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, 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 . 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 Hyderabad...... 4 home loan interest rates after the projects eligible for FDI, formation of the new government launching affordable housing Luxury...... 14 also impacted sentiments, schemes to proposing additional Annexures...... 18 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 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 maximum residential development 1 per cent, in line with the NPI. r 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 city continued to yield higher Bangalore market has been mostly c

maximum increase in capital values in k s . c rental returns of over 3 per cent, passive, resulting in little change each city. o owing to lower base price of in property values in the current m 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, 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% HYDERABAD propindex.magicbricks.com 04 VOL4, ISSUE 1; APR-JUN, FY 2014-15

PROPINDEX - HYDERABAD Editorial

V Nagarajan, CEO Raghav Realty Consultancy After the bifurcation, Hyderabad is gradually recovering. It is expected that the new administration would swing into action to take up Source: Magicbricks.com development on priority and regain the status of Hyderabad as an ideal The City Index of Hyderabad dropped by 1 per cent in the destination for real estate. Apr-Jun 2014 quarter, as compared to the Jan-Mar 2014 quarter, Almost 45 per cent of the micro when it had recorded a rise of 3 per cent. Similarly, the Price markets reported an increase in capital Monitor of the city also dropped by 1 per cent in the current values, with majority registering a rise quarter as against the drop of 3 per cent in the previous quarter. within 1-5 per cent. Over 60 per cent reported a drop in rental values, leading to stable values. Key Takeaways Over 60 per cent demand and supply was for the upto Rs 60 lakh budget l Post the peace following the l , and range. High-end units priced Telangana decision, Hyderabad continued to top the Rs 1 crore and above witnessed an oversupply. Overall, demand for seems to have quietened down list of the most preferred residential units dipped by 4 per cent localities to buy property for in the last three months. l The residential property sector over a year now, primarily due was relatively subdued in the to good connectivity and Gachibowli, Miyapur and Kondapur Apr-Jun 2014 quarter proximity to the IT hubs and retained the top slot of the most preferred areas for investment for over l Almost 45 per cent of the financial centres a year now. This was primarily due to micromarkets reported increase improved connectivity and proximity to l Yet again Gachibowli, with IT hubs and financial centres. in property prices. Majority of financial offices located in and the localities registered a rise around the area, retained its top Apartments noted a rise in demand within 1-5 per cent slot as the preferred locality for and remained the most demanded rental housing in the category. The city witnessed a healthy l Over 60 per cent of Hyderabad demand and supply for plots and Apr-Jun 2014 quarter as well reported a drop in rental values, residential houses. in direct contrast to the previous l Over 60 per cent of total quarter, resulting in stable Smaller units saw a dip in supply residential demand and supply while larger units saw an increase. values in the last six months in the city was in the budget of The 2BHK category had the maximum l The Yield Meter showed a range upto Rs 60 lakh. High-end demand at 53 per cent but its supply remained inadequate at 37 per cent. of 2.72-4.41 per cent, a marginal properties worth Rs 1 crore and change to the 2.59-4.85 per cent Above witnessed an oversupply Demand for residential plots was in the Jan-Mar 2014 quarter in the market with 9 per cent estimated at over 25 per cent and margin in the current quarter remained the second preferred l Yield Meter indicates well category. South Hyderabad recorded established localities with high l With over 25 per cent demand the maximum demand for plots capital values earning low rate for residential plots, it remained followed by the northern region. the second most preferred of rental returns on investment An estimated 60 per cent of the micro such as . On the category. South Hyderabad markets reported very little change in other hand, Nallagandala recorded maximum demand, capital values whereas a similar offered mid-segment properties followed by the North region. percentage drop was noted in rental at relatively lower values and Demand for residential houses values during the quarter. Areas such yielded higher rental returns dropped by 4 per cent in the last as Begumpet and Hitec City reported no change in rental values despite of 4.41 per cent three months while supply remained stable their proximity to the IT hubs. VOL4, ISSUE 1; APR-JUN, FY 2014-15 05 propindex.magicbricks.com HYDERABAD

LISTED PRICE MONITOR RENT MONITOR

-1%

Source: Magicbricks.com Source: Magicbricks.com l Approximately 60 per cent of the micromarkets in l About 60 per cent of Hyderabad reported a drop in Hyderabad reported very little change in values rental values in the Apr-June 2014 quarter in direct contrast to the previous quarter l Areas such as Begumpet and reported the maximum increase of 9 and 7 per cent respectively in l Except for , and Miyapur, the Apr-June 2014 quarter few other localities reported an increase in rental values in the current quarter l The biggest drop in values of 5 per cent was recorded by Chanda Nagar, followed by Banjara Hills, which l Begumpet and Hitec City reported no change in dropped by 4 per cent rental values in the current quarter despite their proximity to the IT hubs l AS Rao Nagar, and Manikonda reported no change in property values in the Apr-Jun 2014 l KPHB Colony reported the biggest drop in rental quarter. While the newer localities such as Hitec City, values falling by 9 per cent as compared to the Miyapur, and Kondapur reported a mere previous quarter. This was close on the heels of 1 per cent change Kukatpaly, West and Chanda Nagar which dropped by 7 per cent each YIELD METER

