March 2020 Source: Magicbricks Research 2

PropIndex | Magicbricks Hyderabad Jan-Mar 2020 Residential Market Insights Market Dynamics Steady residential market growth on the back of solid fundamentals Parameters India Hyderabad

In the ﬁrst quarter of 2020, Hyderabad's housing market remained competitive on all parameters. The consistently Demand+ +5.3% +8.1% outperforming commercial sector in Hyderabad successfully delivered demand in the residential sector. Strong Supply++ -0.8% +5.2% connectivity through the Outer Ring Road and metro rail network have also fueled real estate development in prime Price Index+++ +0.1% +1.4% areas like Gachibowli and Kukatpally. Notes: Above parameters represent QoQ change in Q1 2020 at Developers increasingly focused on peripheral locations like Kompally, Adibatla, Tellapur, and Patancheru, as ORR India and city level + volume of property searches connects them with IT hubs, International Airport, and emerging employment destinations. The demand for new ++ volume of active listings projects by prominent developers with good track record continued to support prices, though the market favored the +++ change in the weighted average price ready segment, where prices have climbed a phenomenal 71% in the last 5 years. Source: Magicbricks Research

Ready to Move Price Index Key Developers based on active listings 6,000 Aliens Group 1 "A rise of 12% YoY and 5,000 Incor Infrastructure 2 1.4% QoQ price growth Aparna Constructions 3 t f f s q indicative of strong s p

4,000 Lansum Etania 4 r e e c i p

r demand in the city" 5 P R Lodha Group

. N I g

v e 3,000 NCC Urban Infra 6 A c i r P SMR Holdings 6 e g a r 2,000 Lanco Hills 8 e

v 5 Year A Change PBEL Developers 9 1,000 YoY QoQ Sumadhura Infracon 10 4 5 6 7 8 9 0

1 1 1 1 1 1 2 71.0% 12.0% 1.4% 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

Under Construction Price Index Key Projects based on consumer "Comparatively lower searches 6,000 price hike for the Sumadhura Acropolis Gachibowli 5,000 under-construction JB Residency Manikonda t f q

s property segment over

f Aliens Space Station Gachibowli r s e p

p 4,000

e the ready to move type, c R Chitrapuri Colony Manikonda i r N I

P with QoQ uptick of . e Karthikeya Apartments Kukatpally c g i v r 3,000 A P 0.4%" NMR Apartments Aminpur e g a r My Home Vihanga Gachibowli e

v 2,000 A 5 Year Lanco Hills Manikonda Change YoY QoQ 1,000 Aarambh Township Chandanagar 4 5 6 7 8 9 0

1 1 1 1 1 1 2 43.2% 3.7% 0.4%

0 0 0 0 0 0 0 My Home Abhra Madhapur 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) - Despite prices increasing 71% in the < 4000 4,000-5,000 5,000-6,000 > 6,000 last 5 years, Hyderabad continues to oﬀer a sizable but shrinking aﬀordable 4.1% "Prices of both RM and housing market ('< INR 5,000 per sqft' segment). Though future price increases UC properties in the in CBD are likely to push demand to 2.2% peripheral localities in north-west 1.8% 2.0% 'less than INR 4,000 per sqft' segment fell in - State government set to increase the 0.4% market value (used to calculate Stamp Q1 2020, while prices Duty), by 10-30%, increasing the cost of for the premium purchase, and may dampen the demand

-0.9% properties rose" - Hyderabad metro Phase II to connect -1.4% the peripheral localities, and likely to -1.8% beneﬁt prominent localities like Alwal, RM UC RM UC RM UC RM UC Patancheru, and Hayatnagar

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

Rapid IT development and relative More than 50 % of property searches performed for 2BHK conﬁguration aﬀordability sustain Hyderabad's residential demand DEMAND SUPPLY

Hyderabad market is fairly balanced in terms of Above 3 BHK 1 BHK Above 3 BHK 1 BHK residential demand and supply. With the 3% 6% 5% 4% majority of the searches being in the 2 and 3 BHK configurations, the consumers are looking 3 BHK for localities with good infrastructure and with 40% affordable properties. 2 BHK "Slight demand-supply mismatch 2 BHK 51% observed for properties in 'less than 56% INR 4,000 per sqft' segment, as Notes: prices continued to climb in the city, 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 shrinking the city's affordability pie" Source: Magicbricks Research

- The proposed Regional Ring Road (RRR) to connect all the outskirt localities of Hyderabad, bringing affordable supply to the city in High consumers preference for affordable property (Price in INR per Sqft) mid-term. This is expected to address the city's increasing demand-supply mismatch for the affordable segment. DEMAND Price buckets in INR per sqft SUPPLY Price buckets in INR per sqft

- Consumers continued to look for aﬀordability > 6,000 in Q1 2020, with more than half of the buyers 19% > 6,000 looking for 2 BHK options. 29% < 4,000 < 4,000 35% - Less than 20% of the city's consumer demand 43% is towards properties costing more than INR 6,000 per sqft, making the city non-conducive 5,000-6,000 for luxury project developments. 14%

- Due to the proximity of main employment hubs, 5,000-6,000 easy access for ORR and metro trains 4,000-5,000 15% 4,000-5,000 connectivity, Miyapur, Gachibowli, Kukatpally, 24% 21%

Hitech City and Kondapur continue to be the top . 5 micro-markets. 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

