FOREWORD

PropIndex entered the fourth year of operations. In the first issue of the series, PropIndex reflected the cautiously positive consumer sentiment with the National Property Index rising by 1 per cent in the Apr-Jun 2014 quarter. The City Index values too, remained even across cities with a marginal 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 greater demand. The 2BHK unit remained the most popular category across cities, reflecting the aspiration of urban dwellers to own a property that would match their lifestyles. The most preferred price range remained Rs 30-50 lakh, where supply was in plenty and the budget was within reach of the middle class, which remained out of the market for a few quarters. Luxury properties, though in greater demand, remained over-supplied as developers across the country chose to build in this category. As more units hit the market, consumers have started choosing locations, budgets and conveniences in this category. Luxury values across cities have been included as a separate annexure. Rental values either dropped or stabilised in the quarter. The percentage growth in rental values was arrested as consumers again started looking for the buy option. Unlike the previous quarter, where rental values rose by 5-10 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 but was not evenly spread across the city. Locations near economic corridors continued to post greater demand. However, unlike the previous quarter, besides IT, the manufacturing sector too, drove demand in select cities such as Chennai. In Mumbai, the commercial hubs of the Bandra-Kurla Complex and even Thane drove demand. The completion of infrastructure projects such as the Santa Cruz-Chembur Link Road and the the Metro Phase-I from Versova to Ghatkopar, which eased connectivity to the commercial hubs, also contributed to change in demand patterns. The Union Budget of 2014-15 presented recently, has addressed the housing market’s concerns in many ways. It has featured budget housing, finance issues, township development road map and development of smart cities as part of the main Budget. While the outcome will take a while, the urban infrastructure and housing provisions are expected to boost sentiment. These are exciting times and change is in the air. Share your views on this report and how we could make PropIndex even better. Write in at [email protected]. Sudhir Pai Business Head, Magicbricks.com NOTES VOL 4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

NATIONAL PROPERTY INDEX (NPI) APR-JUN 2014

n Of the 12 cities 9 showed minor changes in the City Indices, while rental market showed subdued trends in majority of the cities n Properties worth upto Rs 30 lakh recorded a significant drop in demand, whereas, properties worth above Rs 30 lakh, Source: Magicbricks.com across the budget categories, witnessed APR-JUN 2014 Index values. This led to a small a rise rise of 1 per cent in the NPI. In the Apr-Jun 2014 quarter, no n Demand for 2BHK Bangalore, Chennai, Gurgaon, major change was recorded in the units rose by 1-5 per respective City Indices, except Kolkata and Pune noted a small rise of 1 per cent in the City cent across the cities, Delhi, which registered a drop of except Gurgaon 4 per cent. All other Indices Index. On the other hand, Noida, exhibited minus 1 to plus Ghaziabad, Vadodara and 1 per cent change, indicating a Mumbai City Indices remained government has announced a slew slow market. No significant unchanged. Ahmedabad and of measures to infuse fresh life increase was noted in supply, Hyderabad showed a small drop of into the real estae sector. showing a cautious approach. 1 per cent. Of the 12 cities tracked, Pune and Ghaziabad recorded the In this edition of the PropIndex, NPI is a weighted average of lowest number of localities with a we have also included Vadodara supply and values across 11 cities drop in the average capital values. as an independent city. The in India. Average capital values residential market of Vadodara across cities showed a range The new government has laid remained stable, with maximum bound movement. On the other special emphasis on the real development in and around the hand, unlike the previous quarter, estate sector in the Union growth corridors such as Old average rental values exhibited a Budget 2014-15. Padara Road, Sama Savli Road, drop. This resulted in a marginal With the modified version of Real Waghodia Road and Gotri Road. rise or stable rental values in the Estate Investment Trusts (REITs), last six months. the development of IN THIS REPORT: Lack of policy favourable for the 100 Smart Cities, reducing the size National Property Index...... 1 and capital requirements of real estate and no reduction in the Kolkata...... 4 home loan interest rates after the projects eligible for FDI, formation of the new government launching affordable housing Annexures...... 13 also impacted sentiments, schemes to proposing additional Luxury...... 14 contributing to the stable City tax incentives on home loan, the propindex.magicbricks.com 02 VOL4, ISSUE 1; APR-JUN, FY 2014-15

Unlike the drop of 1 per cent in the Jan-Mar 2014 quarter, the Ghaziabad City Index also remained unchanged. The Listed Price Monitor recorded a drop of 1 per cent. Unlike other parts of the Delhi-NCR, Ghaziabad posted a rise between 1-3 per cent in capital values. Lal Kaun at 11 per cent was an exception. Over 65 per cent of residential localities tracked in the city witnessed a rise in the average capital values. This arrested the fall of the City Index inspite of slow uptake in the residential market. The Mumbai City Index remained unchanged in the Apr-Jun 2014 quarter unlike the Source: Magicbricks.com previous quarter where it NATIONAL PROPERTY INDEX single floor units and drop in the registered a rise of 1 per cent. average capital values by The Listed Price Monitor also l Except Gurgaon, all other cities 1-9 per cent contributed to the remained unaltered against the recorded growing demand of drop in the City Index. Uttam 1-5 per cent for 2BHK units Nagar in West Delhi noted the Preferred Cities - Sale maximum increase in supply, l Properties worth Rs 30-50 lakh Locality Rank followed by Safdarjung Enclave in continued to top the buyer Q1 Q4 South Delhi. Over 80 per cent of preference chart with a Mumbai 1 1 total housing demand was for marginal increase of 1 per cent apartments. With nearly Bangalore 2 2 from the previous quarter 45 per cent demand, 2BHK units Pune 3 3 l Demand for mid-segment continued to be the most preferred Chennai 4 4 properties worth Rs 50-70 lakh BHK category at the city level, Gurgaon 5 8 and premium properties worth followed by 3BHK units with Kolkata 6 6 Rs 1-2 crore rose by 6 per cent 41 per cent demand. New Delhi 7 7 l Supply of premium properties Similar to the previous quarter, Hyderabad 8 5 in 8 of the 12 cities outstripped the Gurgaon City Index rose by Ghaziabad 9 9 demand 1 per cent in the Apr-Jun 2014 quarter as well. The Listed Price Noida 10 10 The Ahmedabad City Index Monitor, on the other hand, Note: Q4 Apr-Jun 2014, Q1 Jan-Mar 2014 again dropped by 1 per cent in the remained stable, unlike the Source: Magicbricks.com Apr-Jun 2014 quarter. This was previous quarter where it Preferred Cities - Rent primarily on account of a drop in recorded a drop of 1 per cent. the capital values by 1-4 per cent No major change was recorded in Locality Rank in large number of localities in average capital values in the Q1 Q4 the city. This kept the City Index current quarter. However, the Mumbai 1 1 value intact. On the supply side, rental market showed a drop, Pune 2 2 no significant change was unlike the previous quarter. registered in the current quarter. Bangalore 3 3 South Bopal showed maximum Similar to the previous quarter, New Delhi 4 4 increase in listings. The Listed the Noida City Index showed no Chennai 5 5 change. Increase in availability of Price Monitor showed a similar Hyderabad 6 6 drop of 1 per cent. residential apartments for sale coupled with an overall stability Gurgaon 7 7 The Delhi City Index registered a in the average capital values Ghaziabad 8 10 maximum drop of 4 per cent arrested the growth of the City Kolkata 9 8 during the Apr-Jun 2014 quarter. Index. This too, kept the Listed Noida 10 9 Increase in availability of Price Monitor unchanged in the Note: Q4 Apr-Jun 2014, Q1 Jan-Mar 2014 properties on sale primarily in the current quarter. Source: Magicbricks.com VOL4, ISSUE 1; APR-JUN, FY 2014-15 03 propindex.magicbricks.com