Locality Average Rental Average Capital Gross Value (Rs/sqft/mth) Value (Rs/sqft) Yield Nallagandla 10.75 2,925 4.41% Miyapur 9.75 3,100 3.77% Hitech City 14.25 4,300 3.98% 10.00 3,100 3.87% KPHB Colony 10.75 4,225 3.05% Banjara Hills 15.25 6,725 2.72% Madinaguda 9.50 3,125 3.65% Somajiguda 13.50 5,525 2.93% Manikonda 8.25 2,600 3.81% Source: Magicbricks.com Gachibowli 14.25 4,150 4.12%

l The Yield Meter ranged from 2.72-4.41 per cent in l Banjara Hills reported the least yield in the the Apr-Jun 2014 quarter, a marginal change in tracked localities followed by Somajiguda which comparison to the 2.59-4.85 per cent in the recorded a yield of 2.93 per cent in the Jan-Mar 2014 quarter Apr-Jun 2014 quarter

l Nallagandla topped with a yield of 4.41 per cent as l Hitec City, Kukatpally and Manikonda reported a the highest gross yielder, followed by Gachibowli, moderate yield primarily because of moderate rise which recorded a 4.12 per cent yield in property values for the quarter HYDERABAD propindex.magicbricks.com 06 VOL4, ISSUE 1; APR-JUN, FY 2014-15

PREFERRED LOCALITIES

SALE RENT

Locality Rank Capital %age Locality Rank Rental %age Q1 Q4 Values change Q1 Q4 Values change Gachibowli 1 1 3750 to 4550 4% Gachibowli 1 1 13000 to 17000 -5% Kondapur 2 2 3350 to 4100 -1% Kondapur 2 3 11000 to 14000 -6% Miyapur 3 3 2850 to 3350 1% Madhapur 3 2 12000 to 15500 -2% Manikonda 4 4 2400 to 2800 0% Miyapur 4 4 9000 to 11000 5% Kukatpally 5 5 2800 to 3400 -10% KPHB Colony 5 5 10000 to 12000 -9% Chanda Nagar 6 6 2800 to 3200 -5% Hitech City 6 6 13000 to 16500 0% 7 10 - - Banjara Hills 7 9 13500 to 18000 -5% Jubilee Hills 8 - 4950 to 6450 -10% Kukatpally 8 8 9000 to 12000 -7% Hitec City 9 9 3900 to 4700 -1% Manikonda 9 7 7500 to 9500 -10% Madhapur 10 - 4300 to 5200 1% Jubilee Hills 10 10 13000 to 16500 2% Note: Q1 Apr-Jun 2014, Q4 Jan-Mar 2014 Source: Magicbricks.com Note: Q1 Apr-Jun 2014, Q4 Jan-Mar 2014 Source: Magicbricks.com l Good connectivity and proximity to the IT hubs and l Gachibowli, with several financial offices in and financial centres ensured Gachibowli, Miyapur and around the area, retained its top slot as the preferred Kondapur continue to top the list of the most locality for rental housing in the current quarter preferred localities to buy for over a year now l Madhapur dropped to the third slot, while Kondapur l Localities such as Manikonda, Kukatpally and took its place, capturing the second spot in the Chanda Nagar maintained their respective positions Apr-Jun 2014 quarter. The offered rental values in in the top ten preferred destinations for sale Kondapur were within a range of Rs 11,500-14,000 per month l Announcement of several new projects and completion of others in the Apr-Jun2014 quarter l Banjara Hills regained its popularity as a preferred ensured their respective positions in the top ten list rental destination by climbing to the seventh position in the current quarter l Adibatla, which was at the bottom in the Jan-Mar 2014 list, moved up to the seventh slot l Miyapur and KPHB Colony continued to remain ahead of Jubilee Hills in the current quarter moderately popular rental destinations for the third consecutive quarter primarily due to their location. l Banjara Hills which had managed to hold its eighth However, higher rental values and smaller interiors position in the Jan-Mar 2014 list dropped out of the kept them from reaching the top of the tenants list top ten destinations list in the Apr-Jun 2014 quarter l Manikonda dropped two positions to hold the ninth l Madhapur which was a new entrant to the top ten spot in the top ten list of preferred rental localities list in the Jan-Mar 2014 quarter retained its position in the Apr-Jun 2014 quarter after having gained a in the current quarter little in the Oct-Dec 2014 quarter

l Properties worth Rs 20 lakh Home in your Budget and Above recorded the maximum availability in Upto Rs 20 Lakh Adibatla, Kothur, Shad Nagar, Chanda Nagar, Bibi Nagar West Hyderabad

l Gachibowli and Kondapur Rs 20-40 Lakh Manikonda, Miyapur, , Kukatpally, offers maximum number of residential options in the city, primarily in the Rs 40 lakh and Rs 40-60 Lakh Kondapur, Manikonda, Attapur, Komapally, Appa Junction above category

