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We are delighted to share that PropIndex has completed a year!
It has been an eventful year for us, in our quest to support a data-driven decisionmaking approach while investing in the real-estate sector. This anniversary issue isspecial and has lots extra -
l CREDAI has joined hands to make this issue special. Find commentaries fromvarious city units of CREDAI on their interpretation of market performance.
l “User Demand Analytics” has been expanded - find analysis of User Demand atSuburb level; plus we initiate “Top 10 Localities” in each city; and much more.
l We’ve expanded the coverage of localities for Capital Values to 620+.
Despite tight monetary conditions and slow offtake, values of residential propertymaintained a growth of 8-10% across cities. As a result, 9 of the 11 indexed citiesshowed a rise in the property index values. However, the cash-squeezed consumer madeshifts towards the suburbs in search of lifestyle and better deals. While broad priceranges were present at the macro level, only properties that were being actively soughtby buyers were being listed for sale. Rental markets swung to infrastructure beats androse on better transport connectivity.
We’re also happy to let you know that Magicbricks.com continues to consolidate itsmarket leadership position – we continue to gain market share every quarter. Activeclients now number 7000+; the site gets 40 lakh visits per month; and now throws up onaverage 80,000 enquiries per day! As you read this issue, we would have launched a newsection on our site to focus on “New Projects” (www.newprojects.magicbricks.com). Wecontinue to look forward to your support to make these new launches successful!
On our first anniversary, we wish to thank our readers, the developer and agentcommunity; many of whom shared feedback and pushed us to improve ouranalytics/content – and thereby helped to shape PropIndex into what it is today. We’vereceived heart-warming testimonials from Industry Stalwarts, and this continues toencourage us to work harder to make PropIndex even better. We solicit your feedbackfor the current issue - please do write in!
FOREWORD
Sudhir PaiBusiness Head, [email protected]
“The progress of sectors have been aiding the phenomenalgrowth of the Indian economy and are one of the majorcontributors to the emergence of the GDP initiation of thecountry. Now we need benchmark value indicator in thereal estate industry across the country which can guideconsumer and assist developers in analysing city rates andtrends. A shining case study in this parlance is the RealEstate sector of Hyderabad wherein revolutionary reformsin realty bye-laws along with proactive measures like theconcept of FSI, prescription of uniform setbacks for alltypes of use of buildings, density and ground coverage ofplot, permission on height of the building with reference to
plot size and the abutting road width and allowance of liberal multi-level parking havehelped the Hyderabad real estate sector to reach the zenith of the Indian realty boom.Magicbricks PropIndex provides structured and transparent matrix and I am lookingforward to consider these case studies as Benchmark in such reports. We congratulateMagicbricks.com for completing one year for this report and look forward for moreknowledge initiatives and reports from the Group.”
INDUSTRY VIEWPOINT
Lalit Kumar JainPresident, CREDAI National &Chairman, Kumar Urban Development Ltd. (KUL)
The market is mature and there is no speculation at thispoint of time. We expect that in the coming times, this willcontinue as the demand and supply ratio will remainbalanced. The investors are aware that the appreciation isa gradual process and properties will appreciate at a goodrate provided one can hold the investment for 2 to 3 years.Your magazine is a well produced, interesting andinformative package that makes it a delightful read. Thepresentation of the magazine is very attractive andcolourful, making it easy to go through. The articles aremostly supported by researched facts and figures, with thedifferent sections well thought-out and these should prove tobe popular among professionals from all walks of business and marketing.
Navin RahejaPresident, NAREDCO &
CMD, Raheja Developers
CREDAI NATIONAL PRESIDENT
NAREDCO PRESIDENT
MagicBricksPropIndexMagicBricks.comPropIndex is a tool whichempowers propertyseekers and investors withdetailed information onthe movement ofresidential apartmentprices and supply ofproperties in India. Nocredible property indexcan be a function of directvalues as the changes aregoverned by multiplefactors.
MagicBricks.comPropIndex has taken thisreality into account andproduced an index basedon listing of apartmentsand their capital andrental values on thewebsite.
MagicBricks.com has over 4 lakh active propertiesposted by more than1,00,000 active users in 300cities and 3,500 localities.Our users include owners,agents and developers.
MethodologyApartment values andlistings on the basis of theMagicBricks.comPropIndex. These includemultistorey apartmentsand single units on plotteddevelopments, referred toas builder floors onMagicBricks.com.
The Index is structured in
such a way that individualproperties are aggregatedinto respective cities andthen to the National Index.Weightages for PropIndexare based on the supply ofproperties within thelocality/city. Based on thisstructure, PropIndex givesa realistic picture oftrends in price/supplyacross different propertymarkets in each city. Wehave used differentweightages for PriceMonitor/Rent Monitor.Therefore, read as a whole,PropIndex along withtables provided for PriceMonitor, Rent Monitor,Yield Monitor and CapitalValues. PropIndex gives anexcellent perspective ofthe property marketperformance in thequarter.