National - Consumer Budget Preference

30% 25% 25% 21% 20% 17% 18% 15% 12% 10% 5% 5% 1% 0% 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 Source: Magicbricks.com

2 per cent rise it witnessed in the by properties in the budget range TOP YIELD GROSSERS Jan-Mar 2014 quarter. of Rs 20-40 lakh at 25 per cent. Gross yield is a ratio of average annual East and West Pune remained the Post the peace that followed the rental value to the average capital value most preferred residential Telangana decision, Hyderabad of the property. Given below are the top corridors, quarter-over-quarter. seemed to have stabilised. The yield-grossing localities in each city. No significant change was noted in residential property sector was Locality Gross yield the average capital values. The relatively subdued in the increase or drop in values was Apr-Jun 2014 quarter, as compared Bangalore, Sarjapur Road 4.97% registered between minus 4 to to the Jan-Mar 2014 quarter. The Kolkata, Banshdroni 4.78% 6 per cent, with a healthy supply. Hyderabad City Index dropped by Hyderabad, Nallagandla 4.41% This led to a 1 per cent rise in the 1 per cent, primarily attributed to Ahmedabad, Vejalpur 4.20% Pune City Index. stable property prices and infusion Chennai, OMR 3.92% of new inventories at a steady Delhi, Uttam Nagar 3.62% A 1 per cent increase was pace. This arrested the City Index registered in the Kolkata City growth. The Listed Price Monitor Noida, Sector-92 3.42% Index. Inspite of increase in the also dropped by 1 per cent as Mumbai, Parel 3.31% average capital values in majority against a drop of 3 per cent in the Pune, VL Vishrantivadi 3.18% of the localities tracked in the city, previous quarter. Ghaziabad, Indirapuram 3.01% the Listed Price monitor remained Gurgaon, Sushant Lok 2.99%

unchanged. Statistics showed Bangalore City Index rose by S o u r

maximum residential development 1 per cent, in line with the NPI. c CAPITAL GAINS e : in South and East Kolkata, With buyer sentiments in a wait- M a g i followed by North Kolkata. The and-watch mode post elections, the The table given below indicates c b r i c city continued to yield higher Bangalore market has been mostly maximum increase in capital values in k s . c rental returns of over 3 per cent, passive, resulting in little change each city. o m owing to lower base price of in property values in the current Locality % Change property and healthy rental values quarter. There was no change in in comparison to other the Listed Price Monitor. However, Ghaziabad, Lal Kuan 11.36% metropolitan cities. the rental market was subdued in Bangalore, Sahakar Nagar 10.27% the current quarter unlike the Hyderabad, Begumpet 9.20% Similar to the previous quarter, previous quarter. the Chennai City Index continued Kolkata, Narendrapur 8.46% to rise. It rose by 1 per cent yet The Vadodara City Index value Mumbai, Mulund West 7.66% again in the Apr-Jun 2014 quarter. remained unchanged during the The Listed Price Monitor reported Apr-Jun 2014 quarter. Drop in the Ahmedabad, Ghatlodia 7.46% a drop of 2 per cent in the current average capital values in areas Chennai, Anna Nagar West 6.69% quarter against a rise of 4 per cent witnessing maximum development Pune, Kalyani Nagar 5.85% in the Jan-Mar 2014 quarter. arrested the growth of the City Residential properties worth Index. This resulted in the City Noida, Sector-93A 4.75% Rs 40-60 lakh remained the most Index value remaining unchanged Delhi, Kalkaji 3.31% preferred budget category, followed in the current quarter. Gurgaon, Sector-67 2.08% KOLKATA propindex.magicbricks.com 04 VOL4, ISSUE 1; APR-JUN, FY 2014-15

