PropIndex | Magicbricks · Note: 1. Size of the bubble depicts demand, measured by volume of property searches in localities in Q4 2019 2. Color of the bubble represents price change

PropIndex | Magicbricks

Residential Market Insights

End-users dominated the market with preference for established localities

Despite piling inventory and unfavoured macroeconomic conditions, Pune has been witnessing consistent priceappreciation over the last five years. With about 8% returns over the previous 5 years, although investors remainedat bay, the market stayed attractive for end-users. The QoQ trend shows a little stagnancy in the price movement,but demand is up, and inventory seems to be slowly wiping away from the market.

The key trend we identified in our data mining process is that the buyers are inclined to buy properties in theestablished residential micro-markets which are close to the IT corridor and upcoming Pune metro corridors. Thebuyers are looking for well-developed social infrastructure, proximity to their workplaces and advantage offorthcoming metro line.

5 YearChange YoY QoQ

-0.6%1.5%8.2%

5 YearChange YoY QoQ

0.2%-0.2%8.5%

"Under constructionprices almost stagnantwith a marginal

increase of 0.2% QoQ,under pressure fromthe unsold supply inperipheral areas"

Pune Q4 2019

Parameters India Pune

Demand+ +4.0% +0.2%Supply++ +1.5% -4.1% Price Index+++ +1.2% -0.6%

"The slow but steadyrise in city prices cameto a halt this quarter,witnessing a marginaldecline of 0.6% QoQ"

Notes: + represents the QoQ change in volume of propertysearches on Magicbricks website in Q4 2019 ++ represents the QoQ change in v volume of activelistings on Magicbricks website in Q4 2019 +++ represents the QoQ change in the weighted averageprice at India and city level..

Key Developers based onactive listings

Kolte-Patil Developers

Marvel Realtors

Rohan Builders

VTP Realty

Godrej Properties

Kolte Patil Developers

Nyati Group

Goel Ganga Developments

Kumar Properties

Pride Purple Group

Key Projects based onconsumer searches

Nanded City Sinhagad Road

Rohan Mithila Viman Nagar

Xrbia Hinjewadi Hinjewadi

Future Towers Amanora Park Town

Amanora Neo Amanora Park Town

Abhiruchi Parisar Sinhagad Road

Hari Ganga Vishrantwadi

Rohan Kritika Sinhagad Road

Life Republic Hinjewadi

Pride World City Charholi Budruk

Price Bracket (INR/sqft)

< 5000 5000-7500 7500-10000 > 10000

RM UC RM UC RM UC RM UC

-1.6%-1.1%

1.6%

-0.5% -0.4%

0.4%

-3.9%

-2.2%

QoQ changes in various price segments

Market Dynamics

Ready to Move Price Index

Under Construction Price Index

- Localities along the two under-construction metro corridors (PCMC-Swargate and Vanaz-Ramwadi)witnessed positive price movement, andthe same trend is expected to continueas both lines near completion

- IT led commercial development is likelyto remain the prime residential demanddriver in Pune market with middle-classbuyers leading the demand for theresidential segment

- End-users to dominate the market withready to move property preference inestablished localities due to ampleoption available.

"Price decline was mostvisible in the 'above10,000 per sqft'

segment', falling 2.2%and 3.9% respectivelyfor RM and UCsegments "

Key Trends to Watch Out

2014

2015

2016

2017

2018

2019

2020

4,000

5,000

6,000

7,000

8,000

Avg. Price psf

2014

2015

2016

2017

2018

2019

2020

4,000

5,000

6,000

7,000

8,000

Avg. Price psf

City Price Index

Average Price INR psf

Average Price INR psf

Note:The above table represents the top developers by numberof active listings on Magicbricks website in Q4 2019

Source: Magicbricks Research

Note:The above table represents the top projects by consumerpreference on Magicbricks website in Q4 2019

Source: Magicbricks Research

Notes:1. Ready to move price index represents the weighted average price of completed properties listed in the city on Magicbricks website as on Q4 20192. The data represrents price trend for properties in multistorey and builder floors only Source: Magicbricks Research

Notes:1. Under-construction price index represents the weighted average price of under-construction properties listed in the city on Magicbricks website as on Q4 20192. The data represrents price trend for properties in multistorey and builder floors only

Source: Magicbricks Research

Note:Above table represents the price changes for Ready to move (RM) and Under construction (UC) properties on Magicbricks website in Q4 2019 for various price buckets

Source: Magicbricks Research

Page 1© magicbricks.com

1 BHK28%

2 BHK48%

3 BHK20%

Above 3 BHK4%

DEMAND

Demand Supply Analysis Pune Q4 2019

Mid-segment properties most sought after

2BHK most preferred and available configuration in the cityThe middle-class in the driver'sseat

With respect to property prices, the developersin the Pune market have been able to match thesupply in line with the consumer demand,resulting in consistent uptake for the last sevenyears.

