded good results in the past year.

What type of property is in demand?

Residential 1 or 2 bedroom flats are indemand, starting from 500-1200 Sq ft.

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

The maximum numbers of projectlaunches in the last quarter were seen inNoida Expressway and Noida Extension.The maximum expected possession in thecoming months will be in Indirapuram. At least 5-6 major residential projects areabout to get delivered in the comingmonths.

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

In Gurgaon, Sohna Road, JaipurHighway-Bhiwadi has seen a tremendousgrowth due to excellent infrastructuraldevelopment, in and around Haryana bythe development authorities.


60

40

20

0<20 20-40 40-100 100-200 200 &

above

2Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

1

24

3228

2522 21

2421

(Jan-Mar 2014)

(Apr-Jun 2014)

Budget wise Analysis - City Level

DEMAND

60

40

20

0<20 20-40 40-100 100-200 200 &

above

3Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

48

1014

12

27 26

48 48

(Jan-Mar 2014)

(Apr-Jun 2014)

SUPPLY

Budget wise Analysis

l Maximum demand was noted forthe Rs 20-40 lakh budget range, arise of 8 per cent from the previousquarter. However, supply in thecategory remained low at 10 per cent, registering a mismatch

l While almost uniform demand wasnoted in the Rs 40-100 lakh, Rs 1-2 crore and Rs 2 crore andAbove categories, supply (48%) waslargely concentrated in the Rs 2 crore and Above category inthe current quarter

DEMAND - S UPP LY ANALYS I SDemand was largely concentrated on properties priced within Rs 20-100 lakh. However, supply wasconcentrated for properties worth Rs 1 crore and Above. Demand for affordable properties pricedbelow Rs 20 lakh was almost negligible. Apartments remained the preferred property type at thecity level with 85 per cent demand and 91 per cent supply.

Over-supply of premium properties was reflected in the BHK configurations also. Larger units(4BHK and Above) were over-supplied with more than 25 per cent availability. With nearly 45 per cent demand, 2BHK units were the most preferred category. The 3BHK category was alsopopular with more than 40 per cent buyer interest in the Apr-Jun 2014 quarter.

Property wise Analysis

l Demand for apartments (85%)moved up by 8 per cent during theApr-Jun 2014 quarter as comparedto the previous quarter. Supplyremained almost unchanged andled demand by 6 per cent

l Supply for plots lagged behind theexisting demand by 7 per cent inthis quarter. However, demand(10%) dropped by 4 per cent.Demand and supply for residentialhouses remained low, with demanddropping by 4 per cent

BHK wise Analysis - City Level

l Demand for 2 and 3BHK unitsmoved up by 2-4 per cent in theApr-Jun 2014 quarter. While 2BHKunits were the most preferred at 44 per cent demand, 3BHK unitsfollowed a close second with 41 per cent demand

l A significant over-supply of 22 per cent was noted for largerunits (4 BHK and Above). Supplywas stable at 26 per cent in the lastsix months, while demandwitnessed a drop of 3 per cent

Property wise Analysis - City Level

100

80

60

40

20

0

77

85

95

14 10

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

Apartment Residential House Residential Plot

DEMAND

BHK Configuration - City Level

60

40

20

0

1411

4044

3941

74

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above

DEMAND SUPPLY

60

40

20

0

5 5

22 22

47 47

26 26

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)


80

60

40

20

0

92 91

5 63 3

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)


SUPPLY

Source: M

agicbricks.comS

ource: Magicbricks.com

Source: M

agicbricks.com


Most of the supply in the zone was concentrated in the Rs 2 crore and Above category.With nearly 80 per cent availability in this segment an over-supply of 30 per cent wasrecorded in the zone. However, it remained the preferred budget range for buyers withnearly 45 per cent demand.

The 3BHK category was the most preferred and supplied category in the quarter. On theother hand, demand for 2BHK units considerably led supply, resulting in a mismatch.Supply was lower than demand at 12 per cent while demand was at 35 per cent.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-100 lakh

Rs 1-2 crore

Rs 2 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 Almost 45 per cent demand was noted for high-end properties worthabove Rs 2 crore. A significant over-supply of 30 per cent wasrecorded in the segment with 77 per cent availability in the Apr-Jun 2014 quarter

l Demand moved up by 5 per cent in the Rs 20-40 lakh segment tosettle at 23 per cent in the current quarter. However, supply laggedbehind by 18 per cent in the current quarter. The Rs 40-100 lakhcategory was also under-supplied by 13 per cent

l While demand in South Delhi witnessed fluctuations in the last sixmonths, supply in the zone stayed almost stable in the last twoquarters (Jan-Mar 2014 and Apr-Jun 2014)

DEMAND & SUPPLY - South Delhi


l Supply in the zone remained almost stable in the last six monthsacross categories. Demand for apartments moved up by 6 per centfrom the Jan-Mar 2014 quarter. Supply led demand by 8 per cent tostand at 89 per cent

l Demand for houses witnessed a marginal drop of 4 per cent in thecurrent quarter and stood at 6 per cent. Supply in the category keptpace with demand with 7 per cent availability

l Plots were the most preferred property type, after apartments,demand (13%) in the category still dropped by 2 per cent, in the Apr-Jun 2014. However, supply for the same category wassignificantly lower at 4 per cent

BHK wise Analysis

l South Delhi recorded the highest demand for 3BHK units withnearly 45 per cent buyer interest. This was an increase of 3 per centfrom the previous quarter. Supply matched demand at 46 per cent inthe current quarter

l There was a considerable mismatch in the demand and supply of 2 BHK units. While demand inched up 2 per cent in the currentquarter to settle at 35 per cent, supply fell short of demand by 23 per cent

l A significant mismatch of 10 per cent was also noted in the demandand supply of 1BHK units. While demand was at 14 per cent supplystood at 4 per cent during the Apr-Jun 2014 quarter

Q4 Q1

2318

23 20

15 12

42 44

Q4 Q1

9 10

77 77

7 7

Q4 Q1

75

1081

6

Q4 Q1

89

6

89

7

Q4 Q1

35

4144

14

11

33

15

7

Q4 Q1

44

38

46

40

1213

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

1315





There was excess supply for apartments in the zone. Supply in this category led demandby 13 per cent. A healthy demand of 20 per cent was noted for plots in North Delhi.

As far as BHK configuration was concerned, supply for both 2 and 3BHK units witnesseda drop in the Apr-Jun 2014 quarter. This led to an undersupply of 10 and 3 per centrespectively, in both the categories. Properties worth Rs 20-40 lakh and above Rs 2 crorewere over-supplied this quarter. Demand, on the other hand, was found to be highest forproperties priced at Rs 40-100 lakh.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-100 lakh

Rs 1-2 crore


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 In North Delhi, majority of the demand (40%) was concentrated forproperties worth Rs 40-100 lakh. Supply lagged by 13 per cent tostand at 27 per cent. This was a drop of 5 per cent from the Jan-Mar 2014 quarter

l Supply in the zone was almost equally distributed (23-27%) in all thebudget ranges except in the Upto Rs 20 lakh category. Maximum risein supply was noted for high end properties priced over Rs 2 crore

l An over-supply of 6 per cent was noted in the Rs 20-40 lakh categorywhile the Rs 2 crore and Above category was over-supplied by 9 per cent. Almost negligible demand and supply was noted foraffordable properties priced below Rs 20 lakh

DEMAND & SUPPLY - North Delhi


l Apartments were the most preferred property type with 73 per centdemand, a rise of 2 per cent from the Jan-Mar 2014 quarter. However,a significant over supply of 13 per cent was witnessed in thecategory. Localities such as Rohini Sector-9 and Pitumpuracontributed towards this supply

l Demand and supply of plots remained almost unchanged since theprevious quarter. A healthy demand of 20 per cent was noted whilesupply lagged behind by 11 per cent

l Demand and supply for residential houses remained low. Whiledemand dropped by 4 per cent during the Apr-Jun 2014 quartersupply inched up marginally matching the demand in the category

BHK wise Analysis

l While demand for 2BHK units remained almost stable in the last sixmonths at 47 per cent, a drop of 7 per cent was noted in the supply ofthis category, which settled at 37 per cent in the Apr-Jun 2014quarter as against the 44 per cent in the previous quarter

l A similar trend was noted for 3BHK units. While demand inched upby 2 per cent in the current quarter, supply dropped by 4 per cent to29 per cent as compared to the 33 per cent supply noted in theprevious quarter

l Moderate demand of 17 per cent was noted for 1 BHK units.However, this was a drop of 2 per cent from the previous quarter.Supply inched up by 2 per cent to settle at 15 per cent

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential houses

Residential plot

Q4 Q1

21

17

4040

21

15

26

15

Q4 Q1

21 23

32

27

16

21

24

27

71

9

73

7

Q4 Q1

8985

6

Q4 Q1

Q4 Q1

46 47

17

30 32

19

Q4 Q1

33

37

29

44

10 19

13 15

2020 97





More than 90 per cent demand and supply was noted for apartments in the western zone.Demand in the category moved up by 6 per cent during the current quarter.

Both 2 and 3BHK units were preferred in the zone. While 2BHK units led demand with 46 per cent buyer interest, 3BHK units followed close with 42 per cent demand in the Apr-Jun 2014 quarter. However, there was an over-supply of 3BHK units in this zone.Properties priced above Rs 1 crore were the most supplied. However, demand was largelylimited to the Rs 20-40 lakh budget range in the current quarter.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-100 lakh

Rs 1-2 crore


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 There was complete mismatch between the demand and supply inWest Delhi. While the maximum demand of 41 per cent was noted inthe Rs 20-40 lakh category, supply (44%) was concentrated in the Rs 1-2 crore range

l The Rs 20-40 lakh category was the only category that witnessed arise in demand (11 per cent). All other categories witnessed a drop of1-5 per cent in demand during the Apr-Jun 2014 quarter

l An equal supply of 16 per cent was noted for the Rs 20-40 lakh andthe Rs 2 crore and Above category. This was a rise of 3-4 per centfrom the previous quarter. Supply dropped by 4 per cent in the Rs 40-100 lakh range

DEMAND & SUPPLY - West Delhi


l Demand and supply for apartments in West Delhi saw a rise duringthe Apr-Jun 2014 quarter. While demand noted a rise of 6 per cent inthe current quarter, supply moved up by 2 per cent. The demand(92%) was almost synonymous with supply (95%)

l Preference for plots saw a downward trend in the current quarter.Demand for the same dropped from 8 to 4 per cent in theApr-Jun 2014 quarter. However, supply remained negligible, as wasvisible in the previous quarter

l Supply for residential houses matched the existing demand in thecategory during the current quarter. Demand witnessed a marginaldrop of 2 per cent from the Jan-Mar 2014 quarter

BHK wise Analysis

l Nearly 90 per cent demand was concentrated for 2 and 3BHK units.Both categories witnessed a rise in demand. While 2BHK categorysaw a demand of 46 per cent, a rise of 3 per cent from the previousquarter, 3BHK units saw a demand of 42 per cent

l Supply for 2BHK units fell short of the existing demand by 18 per cent while an over-supply of 11 per cent was noted for 3BHKunits in the Apr-Jun 2014 quarter

l A mismatch in demand supply was also noted in the 1BHK and4BHK and Above categories. While 1BHK units were under suppliedby 3 per cent, an over-supply of 10 per cent was noted for largerhomes in the Apr-Jun 2014 quarter

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

Q4 Q1

30 41

28

26

14

23

9

26

Q4 Q1

47

13

44

16

1824

1216

6

866 92

Q4 Q1

93 95

Q4 Q1

Q4 Q1

46

40 42

11 9

6

43

Q4 Q1

5354

28

1311

29

8

6 6





Buyer interest was largely inclined towards apartments in East Delhi with nearly 90 per cent demand. Supply in the zone was also likewise aligned with nearly 95 per centavailability. The zone recorded the highest demand for 2BHK units across all zones with 50 per cent buyer interest. An over-supply of 9 per cent was noted for 3BHK units.