PROPINDEX - KOLKATA Editorial

Anshuman Magazine, CMD CBRE South Asia Pvt Ltd Housing demand remained largely inactive across most micro-markets of Kolkata, amid a gradually improving economy and steep interest rates. Source: Magicbricks.com Home buyer sentiments continued to remain cautious, with preferences The City Index in Kolkata rose by 1 per cent during the quarter shifting to peripheral and emerging of Apr-Jun 2014 as compared to the 2 per cent rise witnessed in areas of the city. Consequently, the Jan-Mar 2014 quarter. The Listed Price Monitor remained Kolkata’s City Index experienced a negligible 1 per cent rise in the second stable in this quarter as against the 2 per cent rise witnessed in quarter of 2014 over the previous the previous quarter. quarter, registering a 16 per cent rise over the same period last year. Property yields maintained a status- Key Takeaways quo. The highest yield of 5 per cent was noted in the Bansdroni market, l Tracked localities exhibited position. This showed consistent closely followed by Garia (over 4%) almost stable supply trends in demand in these areas and Rajarhat (4%), while Price Anwar the Apr-Jun 2014 quarter. On the Shah Road saw the lowest yield other hand, average capital l Demand for residential property (2.8%). across budget ranges remained values showed a rise in majority As per Kolkata’s Listed Price Monitor, of the localities. This kept the the same in the last six months. the Narendrapur micro-market City Index up by 1 per cent Except in West Kolkata, supply witnessed the highest capital value too remained the same, with a rise of over 8 per cent, while New l Maximum activity in residential marginal increase or drop of Alipur saw the steepest q-o-q fall of development was recorded in 1-3 per cent about 6 per cent. South and East Kolkata, The sub-markets of New Town and followed by the Northern part of l Other than East Kolkata, all other regions recorded Jadavpur also witnessed stable rental the city values, along with Kestopur along the maximum demand for Kazi Nazrul Islam Avenue. The highest l Over 90 per cent of the localities residential properties within q-o-q rental price rise was noticed in tracked in the city recorded Rs 20-40 lakh. North Kolkata Garia and Jodhpur Park. positive trends with rise in topped the demand chart with Housing demand is likely to remain prices between 1-8 per cent in 62 per cent slow. Home buyers demand is more the current quarter l In West Kolkata, residential likely to be concentrated in the affordable and mid segment l Kolkata market continued to plots continued to be the most categories, while investors are likely yield high rental returns on sought after with 40-45 per cent to focus on cost-effective peripheral investment, owing to lower base demand. All other regions noted locations. price of property and healthy over 80 per cent demand for rental values in comparison to apartments The Kolkata housing market is expected to witness an uptake in new other metropolitan cities. project launches over the forthcoming Majority of the localities in the l Demand for 2BHK units continued to outstrip supply quarter. The peripheral markets of city yielded over 3 per cent New Town and Rajarhat will continue rental returns, the highest quarter-over-quarter. The to remain priority destinations, owing among other cities inverse trend was recorded for to their proximity to major IT/ITeS hubs 3BHK units at the city level such as SectorV, Salt Lake, ongoing l The list of the top ten localities infrastructure development, such as for rent and sale observed that l Less than 10 per cent demand the expansion of the Rajarhat 50 per cent of these continued to was recorded for 1BHK units. Expressway, the Mass Rapid Transit hold their previous quarter However, supply remained System (MRTS) and the Tata SEZ. subdued in the current quarter VOL4, ISSUE 1; APR-JUN, FY 2014-15 05 propindex.magicbricks.com KOLKATA

LISTED PRICE MONITOR RENT MONITOR

0%

Source: Magicbricks.com Source: Magicbricks.com l By and large the capital market in Kolkata remained l As opposed to the capital market, the rental market positive during the Apr-Jun 2014 quarter, posting displayed negative trends. More than 75 per cent of increased values in most of the localities tracked the localities tracked recorded a drop in rental values this quarter l Rise in values varied from 1-8 per cent across different localities. Narendrapur recorded the l As compared to the increased rental values highest rise in values this quarter witnessed in certain localities, values stabilised this quarter. This led to a drop of 2-8 per cent in the l Other localities that recorded a steady rise of rental values. These included localities such as 3-4 per cent this quarter included Rajarhat, Kasba East, EM Bypass, Ballygunge and Dum Dum Southern Avenue and Garia l Localities such as Southern Avenue and Baguiati, l The highest drop in capital values was noted in New which had witnessed a drop in rental values in the Alipore with values dropping by 6 per cent. Other Jan-Mar 2014 quarter, continued to witness a localities that recorded a drop of 1 -3 per cent in downward graph. Values dropped by 5-6 per cent in values were BT Road and Jodhpur the Apr-Jun 2014 quarter

YIELD METER

Locality Average Rental Average Capital Gross Value (Rs/sqft/mth) Value (Rs/sqft) Yield EM Bypass 18.25 6,000 3.65% Rajarhat 12.00 3,550 4.06% Tollygunge 16.25 4,300 4.53% Prince Anwar Shah Road 25.75 10,725 2.88% Garia 12.25 3,525 4.17% VIP Road 12.50 3,950 3.80% New Town Action Area 1 13.75 5,225 3.16% Banshdroni 12.75 3,200 4.78% Ballygunge 25.25 9,900 3.06% Source: Magicbricks.com Narendrapur 11.25 3,525 3.83%

l The Magicbricks Yield Meter clocked returns in Bansdroni, Rajarhat and Garia which clocked the range of 2.88-4.78 per cent in the Apr-Jun 2014 rental returns in the range of 4.06-4.78 per cent quarter as compared to the 2.92-4.67 per cent recorded in the previous quarter l Bansdroni recorded the highest yield in the Apr-Jun 2014 quarter l Inspite of the dropping rental values, healthy rental returns of more than 4 per cent was noted l Prince Anwar Shah Road recorded the lowest in certain localities. These included Tollygunge, rental yield in the current quarter at 2.88 per cent KOLKATA propindex.magicbricks.com 06 VOL4, ISSUE 1; APR-JUN, FY 2014-15

PREFERRED LOCALITIES

SALE RENT

Locality Rank Capital %age Locality Rank Capital %age Q1 Q4 Values change Q1 Q4 Values change Rajarhat 1 1 3200 to 4200 4% Salt Lake 1 1 14500 to 18500 -3% Garia 2 3 3200 to 4100 3% New Town 2 2 12000 to 16000 -4% New Town 3 2 4300 to 5500 1% Kestopur 3 3 10000 to 12000 0% Behala 4 4 3350 to 4300 1% Rajarhat 4 4 11000 to 14000 -8% New Town Action Area-1 5 5 4800 to 6000 0% Behala 5 8 11000 to 14000 0% Salt Lake 6 6 5550 to 7150 0% Dum Dum 6 5 10000 to 12500 -2% Dum Dum 7 8 3200 to 4050 2% Garia 7 7 11000 to 14500 4% Baguiati 8 7 2900 to 3650 2% Tollygunge 8 9 14500 to 19500 -10% Kestopur 9 9 2950 to 3500 0% Jadavpur 9 10 12500 to 17000 -7% Jadavpur 10 4050 to 5350 1% Ballygunge 10 - 22500 to 30000 -6% Note: Q1 Apr-Jun 2014, Q4 Jan-Mar 2014 Note: Q1 Apr-Jun 2014, Q4 Jan-Mar 2014 l Eastern localities continued to rein the list of the l The top four positions on the list of the most top ten localities for sale. As observed in the preferred localities on rent remained unchanged previous quarter, Rajarhat topped the chart in this since the Jan-Mar 2014 quarter quarter also l Salt Lake continued to be the preferred rental l Garia and Dum Dum moved up a spot each on the location second time in a row. The locality witnessed list to settle at the second and seventh positions, a drop of 3 per cent in rental values this quarter respectively. Both localities offered properties in the range of Rs 3,200-4,000 per sq ft l Salt Lake, New Town, Kestopur, Rajarhat occupied the top four slots on the list this quarter. All these l Behala, New Town Action Area , Salt Lake and localities except Kestopur recorded a drop of Kestopur retained their positions on the chart at the 3-8 per cent in rental values the current quarter fourth, fifth, sixth and ninth spots, respectively l Behala jumped up three positions to settle at l All localities that retained their spots on the chart number five. Rental values in the locality remained witnessed almost stable values in the last three stable since the Jan-Mar 2014 quarter months except Rajarhat, which recorded a rise of 4 per cent l Both Tollygunge and Jadavpur moved up two spots to settle at the eight and the ninth positions, l New Town and Baguiati dropped two positions on respectively. Both localities witnessed a drop of 7-10 the list to settle at the third and eighth spots per cent in rental values over the last three months l Jadavpur was a new entrant in the list this quarter. l Ballygunge, at the tenth spot, was a new entrant in It settled at the tenth position the list this quarter

