HYDERABAD FOREWORD

PropIndex has completed three years now. Over this period, we’ve accumulated a wealth of data/analytics on price/locality trends and market performance. As the Indian property buyer gets more focused on returns from investment, we hope the data provided here, helps you in making informed property decisions. Use d in tandem with the host of advisory services available online at advice.magicbricks.com, the effort is to make this a one-stop shop for all your property queries, requirements and information. The year 2014 started with anticipation among real estate stakeholders concerning the 16th general elections in the country. These Lok Sabha elections have kept the Indian Real Estate Market in the wait and watch mode. This is reflected in the National Property Index with a mere 1 per cent change in the Jan-Mar 2014 quarter. City index values too remained intact and ranged between minus 1 to plus 3 per cent. The formation of new government is expected to infuse fresh life into the real estate market and improve home buyers sentiments. In the current quarter, property markets remained sluggish. However, robust demand from end-users arrested any significant change in property values. We have observed few finds from the current report:

Key Findings l Across the country, capital markets have remained passive while rental markets have flourished. l Demand patterns across cities remained more or less in line with the previous quarter with the mid-budget range of Rs 30-50 lakh remained the most preferred category, especially in Bangalore and Pune. However high end properties remained more in demand in Gurgaon and Mumbai. l Premium luxury properties remained oversupplied across cities despite a robust demand of over 20%. l Mumbai topped the chart with maximum demand for properties worth Rs 1 crore and above, followed by Delhi and Gurgaon. l Slower demand for property forced sellers to negotiate between 5-15 per cent on the asking values. In this issue we have incorporated Greater Noida as an independent city which has recorded growing demand for residential properties, offering huge options in the affordable ranges. Do write in at [email protected] and share your views on this report and how we could make PropIndex even better. Sudhir Pai Business Head, Magicbricks.com VOL 3, ISSUE 4; JAN-MAR, FY 2013-14 propindex.magicbricks.com

NATIONAL PROPERTY INDEX (NPI) JAN-MAR 2014

n Capital markets across cities were stable while rental markets were active with considerable demand and rise in values n The preferred localities in different cities remained unchanged since the Oct-Dec 2013 quarter n Consumer demand slowly and steadily moved towards the mid-segment category. Demand inched up in the luxury category which remained JAN-MAR 2014 oversupplied.

With buyer sentiments down across the country and everyone awaiting the general elections, the common consensus is against buying property. Due to the resolving of the This has resulted in people opting for rental accommodation as opposed to issue, the capital values in buying their own home. This is the prime reason that held the growth of almost 70 per cent of the localities in the National Property Index (NPI). It rose by 1 per cent in the witnessed a rise of Jan-Mar 2014 quarter. NPI is a weighted average of supply and values 1-5 per cent. This, combined with across 11 cities in . During the Jan-Mar 2014 quarter the city index increased supply, pushed up the City value was found to be in the range of minus 1 to plus 3 per cent. Index by 3 per cent during the Jan-Mar 2014 quarter. The rise in capital values also pushed up the Listed Price Monitor by 3 per cent.

TOP YIELD GROSSERS

Gross yield is a ratio of average annual rental value to the average capital value of the property in the current quarter. Below is the top yield-grossing locality in the city. Locality Gross yield Hyderabad, Manikonda 4.85%

CAPITAL GAINS

It indicates the locality recorded maximum increase in the capital value in the current quarter.

Locality % Change Hyderabad,Padamrao Nagar 5.30% HYDERABAD propindex.magicbricks.com 02 VOL3, ISSUE 4; JAN-MAR, FY 2013-14

