FOREWORD - MagicBricksproperty.magicbricks.com/microsite/buy/.../Noida...performance of the property market within each city. Here are details of what you will find in each of the

Happy Diwali and best wishes for the upcoming New Year to all ourreaders!

We are pleased to release the 6th edition of PropIndex in this festivalseason. Property Markets seem to be making a slow but steadycomeback with reducing supply-demand mismatches and a consistentincrease in prices supporting the market growth. PropIndex datasuggests that many markets have witnessed a 2-8% appreciation inprices during the current quarter. Supply of luxury properties is on therise, reflecting growing confidence in the builder community; demandfor the same also seems to be picking up, although at a slower pace thansupply creation. The Land Acquisition Bill, having been cleared by thegroup of ministers (pending parliament approval), and the anticipatedinterest rate cuts also auger well for the markets in the coming months.

As always, we continue to make improvements to PropIndex. Thecurrent issue features new tables that we have added to “Buyer DemandAnalysis” within each city. Additionally, we have shown quarter-wisetrends of how the demand is shifting between the top 10 localities ineach city. Both of these should help explain demand patterns and helpyou to decipher market trends much better. With PropIndex into its 6thquarterly edition, we now have a bank of very useful trends and contentabout market performance at a city/locality level and we shall keepmaking these available to you in later editions of PropIndex. You mayalso visit MagicBricks.com and explore all our content/researchsections which carry ample information about property markets, newsand trends.

Do share with us on whether PropIndex has helped you inunderstanding property markets better and in making a moreintelligent real estate decision. Our team puts its effort in improvingeach new edition to meet this stated objective of PropIndex. Your inputstowards this would direct our efforts much better. Do write in!

FOREWORD

Sudhir PaiBusiness Head, [email protected]

MagicBricksPropIndexMagicBricks.comPropIndex is a tool whichempowers propertyseekers and investors withdetailed information onthe movement ofresidential apartmentprices and supply ofproperties in India. Nocredible property indexcan be a function of directvalues as the changes aregoverned by multiplefactors.

MagicBricks.comPropIndex has taken thisreality into account andproduced an index basedon listing of apartmentsand their capital andrental values on thewebsite.

MagicBricks.com has over 400,000 active propertiesposted by more than1,00,000 active users in 300cities and 3,500 localities.Our users include owners,agents and developers.

MethodologyApartment values arebased on listings onMagicBricks.comPropIndex. These includemultistorey apartmentsand single units on plotteddevelopments, referred toas builder floors onMagicBricks.com.

--The Index is structured

in such a way thatindividual properties areaggregated into respectivecities and then 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 Listed PriceMonitor/Rent Monitor.Therefore, read as a whole,PropIndex along withtables provided for ListedPrice Monitor, RentMonitor, Yield Monitor andCapital Values, 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,industry inputs and logicalinterpretations.

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

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 Jul-Sept 2012 quarter from many different perspectives – from that of capital appreciation, from a rental/yieldrealisation perspective and from the stand of supply of properties. Also understand what consumers want in theDemand Analysis section.

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 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 – From this issue, we have changed the name of “Price Monitor’’ to “Listed PriceMonitor’’ to reflect the metric more clearly – this metric reflects the movement of “listed prices”onMagicBricks.com over a period of time. This metric shows the capital appreciation/drop within a locality &is calculated on the basis of movement in the “average rate per square foot” within that locality. By andlarge, the movement in the “average rate per square foot” reflects capital appreciation/ drops. However, in afew select cases, we have observed that the average rate per square foot moves due to a change in the mix ofapartments within that locality (e.g. if the ratio of premium apartments, which command a higher persquare foot rate, changes over the quarter). In these few circumstances, the Listed Price Monitor will, inturn, reflect this input. 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/drops. However, in a few selected 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-Sept, 2012 and Apr-Jun, 2012 quarters. 7. Realty News – Property market performance is also dependent on drivers outside the purview of buyingand selling. There are broadly four key drivers that determine the prospects of real estate – infrastructuresuch as water and power, transport links creating new growth corridors, policy such as rental laws, propertytax, etc and return on investment. From this issue onwards, PropIndex focuses on news bytes that impactfuture prospects of real estate in the city.