Demand moved up for premium properties priced between Rs 1-2 crore. A rise of 13 per cent was noted as compared to the previous quarter. Even though supply dropped inthe category in the current quarter, it led demand by 12 per cent.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l Both demand and supply was the highest in the Rs 1-2 crorecategory. Demand settled at 37 per cent in the current quarter, a riseof 13 per cent from the previous quarter. Supply, on the other hand,dropped by 7 per cent to settle at 49 per cent

l In the Rs 20-40 lakh range a demand of 18 per cent was recorded, a drop of 6 per cent from the previous quarter. Demand for the Rs 40-100 lakh settled at 26 per cent, a drop of 8 per cent from theprevious quarter

l Both demand and supply recorded a rise of 2 per cent in the Rs 2 crore and Above category during the Apr-Jun 2014 quarter

DEMAND & SUPPLY - East Delhi


l Apartments remained the most preferred and supplied propertytype in East Delhi. As compared to the previous quarter, demand(89%) inched up by 3 per cent and supply (94%) dropped marginallyduring the Apr-Jun 2014 quarter

l Localities such as Indraprastha Extension, Mayur Vihar Phase-I andVasundhara Enclave recorded the highest supply of apartments

l Demand in the other categories (residential houses and plots)dropped marginally in the current quarter. Almost negligible supply(3%) was noted for both residential houses as well as for plots.Supply for plots fell short of the demand by 4 per cent. Thisdifference was at 6 per cent in the Jan-Mar 2014 quarter

BHK wise Analysis

l East Delhi witnessed the highest demand for 2BHK units acrosszones with 50 per cent buyer interest. This was an increase of 4 per cent from the previous quarter. Supply also inched up by 3 per cent even though it fell short of demand by 8 per cent

l An over-supply of 6 per cent was noted for 3BHK units even thoughsupply dropped by 3 per cent in the current quarter. While supplysettled at 44 per cent, demand remained unchanged at 38 per cent

l Preference for smaller units dropped in the zone. A drop of 1-2 per cent was noted in the demand and supply of 1 BHK units inthe current quarter

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

Q4 Q1

2418

34

26

25 37

15 17

Q4 Q1

7 8

16

18

56 49

19 21

866

89

Q4 Q1

95 94

Q4 Q1

Q4 Q1

5046

1012

3838

Q4 Q1

4447

98

39

6

42

78




Gurgaon is the hub of many importantcommercial offices. Property market inareas close to Gurgaon, such asManesar and Gurgaon-Faridabadstretch, is growing due to the highprices in Gurgaon.

Unlike Delhi and Noida, the City Indexfor Gurgaon increased by 1 per cent.While Sector 73 experienced a fall incapital values, Sector 67 and SohnaRoad experienced an increase. SohnaRoad and Palam Vihar were the mostpopular localities for purchase. NewGurgaon and NH-8 are likely to seeexpansion in future.

The rental market registered aslowdown in most of the localities. Therental yield was mostly higher than 2 per cent, better than the yield in DelhiNCR. Sohna Road and Sector 56 werethe most popular localities for rent.

There was a greater supply ofapartments than demand while therewas a shortfall in the supply ofresidential plots. An increasing demandfor apartments in the price range ofover Rs 1 crore was noted. Thedemand and supply was highest for3BHK apartments. The demand wasskewed towards 2BHK apartments,while the supply was more towards the4BHK and Above category.

Sohna Road saw an increasing supplyof high-end and 4BHK and Aboveapartments, while there was a shortageof 2BHK apartments. In Old Gurgaon,an oversupply of 3 and 4BHKproperties was seen, but the market isadjusting by increasing the supply of 1 and 2BHK homes.

A huge unmet demand of 2BHKproperties was also noted. NewGurgaon and Golf Course ExtensionRoad experienced an increased supplyand demand of high-end properties ofRs 2 crore and Above. Affordablemarket of Rs 60-100 lakh is expandingto Dwarka Expressway, Manesar andother New Developing Sectors.



Ed i t o r i a l

GURGAON13VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

PROPINDEX - GURGAON

Similar to the previous quarter, the Gurgaon City Index rose by 1 per cent in the Apr-Jun 2014 quarter as well. The Listed PriceMonitor, on the other hand, remained stable during the sameperiod, unlike the previous quarter where it recorded a drop of 1 per cent. The NPI rose by 1 per cent

l At the city level, a marginalincrease in availability wasnoted in the Apr-Jun 2014quarter. Sector 71 recorded themaximum increase in theavailability of sale/re-saleproperties, closely followed by Sector 67

l No major change was recordedin the average capital values inthe current quarter. However,the rental market showed a drop,unlike the previous quarter

l Overall, the availability ofproperties on lease went up inthe current quarter as comparedto the previous quarter. SohnaRoad and Sectors 47 and 56witnessed the maximum rise

l The Yield Meter exhibited 2-3 per cent rental returns oninvestment in the city. DLFPhase-V, Golf Course Road andSohna Road offered maximumoptions for lease. Of these,Sohna Road offered the highestrental returns at 2.39 per cent

l Sohna Road continued to be themost preferred residentialdestination, owing tocommercial offices and large

scale residential developmentalong the corridor

l The supply of 3BHK units wasover 50 per cent across the city.Almost similar demand wasnoted for the category across thecity, except localities fallingunder the Old Gurgaon (Sectors 1-24)

l Maximum demand wasregistered for units worth Rs 1-2 crore, closely followed byproperties worth Rs 60-100 lakhin the current quarter

l Maximum demand waswitnessed for the budget rangeof Rs 60-100 lakh in the NewDeveloping Sectors (81-95) andresidential pockets of Manesar

l Merely 1-3 per cent increase ordrop was registered in thedemand and supply ofresidential housing. Multi-storey apartmentsrecorded the highest demand

l Residential plots continued to bethe second most preferredcategory. The localities of OldGurgaon, Manesar and NewGurgaon recorded the maximumdemand in the current quarter

Key Takeaways


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

l The Listed Price Monitor for Gurgaon remainedstable during the Apr-Jun 2014 quarter. This waslargely due to the drop in the capital valueswitnessed in most localities

l The drop in capital values ranged from 1-4 per centin the present quarter

l Sohna Road, Golf Course Road and Sector 67 werethe only localities that saw a nominal increase of 1-2 per cent in capital values. Sectors 47, 70, 81, 82and 92 reported no change

l Maximum drop in capital values was observed inSector 73, while the minimum dip was observed inDLF City Phase V and Sector 84

L I S T ED PR I CE MON I TOR



Dlf City Phase-V 25.00 13,100 2.29%

Dlf City Phase-IV 25.00 12,100 2.48%

Golf Course Road 25.00 12,975 2.31%

Sector-56 16.00 7,575 2.53%

Sushant Lok 24.50 9,825 2.99%

Sector-54 19.00 11,575 1.97%

Sector-52 17.00 7,125 2.86%

Dlf City Phase-II 21.50 11,325 2.28%

Sector-57 15.50 8,175 2.28%

Dlf City Phase-I 20.50 9,875 2.49%

Y I E L D M E T E R

l During the Apr-Jun 2014 quarter, the Yield Meternoted a range of 1.97-2.99 per cent which wasalmost similar to the previous quarter. Stablerental and capital values was the major reason

l Sushant Lok clocked the highest rental yield of2.99 per cent among all other localities, followed bySector 52 which marked 2.86 per cent gross yield

l Sector 54 recorded the lowest gross yield of 1.97 per cent in the current quarter. The localityregistered a drop of 4 per cent in the rental valueswhile the capital values increased by 5 per cent

l Other localities with high rental returns includedSector 56, DLF City Phase-I and II with rental yieldranging from 2.48-2.53 per cent

RENT MON I TOR

l Contrary to the previous quarter, almost 85 per centof the localities in the city witnessed a drop inrental values in the Apr-Jun 2014 quarter

l Golf Course Road and Palam Vihar reported themaximum drop of 8 per cent in the current quarter

l Sectors 27, 48 and South City-I were the onlylocalities that registered a rise in rental values. A rise of 2 per cent was observed in each of theselocalities in the current quarter

l A drop of 5-6 per cent in rental values was observedin localities such as Sector 43, Nirvana Country, MG Road, Ardee City and Sohna Road in the Apr-Jun 2014 quarter

0%Source: Magicbricks.com Source: Magicbricks.com



Sohna Road, Sohna, Sector-79, Golf Course Road

PREFERRED LOCALITIES

l Sohna Road continued to be the most preferredlocality for sale in Gurgaon since the last one year.The locality saw a nominal rise of 1 per cent incapital values in the current quarter

l Even though Palam Vihar saw a drop of 1 per cent incapital values, the locality retained its secondposition in the list

l Sector 92 was a new entrant in the top ten preferredlocalities for sale in the current quarter. The sectoroffered the lowest capital values

l Golf Course Road and Nirvana Country improvedtheir standing in the list by moving up two positionsin the current quarter

l Dwarka Expressway saw the biggest drop byslipping down three positions to settle at the seventh slot

l Sector 57 and Golf Course Extension Road gainedone position each while Sector 56 and Sushant Lok-Idropped one slot in the current quarter

l Sohna Road and Sector 56 continued to retain theirtop slots as the preferred rental areas

l Golf Course Road climbed two positions to occupythird slot replacing Nirvana Country which droppedto the fourth position

l Palam Vihar and Sushant Lok-I registered a droppedof 8-9 per cent in rental values in the presentquarter and slipped three positions each to settle atseventh and tenth positions, respectively

l DLF City Phase-IV improved its standing in the listof preferred localities for rent by moving up to thesixth spot as compared to the ninth position itoccupied in the Jan-Mar 2014 quarter

l Golf Course Road, DLF City Phase-IV and Vcommanded the highest rental values in Gurgaon

l Even though DLF City Phase-II registered asignificant drop of 10 per cent in rental values in thecurrent quarter, the locality continued to hold itseight position in the list

Home in your Budget

Upto Rs 20-40 Lakh

l Sohna Road and Golf CourseRoad offer both affordable andpremium properties. Bothlocations noted high supply inthe Upto Rs 40 lakh and Rs 2 crore and above segments

l Supply of properties worth Rs 40-100 lakh was high inSectors 82 and 83

l Premium properties worth Rs 2 crore and Above were highin DLF City in the current Apr-Jun 2014 quarter

Sector-37D, Sector-82, Sector-83, Sector-91, Sector-92Rs 40-60 Lakh

Sector-69, Sector-70, Sector-71, Sector-82, Sector-83Rs 60-100 Lakh

Sector-51, Sector-56, Sector-66, Golf Course Extension Rs 100-200 Lakh

Golf Course Road, Sushant Lok - I, Dlf City Phase VRs 2 Crore & Above

RENT



Sohna Road 1 1 7750 to 9950 1%

Palam Vihar 2 2 7300 to 9150 -1%

Golf Course Road 3 5 12050 to 14600 1%

Sector-56 4 3 7050 to 8550 0%

Sector-57 5 6 7500 to 9400 -2%

Golf Course Extn Road 6 7 7550 to 9600 0%

Dwarka Expressway 7 4 4650 to 6100 1%

Nirvana Country 8 10 8500 to 10050 -

Sushant Lok-I 9 8 8550 to 11250 -2%

Sector-92 10 - 3750 to 4850 0%

SALE



Sohna Road 1 1 14500 to 18000 -5%

Sector-56 2 2 13500 to 17000 -2%

Golf Course Road 3 5 20500 to 27000 -8%

Nirvana Country 4 3 14500 to 18000 -5%

DLF City Phase-III 5 6 19000 to 26000 -4%

DLF City Phase-IV 6 9 21000 to 26500 -3%

Palam Vihar 7 4 14000 to 17500 -8%

DLF City Phase-II 8 8 17500 to 23500 -10%

DLF City Phase-V 9 10 21000 to 26500 -3%

Sushant Lok-I 10 7 18000 to 23500 -9%




Expanding its footprints to New Gurgaon, many investment avenues haveopened for affordable and high-end properties. With the growing IT set-ups, thecity is becoming popular among young buyers, as per the IIM-B-MagicbricksHousing Sentiment Index (HSI) survey.

New Gurgaon, NH-8 hold promise in GurgaonMulti-level developments in terms of infrastructure and commercial activities havespurred the residential property segment in New Gurgaon and NH-8. The residentialsegment has a slew of projects ranging from affordable to high-end, low-rise to high-rise,condominiums, huge penthouses and villas, owing to the growing purchasing poweramong the younger generation. New Gurgaon, the area along the NPR (NorthernPeripheral Road) zones, holds potential due to its proximity to the airport and Delhi.

n Times Property, The Times of India, Delhi/NCR

Young buyers keen on Gurgaon marketGurgaon has grown on the back of the IT revolution that hit the city several years ago. Itmay not be wrong to assume that the IT professionals have given great impetus to theresidential market of the city. As per the latest edition of the IIM-B MagicbricksHousing Sentiment Index (Jan-Mar 2014), buyers in the age group of 25-29 years have thehighest HSI (136), indicating that the younger lot are more positive about the market andexpect prices to rise in Gurgaon as opposed to the older generation.

n Magicbricks.com Bureau

R E A L T Y N E W S


Completion of the Dwarka Expressway willdefinitely be a game changer for the Gurgaonreal estate market. Sentiments are muchbetter here because of the changing skylineof Gurgaon with affordable products. Withthe new government coming in, people areactually talking about real estate investment,which they were avoiding till now because ofthe negative economic conditions and lack ofliquidity in the market.

Gaurav JoharAnmol PropmartGurgaon


Till last year, more than 70 per cent purchaseswere from investors for short term profits. Thescenario is changing with cautious investorsentiment. Limited demand is seen from endusers looking for ready-to-move-in houses.Despite high expectations quick revival wasnot experienced post elections. Any increasein prices is unlikely in the coming quarters. Inthe medium to long term prices are expectedto increase with upcoming infrastructure.

Kinni GujralAssociate DirectorColliers International

Consultant

Nikhil Jain-CEO, Ramprastha, Gurgaon

Q&A

How has the city performed in the lastquarter? Why?

Gurgaon is one of the growing marketssince the last few decades. When thecountry was recovering from theslowdown and was stagnant, Gurgaonsaw a constant augmentation. The cityoffers scope of growth with investorstaking keen interest. Property prices haverisen in new areas such as the DwarkaExpressway, KMP Expressway and Sohna Road.

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

Budget range of Rs 60 lakh to Rs1.5 crore have been in demand. Themarket is recovering from the slowdownand so investors are sceptical aboutspending large amount of money in high-end projects. Thus, the mentioned budgetrange has been doing well.


Properties in the mid-segment have beendoing well.

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

Areas closer to the Dwarka Expressway,FNG Expressway, Southern PeripheralRoad and KMP Expressway havewitnessed construction of many largescale residential projects. Once the roadsare functional, Gurgaon realty market willsee a new high. These are expected tosee new launches and possessions in thenext quarter.

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?

The ongoing infrastructure projects suchas the Dwarka Expressway, FNGExpressway and KMP Expressway areslowly nearing completion. Oncecompleted, the areas closer to theseprojects will see a new high.



l The Rs 1-2 crore categoryregistered maximum demand andsupply. The category saw 39 per cent demand and 34 per centsupply. Demand and supply for theRs 2 crore and Above category wassimilar at 30-31 per cent

l Demand (23%) and supply (26%)was noted for the Rs 60-100 lakhcategory. The Upto Rs 40 lakh andRs 40-60 lakh categories togetherrecorded 7 per cent demand and 10 per cent supply

DEMAND - S UPP LY ANALYS I SPremium properties priced over Rs 1 crore noted maximum demand and supply in the city. The Rs 1-2 crore and Rs 2 crore and Above categories together recorded 70 per cent demand with analmost corresponding supply of 64 per cent

An oversupply of apartments was observed in the city where demand was 67 per cent while thesupply was 81 per cent. Similar mismatch was seen in the plotted development where supply fellshort of its demand by 15 per cent. The 3BHK units were the most demanded (55%) and supplied(52%) category. While an undersupply of 10 per cent was visible in the 2BHK category, the 4BHK and Above category saw an oversupply of 14 per cent


l An oversupply of apartments wasnoted, as in the previous quarter.The category recorded 67 per centdemand while the supply stood at81 per cent

l Similar mismatch was observed inthe plotted development category.Supply for plots fell short ofdemand by 15 per cent, withdemand at 27 per cent and supplyat 12 per cent. Demand and supplyfor residential houses remainedsynonymous at 6-7 per cent.


l The 3BHK category was the mostpreferred, registering a demand of55 per cent, an increase of 5 per cent. Supply stood at 52 percent, registering a small drop of 2 per cent in the current quarter

l The 2BHK category was the nextpreferred with 30 per cent demand.Supply fell short by 10 per cent.Demand and supply of 1BHK unitswas negligible, while there was anoversupply of 14 per cent in the4BHK and Above category

50

40

30

20

10

0<40 40-60 60-100 100-200 200 &

above

3Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

36 4

2623

3639

2931

(Jan-Mar 2014)

(Apr-Jun 2014)


DEMAND

50

40

30

20

10

0<40 40-60 60-100 100-200 200 &

above

2

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

4 6 6

2826

3734

2730

(Jan-Mar 2014)

(Apr-Jun 2014)

SUPPLY


60

40

20

0

4 3

3230

5055

1412

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)


DEMAND SUPPLY

60

40

20

01 2

20 20

54 52

25 26

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)



100

80

60

40

20

0

64 67

8 6

28 27

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)


DEMAND

100

80

60

40

20

0

80 81

8 712 12

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)


SUPPLY

Source: M

agicbricks.comS


Source: M

agicbricks.com


An undersupply was observed in properties priced above Rs 1 crore. The Rs 1-2 crore andthe Rs 2 crore and Above categories recorded 62 per cent demand while supply was 50 per cent. Supply for Upto Rs 40 lakh category saw a significant rise of 12 per cent

The 2 and 3BHK categories registered a consolidated demand of 86 per cent. Supply was 75 per cent. The 4BHK and Above category reported an oversupply of 13 per cent.Apartments were the most preferred property type in the zone with 78 per cent demandand 81 per cent supply

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l An oversupply of 9 per cent was witnessed in the Upto Rs 40 lakhcategory. The category saw a sudden rise of 12 per cent in supplywhile demand remained at 7 per cent. Demand and supply for the Rs 40-60 lakh category was synonymous at 7 per cent

l The demand for Rs 60-100 lakh category dropped by 5 per cent tostand at 24 per cent while supply was almost corresponding at 27 per cent

l Demand and supply mismatch was observed in the higher budgetranges. While the demand for Rs 1-2 crore category was 37 per cent,its supply was 30 per cent. The Rs 2 crore and Above saw 25 per centdemand and 20 per cent supply

DEMAND & SUPPLY - Sohna Road, Gurgaon


l Apartments recorded a 78 per cent demand, a negligible drop of 1 per cent from the previous quarter. The supply for the same stoodat 81 per cent, witnessing a drop of 6 per cent over the Jan-Mar 2014quarter. Maximum supply for apartments was recorded in Sectors 77-79

l Demand for residential plots increased by 4 per cent, while thesupply recorded a rise of 8 per cent in the current quarter. Thecategory recorded a 19 per cent demand and a 14 per cent supply,registering a mismatch

l The demand and supply for residential houses was almost equal.There was 3 per cent demand and 5 per cent supply for the same inthe current quarter

BHK wise Analysis

l As observed in the previous quarter, there was considerable demandand supply for the 3BHK category in the zone. While the demandwas 50 per cent, consistent with the previous quarter, supply saw anominal drop of 3 per cent and stood at 53 per cent

l For the 2BHK category, demand was 36 per cent and supply 22 per cent, a small variation of 1-2 per cent from the previousquarter. The demand and supply for the 1BHK category wasmarginal with 5 and 3 per cent respectively

l The 4BHK and Above category reported a mismatch of 13 per centin the present quarter. The category registered an oversupply at 22 per cent while demand was merely 9 per cent

Q4 Q1

3735

29

22

24

25

786 7

Q4 Q1

3037

28

23

27

20

Q4 Q1

79 78

Q4 Q1

877

81

Q4 Q1

5050

34

10

36

9

Q4 Q1

5356

21

21 22

22

16

7

8

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

6

15 19 6 14

6





In Old Gurgaon, the Rs 1-2 crore category continued to garner highest demand (33%)while the Rs 60-100 lakh and Rs 2 crore and Above categories followed closely with 23 and27 per cent demand respectively

The 2BHK category saw 46 per cent demand, highest among all zones while its supply fellshort by 22 per cent. An oversupply was registered in the 3BHK and 4BHK and Abovecategories. A significant demand of 46 per cent for plots was witnessed while its supplywas insufficient at 28 per cent. Supply of apartments led its demand by 17 per cent.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


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 Demand for the Rs 1-2 crore category remained consistent with theprevious quarter at 33 per cent. Its supply witnessed a significantdrop of 13 per cent in the current quarter and stood at 37 per cent

l The Rs 2 crore and Above category gained popularity. The categorysaw a rise of 5 per cent in demand and stood at 27 per cent andsupply was corresponding at 29 per cent

l The Upto Rs 40 lakh and the Rs 40-60 lakh categories togetherrecorded 17 per cent demand and 15 per cent supply. There was 23 per cent demand and 19 per cent supply for the Rs 60-100 lakhcategory. Supply for the same saw a rise of 6 per cent

DEMAND & SUPPLY - Old Gurgaon


l Among all zones, Old Gurgaon recorded the maximum demand forplots while the supply for the same remained half of it. Thecategory recorded a demand of 46 per cent. Its supply was 28 per cent, a drop of 6 per cent from the previous quarter

l There was an oversupply of apartments in the Apr-Jun 2014 quarter.Supply of apartments led demand by 17 per cent. Demand forapartments was strictly concentrated to Palam Vihar

l Both demand and supply for residential houses saw a drop of 3 and 6 per cent respectively, in the present quarter. While the demandstood at 17 per cent, the supply matched it closely at 18 per cent inthe Apr-Jun 2014 quarter