Miyapur 2250 - 5750 1 1 Gachibowli 3650 - 8650 2 2 Kompally Kukatpally 3550 - 8250 3 3 Patancheruvu Nizampet Jeedimetla Hitech City 5800 - 9700 4 10 Miyapur Pragathi Nagar Kondapur 5050 - 7700 5 8 Quthbullapur Mehdipatnam 3100 - 8300 6 4 Kukatpally Nallaganla-Tellapur 2150 - 7050 7 7 Bowenpally Tellapur ECIL Note: Ghatkesar 1. City's top micro-markets (locality clusters with similar real-estate dynamics), ranked by number of searches on Magicbricks in Q1 2020 Kollur Gachibowli Pocharam 2.Price ranges represent the range of avg locality prices in the micromarket in INR per sqft. Source: Magicbricks Research Uppal Abids Top Micromarkets by active listings Alkapur Township

Upparpally Micro-Market Price Range Rank Rank Appa junction Q1-20 Q4-19 Shastripuram Vanasthalipuram Miyapur 2250 - 5750 1 1 Rajendra Nagar Gachibowli 3650 - 8650 2 2 Balapur Kukatpally 3550 - 8250 3 3 Nallaganla-Tellapur 2150 - 7050 4 4 Kondapur 5050 - 7700 5 7 Hitech City 5800 - 9700 6 8 Medchal Highway 3200 - 4950 7 5 Adibatla © 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

Q1 2020 Price changes for the city's major localities

Kompally 7.2%

Suchitra Circle Dammaiguda -0.2% 7.5%

Cherlapalli Tellapur Rampally 7.5% 1.9% 0.0% Begumpet Kollur 3.7% -7.5%

Himayath Nagar Peerzadiguda -0.1% -5.4% Nagole Attapur 3.7% -4.7% Appa junction 0.5%

Vanasthalipuram Rajendra Nagar 7.5% -0.7%

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 Q4 2019, 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 localities witnessed a price increase in the quarter, with the maximum price increments happening in the localities in proximity to IT hubs and having great connectivity via public transport

- Posh localities like Kukatpally (-4.8%) and Jubilee Hills (-7.5%), were the major localities witnessing a price decline in Q1 2020 Source: Magicbricks Research

< INR 4,000 psf INR 4,000-5,000 psf INR 5,000-6,000 psf > INR 6,000 psf

Avg. Price Price Avg. Price Avg. Price Locality Locality Avg. Price Locality Locality Price Change Change Price Change Price Change 4,016 0.6% Adibatla 2,193 2.0% Uppal Appa junction 5,128 0.5% Himayath Nagar 6,091 -0.1% Gajularamaram 4,142 3.3% Boduppal 5,156 -0.4% Kondapur 6,355 2.2% Kollur 2,841 -7.5% Suchitra Circle 4,152 -0.2% Beeramguda 5,240 -0.2% Kompally 4,158 7.2% KPHB 6,773 -4.1% Bollaram 3,185 -2.9% Tellapur 5,309 1.9% Attapur 4,284 -4.7% Madinaguda 5,357 7.5% Gachibowli 6,871 4.0% Cherlapalli 4,321 7.5% Ramachandra Puram 3,192 2.1% Rajendra Nagar 5,359 -0.7% Rampally 4,503 0.0% Shaikpet 6,956 2.3% Hafeezpet 5,535 6.4% Bachupally 3,564 3.3% Mehdipatnam 4,576 3.6% Peerzadiguda 5,676 -5.4% Financial District 7,059 3.1% Puppalaguda 4,596 4.6% Nizampet 3,781 1.6% Kokapet 5,739 5.0% Miyapur 4,644 -3.4% Nanakram Guda 7,168 4.8% Begumpet 5,807 3.7% Sainikpuri 3,869 -7.5% Alkapur Township 4,675 2.7% Banjara Hills 7,697 7.5% Nagole 4,703 3.7% Vanasthalipuram 5,843 7.5% Toli Chowki 3,874 -5.4% Dammaiguda 4,731 7.5% Gachibowli Phase 3 5,894 1.7% Hitech City 7,749 6.9% Chandanagar Nallagandla 5,926 2.7% Bandlaguda Jagir 3,964 -4.3% 4,745 -5.2% Madhapur 7,751 4.9% Manikonda 4,801 1.5% Narsingi 5,927 4.7% Pragathi Nagar 3,977 0.3% Badangpet 4,987 -0.1% Kukatpally 5,998 -4.8% Jubilee Hills 9,242 -7.5%

Note: 1. Above is the list of major localities of the city, with information about their average prices and QoQ price changes in Q1 2020. This is an interactive table available on Magicbricks.com under Propindex section. 2. The locality prices are calculated by averaging the prices of all properties in a locality in multi-storey and builder ﬂoor segment, after removing the outlier properties that might distort the overall prices. 3. The four tables above categorize the localities in various price buckets. 4. The color of the numbers represent the price change in Q1 2020, with green color representing price increase, red color price decrease, and grey as neutral. Source: Magicbricks Research

For more information and research related queries, please contact:

Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Ankur Upadhyay | Data Manager Rikitha Murthy | Sr. Research Analyst [email protected] [email protected] [email protected] [email protected]

Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

Disclaimer: The data represented above is compiled by MagicBricks from multiple sources. MagicBricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information and does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions.