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FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple

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Page 1: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple
Page 2: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple

We are delighted to present to you the 3rd Edition of PropIndex!

We’ve received excellent response and feedback to the earlier editions. We’veattempted to make each edition of PropIndex better than the previous one. In line withthis, the current edition features a new section on demand analytics; for the first time,we feature information regarding “User Demand” – what users are seeking in terms oftype of property, budget range, location & BHK configuration. This information isculled out basis the actual search behaviour of lakhs of end users on our site. To putthis in perspective, Magicbricks.com gets over 35 Lac users each month, spread acrossgeographies, who “search” for houses on the site and post requirements. This processgenerates an enormous amount of data about what users are looking for. Basis thisdata, we have designed algorithms to churn this data and generate the output that younow see in this report. This is only a start; going ahead, we will further flesh out UserDemand at a more granular level and across other parameters and make thoseavailable in subsequent reports.

You will continue to find our regular indices here – the National/City Property Index(NPI/CPI), Price Monitor, Rent Monitor, Yield Monitor & Capital Values. In line withfeedback received, we’ve tried to make further improvements to our writing style andbreadth of coverage. We are thankful to the industry experts and leaders who, throughthe various platforms of Magicbricks.com, have shared their opinions and views withus – we’re happy to be sharing some of their views in the current issue of PropIndex.As always, we hope that this issue helps you see a different perspective of the marketand serves as a useful tool in making a more informed and intelligent real estateinvestment decision. We continue to seek feedback and look forward to hearing fromyou. Do write in!

Sudhir PaiBusiness Head, Magicbricks.com

[email protected]

FOREWORD

Page 3: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple

MagicBricksPropIndexMagicBricks PropIndex isa tool which empowersproperty seekers andinvestors with detailedinformation on themovement of residentialapartment prices andsupply of properties inIndia. No credible propertyindex can be a function ofdirect values as thechanges are governed bymultiple factors.

MagicBricks PropIndexhas taken this reality intoaccount and produced anindex based on listing ofapartments and theircapital and rental valueson the website.

Magicbricks.com has over 4 lakh active propertiesposted by more than1,00,000 active users in 300cities and 3,500 localities.Our users include owners,brokers and builders.

MethodologyApartment values andlistings form the basis ofthe MagicBricksPropIndex. These includemultistorey apartmentsand single units on plotteddevelopments, referred toas builder floors onMagicBricks.com.

The Index is structured insuch a way that individualproperties are aggregated

into respective localitieswhich in turn areweighted to theirrespective city, which inturn is weighted to theNational Index.Weightages for PropIndexare based on the supply ofproperties within thelocality/city. Based on thisstructure, PropIndex givesa realistic picture oftrends in price/supplyacross different propertymarkets in each city. Wehave used differentweightages for PriceMonitor/Rent Monitor.Therefore, read as a whole,PropIndex along withtables provided for PriceMonitor, Rent Monitor,Yield Monitor and CapitalValues. PropIndex gives anexcellent perspective ofthe property marketperformance in thequarter.

While listing and itsvalues/supply provide alevel of understandinginto the market, there aremeticulous data checks toprevent aberrationscreeping into the Index.These are based onstatistical calculations andlogical interpretations.

The National PropertyIndex (NPI) is indicative ofthe extent of activity aswell as price movementsacross cities and localitiesin the major cities activeon MagicBricks.com. The

index includes the top 11cities (these have beenchosen based on theiractivity levels) and has anindividual city report foreach of these cities. Whilethe NPI and its movementsare of interest to theexpert community ofbankers, builders andinvestors, the PropIndexhas also taken care toexplain the nuances ofindex movements at thelocality level that wouldhelp the huge base ofMagicBricks.comconsumers.

Insights into consumerdemand have beengathered through analysisof search information onthe site. This helpsunderstand the bestlocalities by demand, thetype and configuration ofunits as well as the budget-wise preferences.

The PropIndex is the resultof meticulous research atthe locality level andthrough detaileddiscussions with experts atMagicBricks.com’s offlineand online initiatives.

The Indian real estatemarket is dynamic and thePropIndex reflects thosechanges. Since it is derivedfrom a dynamic database,additions and deletions oflocalities happen as afunction of marketdynamics.

