FOREWORDproperty.magicbricks.com/microsite/buy/propindex/images/... · 2018-04-22 · There is a wealth of information within these pages. For better readability, we have presented

It’s a new calendar year and Magicbricks wishes all its readers a VeryHappy 2015. It’s been a year where subdued sentiments in the propertymarkets gave rise to euphoria over Prime Minister Modi’s conclusive winin the General Elections and then settled into a subdued mode again.

In its 15th edition, PropIndex reflected the reality of the real estatemarket in India which clearly gave a green signal for affordability andvalue for money. This was in line with the government’s agenda ofpromoting ‘Housing for All by 2022’.

City indices remained fairly stable. Riding high on the ‘Modi’ factorAhmedabad recorded the highest rise of 3 per cent in the City Indexvalues. The Delhi City Index continued to drop (1%) indicating slowuptake in the market.

At the macro level, properties in the affordable or mid-segment rangeswere clearly a popular choice. The budget range of Rs 20-40 lakh saw arise across cities except in Delhi, Gurgaon and Kolkata. In line with thistrend, the 1BHK category saw a rise in demand across all cities. Delhi andGurgaon saw a rise in demand for 2BHK units as well. As the capitalmarkets regained momentum post the formation of the new governmentat the Centre, rental markets were subdued in the Oct-Dec 2014 quarter.Almost 40-50 per cent of the tracked localities in each city recorded adrop in values.

After a dull year, 2015 is expected to bring with it new and positivechanges in the sector. The year is going to be crucial as this is the timewhen the Government’s promises would actually be put into practice.

Do write in at [email protected] and share yours views on thisreport and how we could make PropIndex even better. You may also shareyour opinion with #PropIndex on our Twitter handle @magicbricks orconnect with us on Facebook at www.facebook.com/magicbricksTOI.

FOREWORD

Sudhir PaiBusiness Head, Magicbricks.com

Magicbricks PropIndex

Magicbricks PropIndexis a tool whichempowers propertyseekers and investorswith detailedinformation on themovement of residentialapartment prices andsupply of properties inIndia. No credibleproperty index can be afunction of direct valuesas the changes aregoverned by multiplefactors.

Magicbricks PropIndexhas taken this realityinto account andproduced an index basedon listing of apartmentsand their capital andrental values on thewebsite.

Magicbricks has over 700,000 active propertiesposted by more than1,40,000 active users in300 cities and 10,000localities. Our usersinclude owners, agentsand developers.

Methodology

Apartment values arebased on listings onMagicbricks. Theseinclude multi-storeyapartments and singleunits on plotteddevelopments, referredto as builder floors onMagicbricks.com.

The Index is structuredin such a way thatindividual properties

are aggregated into theirrespective cities andthen to the NationalIndex. Weightages forPropIndex are based onthe supply of propertieswithin the locality/city.Based on this structure,PropIndex gives arealistic picture oftrends in price/supplyacross different propertymarkets in each city. Wehave used differentweightages for ListedPrice Monitor/RentMonitor. Therefore, readas a whole, PropIndexalong with tablesprovided for Listed PriceMonitor, Rent Monitor,Yield Monitor andCapital Values, gives anexcellent perspective ofthe property marketperformance in thequarter.

While listing and itsvalues/supply provide alevel of understandingof the market, there aremeticulous data checksto prevent aberrationscreeping in the Index.These are based onstatistical calculations,industry inputs andlogical interpretations.

The National PropertyIndex (NPI) is indicativeof the extent of activityas well as pricemovements across citiesand localities in themajor cities active onMagicbricks.com. Theindex includes the top11 cities (these have

been chosen based ontheir activity levels) andhas an individual cityreport for each of thesecities. While the NPI andits movements are ofinterest to the expertcommunity of bankers,builders and investors,the PropIndex has alsotaken care to explain thenuances of indexmovements at thelocality level that wouldhelp the huge base ofMagicbricks.comconsumers.

Insights into consumerdemand have beengathered throughanalysis of searchinformation on the site.This helps understandthe best localities bydemand, the type andconfiguration of units aswell as the budget-wisepreferences.

The PropIndex is theresult of meticulousresearch at the localitylevel and throughdetailed discussionswith experts atMagicbricks.com’soffline and onlineinitiatives.