While listing and itsvalues/supply provide alevel of understandinginto the market, there aremeticulous data checks toprevent aberrationscreeping into the Index.These are based onstatistical calculations andlogical interpretations.
The National PropertyIndex (NPI) is indicative ofthe extent of activity aswell as price movementsacross cities and localitiesin the major cities activeon MagicBricks.com. Theindex includes the top 11cities (these have been
chosen based on theiractivity levels) and has anindividual city report foreach of these cities. Whilethe NPI and its movementsare of interest to theexpert community ofbankers, builders andinvestors, the PropIndexhas also taken care toexplain the nuances ofindex movements at thelocality level that wouldhelp the huge base ofMagicBricks.comconsumers.
Insights into consumerdemand have beengathered through analysisof search information onthe site. This helpsunderstand the bestlocalities by demand, thetype and configuration ofunits as well as the budget-wise preferences.
The PropIndex is the resultof meticulous research atthe locality level andthrough detaileddiscussions with experts atMagicBricks.com’s offlineand online initiatives.
The Indian real estatemarket is dynamic and thePropIndex reflects thosechanges. Since it is derivedfrom a dynamic database,additions and deletions oflocalities happen as afunction of marketdynamics.
METHODOLOGY
There is a wealth of information within these pages. For better readability, we have presented somedata as tables and others as graphs. Between them, you will find how property markets haveperformed in the Jan-Mar 2012 quarter from many different perspectives – from that of capitalappreciation, from a rental/yield realization perspective and from the stand of supply of properties.Also understand what consumers want in the Demand Analysis section.
We recommend that you evaluate the city report in its entirety and that will provide a roundedperspective of the performance of the property market within each city. Here are details of whatyou will find in each of the city reports enclosed within -
1. City Property Index - This is a composite index which is a function of supply of properties aswell as the average capital appreciation/drop in various localities of the city in the quarter. Thecity index is the weighted average of the average rate per square foot in that locality and thesupply of properties from that locality. Premium localities (with higher average rate per squarefoot) as well as localities with higher supply of properties will have a bigger impact on theIndex. For example, if the supply of properties from a premium locality drops, that locality willend up having a lower weightage in the index which in turn will push the Index downwards(and vice-versa). On the other hand, supply of properties remaining unchanged, the index willbe influenced by capital appreciation within the locality.
2. Price Monitor - This reflects the capital appreciation/drop within a locality. It is calculated onthe basis of movement in the “average rate per square foot” within that locality. By and large, the movement in the “average rate per square foot” reflects capital appreciation/drops. However, in a few select cases, we have observed that the average rate per square footmoves due to a change in the mix of apartments within that locality (e.g. if the ratio ofpremium apartments, which command a higher per square foot rate, changes over the quarter).In these few circumstances, the Price Monitor will, in turn, reflect this input. Such changeshave been explained in the text of the City Reports.
3. Rent Monitor - This reflects the rental appreciation/drop within a locality. It is calculated onthe basis of movement in the “average rent per square foot” within that locality. By and large, the movement in the “average rent per square foot” reflects rentalappreciation/drops. However, in a few selected cases, we have observed that the average rentper square foot moves due to a change in the mix of apartments within that locality (e.g. if theratio of premium apartments, which command a higher per square foot rent, changes over thequarter). In these few circumstances, the Rent Monitor will, in turn, reflect this input. Suchchanges have been explained in the text of the City Reports.
4. Yield Meter - Yield is the annual rate of return earned on property. The Yield Meter depictsthe gross yield percentages across various localities. Gross yield is a ratio of average annualrental value to the average capital value of the property.
5. Capital Value Tables (given in Annexures) - This shows the actual range of prices withinwhich properties were available in each locality in the quarter. Prices are shown in rupees persquare foot basis; these are the prevailing rates for properties in each locality.
6. Demand Analysis - This analysis of consumer demand is based on searches and requirementsthat users have performed on MagicBricks.com. The top localities by demand gives an insightinto consumer peferences. The demand data has been used to arrive at various aspects ofconsumer requirements including Budget-wise analysis, Property type analysis and BHKconfiguration analysis.
GLOSSARY & DEFINITIONS
JAN-MAR 2012
The National Property Index(NPI) went up by over 2% in theJan-Mar 2012 quarter compared toOct-Dec 2011 quarter.
The NPI is a weighted average ofsupply and prices across 11 citiescovered in India.