METHODOLOGY

Page 4: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple

There is a wealth of information within these pages. For better readability, we have presented somedata as tables and others as graphs. Between them, you will find how property markets haveperformed in the Oct-Dec 2011 quarter from many different perspectives – from a capitalappreciation perspective, from a rental/yield realization perspective and from a supply ofproperties perspective. Also understand what consumers want in the Demand Anaysis section.

We recommend that you evaluate the city report in its entirety and that will provide a roundedperspective of the performance of the property market within each city. Here are details of whatyou will find in each of the city reports enclosed within -

1. City Property Index – This is a composite index which is a function of supply of properties aswell as the average capital appreciation/drop in various localities of the city in the quarter. Thecity index is the weighted average of the average rate per square foot in that locality and thesupply of properties from that locality. Premium localities (with higher average rate per squarefoot) as well as localities with higher supply of properties will have a bigger impact on theIndex. For example, if the supply of properties from a premium locality drops, that locality willend up having a lower weightage in the index which in turn will push the Index downwards(and vice-versa). On the other hand, supply of properties remaining unchanged, the index willbe influenced by capital appreciation within the locality.

2. Price Monitor - This reflects the capital appreciation/drop within a locality. It is calculatedbasis a movement in the “average rate per square foot” within that locality. By and large, the movement in the “average rate per square foot” reflects capital appreciation/drops. However, in a few select cases, we have observed that the average rate per square footmoves due to a change in mix of apartments within that locality (e.g. if the ratio of premiumapartments, which command a higher per square foot rate, changes over the quarter). In thesefew circumstances, the Price Monitor will, in turn, reflect this input. Such changes have beenexplained in the text of the City reports.

3. Rent Monitor - This reflects the rental appreciation/drop within a locality. It is calculatedbasis a movement in the “average rent per square foot” within that locality. By and large, the movement in the “average rent per square foot” reflects rentalappreciation/drops. However, in a few selected cases, we have observed that the average rentper square foot moves due to a change in mix of apartments within that locality (e.g. if the ratioof premium apartments, which command a higher per square foot rent, changes over thequarter). In these few circumstances, the Rent Monitor will, in turn, reflect this input. Suchchanges have been explained in the text of the City reports.

4. Yield Meter – Yield is the annual rate of return earned on property. Yield meter depicts thegross yield percentages across various localities. Gross yield is a ratio of average annual rentalvalue to the average capital value of the property.

5. Capital Value Tables (given in Annexures) - This shows the actual range of prices withinwhich properties were available in each locality. Prices are shown in rupees per square footbasis; these are the prevailing rates for properties in each locality.

6. Demand Analysis - This analysis of consumer demand is based on searches and requirementsthat users have performed on Magicbricks.com. The top localities by demand gives an insightinto consumers peferences. The demand data has been used to arrive at various aspects ofconsumer requirements including Budget-wise Analysis, Property type Analysis and BHKConfiguration Analysis.

GLOSSARY & DEFINITIONS

Page 5: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple

OCT-DEC 2011

The National Property Index(NPI) went up by over 5% in thequarter Oct-Dec 2011, compared toJul-Sep 2011.

The NPI is a weighted average ofsupply and prices across cities. Ofthe 11 cities covered in the IndiaApartment Index, 8 have risen atthe city level. These includeDelhi, Hyderabad, Noida,Mumbai, Pune, Chennai, Gurgaonand Ghaziabad. In NCR area,Noida and Gurgaon tops the chartby registering 19% and 11%increase, respectively. Followed byMumbai (9%), Hyderabad (6%),Delhi, Chennai, Pune andGhaziabad (2-3%). Kolkata,Bangalore and Ahmedabadshowed stable index values.

The NPI is a weighted average ofcity indices. Mumbai, Gurgaon,Pune and Bangalore were themajor contributors to the NPI.The MagicBricks Propindex isbased on dynamic data minedfrom the portal to show the levelsof supply and the type of

property listed in each locality.These are cleaned with complexalgorithms to remove outliers andarrive at the index values forlocality, city and national levels.

The index is impacted by thenumber and the average price ofproperties in each locality and thelocality’s weightage in the city.This is based on its contributionto the city’s property databank.

Since the listings on the websiteare by end users and marketplayers, the index is based on amix of newly developing andestablished localities as well asnew and old construction.

The composite index value of acity draws from the changingindex values of differentlocalities. Localities that weremore active than others cancontribute significantly to theindex values of that city.