GLOSSARY & DEFINITIONS

JUL-SEPT 2012

The National Property Index(NPI) went up by 2 per cent in theJul-Sept’ 2012 quarter compared toApr-Jun’ 2012 quarter.

The NPI is a weighted average ofsupply and prices across 11 citiesin India.

Of the 11 cities in the apartmentindex, nine have seen a rise whiletwo recorded stable values. Delhi,Gurgaon, Noida-Ghaziabad, Pune,Ahmedabad, Kolkata, Hyderabadand Bangalore saw a rise in thecity index while Mumbai andChennai registered stable values.

Bangalore topped the city indexchart by registering a 7 per centincrease followed by Hyderabad,Gurgaon and Pune with 5 and 4per cent rise, respectively.Ahmedabad, Delhi, Kolkata,Noida and Ghaziabad saw a rise of1-3 per cent in the city indexvalues.The NPI is a weightedaverage of city indices. Mumbai,Gurgaon and Pune were the majorcontributors to the NPI.

The MagicBricks.com PropIndexis based on dynamic data minedfrom the portal to show the levelsof supply and the type of propertylisted in each locality.

These are cleaned with complexalgorithms to remove outliers andarrive at the index values atlocality, 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.

The listings on the website are byend users and market participantsand the index is based on a mix ofnewly developing and establishedlocalities. New and oldconstructions are also a part oflistings.

The composite index value of acity draws from the changingindex values of differentlocalities.

Localities that were more activecompared to others can contribute

significantly to the index values ofthat city. This index is reflective oftrends across multi-storey andsingle floor apartments(commonly known as builderfloors) around 11 cities.

n National property index rose by 2 per cent.

n Six out of 11 cities postedapproximately 50 per centdemand for 2 BHK units

n Affordable areas were morein demand in comparison to premium areas in citiessuch as Pune, Bangaloreand Mumbai.

n 8 cities witnessedmaximum demand forproperties between Rs 30 and Rs 60 lakh

IN THIS REPORT:

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

Delhi.........................................4

Gurgaon...................................10

Noida & Ghaziabad................... 16

Mumbai....................................24

Pune........................................30

Ahmedabad..............................36

Kolkata...........,........................ 40

Chennai....................................46

Hyderabad................................52

Bangalore.................................58Annexures.................................66

NATIONAL PROPERTY INDEX (NPI)

VOL 2, ISSUE 2; JUL-SEP, FY 2012-13

JUL-SEP 2012

2VOL2, ISSUE 2; JUL-SEP, FY 2012-13

NATIONAL PROPERTY INDEX

There are certain commonthreads across cities:

l Areas that witnessed betterroad infrastructure, Metro railconnectivity and betterfacilities saw a rise in values.

l Affordable localities sawincreased buyer demand ascompared to premium localitiesin cities such as Pune,Bangalore, and Mumbai.

l Increased values wereregistered across IT-drivenlocalities in cities such asBangalore, Pune, Kolkata andChennai for both outrightpurchase and lease.

l Similar to the previous quartera growing preference forsmaller sized residential units(1 and 2BHK) was recorded inalmost all the cities.

l Multi-storey apartmentsremained the most sought-afterproperty type across all thecities. Demand for larger unit-size properties was mainlywitnessed in premiumlocalities. Supply of these unitsoutstripped the demand.

During Jul-Sept quarter,Ahmedabad property indexwitnessed an increase of 3 percent. Despite the slow transaction

rate, quoted values maintainedthe index up.