PROPINDEX - HYDERABAD Editorial Despite all the commotion around the Telengana issue the Hyderabad residential property market witnessed minor change in values. The Hyderabad City Index rose marginally during the Jan-Mar 2014 quarter and the Price Monitor rose by 3 per cent. Almost 60 per cent of the localities witnessed marginal change in demand in Hyderabad, heralding a buyers’ market. Areas located primarily in core Hyderabad reported sharp change in property values, while several others marked as upcoming by the industry The City Index of Hyderabad rose by 3 per cent in the Jan-Mar players have recorded a slight change 2014 quarter, as compared to Oct-Dec 2013 quarter. The Price in the Jan-Mar 2014 quarter. This Monitor also rose by 3 per cent. With upcoming localities in the resulted in the City Index rising outskirts reporting a marginal change, the NPI for the city saw marginally. a rise of 1 per cent. Places like and , located close to the IT/ITeS industry witnessed a drop in property values. Proximity to the congested ORR is one Key Takeaways of the reasons for this trend. l With the bulk of properties left its impact on the capital A closer look at the Hyderabad market witnessing a minor change in values. , revealed some interesting trends. For instance, the supply and demand were values, the Hyderabad City and have recorded evenly balanced in the Rs 40-60 lakh, Index rose marginally during increased capital values in the Rs 60-100 lakh and in the Upto Rs 20 the Jan-Mar 2014 quarter current quarter lakh categories. However, the city witnessed a maximum demand l Over 60 per cent of localities l With continued ongoing (40%) for houses in the Rs 20-40 witnessed marginal change in Telegana agitation and the lakh category while the supply stood demand in Hyderabad, impending elections, prices in at a mere 26 per cent. heralding a buyers’ market Hyderabad have not grown As expected, supply in the significantly. This has resulted l While localities in core Rs 1 crore and Above segment was in consumers viewing it as a much higher than the demand. Hyderabad showed sharp buyers’ market change in prices, several others The demand for multi-storey previously marked as upcoming, l The buyer demand shifted from apartments was the maximum in the recorded a slight change. This 2BHK to 3BHK units. Maximum city at 56 per cent, almost well resulted in the City Index rising properties delivered were in matched with a supply of 52 per cent. only marginally the 3BHK segment, within the Except for localities like Madinaguda, budget range of Rs 70-80 lakh and a few other l Localities like , the and above places which recorded a drop in rental financial district of Hyderabad, values almost all the localities tracked recorded a marginal rise in l In the super luxury segment of recorded a significant increase. property values Rs 1 crore and Above, market A more in-depth analysis throws up offerings included villas and some interesting figures. While l Places like Nizampet and independent high-end homes Miyapur, despite the presence of 60 per cent of the total localities located in areas in and around tracked witnessed only a marginal rise the IT/ITeS industry and , , in rental values, a few like Hitech City, proximity to Gachibowli, Madhapur and Gachibowli Gachibowli, KPHB Colony and witnessed a drop in property Madhapur reported significant values. Proximity to the l With several developers focusing increase in values in the congested ORR is the reason for on the luxury segment, the Jan-Mar 2014 quarter. this trend in this quarter market witnessed an oversupply. Going forward, the upcoming 2014 The prices of these offerings elections are expected to bring political l The under-construction metro to ranged from Rs 2-3 crore to stability and thereby, a boost to the run across various zones, has Rs 4-6 crore real estate market. VOL3, ISSUE 4; JAN-MAR, FY 2013-14 03 propindex.magicbricks.com HYDERABAD

LISTED PRICE MONITOR RENT MONITOR

3% l Approximately 60 per cent micromarkets in l Except for Madinaguda, Srinagar Colony and a few Hyderabad have reported marginal change in prices other places which recorded a drop in rental values almost all localities tracked recorded an increase l Areas such as Jubilee Hills, and registered no change in the previous quarter l Approximately 60 per cent of the total localities tracked witnessed only a marginal rise in rental l Areas like , Gachibowli, Miyapur and values. A few like Hitech City, Gachibowli, KPHB Uppal reported a marginal change in the Colony and Madhapur reported significant increase Jan-Mar 2014 over the Oct-Dec 2013 quarter in values in the Jan-Mar 2014 quarter l Places like Nizampet and Hitech City, due to the l Places like Kondapur and Miyapur with proximity presence of IT/ITeS industry and proximity to to IT hubs and , despite its proximity to Gachibowli, witnessed a marked increase in property city centres, registered only a marginal increase values. This is a notable change as compared to the previous two quarters (Jul-Sep 2013 and Oct-Dec 2013) l High-end residential areas such as Banjara Hills and when the values continued to remain constant certain parts of Madhapur witnessed maximum rise in rental values YIELD METER

Locality Average Rental Average Capital Gross Value (Rs/sqft/mth) Value (Rs/sqft) Yield Jubilee Hills 14.00 6,475.00 2.59% Kondapur 12.75 3,625.00 4.22% Miyapur 9.25 3,075.00 3.61% 10.75 3,475.00 3.71% Banjara Hills 16.00 7,025.00 2.73% Hitech City 14.25 4,350.00 3.93% KPHB Colony 11.75 3,825.00 3.69% Madinaguda 9.75 3,050.00 3.84% Manikonda 10.50 2,600.00 4.85% Gachibowli 15.00 4,000.00 4.50%

l The yield meter ranged from 2.59-4.85 per cent in l Jubilee Hills continued to hold its position at the the Jan-Mar 2014 quarter, a marginal change as bottom of the list in the Jan-Mar 2014 quarter, compared to the 2.61-4.48 per cent recorded in the reporting a gross yield of 2.59 per cent primarily Oct-Dec 2013 quarter. due to a marginal rise in rental values

l Manikonda topped the list with 4.85 per cent, as l KPHB Colony, Kukatpally and Miyapur reported a the highest gross yielder in the Jan-Mar 2014 moderate yield primarily because it witnessed a quarter in comparison to the previous quarter moderate rise in property values for the quarter HYDERABAD propindex.magicbricks.com 04 VOL3, ISSUE 4; JAN-MAR, FY 2013-14