The Indian real estatemarket is dynamic andthe PropIndex reflectsthose changes. Since it isderived from a dynamicdatabase, additions anddeletions of localitieshappen as a function ofmarket dynamics.

METHODOLOGY

There is a wealth of information within these pages. For better readability, we have presented some data as tablesand others as graphs. Between them, you will find how property markets have performed in the Oct-Dec 2014quarter from different perspectives – from that of capital appreciation, from a rental/yield realisationperspective and from a supply standpoint. Demand Analysis section also explains what consumers look for.

We recommend that you evaluate the city report in its entirety and that will provide a rounded perspective of theperformance of the property market within each city. Here are the details of what you will find in each of the cityreports enclosed within:

1. City Property Index – This is a composite index which is a function of supply of properties as well as theaverage capital appreciation/drop in various localities of the city in the quarter. The city index is theweighted average of the average rate per square foot in that locality and the supply of properties from thatlocality. Premium localities (with higher average rate per square foot) as well as localities with higher supplyof properties will have a bigger impact on the Index. For example, if the supply of properties from apremium locality drops, that locality will end up having a lower weightage in the index which in turn willpush the Index downwards (and vice-versa). On the other hand, supply of properties remaining unchanged,the Index will be influenced by capital appreciation within the locality.

2. Listed Price Monitor – This metric shows the capital appreciation/drop within a locality and is calculatedon the basis of movement in the “average rate per square foot” within that locality. By and large, themovement in the “average rate per square foot” reflects capital appreciation/drop. However, in a few selectcases, we have observed that the average rate per square foot moves due to a change in the mix of apartmentswithin that locality (e.g. if the ratio of premium apartments, which command a higher per square foot rate,changes over the quarter). In these few circumstances, the Listed Price Monitor will, in turn, reflect thisinput. Such changes have been explained in the text of the City Reports.

3. Rent Monitor – This reflects the rental appreciation/drop within a locality. It is calculated on the basis ofmovement in the “average rent per square foot” within that locality. By and large, the movement in the“average rent per square foot” reflects rental appreciation/drop. However, in a few select cases, we haveobserved that the average rent per square foot moves due to a change in the mix of apartments within thatlocality (e.g. if the ratio of premium apartments, which command a higher per square foot rent, changes overthe quarter). In these few circumstances, the Rent Monitor will, in turn, reflect this input. Such changes havebeen explained in the text of the City Reports.

4. Yield Meter – Yield is the annual rate of return earned on property. The Yield Meter depicts the gross yieldpercentages across various localities. Gross yield is a ratio of average annual rental value to the averagecapital value of the property.

5. Capital Value Tables (given in Annexures) – This shows the actual range of prices within which propertieswere available in each locality in the quarter. Prices are shown in Rupees per square foot basis, these are theprevailing rates for properties in each locality.

6. Demand Analysis – This analysis of consumer demand is based on searches and requirements that usershave performed on Magicbricks.com. The top localities by demand gives an insight into consumerpeferences. The demand data has been used to arrive at various aspects of consumer requirements includingBudget-wise analysis, Property type analysis and BHK configuration analysis. This section also provides acomparison between demand and supply in the Jul-Sep and Oct-Dec 2014 quarters.

7. Editorial Speak – PropIndex has gone from strength to strength – adding more analytics, insights anddiverse views in every edition. To enhance the insights provided by our data PropIndex now includes cityperspectives from editors of Times Property.

GLOSSARY & DEFINITIONS

NOTES

OCT-DEC 2014

In the Oct-Dec 2014 quarter, theNational Property Index (NPI)rose by 1 per cent over theprevious quarter. Out of the 11 cities tracked in India, sevenposted a rise of 1-3 per cent in theCity Index value. This kept theNPI positive.

Ahmedabad posted the maximumrise of 3 per cent in the CityIndex, followed by Kolkata,Chennai and Hyderabad whichrecorded a rise of 2 per cent.Bengaluru, Pune and Noida notedmerely 1 per cent rise. However,Gurgaon and Ghaziabad remainedunchanged. Delhi and Mumbai,the major metropolitan cities, sawa drop in the City Index value by 1 per cent.

The National Consumer Budgetpreference graph shows thatdemand for properties in therange of Rs 20-50 lakh remainedstrong and increased by 3 per centin the last six months. On theother hand, properties in the mid(Rs 70-100 lakh) to premium

segment (Rs 1 crore and Above)noted a drop of 1-2 per cent.