Out of 11 cities in the ApartmentIndex, 8 cities have seen a rise.These include Delhi, Kolkata,Bangalore, Pune, Ghaziabad,Gurgaon, Hyderabad and Noida.Delhi and Kolkata topped the CityIndex chart by registering 9% and8% increase respectively.Ghaziabad, Bangalore, Gurgaonand Pune witnessed a 4-5% risefollowed by Hyderabad and Noida(1-3%). Ahmedabad showed stableindex values. On the other hand,Mumbai and Chennai witnessed aminimal drop of 1-2%in the Jan-Mar 2012 quarter.
The NPI is a weighted average ofcity indices. Mumbai, Gurgaon,Pune and Bangalore remained themajor contributors to the NPI.
The MagicBricks.com PropIndexis based on dynamic data minedfrom the portal to show the levelsof supply and the type of propertylisted in each locality. These arecleaned with complex algorithmsto remove outliers and arrive atthe index values for locality, cityand national levels. The Index isimpacted by the number and theaverage price of properties ineach locality and the locality’sweightage in the city.
This is based on its contributionto the city’s property databank.The listings on the website are byend users and market players andthe Index is based on a mix ofnewly developing and establishedlocalities.
New and old constructions alsoform part of the listings. Thecomposite index value of a citydraws from the changing indexvalues of different localities.Localities that were more activecompared to others can contributesignificantly to the index values ofthat city.
This Index is reflective of trendsacross multistorey and singlefloor apartments (commonlyknown as builder floors).
n National Property Index(NPI) rose over 2%
n Transport connectivity andaffordability remained topcriteria among consumers
n Majority of consumerdemand exists for propertyworth upto Rs 60 lakh
n Ready-to-move-in andproperty near completionstage are maximum indemand
IN THIS REPORT:
National Property Index...............1Delhi.........................................4Gurgaon....................................9Noida & Ghaziabad................... 15Mumbai....................................22Pune........................................28Ahmedabad..............................33Kolkata...........,........................ 37Chennai....................................42Hyderabad................................47Bangalore.................................52Annexures.................................61
NATIONAL PROPERTY INDEX (NPI)
ANNIVERSARY ISSUE; JAN-MAR, FY 2012-13
JAN-MAR 2012
NATIONAL PROPERTY INDEX
There are certain commonthreads across the city:
l Cities have witnessed migrationof working population toaffordable locations in thesuburbs with good connectivityand availability of propertieswith all new modern lifestylefeatures.
l Cities continued to witnessgood demand for properties inand around commercial centresfor both outright purchase aswell as rentals.
l Improvement in infrastructurefacilities such as roadwidening, opening of newtransport connectivity such asmetro rail and other proposedprojects exhibited positiveimpact on capital as well asrental values.
l Increasing land acquisitioncost, construction cost and tightmonetary policies were some ofthe main deterrents for ahealthy growth in averageproperty prices.
l Increase in values across IT-driven localities in cities suchas Bangalore, Pune, Kolkata,Hyderabad and Chennai forboth, outright purchase andlease.
l Demand for larger unit sizeproperties mainly witnessed inpremium localities in therespective cities.
l Traditional unit size propertiesin the 2 and 3BHK categorycontinued to be the commonman’s choice across all cities.
Inspite of increase in averagecapital values registered in closeto 80% of the localities across the
city, the Ahmedabad Index valueremained stable. This wasprimarily attributed to a drop inlistings in most active areas suchas Vastrapur and Bodakdev. Thiskept the city index values stablein the Jan-Mar 2012 quarter.
The Bangalore Index rose by 4%.The increase in the city index wasprimarily attibuted to averageincrease in property values andspurt in property listings in the
ANNIVERSARY ISSUE; JAN-MAR, FY 2012-132
ANNIVERSARY ISSUE; JAN-MAR, FY 2012-13
localites in East, North and Southzones. Due to ongoing andproposed real estate developments,there was a shift witnessed in theinvestor interest towards thenorthern part of the city. However,active IT-driven localities in theother part of the city continued towitness end-user interest.
The Chennai Index dropped by1%. Small decline in averagecapital values as well as listingspushed the city index downwards.The localities in South zonecontinued to witness maximumactivity, primarily on account ofpresence of IT companies,connectivity and availability oflarge number of options across allprice ranges.
The Delhi Index rose by 9%. Anupward trend in average capitalvalues in close to 90% localities ofthe city pushed the index valuesup. The localities such as Dwarka,Safdarjung Enclave, GreaterKailash I & II, IndraprasthaExtension and Mayur Vihar Phase1 were the major contributors.Asking values remained high inthe anticipation of a reduction inhome loan interest rates.
The Ghaziabad Index rose by 5%.The localities with good metroconnectivity continued to witnesshealthy demand from bothinvestors as well as end-users,resulting in an increase inaverage capital values. Theincrease in weightage of localiteswith affordable options tooimpacted the index positively. Thiscollectively pushed the Indexupwards.
The Gurgaon Index rose by 4%.Over 80% localities showedincrease in average capital valuesacross the city. Sectors along theDwarka Expressway, Golf CourseRoad and availability of propertiesat relatively affordable prices inSectors 80, 81, 83, 84 and 92 werethe major contributors. This tiltedthe Index upwards. Currently, theGurgaon-Dwarka Expressway isunder-construction and thecompletion is expected to further
boost property values along thisstretch.
The Hyderabad Index value roseby 3%. Irrespective of theunsettled Telangana issue andslow growth rate, localities inproximity to IT hubs continued towitness rise in capital values. Theaverage property values remainedup across the city, except in Uppaland Begumpet. The increase inprices was primarily due to highconstruction and raw materialcost, in addition to healthydemand from end-users.
The Kolkata Index value rose by8%. Close to 70% of the localitiesimpacted the city index positively.This led to significant rise in cityindex. Stable demand forproperties in premium localitiesin southern region and localitiesaround Rajarhat and Newtownarea were the major drivers.
The Noida Index value was up by1% in the Jan-Mar 2012 quarter.Residential demand remained upacross the city as emerging areassuch as Sectors 74, 75, 76, 78 andNoida Expressway sectors saw ahealthy rise in values.UnsettledNoida Extension litigation andslow growth rate in new launcheskept the asking values high.
The Pune Index value rose by 4%.There was consistent growth inthe average capital values acrossthe city. Areas such as Hadapsar,Magarpatta, Viman Nagar andBibwewadi were the major thecontributors that pushed the Indexvalue up.
The Mumbai Index witnessed adrop of 2% in values. Factors suchas weak consumer sentiments anddrop in rate of new launches inthe city dragged the Indexdownwards. Across Mumbai,market preference veered towardsaffordable locations, in bothcapital and rental values. Areasthat outpriced itself saw an exit ofconsumers, whether in city centreor suburbs.
TOP YIELD GROSSERS
Rental yield is a factor of the changes inrental values locality-wise vis-a-vis thechanges in capital values. Given beloware the top yield-grossing localities ineach city
Locality Gross yield
Kolkata, EM Bypass 6.14%
Bangalore, Electronic City 5.87%
Hyderabad, Kondapur 4.68%
Chennai, OMR 4.65%
Mumbai, Bandra East 4.27%
Ahmedabad, Vejalpur 3.60%
Ghaziabad, Indirapuram 3.33%
Pune, Viman Nagar 3.32%
Gurgaon, Sushant Lok-I 3.18%
Noida, Sector-50 2.70%
Delhi, Vasundhara Enclave 2.59%
CAPITAL GAINS
The table given below indicates maximum increase in capital values ineach city
Locality % Change
Chennai,Nungambakkam 16%
Gurgaon, Dwarka Expressway 16%
Bangalore, Koramangala 14%
Delhi, Panchsheel Enclave 14%
Noida, Sector-75 13%
Hyderabad, Bowanpalli 13%
Ghaziabad, Indirapuram 12%
Pune, Hadapsar 11%
Mumbai, Virar 11%
Ahmedabad, Gandhinagar 10%
Kolkata, Jadavpur 10%
3
GURGAON9ANNIVERSARY ISSUE; JAN-MAR, FY 2012-13
CITY PROPERTY INDEX
The Gurgaon City Index roseover 4%, almost double thatregistered in the NPI in theJan-Mar 2012 quarter.
The Price Monitor rose by 4%,in line with the city indexduring the quarter. A demandfor ready-to-move-in propertiesand speeding up of roadinfrastructure activities innew developing areas such asDwarka Expressway resultedin a rise in average capitalvalues. This pushed up thePrice Monitor further.
The MagicBricks.com YieldMeter showed a nominal dropin gross yield to 2.04-3.18% inthe Jan-Mar 2012 quarter. Thisis mainly attributed to higherpercentage increase in capitalvalues over rental values.Sushant Lok-I continued to
fetch the highest yield of 3.18%and Sector 47 too continued toexhibit lowest gross yield of2.04% during the Jan-Mar 2012quarter.
PRICE MONITORThe localities that witnessedmaximum increase in capitalvalues from 10-20% in the Jan-Mar2012 quarter were DwarkaExpressway, Golf Course Road,Manesar, Sushant Lok-II, PalamVihar and Sector-92. Marketsources believe that the new areasof Gurgaon have seen a good jumpin prices this quarter. Withimprovement in roadinfrastructure, best amenitiesavailable in townships anddevelopment of malls andentertainment facilities in theneighbourhood, prices willcontinue to rise.
