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REALTY SNAPSHOTS CHENNAI RESIDENTIAL: TOP MICRO MARKETS FY’16 Key Insights South and South-West micro-markets have been the top performers in the city on the basis of absorption and launches, accounting for nearly 63% of the total sales and 52% of the total launches in the city during FY’16

Perumbakkam, Guindy, Tambaram and Karapakkam have emerged as the top performing localities due to consistently high absorption and low inventory overhang

West micro market has been the top performer in terms of annual price appreciation followed by Central and South-West micro markets

Madambakkam, in the South-West micro market, is poised for higher growth in short to medium term with relatively afford- able average price of around Rs. 4,000 per sq.ft., low inventory overhang of 20 months and a high livability score of 90

Pallavaram-Tambaram belt, in South-West Chennai, continues to gain prominence in terms of residential demand, due to its proximity to both Old Mahabalipuram Road (OMR) and Grand Southern Trunk Road (GST)

Alandur and Guindy have emerged as the most promising locations with low inventory overhang levels of 10 months and 6 months respectively; Proximity to IT/ITeS hubs, improved connectivity and upcoming commercial developments have been key factors for the same

Eight out of the top 15 localities in Chennai belong to the South Chennai micro-market, owing to their proximity to the major IT/ITeS hubs situated along OMR and GST; The employees working in and around the employment hubs situated in the vicinity of OMR and GST have been the major contributors to the residential demand in the region

Chennai Metro is likely to have a positive impact on the performance of localities in OMR, which includes Perumbakkam, Sholinganallur, Navallur and Karapakkam

Page 01 REALTY SNAPSHOTS Chennai Fact File BigInfra Push IT/ITeS Industry - Driving Growth Major Manufacturing Hubs Popularly known as the ‘Gateway to Chennai Metro – Phase 1 of Chennai Chennai features among the top Prominent manufacturing sectors South India’, Chennai is one of the exporters of software products and metro comprising a length of 45 km, include Auto & Auto-ancillary, Electronics major economic centers of India services costing Rs.14,600 crore, is expected Hardware, Leather & Textile to be complete by the year 2016 Chennai Metropolitan Region is Major contributors to IT/ITeS exports - spread over an area spanning 1,189 A 10.1 km Alandur - Koyambedu Infosys, TCS, Cognizant, Wipro, HCL, Chennai has a major chunk of India’s sq.km. stretch has initially been opened for public on Jun’15 Polaris, Sutherland, Accenture and automobile manufacturing industry, with Oracle 4th largest metropolitan city in India an annual installed capacity to produce by population as per census of 2011 Peripheral Ring Road – A 162 km 12.8 lakh cars and 3.5 lakh commercial Major IT landmarks – DLF IT Park, long road connecting Mammallapur- vehicles. The city accounts for ~60% of Ascendas International Tech Park, Economy is mainly driven by indus- am with Ennore to be developed at a India’s automotive exports tries such as IT/ITeS, BFSI, Manufac- cost of Rs.11,000 crore offering coast Siruseri IT Park, Mahindra World City Key players include Ford, Hyundai, turing, Healthcare, Logistics & to coast connectivity and Tidel Park Warehousing The proposed road would connect Daimler, Renault-Nissan, BMW and Ennore Port in the north and 4th largest employer in the IT/ITeS Mitsubishi 6th largest city by GDP, Chennai Poonjeri junction near Mamallapur- sector of India Also, comprises over 350 large auto contributed $66 billion to India’s am in the south component manufacturers accounting GDP for the year ended 2011 for ~35% of India’s auto component Chennai-Bangalore Industrial production Corridor – An upcoming mega Demographic Indicators infrastructure project, costing (Census 2011) Rs.12,000 crore, is being developed Hitech SEZ in Sriperumbudur Industrial to enhance the industrial production Park, spread over 571 acres, is host to a Population (million) 8.6 number of electronics hardware manu- Expansion of ECR – A 554 km long facturing ﬁrms. Major players include East Coast Road from Chennai to Male (million) 4.36 Samsung, Foxconn, TESSOLVE, Kanyakumari would be made four lane at an outlay of Rs.10,000 crore Flextronics, Motorola, SPEL Semicon- Female (million) 4.29 ductors, Dell Computers, Jabil, Salcomp Mono Rail - Proposed during the Sex Ratio (per ‘000) 985 2001-06 regime of the AIADMK, the Leather and Textile industry has its base project still seems to be in the initial in the Footwear SEZ in Sriperumbudur Average Literacy (%) 90.2 stage

Page 02 REALTY SNAPSHOTS Micro Markets Rankings Micro Markets Ranked on Absorption

1 2 3 4 5 5 North 43 | 5,017 | 5% South South West Central West North

West 4 2 Central Micro Markets Ranked on % Price Change 36 | 4,655 | 16% 23 | 12,691 | 16% 1 2 3 4 5