PREFERRED LOCALITIES

SALE RENT

Locality Capital Rank Locality Rental Rank Values Q4 Q3 Values Q4 Q3 Gachibowli 3600 to 4700 1 1 Gachibowli 13500 to 17500 1 1 Kondapur 3350 to 4150 2 2 Madhapur 12000 to 16000 2 3 Miyapur 2850 to 3500 3 3 kondapur 11500 to 15000 3 2 Manikonda 2400 to 2950 4 4 Kukatpally 9500 to 13000 4 7 Kukatpally 3200 to 3950 5 5 Miyapur 8500 to 10500 5 5 Chanda Nagar 2950 to 3550 6 8 KPHB Colony 10500 to 14000 6 4 Hitech City 4000 to 4950 7 7 Manikonda 9500 to 12500 7 10 KPHB Colony 3450 to 4500 8 10 Hitech City 13000 to 16500 8 8 Banjara Hills 6250 to 8400 9 9 Banjara Hills 14500 to 18500 9 6 Madhapur 4300 to 5500 10 - 10000 to 13000 10 9 Note: Q4 Jan-Mar 2014, Q3 Oct-Dec 2013 Note: Q4 Jan-Mar 2014, Q3 Oct-Dec 2013 l Good connectivity and proximity to the IT hubs and l Gachibowli with several financial offices in and financial centres ensured that Gachibowli, Miyapur around the area retained its top slot as the preferred and Kondapur continue to top the list of the most locality for rental housing preferred localities in the last nine months l Madhapur, climbed up one slot displacing Kondapur, l Kukatpally was one of the preferred destinations. to capture the second spot in the Jan-Mar 2014 Continued expectation of completion of several quarter from the third position it held in the projects and handing over of others in the previous quarter. The offered properties were within Jan-Mar 2014 quarter ensured it continued at the a range of Rs 11,500-14,000 per month fifth position in the top ten ratings l The drop in Banjara Hills’ popularity as a preferred l Banjara Hills managed to hold its ninth position in rental destination is largely attributed to it the list, primarily because of its established name as maintaining its high rental values compared to other upcoming areas around the locality in the current quarter l Miyapur and KPHB Colony remained moderately popular rental destinations because of their l KPHB Colony managed to climb back to the top ten location. However, higher rental values and smaller list of the preferred localities in the current interiors kept them from reaching the top of the Jan-Mar 2014 quarter, after having fallen to the homebuyers’ list bottom of the list l Manikonda climbed up to hold the seventh position l Madhapur is the new entrant to the top ten list due in the top ten list of preferred rental localities in the to its rise in property values in the current, Jan-Mar 2014 quarter after having reached the Jan-Mar 2014 quarter bottom of the list in the Oct-Dec 2014 quarter

Growth Number of Localities with Most Active Corridor Projects Maximum Property Residential Projects Typology*

West 67 Gachibowli, Kondapur, 73% Apartment Manikonda, Miyapur, Mokila, Chanda Nagar

North 14 Kompally, Hyder Nagar, 50% Apartment , Saket 39% Independent House"

South 12 , Rajendra Nagar, 49% Apartment Kothur, Shad Nagar 27% Residential Plot"

Above 50% 15-20% 10-15% 5-10% Less than 5% *Percentage of total supply VOL3, ISSUE 4; JAN-MAR, FY 2013-14 05 propindex.magicbricks.com HYDERABAD

EXPERT SPEAK Q&A Developer With the settlement of the Telangan issue the market is upbeat. Customers are willing to close deals for the under-construction projects launched a couple of years ago.

Nagender Rao Several new projects have been announced in Director the last six months. Currently, there is no Empire Meadows Pvt Ltd Ravi Varma oversupply or under supply and customers COO, Perfect Pincode are waiting for the elections to get over. For How will the elections impact and investors and first time buyers it is the right change the dynamics of the city? Stable government will help in gradual time to buy before the prices increase. increase in priceS. Unstable or alliance between parties can help sustain prices. New government policy will be critical as Consultant lots will depend on jobs created and will Hyderabad has state-of-the-art infrastructure boost economic growth. Which localities are you active in? and is the most developed city. It will Hyderabad, Vizag. continue to retain its relevance and Which of these localities see maximum pre-eminence. Over the next six to nine possessions this year? Madhapur, Kondapur, Nalagandla, Appa Sandip Patnaik months, the overall business sentiments are junction, Miyapur, Uppal Managing Director Hyderabad, JLL India likely to remain stable. Investors may find this Who is delivering? period favourable as property valuations are Established New developers Both low and there is potential to capitalize. This developers period offers the best deals for genuine What is the buyers profile? Active age Active NRI/locals: buyers in the property market. group: Profession: NRI 35-60 All R E A L T Y N E W S Are you getting enquiries from buyers? The end to the six-decade-long roar on the state of Telangana has brought about Regular Not very No queries positive sentiments in the real estate market of Hyderabad. Also, Greater frequent Hyderabad Municipal Corporation deciding to pay the compensation to property How many are getting converted to owners losing their land for ongoing projects has brought some cheer. actual transactions? Hyderabad realty to benefit post Telangana 1 out of 15 are walk-ins Hyderabad is the most affordable residential market out of the country’s top seven cities Which BHK segment is popular? of Delhi NCR, Mumbai, Bengaluru, Chennai, Pune and Kolkata. Considering the recent 1 BHK 2 BHK 3 BHK 4 BHK & decision on the formation of a separate state Telangana, the prevailing uncertainties above will fade away. Clarity on this issue is expected to boost the absorption by the end of the year or early 2015, according to a recent survey by Knight Frank India research. Which budget category is popular? n Magicbricks.com Bureau < Rs Rs 25- Rs 50- Rs 75- Above 25 lakh 50 lakh 75 lakh 1crore 1 crore Property owners in Hyderabad to get a raw deal Property owners losing their land for ongoing projects, including Flyover, What type of property is in demand? are set to get a raw deal with regards to compensation with the Greater Hyderabad Apartment Builder floor units Plots Villas Municipal Corporation (GHMC) deciding to give payout as per the old Land Acquisition Act. If the compensation is paid as per the old Act, the affected property owners might Any infrastructure project expected to have to lose 100 per cent solatium on the compensation amount and would get only impact the real estate market in 2014? 30 per cent on it. Roads/ Metro Social Civic n The Times of India, Hyderabad flyover infrastructure amenities To read full story and more news go to www.content.magicbricks.com HYDERABAD propindex.magicbricks.com 06 VOL3, ISSUE 4; JAN-MAR, FY 2013-14

DEMAND - SUPPLY ANALYSIS The Hyderabad market posted maximum demand (40%) for houses of Rs 20-40 lakh each but supply was a mere 26 per cent. On the other hand, supply in the Rs 1 crore and Above was much higher than the demand. Supply and demand were evenly balanced in the Rs 40-60 lakh, Rs 60-100 lakh and Upto Rs 20 lakh categories. Multi-storey apartments constituted 56 per cent of demand with matching supply. Demand for residential houses outstripped supply while the opposite was true of residential plots. Units of 2BHK witnessed maximum demand of 52 per cent, but supply fell short, coming up to only 36 per cent. In the 3BHK and 4BHK and Above categories, supply far outstripped demand.

Budget wise Analysis - City Level Budget wise Analysis l The Rs 20-40 lakh category DEMAND SUPPLY registered a mismatch in the 60 (Oct-Dec 2013) 60 (Oct-Dec 2013) demand (40%) and supply (26%) in (Jan-Mar 2014) (Jan-Mar 2014) the Jan–Mar 2014 quarter. The

) 50 ) 50

% 43 % ( 40 ( Rs 1 crore and above category e e

g 40 g 40 a a t t witnessed 10 per cent demand n n

e e 29 c c r 30 r 30 26 e 24 e 23 against a 23 per cent supply

p 21 p 21

20 20

n n 19 i i 18 20 16 20 s 14 13 s e e 12 12 l r 10 9 10 r The Upto Rs 20 lakh and the u u g g

i 10 i 10

F F Rs 60-100 lakh categories witnessed 0 0 almost matching supply and <20 20-40 40-60 60-100 100 & <20 20-40 40-60 60-100 100 & above above demand. The Rs 40-60 lakhcategory Figures in Rs lakh Figures in Rs lakh witnessed a demand of 24 per cent with a supply of 20 per cent

Property wise Analysis Property wise Analysis - City Level l The residential houses category DEMAND SUPPLY witnessed a demand of 20 per cent, 80 (Oct-Dec 2013) 80 (Oct-Dec 2013) which was under-served by a (Jan-Mar 2014) (Jan-Mar 2014) supply of 12 per cent. The demand ) ) 62 % % ( 56 ( for residential plots, on the other e 60 58 e 60 g g a a 52 t t hand, was 14 per cent, against a n n e e c c r r supply of 21 per cent e e p 40 p 40

n n i i

s s e e l Villas and builder floor apartments r r 21 u 20 u g g i 18 i witnessed almost matching supply F 20 16 F 20 16 14 12 10 77 11 8 and demand. The demand for 3 3 5 1 multi-storey apartments was the 0 0 Multistorey Single Residential Residential Villa Multistorey Single Residential Residential Villa maximum at 56 per cent, matched apartment floor house plot apartment floor house plot by a supply of 52 per cent

BHK wise Analysis - City Level BHK Configuration - City Level l The maximum demand was DEMAND SUPPLY recorded for the 2BHK category at 60 (Oct-Dec 2013) 60 (Oct-Dec 2013) 52 per cent, but this was not 54 52 (Jan-Mar 2014) (Jan-Mar 2014) matched by supply at 36 per cent.

) 50 ) 50

% % 45 The demand for the 3BHK category ( ( 44 e e

g 39 39 g a a was at 39 per cent, while the supply t 40 t 40 38 36 n n e e

c c was a robust 45 per cent r r e e p p

30 30 n n i i

s s l The 4BHK and Above category also e e

r r 18

u 20 u 20 17 g g

i i displayed a mismatch with the F F 10 10 supply at a healthy 18 per cent but 4 6 33 11 the demand was marginal at only 0 0 1BHK 2BHK 3BHK 4BHK & 1BHK 2BHK 3BHK 4BHK & 6 per cent during the current, above above Jan-Mar 2014 quarter VOL3, ISSUE 4; JAN-MAR, FY 2013-14 07 propindex.magicbricks.com HYDERABAD

DEMAND & SUPPLY - South Hyderabad

In South Hyderabad 38 per cent demand was for the Rs 20-40 lakh units but supply lagged at 26 per cent. In the Upto Rs 20 lakh range demand was lower but supply higher at 18 per cent. The Rs 1 crore and Above was oversupplied by more than 100 per cent, while the Rs 60-100 lakh and Rs 40-60 lakh categories were well-matched in demand and supply. There were more residential plots supplied at 35 per cent than in demand at 24 per cent. Multi-storey apartments were more in demand at 41 per cent than in supply at 36 per cent. Similarly, the demand for residential houses outstripped supply.

Budget wise Analysis Budget wise Analysis

l A match in the demand and supply could be observed across the Q3 Q4 Q3 Q4 categories: Upto Rs 20 lakh, Rs 40-60 lakh and Rs 60-100 lakh. The 6 10 18 19 13 Q3 (Oct-Dec 2013) demand and supply for the Upto Rs 20 lakh and Rs 60-100 lakh 16 Q4 (Jan-Mar 2014) categories was in the range of 15-18 per cent. The demand and 19 10 17 21 Rs <20 lakh 17 supply for the Rs 40-60 lakh category was approximately 20 per cent 42 20 Rs 20-40 lakh 30 l The demand was more in the Rs 20-40 lakh category at 38 per cent. 38 Rs 40-60 lakh 26 Supply in this category was low at 26 per cent during the Rs 60 lakh-1 crore Jan-Mar 2014 quarter 25 20 Rs1 crore and above 18 15 l The Rs 1 crore and Above category was over-supplied at 19 per cent, DEMAND SUPPLY against a demand of 10 per cent

Property wise Analysis Property wise Analysis

l The maximum demand of 41 per cent was witnessed for the Q3 Q4 Q3 Q4 multi-storey apartment category against a supply of 36 per cent, a 9 10 14 13 Q3 (Oct-Dec 2013) 5 per cent drop in the Jan-Mar 2014 quarter as compared to the 28 24 32 35 Q4 (Jan-Mar 2014) previous quarter Multistorey apartment 22 24 l The demand in the residential plot category was 24 per cent, Single floor 12 14 whereas the supply was a robust 35 per cent. Conversely, the Residential house 41 41 demand for residential houses was 24 per cent with a supply of 36 40 Residential plot 14 per cent

Villa l Supply and demand for villas and builder floor apartments was

DEMAND SUPPLY matched in the Jan–Mar 2014 quarter. The demand for builder floor apartments was 1 per cent, matched by a 2 per cent supply

BHK wise Analysis BHK wise Analysis

l Though the maximum demand and supply was in the 2BHK Q3 Q4 Q3 Q4 category, there was a mismatch. Where the demand was a robust 7 10 26 27 34 54 per cent, the supply was substantial but limited to 42 per cent 33 Q3 (Oct-Dec 2013) Q4 (Jan-Mar 2014) 27 30 l A converse mismatch was evident in the 4BHK and Above category. 1 BHK The demand was at 10 per cent, whereas the supply in the same was 56 54 2 BHK 27 per cent in the Jan–Mar 2014 quarter 46 42 3 BHK l The 1BHK and the 3BHK categories were almost well-matched in 4 BHK & above supply and demand. The demand and supply for 3BHK units approximated to 30 per cent. The demand for the 1BHK units was

DEMAND SUPPLY 3 per cent, served by a supply of 1 per cent HYDERABAD propindex.magicbricks.com 08 VOL3, ISSUE 4; JAN-MAR, FY 2013-14

DEMAND & SUPPLY - North Hyderabad

In North Hyderabad, maximum demand (44%) and supply (41%) was observed in the Rs 20-40 lakh category. The Upto Rs 20 lakh and Rs 1 crore and Above categories were oversupplied by a 3-4 per cent margin. The supply in the Rs 40-60 lakh category fell short of demand. The Rs 60-100 lakh category was evenly matched. Builder floor apartments and residential plots were oversupplied. The demand for residential houses and multi-storey apartments outstripped supply. The demand and supply of villas was evenly matched. The 4BHK and above category was oversupplied.

