Propindex Pune OND2019.Pdf

PropIndex | Magicbricks Pune Q4 2019

Residential Market Insights Market Dynamics End-users dominated the market with preference for established localities Parameters India Pune

Despite piling inventory and unfavoured macroeconomic conditions, Pune has been witnessing consistent price Demand+ +4.0% +0.2% appreciation over the last ﬁve years. With about 8% returns over the previous 5 years, although investors remained Supply++ +1.5% -4.1% at bay, the market stayed attractive for end-users. The QoQ trend shows a little stagnancy in the price movement, Price Index+++ +1.2% -0.6% but demand is up, and inventory seems to be slowly wiping away from the market. Notes: The key trend we identiﬁed in our data mining process is that the buyers are inclined to buy properties in the + represents the QoQ change in volume of property searches on Magicbricks website in Q4 2019 established residential micro-markets which are close to the IT corridor and upcoming Pune metro corridors. The ++ represents the QoQ change in v volume of active buyers are looking for well-developed social infrastructure, proximity to their workplaces and advantage of listings on Magicbricks website in Q4 2019 forthcoming metro line. +++ represents the QoQ change in the weighted average price at India and city level..

Ready to Move Price Index Key Developers based on active listings 8,000 "The slow but steady Kolte-Patil Developers rise in city prices came Marvel Realtors 7,000 to a halt this quarter,

f Rohan Builders s f p s witnessing a marginal e p

VTP Realty c i R r

N 6,000 decline of 0.6% QoQ" P I

. Godrej Properties e g c v i r A Kolte Patil Developers P

g Nyati Group a 5,000 r e

v Goel Ganga Developments A 5 Year Kumar Properties 4,000 Change YoY QoQ

4 5 6 7 8 9 0 Pride Purple Group

1 1 1 1 1 1 2 8.2% 1.5% -0.6% 0 0 0 0 0 0 0

2 2 2 2 2 2 2 Note: Notes: The above table represents the top developers by number 1. Ready to move price index represents the weighted average price of completed properties listed in the city on Magicbricks website as on Q4 2019 of active listings on Magicbricks website in Q4 2019 2. The data represrents price trend for properties in multistorey and builder ﬂoors only Source: Magicbricks Research Source: Magicbricks Research

Under Construction Price Index Key Projects based on "Under construction consumer searches City Price Index prices almost stagnant 8,000 with a marginal Nanded City Sinhagad Road Rohan Mithila Viman Nagar f

s increase of 0.2% QoQ, p 7,000 Hinjewadi R under pressure from Xrbia Hinjewadi N f I

s e p

Future Towers Amanora Park Town c i e the unsold supply in r c i P

r 6,000 Amanora Park Town

e Amanora Neo P

g . peripheral areas" a g r v

e Abhiruchi Parisar Sinhagad Road A v A 5,000 Hari Ganga Vishrantwadi 5 Year Rohan Kritika Sinhagad Road Change YoY QoQ 4,000 Life Republic Hinjewadi 4 5 6 7 8 9 0

1 1 1 1 1 1 2 8.5% -0.2% 0.2%

0 0 0 0 0 0 0 Pride World City Charholi Budruk 2 2 2 2 2 2 2

Notes: Note: 1. Under-construction price index represents the weighted average price of under-construction properties listed in the city on Magicbricks website as on Q4 2019 The above table represents the top projects by consumer 2. The data represrents price trend for properties in multistorey and builder ﬂoors only preference on Magicbricks website in Q4 2019 Source: Magicbricks Research Source: Magicbricks Research

QoQ changes in various price segments Key Trends to Watch Out

Price Bracket (INR/sqft) - Localities along the two under- < 5000 5000-7500 7500-10000 > 10000 construction metro corridors (PCMC- Swargate and Vanaz-Ramwadi) 1.6% "Price decline was most witnessed positive price movement, and the same trend is expected to continue 0.4% visible in the 'above as both lines near completion

10,000 per sqft' - IT led commercial development is likely -0.5% -0.4% segment', falling 2.2% to remain the prime residential demand -1.1% and 3.9% respectively driver in Pune market with middle-class -1.6% buyers leading the demand for the -2.2% for RM and UC residential segment

segments " - End-users to dominate the market with ready to move property preference in -3.9% established localities due to ample RM UC RM UC RM UC RM UC option available. 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

The middle-class in the driver's 2BHK most preferred and available conﬁguration in the city seat DEMAND SUPPLY With respect to property prices, the developers Above 3 BHK Above 3 BHK in the Pune market have been able to match the 1 BHK 4% 4% supply in line with the consumer demand, 1 BHK 18% 3 BHK 3 BHK resulting in consistent uptake for the last seven 28% 20% 25% years.