l High supply of properties Home in your Budget priced below Rs 40 lakh was seen in Garia Upto Rs 20 Lakh Barasat, Garia, Baruipur, New Town, Thakurpukur, Joka l Properties worth Rs 20-60 lakh were largely available in Rs 20-40 Lakh Rajarhat, Garia, Behala, Kestopur, Baguiati, Nayabad Behala, Rajarhat and Baguiati

l New Town offered properties in Rs 40-60 Lakh Rajarhat, Behala, Madurdaha, Tollygunje, Baguiati the budget ranges of Rs 60-100 lakh and Rs 1 crore Rs 60-100 Lakh New Town, New Town Action Area 3, Tollygunje and above. Luxury properties priced above a crore were noted in Prince Anwar Shah Road, Rs 1 Crore & Above EM Bypass, Prince Anwar Shah Road, Salt Lake Salt Lake and Ballygunge Source: Magicbricks.com VOL4, ISSUE 1; APR-JUN, FY 2014-15 07 propindex.magicbricks.com KOLKATA

EXPERT SPEAK Q&A Broker One development that is expected to drive the real estate sector in Kolkata is the launch of affordable housing projects. There is substantial demand from users for property

Naveet Baheti within Rs 20-30 lakh. In the past there was Managing Director 4 Walls limited supply in this segment, leading to a demand-supply mismatch. Within the coming 12 months, many new affordable housing Shishir Gupta, MD, Realtech Nirman projects are coming up, which would lead to How has the city performed in the last quarter? Why? increased closures and business in the sector. Kolkata market has seen a good response during the last quarter, particularly in the Special Economic Consultant Zone (SEZ) area. Capital values near New Town have increased but not Sluggish sales were observed in premium much. We are hopeful of seeing growth projects located on EM Bypass area. Marginal in the residential market in the future. increase in demand was observed for Which budget ranges have done well in the last quarter? Why? premium projects costing above Rs 3 crore in Consumers’ budget has decreased Swapan Dutta Alipore, New Alipore & Ballygunge Circular drastically over the past few years. Senior Associate Rs 25-30 lakh for a 2BHK is what is in Director, Office Services Road. This demand is driven by end-users consumer demand, but properties Colliers International and only 20-25 per cent by investors. As new worth less than Rs 25 lakh is what is preferred by most. infrastructure initiatives are expected by the What type of property is in demand? state government we can expect a revival in Affordable housing covers 90 per cent the demand in the coming quarters. of the sales in the Kolkata residential market. Demand for luxury homes has gone down and it is expected to remain R E A L T Y N E W S like this for at least 1-2 years. Which areas or corridors have seen Actual transactions remained subdued in Kolkata but the city saw robust the maximum launches in the last demand in areas on the Metro route. For home buyers, physical infrastructure quarter? Which areas are expected to see new launches/possession in the and budget remained the main determinants in the last three quarters. coming months? Double taxation for EM Bypass land in Kolkata Areas adjoining New Town have seen Constructing a house in areas off the Eastern Metropolitan Bypass is set to pinch you the maximum launches in the last more. Apart from paying the building sanction fee to the Kolkata Municipal Corporation quarter. Many projects along the (KMC), you will now have to pay a development fee to the Kolkata Metropolitan Rajarhat Road and surrounding areas of Development Authority (KMDA). Earlier, the KMDA used to collect a fee from the land SEZ will see projects offering owners who would obtain a building license from the KMC. This was applicable for possession within the next 3-6 months. those who would build their houses within 500 metre on either side of the EM Bypass. Any new infrastructure project that n The Times of India, Kolkata had an impact on the real estate market in the last few months or is Metro to boost real estate market in Kolkata expected to impact the market in If you have a house to sell in Kolkata, you should have a saleable house and an ideal coming months? location that is well-connected. Home buyers are willing to spend more if the physical Unfortunately, there are no initiatives of infrastructure is up-to-date. In Kolkata, it is the metro that decides the connectivity of any infrastructure project as such here, an area. The existing North-South Corridor Metro Line is set to see its progeny in the but we are hopeful that with the coming form of five metro lines that are expected to get operational in a few years. However, of a big campuses and Informationa speculations about the real estate boost it may bring have already set the real estate Technology (IT) improvements, which market swinging steadily. will have over 18,000 employees n Magicbricks.com Bureau working in SEZ, the budget houses or flats will sell more. To read full story and more news go to www.content.magicbricks.com KOLKATA propindex.magicbricks.com 08 VOL4, ISSUE 1; APR-JUN, FY 2014-15

DEMAND - SUPPLY ANALYSIS An over-supply was noted for larger properties at the city level. At 44 per cent, the supply of 3BHK units led demand by 10 per cent. Units of 2BHK remained the most preferred category with more than 50 per cent demand. Maximum demand and supply was noted for properties in the Rs 20-40 lakh segment with demand leading supply by 10 per cent. Almost uniform supply was noted in the Rs 40-60 lakh, Rs 60-100 lakh and Rs 1 crore and Above categories. An over-supply was noted for affordable properties priced below Rs 20 lakh. Apartments remained the most preferred and supplied property type at the city level with more than 80 per cent buyer interest as well as availability. Budget wise Analysis Budget wise Analysis - City Level l Demand and supply at the city DEMAND SUPPLY level has remained almost stable in (Jan-Mar 2014) (Jan-Mar 2014) the last six months. The highest 50 (Apr-Jun 2014) 50 (Apr-Jun 2014) 45 45 demand was noted for properties in ) )

40 40 S % %

( ( the Rs 20-40 lakh budget range with 35 35 o e e u g g r c a a t t

e 45 per cent buyer interest.