BHK wise Analysis

l Among all zones, Old Gurgaon registered maximum demand for the2BHK category. The demand was 46 per cent, a drop of 4 per centfrom the previous quarter. Supply fell short of demand by asignificant 22 per cent

l Similar mismatch was registered in the 3BHK category, wheresupply led demand by 8 per cent. There was 38 per cent demandwhile the supply for the same stood at 46 per cent

l A negligible demand of 5 per cent was noted for the 4BHK andAbove category, while the supply was 23 per cent, registering a gapof 18 per cent. The zone recorded 11 per cent demand for the 1BHKcategory while supply stood at 7 per cent

Q4 Q1

23

10

11

33

22 27

33

10

7

24

Q4 Q1

19

50

27 29

37

13

Q4 Q1

36

20

37

17

Q4 Q1

42

24

54

18

Q4 Q1

4650

38

12

32

11

6

Q4 Q1

24

55

15

46

2326

86

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

44 46 34 28

7

7





Supply for apartments led demand by 17 per cent. The category noted 72 per cent supplyand 55 per cent demand. Supply for plotted development fell short of demand by 18 per cent

Properties priced above Rs 1 crore witnessed maximum demand and supply. The Rs 1-2 crore and Rs 2 crore and Above categories together recorded 83 per cent demand and85 per cent supply. A significant demand of 58 per cent was registered for the 3BHKcategory followed closely by supply at 52 per cent. An oversupply of 19 per cent wasregistered in the 4BHK and Above category

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


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 Demand and supply was inclined towards the higher budget range.The Rs 1-2 crore and the Rs 2 crore and Above categories togetherrecorded 83 per cent demand and 85 per cent supply

l Individually, the Rs 1-2 crore category noted a correspondingdemand (40%) and supply (38%). Demand increased by 3 per centand supply dropped by the same. There was 43 per cent demand and47 per cent supply for the Rs 2 crore and Above category

l Both demand and supply for the Rs 60-100 lakh category saw a dropof 4 per cent. The category saw 14 per cent demand and 10 per centsupply. There was negligible demand and supply for properties inthe lower budget range

DEMAND & SUPPLY - New Gurgaon


l Demand and supply of apartments in the Apr-Jun 2014 quarter wasalmost similar to that of the previous quarter. The categoryrecorded a demand of 55 per cent, while the supply for the same was72 per cent. A disparity of 17 per cent was registered

l Plots were the second most demanded and supplied property type.The category recorded a 38 per cent demand and 20 per cent supply.The demand was restricted to DLF City Phase-I, II, III and IV,Sectors 46 and 57, South City-II and Sushant Lok-I

l Demand and supply for residential houses was almost similar to theprevious quarter. While the demand was 7 per cent, its supply stoodat 8 per cent

BHK wise Analysis

l The 2 and 3BHK categories registered a consolidated demand of 83 per cent in the Apr-Jun 2014 quarter. The two categoriesregistered 65 per cent supply during the same period

l Individually, the demand and supply in the 2BHK categoryregistered a mismatch of 12 per cent. While demand for the samewas 25 per cent, supply stood at 13 per cent. The 3BHK category had58 per cent demand, closely followed by supply at 52 per cent

l Supply for the 4BHK and Above category led demand by 19 per cent.The category saw 14 per cent demand while supply stood at 33 per cent. The demand (3%) and supply (2%) for the 1BHKcategory was negligible in the zone

Q4 Q1

4037

18

39 43

Q4 Q1

38

41

14

41 47

10

55

9

55

7

Q4 Q1 Q4 Q1

70

872

8

Q4 Q1

52 58

17

25

14

27

Q4 Q1

55 52

30

14

33

13

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

36 38 22 20

14





In Dwarka Expressway, apartments were the most preferred property type with 82 per cent demand. The supply exceeded demand by 9 per cent and stood at 91 per cent.Though plots were high in demand (16%) in the zone, its supply was merely 5 per cent

The 2 and 3BHK categories recorded a consolidated demand of 93 per cent while thesupply more or less matched the demand at 85 per cent. Maximum demand (41%) in thezone was observed for the Rs 60-100 lakh category, while its supply saw 48 per cent in thecurrent quarter

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


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 Rs 60-100 lakh category remained the most demanded andsupplied. Both demand and supply saw a rise of 3 per cent in thecurrent quarter. The category saw 41 per cent demand and 48 per cent supply

l Demand for the Rs 1-2 crore category was 36 per cent, a small rise of3 per cent from the previous quarter. Supply for the same stood at 31 per cent, dropping by 5 per cent. Demand and supply for the Rs 2 crore and Above category was almost similar at 10-12 per cent

l The Upto Rs 40 lakh category saw 4 per cent demand and 2 per centsupply while the Rs 40-60 lakh recorded a 7 per cent demand and 9 per cent supply

DEMAND & SUPPLY - Dwarka Expressway, Gurgaon


l Apartments saw a demand of 82 per cent, a 7 per cent rise over theprevious quarter. Supply for the same stood ahead at 91 per cent,gaining 5 per cent from the Jan-Mar 2014 quarter

l Plots remained the second most preferred property type with 16 per cent buyers demanding it. However, as observed in previousquarter, its supply remained well behind demand with merely 5 per cent availability

l Both demand and supply of residential houses witnessed a marginaldrop in the current quarter. While the demand stood at 2 per cent,supply was 4 per cent. This was a marginal drop of 2 and 5 per centrespectively over the Jan-Mar 2014 quarter

BHK wise Analysis

l Similar to the previous quarter, demand in Dwarka Expressway wasinclined towards 3BHK category. The zone recorded 59 per centdemand for this category, a rise of 7 per cent from the previousquarter. Supply for the same was matching at 57 per cent

l There was considerable demand of 34 per cent for the 2BHKcategory. Its supply was 28 per cent, a rise of 4 per cent over theprevious quarter. Demand and supply for 2BHK category wasrestricted to Sector 103

l Supply for the 4BHK and Above category led demand by 9 per cent.The segment saw 14 per cent supply while demand for the same wasmerely 5 per cent in the current quarter

Q4 Q1

38

33

117

36

12

41

Q4 Q1

45

36

9

31

48

7

11 10

Q4 Q1

75

82

Q4 Q1

8691

Q4 Q1

35

59

34

52

8

Q4 Q1

59 57

17

23

14

28

13

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

21 169





Among all zones, the Golf Course Extension Road registered maximum demand (93%) andsupply (90%) in the current quarter. An oversupply of 13 per cent was observed in the4BHK and Above category. There was 18 per cent demand and 31 per cent supply

Demand for the 3BHK category was 58 per cent, highest in the zone. Supply fell short of its demand by 8 per cent. Properties worth Rs 1 crore and Above saw a demand of 80 per cent while its supply was 71 per cent. Supply for the Rs 60-100 lakh category led itsdemand by 9 per cent

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


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 As in the previous quarter, the Rs 1-2 crore category recorded thehighest demand and supply. With 46 per cent demand and 40 per centsupply, the category registered a mismatch of 6 per cent

l Demand and Supply for the Rs 2 crore and Above category saw a 3 per cent rise. The demand for the category was 34 per cent whilesupply was almost matching at 31 per cent

l There was an oversupply of 9 per cent in the Rs 60-100 lakh category.While the demand was 17 per cent, supply stood well ahead at 26 per cent. Both demand and supply for the Upto Rs 40 lakh and theRs 40-60 lakh categories was synonymous at 1-2 per cent

DEMAND & SUPPLY - Golf Course Extension Road, Gurgaon


l Demand for apartments was corresponding to its supply. Thecategory recorded 93 per cent demand, highest among all zones,while the supply stood at 90 per cent. Sectors 66-71 and the GolfCourse Extension Road saw maximum demand for apartments

l Demand and supply of all other categories witnessed minorvariations. While the demand for residential houses was merely 2 per cent, supply at 7 per cent led demand by 5 per cent

l A similar mismatch was observed in the plots category as well,where demand exceeded its supply by 2 per cent in the currentquarter. Most of the demand for plotted development was generatedin Sector-67 and Golf Course Extension Road

BHK wise Analysis

l Golf Course Extension Road registered 58 per cent demand for the3BHK category, a rise of 6 per cent from the previous quarter.Supply for the same remained constant at 50 per cent, falling shortof demand by 8 per cent

l Similar to the previous quarter, the zone witnessed a mismatch ofdemand and supply in the 4BHK and Above category. While demandwas 18 per cent, its supply was well ahead at 31 per cent

l Demand and Supply for 2BHK category was almost matching. Whilethe demand was 23 per cent, a drop of 3 per cent from the previousquarter, supply stood at 18 per cent in the current quarter

Q4 Q1

4643

31

20

34

17

Q4 Q1

4039

28

30

31

26

Q4 Q1

9093 91

6

907

Q4 Q1

Q4 Q1

52 58

19

26

18

23

Q4 Q1

50 50

30 31

19 18

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

7





In the New Developing Sectors, demand and supply for the 3BHK category wascorresponding at 55 per cent. Demand for the 2BHK category was 37 per cent with supplyat 31 per cent. The supply of 4BHK units exceeded demand

The demand and supply for apartments remained synonymous at 91 per cent. The zonerecorded maximum demand (57%) and supply (52%) for the Rs 60-100 lakh category. An oversupply of 10 per cent was noted in the Rs 40-60 lakh category. The Rs 1-2 crorecategory saw 31 per cent demand and 27 per cent supply.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l The Rs 60-100 lakh and the Rs 1-2 crore categories continued toremain the most preferred in the zone. The categories registered aconsolidated demand of 88 per cent and supply of 79 per cent

l Individually, the Rs 60-100 lakh category saw 57 per cent demand,highest in the zone, closely followed by supply at 52 per cent. Therewas 31 per cent demand and 27 per cent supply for the Rs 1-2 crorecategory in the current quarter

l Supply for the Rs 40-60 lakh category led its demand by 10 per centwith 7 per cent demand and 17 per cent supply. The Upto Rs 40 lakhand the Rs 2 crore and Above categories saw negligible demand andsupply in the zone

DEMAND & SUPPLY - New Developing Sectors, Gurgaon


l Supply of apartments kept pace with its demand with bothremaining firm at 91 per cent. Demand and supply of apartments inthe Apr-Jun 2014 quarter saw a rise of 2 and 5 per cent respectively

l There was a negligible demand for residential houses with just 1 per cent buyers opting for it. Supply for the same stood at 4 per cent, a slight dip of 3 per cent from the previous quarter

l Demand for residential plots led its supply by 3 per cent in thecurrent quarter. The category recorded 8 per cent demand, a drop of4 per cent from the previous quarter. Its supply was 5 per cent, a small rise of 1 per cent from the previous quarter

BHK wise Analysis

l Demand and supply for the 3BHK category was synonymous in thecurrent quarter. The category recorded 55 per cent demand, a rise of8 per cent from the previous quarter. Supply closely met demandand stood at 54 per cent

l The 2BHK category registered 37 per cent demand and 31 per centsupply. Demand for the same saw a drop of 5 per cent while anominal rise of 1 per cent was registered in the supply

l There was an oversupply of larger homes of 4BHK and Aboveconfiguration. Where demand for the category was 8 per cent,supply was 14 per cent in the current quarter, exceeding demand by 6 per cent

Q4 Q1

5754

8

30 31

7

Q4 Q1

5253

17

26 27

17

8691

Q4 Q1

897

91

Q4 Q1

Q4 Q1

42

36

47 55

89

Q4 Q1

54

30

14

31

13

56

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

12 8

6





In Manesar, mismatch was observed in the demand and supply of all the budget ranges.While an undersupply of 10 per cent was observed in the Rs 40-60 lakh and Rs 1-2 crorecategories, the Rs 60-100 lakh category saw an oversupply of 25 per cent

