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Residential Market Insights Market Dynamics Gurugram Residential Segment Stabilizes with the Market Slowly Picking up in Peripheral Areas Parameters India Gurugram

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Residential Market Insights Market Dynamics Gurugram Residential Segment Stabilizes with the Market Slowly Picking up in Peripheral Areas Parameters India Gurugram PropIndex | Magicbricks Gurugram Jan-Mar 2020 Residential Market Insights Market Dynamics Gurugram residential segment stabilizes with the market slowly picking up in peripheral areas Parameters India Gurugram While Gurugram's core residential market continued to witness low real estate activity, the New Gurgaon and Sohna Demand+ +5.3% +3.5% micromarkets witnessed some movement in terms of launches and absorptions, Overall, the city's residential prices Supply++ -0.8% -1.0% witnessed an uptrend for two consecutive quarters. The Under Construction (UC) segment also witnessed a decent Price Index+++ +0.1% +1.6% 2.4% QoQ increase in prices. Notes: Above parameters represent QoQ change in Q1 2020 at On the infrastructure side, Dwarka Expressway is finally expected to see completion by March next year, driving real India and city level + volume of property searches estate activity in New Gurgaon micro-market. The announcement of Gurugram metro extension from HUDA city ++ volume of active listings center to Cyber City may also lead to some price increases in the core of the city in the long term. +++ change in the weighted average price Source: Magicbricks Research Ready to Move Price Index Key Developers based on active listings 10,000 "After a prolonged DLF 1 9,000 stagnation, Gurugram's Emaar India 2 M3M India 3 t residential prices have f q S 8,000 Unitech Group 4 r shown improvement in e p 5 R the last two quarters" CGHS N I e 7,000 Vatika Group 6 c i r P Ireo Management 7 e g a r 6,000 Godrej Properties 8 e v 5 Year A Change Bestech Group 9 5,000 YoY QoQ TATA Housing 10 4 5 6 7 8 9 0 1 1 1 1 1 1 2 2.0% 0.1% 1.6% 0 0 0 0 0 0 0 2 2 2 2 2 2 2 The above table represents the top developers by share of Notes: active listings on Magicbricks website in Q1 2020 1. Ready to move price index represents the weighted average price of completed properties on Magicbricks website as on March 2020 Source: Magicbricks Research 2. The trend line represents the average prices of dominant asset class in each locality of the city. Source: Magicbricks Research Key Projects based on consumer Under Construction Price Index " The searches 10,000 Under-Construction Tulip Lemon Sector 69 9,000 segment has a 0.7% Uppal Southend Sector 49 t f q Ansal Esencia Sector 67 S YoY fall in prices even r e 8,000 p though it witnessed a Tata Primanti Sector 72 R N I significant 2.4% QoQ DLF Magnolias Sector 42 e c i r 7,000 P growth” Godrej Summit Sector 104 e g a r Essel Towers M G Road e 6,000 v A 5 Year M3M Golf Estate Sector 65 Change YoY QoQ 5,000 Suncity Avenue 102 Sector 102 4 5 6 7 8 9 0 1 1 1 1 1 1 2 3.5% -0.7% 2.4% 0 0 0 0 0 0 0 Vipul World Sector 48 2 2 2 2 2 2 2 Note: Note: 1. Under-construction price index represents the weighted average price of under-construction properties on Magicbricks website as on March 2020 The above table represents the top projects by consumer 2. The trend line represents the average prices of dominant asset class in each locality of the city. preference on Magicbricks website in Q1 2020 Source: Magicbricks Research Source: Magicbricks Research Average changes in prices for localities in various price segments Key Trends to Watch Out Price Bracket (INR/sqft) - Delhi-Gurugram-Neemrana-Behror < 5,000 5,000-7,500 7,500-10,000 > 10,000 Urban Complex (SNB) Regional Rapid 4.2% Transit System is expected to complete "The key 'INR in the next 5 years, boosting inter-city connectivity. 7,500-10,000 per sqft' 2.1% -New Gurgaon locality is expected to 1.4% segment in Gurugram 1.2% witness some boost in the residential witnessed decent price market as the construction of Dwarka 0.1% increments in both UC Expressway is in full swing. -0.3% and RM segments" -Extension of the Gurugram metro to link with the Old Gurgaon is expected to -1.6% -1.7% shift some demand to the old Gurgaon sectors. RM UC RM UC RM UC RM UC Note: Above table represents the price changes for Ready to move (RM) and Under construction (UC) properties on Magicbricks website in Q1 2020 for various price buckets Source: Magicbricks Research © magicbricks.com Page 1 Demand Supply Analysis Gurugram | Jan-Mar 2020 Density norms continue to 3BHKs