n 30 n 30 :

e e

25 25 M c c r r

a However, supply lagged behind by e e 19 19 g p p i

18 20 20 17 17 17 c n n b

i i 10 per cent at 35 per cent

15 15 r i s s 12 11 c

e 10 10 e k r r s u u 10 10 . c g g i i 5 5 o l The second highest demand was F F m 0 0 noted for properties worth <20 20-40 40-60 60-100 100 & <20 20-40 40-60 60-100 100 & Rs 40-60 lakh at 25 per cent. Supply above above in the category lagged behind by Figures in Rs lakh Figures in Rs lakh 6 per cent in the current quarter

Property wise Analysis Property wise Analysis - City Level l Supply in all categories at the city DEMAND SUPPLY level has remained almost stable in 100 100 the last six months. With (Jan-Mar 2014) (Jan-Mar 2014) 83 88 87 87 per cent availability, apartments 80 (Apr-Jun 2014) (Apr-Jun 2014) ) ) S % 80 % 80

( ( was the most supplied category, o e e u g g r c a a

t t leading demand by 4 per cent e n n :

e e

60 60 M c c r r a e e g p p

i l Demand witnessed some

c n n b i i

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40 40 c movement in the last six months. e e k r r s u u . c g g

i i While demand (83%) for o F F 20 20 m apartments moved up by 3 per cent, 8 6 12 11 78 5 5 a marginal drop of 1-2 per cent was 0 0 Apartment Residential House Residential Plot Apartment Residential House Residential Plot noted for residential houses (6%) and plots (11%)

BHK wise Analysis - City Level BHK Configuration - City Level l At the city level, demand and DEMAND SUPPLY supply remained unchanged in the

60 56 60 last six months across categories. 53 (Jan-Mar 2014) (Jan-Mar 2014) Larger units of 3BHK and 4BHK (Apr-Jun 2014) (Apr-Jun 2014) ) 50 ) 50

% % 44 44 S ( ( 43 43 and Above categories, remained e e o g g u a a r

t t oversupplied in the city in the 40 40 c n n e e e

34 34 :

c c M

r r Apr-Jun 2014 quarter e e a p p g

30 30 i n n c i i

b s s r l At 56 per cent demand, 2BHK units i e e c r r k

u 20 u 20 s g g . i i were the preferred category. c F F 10 o 9 m 10 8 10 9 Matching supply of 44 per cent was 4 4 2 3 noted for 2 and 3BHK units in the 0 0 1BHK 2BHK 3BHK 4BHK & 1BHK 2BHK 3BHK 4BHK & present quarter. This trend was above above visible in the last quarter as well VOL4, ISSUE 1; APR-JUN, FY 2014-15 09 propindex.magicbricks.com KOLKATA

DEMAND & SUPPLY - South Kolkata

Demand and supply in different budget categories remained almost stable in the last six months. The Rs 20-40 lakh category witnessed the maximum demand as well as supply. Premium properties were over-supplied in the zone. Buyer preference for 2BHK units inched up by 5 per cent in the last three months making it the most preferred category. An over-supply was noted for large units (3BHK and 4BHK and Above), as in the previous quarter. Apartments remained the preferred property type in the zone with 85 per cent demand in the Apr-Jun 2014 quarter.

Budget wise Analysis Budget wise Analysis

l The highest demand was noted in the Rs 20-40 lakh category with Q4 Q1 Q4 Q1 more than 40 per cent buyer interest in the current quarter. 13 13 23 22 Q4 (Jan-Mar 2014) However, supply fell short by 10 per cent at 31 per cent. Supply Q1 (Apr-Jun 2014) 15 15 remained stable in the last six months 16 16 Rs <20 lakh 26 26 21 22 Rs 20-40 lakh l Second highest demand was noted for properties priced Rs 40-60 lakh. More than 25 per cent buyer interest was noted in the 41 41 Rs 40-60 lakh 30 31 segment while supply fell short by 4 per cent in the current quarter Rs 60 lakh-1 crore

Rs1 crore and above l An over-supply of 9 per cent was registered for properties priced 10 9 above Rs 1 crore. While demand was 13 per cent, supply stood at DEMAND SUPPLY 22 per cent. Demand matched supply in the Rs 60-100 lakh category, Source: Magicbricks.com as observed in the previous quarter

Property wise Analysis Property wise Analysis

l Both demand and supply for apartments in South Kolkata inched up Q4 Q1 Q4 Q1 by 3 per cent in the Apr-Jun 2014 quarter. While demand touched 11 10 8 6 85 per cent supply was almost 90 per cent 8 6 6 81 84 86 89 Q4 (Jan-Mar 2014) Q1 (Apr-Jun 2014) l Demand for plots reported a slight drop of 1 per cent in the current Apartment quarter while supply dropped by 2 per cent to settle at 6 per cent. Demand in the category was at 10 per cent Residential house

Residential plot l As observed in the Jan-Mar 2014 quarter, residential houses witnessed the lowest buyer demand in the current quarter too. Demand dropped by 2 per cent in the quarter to settle at 6 per cent. Supply kept pace with demand at 5 per cent DEMAND SUPPLY Source: Magicbricks.com

BHK wise Analysis BHK wise Analysis

l Demand for 2BHK units, the most preferred category in South Q4 Q1 Q4 Q1 Kolkata, went up by 5 per cent in the current quarter. While demand 12 10 34 33 settled at 58 per cent, supply in the category also moved up by 44 44 Q4 (Jan-Mar 2014) Q1 (Apr-Jun 2014) 2 per cent to settle at 43 per cent

1 BHK l An over-supply of 11 per cent was noted in the 3BHK category. 53 58 2 BHK Demand (33%) and supply (44%) was stable in the last six months. 41 43 3 BHK l As observed in the Jan-Mar 2014 quarter, an over-supply of 4 BHK & above 8 per cent was recorded for the 4BHK and Above category. While demand was almost negligible at 2 per cent, supply stood at 9 7 DEMAND SUPPLY 10 per cent. This was a drop of 2 per cent from the previous quarter Source: Magicbricks.com KOLKATA propindex.magicbricks.com 10 VOL4, ISSUE 1; APR-JUN, FY 2014-15

DEMAND & SUPPLY - North Kolkata

The highest demand and supply was noted for the Rs 20-40 lakh budget range even though supply in the category fell short of the demand. Interestingly, an over-supply was noted for affordable properties in the budget range of upto Rs 20 lakh. Apartments remained the most preferred category with 85 per cent demand. Supply was also inclined towards these units. The 2BHK category remained the preferred configuration in the zone. Demand inched up marginally in the zone. It was also the most supplied. As observed in the previous quarter, an over-supply was noted for 3BHK units.