Budget wise Analysis Budget wise Analysis

l The maximum demand was in the Rs 20-40 lakh category at Q3 Q4 Q3 Q4 44 per cent. The supply was 41 per cent, increasing by 5 per cent in 7 10 10 9 Q3 (Oct-Dec 2013) the quarter Jan–Mar 2014 over the previous quarter 12 14 13 19 Q4 (Jan-Mar 2014) 21 18 16 Rs <20 lakh l This was followed by the Upto Rs 20 lakh category where the 45 Rs 20-40 lakh demand was 16 per cent, marginally less than supply at 20 per cent 41 44 36 in the Jan–Mar 2014 quarter. Similarly, the Rs 1 crore and Above Rs 40-60 lakh category saw 7 per cent demand and 10 per cent supply Rs 60 lakh-1 crore

23 22 20 Rs1 crore and above l The Rs 40-60 lakh category witnessed a demand of 21 per cent 16 against a supply of 16 per cent. The Rs 60-100 lakh category was DEMAND SUPPLY well-matched in supply and demand

Property wise Analysis Property wise Analysis

l Maximum demand and supply was witnessed in the multi-storey Q3 Q4 Q3 Q4 category. But where the demand was 43 per cent the supply was at 22 20 25 35 Q3 (Oct-Dec 2013) 36 per cent, dropping by 12 per cent in the Jan–Mar 2014 quarter Q4 (Jan-Mar 2014) over the previous quarter 31 31 18 Multistorey apartment 18 l The demand for the residential house category was 31 per cent but Single floor the supply was only 18 per cent, same as the previous quarter. The 48 Residential house 42 43 36 residential plot category recorded a demand of 20 per cent with a Residential plot supply at 35 per cent, which recorded a rise by 10 per cent over the

Villa previous quarter

DEMAND SUPPLY l The builder floor apartments were over supplied, while the supply and demand for villas was well-matched

BHK wise Analysis BHK wise Analysis

l Maximum demand of 49 per cent was observed in the 2BHK Q3 Q4 Q3 Q4 category in the Jan–Mar 2014 quarter, a drop of 5 per cent over the 15 11 40 44 previous quarter. The supply in this segment was 41 per cent 42 47 Q3 (Oct-Dec 2013) Q4 (Jan-Mar 2014) l The 3BHK category witnessed matching demand (44%) and supply 1 BHK (47%), with the supply noting a rise of 5 per cent over the previous 54 49 2 BHK Oct–Dec 2013 quarter 42 41 3 BHK l The demand for the 4BHK and Above category was 5 per cent, 4 BHK & above whereas the supply was recorded at 11 per cent in the Jan–Mar 2014 quarter. The 1BHK category witnessed almost well-matched demand

DEMAND SUPPLY of 2 per cent against a supply of 1 per cent VOL3, ISSUE 4; JAN-MAR, FY 2013-14 09 propindex.magicbricks.com HYDERABAD

DEMAND & SUPPLY - Central Hyderabad

In Central Hyderabad, 44 per cent demand was in the Rs 20-40 lakh category while supply was 25 per cent. The Rs 40-60 lakh category was also in short supply with 20 per cent demand and 12 per cent supply. The Rs 1 crore and Above and Rs 60 lakh and Above categories had more supply than demand. Demand for multi-storey apartments outstripped supply, while supply of builder floor apartments was higher than demand. The supply and demand in the residential plots, residential houses and villa categories was well-matched.

Budget wise Analysis Budget wise Analysis

l Demand of 44 per cent was witnessed in the Rs 20-40 lakh category, Q3 Q4 Q3 Q4 whereas the supply in the same was just 25 per cent, a drop of 6 9 17 18 Q3 (Oct-Dec 2013) 5 per cent in the Jan–Mar 2014 quarter 13 16 Q4 (Jan-Mar 2014) 34 34 20 Rs <20 lakh l 20 Similarly, the demand in the Rs 40-60 lakh category was 20 per cent Rs 20-40 lakh consistent with the previous quarter, while the supply was only 48 12 per cent 44 14 12 Rs 40-60 lakh

30 25 Rs 60 lakh-1 crore l The Rs 1 crore and Above category had a supply of 18 per cent Rs1 crore and above while the demand was a marginal 9 per cent. The supply in the 13 11 11 Upto Rs 20 lakh category was well-matched at 11 per cent with DEMAND SUPPLY demand, an increase of 6 per cent over the previous quarter.

Property wise Analysis Property wise Analysis

l Demand of 74 per cent was in the multi-storey apartment category, Q3 Q4 Q3 Q4 with a supply of 67 per cent. The supply in this category recorded a 6 6 16 Q3 (Oct-Dec 2013) drop of approximately 13 per cent in the quarter Jan–Mar 2014 over 1974 17 12 Q4 (Jan-Mar 2014) the previous quarter 79 11 75 74 Multistorey apartment l The residential house category noted a demand of 17 per cent, 67 Single floor matched by a supply of 16 per cent, a rise of 4 per cent over the Residential house previous quarter. The residential plot category was well-matched in Residential plot supply and demand

Villa l The builder floor category witnessed a demand of 2 per cent.