Overall, active supply remainedpassive and recorded a nominaldrop of 2 per cent. Cities such asMumbai, Kolkata and Gurgaonrecorded the maximum drop inactive supply.

No reduction in home loan ratesby RBI and drop in property buyersentiments in the last few monthskept property buyers at a wait-and-watch mode. This pulleddown the new launches rateacross India.

However, inspite of slow growthin the real estate market and dropin the number of new launchesacross India, the marketcontinued to witness healthydemand for properties in theaffordable range.

Significant demand for propertiesin the affordable range gaveimpetus to the public and privatesector to offer new properties inlow budget ranges with basicfacilities. The Modi Government’s

relaxation of FDI rules in theconstruction sector, by reductionin the minimum floor area fordevelopment and capitalrequirement, are expected tofurther attract more funds to thereal estate sector.

n Small size unitsrecorded a rise indemand by 1-4per cent, acrossIndia

n Properties worthRs 20-50 lakhwent up by 3 per cent

n NCR witnessed adrop in supply ofpremiumproperties by 3-10per cent exceptGhaziabad,which remainedstable

n Demand forapartmentsdropped by 1-6per cent acrossall cities, exceptin Chennai

IN THIS REPORT:

National Property Index................1

Ahmedabad................................4

Annexures...................................8

NATIONAL PROPERTY INDEX (NPI)

VOL 4, ISSUE 3; OCT-DEC, FY 2014-15

OCT-DEC 2014

propindex.magicbricks.com

Source:Magicbricks.com

02VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

NATIONAL PROPERTY INDEX

l In the last one year, propertiesworth Rs 30-50 lakh continuedto witness maximum demandwith a consistent rise quarter-over-quarter, indicating strongdemand for affordable optionsacross India

l Rental returns remained highin residential properties inBengaluru, Hyderabad andKolkata

l In the last six months, Mumbai,Bengaluru and Pune continuedto be the most preferredinvestment destinations

Ahmedabad City Index rose by 3 per cent. After the formation ofthe Modi Government at thecentre, the City Index continuedto show a rise in values quarter-over-quarter. In the Oct-Dec 2014quarter, the city recorded a rise of1-9 per cent in average capitalvalues in over 75 per cent of thetotal localities tracked. The cityalso witnessed a rise in supply by5 per cent in comparison to theprevious quarter. SG Highway,Bopal and Motera witnessedmaximum supply of new projects.

The Bengaluru City Indexshowed an inverse trend incomparison to the last quarter, byposting a rise of 1 per cent. Thiskept the city index unchanged inthe last six months. Whitefield,

Sarjapur Road and Electronic Cityremained the most preferredinvestment destinations acrossresidential housing categories.The Yield Meter showed thatreturns were high on residentialinvestment in South and EastBengaluru, followed by NorthBengaluru.

Increase in average capital valuescoupled with rise in activeproperty listings in the city by 5 per cent, pushed up the ChennaiCity Index by 2 per cent. Therental market witnessed slowmovement in the average monthlyrentals. Close to 55 per cent of thetotal localities tracked in the citynoted a drop between 1-8 per cent.In the last one year, averagecapital values showed a healthyrise of over 10 per cent in areassuch as Oragadam, Anna NagarWest, Nungambakkam andPrerungudi.

The Delhi City Index continued todrop in the Oct-Dec 2014 quarter.A drop of 1 per cent was noted asopposed to the 3 per cent fall notedin the previous quarter. In the lastthree quarters, Delhi City Indexhas dropped by 9 per cent. Thiswas primarily on the back of thedrop in average values andgrowing inventory in the city,mainly in the single floor units. Inthe rental market, close to 50 per cent of the total localitiestracked in the city, recorded adrop of 1-10 per cent.

The Ghaziabad City Indexremained unchanged in the Oct-Dec 2014 quarter.

Almost equal number of localitiesrecorded a rise or drop in theaverage capital values. This keptthe Listed Price Monitorunchanged at 0 per cent. Similartrend was noted in the rentalmarket with increase and drop of10 per cent in lease.