The Bangalore index rose 7 percent in the Jul-Sept quarter ascompared to the NPI that rose byonly 2 per cent. The listed pricemonitor recorded negligibleincrease, reflecting a stablemarket. This was primarily due tothe buyers adopting a cautiousattitude. The Bangalore realtymarket managed to maintain its

steady pace, showing no great tilteither ways. The outskirtsrecorded a rise in capital valueprimarily due to the presence ofIT companies. Places such asSarjapur Road, Electronic City,Brookfields, Marathahalli andBellandur have recorded asignificant growth; however,localities such as Whitefield,Sahakar Nagar and Hormavuhave reported low capital valuechange.

3VOL2, ISSUE 2; JUL-SEP, FY 2012-13

The Chennai property indexremained unchanged during theperiod Jul-Sept quarter ascompared to the Apr-Jun quarter.The NPI during the same periodrose by 2 per cent. The Chennailisted price monitor rose by 8 percent as compared to the Apr-Junquarter. Pallikaranai topped thelist registering a growth of 11 percent, followed by Nungambakkamand Thiruvanmiyur. This may beattributed primarily to its locationand launch of new projects.

The Delhi index rose 3 per cent inthe Jul-Sept quarter as comparedto the Apr-Jun quarter. The listedprice monitor saw a rise of 4 percent within the quarter reflectinga steady price appreciation overthe past six months. Rates havecontinuously moved up. Some ofthe prime areas include Dwarkasector 9, Hauz Khas, Sarita Vihar,East of Kailash, Greater Kailash Iand Uttam Nagar.

The Ghaziabad index rose onlymarginally by a per centindicating that sentiments acrossthe real estate market remainedsubdued. The average listed pricemonitor rose by 1 per cent andstood at 6 per cent from the earlier5 per cent during the Apr-Junquarter. Areas such as CrossingsRepublik, Raj Nagar ExtensionVasundhara have seen themaximum jump. Renewed interestwas observed in CrossingsRepublik after the issue of NoidaExtension brewed for over a year.

The Gurgaon city index saw a riseof about 4 per cent during the Jul-Sept quarter. The listed pricemonitor in Gurgaon saw aconsistent growth of 5 per centover the last six months period,reflecting an overall stability inthe real estate market. However,prices continued to appreciateacross localities. Some prime onesinclude Sohna Road, areas alongthe Dwarka Expressway andsectors 81, 82 and 83..

The Hyderbad city index rose 5 per cent during the Jul-Septquarter. The listed price monitor

of the city too witnessed anincrease of 6 per cent in the saidquarter, recording a slightly lowerpercentage as compared to theprevious quarter. Several projectshave resumed construction andreaching completion pushing thecapital values up in localities suchas Miyapur and Sainikpuri.

The Kolkata property index roseby just a per cent during the Jul-Sept quarter as compared tothe Apr-Jun quarter. In line withsmall rise in the average capitalvalues across, the listed pricemonitor rose by 1 per centindicating that the city real estatemarket hasn’t seen muchappreciation. The appreciation ofvalues across multi-storeyapartments across all localitiesremained subdued. During thequarter Narendrapur, Kalikapur,Behala and New Town Action AreaII witnessed maximum rise.

The Noida index saw a slightupward trend as many projectsthat were held up due to the landrow have now resumedconstruction. Similar to the riserecorded in the NPI, the city indexalso increased by 2 per cent duringthe Jul-Sept quarter as comparedto the Apr-Jun quarter.

The Pune city index rose by 4 percent while the listed price monitorincreased by 3 per cent. Propertiesat affordable price witnessedregular demand in localities inand around IT hubs. This resultedin consistent upward movement inproperty values in areas such asKharadi, Viman Nagar andKalyani Nagar, Hinjewadi, Wakad,Baner Road, Aundh and Pashan.

The Mumbai index remainedstable over the last three months.Even though almost all localitieshad witnessed a rise in capitalvalues, the listed price monitorregistered a decrease of 4 per centduring the Jul-Sept quarter.Though the city remains highpriced. Drop in values in localitiessuch as Parel, Vasai and Colabawere responsible in bringing theaverage listed price monitor down.