"Properties costing less thanINR 7,500 per sqft define thePune residential market, with75% of both demand and supplyconcentrated within this

budget."

- The 'INR 5,000-7,500 per sqft' segment, whichis targeted towards the middle class, formed thehighest proportion of the consumer searches inPune for the quarter, and also witnessedminimal price movement during the period, at atime when prices fell in all other price segments.

- The city's rapid expansion has pushedresidential development in the north and eastdirection near employment hubs.

- Airport Road and Hadapsar micro-markets havewitnessed maximum consumer activity, as thearea emerges as an IT/ITES and office cluster.

- Baner micro-market has witnessed rapiddevelopment due to its proximity to RajivGandhi Infotech Park, availability of developablespace, good social infrastructure, and roadconnectivity

Top Micromarkets by consumersearches

Propensity of demand and supply in terms of searchesand listings by localities

1 BHK18%

2 BHK53%

3 BHK25%

Above 3 BHK4%

SUPPLY

7500-1000017%

5000-750046%

> 100007%

< 500031%

SUPPLY Price buckets in INR per sqft

Top Micromarkets by activelistingsa

7500-1000017%

5000-750041%

> 100008%

< 500034%

DEMAND Price buckets in INR per sqft

Notes:1. Demand represents property searches on Magicbricks website during Q4 2019, segregated by Bedroom, Hall, Kitchen (BHK) configuration2. Supply represents active listings on Magicbricks website during Q4 2019, segregated by BHK configuration

Source: Magicbricks Research

.Notes:1. Demand represents property searches on Magicbricks website during Q4 2019, segregated by price buckets2. Supply represents active listings on Magicbricks website during Q4 2019, segregated by price buckets

Source: Magicbricks Research

Note:1. Above map depicts the key localities of the city, with the size of the bubble depicting demand (consumer preference) /supply (active listings) forproperties in the localities on Magicbricks website in Q4 20192. This is an interactive map available on Magicbricks.com under Propindex section.Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

Source: Magicbricks Research

Note:1. Top micro-markets of the city, ranked by their active listings onMagicbricks in Q4 20192. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.

Source: Magicbricks Research

Note:1. Top micro-markets of the city, ranked by number of searches onMagicbricks in Q4 20192. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.

Source: Magicbricks Research

Talegaon Dabhade

Hinjewadi Phase 1

Chinchwad Gaon

Phursungi

HadapsarBhugaon

Lohgaon

Wagholi

Chikhali

Shivane

Dhayari

Chakan

PashanManjri

Katraj

Moshi

Warje

Undri

Nigdi

Dighi

Sus

© OpenStreetMap contributors

Demand/SupplyDemand

Airport Road 5227 - 13043

Hadapsar 3636 - 9794

Baner 5275 - 9302

Kondhwa-Wanwadi4236 - 10700

Dhayari-Narhe 3590 - 8135

Wakad 5208 - 8932

Pimple Saudagar 5215 - 8159

21

12

43

54

75

36

67

Airport Road 5227 - 13043

Hadapsar 3636 - 9794

Wagholi 3548 - 5480

Baner 5275 - 9302

Wakad 5208 - 8932

Hinjewadi 4042 - 6793

Undri-Pisoli 3710 - 7886

11

22

33

44

55

86

67

Micro-Market Price Range Q4 Rank Q3 Rank

(Price in INR per Sqft)

Micro-Market Price Range Q4 Rank Q3 Rank

Page 2© magicbricks.com

Note:1. Size of the bubble depicts demand, measured by volume of property searches in localities in Q4 20192. Color of the bubble represents price change in Q4 2019, with green color representing price increase and red color price decrease.3. This is an interactive map available on Magicbricks.com under Propindex section.Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

Locality NameAveragePrice

QoQChange

Chakan

Dhankawadi

Dhanori Loheg..

Dhayari

Moshi

Narhe

Phursungi

Shivane

Talegaon Dabh..