Demand for the 3BHK category was 54 per cent while its supply was 65 per cent,registering a mismatch of 9 per cent. Similar mismatch was observed in the 2BHK and4BHK and Above categories. Apartments and residential houses witnessed an oversupplywhile plotted development registered an undersupply in the present quarter

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l Both demand and supply for the Rs 40-60 lakh category saw a rise of6-7 per cent. The demand stood at 24 per cent while the supply was 14 per cent, registering a gap of 10 per cent

l Demand of 39 per cent was noted for the Rs 60-100 lakh category, a rise of 3 per cent over the previous quarter. Supply for the samesaw a significant drop of 9 per cent and stood at 64 per cent

l Though supply for the Rs 1-2 crore category saw an increase of 8 per cent in the current quarter, it remained well behind itsdemand. The category saw 26 per cent demand and 16 per centsupply, registering a mismatch of 10 per cent

DEMAND & SUPPLY - Manesar, Gurgaon


l Demand for apartments saw a rise of 6 per cent in the presentquarter and stood at 68 per cent. Supply for the same remainedunchanged with 86 per cent availability

l There was an oversupply of residential houses in the currentquarter with supply leading its demand by 6 per cent. Supply for thesame saw a 5 per cent increase and stood at 9 per cent while thedemand was merely 3 per cent registering a mismatch

l Plots were the second most demanded and supplied property type inManesar. However, both demand and supply saw a drop of 5 per centin the current quarter. While the demand for the same was 29 per cent, its supply fell short by 24 per cent

BHK wise Analysis

l There was an increase of 7 per cent in the demand of 3BHKcategory in the Apr-Jun 2014 quarter. The category saw a demand of54 per cent while the supply stood at 65 per cent, a significant drop of9 per cent when compared to the previous quarter

l The 2BHK category registered a demand of 36 per cent, consistentwith the previous quarter. The supply for the same was a meager 11 per cent, registering a mismatch of 25 per cent

l Mismatch was also seen in the 4BHK and Above category. Thesupply was 24 per cent, a rise of 6 per cent from the previousquarter, while the demand for the same was merely 7 per cent

Q4 Q1

2630

36 39

Q4 Q1

168

75 64

Q4 Q1

6268

86 86

Q4 Q1

Q4 Q1

4754

11

36

7

36

Q4 Q1

7565

17 24

710

6

24

13

17

8

6

14

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

36 29 109

7




Both Noida and Ghaziabad have goodeducational infrastructure and are wellconnected to Delhi. Some wellestablished sectors of Noida areconnected to Delhi and are thus,popular housing destinations for themiddle income groups. Due to theirproximity to Delhi, property prices inNoida-Ghaziabad are influenced by thetrends in Delhi. The City Index and theListed Price Monitor of Noida andGhaziabad remained unchanged.

The change in average capital valuesranged from -5 to +5 per cent inNoida. Sectors 50 and 76 remainedthe most preferred for sale. InGhaziabad the capital values of LalKuan increased by 11 per cent whilethat of Mohan Nagar and Pratap Viharincreased by 5 per cent.

The rental markets in Noida andGhaziabad remained stable. The YieldMeter showed that Noida andGhaziabad continued to offer betterrental yields as compared to DelhiNCR. The yields were highest in Sectors92 and 62 in Noida and inIndirapuram in Ghaziabad.

The residential property market inNoida and Ghaziabad was dominatedby apartments. Except in Old Noida,the supply of apartments was higherthan demand. The highest demandwas for the price band of Rs 60-100lakh at 45 per cent. The supplyremained stagnant at 34 per cent.

In Noida and Ghaziabad, the demandwas greater than supply of 2BHK unitswhile supply was greater than demandin the 3BHK properties. The only regionto experience huge demand for 4BHKand Above properties was Old Noida.In Ghaziabad, there was an over-supply in the price band of Rs 20-40lakh while demand was greater thansupply in the Rs 70-100 lakh category.

There was a fear of the circle ratesincreasing in Noida and Ghaziabad.Wherein the demand may drop leadingto slow down of the property market.



Ed i t o r i a l

NOIDA-GHAZIABAD25VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

PROPINDEX - NOIDA-GHAZIABAD

As in the previous quarter the City Index in Noida remainedstable in the Apr-Jun 2014 quarter. The Listed Price Monitoralso remained unchanged. The City Index for Ghaziabad alsoremained stable in the current quarter as compared to the 1 per cent drop recorded in the Jan-Mar 2014 quarter.

Noida

l Over 50 per cent localities inNoida recorded 0-5 per cent risein average capital values. On the other hand, close to 45 per cent of the total localitiesregistered a drop between 1-5 per cent. This kept the ListedPrice Monitor unchanged

l Increase in availability ofresidential apartments for salecoupled with an overall stabilityin average capital valuesarrested the growth of the CityIndex in the current quarter

l Except for a few well establishedsectors in Noida, the residentialmarket registered an overalldrop in average rental values,primarily owing to a drop inasking values

l Sector 92 along the Noida-Greater-Noida Expresswayoffered maximum gross yield at3.42 per cent. All other sectorsoffered rental returns between1.78-2.98 per cent

l Demand for 2BHK unitsoutstripped supply acrossregions in the city

Ghaziabad

l Unlike other parts of Delhi-NCR, Ghaziabad noted a risebetween 1-3 per cent in capitalvalues. Lal Kaun at 11 per centwas an exception

l Rental market noted increase ordrop in monthly lease within arange of minus 2 to 8 per cent.Vasundhara registered themaximum drop after recordingan increase of 10 per cent in theprevious quarter

l On an average, the Ghaziabadresidential market offeredhigher rental returns incomparison to Delhi, Noida andGurgaon, with a minimum grossyield of 2.27 per cent

l Demand of over 40 per centcontinued to be highest forproperties worth Rs 40-70 lakh.Increase in demand was alsonoted for Rs 70 lakh and above,similar to supply with amarginal increase

l Demand for 2BHK unitscontinued to outstrip supply.However, an inverse trend wasregistered for 3BHK units

Key Takeaways


NOIDA-GHAZIABAD 26VOL4, ISSUE 1; APR-JUN, FY 2014-15propindex.magicbricks.com

l Nearly 45 per cent of the tracked localities recordeda drop of 1-5 per cent in capital values during theApr-Jun 2014 quarter

l Sector 62 recorded the highest drop of 5 per cent incapital values in the previous quarter

l Sectors along the Noida Expressway and inproximity, Sectors 82, 93A, 128, 137 and 143 recordedpositive price movements. Values either stayedstable or inched up by 1-5 per cent in these sectors inthe current quarter

l Sector 93A and B recorded the highest rise of 5 and 3 per cent respectively in capital values duringthe Apr-Jun 2014

LISTED PRICE MONITOR - Noida



Sector-44 18.00 12,150 1.78%

Sector-82 13.25 6,225 2.55%

Sector-62 15.50 6,250 2.98%

Sector-61 16.25 7,400 2.64%

Sector-92 21.25 7,450 3.42%

Sector-93 15.75 7,425 2.55%

Sector-93B 17.25 7,450 2.78%

Sector-82 13.25 6,225 2.55%

Sector-29 15.75 7,775 2.43%

Sector-119 11.25 4,875 2.77%

YIELD METER - Noida

l The Magicbricks yield meter ranged from 1.78-3.42 per cent during the Apr-Jun 2014 quarteras compared to the 2.14-3.40 per cent recorded inthe previous quarter. Dropping rental values in thecity restricted the yield meter this quarter

l Sector 44 recorded the lowest rental yield in theApr-Jun 2014 quarter

l As observed in the previous quarter, Sector 92continued to clock the highest rental returns inNoida. It inched up from 3.40 to 3.2 per cent in thecurrent quarter

l Sectors in proximity to commercial sets-ups suchas Sectors 61 and 62 recorded healthy rentalreturns to the tune of 2.64-2.98 per cent

RENT MONITOR - Noida

l As compared to the positive rental market observedin the previous quarter, rental values stabilised inthe current quarter resulting in dropping values

l Rental values in Sectors 29, 50, 62 and 82, which hadwitnessed a rise in the previous quarter, recorded adrop of 1-4 per cent

l Sectors 28, 34 and 61, which had witnessed either adrop or stable values in the previous quartercontinued their poor run, recording a drop of 4-9 per cent in the current quarter

l On the other hand, rental values displayed a positivetrend in Sectors 25, 35 and 52 with a rise of 7-10 per cent in the last six months

0%




PREFERRED LOCALITIES - NOIDA

l Sector 76 grabbed the top spot in the list of preferredlocalities for sale in Noida during the currentquarter. Availability of new projects and lowercapital values may be the reason

l Sector 50, which was at the top for two quarters in arow, dropped to the second position

l Relatively affordable sectors such as 137, 78, 120 and119 retained their spots at third, fourth, sixth andtenth positions respectively. Capital values rangedfrom Rs 4,800-5,600 per sq ft in these locations

l Sector 62 moved up two positions to settle at numberfive. The sector witnessed a drop of 5 per cent incapital values

l Sector 100 dropped three positions on the list thisquarter to settle at number five

l Two new entrants in the list of the preferredlocalities for sale in the current quarter wereSectors 45 and 77. While Sector 45 was at the ninthposition, Sector 77 grabbed the seventh position

l The list of top ten preferred localities for rent inNoida remained unchanged in the current Apr-Jun 2014 quarter as compared to the previousJan-Mar 2014quarter

l Sectors 62, 50, 82, 61, 93 and 37 retained theirpositions from first to sixth in that order on the list

l Sector 44 moved up two positions to settle at numberseven in the current quarter. Rental values in thelocality witnessed a major drop of 10 per cent

l All localities in the top seven recorded a drop of 1-10 per cent in rental values during the last three months

l Sectors 119 and 120 dropped a position each to settleat the ninth and eighth positions, respectively. Bothlocalities witnessed stable rental values in thecurrent quarter

l Sector 52 was a new entrant at the tenth position inthe list of the top ten preferred localities for rentduring this quarter.

