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PropIndex | Magicbricks Pune Jan-Mar 2021 Residential Market Insights Market Dynamics Parameters India Pune Under-construction segment leading recovery in Pune Demand+ -14.0% -16.4% With the economy gradually entering into a revival mode post the COVID-led downturn, construction activities are Supply++ 7.7% 14.1% back on track in the city, helping the supply of homes in Pune grow 14% QoQ in Q1 2021, as compared to the national Price Index+++ 1.2% 1.1% supply growing at ~8% in the same period. Notes: Further, as the government and the industry stepped in to help the ailing real estate sector, various sops including Above parameters represent QoQ change in Q1 2021 at India and city level 50% reduction in construction premiums payable by developers, low home loan rates, discounted pricing and flexible + change in volume of property searches payment plans offered by developers, and absorption of 1% stamp duty (payable by buyers) by the developer ++ change in volume of active listings +++ change in the average price of UC and RM properties members of CREDAI helped in boosting the supply-side as well as the demand-side dynamics. Source: Magicbricks Research Ready-to-move Price Index Key Developers based on active listings 8,000 "Ready-to-move (RM) Kolte Patil Developers 7,500 t Marvel Realtors f segment grew by q s r Godrej Properties e 7,000 ~1% QoQ, which p R Kumar Properties N I remained flat in Q4 e VTP Realty c 6,500 i r 2020" P Goyal Ganga Group e g a 6,000 r Pride Purple Properties e v A 5,500 Goel Ganga Developments 5 Years YoY QoQ Majestique Landmarks 5,000 Rohan Builders & Developers 7 8 9 0 1 2 1 1 1 2 2 2 3.1% -0.9% 0.9% 0 0 0 0 0 0 2 2 2 2 2 2 Notes: Note: The above table represents the top developers by 1. Ready-to-move price index represents the weighted average price of completed properties on Magicbricks website as on Mar 2021 share of active listings on Magicbricks website in Q1 2. The trend line represents the average prices of dominant asset class in each locality of the city. Source: Magicbricks Research 2021 Source: Magicbricks Research Under Construction Price Index Key Projects Project Name Locality 8,000 "Under-construction Nanded City Sinhagad Road 7,500 (UC) segment prices t f q Xrbia Hinjewadi Hinjewadi s r surpassed pre-COVID e 7,000 Rohan Mithila Viman Nagar p R levels posting 1% N I Paranjape Blue Ridge Hinjewadi e 6,500 c growth in Q1 2021" i r Western Avenue Wakad P e g 6,000 Amanora Neo Towers Amanora Park Town r e v A Lodha Belmondo Mumbai Pune Hwy 5,500 5 Years YoY QoQ Raheja Vistas NIBM Road 5,000 Kingston Avenue Pimple Saudagar 7 8 9 0 1 2 7.9% 1.0% 1.2% 1 1 1 2 2 2 0 0 0 0 0 0 Park Royal Pimple Saudagar 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 Mar 2021 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 2021 Source: Magicbricks Research Source: Magicbricks Research Average changes in prices for localities in various price segments In the News < 5,000 5,000-7,500 7,500-10,000 > 10,000 1. The Maharashtra Government announced a 1% concession in Stamp 2.2% Duty payable on the sale of property, for female buyers. This would 1.6% "Both the UC as well as encourage females to buy property and 1.3% registr in their names. 1.1% 1.1% RM properties 0.9% witnessed price 2. Pune secured second position in the Ease of Living Index 2020 released by 0.3% increments across most the government. This could help Pune of the price segments" garner real estate investments in the near future owing to a better quality of life offered by the city. -0.3% 3. Pune Municipal Corporation RM UC RM UC RM UC RM UC announced a 15% discount in property Note: tax for 2021-22, to those who have Above table represents the price changes for Ready-to-move (RM) and Under construction (UC) properties for dominant asset classes in each locality under various price paid tax for 2020-21 before 30 Sept buckets (INR per sqft) as on Mar 2021 Source: Magicbricks Research 2020. © magicbricks.com Page 1 Demand Supply Analysis Pune | Jan-Mar 2021 Smaller units back in demand 1 BHK configuration registered a growth in demand as well as supply Following a continuous decline in the demand DEMAND SUPPLY share of 1 BHK units, from 28% in Q1 2020 to 14% in Q4 2020, 1 BHK units saw a 5% QoQ growth in Above 3 BHK 1 BHK Above 3 BHK 1 BHK demand as well as supply in Q1 2021 5% 19% 5% 16% 3 BHK 3 BHK "1BHKs witnessed a rise in 30% 27% demand after more than a year" - Consequently, the