West Central South West North South 3 South West 32 | 3,877 | 27% 1 South 36 | 5,137 | 36% Micro Markets Ranked on Livability Score

1 2 3 4 5

Central West North South South West

R Micro Markets ranked on Absorption, Launches, Inventory Overhang and Livability Score Inventory Overhang (Months) | Wt. Avg. Absorption Price (Rs./sq.ft.) – Mar’16 | % Contribution in Unit Sales (FY’16) Rank

Micro market Absorption Launches Inventory Overhang Livability Score % Price Change It is deﬁned as zonal division of a city, Sales during New launches No. of months required for the Weighted average evaluation of the Mar, 2016 over Mar, 2015 arrived as an aggregate of localities within FY’16. during FY’16. unsold units to be completely social infrastructure in a given region, a deﬁned geographical boundary or on the sold off at the current rate of comprising educational institutions, basis of similar real estate characteristics. absorption. health care and retail outlets.

Overall micro market ranking is based on the weighted average of four parameters for each micro market: Absorption, Launches, Inventory Overhang and Livability Score in accordance with their positive/negative correlation with the overall health of the micro market.

Note: Period of analysis Apr’15 - Mar’16 Page 03 REALTY SNAPSHOTS Top - 15 Localities

Anna Nagar 10 50 | 11,177 | 92

KK Nagar 12 17 | 10,133 | 94

5 Alandur Guindy 10 | 7,453 | 91 2 6 | 8,349 | 87 Kolapakkam 15 27 | 4,333 | 83 Perungudi 9 40 | 7,289 | 87 Velachery 13 28 | 7,659 | 91 Chromepet 14 38 | 4,915 | 89 Pallikaranai 11 35 | 5,408 | 88 Tambaram 3 30 | 4,238 | 84 Karapakkam 4 22 | 5,272 | 79

Sholinganallur Madambakkam 8 42 | 5,005 | 78 6 20 | 4,066 | 90

Perumbakkam Navallur 1 25 | 3,836 | 80 7 48 | 4,196 | 72

R Locality Inventory Overhang (Months) | Wt. Avg. Absorption Price (Rs./sq.ft.) – Mar’16 | Livability Score Rank Overall locality ranking is based on the weighted average of four parameters for each locality: Absorption, Launches, Inventory Overhang and Livability Score in accordance with their positive/negative correlation with the overall health of the locality.

Note: Period of analysis Apr’15 - Mar’16 Page 04 REALTY SNAPSHOTS

Micro Market Localities

Alandur, Injambakkam, Kalpakkam, Karapakkam, Kelambakkam, Kovilambakkam, Madipakkam, South Mahabalipuram, Medavakkam, Moolacheri, Muttukadu, Navallur, Neelankarai, Padur, Palavakkam, Pallikaranai, Perumbakkam, Perungudi, Sholinganallur, Thalambur, Kodur, Thirukkazhukundram, Thiruporur, Thiruvanmiyur, Thiruvidandhai, Thoraipakkam, Uthandi, Velachery

Acharapakkam, Chengalpattu, Chromepet, Gowrivakkam, Guduvancheri, Kanchipuram, Perungalathur South West Madambakkam, Madurantakam, Maraimalai Nagar, Nallambakkam, Nanganallur, Oragadam, Pammal Padappai, Pallavaram, Kundrathur, Singaperumal Koil, Tambaram, Thandalam, Urapakkam, Vandalur

Abiramapuram, Adyar, Alwarpet, Aminjikarai, Anna Nagar, Arumbakkam, Ashok Nagar, Besant Nagar, Choolaimedu, Egmore, Gopalapuram, Guindy, K K Nagar, Kilpaukkam, Kodambakkam, Korattur, Central Kotturpuram, Koyambedu, Mandavelipakkam, Mogappair, Mylapore, Nandanam, Nungambakkam, Padi, Purasaiwakkam, Raja Annamalai Puram, Royapettah, Saidapet, Teynampet, Thiyagaraya Nagar, Vadapalani, Virugambakkam, West Mambalam

Arakkonam, Avadi, Iyappanthangal, Kolapakkam, Manapakkam, Mevalurkuppam, Mugalivakkam, West Nandambakkam, Poonamallee, Porur, Ramapuram, Sriperumbudur, Thiruverkadu, Tiruvallur, Valasaravakkam

North Ambattur, Ayanavaram, Kolathur, Madhavaram, Manali, Perambur, Ponneri, Puzhal, Royapuram, Tiruvottiyur, Tondiarpet, Villivakkam, Vyasarpadi

ANURAG JHANWAR, MRICS SUNIL MISHRA Head – Consulting and Data Insights Chief Business Oﬃcer - Primary Business & Developer Solutions [email protected] [email protected] +91 - 99678 49666 +91 - 90044 40011

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