RENT



Sector-76 1 2 4750 to 5300 2%

Sector-50 2 1 7150 to 8900 -1%

Sector-137 3 3 4800 to 5350 2%

Sector-78 4 4 4900 to 5650 -2%

Sector-62 5 7 5750 to 7150 -5%

Sector-120 6 6 4800 to 5650 -1%

Sector-77 7 - 5200 to 5700 2%

Sector-100 8 5 5700 to 6600 -2%

Sector-45 9 - 5700 to 6500 -2%

Sector-119 10 10 4550 to 5450 -2%

SALE



Sector-62 1 1 14000 to 18000 -2%

Sector-50 2 2 16000 to 20000 -1%

Sector-82 3 3 12000 to 15500 -4%

Sector-61 4 4 15000 to 18500 -4%

Sector-93 5 5 14500 to 18000 -5%

Sector-37 6 6 15000 to 19000 -3%

Sector-44 7 9 16500 to 21000 -10%

Sector-120 8 7 11500 to 14000 -

Sector-119 9 8 10500 to 12500 0%

Sector-52 10 - 15000 to 19000 3%

Sector-73, Sector-110, Sector-121, Sector-150

Home in your Budget

Upto Rs 20 Lakh

l Sectors 73 and 110 recordedthe highest supply ofproperties worth upto Rs 40 lakh in the Apr-Jun 2014quarter

l Properties in the budget rangeof Rs 40-100 lakh were mostcommon in Sectors 76, 78 and120 in the current quarter

l Premium properties pricedabove a crore were mostsupplied in Sectors 50, 93, 93A,104 and 128

Sector-73, Sector-110, Sector-134, Sector-151Rs 20-40 Lakh



Sector-50, Sector-93, Sector-93A, Sector-104, Sector-128 Rs 1 Crore & AboveSource: Magicbricks.com



LISTED PRICE MONITOR - Ghaziabad



Indirapuram 13.00 5,175 3.01%

Vaishali 12.75 5,375 2.85%

Vasundhara 10.50 4,975 2.53%

Crossings Republik 6.75 3,575 2.27%

Kaushambi 13.75 6,000 2.75%

Y I E L D M E T E R - G h a z i a b a d

l The Magicbricks Yield Meter ranged from 2.27-3.01 per cent in the Apr-Jun 2014 quarter. This was almostsimilar to the range observed in the previous quarter

l Indirapuram continued to witness the highest rental yieldin the city. This is the third time in a row that the localityhas clocked the highest returns

RENT MONITOR - Ghaziabad

-1%

l Kaushambi and Vaishali also recorded healthyreturns. The yield in these locations variedfrom 2.75-2.85 per cent in the current quarter.While the yield dropped in Vaishali ascompared to the previous quarter, it inched upmarginally in Kaushambi

l Similar to the Jan-Mar 2014 quarter, CrossingsRepublik continued to yield the lowest rentalreturns in the city. This was because of lowcapital and rental values in the locality duringthe current Apr-Jun 2014 quarter



l By and large the city recorded a positive sentimentwith capital values witnessing a rise in most of thetracked localities. This also pushed up the ListedPriced Monitor, which had recorded a drop of 1 per cent in the previous quarter

l Lal Kuan recorded the highest rise of 11 per cent incapital values in the Apr-Jun 2014 quarter

l Localities such as Kaushambi, Shalimar GardenExtension-I, Mohan Nagar and Pratap Viharrecorded a rise of 3-5 per cent in capital values

l Localities such as Bhopura and Ankur Vihar thathad witnessed a rise in the previous quarterregistered stable values

l The city recorded a mixed trend in the rental marketduring the Apr-Jun 2014 quarter

l The highest rise in rental values was recorded inKaushambi, which clocked a rise of 8 per cent in thecurrent quarter. This was an aberration from theprevious quarter wherein Kaushmabi had recordedno change

l On the other hand, Vasundhara, which had recordeda rise of 10 per cent in rental values in the Jan-Mar 2014 quarter, saw a drop of 7 per cent invalues this quarter

l Abhay Khand continued to post increasing rentalvalues with a rise of 2 per cent in the current Apr-Jun 2014 quarter


PREFERRED LOCALITIES - GHAZIABAD

l The top six localities in the list of the top tenpreferred localities on sale remained unchangedsince the previous quarter

l Indirapuram, Vaishali, Raj Nagar Extension,Crossings Republik, Vasundhara and Govindpuramoccupied the first to sixth spots

l Lal Kuan moved up a position to settle at the seventhspot. The locality witnessed a considerable rise of 11 per cent in capital values this quarter

l Shalimar Garden Extension-I moved up from theninth position it held in the last quarter to theeighth spot

l Kaushambi slipped two positions from the previousquarter to settle at the ninth position. This may beattributed to the comparatively higher capital valuesin the locality (Rs 5,500-7,000 per sq ft)

l Sahibabad, at number ten, was a new entry in thelist this quarter. The locality offers properties in therange of Rs 3,600-4,600 per sq ft

l Indirapuram continued to be the most preferredlocality for rent in Ghaziabad, a trend that has beenobserved quarter-on-quarter

l Crossings Republik moved up a spot to settle at thesecond position this quarter. Rental valueswitnessed no change since the last quarter

l Vaishali dropped to the third position on the list.Rental values in the locality witnessed a drop of 4 per cent over the quarter

l Localities such as Vasundhara, Raj Nagar Extensionand Kaushambi retained their positions on the list

l Govindpuram moved up three positions to settle atthe seventh spot as compared to the tenth position itoccupied in the previous quarter. The localityrecorded a drop of 10 per cent in rental values

l Mohan Nagar was a new entrant in the list of topten preferred localities for rent. The increaseddemand for the locality led to a rise of 10 per cent invalues in this quarter

Lal Kuan, Govindpuram, Ankur Vihar, Bhopura

Home in your Budget

Upto Rs 20 Lakh

l Ankur Vihar witnessed a highsupply of affordableproperties priced upto Rs 40 lakh

l Vaishali and Vasundharaoffered properties in a widebudget range of Rs 40 lakh toRs 1 crore and Above

l Indirapuram and Kaushambisaw high supply of propertiesin the budget range of Rs 70 lakh to Rs 1 crore andAbove in the current quarter

Raj Nagar Extension, Shalimar Garden Extn-1, SahibabadRs 20-40 Lakh

Crossings Republik, Vaishali, Vasundhara, Neeti Khand1Rs 40-70 Lakh

Indirapuram, Vasundhara, Vaishali, KaushambiRs 70-100 Lakh

Indirapuram, Vaishali, Vasundhara, Surya Nagar Rs 1 Crore & Above

RENT



Indirapuram 1 1 4700 to 6000 1%

Vaishali 2 2 4900 to 6250 2%

Raj Nagar Extension 3 3 2950 to 3550 3%

Crossings Republik 4 4 3350 to 4000 1%

Vasundhara 5 5 4600 to 5650 1%

Govindpuram 6 6 2350 to 3050 -1%

Lal Kuan 7 8 2200 to 2900 11%

Shalimar Garden Extn-1 8 9 3750 to 4650 3%

Kaushambi 9 7 5450 to 7000 3%

Sahibabad 10 - 3600 to 4600 3%

SALE



Indirapuram 1 1 12000 to 15000 -2%

Crossings Republik 2 3 6000 to 8000 0%

Vaishali 3 2 11500 to 14500 -4%

Vasundhara 4 4 9500 to 12000 -7%

Raj Nagar Extension 5 5 7000 to 8500 -3%

Kaushambi 6 6 12500 to 16000 8%

Govindpuram 7 10 7000 to 8500 -10%

Pratap Vihar 8 8 - -

Shalimar Garden Extn-1 9 7 9000 to 11000 3%

Mohan Nagar 10 - 9500 to 12000 10%




There was a key announcement in Noida recently about hike in land allotmentrates and circle rates from August 1, 2014. This will make land costlier. Thequarter was eventful for Noida as several residential projects faced halts onaccount of various construction norm violations.

Circle rates to go up from August 1Land is set to get costlier in Gautam Budh Nagar. Following the hike in land allotmentrates by Noida, Greater Noida and Yamuna Expressway Authorities earlier this month,the UP stamp and registry department is set to increase circle rates in the district. Therevised circle rates will be implemented from August 1, 2014. Officials said the circlerates are set to rise by 15-20 per cent. Last year, the rates were hiked by 20-35 per cent.

n The Times of India, Delhi/NCR

Noida realty facing issues, who is at fault?One after the other, residential projects in Noida are facing halts on account ofviolations of various construction norms. In the past few months, projects of more than40 builders have been put on hold due to the National Green Tribunal (NGT) ruling tostop work on all projects within a 10-km radius of the Okhla Bird Sanctuary. Tworesidential towers of Supertech's Emerald Court in Sector 93A are also under thescanner for flouting building norms. While the authorities take their own time to realisethese discrepancies, the end users are left in the dark.

n Magicbricks.com Bureau

R E A L T Y N E W S


Noida real estate is quite unorganized ascompared to Gurgaon. A regulatory bodywith all clearance powers will definitely boostthe sentiments of the home buyers and alsothe real estate sector of Noida. With economicreforms awaited, Noida realty will also getaffected at the micro level as buyers andinvestors seeking easy home loan optionsand finances will get a way to fullfil theirhome buying dreams.

Manish MehtaMax Gain Real EstateNoida


Someshwar SinghGeneral Manager, VASColliers International

Consultant

Sushant MuttrejaCMDCosmic Group

Q&A

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

Since the new government stepped in, themarket sentiments improved whichmotivated developers to come out withnew launches and offer possession. Thebeginning of the last quarter witnessedcustomers being insecure but after theformation of the government, theinvestments resumed in the newer regionsof NCR, such as Noida Extension andYamuna Expressway picked up.


Since the last quarter was full of ups anddowns, the investors paused but the endusers were buying within their budget.The customers felt that the prices mightrise after the elections so they investedmore than normal. Properties rangingwithin Rs 75 lakh to Rs 1 crore didsignificantly well than the other ranges.


Residential property has always been indemand. The commercial properties alsoshowed a rise in the last five years.

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

The last quarter was damp for projectlaunches as the overall market was slowdue to high inflationary conditions and theelection season. But still severaldevelopers started projects in NoidaExtension and Greater Noida (West). Inthe upcoming months fresh launches willincrease and possession of severalprojects will be seen especially in Noida.

Any new infrastructure project that hadan impact on the real estate market inthe last few months?

The recently included Rapid Metro inGurgaon got the market back on track.The nod for widening of the NH-8 hasalso allowed developers to launch newproperties in the region. Demand isincreasing at a better pace.

Presently, approximately 200 projects with160,000 units are at various stages ofdevelopment in Noida in the price band of Rs 3,000-7,500 per sq ft. The demand wasprimarily from employees working in the IT/ ITeS sector. With the completion ofcommercial projects, demand for up-marketresidential units is also expected to rise.Developers have launched luxury residentialprojects witnessing good absorption levels.


Ghaziabad real estate landscape is undergoing changes. With soon to be revisedcircle rates, property owners in Ghaziabad will have to shell out more money toget their houses registered. In a move to be transparent with home-buyers, GDAhas also decided to upload the list of errant builders on its official website.

Circle rates to go up in GhaziabadFollowing the hike in land allotment rates in Noida, the UP property stamp and registrydepartment is all set to increase circle rates in Ghaziabad. The revised circle rates willbe implemented from August 1, 2014 in Ghaziabad. Arvind Singh Chandel, DIG, stampand registration department said that the new rates will be implemented once theproposal gets approval from the district magistrate of Ghaziabad

n Times of India

Ghaziabad realty details now put online Considering the large number of fraud cases by developers, Ghaziabad DevelopmentAuthority (GDA) has adopted a transparent route to educate investors by uploading alist of errant builders on its official website. This website will mention sealed propertiesas well as those whose layout plans have been cancelled by the Authority. The lists alsoinclude details of those developers who have obtained NOCs from the Authority and firedepartment. GDA chairman, Santosh Yadav, said that the move was taken to curb large-scale cheating and harassment of buyers.

n Times of India To read full story and more news go to www.content.magicbricks.com

The real estate development in Ghaziabadwas slow as several rules and regulationswere impeding the construction of theprojects. Because of this, buyers are gettingchoosy and avoiding investment in the area.Ghaziabad used to drive affordable middle-class buyers but because of delays, the cost isincreasing and repelling buyers to invest here.Single window clearance system will boostthe realty, which is the need of the hour.

Amrik SinghInvestor Guide Infrareal


Consultant

Surabhi AroraAssociate Director,ResearchColliers International

Vikas PundirMD, SKB Group

Q&A

R E A L T Y N E W S

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

With respect to capital values, the city hasnot witnessed much appreciation. It wasbetween 10-15 per cent during thecurrent quarter.


The budget of Rs 40 lakh for 2BHK hasdone well in the last quarter as it wasmost preferred by property buyers.


