RESIDENTIAL March 2019 MARKETBEATS

12% 41% 53% GROWTH IN UNIT SHARE OF NH4 BYPASS SHARE OF AFFORDABLE LAUNCHES (QoQ) SUBMARKET IN Q1 2019 SEGMENT IN Q1 2019

HIGHLIGHTS RENTAL VALUES AS OF Q1 2019 Average Quoted Rent QoQ YoY Short term Submarket (INR/Month) Change (%) Change (%) outlook Significant rise in new launches High-end segment Launches in Pune for first quarter of 2019 stood at 7,300 units (+12% q-o-q) against Aundh – 75,000 – 130,000 0% 0% 6,500 units launched in Q4 2018. New launches continue to increase on the back of East 55,000 - 140,000 0% 0% improved sales velocity and also due to concessions for affordable housing Nagar Road 70,000 – 140,000 0% 0% announced by the government and lower GST. Of the newly launched apartments, – Boat Club 100,000 – 220,000 0% 0% 41% launches were concentrated in NH4 Bypass submarket in locations like , Road Tathawade, Mamurdi and Hinjewadi. The quarter also saw established national level Mid Segment developers like Adani Realty & Arvind SmartSpaces foray into the Pune real estate Aundh – Baner 17,000 – 32,000 0% 0% NH4 Bypass 11,000 – 18,500 0% 0% market. (North) Momentum continues in affordable housing North – East 12,000 – 20,500 0% 0% Of the total units launched, 53% were under affordable segment while the remaining CAPITAL VALUES AS OF Q1 2019 were under the mid and premium segment. 2 BHKs accounted for a 61% share of the Average Quoted Rate QoQ YoY Short term Submarket total launched units. Developers continue to shrink apartment sizes to keep ticket (INR/sf) Change (%) Change (%) outlook sizes attractive in a largely end-user driven market. As locations like Baner, , High-end segment Koregaon Park Wakad, Tathawade are gradually getting saturated, Gahunje and Mamurdi along NH4 14,000 – 19,000 0% 0% - Boat Club Bypass are coming up as mid segment housing destinations. Aundh-Baner 8,500 – 13,000 0% 0% A Cushman & Wakefield Research Publication Capital values show marginal increase Nagar Road 9,500 – 14,500 0% 0% East 8,500 – 13,000 0% 0% The GST rate cut and concessions for affordable housing proved to be beneficial for Mid segment DATA North-East 3,500 – 6,400 5% 5% INTO an uptick in realty sales & capital values in mid & affordable segment. Select locations ACTION like in North East submarket & Tathawade, Punawale in NH4 Bypass South-East – II 3,750 – 5,500 0% 0% NH4 Bypass 4,000 – 6,300 5% 5% submarket saw marginal increase in capital values during the quarter. (North) www.cushmanwakefield.com PUNE RESIDENTIAL MARKETBEATS MARCH 2019

Rohan Sharma SIGNIFICANT PROJECTS LAUNCHED IN Q1 2019 Director Research Services BUILDING LOCATION DEVELOPER UNITS LAUNCHED RATE**(INR/SF) Tel: +91 124 4695555 [email protected] Atelier Greens Mundhwa Adani Realty 255 14,500 - 15,500 Arvind Elan Arvind SmartSpaces 120 11,000 - 12,000 Rohan Ananta Tathawade Rohan Builders 415 7,000 - 7,500

SIGNIFICANT PROJECTS UNDER CONSTRUCTION IN Q1 2019

BUILDING LOCATION DEVELOPER ESTD. NO. OF UNITS EXPECTED COMPLETION

Godrej 24 Hinjewadi Godrej Properties 815 Q4 2021 SP Infocity - B1 Phursungi Shapoorji Pallonji 112 Q4 2022 F Residences (B5-B8) Wadgaon Sheri Bramha Corp 474 Q2 2019 SIGNIFICANT CONSTRUCTION COMPLETIONS IN Q1 2019

BUILDING LOCATION DEVELOPER ESTD. NO. OF UNITS UNIT SIZE (SF) Siyona - Phase 1 Punawale Pethkar Projects 324 750-950 Gagan Cefiro Undri Gagan Properties 120 400-650 Siddhashila Eela – Phase 1 Punawale Siddhashila Group 320 300-900

Data collated from primary and secondary resources. Estimations are subject to change * Rental and capital values have been depicted only for key submarkets ** Quoted base capital value is on carpet area and also includes other charges like external Development Charges, internal Development Charges, etc. DATA The categorisation for affordable segment is unit size under 90 square meters carpet area and ticket size under INR 4.5 million The categorization for mid segment segment is ticket size between INR 4.5 million to INR 10 million INTO The categorization for high end segment is ticket size above INR 10 million ACTION ^Affordable housing has been defined as units with a carpet area of 60 sq.mt in metros / 90 sq.mt in non-metros and value up to INR 45 lakhs

KEY TO SUBMARKETS High-end Segment A Cushman & Wakefield Koregaon Park-Boat Club: Koregaon Park, Bund Garden Road, Boat Club Road, Mangaldas Road Research Publication Aundh-Baner: Aundh, Baner Nagar Road: , Viman Nagar East: Sopan Baug, Uday Baug, Cushman & Wakefield (NYSE: CWK) is a leading global real estate West: , Model Colony, Prabhat Road, , Bhosale Nagar services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate Mid Segment services firms with approximately 51,000 employees in 400 offices Aundh-Baner: Baner, Baner Road and 70 countries. In 2018, the firm had revenue of $8.2 billion across Kothrud: Kothrud core services of property, facilities and project management, leasing, Nagar Road: Kalyani Nagar, Yerwada, Shashtri Nagar, Viman Nagar, Old Airport Road, Vishrantwadi capital markets, valuation and other services. To learn more, visit North-East: Kharadi, Wagholi, Wadgaon Sheri www.cushmanwakefield.com or follow @CushWake on Twitter. East: Hadapsar, , Mundhwa, Keshavnagar South-East - I: Wanowrie, NIBM Road, Lulla Nagar South-East - II: Undri, Kondhwa, Pisoli www.cushmanwakefield.com NH4 Bypass (North): Balewadi, Mahalunge, Wakad, Hinjewadi, Punawale, Kiwale, Ravet, Tathawade, Bhugaon, , , Sus

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