Rs 60-100 Lakh Kondapur, Gachibowli, Hitec City, Madhapur, l Large houses of high value are primarily concentrated in Hitec City, Banjara Hills and Rs 1 Crore & Above Gachibowli, Banjara Hills, Jubilee Hills, Hitec City, Jubliee Hills Source: Magicbricks.com VOL4, ISSUE 1; APR-JUN, FY 2014-15 07 propindex.magicbricks.com HYDERABAD

EXPERT SPEAK Q&A Broker The combination of a stable government, cost of living and pleasant climatic conditions will boost the real estate. After the Telangana division, Hyderabad is stabilizing as new

Rakesh Sudam inventories are coming up at a steady pace. Earthwide Properties Hyderabad Home buyers are getting attracted as they are getting quality products at affordable prices. The exorbitant land prices in Andhra Pradesh are benefitting Hyderabad realty because of Sumit Sen, Director S&M, Prajay Group its reasonably priced tag. How has the city performed in the last quarter with respect to capital values in Consultant different areas? Why? Hyderabad market will grow within the Currently, the budget range for luxury next 2-3 months as the government is now stable and the market is maturing. property is Rs 2.5 crore and above. After the The last quarter did not perform well due Telangana clarity, the demand has almost to the uncertainties in the market. Which budget ranges have done well in matched the supply in the market. The the last quarter and why? Om Ahuja CEO premium property buyers in Hyderabad are Currently, consumers do not want to Residential Services, mostly the local businessmen. Localities such invest because the risk is high. Only those Jones Lang LaSalle India who need houses are buying. The range as Jubilee Hills, Banjara Hills and Srinivas of Rs 30-35 lakh has been in demand but even that is about 2-3 per cent of the Nagar have witnessed maximum launches of total sale. luxury projects over the last year. What type of property is in demand? The property types in demand are independent houses mostly in the outskirts and flats in prime locations. R E A L T Y N E W S Which areas or corridors have seen the maximum launches in the last quarter? With the resolving of the Telangana issue and the formation of the new Central Which areas are expected to see new Government, Hyderabad real estate market is heading towards a revival. Apart launches/possession in the coming from central areas, the suburbs are also expected to grow. With the state IT months? minister clearing the expansion of several IT majors, increase in housing In the last few years the IT corridor has demand is also expected. seen the maximum launches in Gachibowli and Madhapur. After the Three most promising areas of Telangana realty setting up of large companies near the With Telangana coming into existence, the realty market of the newly formed state is International Airport, we are seeing many also looking forward to some action. While the state has the advantage of world-class IT launches in areas like Maheshwaram and city Hyderabad, other cities are agriculture based and have prospects of industrial . development. Bulk of the commercial setup is established in proximity to Hyderabad. Any new infrastructure project that had However, a push is required for real estate development in the other regions as well. an impact on the real estate market in n Magicbricks Bureau the last few months or is expected to impact the market in coming months? Proposed IT growth spurs interest in suburbs Government policies will freeze certain Ever since the state information technology minister cleared the expansion plans of areas. Connectivity is increasing in the several IT majors, there has been a buzz in the residential market. The IT companies are city so transportation is another factor expected to generate 15 lakh direct and 35 lakh indirect jobs over the next five years. that will help in the booming of the real Several IT majors such as Google, Amazon, Facebook, TCS, Microsoft and Cognizant are estate. The faith of consumers is expected to set-up their operations in the ITIR corridor, pushing up residential demand. increasing slowly which will drive the n Times Property, Hyderabad/Magicbricks.com Bureau market now. So, we are hoping to see a turnaround for good after the lull in the To read full story and more news go to www.content.magicbricks.com real estate market. HYDERABAD propindex.magicbricks.com 08 VOL4, ISSUE 1; APR-JUN, FY 2014-15

DEMAND - SUPPLY ANALYSIS In Hyderabad, apartments continued to remain the most demanded and supplied property type. The segment even registered a rise in demand in the current quarter and was evenly matched by its supply. The city witnessed a healthy demand and supply for plots and residential houses as well. Together, they registered a 47 per cent demand and a 48 per cent supply. Demand and supply mismatch was witnessed in the 2, 3 and 4BHK and Above categories. While the 2BHK units were undersupplied, 3 and 4BHK and Above units saw an oversupply in the current quarter. The Rs 20-40 lakh, Rs 40-60 lakh and Rs 60-100 lakh categories recorded the maximum demand, while the supply for the same was insufficient.