Residential apartments continued toremain in demand among propertyseekers in this quarter.

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

The maximum launches in the city havebeen noted along the National Highway-24. This corridor is expected to seemaximum launches in the comingmonths as well.

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?

The recent announcement by thedevelopment authority to make NationalHighway 24 from 6-lanes to 8-lanes isgoing to impact the market significantly.Survey for the same is expected to startsoon.

The Faridabad-Noida-Gurgaon corridor(FNG) and the Eastern PeripheralExpressway or the KGP Experessway(Kundli-Ghaziabad-Palwal) is a proposedroad which will bypass Delhi on theeastern side of the city, along with theplanned metro connectivity will play ahuge role in the coming months.

These planned infrastructure projects areexpected to boost the real estate marketof Ghaziabad.

Indirapuram, Vasundhara, Vaishali, Raj NagarExtension and Crossings Republik are keyareas in Ghaziabad. After four quarters ofslump the demand has started picking up.This is primarily due to physical and socialinfrastructure developments. The most activemicro market is Rajnagar Extension havingmore than 15 ongoing. Ghaziabad witnessedan average appreciation of 2.5 per cent in thelast one year.



l At the city level, 77 per cent of thedemand was concentrated forproperties worth above Rs 60 lakh.However, supply for the same wasat 66 per cent, leading to an under-supply of 10 per cent

l Demand and supply was limited tounder 10 per cent for propertiespriced below Rs 40 lakh. Thecategory of Rs 40-60 lakh witnessedmoderate demand and supply withdemand at 16 per cent and supplyleading by 4 per cent

DEMAND - S UPP LY ANALYS I S - No i d aDemand and supply at the city level was concentrated for properties priced above Rs 60 lakh.However, supply in the category still lagged behind demand by 10 per cent. Limited buyer interestand supply was noted for affordable properties priced below Rs 40 lakh.

A mismatch was noted in the demand and supply of different BHK configurations. Supply wasinclined towards 3BHK units with more than 40 per cent availability. However, buyer interest wasseen for 2BHK units. Supply lagged behind the existing demand in the category by 10 per cent.Apartments continued to be the preferred property type witnessing a marginal rise in demand.Supply matched demand for the category.


l Demand for apartments improvedby 5 per cent during the currentquarter as compared to theprevious quarter. Supply alsoinched up marginally. Mismatchwas noted in the plots categorywith demand at 14 per cent andsupply at only 8 per cent

l Demand and supply for residentialhouses matched in the last twoquarters. It was the least preferredand supplied category with only 5 per cent demand and supply


l At the city level, 2BHK units werethe most preferred category withmore than 50 per cent demand.While demand moved up by 5 per cent in the current quarter,supply settled at 40 per cent, almoststable to the previous quarter

l More than 35 per cent demand wasnoted for the 3BHK category.Supply was stable at 42 per cent,leading demand by 6 per cent in thecurrent quarter

50

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

8 6

18 16

4245

31 32

(Jan-Mar 2014)

(Apr-Jun 2014)


DEMAND

50

40

30

20

10

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

above

5Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

5

10 9

21 20

34 3430 32

(Jan-Mar 2014)

(Apr-Jun 2014)

SUPPLY


60

40

20

0

127

4752

3436

75

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)


DEMAND SUPPLY

60

40

20

0

6 6

41 40 41 42

12 12

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)



100

80

60

40

20

0

76

81

7 5

1714

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)


DEMAND

100

80

60

40

20

0

85 87

7 58 8

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)


SUPPLY

Source: M

agicbricks.comS


Source: M

agicbricks.com


More than 80 per cent demand was noted for properties priced above Rs 60 lakh in theNew Developing Sectors of Noida. Supply for these properties did not match the demand.Buyer interest inched up for luxury properties, while supply for the same remained low.

As far as BHK configurations were concerned, supply in the market was inclined towards3 and 4BHK units with both categories recording an over-supply during the currentquarter. However, buyer interest was largely for 2BHK units with more than 55 per centdemand. With 90 per cent demand apartments remained the preferred property type.

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


l Demand and supply remained almost unchanged in most categorieswith minor fluctuations. More than 50 per cent demand was notedfor properties in the Rs 60-100 lakh category. However, supply fellshort of 8 per cent in the current quarter to settle at 45 per cent

l Equal demand of 20 per cent each was noted in the Rs 40-60 lakh andthe Rs 1 crore and Above categories. While supply led demand by 8 per cent in the Rs 40-60 lakh range, a shortfall of 10 cent was notedfor the latter

l Demand and supply for properties priced upto Rs 40 lakh remainedlow. While 7 per cent demand was noted in the current quarter,supply led demand by 10 per cent at 17 per cent

DEMAND & SUPPLY - New Developing Sectors, Noida


l Apartments remained the most preferred and supplied propertytype in the New Developing Sectors of Noida. Both demand (90%)and supply (91%) witnessed a rise of 4 and 7 per cent, respectively

l Sectors 74, 76, 77, 78, 118 and 120 recorded high supply of apartmentsduring the Apr-Jun 2014 quarter while demand was seen in Sectors 70, 117, 120 and 121

l Both demand and supply for plots dropped by 3-4 per cent in thecurrent quarter. While demand settled at 8 per cent supply was at 4 per cent. Negligible demand was noted for residential houses.Supply for the same was at 5 per cent, a drop of 3 per cent from theprevious quarter

BHK wise Analysis

l More than 55 per cent demand was noted for 3BHK units in the NewDeveloping Sectors. A rise of 3 per cent was recorded in demandthis quarter, while supply remained stable at 42 per cent in thecurrent Apr-Jun 2014 quarter

l An over-supply, at 44 per cent, was noted for 3BHK units with supplyleading demand by 8 per cent. Demand witnessed a rise of 2 per centfrom the previous quarter and settled at 36 per cent

l Demand and supply for 1 BHK units remained low with 6 and 8 per cent, respectively. While demand registered a drop of 3 per cent in the current quarter, supply inched up by the same

Q4 Q1

2020

8

52 53

6

2019

Q4 Q1

11 11

27

43

10

45

28

12

Q4 Q1

5653

9

34

6

36

Q4 Q1

4445

43

7 6

42

7

DEMAND SUPPLY


Q4 Q1

8690

Q4 Q1

84918

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

11 8 8

8

6





Along the Noida Greater Noida Expressway almost 80 per cent demand was seen forproperties priced above Rs 60 lakh. Supply was also likewise inclined. Demand and supplyfor luxury properties priced above a crore matched perfectly at 35 per cent.

Larger units (3BHK and 4BHK and Above) saw an over-supply along the Expressway.While a healthy demand was noted for 3BHK units, demand remained low for the 4BHK and Above category. Supply for 2BHK units, the preferred category, fell short ofdemand. Plots witnessed a healthy demand and supply along the Expressway.

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

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above


l Nearly 45 per cent demand was noted in the Rs 60-100 lakh budgetrange. This was a rise of 4 per cent from the previous quarter.Supply in this range settled at 32 per cent, 12 per cent lower thandemand

l The second highest demand was noted for high-end propertiespriced Rs 1 crore and Above at 35 per cent. Supply matched demandwith 34 per cent availability. A rise of 2 per cent was noted fordemand and supply in the category

l Both demand and supply dropped in the budget range of Rs 40-60 lakh. While demand dropped by 4 per cent to settle at 14 per cent, supply dropped marginally to stand at 19 per cent

DEMAND & SUPPLY - Noida-Greater Noida Expressway


l Along the Noida-Greater Noida Expressway both demand andsupply for apartments inched up marginally in the Apr-Jun 2014quarter. As observed in the previous quarter supply of these unitsled demand by 6 per cent

l A healthy demand of 19 per cent was also noted for plots. However,as compared to the previous quarter, demand recorded a drop of 2 per cent in the current quarter, whereas, supply inched up by 1 per cent. Sectors 105 and 150 recorded a healthy supply for plots

l Demand and supply for residential houses dropped marginally thisquarter. Supply at 5 per cent led demand (3%) by 2 per cent in thecurrent Apr-Jun 2014 quarter

BHK wise Analysis

l Demand for 2BHK units moved up by 6 per cent along theexpressway in the Apr-Jun 2014 quarter. However, supply remainedshort of demand by 15 per cent, registering a mismatch

l As far as 3BHK units were concerned, both demand and supply forthese units inched up marginally from the Jan-Mar 2014 quarter.While demand settled at 40 per cent, a rise of 2 per cent from theprevious quarter, supply was at 47 per cent. This was the mostsupplied category in the zone

l Supply for 1 and 4BHK and Above categories remained almostunchanged in the last six months. Demand on the other hand,witnessed a drop of 3-4 per cent in both in the current quarter

Q4 Q1

1418

33

40 44

8

35

Q4 Q1

1920

10

32

32

34

32

10

6

Q4 Q1

41 47

10

38

11 7

406

Q4 Q1

46 47

15

33

16

32

DEMAND SUPPLY

DEMAND SUPPLY


Q4 Q1

75 78

Q4 Q1

83 84 Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

21 19 10 11

7

6

6





In Old Noida, more than 70 per cent supply was towards properties priced above Rs 1 crore. Buyers were also looking for these properties with more than 50 per centdemand. This trend was also noted in the BHK category. An over-supply of more than 30 per cent was observed for larger units (4BHK and Above). However, demand was largelyconcentrated for 2 and 3BHK units with a combined demand of nearly 90 per cent.

A healthy supply of 18-20 per cent was noted for residential houses and plots in Old Noida.However, demand stood at 12 per cent in both the categories.

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


l A significant rise of 10 per cent was seen for premium propertiespriced Rs 1 crore and Above. Demand in the category settled at 57 per cent this quarter. Even though supply dropped by 2 per cent,the category still remained over-supplied by 15 per cent

l Increased demand for premium properties reflected in the drop indemand in other categories. While negligible demand was noted inthe Upto Rs 20 lakh category, a drop of 3-4 per cent was noted for allother categories

l As observed in the previous quarter, supply remained low in allother categories except in the Rs 60-100 lakh category whichregistered a moderate availability of 17 per cent

DEMAND & SUPPLY - Old Noida


l As compared to the previous Jan-Mar 2014 quarter, a significant riseof 8 per cent was noted in the demand for apartments. Whiledemand stood at 76 per cent supply, at 62 per cent, fell drasticallyshort of demand by 14 per cent

l Demand and supply for residential houses and plots was almostuniformly distributed. Both recorded a demand of 12 per cent whilesupply stood at 20 and 18 per cent, respectively

l As compared to the Jan-Mar 2014 quarter, demand for plots droppedby 5 per cent while demand for residential houses recorded a drop of3 per cent. However, supply for both these categories registered arise of 2 per cent in this quarter

BHK wise Analysis

l In Old Noida a considerable mismatch was noted between thedemand and supply of almost all categories. The highest gap wasnoted for the 4BHK and Above category wherein, an over-supply of33 per cent was recorded in the current quarter

l On the other hand, the demand for 2BHK units led supply by 26 per cent. Both demand and supply remained unchanged in thelast six months at 48 and 22 per cent respectively

l Demand for 3BHK units (41%) inched up by 4 per cent in the currentquarter while supply (35%) dropped by 2 per cent. This led to anunder-supply of 6 per cent. This was in contrast to the perfect matchobserved in the previous quarter

Q4 Q1

9

32

29

13

47

7

57

Q4 Q17275

17 17

Q4 Q1

4848

37

741

10

Q4 Q1

37

40

35

38

22 22

DEMAND SUPPLY


Q4 Q1

6876

Q4 Q1

6662

1812

15 20 Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

17 12 16 18





50

40

30

20

10

0<20 20-40 40-70 70-100 100 &

above

2

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

1

20

15

43 42

20 22

15

20

(Jan-Mar 2014)

(Apr-Jun 2014)


DEMAND

50

40

30

20

10

0<20 20-40 40-70 70-100 100 &

above

7

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

8

35 3639

36

11 12

8 9

(Jan-Mar 2014)

(Apr-Jun 2014)

SUPPLY


60

40

20

0

1412

54

57

28 28

4 3

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

1 BHK 2 BHK 3 BHK 4BHK &above

DEMAND SUPPLY

60

40

20

0

12 12

49 48

3335

6 5

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

1 BHK 2 BHK 3 BHK 4BHK &above


l Negligible demand was seen forproperties below Rs 20 lakh withan over-supply of 7 per cent. On the other hand, supply for the Rs 100 lakh and Above category fell short by 11 per cent

l With 42 per cent demand and 36 per cent supply, the Rs 40-70 lakhcategory was the most preferredand supplied budget range. The Rs 20-40 lakh range was alsoequally supplied but led demand by 21 per cent

DEMAND - S UPP LY ANALYS I S - Gha z i a b a dRs 40-70 lakh category was preferred by buyers in Ghaziabad. However, supply fell short of theexisting demand in the category. The market witnessed an over-supply of 28 per cent for affordableproperties priced below Rs 40 lakh.