"Properties costing less than INR 7,500 per sqft define the 2 BHK Pune residential market, with 2 BHK 48% 53% 75% of both demand and supply Notes: concentrated within this 1. Demand represents property searches on Magicbricks website during Q4 2019, segregated by Bedroom, Hall, Kitchen (BHK) configuration 2. Supply represents active listings on Magicbricks website during Q4 2019, segregated by BHK configuration budget." Source: Magicbricks Research

- The 'INR 5,000-7,500 per sqft' segment, which is targeted towards the middle class, formed the (Price in INR per Sqft) highest proportion of the consumer searches in Mid-segment properties most sought after Pune for the quarter, and also witnessed minimal price movement during the period, at a time when prices fell in all other price segments. DEMAND Price buckets in INR per sqft SUPPLY Price buckets in INR per sqft > 10000 > 10000 - The city's rapid expansion has pushed 8% 7% 7500-10000 residential development in the north and east 7500-10000 < 5000 < 5000 17% direction near employment hubs. 17% 34% 31%

- Airport Road and Hadapsar micro-markets have witnessed maximum consumer activity, as the area emerges as an IT/ITES and oﬃce cluster.

- Baner micro-market has witnessed rapid development due to its proximity to Rajiv 5000-7500 5000-7500 Gandhi Infotech Park, availability of developable 41% 46% space, good social infrastructure, and road connectivity . Notes: 1. Demand represents property searches on Magicbricks website during Q4 2019, segregated by price buckets 2. Supply represents active listings on Magicbricks website during Q4 2019, segregated by price buckets

Source: Magicbricks Research

Top Micromarkets by consumer Propensity of demand and supply in terms of searches Demand/Supply Demand searches and listings by localities

Micro-Market Price Range Q4 Rank Q3 Rank Chakan Airport Road 5227 - 13043 1 2

Hadapsar 3636 - 9794 2 1 Talegaon Dabhade Baner 5275 - 9302 3 4 Kondhwa-Wanwadi 4236 - 10700 4 5 Dhayari-Narhe 3590 - 8135 5 7 Wakad 5208 - 8932 6 3 Chikhali Pimple Saudagar 5215 - 8159 7 6 Moshi Nigdi Note: 1. Top micro-markets of the city, ranked by number of searches on Magicbricks in Q4 2019 Chinchwad Gaon 2. Price ranges represent the range of avg locality prices in the Dighi micromarket in INR per sqft. Source: Magicbricks Research Hinjewadi Phase 1 Lohgaon Top Micromarkets by active Wagholi listings Sus aMicro-Market Price Range Q4 Rank Q3 Rank Pashan Manjri Airport Road 5227 - 13043 1 1 Hadapsar 3636 - 9794 2 2 Bhugaon Hadapsar Wagholi 3548 - 5480 3 3 Warje Baner 5275 - 9302 4 4 Phursungi 5 5 Shivane Wakad 5208 - 8932 Undri Hinjewadi 4042 - 6793 6 8 Dhayari Katraj Undri-Pisoli 3710 - 7886 7 6 © OpenStreetMap contributors

Note: Note: 1. Top micro-markets of the city, ranked by their active listings on 1. Above map depicts the key localities of the city, with the size of the bubble depicting demand (consumer preference) /supply (active listings) for Magicbricks in Q4 2019 properties in the localities on Magicbricks website in Q4 2019 2. Price ranges represent the range of avg locality prices in the 2. This is an interactive map available on Magicbricks.com under Propindex section. micromarket in INR per sqft. Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard. Source: Magicbricks Research Source: Magicbricks Research