Budget wise Analysis Budget wise Analysis

l More than 60 per cent demand was recorded in the Rs 20-40 lakh Q4 Q1 Q4 Q1 range in the Apr-Jun 2014 quarter. However, supply (49%) fell short 6 6 88 9 9 Q4 (Jan-Mar 2014) by 13 per cent. Both demand and supply witnessed a marginal drop 18 19 Q1 (Apr-Jun 2014) 17 16 of 1-2 per cent in the current quarter Rs <20 lakh 63 62 51 49 Rs 20-40 lakh l A significant over-supply of 12 per cent was noted for properties worth below Rs 20 lakh. Supply moved up by 3 per cent to settle at Rs 40-60 lakh 20 per cent while demand lagged behind at 8 per cent Rs 60 lakh-1 crore

20 Rs1 crore and above l Moderate to healthy demand and supply was noted in the 17 Rs 40-60 lakh category. While demand inched up marginally to settle 8 8 DEMAND SUPPLY at 19 per cent, supply dropped by a per cent to settle at 16 per cent in Source: Magicbricks.com the Apr-Jun 2014 quarter

Property wise Analysis Property wise Analysis

l Supply in the zone was largely concentrated for apartments with Q4 Q1 Q4 Q1 90 per cent availability. Even though this was a drop of 3 per cent 6 9 8 from the previous quarter, it still led demand by 5 per cent. Demand 9 7 93 90 82 85 Q4 (Jan-Mar 2014) also inched up by 3 per cent Q1 (Apr-Jun 2014) Apartment l Supply for plots moved up by 3 per cent in the Apr-Jun 2014 quarter to settle at 6 per cent. However, it still fell short of the Residential house demand by 2 per cent Residential plot l Demand for residential houses stood at 7 per cent in the Apr-Jun 2014 quarter as compared to the 9 per cent observed in the

DEMAND SUPPLY previous quarter. Supply for the same remained stable in the last Source: Magicbricks.com six months at 4 per cent

BHK wise Analysis BHK wise Analysis

l A large part of the demand (65%) in North Kolkata was Q4 Q1 Q4 Q1 concentrated in the 2BHK category. Supply was also the highest in 25 6 25 34 36 this category at 53 per cent, though registering a mismatch (12%). Q4 (Jan-Mar 2014) Q1 (Apr-Jun 2014) This was a drop of 2 per cent from the previous quarter 63 65 1 BHK l 55 53 Demand for 3BHK units remained stable in the last six months at 2 BHK 25 per cent. Supply in the category saw a rise of 2 per cent from the 3 BHK Jan-Mar 2014 quarter to settle at 36 per cent

4 BHK & above l Demand and supply for 1BHK units witnessed a downward trend to 10 settle at 9 and 5 per cent respectively. Demand remained almost 9 6 DEMAND SUPPLY negligible for larger units (4BHK and Above) while supply was Source: Magicbricks.com recorded at 6 per cent VOL4, ISSUE 1; APR-JUN, FY 2014-15 11 propindex.magicbricks.com KOLKATA

DEMAND & SUPPLY - West Kolkata

A supply of 60 per cent was noted for properties below Rs 20 lakh. Demand remained low at 21 per cent. The maximum demand was concentrated for the Rs 20-40 lakh category. Both apartments and plots witnessed almost equal demand of nearly 45 per cent. Both categories were almost equally well supplied as well. While apartments were over- supplied, plots witnessed a shortfall of 5 per cent in the current quarter. Both demand and supply moved up considerably for 2BHK units in the current quarter. On the other hand, a significant drop of almost 10 per cent was noted for 3BHK units.

Budget wise Analysis Budget wise Analysis

l A significant over-supply of 37 per cent was noted for properties Q4 Q1 Q4 Q1 priced below Rs 20 lakh. While supply stood at 58 per cent, supply 8 9 9 Q4 (Jan-Mar 2014) 15 lagged behind at 21 per cent 20 20 31 Q1 (Apr-Jun 2014) 22 Rs <20 lakh l The Rs 20-40 lakh budget range remained the preferred budget range 46 46 in West Kolkata. As observed in the previous quarter, a considerable 58 Rs 20-40 lakh 54 demand of 46 per cent was recorded in the zone. However, supply at Rs 40-60 lakh 31 per cent fell short by 15 per cent Rs 60 lakh-1 crore

22 21 Rs1 crore and above l A significant drop of 10 per cent was noted in the supply of properties priced Rs 40-60 lakh. As compared to the previous DEMAND SUPPLY quarter, supply fell from 15 to 5 per cent. Demand in the category Source: Magicbricks.com stood at 20 per cent

Property wise Analysis Property wise Analysis

l Unlike other zones, almost equal demand was noted for apartments Q4 Q1 Q4 Q1 and plots in West Kolkata. While demand for apartments (48%) 40 45 46 40 dropped marginally by 1 per cent, supply for the same witnessed a Q4 (Jan-Mar 2014) rise of 10 per cent in the current quarter Q1 (Apr-Jun 2014) l On the other hand, demand for plots inched up by 5 per cent to settle 11 6 Apartment 7 10 54 at 45 per cent. Supply was at 40 per cent, a drop of 6 per cent as 49 48 Residential house 44 compared to the previous quarter Residential plot l A uniform drop of 4 per cent was noted in the demand and supply of residential houses. While demand was at 7 per cent supply kept pace at 6 per cent in the current quarter DEMAND SUPPLY Source: Magicbricks.com

BHK wise Analysis BHK wise Analysis

l A rise of 11 per cent was noted in the demand of 2BHK units in the Q4 Q1 Q4 Q1 Apr-Jun 2014 quarter. A similar trend was noted in supply as well. 18 10 28 34 With a rise of 15 per cent, supply in the segment moved from 37 Q4 (Jan-Mar 2014) 40 per cent to 55 per cent in the current quarter 67 Q1 (Apr-Jun 2014) 56 1 BHK l Both demand and supply dropped in the 3BHK segment. Demand in 55 2 BHK the category witnessed a significant drop of 9 per cent in the 40 3 BHK current quarter. Supply recorded a drop of only 3 per cent

4 BHK & above l Supply for 1BHK units saw a drop in the Apr-Jun 2014 quarter. From 12 14 13 13 per cent in the Jan-Mar 2014 quarter it dropped to 7 per cent in 7 DEMAND SUPPLY the current quarter Source: Magicbricks.com KOLKATA propindex.magicbricks.com 12 VOL4, ISSUE 1; APR-JUN, FY 2014-15

DEMAND & SUPPLY - East Kolkata

The Rs 20-40 lakh category was preferred by buyers in East Kolkata. It was also the most supplied category in the zone. Demand met supply for the Rs 60-100 lakh category while an under-supply was noted for the Rs 40-60 lakh category. Apartments remained the preferred property type with more than 80 per cent demand and supply. Plots witnessed a moderate demand at 14 per cent. Nearly 90 per cent of the demand was concentrated for 2 and 3BHK units. An over-supply was observed for 3BHK units while supply fell short of demand for 2BHK units during the current quarter.