This index is reflective of trendsacross multistorey and singlefloor apartments and residentialhouses.

n National Property Index(NPI) rose over 5%

n Ready-to-move-in propertiesregistered maximum userinterest

n Properties in proximity towork place continued todrive demand

n Maximum demandregistered in the budgetrange of Rs 30-60 lakh

IN THIS REPORT:

National Property Index...............1Delhi.........................................4Gurgaon....................................7Noida & Ghaziabad................... 10Mumbai....................................14Pune........................................17Ahmedabad..............................20Kolkata...........,........................ 23Chennai....................................26Hyderabad................................29Bangalore.................................32Annexures.................................35

NATIONAL PROPERTY INDEX (NPI)

VOL 1, ISSUE 3; OCT-DEC, FY 2011-12

OCT-DEC 2011

Source: Magicbricks.com

Page 6: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple

NATIONAL PROPERTY INDEX

Sales volumes dipped across citiesin the Oct-Dec 2011 quarter. Post-Diwali sales remained sluggish onthe back of a weak globaleconomy and high domestic homeloan interest rates.

Developers started launchingsmaller phases as weaker bankloan regime for the real estateindustry put working capitalpressure on the industry.

In majority of the cities, investorshave been selling units to endusers as soon as the project hitsthe next phase. Maximum demandfor projects has shifted toproperty in the ready-to- move-inor close to possession stages,across cities.

However, demand remained high.Consumers have been activelylooking for the right property.When it comes to making a buydecision, however, many areadopting a wait-and-watch policy.Cities and localities that haveproperty in the ready-to-move-inphase have registered growth.

These have pushed up indexvalues in these cities. In someinstances, where lower pricedproperty has been launchedfurther away from the city alongtransport corridors, index valueshave fallen, though the marketdemand remains robust.

Inner city areas underredevelopment have been indemand across most cities andhave impacted the city.Redevelopment has been a featureof most cities in areas withplotted developments.

Where one locality hassuccumbed to local pressures,such as the land issue in Noida,neighbouring areas with similarprofile have benefitted. This is a

clear indication of robust demandwhich will seek new options.

The Ahmedabad Index valuedropped 0.12%. This is primarilyattributed to availability of lowbase price property developmentsalong the SG Highway. Increase inaverage price of properties inover 75% of the localities arrestedthe free fall of index.

The Bangalore Index rose

VOL 1, ISSUE 3; OCT-DEC, FY 2011-122

Source: Magicbricks.com

Source: Magicbricks.com

Page 7: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple

marginally by 0.43%. In theBangalore real estate market,property developments in andaround the IT corridor continuedto witness user interest. South andEast Bangalore registered themaximum end-user interest.However, influx of properties atlow base price in Electronic Cityarrested the rise in the City Index.In North Bangalore, inadequatephysical infrastructure in certainareas impacted the indexnegatively.

The Chennai Index posted 3%increase. The residential marketacross southern suburbs ofChennai remained up. This isprimarily attributed to twoeconomic drivers in the region-information technology andmanufacturing. Central Chennaicontinued to be the most preferredresidential space, owing toavailability of all physical andsocial infrastructure facilities.

The Delhi Index rose by 3%. Thecity registered increase in averagecapital values in majority of areasacross the city. Localities such asDwarka, Safdarjung Enclave,Paschim Vihar, Hauz Khas andPanchsheel Enclave were themajor contributors to increase inIndex value.

The Ghaziabad Index rose by 2%.Drop in average property prices inareas such as Vaishali andBhopura, due to influx ofproperties at low base price andprofit booking by early investors,impacted the index valueadversely. However, small increaseregistered in average capitalvalues in localities with weightageover 75% managed to hold theindex up.

The Gurgaon Index rose by 11%.Increase in asking values in areassuch as Sohna Road, DLF Phase Vand Golf Course Road impactedthe index significantly.Availability of premiumproperties from reputeddevelopers with lifestyle featuresat ready-to-move-in stage drove theaverage property values up.

The Hyderabad Index value roseby 6%. Residential developmentaround IT hubs such as Kondapur,Gachibowli, Madhapur andMiyapur continued to impact theindex value positively. This isprimarily attributed to persistentuser interest in these areas, owingto good connectivity to the workplace. Planned infrastructuredevelopments such as completionof Outer Ring Road (ORR) areexpected to further boost growthin the city.

The Kolkata Index valueremained stable. Over 60% oflocalities in the city impacted theindex adversely. However, increasein average capital values alongwith the increase in weightageover previous quarter indeveloping areas such as EMBypass and Garia kept the indexunchanged.