TOP YIELD GROSSERS

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

Locality Gross yield

Kolkata, EM Bypass 5.80%

Bangalore, JP Nagar 5.70%

Chennai, OMR 4.95%

Hyderabad, Kondapur 4.65%

Ahmedabad, SG Higway 4.55%

Gurgaon , Sector-31 3.44%

Pune, Viman Nagar 3.33%

Mumbai, Goregaon East 3.11%

Ghaziabad, Indirapuram 2.98%

Noida, Sector-62 2.87%

Delhi, Vasundhara Enclave 2.31%

CAPITAL GAINS

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

Locality % Change

Gurgaon , Sector-85 14%

Ghaziabad, Crossings Republik 11%

Mumbai, Palm Beach 11%

Bangalore, Sarjapur Road 11%

Delhi, Rohini, Sector-24 11%

Chennai, Pallikaranai 11%

Pune, Baner Road 11%

Hyderabad, Miyapur 10%

Ahmedabad, Gurukul 8%

Kolkata, Narendrapur 8%

Noida, Sector-78 6%

NOIDA-GHAZIABAD 16VOL2, ISSUE 2; JUL-SEP, FY 2012-13

NOIDA INDEX

The controversy around landacquisition and problems such asthe farmers’ agitation in severalsectors finally had its impact onthe city’s realty market. Thegovernment has finallyintervened in the matter. Thoughthe National Capital RegionPlanning Board (NCRPB) hasapproved the Greater NoidaMaster Plan 2021, much isrequired to normalise thesituation in the Noida Extensionarea and several other sectors ofNoida where construction workwas stopped after court’s order.

In line with the recent events,Noida property index slightlychanged from the previousquarter. Small upward movementwas seen during the quarter.Similar to the NPI which rose by 2 per cent the city index alsoincreased by 2 per cent during the

Jul-Sept quarter as compared tothe Apr-Jun quarter.

The average listed price monitorsaw a rise of 4 per cent. “Cost ofproperties in Noida and adjoiningareas has gone up by 15-20 percent in the last one year. Incomparison to other regions,Noida has seen decentappreciation due to its strategiclocation and connectivity withother areas in the NCR,” saidManoj Gaur, managing director,Gaursons India Ltd., a Ghaziabad-based developer firm. Themoderate increase in averagecapital values in most sectors of

Noida pushed the price monitorduring the three months period.

The MagicBricks.com yield meterposted returns in the range of2.75-2.87 per cent during the Jul-Sept as compared to the rangeof 2.44-3.03 per cent in Apr-Junquarter. Sector 62 posted highestyields due to regular demand fromthe working population in thelocality. Sector 82 saw the lowestyield, as the societies here lackmodern facilities such as powerback up, club houses andgymnasium.

GHAZIABAD INDEX

The city is another satellite regionof the NCR offering residentialhousing. It offers a mix of options.However, sentiments across the

L I S T E D P R I C E M O N I T O R

QUICKSTATS - Noida

n Yield Meter: Yield ranges from 2.75%to 2.87%

n Capital Values rose in 94% localities

n Rental Value rose in 60%localities

n City Index rose from 155 to 158

n Price Monitor rose from 135 to 140

PROPINDEX - NOIDA-GHAZIABAD

NOIDA-GHAZIABAD17VOL2, ISSUE 2; JUL-SEP, FY 2012-13

real estate market remainedsubdued. This was evident fromthe city’s property index that roseby a per cent during the Jul-Septquarter.

The average listed price monitorrose by 1 per cent and stood at 6per cent from 5 per cent duringthe Apr-Jun quarter.

This was represented by a markedchange in average capital valuesin several localities. Localitiessuch as Crossings Republik, RajNagar Extension Vasundharahave seen the maximum jump of11, 10 and 8 per cent, respectively.“Though preference for bigger3BHK units is increasing, demand

for 2BHK units is still high,” saidSalil Kumar, associate director,Assotech Realty (P) Ltd.

The MagicBricks.com yield meterdid show some dip. During theJul-Sept quarter it dropped in therange of 2.30-2.98 from the earlierrange of 2.31-3.13 during the Apr-Jun quarter. Indirapuramcontinued to post highest yieldduring the six months period.Their yields stood at 2.98 due to itsstrategic location and regulardemand for properties, both onlease as well as out-rightpurchase.