Budget wise Analysis Budget wise Analysis

l Almost equal demand was noted in the Rs 20-40 lakh (33%) and Q4 Q1 Q4 Q1 Rs 40-60 lakh (30%) categories. Demand remained stable in the last 13 13 16 19 Q4 (Jan-Mar 2014) six months in both the categories. While supply kept pace with Q1 (Apr-Jun 2014) 22 22 26 24 demand in the Rs 20-40 lakh range, a short fall of 12 per cent was Rs <20 lakh noted for the latter 30 30 Rs 20-40 lakh 21 18 l A healthy demand of 22 per cent was also noted in the Rs 60-100 lakh Rs 40-60 lakh category. Supply led demand by 2 per cent to settle at 24 per cent, a 33 31 30 33 Rs 60 lakh-1 crore drop of 2 per cent from the previous quarter Rs1 crore and above l An over-supply of 6 per cent was noted for premium properties 6 9 DEMAND SUPPLY priced Rs 1crore and Above. Supply in the category moved up by Source: Magicbricks.com 3 per cent as compared to the previous quarter

Property wise Analysis Property wise Analysis

l Apartments remained the preferred category in the Apr-Jun 2014 Q4 Q1 Q4 Q1 quarter. At 81 per cent demand the category recorded a rise of 16 14 8 10 2 per cent from the previous quarter. Supply in the category (86%) 87 86 79 81 Q4 (Jan-Mar 2014) led demand by 5 per cent in the current quarter Q1 (Apr-Jun 2014) Apartment l Plots were the second most preferred category with 14 per cent demand. This was a drop of 2 per cent from the previous quarter. Residential house Supply moved up by 2 per cent in the current quarter to settle at Residential plot 10 per cent. However, it still fell short of demand by 4 per cent in the Apr-Jun 2014 quarter

DEMAND SUPPLY l Demand (5%) and supply (4%) for residential apartments remained Source: Magicbricks.com largely stable in the last six months

BHK wise Analysis BHK wise Analysis

l Demand and supply in East Kolkata remained almost unchanged in Q4 Q1 Q4 Q1 the last six months. The 2BHK category was preferred by buyers 10 11 42 42 with 47 per cent demand. Supply, at 39 per cent, fell short of the 48 48 Q4 (Jan-Mar 2014) Q1 (Apr-Jun 2014) existing demand by 8 per cent

1 BHK l The 3BHK category was the most supplied with 48 per cent 45 47 2 BHK availability. As observed in the Jan-Mar 2014 quarter, demand stood 39 39 3 BHK at 42 per cent, 6 per cent short of supply

4 BHK & above l There was an over-supply of 7 per cent for the 4BHK and Above category in the Apr-Jun 2014 quarter. Supply for smaller units 8 7 DEMAND SUPPLY (1BHK) remained almost negligible while demand for the same Source: Magicbricks.com stood at 7 per cent in the current quarter VOL4, ISSUE 1; APR-JUN, FY 2014-15 13 propindex.magicbricks.com KOLKATA

CAPITAL VALUES – LOCALITY WISE KOLKATA Average Listed Residential Apartment Prices

Locality Capital Values Locality Capital Values (Rs/Sq feet) (Rs/Sq feet)

Airport 2750 to 3450 Kasba -East 4250 to 5400 Alipore 11200 to 14550 Kestopur 2850 to 3400 Baghajatin 3150 to 4150 Lake Gardens 5500 to 6950 Baguiati 2850 to 3550 Lake Town 4600 to 5900 Ballygunge 8500 to 11350 Madhyamgram 2350 to 2800 Ballygunge Circular Area 9800 to 13400 Madurdaha 3900 to 4550 Bangur 4400 to 5500 Mukundpur 3050 to 3650 Banshdroni 2950 to 3800 Nager Bazar 3200 to 4100 Barasat 2150 to 2600 Naktala 3350 to 4250 Behala 3300 to 4250 Narendrapur 2950 to 3800 Belghoria 2650 to 3350 Nayabad 2950 to 3350 Bhawanipur 8550 to 10950 Netaji Nagar 3150 to 4150 Birati 2650 to 3300 New Alipore 6050 to 7850 BT Road 3350 to 4100 New Town 4300 to 5450 Chinar Park Bus Stop 3600 to 4400 New Town Action Area 1 4650 to 5800 City Centre Newtown 3800 to 4750 New Town Action Area 2 4350 to 5400 Deshapriya Park 8850 to 10950 New Town Action Area 3 4350 to 5300 Dum Dum 3100 to 4000 Patuli 3650 to 4450 Dum Dum Cantonment 2300 to 2900 Picnic Garden 3850 to 4800 EM Bypass 4700 to 6450 Prince Anwar Shah Road 9550 to 12550 EM Bypass South East 3650 to 5050 Purbalok 3900 to 4650 Ganguli Bagan 3200 to 4000 Rajarhat 3100 to 4000 Garia 3100 to 4050 Rajarhat Chowmatha 2700 to 3300 Garia Boral Road 2600 to 3100 Rajarhat Main Road 3650 to 4600 Gariahat 8700 to 11700 Rash Behari Avenue Connector 4950 to 6400 Haltu 3800 to 4650 Ruby Hospital 4600 to 6150 Hazra 7950 to 9700 Salt lake 5300 to 7100 Howrah 2950 to 3850 Santoshpur 3750 to 4600 INO Airport 2850 to 3400 Sodepur 2750 to 3750 Jadavpur 4050 to 5350 Sonarpur 2500 to 2950 Jessore Road 3450 to 4650 Southern Avenue 8950 to 11450 Jodhpur Park 7400 to 9150 Tegharia 3250 to 3950 Kaikhali 2950 to 3650 Thakur Pukur 2750 to 3550 Kalikapur 3950 to 4800 Tollygunje 3850 to 5150 Kamalgazi 3300 to 4100 VIP Road 3450 to 4600

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

Luxury takes centre stage in Indian cities cross India, luxury the category. In most big cities, properties have seen a luxury demand came from IT and Arising demand. However, Manufacturing professionals with developers in most cities looking for premium lifestyles choosing to build heavily in this near their place of work. It came segment, the luxury market packaged with premium asset continued to be over-supplied. quality, safe gated communities, In smaller cities such as Vadodara, lifestyle features such as jogging local demand from industrialists, tracks, swimming pools, sports in the 40-year age group seeking to facilities and well planned upgrade lifestyle, drove demand in landscaping. A key component of