dominate the landscape squeeze smaller sized apartment supply DEMAND SUPPLY 1 BHK 1 BHK Above 3 BHK 9% Above 3 BHK 2% In Gurugram, 3 BHK configuration continues to 19% 2 BHK 2 BHK 26% dominate the residential market as density 18% 25% norms restrict developers from constructing smaller apartments, resulting in the current glut being faced by the market. " As a result, Gurugarm faces a 3 BHK 3 BHK 47% 54% supply-demand mismatch in 'less than INR 5000 per sqft' Notes: segment, 1. Demand represents property searches on Magicbricks website during Q1 2020, segregated by Bedroom, Hall, Kitchen (BHK) configuration 2. Supply represents active listings on Magicbricks website during Q1 2020, segregated by BHK configuration which is getting 37% of the Source: Magicbricks Research consumer searches but has only 24% of the city's residential supply" Mid and affordable segment demand to drive activity - Similarly, 1 BHK homes form only about 10% of the demand, while the supply in this segment is DEMAND Price buckets in INR per sqft SUPPLY Price buckets in INR per sqft almost negligible > 10,000 > 10,000 11% 15% < 5,000 - Employment hubs like Sohna Road and Golf < 5,000 24% Course Extension continue to be in demand 7,500-10,000 37% amongst the buyers. 18% - Announcement of metro connectivity to Old Gurgaon has led to an increase in consumer 7,500-10,000 interest in the region. 24% 5,000-7,500 5,000-7,500 34% 38% . Notes: 1. Demand represents property searches on Magicbricks website during Q1 2020, segregated by price buckets 2. Supply represents active listings on Magicbricks website during Q1 2020, segregated by price buckets Source: Magicbricks Research Top Micromarkets by consumer Propensity of demand and supply in terms of searches and Demand/Supply Demand searches listings by localities Micro-Market Price Range Rank Rank Q1-20 Q4-19 Sohna Road 4700 - 10950 1 1 New Gurgaon 2500 - 8450 2 2 Golf Course Extn 4150 - 12500 3 3 Palam Vihar DLF Phase 1 - 5 6750 - 14900 4 4 Old Gurgaon 2650 - 10950 5 6 Sector 103 Golf Course Road 4900 - 26600 6 5 Sushant Lok 2 & 3 4800 - 8550 7 7 Sector 4 Sector 102 Sector 14 Note: 1. Top micro-markets of the city, ranked by number of searches on Magicbricks in Q1 2020 2. Price ranges represent the range of avg locality prices in the South City 1 micromarket in INR per sqft. Source: Magicbricks Research Sector 37D Top Micromarkets by active listings Sector 33 Micro-Market Price Range Rank Rank Q1-20 Q4-19 Sector 92 Golf Course Extn 4150 - 12500 1 1 Sohna Road 4700 - 10950 2 2 New Gurgaon 2500 - 8450 3 3 Sector 82A Sector 70A Sector 67 Golf Course Road 4900 - 26600 4 4 Dwarka Expressway 2700 - 9050 5 5 Sushant Lok 2 & 3 4800 - 8550 6 7 Sector 79 DLF Phase 1 - 5 6750 - 14900 7 6 © OpenStreetMap contributors Note: Note: 1. Top micro-markets of the city, ranked by their active listings on 1. Above map depicts the key localities of the city, with the size of the bubble depicting demand (consumer preference) /supply (active listings) for Magicbricks in Q1 2020 properties in the localities on Magicbricks website in Q1 2020 2. Price ranges represent the range of avg locality prices in the 2. This is an interactive map available on Magicbricks.com under Propindex section. micromarket in INR per sqft. Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard. Source: Magicbricks Research Source: Magicbricks Research © magicbricks.com Page 2 Price Analysis Gurugram | Jan-Mar 2020 Q1 2020 Price changes for the city's major localities Sector 108 -7.5% Sector 22 Sector 107 Palam Vihar -1.7% -0.4% -5.3% DLF City Phase 2 6.6% Sector 104 Sector 102 0.7% 0.4% Sector 7 -1.3% Pataudi Road Sector 33 Sector 52 Sector 88A -2.1% 0.1% -1.0% -7.5% Sector 56 2.9% Sector 92 Sector 59 7.0% Sector 91 -1.2% New Gurgaon 1.9% Sector 63 Sector 69 -1.2% -7.5% 0.4% Sector 77 Sector 70A Sector 67 © OpenStreetMap contributors 0.5% 3.5% -0.2% Note: -7.5% 7.5% 1. Size of the bubble depicts demand, measured by volume of property searches in localities in Q1 2020 2. Color of the bubble represents price change in Q1 2020, with green color representing price increase and red color price decrease. -5% -2.5% 0% 2.5% 5% 3. This is an interactive map available on Magicbricks.com under Propindex section. Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard. -Most of the peripheral localities of Gurugram, such as New Gurgaon and Golf Course Extension witnessed a price increase in Q1 2020. -Sectors along the Dwarka Expressway also witnessed price increments in Q1 2020 as Expressway's completion draws near.
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