The Noida Index value rose by19%. This is primarily attributedto increase in average capitalvalues of property across the city.Secondly, over 70% of localitiesimpacted the index positively. Theongoing land acquisition issuealong Noida Extension has largelybenefited residential developmentin the rest of the city. This resultedin significant increase in indexvalue.

The Pune Index value rose by 3%.Real estate development along theEastern and Western Pune stretchcontinued to push maximum realestate activity. Significant increasein average capital values andnumber of listings in areas suchas Kharadi, Viman Nagar andWagholi, impacted the indexpositively and kept the index valueup.

The Mumbai Index value rose by9%. Traditional localities such asChembur, Kandivali, Malad,Andheri East, Parel and Worliwere the major contributors to theincrease in index value. Theseareas registered increase inaverage capital values as well asincrease in number of listings inthe quarter Oct-Dec 2011.

TOP YIELD GROSSERS

Rental yield is a factor of the changes inrental values locality-wise vis-a-vis thechanges in capital values. Given beloware the top yield-grossing localities ineach city

Locality Gross yield

Kolkata, EM Bypass 5.87%

Bangalore, Electronic City 5.82%

Chennai, OMR 4.68%

Hyderabad, Kondapur 4.58%

Mumbai, Bandra East 4.27%

Pune, Viman Nagar 3.60%

Ahmedabad, Vejalpur 3.41%

Ghaziabad, Indirapuram 3.35%

Noida, Sector-50 3.29%

Gurgaon, Sushant Lok-I 2.89%

Delhi, Vasundhara Enclave 2.56%

CAPITAL GAINS

The table given below indicates maximum increase in capital values ineach city

Locality % Change

Noida, Sector-45 19%

Bangalore, Koramangala 18%

Delhi, Saket 16%

Chennai, Perungudi 15%

Mumbai, Bandra West 15%

Kolkata, EM Bypass 15%

Gurgaon, Sector-67 13%

Hyderabad, Uppal 13%

Ahmedabad, Bodakdev 11%

Pune, Wadgaon Sheri 6%

Ghaziabad, Vasundhara 5%

VOL 1, ISSUE 3; OCT-DEC, FY 2011-123

Source: M

agicbricks.com

Page 8: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple

NOIDA INDEX

The Noida Property Indexcontinued to witness growthquarter over quarter. The CityIndex outperformed the NPI by14%, in the Oct-Dec 2011 quarteras compared to the Jul-Sep 2011quarter.

The Noida Price Monitor tooremained up and registeredincrease of 10%, in line with theCity Index. Spurt in averageproperty values across the city ledto spike in the Price Monitor. Theongoing land acquisition issuealong Noida Extension has largelybenefited the residentialdevelopment in the rest of the city.

The Magicbricks Yield Meterposted returns of 2.76-2.89%.Increase in capital and rentalvalues in Sector-50 made this thehighest yield earner during Oct-Dec 2011.

GHAZIABAD INDEX

The Ghaziabad Property Indexposted 2% increase compared tothe NPI that rose over 5% in theOct-Dec 2011 quarter, compared tothe Jul-Sep 2011 quarter.

The Ghaziabad Price Monitorregistered a drop of 4% duringOct-Dec 2011. Influx of propertiesin Vaishali and Bhopura at lowbase price and profit booking byearly investors are primarilyresponsible for pushing the PriceMonitor downwards.

The MagicBricks Yield Meterremained in the range of 2.61-

3.41%. Indirapuram continued toyield good gross rental returnquarter over quarter. However, thelocality registered aninsignificant drop in yield from3.51% in Jul-Sep 2011 to 3.41% inOct-Dec 2011 quarter. This isbecause of stable rental values incomparison to nominal increasein average capital values inIndirapuram.

NOIDA PRICE MONITOR

The Price Monitor indicates thatthe Noida property marketremained up primarily because ofslowdown in new projectlaunches. Sectors along the Noida-Greater-Noida Expressway andnew developing sectors fromSector 74 to 78 were the frontrunners during Oct-Dec 2011.

PROPINDEX - NOIDA-GHAZIABAD QUICKSTATS - Noida

n Yield Meter: Yield ranges between2.76% to 2.89%

n Capital Values rose in 94% localities

n Rental Value rose in 40% localities

n PropIndex rose from 122 to 144

n Price Monitor rose from 110 to 121

P R I C E M O N I T O R

VOL 1, ISSUE 3; OCT-DEC, FY 2011-1210NOIDA-GHAZIABAD

Page 9: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple

According to Pradeep Shrivastavaof Shrivastava International,strategic location, connectivity toKalindi Kunj and Sarita Vihar andlimited number of ready-to-move-in premium apartments in Sectors93, 93A and 93B, continued to keepthe asking values high.

Sectors such as 137, 168 and 128along the Expressway on the oneside and Sectors 45, 82, 100, and110 on the other side alsowitnessed rise in averageproperty prices.

Manoj Tandon of MadhyamEstate Linkers said projects whichare expected to be completed by

the end of 2012 and projects,where developers have startedhanding over possession inphases, witnessed increase invalues.

Sectors 45, 100 and 110 havelargely ready-to-move-inproperties, and saw end-userinterest.

Shahzad Malik of Sense RealEstate said, “Many users haveswitched searches from NoidaExtension to main Noida areaswhere there is no impact of thefarmer’s agitation. This led tohike in asking values indeveloping sectors 74-78.”

GHAZIABAD PRICE MONITOR

In Ghaziabad, real estate marketvalues rose during the period Oct-Dec 2011. However, there are areassuch as Vaishali and Bhopura,which showed drop in averageproperty prices.

Drop in average property prices inVaishali is primarily attributed toinflux of new inventory at lowbase price by Cloud 9 project ofRishabh Group. On the otherhand, drop in average propertyvalues in Bhopura is majorlybecause of two important reasons.Firstly, the soft launch of Delhi 99city, at lower price compared toother under-construction projectssuch as Oxy Homez. Secondly,profit booking was witnessedfrom early investors. Theseinvestors are selling theirholdings at relatively lower pricethan the revised market prices ofproperties in developing projects.This has pushed the averageproperty value downwards.

Localities that showed upwardtrend in average property values,are Vasundhara, Indirapuram and

RENT MONITOR Rent Price Percentage Change

NOIDA

n Sector 50 posted maximum yield owing topromity to metro station

n Sector 82 witnessed lowest yield, at 2.8%

GHAZIABAD

n Indirapuram posted highest yield at 3.4%marginally lower than the last quarter

n Crossings Republik posted the lowestyield of 2.6%, 0.2% lower than theprevious quarter

QUICKSTATS - Ghaziabad

n Yield Meter: Yield ranges between2.61% to 3.41%

n Capital Values rose in 50% localities

n Rental Value rose in 50% localities

n PropIndex rose from 116 to 119

n Price Monitor rose from 107 to 103

Y I E L D M E T E R

VOL 1, ISSUE 3; OCT-DEC, FY 2011-1211 NOIDA-GHAZIABAD

Page 10: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple

Raj Nagar Extension. On the onehand, Indirapuram andVasundhara registered 3-5%increase in average values on theback of persistent user preferenceand proximity to Delhi and Noida.On the other hand, proposedwidening of Hindon Bridgeconnecting Mohan Nagar toGhaziabad, which is expected toease traffic congestion forcommuters going to Raj NagarExtension had positive impact onproperty values, said Rahul Tyagiof The Property Hub.

NOIDA RENT MONITORNoida Rental Monitor showedthumbs up to areas, which havemetro connectivity and areas inproximity to work centres. Sector50, which is located in proximityto Huda City Centre, continues towitness high rental values.

Sector 61 too continues to holduser interest for properties onlease, mainly on account of itsresidential profile, proximity toindustrial sector, gatedcommunity, availability of allbasic facilities and amenities.Gopal Sharma of Lodhi Estatenoticed that mainly, 1 and 2 BHKlease rentals have gone up, thoughothers remained the same.

Sector-62 registered drop in rentalvalues by 7%. Though, rentalvalues remained fairly stable forsmaller size units. However, 3 and4 BHK apartments witnessingdrop in asking values led to dropin average rental values, addedSharma.

Sector-92 has only one projectoffering properties on lease. It isone of the premium projects inNoida. High quoted rental valuesand limited takers had led tocorrection in asking values.

GHAZIABAD RENT MONITOREnhanced metro connectivitycontinues to boost the rentalmarket in Vaishali andVasundhara. However,Indirapuram registered stablerental values.

Crossings Republik has registereda drop in rental values mainly onthe back of poor connectivity. Theuncertainty on opening ofdumping ground near CrossingsRepublik is another majorcontributor in weakening rentalas well as capital values, saidShetal Prasad Tiwari of GlobalEstate.