DEMAND SUPPLY However, the supply was high at 11 per cent, a rise of 8 per cent over the previous quarter

BHK wise Analysis BHK wise Analysis

l The maximum demand and supply was in the 2BHK category, but Q3 Q4 Q3 Q4 where the demand was a consistent and substantial at 57 per cent, 36 39 10 9 the supply was 37 per cent, dropping by 4 per cent over the previous 52 48 Q3 (Oct-Dec 2013) Q4 (Jan-Mar 2014) Oct–Dec 2013 quarter 1 BHK 60 57 l The opposite was true of the 3BHK category. Where the supply was 2 BHK 52 per cent, increasing by 4 per cent, the demand was constant at 39 per cent in the Jan–Mar 2014 quarter 41 37 3 BHK 4 BHK & above l The 4BHK and Above category had a significant supply of 9 per cent with demand a negligible 2 per cent. The 1BHK category

DEMAND SUPPLY was well-matched with 2 per cent demand and 1 per cent supply HYDERABAD propindex.magicbricks.com 10 VOL3, ISSUE 4; JAN-MAR, FY 2013-14

DEMAND & SUPPLY - West Hyderabad

In West Hyderabad, the demand for the Rs 20-40 lakh units was greater but supply was short by 16 per cent. The Rs 1 crore and Above category was oversupplied. The Rs 40-60 lakh witnessed a demand of 27 per cent against a supply of 20 per cent. Multi-storey apartments constituted 64 per cent demand and 62 per cent supply. There was more demand than supply of residential houses, with a difference of almost 9 per cent. There was more supply of villas, residential plots and builder floor apartments than demand. The 2BHK category witnessed a demand of 50 per cent to a supply of 30 per cent.

Budget wise Analysis Budget wise Analysis

l The maximum demand was in the Rs 20-40 lakh category at Q3 Q4 Q3 Q4 38 per cent, whereas the supply was 22 per cent in the Jan–Mar 2014 11 12 26 30 Q3 (Oct-Dec 2013) quarter. Followed by the Rs 40-60 lakh category with demand at 15 Q4 (Jan-Mar 2014) 17 27 per cent and supply at 20 per cent Rs <20 lakh 23 27 22 20 Rs 20-40 lakh l The demand in the Rs 60-100 lakh category was at 17 per cent, with a supply at 20 per cent. Similarly, the Upto Rs 20 lakh was 42 24 20 Rs 40-60 lakh 38 well-matched in supply and demand Rs 60 lakh-1 crore 24 22 Rs1 crore and above l The Rs 1 crore and Above category had a demand of only 12 per cent with the supply substantial at 30 per cent, recording a mismatch in 9 6 8 DEMAND SUPPLY the quarter

Property wise Analysis Property wise Analysis

l The multi-storey apartment category witnessed the maximum Q3 Q4 Q3 Q4 demand (64%) and supply (62%), with the supply increasing by 9 9 11 12 Q3 (Oct-Dec 2013) 10 per cent in the Jan–Mar 2014 quarter over the previous quarter 13 12 10 16 Q4 (Jan-Mar 2014) 12 14 l In the residential house category, where the demand was a 72 Multistorey apartment 65 significant 14 per cent the supply was less than half at only 64 62 Single floor 5 per cent. On the other hand, the residential plot category saw a Residential house demand of 12 per cent with supply at 16 per cent, recording a rise of Residential plot 6 per cent in supply over the previous quarter

Villa l The villa category was oversupplied with a demand of 9 per cent,

DEMAND SUPPLY against a supply of 12 per cent

BHK wise Analysis BHK wise Analysis

l Over 90 per cent consistent demand was observed in the 2BHK and Q3 Q4 Q3 Q4 3BHK categories, while the consolidated supply in both these 6 19 20 42 40 segments was just short of 80 per cent Q3 (Oct-Dec 2013) 49 Q4 (Jan-Mar 2014) 48 l The 2BHK category was short in supply with 50 per cent demand, 1 BHK against a supply of only 30 per cent. On the other hand, the 3BHK 51 50 2 BHK category was oversupplied with a demand of 40 per cent, whereas 3 BHK the supply was 48 per cent in the Jan–Mar 2014 quarter 31 30 4 BHK & above l Similarly, where the demand in the 4BHK and Above category was a marginal 6 per cent, the supply in the same was a healthy 20 per cent

DEMAND SUPPLY in the said quarter VOL3, ISSUE 4; JAN-MAR, FY 2013-14 11 propindex.magicbricks.com HYDERABAD

DEMAND & SUPPLY - East Hyderabad

Maximum supply and demand in East Hyderabad was primarily in the Rs 20-40 lakh category followed by the Rs 40-60 lakh. The Upto Rs 20 lakh category constituted 18 per cent demand with only 23 per cent supply. The Rs 60-100 lakh posted supply of 17 per cent to cater to a smaller demand of 11 per cent. Multi-storey apartments were the in demand category. Residential plots were short in supply by almost 7 per cent. The 2 and 3BHK categories accounted for almost 93 per cent demand and 87 per cent supply. The 4BHK and Above category was oversupplied.