demand share of mid-sized and bigger homes including 2 and 3BHKs declined from 81% in Q4 2020 to 76% in Q1 2021. However, 2 BHK 2 BHK these configurations still make up the majority of 46% 52% demand as well as supply. Notes: 1. Demand represents property searches on Magicbricks website during Q1 2021, segregated by Bedroom, Hall, Kitchen (BHK) configuration - Further, it is uncertain to say if the demand for 2. Supply represents active listings on Magicbricks website during Q1 2021, segregated by BHK configuration higher configuration homes such as 3 BHKs and Source: Magicbricks Research above is here to stay, as early trends suggest that with the end of WFH demand for smaller configuration is slowly picking up. Localities priced between INR 5,000- 7,500 per sqft continued to be most in-demand - As per Magicbricks data, high demand for localities priced between INR 5,000-7,500 per sqft DEMAND SUPPLY such as Hadapsar, Wakad, Kondhwa-Wanwadi, > 10,000 > 10,000 < 5,000 Hinjewadi, Akurdi, and Kharadi continued in Q1 < 5,000 7% 7,500-10,000 4% 16% 2021 as well. 18% 7,500-10,000 20% 22% - This high demand and supply of mid-range homes is majorly ascribed to their proximity to industrial and IT hubs, along with other key factors such as better civic infrastructure, healthcare facilities, and public transport than those available in cheaper localities in the periphery. 5,000-7,500 5,000-7,500 53% 60% Notes: 1. Demand represents property searches on Magicbricks website during Q1 2021, segregated by price buckets 2. Supply represents active listings on Magicbricks website during Q1 2021, segregated by price buckets Source: Magicbricks Research Top Micromarkets by Consumer Searches Propensity of demand and supply in terms of searches and listings Demand/Supply by localities Supply Micro Market Price Range Rank Rank Q1-21 Q4-20 Ganesh Nagar Chikhali Shikrapur Airport Road 5500-11900 1 1 Dehu Road Shirgaon Paud Road 4800-12500 2 6 Jadhav Wadi Alandi Talegaon Dhamdhere Baner 5300-9500 3 2 Gahunje Spine Road Sanaswadi Borade Vasti Chovisawadi Wakad 5200-7900 4 3 Nigdi Pradhikaran Koregaon Bhima Hadapsar 5100-10000 5 4 Akurdi Pimple Saudagar 4700-8500 6 9 Bhosari Pimpri Lonikand Chinchwad Gaon Charholi Budruk Kondhwa-Wanwadi 4400-10100 7 5 Vallabh Nagar Dighi Note: 1. Top micro-markets of the city, ranked by number of searches on Magicbricks in Q1 2021 Kasarwadi 2. Price ranges represent the range of avg locality prices in the Bhopkhel micromarket in INR per sqft. Alandi Road Source: Magicbricks Research Dapodi Lohgaon Wadebolai New Sangvi Top Micromarkets by active listings Hinjewadi Phase 3 Bopodi Kesnand Khadki Micro Market Price Rank Rank Chande Bhosale Nagar Range Q1-21 Q4-20 Sus Chavan Nagar Airport Road 5500-11900 1 1 Bund Garden Road Pashan Baner 5300-9500 2 2 Manjri Hadapsar 5100-10000 3 3 Rasta Peth Kasar Amboli Wakad 5200-7900 4 4 Camp Mulshi Bhugaon Paud Road 4800-12500 5 8 Bhukum Wanawari Hinjewadi 3900-6900 6 5Urawade Uruli Kanchan Giridhar Nagar Loni Kalbhor Yavat Ravet 4700-6700 7 6 Phursungi © 2021 Mapbox © OpenStreetMap Wadgaon Budruk Bibwewadi Note: 1. Top micro-markets of the city, ranked by their active listings on Note: Magicbricks in Q1 2021 1. Above map depicts the key localities of the city, with the size of the bubble depicting demand (consumer preference) /supply (active listings) for 2. Price ranges represent the range of avg locality prices in the properties in the localities on Magicbricks website in Q1 2021 micromarket in INR per sqft. 2. This is an interactive map available on Magicbricks.com under Propindex section. Source: Magicbricks Research Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard. Source: Magicbricks Research © magicbricks.com Page 2 Price Analysis Pune | Jan-Mar 2021 Q1 2021 | Price Changes in Key Localities Talegaon Dhamdhere Gahunje Spine Road Sanaswadi 7.5% Chovisawadi Charholi Nigdi Pradhikaran Koregaon Bhima Bhosari Lonikand Chinchwad Gaon 2.6% Charholi Budruk 0.6% Kalewadi Vallabh Nagar Dighi -2.3% Kasarwadi Bhopkhel Alandi Road Dapodi Lohgaon Wadebolai 0.1% New Sangvi Hinjewadi Phase 3 Kesnand 1.0% Bopodi Khadki Yerawada Chande Bhosale Nagar Sus Chavan Nagar 0.6% Bund Garden Road Pashan 3.8% Hanuman Nagar Manjri Rasta Peth 1.1% Kasar Amboli Pirangut Camp Mulshi 1.1% Bhugaon Bhukum -1.4% Shewalewadi Urawade Uruli Kanchan GirWidahrajer Nagar Udyog Nagar Loni Kalbhor -0.3% -1.6% Yavat Phursungi 0.0% Narhe Dhankawadi © 2021 Mapbox © OpenStreetMaKpondhawe-Dhawade -4.0% 7.5% Note: 1.