DEMAND ANALYSISNoida

Noida is the major hub of IT/ITeSand other commercial and retaildevelopments, with socio-economic infrastructure in place.Localities with good accessibilityfrom metro and properties alongNoida-Greater Noida Expresswayregistered maximum demand.

This is primarily owing to thelarge-scale planned commercialdevelopments along theExpressway. Sectors 93, 93A and 82are in demand because ofavailability of ready-to-move inproperties.

Budget Wise AnalysisResidential demand was highest

in the Rs 30-60 lakh range at 41%.Rs 60 lakh to 1 crore accounted foranother 25% demand. About 25%

demand was for property above Rs 1 crore. Consumer demandpattern across budget rangesindicates that demand is strong inboth middle and luxury propertysegments.

Property Type AnalysisOver 53% of users preferred tobuy multistorey apartments dueto secure living and availablity ofbasic physical infrastructurefacilities such as sewage, waterand power backup facilities.There was a healthy 23% demandfor residential plot, followed by14% users preferring residentialhouses and villas. The remaining9% demand came for single floorunits in low-rise buildings

OCT-DEC 2011

n Noida City Index rose 19%

n Noida Extension litigationbenefits the main Noida Realestate market

n Increased demand for ready-to-move-in properties nearcompletion

n Ghaziabad City Index rose 2%

n Proposed connectivity boostsvalues in Raj Nagar Extension

n Rental values remained up inmetro-connected localities

Noida

Ghaziabad

Budget wise Analysis-Noida50

40

30

20

10

05-30 30-60 60-100 1.0-2.0 2.0lakh lakh lakh crore crore

& above

9%

41%

26%

17%

8%

Top ten searchedlocalities- Sectorwisel Sec-50

l Sec-62

l Sec-137

l Sec-93

l Sec-93A

l Sec-61

l Sec-82

l Sec-44

l Sec-27

l Sec-41

VOL 1, ISSUE 3; OCT-DEC, FY 2011-1212NOIDA-GHAZIABAD

Page 11: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple

BHK Configuration AnalysisThe 3 BHK apartment emerged asthe predominant category with40% consumer demand. Over 33%sought 2 BHK housing in thequarter. Another 17% usersshowed interest in 4 BHK units.This indicates increasedpreference of larger unit sizeproperties in the market, followedby 3% users who looked for 5 BHKhousing. Single workingpopulation in the city drove 8%demand for 1 BHK housing.

DEMAND ANALYSISGhaziabad

Indirapuram and Vaishali are thetop preferred localities. There is aclear shift in consumer interestfrom old localities like Sahibabad,Surya Nagar and Raj Nagar tonewer localities such as Crossings

Republik, Pratap Nagar and RajNagar Extension. Areas closer tometro lines and located alongNH58 and NH24 were in demand.

Budget Wise AnalysisIn the Ghaziabad market,majority of demand was forproperty in the Rs 60 lakh range.Over 50% users were willing tospend up to Rs 30-60 lakh andanother 13%were willing to spendRs 5-30 lakh for an apartment.

While there was 28% demand for ahouse in the Rs 60 lakh to Rs 1crore range, unlike Gurgaon andNoida, the Rs 1 crore and aboverange had negligible demand.Collectively, demand was strongfor middle and upper middleincome housing.

Property Type AnalysisMultistorey apartmentsregistered maximum demand

across the city. There was new andexisting stock available inVaishali, Indirapuram, CrossingsRepublik and Vasundhara. Thiswas followed by demand forresidential house/villa and plotsby 19% users, each. Remaining16% demand was for single floordevelopments.

BHK Configuration AnalysisAbout 73% users showedwillingness to buy 2 and 3 BHKapartments across the region.People working in Noida andDelhi preferred to buy property inthis region, owing to connectivity,affordability and availability ofresidential projects.

Over 13% showed willingness tobuy 1 BHK, followed by 12% userpreference for 4 BHK and 3% for 5BHK units.

