Pune Real Estate Presentation

PUNE July – December 2015

Pune only city to show

consistent growth in

sales volume

RESIDENTIAL

2015 WAS THE BEST TIME TO

BUY A PROPERTY IN PUNE

and continues to be

-

5,000

10,000

15,000

20,000

25,000

30,000

H2 2011 H2 2012 H2 2013 H2 2014 H2 2015

No

. o

f u

nit

s

Launches Absorption

Encouraged by consistent growth in

sales volume, developers were back

in action during H2 2015

Launches

up by 9%

PUNE CITY LAUNCHES AND ABSORPTION

HOWEVER, NEW LAUNCHES ARE

HAPPENING AT h1 2015 prices

Consistent fall in price growth has

provided the right opportunity for

homebuyers

0%

2%

4%

6%

8%

10%

H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015

PRICE GROWTH

Budget HOUSING witnessing

slower traction

Inventory pressure on budget

housing increases

4

5

6

7

8

9

10

11

12

13

No

. o

f Q

uart

ers

Pune City Premium segment Budget segment

Pune city

Budget segment

Premium segment

QUARTERS TO SELL TREND

Premium housing back in

business

Falling launches and steady sales

volume seen in premium segment

492

255

148

76

0

235 225 220

181 213

-

100

200

300

400

500

600

H2 2013 H1 2014 H2 2014 H1 2015 H2 2015

No

. o

f u

nit

s

Launches Absorption

PREMIUM SEGMENT LAUNCHES AND ABSORPTION

How does pune stand

compared to other cities

PUNE CONTINUES TO BE THE BEST

MARKET IN INDIA

QTS VS. AGE OF INVENTORY ACROSS CITIES

Mumbai

NCR

Bengaluru

Pune

Chennai

Hyderabad

Kolkata

Ahmedabad

5

7

9

11

13

15

17

5 7 9 11 13 15 17 19

Age o

f unsold

invento

ry in q

uart

ers

QTS

PUNE OFFICE MARKET

CONTINUES TO BREAK

NEW RECORDS

OFFICE

Absorption outstrips supply – best in

5 years

ANNUAL TREND OF COMPLETION OF NEW LAUNCHES & ABSORPTION

0

1

2

3

4

5

6

mn

sq

ft

New completions Absorption

5.0

Vacancy levels at a record new

low of 11%

ANNUAL VACANCY TREND

28%

11%

10%

15%

20%

25%

30%

H2 2015 clocks HIGHEST

absorption in 5 years

While 3 mn sq ft of space was

absorbed, only 1 mn sq ft of new

supply entered the market

ANNUAL TREND OF NEW COMPLETIONS & ABSORPTION

1

3

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

mn

sq

ft

New completions Absorption

STRONG DEMAND AND TEPID

SUPPLY PUSHES RENTAL VALUES

TO AN ALL TIME HIGH

Rental values up by nearly 50% since

2012

WEIGHTED AVERAGE RENTAL TREND

37

56

35

40

45

50

55

60

Rs/s

q f

t/m

on

th

Key takeaways

RESIDENTIAL: premium segment

back in business

OFFICE: STRONG DEMAND & TEPID SUPPLY

PUSHES RENTAL VALUES TO

AN ALL TIME HIGH

PUNE July – December 2015