As far as BHK configurations were concerned, 2BHK units remained the preferred category withnearly 60 per cent demand. It was also the most supplied category in the city. As observed in theprevious quarters, the 3BHK category remained over-supplied in the current quarter as well.Demand for apartments, the preferred property type in the city, moved up considerably in the Apr-Jun 2014 quarter.


l Supply of apartments inGhaziabad remained unchanged at92 per cent in the previous twoquarters. Demand in the categorywitnessed a rise of 7 per cent in thecurrent quarter as compared to theprevious Jan-Mar 2014 quarter

l Demand for plots dropped by 5 per cent as compared to theprevious quarter. Supply remainedunchanged at 7 per cent. Demandand supply for residential housesremained negligible


l Demand for 2BHK units inched upby 3 per cent in the Apr-Jun 2014quarter to settle at 57 per cent.Supply, however, fell short by 9 per cent at 48 per cent

l While demand for 3BHK unitsremained stable at 28 per cent inthe last six months, supply in thecategory inched up by 2 per cent tosettle at 35 per cent. Demand andsupply for 1BHK units wereperfectly matched at 12 per cent


100

80

60

40

20

0

79

86

4 2

17 12

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

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DEMAND

100

80

60

40

20

0

92 92

1 17 7

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

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SUPPLY

Source: M

agicbricks.comS


Source: M

agicbricks.com


CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Alaknanda 14400 to 17950

Anand Niketan 30850 to 41350

Chattarpur 4300 to 5700

Chittaranjan Park 14200 to 18150

Defence Colony 27950 to 36200

Dwarka 7600 to 9800

Dwarka Mor 4300 to 5550

Dwarka Sector-2 8500 to 10300












Dwarka Sector-18B 7700 to 9350




East of Kailash 16800 to 21650

Geetanjali Enclave 19150 to 24550

Greater Kailash 19450 to 25850

Greater Kailash Encl I 17550 to 22300

Greater Kailash Encl II 17900 to 23350

Greater Kailash I 17250 to 22100

Greater Kailash II 18000 to 23200

Green Park 19450 to 25650

Gulmohar Park 25950 to 34450

Hari Nagar 7150 to 9050

Hauz Khas 20250 to 26250

Indraprastha Extension 10800 to 13500

Janakpuri 11700 to 15000

Jangpura Extension 19200 to 25400

Kailash Colony 15850 to 20400

Kalkaji 14150 to 18200

Lajpat Nagar-III 17800 to 23350

Lakshmi Nagar 5900 to 7900

Mahavir Enclave 5000 to 6150

Mahavir Enclave-I 5200 to 6250

Malviya Nagar 10650 to 13800

Mayur Vihar Ph-I 11450 to 14800

Mehrauli 3700 to 4950

Moti Nagar 12950 to 14550

Navjivan Vihar 21450 to 28100

New Friends Colony 20350 to 26750

Pamposh Enclave 20700 to 26350

Panchsheel Enclave 21100 to 27100

Panchshila Park 22400 to 28950

Paryavaran Complex 4750 to 6200

Paschim Vihar 10300 to 13000

Patparganj 10800 to 13500

Pitampura 11350 to 14500

Safdarjang Dev Area 24850 to 31700

Safdarjung Enclave 20700 to 26600

Saket 16800 to 21200

Sarita Vihar 10150 to 12300

Sarvapriya Vihar 20450 to 25650

Sarvodaya Enclave 19050 to 24050

Shahdara 4900 to 6400

Shivalik 15500 to 19450

South Ext-II 18250 to 23900

Uttam Nagar 3850 to 4900

Vasant Kunj 12900 to 16400

Vasant Vihar 28400 to 38650

Vasundhara Enclave 9500 to 11550

Vikaspuri 9100 to 11650

Locality Capital Values (Rs/Sq feet)


DELHI




Ardee City 6900 to 8500

Central Park 2 9300 to 10400

Dlf City Phase I 9150 to 11150

Dlf City Phase II 10100 to 13500

Dlf City Phase IV 11350 to 13450

Dlf City Phase V 12550 to 14100

Dwarka Expressway 4650 to 6100

Golf Course Extension Road 7550 to 9600

Golf Course Road 12050 to 14600

Gurgaon - Faridabad Road 7400 to 9050

MG Road 11000 to 13150

Malibu Town 7800 to 9550

May Field Gardens- Sector-51 7150 to 9050

Nirvana Country 8500 to 10050

Palam Vihar 7300 to 9150

Sector-31 10200 to 13050

Sector-33 7350 to 8550

Sector-37C 4000 to 4950

Sector-37D 4150 to 5000

Sector-43 7900 to 10000

Sector-46 6500 to 8600

Sector-47 8150 to 10500

Sector-48 8600 to 10450

Sector-49 8300 to 10250

Sector-50 8650 to 10600

Sector-51 7550 to 9400

Sector-52 6400 to 8450

Sector-54 10450 to 13600

Sector-56 7050 to 8550

Sector-57 7500 to 9400

Sector-58 10750 to 12150

Sector-60 9300 to 11000

Sector-61 8300 to 8950

Sector-62 8450 to 10100

Sector-66 7600 to 8850

Sector-67 6850 to 8350

Sector-68 4850 to 6450

Sector-69 5700 to 6400

Sector-70 5600 to 6400

Sector-70A 5650 to 6900

Sector-71 5900 to 6450

Sector-72 7200 to 8500

Sector-73 4500 to 5000

Sector-77 4650 to 5150

Sector-78 4850 to 5800

Sector-79 4350 to 5350

Sector-81 5000 to 5750

Sector-82 4700 to 6200

Sector-83 4900 to 5950

Sector-84 4100 to 5000

Sector-85 4400 to 5100

Sector-86 3850 to 4600

Sector-88A 6350 to 6750

Sector-89 4750 to 5500

Sector-90 4100 to 4950

Sector-91 3800 to 4500

Sector-92 3750 to 4850

Sector-102 5300 to 6450

Sector-103 3850 to 4600

Sector-106 5000 to 5850

Sector-107 4650 to 5550

Sector-109 5650 to 6800

Sector-110A 5850 to 6650

Sector-112 5450 to 7250

Sohna 3800 to 4600

Sohna Road 7750 to 9950

South City I 9300 to 12100

Sushant Lok 8800 to 11650



GURGAON

NOTE

Old Gurgaon: Sec-2 to 24 New Gurgaon: Sec-25 to 57 Golf Course Extn : Sec-58 to 67

Sohna Road: Sec-68 to 80 New Developing Sectors: Sec-81 to 95 Dwarka Expressway: Sec-99 to 115





NOIDASector-21 6950 to 8050

Sector-25 7250 to 8850

Sector-28 8250 to 10750

Sector-29 7250 to 8700

Sector-32 7600 to 8850

Sector-34 7450 to 8750

Sector-44 11200 to 13850

Sector-45 5700 to 6500

Sector-46 5100 to 5600

Sector-50 7150 to 8900

Sector-61 7000 to 8100

Sector-62 5750 to 7150

Sector-70 4850 to 5900

Sector-73 2750 to 3550

Sector-74 4750 to 5300

Sector-75 4500 to 5050

Sector-76 4750 to 5300

Sector-77 5200 to 5700

Sector-78 4900 to 5650

Sector-79 4300 to 4750

Sector-82 5850 to 6900

Sector-86 3450 to 3900

Sector-93 6700 to 8700

Sector-93A 6950 to 9150

Sector-93B 7000 to 8250

Sector-100 5700 to 6600

Sector-104 7100 to 8350

Sector-107 5400 to 6500

Sector-108 5100 to 6000

Sector-110 5400 to 6350

Sector-117 4100 to 4800

Sector-118 4000 to 4450

Sector-119 4550 to 5450

Sector-120 4800 to 5650

Sector-121 4450 to 5350

Sector-128 6300 to 8150

Sector-129 4600 to 5100

Sector-131 4750 to 5700

Sector-133 4200 to 4800

Sector-134 4150 to 4700

Sector-135 4250 to 4850

Sector-137 4800 to 5350

Sector-143 4150 to 4750

Sector-143 B 4300 to 4950

Sector-150 4200 to 4900

Sector-151 3200 to 3550

Sector-168 4700 to 5250

GHAZIABADAhinsa Khand-1 5100 to 6350

Ankur Vihar 2650 to 3200

Bhopura 3000 to 3700

Crossings Republik 3350 to 4000

Govindpuram 2350 to 3050

Gyan Khand 1 4200 to 5150

Gyan Khand 2 4150 to 5050

Indirapuram 4700 to 6000

Indraprastha Yojna 2950 to 3250

Kaushambi 5450 to 7000

Lal Kuan 2200 to 2900

Mohan Nagar 4350 to 5150

Neeti Khand 1 4250 to 5250

Niti Khand-Indirapuram 4450 to 5450

Pratap Vihar 3700 to 4550

Raj Nagar Extension 2950 to 3550

Rajendra Nagar 4150 to 4900

Sahibabad 3600 to 4600

Shakti Khand 3 4250 to 5150

Shakti Khand 4 4900 to 5800

Shalimar Garden Extn-1 3750 to 4650

Shalimar Garden Extn-2 3750 to 4550

Surya Nagar 6450 to 8000

Vaishali 4900 to 6250

Vasundhara 4600 to 5650



NOIDA-GHAZIABAD

NOTE

Old Noida: Sec-1 to 43, Sec-49 to 56, Sec-61,62 and 67 New Developing Sectors: Sec-70 to 79 and Sec-111 to 122

Noida Greater Noida Expressway: Sec-44 to 48, Sec-81 to 88, Sec-92 to 110 and Sec-124 to 168



40VOL4, 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




41VOL4, 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%




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

l Content & Research: E Jayashree Kurup,

Dipti Tandon, Subodh Kumar, Rishab Jain,

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

FOREWORDproperty.magicbricks.com/microsite/buy/propindex/images/...FOREWORD Sudhir Pai Business Head, Magicbricks.com PropIndex entered the fourth year of operations. In the first

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