CP Sharma of CP Sharma &Associates said that ready-to-move-in apartments are in hotdemand on Golf Course Road andGolf Course Extension Road. Theprimary buyers looking forprojects here are from Delhi whowant to now live in integratedtownships with in-built facilities.
“Projects on Golf Course Roadand Golf Course Extension Roadare above Rs 2-2.5 crore and offerfeatures like 24x7 power back-up,security, in-house clubs withswimming pool, play area forchildren etc,” Sharma said. These
features and facilities work wellfor people looking for anintegrated township, he added.
Unlike a fall in values in Oct-Decquarter, Dwarka Expresswaywitnessed a sharp rise of 16% inthe Jan-Mar 2012 quarter. PrakulVerma of Aditya Consultantsbelieves that this rise could beattributed to the phenomenal rateat which the road infrastructurehas picked up since privatedeveloper, IndiaBulls Realty hasundertaken the contract todevelop roads on this stretch.
Realtors pointed out thatmaximum investment on DwarkaExpressway has been investor-driven and people are buying hereto book short-term profits.Sharma said that maximumoriginal bookings are happeninghere. The ongoing rates here arewithin reasonable rangecompared to other parts ofGurgaon. Sectors from 81 to 84 arewithin the affordable price range,
QUICKSTATS
n Yield Meter: Yield ranges between2.04% to 3.18%
n Capital Values rose in 83% localities
n Rental Value rose in 71% localities
n PropIndex rose from 119 to 124
n Price Monitor rose from 117 to 122
PROPINDEX - GURGAON
Rank 1 Sohna Road
Rank 2 Sector-56
Rank 3 Golf Course Road
Rank 4 Dlf City Phase V
Rank 5 Nirvana Country
Rank 6 Golf Course Extn Road
Rank 7 Dwarka Expressway
Rank 8 Vatika City
Rank 9 Dlf City Phase IV
Rank 10 Palam Vihar
New
Top ten preferredlocalities- Gurgaon
GURGAON 10ANNIVERSARY ISSUE; JAN-MAR, FY 2012-13
Sharma said.
Sohna Road and Sohna RoadExtension witnessed a marginalrise of 1-2% in values, unlike theprevious quarter when thelocality was a major gainer.Sharma said that it’s mostlyactual users who are moving toSohna Road and most of theapartments here are alreadyoccupied, with 2 and 3BHKapartments seeing maximumdemand.
“Prices will move up on SohnaRoad when more projects areannounced and roadinfrastructure improves,” Sharmaadded. Verma concurred with theview, adding that the primarydrawback that Sohna Road faces isthe interior road development. Headded that although parallelexterior roads are beingconstructed, that will not improvethe present road conditions untilinterior roads are built.
Palam Vihar too witnessed a riseof 12% in values. Its proximity toDelhi, international airport andpresence of IT companies isdriving demand here. Some of themajor software industries here
are IBM, Oracle, TCS, Alcatel andSapient.
Amitabh Jain of MahaviraAssociates said that maximumdemand here has been for 2BHKand 3BHK apartments from end-users, especially the peopleworking in Udyog Vihar andneighbouring corporatecompanies. “This set of end-userslook for amenities, parking andbasic necessities such aswater/electricity before finalisingthe property. Property prices inthe area are reasonable ascompared to property values inDLF Phase 1 and Sushant Lok.That’s why the salaried groupprefer Palam Vihar as theirresidence,” he added.
Very few localities saw a drop incapital values in Gurgaon in theJan-Mar 2012 quarter. Some ofthem are Sushant Lok-III, Sector-31 and Golf Course ExtensionRoad.
Market sources believe that theoutlook looks bright as thedeveloping sectors in Gurgaonwill only see prices going up asthe main demand of buyers is tohave all basic amenities such as
power back-up, water andsewerage management, shoppingarea, club house, children’s playarea, security, power-back up etcwithin one community. Thesefacilities are available to buyers inthe projects offered in Gurgaonand therefore, emerging sectorshere are an ideal choice for them,they pointed out.
RENT MONITOR
Rental values too have seen ahealthy jump of 4-15% acrosslocalities such as NirvanaCountry, Sector-52, South City I,Sector-31, Ardee City, Gurgaon-Faridabad Road, DLF City Phase I,II & III and Golf Course ExtensionRoad.
Aman Yadav of Star Realty WorldPvt Ltd said, “The reason behindincrease in values in NirvanaCountry is that the supply is lessand demand is more. Maximumdemand has been for 2 and 3BHKapartments where rentals can goup to Rs 1 lakh per month.”