In the past one year, GurgaonCity Index remained betweenminus 2 to plus 1 per cent. Thiswas mainly due to slow uptake inthe residential market of the city.Out of the total localities tracked,39 per cent noted a drop in theaverage capital values. This alsokept the City Index unchanged inthe Oct-Dec 2014 quarter. Therental market too, remained slow

-1%

Delhi,

Mum

bai 0%

Gurga

on,

Gha

ziab

ad

1%Ben

galuru,

Noida

, Pun

e2%

Kolkata, C

henn

aiHyderab

ad

3%

Ahm

edab

ad

Oct-Dec 2014

City Index Percentage Change

Locality RankQ3 Q2

Mumbai 1 1

Bengaluru 2 2

Pune 3 3

Hyderabad 4 5

New Delhi 5 4

Chennai 6 7

Kolkata 7 6

Gurgaon 8 8

Noida 9 10

Ahmedabad 10 -

Preferred Cities - Sale

Note: Q3 Oct-Dec 2014, Q2 Jul-Sep 2014

Preferred Cities - Rent

Locality RankQ3 Q2

Bengaluru 1 2

Mumbai 2 1

Pune 3 3

New Delhi 4 4

Chennai 5 5

Hyderabad 6 6

Gurgaon 7 7

Kolkata 8 8

Noida 9 10

Ahmedabad 10 -Note: Q3 Oct-Dec 2014, Q2 Jul-Sep 2014




03VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

with over 60 per cent localitiesrecording either a drop or nochange in the average rentalvalues.

Hyderabad City Index and theListed Price Monitor recorded arise of 2 and 3 per cent,respectively. The increase in theCity Index value was primarilyattributed to increase in theaverage capital values in areaswith maximum active properties.Unlike the capital market, therental market remained slow. Over55 per cent localities in the cityrecorded a drop between 2-8 per cent in the average rentalvalues. Gachibowli, Kondapur,Kukatpally and Hitec Cityremained the preferred locationsfor both sale as well as rent in thecurrent quarter.

Kolkata City Index rose by 2 per cent. This was primarilyattributed to rise in the averagecapital values in over 60 per cent ofthe tracked localities in the city.The 1 and 4BHK units witnessed arise in demand while othercategories noted a drop. Maximumrise was recorded in 1BHK unitsacross the region in the last sixmonths. Properties worth Upto Rs 20 lakh witnessed an increasein demand by 1-6 per cent acrossthe region, except in West Kolkata.

The Noida City Index rose by 1 per cent in the Oct-Dec 2014quarter. In the last 15 months,

Noida market remained stablewith 0-1 per cent change in theCity Index and the Listed Pricemonitor. This was primarily on theback of almost no change in theaverage capital values in the city.On the other hand, rental marketnoted a subdued trend. Over 65 per cent of the total localities inthe city noted a drop in rentalvalues between 1-7 per cent in thecurrent quarter.

The Mumbai City Index droppedby 1 per cent in the Oct-Dec 2014quarter as opposed to the previousquarter where it increased by 4 per cent. Rise in the averagecapital values between 0-7 per centand drop in supply by 6 per centkept the City Index positive by just1 per cent. With one fourth of totalsupply of the city, Kharghar inNavi Mumbai, Mira Road, AndheriWest and Kandivalli West in theWestern Suburbs and GhodbunderRoad in Thane were the mostactive residential destination inthe city.

Pune residential marketwitnessed a consistent rise of 1 per cent in the City Index valuequarter-over-quarter, in the pastone year. Over 45 per cent of thetotal demand for properties in thecity was concentrated in WestPune, followed by 29 per cent inEast Pune. Though high demandwas noted in West Pune, butmaximum supply was recorded inEast Pune.

Upto Rs 20 Lakh Rs 20-30 Lakh Rs 30-50 Lakh Rs 50-70 Lakh Rs 70-100 Lakh Rs 1-2 Crore Rs 2 Crore & Above

National - Consumer Budget Preference30%

25%

20%

15%

10%

5%

0%3%

9%

29%

21%15%

14%9%

TOP YIELD GROSSERS

Gross yield is a ratio of average annualrental value to the average capital valueof the property. Given below are the topyield-grossing localities in each city.

Locality Gross Yield

Bengaluru, Chandapura 5.42%Kolkata, Tollygunge 4.76%Hyderabad, Gachibowli 4.66%Chennai, Navalur 4.27%Pune, Mundhwa 4.04%Ahmedabad, Prahlad Nagar Extn 4.01%Delhi, Govindpuri 3.99%Ghaziabad, Shakti Khand 3 3.62%Mumbai, Kanjur Marg East 3.54%Noida, Sector-121 3.16%Gurgaon, Sector-69 2.59%

CAPITAL GAINS

The table given below indicates maximumincrease in capital values in each city.