Budget wise Analysis - City Level Budget wise Analysis l Supply was evenly distributed in DEMAND SUPPLY all categories, while demand was 40 (Jan-Mar 2014) 40 (Jan-Mar 2014) for the Rs 20-40 lakh, Rs 40-60 lakh 34 (Apr-Jun 2014) (Apr-Jun 2014) 32 33 and Rs 60-100 lakh categories. They ) ) % % S ( 30 27 ( 30 27 noted a demand of 87 per cent and o e 26 e u

g g 25 r a a t t 22 c

e supply of 59 per cent n 20 n 20 : e e 19

19 c c M r 20 r 20 18 a e e 17 16 17 g p p

i l A nominal 3 per cent demand and c n n

i 12 i b 10 r s s i c e e

r r 22 per cent supply was seen for the 10 10 k u u s g g . i i c o F F Upto Rs 20 lakh category, an

3 3 m 0 0 oversupply of 19 per cent. <20 20-40 40-60 60-100 100 & <20 20-40 40-60 60-100 100 & above above Similarly, in the Rs 1 crore and Figures in Rs lakh Figures in Rs lakh Above category, supply led demand by 9 per cent

Property wise Analysis Property wise Analysis - City Level l Demand and supply of apartments DEMAND SUPPLY was synonymous. While supply 80 80 remained unchanged at 52 per cent, (Jan-Mar 2014) (Jan-Mar 2014) (Apr-Jun 2014) (Apr-Jun 2014) demand saw an increase of ) ) % % S ( ( 7 per cent to stand at 53 per cent e e 60 60 o g g 53 u a a 52 52 r t t c n n 46 e e e :

c c l An insignificant drop of 4 per cent M r r e e a p p 40 40 g

i was registered in plots, though it c n n i i

30 b 29 29 s s 26 r i e e 24 c remained the second preferred r r 21 k u u s g g 19 19 . i i c property type. The category saw F F 20 20 o m 26 per cent demand and 29 per cent supply. Demand (21%) and 0 0 Apartment Residential House Residential Plot Apartment Residential House Residential Plot supply (19%) of residential houses was also matching

BHK wise Analysis - City Level BHK Configuration - City Level l Smaller units (1 and 2BHK) saw an DEMAND SUPPLY undersupply while the larger units 60 (Jan-Mar 2014) 60 (Jan-Mar 2014) (3BHK and 4BHK and Above) saw 52 53 (Apr-Jun 2014) (Apr-Jun 2014) an oversupply. The 2BHK category

) 50 ) 50 47 % %

S had the maximum demand at ( ( 43 o e 40 e u g g 39 r a a 53 per cent but its supply remained

38 c t 40 t 40

37 e n n : e e

M c c insufficient at 37 per cent r r a e e g p p

30 30 i c n n i i b

r s s • Supply for the 3BHK category led i c e e r r k u u 20 20 17 s . g g 15

i i demand by 7 per cent. Demand for c o F F m the 1BHK and 4BHK and Above 10 6 10 4 3 4 11 categories was negligible. The 0 0 1BHK 2BHK 3BHK 4BHK & 1BHK 2BHK 3BHK 4BHK & former saw a nominal supply while above above the latter was oversupplied (15%) VOL4, ISSUE 1; APR-JUN, FY 2014-15 09 propindex.magicbricks.com HYDERABAD

DEMAND & SUPPLY - South Hyderabad

There was a strong demand for 2BHK units in South Hyderabad in the current quarter however the supply for the same remained insufficient. An oversupply of 19 per cent was registered in the 4BHK and Above category. Demand was inclined towards the Rs 20-40 lakh category while supply was for the Upto Rs 20 lakh budget range. An undersupply was noted in the Rs 20-40 lakh, Rs 40-60 lakh and Rs 60-100 lakh categories. Though plots remained the most demanded property type, there was significant demand for apartments and residential houses as well.