Property type analysis

Single Floor Unit

Multistorey Apartment

Residential House

Residential Plot

9%

53%

14%

23%

BHK configuration- Noida5 BHK

4 BHK

3 BHK

2 BHK

1 BHK

0 10 20 30 40

8%

33%

17%

3%

40%

Property type analysis

Single Floor Unit

Multistorey Apartment

Residential House

Residential Plot

16%

46%

19%

19%

Budget wise Analysis-Ghaziabad50

40

30

20

10

05-30 30-60 60-100 1.0-2.0 2.0lakh lakh lakh crore crore

& above

13%

50%

28%

7%2%

BHK configuration-Ghaziabad5 BHK

4 BHK

3 BHK

2 BHK

1 BHK

0 10 20 30 40

3%

12%

38%

13%

Top ten searchedlocalities- Ghaziabadl Indirapuram

l Vaishali

l Vasundhara

l Crossing Republik

l Kaushambi

l Raj Nagar Extension

l Pratap Vihar

l Sahibabad

l Ram Prastha City

l Surya Nagar

35%

Noida

Ghaziabad

VOL 1, ISSUE 3; OCT-DEC, FY 2011-1213 NOIDA-GHAZIABAD

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aNNexuRes

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VOL 1, ISSUE 3; OCT-DEC, FY 2011-1238NOIDA-GHAZIABAD

CAPITAL VALUES – LOCALITY WISE

Average Residential Apartment Prices

NOIDANoida Greater Noida Express Way 3000 to 3350

Sector-104 4700 to 5000

Sector-105 4050 to 4600

Sector-107 3300 to 3700

Sector-110 4400 to 5100

Sector-113 3350 to 3700

Sector-117 3250 to 3650

Sector-119 3250 to 3750

Sector-120 3350 to 3850

Sector-121 3500 to 3750

Sector-129 3750 to 4100

Sector-131 3750 to 4300

Sector-132 3800 to 4200

Sector-133 3550 to 3850

Sector-134 3200 to 3650

Sector-135 3300 to 3600

Sector-143 3150 to 3500

Sector-151 2700 to 3000

Sector-168 3850 to 4300

Sector-21 5500 to 6400

Sector-25 5500 to 6500

Sector-28 6200 to 7550

Sector-29 5550 to 6200

Sector-32 8250 to 9000

Sector-34 5300 to 5950

Sector-37 5500 to 6850

Sector-44 9650 to 11700

Sector-45 4500 to 5050

Sector-46 4150 to 4600

Sector-50 5950 to 6900

Sector-51 5200 to 5700

Sector-52 5700 to 6250

Sector-61 5550 to 6250

Sector-62 5150 to 5850

Sector-74 3450 to 3850

Sector-75 3100 to 3600

Sector-76 3500 to 3750

Sector-77 3550 to 3800

Sector-82 4550 to 5000

Sector-92 6400 to 6900

Sector-93 5650 to 6750

Sector-93A 5350 to 6300

Sector-93B 5500 to 6100

Taj Expressway 3150 to 3650

Noida Extension 2100 to 2400

GHAZIABADAnkur Vihar 2000 to 2300

Bhopura 2000 to 2150

Crossings Republik 2150 to 2450

Gyan Khand 3050 to 3350

Gyan Khand 1 3250 to 3650

Gyan Khand 2 3100 to 3400

Indira Kunj 2950 to 3150

Indirapuram 3500 to 4250

Indraprastha Yojana 2050 to 2200

Kaushambi 4600 to 5250

NH-24 2400 to 2600

NH-58 1850 to 2050

Niti Khand-Indirapuram 3000 to 3350

Pratap Vihar 2400 to 2650

Raj Nagar Extension 1800 to 2050

Ramprastha 4500 to 5050

Sahibabad 2500 to 2900

Shakti Khand 3050 to 3350

Shakti Khand 2 3300 to 3800

Shakti Khand 3 3350 to 3700

Shalimar Garden Extn-2 2450 to 2900

Vaishali 3700 to 4200

Vaishali Extension 3600 to 4500

Vasundhara 3600 to 4100

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

NOIDA-GHAZIABAD

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Page 15: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple
Page 16: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple
Page 17: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple
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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 TEAM

l Content & Research: e Jayashree

Kurup, Dipti Tandon, Rishab Jain,

Puneet Kukreja, atul Gupta

l Layout Design: Harsha Khattar

l Cover Page Design: Raghav Krishnan &

Rahul Nair

l Operations Management: Girish Bindal

VOL 1, ISSUE 3; OCT-DEC, FY 2011-12VOL 1, ISSUE 3; OCT-DEC, FY 2011-12

Page 21: FOREWORD - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdf · India. No credible property index can be a function of direct values as the changes are governed by multiple