Wagholi -7.1%

-2.3%

0.4%

3.9%

-1.2%

-5.5%

-3.8%

-0.2%

3.9%

0.8%

4,607

4,002

3,990

4,769

4,463

4,861

4,959

4,994

4,778

3,601

< INR 5,000 psf INR 5,000-7,500 psf INR 7,500-10,000 psf > INR 10,000 psf

Price Analysis Pune Q4 2019

- The effects of a high level of unsold inventory was felt across the peripheral localities, with prices falling in all cardinal directions.- Areas around the airport such as Viman Nagar, Kalyani Nagar, and Kharadi witnessed decent price increases for the quarter, with supply matching demand inthis region.- The premium segment of the city was the worst affected in the quarter, with all localities in the 'above INR 10,000 per sqft' segment witnessing price declinesof 1% to 7% QoQ

Source: Magicbricks Research

Talegaon Dabhade-2.3%

Phursungi3.9%

Hinjewadi-5.8%

Bhugaon0.2%

Wagholi-7.1%

Chikhali-3.5%

Shivane0.4%

Chakan0.8%

Pimpri4.1%

Manjri1.3%

Katraj-0.6%

Moshi-5.5%

Undri-1.0%

Sus2.2%

© OpenStreetMap contributors

Locality NameAveragePrice

QoQChange

Baner

B.t Kawade Road

Pimple Nilakh

Baner - Pashan LinkRoad

Amanora Park Town

Magarpatta City

Bibwewadi

Viman Nagar

3.9%

-7.0%

-5.9%

-5.0%

4.0%

1.7%

4.1%

3.9%

-3.4%

1.8%

1.2%

3.9%

1.8%

9,725

9,224

9,097

8,828

8,734

8,399

8,301

8,280

8,013

7,787

7,770

7,579

7,556

Locality NameAverage Price

QoQ Change

Kothrud

Sadashiv Peth

Koregaon Park

Sahakar Nagar

Erandwane

Model Colony

Prabhat Road 0.1%

-7.1%

-0.4%

-2.9%

-2.7%

-0.6%

-2.1%

15,665

13,042

12,892

11,438

11,273

10,228

10,004

-7.5% 7.5%

Avg Price Change %ge

Note:1. Above is the list of major localities of the city, with information about their average prices and QoQ price changes in Q4 2019. This is an interactive table available on Magicbricks.com under Propindex section.2. The locality prices are calculated by averaging the prices of all properties in a locality in multi-storey and builder floor segment, after removing the outlier properties that might distort the overall prices.3. The four tables above categorize the localities in various price buckets.4. The color of the numbers represent the price change in Q4 2019, with green color representing price increase, red color price decrease, and grey as neutral. Source: Magicbricks Research

Disclaimer: The data represented above is compiled by MagicBricks from multiple sources. MagicBricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information and does not acceptany liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions.

Q4 2019 Price changes for the city's major localities

Locality NameAverage Price

QoQChange

Akurdi

Ambe Gaon

Ambegaon Budruk

Balewadi

Baner Road

Bavdhan

Bhugaon

Bhumkar Nagar

Charholi Budruk

Chikhali

Chinchwad

Dhanori

Dighi

1.5%

0.8%

-0.2%

4.1%

1.7%

-1.0%

3.9%

-0.3%

2.2%

1.8%

-7.1%

4.1%

-7.0%

4.1%

-2.3%

3.9%

-1.1%

-0.4%

1.9%

-3.7%

1.7%

-6.0%

1.3%

1.5%

-6.6%

-1.4%

4.0%

3.9%

-5.7%

-0.6%

0.0%

-3.5%

-5.8%

-1.0%

-6.3%

3.9%

1.7%

-5.8%

-1.4%

-3.5%

4.1%

4.0%

0.2%

-3.1%

2.1%

4.0%

-2.1%

-7.1%

-2.5%

6,856

7,388

6,554

7,076

6,789

5,050

5,832

6,021

5,883

6,652

5,517

6,791

5,368

6,744

7,050

6,589

6,914

7,171

7,269

6,258

5,777

6,203

5,299

5,799

5,195

5,925

7,058

6,115

5,415

5,509

6,824

5,939

5,640

6,554

6,288

7,172

5,138

5,493

6,676

5,012

5,183

6,161

5,607

6,773

7,322

6,944

5,104

5,392

6,403

For more information and research related queries, please contact:

Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Ankur Upadhyay | Data Manager Prateek Pareek | Assitant [email protected] [email protected] [email protected] [email protected]

Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

-5% -2.5% 0% 2.5% 5%

Page 3© magicbricks.com