Budget wise Analysis Budget wise Analysis

l Demand (33%) was inclined towards Rs 20-40 lakh category while Q4 Q1 Q4 Q1 supply (36%) was towards Upto Rs 20 lakh budget range. Though 18 9 15 15 Q4 (Jan-Mar 2014) demand (13%) for Upto Rs 20 lakh increased by 6 per cent, it was 17 Q1 (Apr-Jun 2014) 11 12 13 well behind its supply which stood strong at 36 per cent Rs <20 lakh 29 28 15 11 l Similar oversupply was observed in the Rs 1 crore and Above 23 25 Rs 20-40 lakh category, where supply led its demand by 6 per cent. On the contrary, Rs 40-60 lakh 35 33 all other categories saw an undersupply in the current quarter. 35 36 Rs 60 lakh-1 crore

Rs1 crore and above l Supply for the Rs 40-60 lakh fell short of its demand by 17 per cent. 13 In the Rs 60-100 lakh category, demand was 17 per cent and supply 7 DEMAND SUPPLY was 13 per cent Source: Magicbricks.com

Property wise Analysis Property wise Analysis

l Among all zones, South Hyderabad recorded the highest demand Q4 Q1 Q4 Q1 and supply for plots. The category saw 43 per cent demand, a rise of 39 43 48 50 4 per cent from the previous quarter. Supply for the same stood at Q4 (Jan-Mar 2014) 50 per cent Q1 (Apr-Jun 2014) Apartment l Though demand for apartments saw a drop of 3 per cent in the 28 27 21 present quarter, they remained the second preferred property type 23 Residential house in the zone. Supply for the same also registered a dip of 4 per cent. Residential plot 33 30 31 The category recorded 30 per cent demand and 27 per cent supply 27 l Residential houses saw a negligible decline of 1 per cent in demand

DEMAND SUPPLY while supply increased by 2 per cent. The category registered Source: Magicbricks.com 27 per cent demand while supply stood at 23 per cent

BHK wise Analysis BHK wise Analysis

l The 2BHK category registered a mismatch of 22 per cent in the Q4 Q1 Q4 Q1 present quarter. While the demand for the segment was strong at 10 9 28 28 60 per cent, supply saw a dip of 5 per cent from the previous quarter 31 28 Q4 (Jan-Mar 2014) Q1 (Apr-Jun 2014) and stood at 38 per cent 28 33 1 BHK 60 l A similar mismatch was observed in the 4BHK and Above category 56 2 BHK where the demand was 9 per cent while supply was 28 per cent, 43 38 3 BHK exceeding demand by 19 per cent

4 BHK & above l Demand for the 3BHK category saw a 3 per cent drop and stood at 28 per cent. Supply for the same was 33 per cent, recording a

DEMAND SUPPLY 5 per cent rise from the previous quarter. The 1BHK category Source: Magicbricks.com registered negligible demand and supply in the zone HYDERABAD propindex.magicbricks.com 10 VOL4, ISSUE 1; APR-JUN, FY 2014-15

DEMAND & SUPPLY - North Hyderabad

In North Hyderabad, demand was inclined towards the 2BHK category while the supply was skewed towards 3BHK units. Apartments remained the preferred property type with 38 per cent demand. Supply for the same stood at 43 per cent. Demand for plots and residential houses was almost similar to its supply. The Rs 20-40 lakh category was most preferred though supply was short by 6 per cent. A significant gap of 27 per cent was noted in the demand and supply of the Upto Rs 20 lakh category. Similar mismatch was observed in the Rs 60-100 lakh category as well.

Budget wise Analysis Budget wise Analysis

l The Upto Rs 20 lakh and Rs 1 crore and Above categories saw an Q4 Q1 Q4 Q1 oversupply. While demand for Upto Rs 20 lakh was merely 4 per cent, 15 9 11 20 Q4 (Jan-Mar 2014) its supply was 31 per cent, indicating a gap of 27 per cent 12 9 14 Q1 (Apr-Jun 2014) 32 14 Rs <20 lakh l 36 16 Demand for Rs 1 crore and Above category saw a significant drop of 31 9 per cent and stood at 6 per cent. Supply led its demand by 28 Rs 20-40 lakh 5 per cent. Demand and supply for Rs 20-40 lakh category saw a drop Rs 40-60 lakh 39 of 5 and 3 per cent, respectively. While demand stood at 34 per cent, 34 34 31 Rs 60 lakh-1 crore supply was 28 per cent Rs1 crore and above l Demand for Rs 60-100 lakh category increased by 11 per cent and DEMAND SUPPLY stood at 20 per cent, its supply was insufficient at 14 per cent Source: Magicbricks.com

Property wise Analysis Property wise Analysis

l Apartments recorded 38 per cent demand, a nominal rise of Q4 Q1 Q4 Q1 1 per cent from the previous quarter. Supply for the same was 34 30 30 29 43 per cent registering an insignificant drop of 2 per cent Q4 (Jan-Mar 2014) l Demand for plots and residential houses was almost matching at 32 25 28 Q1 (Apr-Jun 2014) 29 Apartment 30-32 per cent. Supply for both the categories was also similar at 28-29 per cent in the Apr-Jun 2014 quarter. , and 45 43 Residential house saw maximum demand for plots 37 38 Residential plot l A 3 per cent rise in demand and supply for residential houses in the current quarter was noted. Demand for apartments was restricted to