Locality % Change

Kolkata, Ballygunge 9.65%

Bengaluru, Hennur Main Road 10.75%

Ahmedabad, Chandkheda 9.03%

Ghaziabad, Govindpuram 6.80%

Chennai, Adyar 6.70%

Mumbai, Vashi 6.65%

Pune, Mundhwa 8.91%

Hyderabad, Attapur 5.69%

Delhi, Model Town 6.16%

Noida, Sector-143 B 5.34%

Gurgaon, Sector-84 8.02%



AHMEDABAD 04VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

PROPINDEX - AHMEDABADAhmedabad, a promisingdestination for investors The real estate markets of Gujarat,most notably Ahmedabad, have set anexample of rapid real estate andinfrastructure development in the pastdecade. From the coming up ofresidential projects in the new areas tobuilding and planning of infrastructure,such as new flyovers and Metronetwork, the city has been one of themost promising cities of Gujarat.Today, many developers consider it asan alternative to any other metro city.

As per the Housing Sentiment Index,issued by Magicbricks in associationwith IIM Bangalore, buyer sentimentsin Ahmedabad were positive in theJul-Sep 2014 quarter. Looking at theaffordable property prices compared tothe other metropolitan cities, investorsfrom all over India are also eyeing it.

The government of Gujarat is bringingseveral measures for the overalldevelopment of the city. At a recentevent, Municipalika held in October2014 in Gandhinagar, AnandibenPatel, Chief Minister of Gujaratmentioned several efforts, such asMahatma Gandhi Swachhta Missionto make zero waste city, programmeto provide complete sanitation facilityunder Nirmal Gujarat and the plans toprovide affordable housing for peoplealong with basic amenities frompeople from Economically WeakerSection (EWS) under MukhyamantriGruh Yojna.

The government is also consideringLocal Area Plan (LAP) concept forcustomised planning of the city andraise funds from chargeable FloorSpace Index (FSI) along the longTransit-Oriented Zone (TOZ), R1 andR2 residential zones and others to usethe funds for the development of localinfrastructure that includes roads,drainage and water supply.

The metro rail network has also beenapproved in Ahmedabad. The UnionCabinet granted Rs 10,773 crore forphase one, covering 35.96 km. Metrowill make way for further developmentof the city in addition to the alreadysuccessful Bus Rapid Transit System.Looking at the development measuresplanned and executed in Ahmedabad,the city’s real estate market is evolvingand looks promising.

Magicbricks Bureau

The Ahmedabad City Index rose by 3 per cent in the Oct-Dec2014 quarter as compared to the 1 per cent rise it saw in theprevious quarter. After increasing by 2 per cent in Jul-Sep 2014quarter, the Listed Price Monitor rose by 3 per cent in thepresent quarter.

l The city witnessed a rise of 1-9 per cent in the averagecapital values in over 75 per centof the total localities tracked.Coupled with 5 per cent increasein supply in the Oct-Dec 2014quarter as compared to theprevious quarter, pushed theCity Index and Listed PriceMonitor up by 3 per cent each

l In the last six months, the cityrecorded a consistent rise indemand for 1BHK units by 3 per cent, quarter-over-quarter.However, supply dropped by 2 per cent

l A similar trend was noted foraffordable properties worth uptoRs 40 lakh, where demand roseby 4 per cent while, supplydropped by 6 per cent

l Satellite, Bopal and Gota offeredmaximum number of optionsfor properties upto Rs 40 lakh

l In the last six months the citywitnessed a shift in demandfrom apartments to othercategories such as residentialhouses and plots. On one handdemand for apartments wentdown by 4 per cent, whereas

other residential property typeswitnessed a rise of 1-3 per cent

l With regard to supply,apartments witnessed a drop inthe last six months from 80 to 72 per cent whereas, otherresidential categories witnesseda rise of 1-11 per cent

l Unlike the capital market, over55 per cent localities in the citynoted a drop of 2-8 per cent inthe average rental values

l The city continues to offerhealthy rental returns with over90 per cent of tracked localitiesin the city offering a gross yieldof 2.5-4.0 per cent

l SG Highway, Bopal and Moterawitnessed maximum supply ofnew projects in the city, whileapartments noted the maximumsupply followed by plots

l Supply of premium propertiesworth Rs 1 crore and Abovecontinued to outstrip demand byover 15 per cent.