Budget wise Analysis Budget wise Analysis

l Almost 46 per cent demand was registered in the Rs 20-40 lakh Q3 Q4 Q3 Q4 category, while the supply stood at 31 per cent. Both recorded a drop 8 6 11 18 Q3 (Oct-Dec 2013) of 4 and 7 per cent respectively over the previous quarter 17 17 Q4 (Jan-Mar 2014) 20 18 21 48 Rs <20 lakh l In the Upto Rs 20 lakh category, while the supply was 23 per cent, the 38 46 Rs 20-40 lakh demand dropped to 18 per cent in the Jan-Mar 2014 quarter. The 31 Rs 40-60 lakh category was well balanced with a demand of Rs 40-60 lakh 20 per cent and supply of 21 per cent Rs 60 lakh-1 crore 26 21 23 Rs1 crore and above l Significant mismatch was noted in the Rs 60-100 lakh category, with 18 demand at 11 per cent and supply at 17 per cent, similar to the DEMAND SUPPLY previous quarter

Property wise Analysis Property wise Analysis

l Mismatch of more 10 per cent was observed in the demand and Q3 Q4 Q3 Q4 supply of the multi-storey category. The demand in the same was 19 17 7 20 24 Q3 (Oct-Dec 2013) 44 per cent while the supply was 36 per cent, down by 10 per cent Q4 (Jan-Mar 2014) 29 34 l The mismatch could be seen in the residential house category as 24 Multistorey apartment 27 well, with the demand at 34 per cent and the supply at 27 per cent Single floor only. Conversely, the demand for residential plots was 17 per cent 46 44 46 6 Residential house while the supply was a healthy 24 per cent during the Jan–Mar 2014 36 Residential plot quarter

Villa l Builder floor apartments and villas were over supplied by 4 per cent

DEMAND SUPPLY in the current quarter

BHK wise Analysis BHK wise Analysis

l The 2BHK category recorded a substantial demand of 61 per cent, Q3 Q4 Q3 Q4 while the supply was a robust 46 per cent, though noting a 29 32 8 12 35 difference of almost 15 per cent between the two. 41 Q3 (Oct-Dec 2013) Q4 (Jan-Mar 2014) l The 3BHK category witnessed a demand of 32 per cent, whereas the 66 61 1 BHK supply was 41 per cent in the Jan–Mar 2014 quarter 56 2 BHK 46 l The supply in the 4BHK and Above category was noted at 12 per cent 3 BHK but the demand in the same was a negligible 3 per cent only in the 4 BHK & above Jan–Mar 2014 quarter. The 1BHK category recorded a nominal demand of 4 per cent and supply of 1 per cent

DEMAND SUPPLY

HYDERABAD propindex.magicbricks.com 14 VOL3, ISSUE 4; JAN-MAR, FY 2013-14

CAPITAL VALUES – LOCALITY WISE HYDERABAD Average Listed Residential Apartment Prices

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

Alwal 2250 to 2750 LB Nagar 2700 to 3250 Ameerpet 3950 to 4800 Madhapur 4300 to 5500 Appa Junction 3400 to 4000 Madinaguda 2900 to 3300 AS Rao Nagar 2000 to 2550 1550 to 2100 Attapur 2550 to 3150 Manikonda 2400 to 2950 Bachupalli 1950 to 2550 Mehedipatnam 2950 to 3800 Banjara Hills 6250 to 8400 Miyapur 2850 to 3500 Begumpet 4000 to 5000 2550 to 3200 Bodupal 1900 to 2400 Nallagandla 3000 to 3500 Bowenpally 2300 to 2750 3300 to 4250 Chanda Nagar 2950 to 3550 Nandagiri Hills 8150 to 9400 DD Colony 4000 to 4750 Narsingi 3400 to 4050 ECIL 2050 to 2500 Nizampet 2350 to 3150 Gachibowli 3600 to 4700 Nizampet Village 2050 to 2550 Gopanpally 3200 to 3750 Padamrao Nagar 3250 to 3900 3150 to 3800 Pragati Nagar 2200 to 2700 3350 to 3750 Rajendranagar 2800 to 3050 Himayath Nagar 4500 to 5900 Sainikpuri 2300 to 2800 Hitech City 4000 to 4950 Sanatnagar 4050 to 4900 Hyder Nagar 3300 to 3900 Somajiguda 5300 to 7200 Jubilee Hills 5750 to 7800 Srinagar Colony 4150 to 5300 4200 to 5450 3250 to 4250 Kompally 2250 to 2650 2800 to 3200 Kondapur 3350 to 4150 Trimulgherry 2600 to 3000 Kothaguda 3250 to 4050 Uppal 2250 to 2600 Kothapet 3250 to 4400 West 3650 to 4750 KPHB Colony 3450 to 4500 White Field 4600 to 5100 Kukatpally 3200 to 3950 VOL3, ISSUE 4; JAN-MAR, FY 2013-14 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.