Q4 2019 Price changes for the city's major localities

Chakan 0.8% Talegaon Dabhade -2.3%

Chikhali -3.5% Moshi -5.5%

Pimpri 4.1%

Hinjewadi -5.8% Wagholi -7.1% Sus 2.2% Manjri 1.3% Bhugaon 0.2% Phursungi Shivane 3.9% 0.4% Undri Katraj -1.0% -0.6% © OpenStreetMap contributors

Note: Avg Price Change %ge 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 in Q4 2019, with green color representing price increase and red color price decrease. -7.5% 7.5% 3. This is an interactive map available on Magicbricks.com under Propindex section. -5% -2.5% 0% 2.5% 5% Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

- 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 in this 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 declines of 1% to 7% QoQ Source: Magicbricks Research

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

Average QoQ Averag QoQ Average QoQ Averag QoQ C Locality Name Locality Name Locality Name Locality Name Price Change e Price Change Price Change e Price hange

Chakan 3,601 0.8% Akurdi 6,403 -2.5% Baner 7,556 1.8% Kothrud 10,004 -2.1% Ambe Gaon 5,392 -7.1% Dhankawadi 4,778 3.9% Ambegaon Budruk 5,104 -2.1% B.t Kawade Road 7,579 3.9% Sadashiv Peth 10,228 -0.6% Dhanori Loheg.. 4,994 -0.2% Balewadi 6,944 4.0% Dhayari 4,959 -3.8% Baner Road 7,322 2.1% Pimple Nilakh 7,770 1.2% Koregaon Park 11,273 -2.7% Moshi 4,861 -5.5% Bavdhan 6,773 -3.1% Baner - Pashan Link 7,787 1.8% Sahakar Nagar 11,438 -2.9% Bhugaon 5,607 0.2% Road Narhe 4,463 -1.2% Bhumkar Nagar 6,161 4.0% Phursungi 4,769 3.9% Amanora Park Town 8,013 -3.4% Erandwane 12,892 -0.4% Charholi Budruk 5,183 4.1% Shivane 3,990 0.4% Chikhali 5,012 -3.5% Magarpatta City 8,280 3.9% Model Colony 13,042 -7.1% Talegaon Dabh.. 4,002 -2.3% Chinchwad 6,676 -1.4% Dhanori 5,493 -5.8% Bibwewadi 8,301 4.1% Wagholi 4,607 -7.1% Prabhat Road 15,665 0.1% Dighi 5,138 1.7% Viman Nagar Note: 8,399 1.7% 1. Above is the list of major localities of the city, with information about their average pric7e,s1 a7nd2 QoQ p3ric.9e %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 in6 m,u2l8ti8-storey- 6an.3d %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. 8,734 4.0% 4. The color of the numbers represent the price change in Q4 2019, with green color repres6e,n5ti5ng4 price- i1nc.0re%ase, red color price decrease, and grey as neutral. Source: Magicbricks Research 5,640 -5.8% For more information and research related queries, please contact: 8,828 -5.0% 5,939 -3.5% Surabhi Arora | Head of Research Devendra Lohmor | Chie6f, 8M24anage0r.0 % Ankur Upadhyay | Data Mana9g,0e9r 7 - 5 P.9r%ateek Pareek | Assitant Manager [email protected] devendra.lohmor@magic5b,r5i0ck9s.co-m0 . 6 % [email protected] [email protected] 5,415 -5.7% 9,224 -7.0% Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard. 6,115 3.9% Disclaimer: The data represented above is compiled by MagicBricks from multiple sources. MagicBricks gives no warranty, express or implied, as to the ac9c,u7ra2c5y, reliabi3lit.9y,% and completeness of any information and does not accept any liability on the information which may or may not be subject to change from time to tim7,e0 d5u8e to Gov4e.r0nm%ental or non Governmental regulations/directions. 5,925 -1.4% © magicbricks.com 5,195 -6.6% Page 3 5,799 1.5% 5,299 1.3% 6,203 -6.0% 5,777 1.7% 6,258 -3.7% 7,269 1.9% 7,171 -0.4% 6,914 -1.1% 6,589 3.9% 7,050 -2.3% 6,744 4.1% 5,368 -7.0% 6,791 4.1% 5,517 -7.1% 6,652 1.8% 5,883 2.2% 6,021 -0.3% 5,832 3.9% 5,050 -1.0% 6,789 1.7% 7,076 4.1% 6,554 -0.2% 7,388 0.8% 6,856 1.5%