l Satellite and Bopal were themost prefered investmentdestinations for both sale as wellas rent

Key Takeaways

E d i t o r i a l


AHMEDABAD05VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

l About 75 per cent of the tracked localities saw a risein capital values in the Oct-Dec 2014 quarter

l Chandkheda recorded the highest rise of 9 per centin capital values followed by Vaishnu Devi whichsaw an increase of 7 per cent

l Gurukul, South Bopal, Navrangpura and PrahladNagar Extension also recorded a rise of 4-5 per centin property prices

l SP Ring Road registered the maximum drop of 4 per cent in prices while SG Highway and Moterarecorded a dip of 1 and 2 per cent, respectively

l Capital values remained stable in Bodakdev andNew CG Road in the current quarter

L I S T ED PR I CE MON I TOR

Locality Average Rental Average Capital Gross Value (Rs/sqft/mth) Value (Rs/sqft) Yield

Motera 5.75 2,915 2.37%Prahlad Nagar 14.50 5,075 3.43%Vastrapur 12.50 4,880 3.07%Bodakdev 13.25 5,495 2.89%Drive-In Road 12.25 5,580 2.63%Vejalpur 10.75 3,295 3.92%Gurukul 12.25 4,675 3.14%Bopal 8.25 3,495 2.83%South Bopal 9.25 3,410 3.26%Prahlad Nagar Extension 12.00 3,590 4.01%

Y I E L D M E T E R

l The Magicbricks Yield Meter ranged from 2.37-4.01per cent in Oct-Dec 2014 quarter, as compared to2.42-4.29 per cent in the previous quarter

l Prahlad Nagar Extension offered highest rentalreturns of 4.01 per cent, similar to the previousquarter. The locality saw a rise in capital valueswhile the rental values dipped

l Other localities which offered healthy returns of3.07-3.92 per cent included Vejalpur, Prahlad Nagar,South Bopal, Gurukul and Vastrapur

l Motera recorded the lowest rental yield of 2.37 percent, as in the previous quarter. Rental returns inBodakdev were 2.89 per cent followed by Bopal at2.83 per cent gross yield in the present quarter

RENT MON I TOR

l Rental values in about 70 per cent of the trackedlocalities either remained stable or registered a dropin the Oct-Dec 2014 quarter

l Chandkheda recorded the maximum drop of 8 per cent in the current quarter, while rental valuesdipped by 6 per cent in Ramdev Nagar

l Vastrapur, Motera and Navrangpura registered adrop of 4 per cent, while in Bopal and Maninagar

l Prahlad Nagar saw the maximum rise of 4 per cent.Other localities that witnessed a rise included SG Highway, Drivein Road, Vejalpur and Vasna

l Rental values remained stable in Satellite, Bodakdevand Gota

3%Source:Magicbricks.com Source:Magicbricks.com



PREFERRED LOCALITIES

l The top three positions in the list of preferredlocalities for rent remained unchanged in the Oct-Dec 2014 quarter. Increased preference led to risein capital values in Satellite, Bopal and South Bopal,where property prices increased by 2-4 per cent

l Prahlad Nagar moved two slots up in the currentquarter to settle at the fourth position. Propertyprices increased by 2 per cent in the area

l Gota maintained its position at the fifth slot in thelist of the top ten preferred localities for sale

l SG Highway slipped two positions to settle at sixthspot in the present quarter with a drop of 1 per centin capital values

l Chandkheda and Thaltej maintained their positionat seventh and eight slots respectively

l Science City and Bodakdev interchanged theirpositions in the present quarter. While Science Citymoved up one position to settle at the ninth slot,Bodakdev slipped one position to settle at tenth

l Satellite continued to remain the most preferredlocality for rent in the Oct-Dec quarter. Rentalvalues remained stable in the locality

l Bopal and Prahlad Nagar interchanged theirpositions in the present quarter. While Bopal movedup one position to settle at the second slot, PrahladNagar slipped to settle at third

l Bodakdev inched up one position to settle at fourthslot in the present quarter. South Bopal moved downone position to settle at the fifth spot

l Vastrapur and Navrangpura maintained theirposition at the sixth and seventh spot respectively inthe current quarter

l Thaltej moved up one position in the presentquarter, with rental values dropping by 2 per cent

l SG Highway and Paldi were two new entrants in thelist of the top ten preferred localities for rent in thecurrent quarter. Rental values remained stable inPaldi while Satellite saw a rise of 2 per cent

RENT

Note: Q3 Oct-Dec 2014,Q2 Jul-Sep 2014

Locality Rank Capital %ageQ3 Q2 Values change

Satellite 1 1 4850 to 6130 2%

South Bopal 2 2 3160 to 3850 4%

Bopal 3 3 3190 to 4050 3%

Prahlad Nagar 4 6 4530 to 6060 2%

Gota 5 5 2680 to 3110 1%

SG Highway 6 4 3040 to 3730 -1%

Chandkheda 7 7 2340 to 2890 9%

Thaltej 8 8 4700 to 6000 3%

Science City 9 10 3680 to 4430 -2%

Bodakdev 10 9 4990 to 6400 0%

SALE

Note: Q3 Oct-Dec 2014,Q2 Jul-Sep 2014

Locality Rank Rental %ageQ3 Q2 Values change

Satellite 1 1 11500 to 15000 0%

Bopal 2 3 7500 to 10000 -3%

Prahlad Nagar 3 2 13000 to 17000 4%

Bodakdev 4 5 12000 to 15000 0%

South Bopal 5 4 8500 to 10500 3%

Vastrapur 6 6 11500 to 14500 -4%

Navrangpura 7 7 12000 to 15500 -4%

Thaltej 8 9 10000 to 13500 -2%

SG Highway 9 - 10500 to 14000 2%

Paldi 10 - 11000 to 14000 0%

Sanand, Bagodara, Dholera Sir, Narolgam, Vastral

Home in your Budget

Upto Rs 20 Lakh

l Sanand, Bagodara, Dholera Sir,Narolgam and Vastral offerproperties worth Upto Rs 20 lakh

l Properties in the most preferredbudget range of Rs 40-70 lakhwere available in South Bopal,Gota, Vaishno Devi and Motera

l Properties worth Rs 1 crore andAbove were available inlocalities such as Satellite,Bodakdev, Prahlad NagarScience City and Drive-In Road

Gota, New CG Road, Chandkheda, Vejalpur, Maninagar Rs 20-40 Lakh

South Bopal, Gota, Vaishno Devi, SP Ring Road, Bopal Rs 40-70 Lakh

South Bopal, Bopal, Ghuma, Motera, MemnagarRs 70-100 Lakh

Satellite, Thaltej, Bodakdev, Prahlad Nagar, SG Highway Rs 1 Crore & Above

Source:Magicbricks.com Source:Magicbricks.com


AHMEDABAD07VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

BHK Configuration - City Level

60

50

40

30

20

10

0

10 13

50 49

34 32

6 6

(Jul-Sep 2014)(Oct-Dec 2014)

Figures in percentage(%)

1BHK 2BHK 3BHK 4BHK &above

DEMAND SUPPLY60

50

40

30

20

10

05 3

33 30

3942

23 25



1BHK 2BHK 3BHK 4BHK &above

50

40

30

20

10

0<20 20-40 40-70 70-100 100 &

above

1Figures in percentage(%)

Figures in Rs lakh

2

2528

39 39

16 1319 18


Budget wise Analysis - City Level

DEMAND

50

40

30

20

10

0<20 20-40 40-70 70-100 100 &

above

6Figures in percentage(%)

Figures in Rs lakh

4

2117

27 27

14 14

3238


SUPPLY

Budget wise Analysis

l Properties worth Rs 1 crore andAbove witnessed an oversupply of20 per cent in the Oct-Dec 2014quarter. The category saw 18 per cent demand and 38 per centsupply. Demand and supply for theUpto Rs 20 lakh category was low

l Both Rs 20-40 lakh and Rs 40-70lakh categories recorded arespective shortfall of 11 and 12 percent in their supply. Demand (13%)and supply (14%) was almostcorresponding

DEMAND - S UPP LY ANALYS I SMaximum demand was witnessed for the Rs 40-70 lakh category while supply was high for Rs 1 crore and Above category. A shortfall of 11 per cent was witnessed in the supply of Rs 20-40lakh category. Even though demand for apartments dipped by 4 per cent, the category continued toremain the most preferred in the city. Demand (23%) and supply (21%) was almost correspondingin the current quarter.