DEMAND SUPPLY Begumpet, Bowenpally and Sainikpuri while residential houses Source: Magicbricks.com were preferred in Alwal, Bowenpally, ECIL and Sainikpuri

BHK wise Analysis BHK wise Analysis

l Demand for the 2BHK category recorded a nominal increase of Q4 Q1 Q4 Q1 4 per cent in the current quarter while the supply for the same saw a 6 14 13 40 39 drop of 2 per cent. There was 55 per cent demand and 41 per cent 42 45 Q4 (Jan-Mar 2014) Q1 (Apr-Jun 2014) supply for the category

1 BHK l Larger units (3BHK and 4BHK and Above) registered an oversupply 55 51 2 BHK in the present quarter. While the 3BHK category saw 45 per cent 43 41 3 BHK supply, it was 13 per cent for the 4BHK and Above category. Demand for the 3BHK units was 39 per cent while for the 4BHK and Above 4 BHK & above category it was only 4 per cent

DEMAND SUPPLY l The 1BHK category recorded a negligible demand of 2 per cent and Source: Magicbricks.com supply of 1 per cent in the current quarter VOL4, ISSUE 1; APR-JUN, FY 2014-15 11 propindex.magicbricks.com HYDERABAD

DEMAND & SUPPLY - Central Hyderabad

Demand in Central Hyderabad was inclined towards 2BHK units while the supply was skewed towards the 3BHK category. Even though the demand for 4BHK and Above category was insignificant, it was heavily supplied in the zone. The Rs 20-40 lakh and Rs 40-60 lakh categories recorded an undersupply, whereas, the Upto Rs 20 lakh and the Rs 1 crore and Above categories registered an oversupply. Demand almost matched its supply for the Rs 60-100 lakh category. Apartments were the most demanded and supplied property type followed by residential houses.

Budget wise Analysis Budget wise Analysis

l In Rs 20-40 lakh category, both demand and supply saw a drop of Q4 Q1 Q4 Q1 6-7 per cent. Demand was 33 per cent and supply 25 per cent, 21 9 16 25 Q4 (Jan-Mar 2014) indicating a mismatch of 8 per cent 25 Q1 (Apr-Jun 2014) 27 10 23 Rs <20 lakh l In the Rs 40-60 lakh category, demand (31%) and supply (14%) 28 31 Rs 20-40 lakh registered a gap of 17 per cent. Demand (25%) and supply (23%) 13 14 were synonymous for Rs 60-100 lakh category 33 Rs 40-60 lakh 39 33 25 Rs 60 lakh-1 crore l A respective oversupply of 11 and 16 per cent was observed in both

Rs1 crore and above Upto Rs 20 lakh and Rs 1 crore and Above categories. Upto Rs 20 lakh 11 13 category noted a negligible 2 per cent demand and 13 per cent DEMAND SUPPLY supply. For Rs 1 crore and Above category, demand was 9 per cent Source: Magicbricks.com and supply was 25 per cent

Property wise Analysis Property wise Analysis

l Apartments saw a rise of 5 per cent in demand while supply was Q4 Q1 Q4 Q1 constant. The category recorded 77 per cent demand and 82 per cent 12 7 16 14 13 supply, registering a mismatch. Demand for apartments was in 1964 82 82 Q4 (Jan-Mar 2014) , , Himayath Nagar and Pragati Nagar 77 Q1 (Apr-Jun 2014) 72 Apartment l Residential houses continued to remain the second preferred property type in the zone. Demand for the same stood at 16 per cent, Residential house closely followed by 13 per cent supply Residential plot l There was a significant drop of 5 per cent in the demand for plots in the current quarter. Supply for the same saw a nominal rise of

DEMAND SUPPLY 1 per cent. The category registered 7 per cent demand and Source: Magicbricks.com 5 per cent supply

BHK wise Analysis BHK wise Analysis

l The 2BHK category continued to be the most preferred BHK Q4 Q1 Q4 Q1 configuration in Central Hyderabad. The category saw 57 per cent 35 39 10 12 demand and 40 per cent supply, falling short of demand by 45 45 Q4 (Jan-Mar 2014) Q1 (Apr-Jun 2014) 17 per cent

1 BHK l While the supply for the 3BHK category remained consistent to the 59 57 2 BHK previous quarter at 45 per cent, demand saw a rise of 4 per cent in 43 40 3 BHK the current quarter. The demand for the same was 39 per cent

4 BHK & above l Demand (3%) and supply (3%) for the 1BHK category was negligible in the current quarter. There was an insignificant demand of

DEMAND SUPPLY 1 per cent for the 4BHK and Above category while supply stood at Source: Magicbricks.com 12 per cent, registering a mismatch of 11 per cent HYDERABAD propindex.magicbricks.com 12 VOL4, ISSUE 1; APR-JUN, FY 2014-15

DEMAND & SUPPLY - West Hyderabad

West Hyderabad witnessed a growing interest of buyers towards apartments. The category recorded 68 per cent demand, evenly matched by its supply at 67 per cent. Demand and supply for plots and residential houses was synonymous too. The highest demand was noted for 2BHK units while supply was inclined towards the 3BHK apartments. An oversupply was registered in the 4BHK and Above category. An oversupply was observed in the Upto Rs 20 lakh and Rs 1 crore and Above categories while the Rs 40-60 lakh and Rs 60-100 lakh categories saw an undersupply.

Budget wise Analysis Budget wise Analysis

l While demand for Rs 40-60 lakh category remained consistent with Q4 Q1 Q4 Q1 the previous quarter at 36 per cent, its supply stood at 21 per cent, 21 12 25 26 Q4 (Jan-Mar 2014) registering a gap of 15 per cent 29 Q1 (Apr-Jun 2014) 16 20 19 Rs <20 lakh l Similar mismatch of 10 per cent was observed in the Rs 60-100 lakh category, where demand was 29 per cent and supply 19 per cent. 36 36 Rs 20-40 lakh 22 21 Demand in this category saw a rise of 13 per cent Rs 40-60 lakh

22 Rs 60 lakh-1 crore l Supply for the Upto Rs 20 lakh category led its demand by 24 26 21 Rs1 crore and above 10 per cent. In the Rs 1 crore and Above category, demand saw a 9 12 significant drop of 9 per cent and stood at 12 per cent while supply DEMAND SUPPLY remained firm at 26 per cent. Demand (21%) and supply (22%) was Source: Magicbricks.com synonymous for Rs 20-40 lakh category

Property wise Analysis Property wise Analysis

l Demand for apartments was almost corresponding to supply. The Q4 Q1 Q4 Q1 category recorded 68 per cent demand, a significant increase of 21 17 23 20 10 per cent from the previous quarter. Supply of the same saw a rise 15 Q4 (Jan-Mar 2014) of 5 per cent in the present quarter and stood at 67 per cent 21 13 15 Q1 (Apr-Jun 2014) 68 67 l Plots were the second preferred property type registering 62 Apartment 58 17 per cent demand, closely followed by residential houses at Residential house 15 per cent. Supply of plots and residential houses followed demand Residential plot at 20 and 13 per cent respectively in the Apr-Jun 2014 quarter

l Demand for apartments was recorded in Banjara Hills, Chanda

DEMAND SUPPLY Nagar, Gachibowli, Hitec City, Jubilee Hills, Kondapur, Kukatpally, Source: Magicbricks.com Madhapur, Manikonda, Miyapur, Nizampet and KPHB colony

BHK wise Analysis BHK wise Analysis

l Demand for the 2BHK category remained consistent with the Q4 Q1 Q4 Q1 previous quarter while the supply saw a marginal drop of 2 per cent. 6 18 16 41 44 The category saw 50 per cent demand and 33 per cent supply, Q4 (Jan-Mar 2014) 46 50 Q1 (Apr-Jun 2014) registering a mismatch of 17 per cent

1 BHK l Among all zones, West Hyderabad registered maximum demand and 50 50 2 BHK supply for the 3BHK category in the current quarter. There was 3 BHK 44 per cent demand and 50 per cent supply 35 33 4 BHK & above l The 4BHK and Above category continued to remain oversupplied. This category saw merely 4 per cent demand while its supply stood

DEMAND SUPPLY at 16 per cent, registering a mismatch of 12 per cent. There was Source: Magicbricks.com negligible demand (2%) and supply (1%) for the 1BHK category VOL4, ISSUE 1; APR-JUN, FY 2014-15 13 propindex.magicbricks.com HYDERABAD

DEMAND & SUPPLY - East Hyderabad

East Hyderabad witnessed a healthy demand for each property type - apartments, residential houses and plots. Supply for the same was evenly matched. There was a heavy demand for the 2BHK category but its supply remained insufficient. Similar mismatch was observed in the 3BHK and 4BHK and Above categories as well. High demand and relatively less supply was noted in the Rs 20-40 lakh and Rs 40-60 lakh categories. Together they registered 71 per cent demand, while the supply was insufficient at 45 per cent. Less demand was for Upto Rs 20 lakh category, its supply remained high.

Budget wise Analysis Budget wise Analysis

l Among all zones, East Hyderabad recorded highest demand of Q4 Q1 Q4 Q1 43 per cent for Rs 20-40 lakh category. However, supply was 18 6 9 7 Q4 (Jan-Mar 2014) 19 16 insufficient at 28 per cent, falling short of its demand by 15 per cent 14 Q1 (Apr-Jun 2014) 7 20 17 Rs <20 lakh l 28 28 Similar undersupply was observed in the Rs 40-60 lakh category. 28 Rs 20-40 lakh Demand remained consistent at 28 per cent while its supply saw a 30 nominal dip of 3 per cent and stood at 17 per cent. On the contrary, Rs 40-60 lakh 42 43 an oversupply was seen in the Upto Rs 20 lakh category where 32 Rs 60 lakh-1 crore supply led its demand by 28 per cent 27 Rs1 crore and above l A significant increase of 12 per cent was registered in demand for DEMAND SUPPLY Rs 60-100 lakh category which stood at 19 per cent. Supply for the Source: Magicbricks.com same was 16 per cent

Property wise Analysis Property wise Analysis

l Demand and supply for apartments saw an increase of 2 and Q4 Q1 Q4 Q1 5 per cent respectively in the current quarter. The category recorded 29 26 26 21 41 per cent demand and 49 per cent supply, a mismatch of 8 per cent Q4 (Jan-Mar 2014) 30 l Demand for residential houses remained strong in the zone and 32 33 30 Q1 (Apr-Jun 2014) Apartment stood at 33 per cent. Supply followed closely at 30 per cent. Most of the demand was generated at AS Rao Nagar, Bodupal, , 44 49 Residential house 39 41 and Uppal Residential plot l Plots recorded 26 per cent demand and 21 per cent supply. Both demand and supply recorded a dip of 3 and 5 per cent respectively in

DEMAND SUPPLY the current quarter. Attapur, Bibi Nagar, Nallagandla, Nagole and Source: Magicbricks.com Uppal registered the maximum demand for plots

BHK wise Analysis BHK wise Analysis

l Similar to the previous quarter, the 2BHK category recorded Q4 Q1 Q4 Q1 maximum demand at 62 per cent, highest among all zones. However, 12 12 32 32 supply for the same was insufficient and stood at 44 per cent, falling 42 42 Q4 (Jan-Mar 2014) Q1 (Apr-Jun 2014) short of its demand by 18 per cent

61 62 1 BHK l Both demand and supply for the 3BHK category remained 2 BHK consistent to the previous quarter. There was 32 per cent demand 45 44 3 BHK and 42 per cent supply, registering a mismatch of 10 per cent

4 BHK & above l There was almost similar demand (3%) and supply (2%) for the 1BHK category in the current quarter. The 4BHK and Above

DEMAND SUPPLY category witnessed an oversupply of 9 per cent with merely Source: Magicbricks.com 3 per cent demand while supply was 12 per cent 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

HYDERABAD propindex.magicbricks.com 18 VOL4, ISSUE 1; APR-JUN, FY 2014-15

CAPITAL VALUES – LOCALITY WISE HYDERABAD Average Listed Residential Apartment Prices

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

Alwal 2350 to 3000 2750 to 3200 Ameerpet 4100 to 4800 Malkajgiri 1900 to 2450 Appa Junction 3200 to 4050 Mallapur 2300 to 2950 AS Rao Nagar 1950 to 2600 Manikonda 2400 to 2900 Attapur 2700 to 3450 2850 to 3700 Bachupalli 2150 to 2700 Mehedipatnam 3100 to 3850 Banjara Hills 6050 to 7900 Miyapur 2850 to 3550 Begumpet 4350 to 5450 3500 to 4050 Bowenpally 2350 to 3000 Nagole 2650 to 2950 Chanda Nagar 2800 to 3350 Nallagandla 2700 to 3300 DD Colony 4450 to 5150 3500 to 4450 Dilsukh Nagar 3050 to 4050 Nandagiri Hills 7900 to 9050 East Marredpally 3300 to 4250 Narsingi 2600 to 3450 Gachibowli 3750 to 4850 Neradmet 2200 to 2850 3150 to 3850 Nizampet 2200 to 2750 3250 to 3800 3400 to 3900 Himayath Nagar 4750 to 6000 Pragati Nagar 2150 to 2700 Hitec City 3900 to 5000 1600 to 2100 Hyder Nagar 2900 to 3550 Sainikpuri 2350 to 2850 Jubilee Hills 4950 to 7050 Sanath Nagar 4500 to 5500 Kavuri Hills 3700 to 4900 2900 to 4050 Kompally 2150 to 2750 Somajiguda 4850 to 6750 Kondapur 3350 to 4100 4150 to 5200 Kothaguda 3750 to 4550 3250 to 4100 KPHB Colony 3850 to 4900 Uppal 2350 to 2750 Kukatpally 2800 to 3650 Vidya Nagar 2950 to 3600 Madhapur 4300 to 5550 West Marredpally 3450 to 4600 Madinaguda 2900 to 3550

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

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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.