View
418
Download
1
Category
Preview:
Citation preview
BENGALURU July – December 2015
2015 witnesses
lowest launches in 5 years;
Sales holding steady
RESIDENTIAL
2015 witnesses 27% decline
in launches
63,2
61
67,7
73
78,3
00
68,1
34
49,6
84
41,9
44
50,6
92
57,3
66
55,7
01
51,9
18
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
2011 2012 2013 2014 2015
No
. o
f u
nit
s
Launches Absorption
ANNUAL LAUNCHES & ABSORPTION
Y-o-y, While launches
continue to fall
during H2 2015;
sales witnesses
steady recovery
New launches fall Y-O-Y by 13%;
sales witnesses a 4% recovery in h2 2015
37,2
36
36,1
45
32,5
89
28
,284
27,7
57
25,5
22
28
,445
29,6
84
0
5000
10000
15000
20000
25000
30000
35000
40000
H2 2012 H2 2013 H2 2014 H2 2015
No
of
un
its
Launches Sales
While launches decline in
other zones in h2 2015,
south bucks the trend
South sees 30% growth in launches
55
8,9
73
11,0
08
8,2
60
4,2
93
30
7,4
03
7,0
50
10,7
25
3,0
75
-
2,000
4,000
6,000
8,000
10,000
12,000
Central East North South West
No
of
un
its
H2 2014 H2 2015
hope of better connectivity
elevates southern peripheral
locations as promising
budget destinations
South sees 88% of city’s new
launches in the INR 25 lakh category
in H2 2015
MICRO-MARKET TICKET-WISE SPLIT OF LAUNCHED UNITS DURING H2 2015
0%
20%
40%
60%
80%
100%
<2.5 mn 2.5-5 mn 5-7.5 mn 7.5-10 mn 10-20 mn >20 mn
Central East North South West
west - the fastest
emerging market
while east expands, west to
watch out for
48
6,6
81
7,4
39
12
,00
3
2,2
75
29
7,6
98
7,4
01
11
,61
8
2,9
38
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Central East North South West
No
. o
f u
nit
s
Sales Trend
H2 2014 H2 2015
West, the best performing
market in the city with
lowest QTS
Metro connectivity & lifestyle
projects make West the preferred
market
5
6
7
8
9
10
11
5 6 7 8 9 10 11
Age o
f unso
ld invento
ry in q
uart
ers
QTS
WEST CENTRAL
EAST
NORTH
SOUTH
Size of bubble reflects size of unsold inventory
start-ups give fillip to
Bengaluru’s stellar
performance
OFFICE
2015 witnesses 11.1 mn sq ft of
absorption, the highest since 2011
ANNUAL LAUNCHES & ABSORPTION 4
.3 7
.4
7.2
7.5
8.5
11.5
9.4
9.5
10.4
11.1
0
1
2
3
4
5
6
7
8
9
10
11
12
13
2011 2012 2013 2014 2015
mn
sq
ft
New Completion Absorption
absorption increases by 14% y-o-y,
new completion remains steady
4.50
4.40
4.50
5.00
4.10
4.20
4.30
4.40
4.50
4.60
4.70
4.80
4.90
5.00
5.10
New Completion Absorption
mn
sq
ft
H2 2014 H2 2015
while e-commerce holds
potential,
It sector tips the scale
in h2 2015
70% of absorption in h2 2015 led by
It/ites sector
53%
13%
4%
29%
70%
4%
10%
16%
0%
10%
20%
30%
40%
50%
60%
70%
80%
IT/ITeS BFSI Manufacturing Other Service Sectors
H2 2014 H2 2015
KEY Takeaways
RESIDENTIAL
Cautious launches, steady sales in h2 2015 on a
y-o-y basis
West emerges as the best performing market
OFFICE
Strong absorption in 2015 – it/ites & Start-ups
lead the way
Focus shifts to peripheral office markets in h2
2015
BENGALURU July – December 2015
Recommended