Demand was high for 2BHK units while the supply was inclined towards 3BHK category duringthe Oct-Dec 2014 quarter. All configurations registered a mismatch in demand and supply. Whilelarger units were oversupplied, smaller units recorded a shortfall in the present quarter.

Property wise Analysis

l A drop of 4 per cent was noted inthe demand for apartments in theOct-Dec 2014 quarter, while itssupply dipped by 3 per cent. Thecategory saw 67 per cent demandand 72 per cent supply

l Both demand and supply forhouses increased by 3 per cent incurrent quarter. The category saw23 per cent demand and 21 per centsupply. Supply of plots fell short ofits demand by 3 per cent

BHK wise Analysis

l A gap of 10 per cent was noted inthe demand and supply of the1BHK category. Supply of 2BHKcategory fell short of its demandby 19 per cent

l Supply of 3BHK units led itsdemand by 10 per cent in thepresent quarter. The category saw42 per cent demand and 32 per centsupply. Similar mismatch wasnoted in 4BHK and Above categorywhere demand was 7 per cent andsupply was 25 per cent

Property wise Analysis - City Level

100

80

60

40

20

0

7167

20 23

9 10



Apartment Residential House Residential Plot

DEMAND100

80

60

40

20

0

7572

1821

7 7



Apartment Residential House Residential Plot

SUPPLY

Source:Magicbricks.comSource:Magicbricks.com


CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Ambawadi 5130 to 6460

Ambli - Bopal Road 5210 to 6770

Anand Nagar 4360 to 5580

Bodakdev 4990 to 6400

Bopal 3190 to 4050

Chandkheda 2340 to 2890

Chandlodia 2700 to 3070

Chimanlal Girdharlal Road 4870 to 5900

Drive-In Road 4980 to 6660

Gandhinagar Road 2890 to 3370

Ghatlodiya 3330 to 4020

Ghuma 2620 to 2980

Gota 2680 to 3110

Gurukul 4220 to 5490

Jagatpur 2940 to 3540

Jivraj Park 2720 to 3120

Jodhpur 5070 to 6190

Jodhpur Village 5210 to 6340

Makarba 3570 to 4110

Makarba Road 3560 to 4050

Maninagar 2890 to 3560

Maninagar East 2840 to 3270

Maningar East 2970 to 3460

Memnagar 4610 to 5760

Motera 2720 to 3260

Naranpura 4360 to 5920

Naroda 1790 to 2060

Naroda Road 1810 to 2220

Narolgam 1860 to 2140

Navrangpura 5150 to 6520

Nehru Nagar 5080 to 5870

New CG Road 2690 to 3150

New Ranip 2500 to 2980

Paldi 4420 to 5290

Prahlad Nagar 4530 to 6060

Prahlad Nagar Extn 3400 to 3940

Ramdev Nagar 4150 to 5060

Ranip 2530 to 3160

Sardar Patel Ring Road 3000 to 3530

Satellite Road 4960 to 6330

Science City 3680 to 4430

SG Highway 3040 to 3730

Sahihbuag 6040 to 7460

Shela 2880 to 2990

Shilaj 3330 to 4600

South Bopal 3160 to 3850

Thaltej 4700 to 6000

Tragad 2420 to 2870

Vaishno Devi 3020 to 3610

Vasna 3330 to 4730

Vastrapur 4440 to 5670

Vejalpur 3050 to 3730

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

AHMEDABAD


NOTES

D I S C L A I M E REvery effort has been made to make this Index as complete and as accurate as possible. MagicBricksaccepts no responsibility for inaccuracies in the information/data contained in this book. It shall haveneither liability nor responsibility to any person or entity with respect to any loss or damage caused, oralleged to have been caused, directly or indirectly, by the information contained in this book. Theinformation/data in this book is subject to change from time to time due to market condition.

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PROPINDEX TEAMl Content & Research: E Jayashree Kurup, Dipti Tandon, Subodh Kumar, Rishab Jain,Sruthi Kailas, Ankit Sharma, Bhawna Mongia,Renu Arya, Aradhana Mozumdar, Girish Bindal,Neha Nagpal, Puneet Kukreja & Bikash Kumar.

l Layout Design: Harsha Khattar

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VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

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