4%
Price Monitor indicates 4% increase in the average sale price
P R I C E M O N I T O R
“Consumer demand isa factor of theavailability of units, thehousing loan situationand the overalleconomic scenario. Theresearch done byorganizations such asyours is invaluable inascertaining the levelof consumer demandfor homes. This type ofdata determines theextent to which thespreads and trends inthe various areas areshaping up. “
Kunal BanerjiPresidentM3M Ltd
GURGAONANNIVERSARY ISSUE; JAN-MAR, FY 2012-13
South City I saw an increase of10% in rental values in thequarter. Proximity to HUDA CityCentre and Iffco Chowk metrostations, entertainment amenitiessuch as Kingdom of Dreams,proposed Appu Ghar and LeisureValley are the factors drivingvalues here.
Sectors along Sohna Road such asSector 48 and 49 are alsowitnessing rise in rental valuesdue to the availability of projectswith all facilities, within thetownship as well as in theneighbourhood.
“Maximum demand has been for2BHK apartments. Working
professionals in Gurgaon findthese sectors very convenient asthey fall on the main road on thisstretch,” Mukesh Kumar of ASingh Properties said. This helpsin ensuring good connectivity toworkplaces on Golf Course Roadand Iffco Chowk.
Commenting on the increase inrental value on Golf Course RoadExtension, broker Sharma saidthat it is unlikely that there willbe any drop in values on thisstretch despite the prices being ashigh as Rs 80,000 per month. “Thepeople working in corporates atRs 2 lakh per month have thepaying capacity,” he said.
11
RENT MONITOR
Rent Price Percentage Change
JAN-MAR 2012n Gurgaon city index rose by 4%
n Dwarka Expressway, GolfCourse Road, Palam Vihar,Sector-47 active residentialmarkets in Gurgaon
n 2/3BHK apartments indemand across emergingareas in Gurgaon
n Ready-to-move apartments indemand in Golf Course ExtRoad
Y I E L D M E T E Rn Sushant Lok-1 posted the highest gross
yield. This was mainly on account ofhealthy increase in average capitalvalues in the locality over average rentalvalues
n Properties in Sector 47 continued tofetch lowest gross yield quarter-on-quarter. This was primarliy attributed tohigher growth rate in average capitalvalues over average rental values
“Structured datacertainly helps inmeasuring consumerdemand. Today whenpeople decide to buytheir dream housethey want it at alocation that fits theiridentity, lifestyle andvalues. Sales datahelps in identifying thehot product and itsvelocity and analyzingcurrent delays incompeting projects.”
David WalkerExecutive DirectorSARE Homes
GURGAON 12ANNIVERSARY ISSUE; JAN-MAR, FY 2012-13
Budget Wise AnalysisThe city of Gurgaon had almostnegligible availability ofproperties in less than Rs 30 lakhbudget, whereas demand in thisbudget still exists. In the Sohna
Road area, the demand as well assupply was most in the budget Rs1-2 crore. Property priced at Rs 60lakh to Rs 2 crore constituted themajor chunk of demand andsupply in this area.
In Old Gurgaon, the supply anddemand peaked in different priceranges. Properties priced Rs 2crore and above were in highestsupply whereas demand was mostin Rs 60 lakh to Rs 1 crore. In NewGurgaon and Golf Course Road,consumer demand was in theprice range of Rs 60 lakh andabove. Supply of the propertiespriced at Rs 1 crore and above was
higher than their demand.
Properties along the GurgaonDwarka Expressway saw leastdemand and supply in the lessthan Rs 30 lakh budget range.Demand remained weak in Rs 2crore and above range too.
However, maximum demand wasin the Rs 60 lakh to Rs 1 crorerange. Supply was much less inthe Rs 2 crore and above range.Availability of properties in theRs 60 lakh to Rs 1 crore range washigh. In the New DevelopingSectors of Gurgaon, the supply ofproperty was highest in the rangeof Rs 30-60 lakh while consumerdemand was considerably high inthe Rs 60 lakh to 1 crore range.
Property Type AnalysisGurgaon saw the maximumconsumer demand as well assupply for the multistoreyapartments. The consumerdemand and supply was least for
Budget wise Analysis - Old Gurgaon
70
60
50
40
30
20
10
0<30 30-60 60-100 100-200 200 &
above
7Fig
ures
in p
erce
ntag
e(%
)
Figures in lakh
1
22
10
30
2024
29
17
39
Demand%
Supply%
Budget wise Analysis - New Gurgaon
70
60
50
40
30
20
10
0<30 30-60 60-100 100-200 200 &
above
2
Fig
ures
in p
erce
ntag
e(%
)
Figures in lakh
1
11 6
30
18
3337
24
38
Demand%
Supply%
Budget wise Analysis - Golf Course Road
70
60
50
40
30
20
10
0<30 30-60 60-100 100-200 200 &
above
1
Fig
ures
in p
erce
ntag
e(%
)
Figures in lakh
1
118
2924
31 3028
37
Demand%
Supply%
B U Y E R D E M A N D A N A LY S I S
Budget wise Analysis - Gurgaon Dwarka Expressway
70
60
50
40
30
20
10
0<30 30-60 60-100 100-200 200 &
above
2
Fig
ures
in p
erce
ntag
e(%
)
Figures in lakh
1
3135
4139
1720
85
Demand%
Supply%
Budget wise Analysis - New Developing Sectors
70
60
50
40
30
20
10
0<30 30-60 60-100 100-200 200 &
above
1
Fig
ures
in p
erce
ntag
e(%
)
Figures in lakh
1
39
58
44
27
14 11
2 3
Demand%
Supply%
Budget wise Analysis - Sohna Road
70
60
50
40
30
20
10
0<30 30-60 60-100 100-200 200 &
above
3Fig
ures
in p
erce
ntag
e(%
)
Figures in lakh
1
109
31 30
3946
1713
Demand%
Supply%
“Structured datacertainly helps insaving time andeffort. Once thestructured data wouldbe available to us, itwould certainly helpin speeding up theprocess. On our level,we spread wordamongst brokersbefore launching anyproject so that theyhave the feel andunderstanding of thedemand for suchproject.”
Vikas GuptaJMDEarth InfrastructuresLtd.
GURGAON13ANNIVERSARY ISSUE; JAN-MAR, FY 2012-13
residential houses and villas inthe city. On Sohna Road, thedemand and supply for singlefloor apartments wasconsiderable. In Old Gurgaon, theresidential plots were the most indemand and supply, whereasbuilder floor apartments were
least in demand as well as supply.In New Gurgaon, there was majorconsumer demand and supply formultistorey apartments and therewas considerable demand andsupply for other types ofproperties as well.
Golf Course Extension Road sawmore than 80% of demand and
supply for multistoreyapartments. Dwarka Expresswayhad highest demand formultistorey apartments, whilethere was negligible demand and
supply for residential houses andvillas. There was stable demandand supply for single floorapartments and residential plots.
BHK Configuration AnalysisIn Gurgaon, 3BHK propertieswere highest in consumer demandand supply. Properties of 5BHKwere least in demand and supply,followed by 1BHK.
Over 50% demand and supply wasfor 3BHK units across the city.Properties of 5BHK were least indemand and supply, followed by1BHK units. The 2BHK propertieswere second highest in demandacross the city, except in localitiesin Golf Course Road. There wasnegligible demand and supply for1BHK properties in New Gurgaon,Golf Course Road and NewDeveloping Sectors. A similartrend was witnessed for 5BHK
properties along the Expresswayand New Developing Sectors.
Significant demand and supplywas witnessed for 4BHK unitsacross Golf Course Road, New
Gurgaon and Sohna Road.However, the proportion of supplyof 4BHK units was on the higherside across the city. There wassignificant supply of 1BHK in OldGurgaon and along the DwarkaExpressway, whereas the demandfor the same remained low.
Property wise Analysis Golf Course Extension Road
100
80
60
40
20
0
7 7
8489
4 2 5 2
Demand%
Supply%
Fig
ures
in p
erce
ntag
e(%
)
Single Multistorey Residential Residentialfloor House Plot
Property wise Analysis Dwarka Expressway
100
80
60
40
20
01 5
89
79
1 19
15
Demand%
Supply%F
igur
es in
per
cent
age(
%)
Single Multistorey Residential Residentialfloor House Plot
Property wise Analysis New Gurgaon
100
80
60
40
20
0
1317
58
52
11 9
1922
Demand%
Supply%
Fig
ures
in p
erce
ntag
e(%
)
Single Multistorey Residential Residentialfloor House Plot
Property wise Analysis Old Gurgaon
100
80
60
40
20
0
8 9
32
2217
31
4438
Demand%
Supply%
Fig
ures
in p
erce
ntag
e(%
)
Single Multistorey Residential Residentialfloor House Plot
Property wise Analysis Sohna Road
100
80
60
40
20
0
2219
6571
7 4 6 6
Demand%
Supply%
Fig
ures
in p
erce
ntag
e(%
)
Single Multistorey Residential Residentialfloor House Plot
BHK Configuration - Sohna Road
Figures in percentage (%)
Demand%
Supply%
5 BHK
4 BHK
3 BHK
2 BHK
1 BHK
0 10 20 30 40 50 60 70
22
1417
5966
2314
21
“The availability ofstructured data playsan important roleparticularly in realestate. It helps inunderstanding thecustomer, theirexpectations fromthe product andpaying potential.Structured datacombined withprimary data helps tofind out if theproduct will fly offthe shelf, at whatprice and who willbuy it.”
Anantha RaghuvanshiDirectorDLF Home Developers
GURGAON 14ANNIVERSARY ISSUE; JAN-MAR, FY 2012-13
Note:New Developing Sectors includeSectors from 81 to 95
Old Gurgaon include Sectors 1 toSector 23 & 23A
New Gurgaon include Sectorsfrom 24 to 57
BHK Configuration - Golf Course Road
Figures in percentage (%)
Demand%
Supply%
5 BHK
4 BHK
3 BHK
2 BHK
1 BHK
0 10 20 30 40 50 60 70
36
1828
5752
2213
11
BHK Configuration - Dwarka Expressway
Figures in percentage (%)
Demand%
Supply%
4 BHK
3 BHK
2 BHK
1 BHK
0 10 20 30 40 50 60 70
514
5760
3821
<16
BHK Configuration - New Developing Sectors
Figures in percentage (%)
Demand%
Supply%
5 BHK
4 BHK
3 BHK
2 BHK
1 BHK
0 10 20 30 40 50 60 70
<1<1
111
5553
4335
<1<1
BHK Configuration - Old Gurgaon
Figures in percentage (%)
Demand%
Supply%
5 BHK
4 BHK
3 BHK
2 BHK
1 BHK
0 10 20 30 40 50 60 70
<13
16
5252
4427
211
BHK Configuration - New Gurgaon
Figures in percentage (%)
Demand%
Supply%
5 BHK
4 BHK
3 BHK
2 BHK
1 BHK
0 10 20 30 40 50 60 70
<15
1423
5957
2614
<1<1
annexuRes
CAPITAL VALUES – LOCALITY WISE
Average Residential Apartment Prices
Dlf City Phase I 6900 to 8950
Dlf City Phase II 10350 to 12200
Dlf City Phase III 10100 to 11750
Dlf City Phase IV 9850 to 10950
Dlf City Phase V 10200 to 12150
Gurgaon-Dwarka Expressway 3500 to 4350
Golf course Extension Road 5950 to 7450
Golf Course Road 10900 to 13100
Gurgaon - Faridabad Road 6050 to 7000
Heritage City 10100 to 11400
IMT Manesar 3150 to 3800
MG Road 10250 to 11800
Manesar 3300 to 4100
NH-8 3650 to 4450
Nirvana Country 6650 to 7650
Palam Vihar 6650 to 7800
Sector 72 6250 to 7350
Sector-102 4450 to 5300
Sector-103 3200 to 3650
Sector-106 3700 to 4400
Sector-109 4000 to 4800
Sector-110 4200 to 4900
Sector-112 3850 to 4700
Sector-15-II 5800 to 7200
Sector-30 9250 to 11600
Sector-31 8950 to 11300
Sector-33 6250 to 6600
Sector-37C 3250 to 3750
Sector-37D 3600 to 4200
Sector-39 5950 to 6800
Sector-43 6600 to 8050
Sector-45 5150 to 6600
Sector-47 6450 to 8100
Sector-48 6450 to 7450
Sector-49 7000 to 8000
Sector-51 5600 to 7000
Sector-52 5600 to 7250
Sector-54 7450 to 10300
Sector-55 5600 to 6550
Sector-56 5600 to 6750
Sector-57 5850 to 6850
Sector-60 7500 to 8600
Sector-62 7050 to 8600
Sector-65 5900 to 7350
Sector-66 5700 to 6750
Sector-67 5050 to 7150
Sector-69 4200 to 4700
Sector-70 4450 to 5200
Sector-70A 5200 to 6100
Sector-71 4450 to 4900
Sector-73 3900 to 4300
Sector-76 3750 to 4150
Sector-77 4150 to 5000
Sector-78 4600 to 6150
Sector-80 4300 to 4550
Sector-81 4100 to 4800
Sector-82 3450 to 4050
Sector-83 3550 to 4250
Sector-84 3400 to 4150
Sector-85 3150 to 3750
Sector-86 2950 to 3300
Sector-89 3800 to 4350
Sector-91 2900 to 3300
Sector-92 2900 to 3500
Sector-95 2650 to 3100
Sohna Road 5950 to 7600
South City I 9550 to 11100
Sushant Lok 7350 to 8750
Sushant Lok-I 7250 to 8550
Locality Capital Values (Rs/Sq feet)
Locality Capital Values (Rs/Sq feet)
GURGAON63ANNIVERSARY ISSUE; JAN-MAR, FY 2012-13
GURGAON
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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