DELHI NOIDA DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 & DEMAND 1-1.4 cr 1.4-2 cr 2-3 cr 3-5 cr 5 cr & Above Above East 33% 22% 27% 6% 12% New developing sectors 60% 20% 9% 9% 3% North 28% 21% 26% 9% 16% Noida Gr Noida Expway 36% 33% 18% 10% 3% South 11% 19% 30% 11% 29% Old Noida 38% 24% 15% 16% 7% West 39% 21% 19% 6% 15% City 42% 28% 15% 11% 4% City 20% 20% 27% 9% 24% SUPPLY SUPPLY New Developing Sectors 62% 14% 13% 6% 5% East 25% 31% 15% 9% 20% Noida Gr Noida Expway 38% 24% 18% 11% 9% North 14% 18% 26% 14% 28% Old Noida 22% 17% 18% 23% 20% South 4% 9% 17% 15% 55% City 36% 21% 18% 13% 12% West 34% 29% 16% 7% 14% Source: Magicbricks.com City 8% 12% 17% 14% 49% Source: Magicbricks.com MUMBAI DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 cr & GURGAON Above DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 cr & Central Line 31% 24% 19% 11% 15% Above Central Mumbai 14% 17% 32% 14% 23% Dwarka Expressway 30% 29% 29% 1% 11% Harbour Line 19% 22% 22% 9% 28% Golf course Extn Rd 26% 16% 25% 11% 22% Navi Mumbai 39% 16% 27% 8% 10% New Developing Sectors 48% 22% 26% 3% 1% South Mumbai 7% 7% 17% 11% 58% New Gurgaon 24% 25% 25% 10% 16% Thane 41% 21% 29% 4% 5% Old Gurgaon 27% 20% 24% 9% 20% Western Suburbs 24% 26% 23% 9% 18% Sohna Road 42% 24% 23% 5% 6% City 24% 24% 22% 9% 21% City 27% 23% 24% 10% 16% SUPPLY SUPPLY Central Line 25% 33% 19% 5% 18% Dwarka Expressway 26% 30% 15% 8% 21% Central Mumbai 8% 21% 20% 11% 40% Golf course Extn Rd 14% 22% 27% 11% 26% Harbour Line 17% 30% 26% 10% 17% New Developing Sectors 64% 26% 2% 1% 7% Navi Mumbai 25% 27% 24% 7% 17% New Gurgaon 16% 23% 22% 13% 26% South Mumbai 3% 6% 9% 7% 75% Old Gurgaon 15% 35% 25% 9% 16% Thane 28% 36% 19% 5% 12% Sohna Road 37% 34% 13% 9% 7% Western Suburbs 19% 25% 18% 13% 25% City 18% 24% 22% 11% 25% City 16% 24% 18% 10% 32% Source: Magicbricks.com Source: Magicbricks.com VOL4, ISSUE 1; APR-JUN, FY 2014-15 15 propindex.magicbricks.com

luxury development has been modern units which are built on efficient concierge services, re-developed old plotted layouts. premium brand tie-ups and The buyers are the traditional predictive facilitations. wealthy citizens of the city who Luxury in the suburbs has been are upgrading to modern around for a while. But in the past apartment living within localities six months luxury demand has in their comfort zone. The quality re-entered CBD (Central Business of assets supercedes the packaged District) areas which are under lifestyle features in these areas. re-development. A clear case is Location contributes to a large Bangalore and Chennai where part of the values of these traditional downtown premium properties. areas such as MG Road and Adyar As users go online to seek luxury are posting both supply and robust property, PropIndex acknowledges demand for extremely high-priced this as a significant segment.

PUNE HYDERABAD DEMAND 1-1.2 cr 1.2-1.6 cr 1.6-2.0 2-4 cr 4 cr & DEMAND 1-1.4 cr 1.4-2 cr 2-3 cr 3-5 cr 5 cr & cr Above Above Central 10% 27% 16% 21% 26% East 48% 20% 19% 5% 8% East 31% 35% 11% 17% 6% North 57% 28% 11% 2% 2% North 38% 28% 7% 19% 8% South 51% 24% 11% 8% 6% South 31% 35% 11% 19% 4% West 37% 25% 12% 13% 13% West 31% 37% 10% 17% 5% City 40% 25% 12% 12% 11% City 31% 36% 11% 16% 6% SUPPLY SUPPLY East 53% 22% 7% 13% 5% Central 4% 13% 12% 41% 30% North 29% 33% 24% 11% 3% East 27% 31% 11% 19% 12% South 16% 18% 25% 28% 13% North 21% 33% 10% 26% 10% West 26% 20% 25% 15% 14% South 25% 24% 19% 22% 10% City 27% 21% 23% 17% 12% Source: Magicbricks.com West 27% 26% 14% 23% 10% City 26% 27% 13% 22% 12% BANGALORE Source: Magicbricks.com DEMAND 1-1.4 cr 1.4-2 cr 2-3 cr 3-5 cr 5 cr & Above Central 29% 30% 17% 15% 9% CHENNAI East 43% 31% 14% 7% 5% DEMAND 1-1.4 cr 1.4 -2 cr 2-3 cr 3-5 cr 5 cr & North 38% 29% 18% 10% 5% Above South 44% 26% 15% 8% 7% Central 33% 24% 17% 15% 11% West 40% 27% 17% 9% 7% North 37% 37% 13% 7% 6% City 42% 29% 14% 9% 6% South 41% 24% 15% 9% 11% SUPPLY City 38% 27% 15% 10% 10% Central 16% 20% 19% 17% 28% SUPPLY East 34% 24% 20% 12% 10% Central 20% 23% 20% 14% 23% North 34% 28% 21% 11% 6% North 25% 27% 18% 13% 17% South 30% 27% 21% 14% 8% South 28% 21% 17% 17% 17% West 35% 30% 20% 11% 4% City 25% 23% 18% 15% 19% City 32% 26% 21% 12% 9% Source: Magicbricks.com Source: Magicbricks.com

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

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DISCLAIMER

Every effort has been made to make this Index as complete and as accurate as possible. MagicBricks accepts no responsibility for inaccuracies in the information/data contained in this book. It shall have neither liability nor responsibility to any person or entity with respect to any loss or damage caused, or alleged to have been caused, directly or indirectly, by the information contained in this book. The information/data in this book is subject to change from time to time due to market condition.