LISTED PRICE MONITOR - NOIDA

Planned development of Metronetwork, improvement of roadtransport and opening of moreoffices and setting of multi-nationals have attributed to theoverall growth of capital values inthe Noida city. Opening of theYamuna Expressway, Formula 1 racing events and expected nightsafari along the expressway haveadded value to the investmentpotential of the city. Some sectorsin the city offer residential unitsalmost at the same rates asavailable in upmarket Delhi.

According to MagicBricks.comdata, sectors that witnessedmaximum appreciation weresectors 50, 76, and 78. Sectors 82,62, 93B and 137 followed. “Sector50 is a developed area and offers

RENT MONITOR Rent Price Percentage Change

QUICKSTATS - Ghaziabad

n Yield Meter: Yield ranges from 2.30%to 2.98%

n Capital Values rose in 83%localities

n Rental Value rose in 25% localities

n City Index rose from 132 to 133

n Price Monitor rose from 124 to 132

Locality RankQ2 Q1

Sector-50 1 1

Sector-62 2 2

Sector-82 3 6

Sector-61 4 3

Sector-137 5 4

Sector-78 6 7

Sector-93 7 5

Sector-100 8 8

Sector-119 9 -

Sector-110 10 -

Top ten sector - Noida

Note: Q2 Jul-Sep 2012, Q1 Apr-Jun 2012

Noida offers a variety ofoptions in residentialsegment which hasluxury as well as themebased projects.Developers are comingout with new projects inNoida region at varyingrates. Buyers will havemany options to choosefrom.

Mohit AroraDirectorSupertech Ltd


metro connectivity within a rangeof 500 meters. It is also close tosector 18 and Delhi’s Mayur Vihar.As a result, the properties herecontinue to see appreciation,”said Rajiv Sood of Soodproperties, a local realtor.

Sectors 76 and 78 too saw anincrease in demand mainly due tothe proposed Metro line which isto be complete by 2012-2013, andhigh-end projects with betteramenities. These localities areclose to the business centres suchas sectors 61, 62 and 63. Sectors137 and 93B also remain favouriteamong prospective buyers as theyare strategically located and offergood options to buyers. Sector 137again has a proposed Metro line

and its proximity to otherdeveloped sectors of Noida. Thecapital values in sector 93Bincreased because the area offersready-to-move-in apartments.“The basic sale price here rangesbetween Rs5,500-6,500 per sq ft,”added Sood of Sood Properties.

Maximum demand is seen for 2 and 3BHK configuration.Because of the demand, thesupply in these two categories hassignificantly increased in the lasttwo quarters. Preference forbigger apartments is clearlyvisible in well-developed sectorsof Noida such as sectors 25, 29, 44and 50.

LISTED PRICE MONITOR -GHAZIABAD

Ghaziabad has seen a constantsupply of apartments andresidential units. It caters to thoselooking for affordable living aswell as people from the high-income bracket.

Trans Hindon areas continued towitness price appreciation.Developed localities such asIndirapuram, Raj NagarExtension, Vaishali, CrossingsRepublik witnessed rise in capitalvalues. “There is a renewedinterest in Crossings Republikafter the issue of Noida Extensionbrewed for over a year. Newlaunches in the areas are againpulling buyers and investors,”said SK Singh of U-LikeProperties, a local realtor. The

demand was mostly for the 2 and 3 BHK categories. In OldGhaziabad residential houseswere also preferred over multi-storey apartments.

Developed localities such asVasundhara and Vaishalicontinue to remain the favourite.However, the scarcity of newsupply and additional space forany new development is leavingdevelopers with very little scopefor creating new projects. The twoareas continue to witnessappreciation in capital values dueto their proximity to Anand Viharand improved connectivity, saidrealtors in the region.

NOIDA

n Sector 62 continued to post maximumyield quarter-over-quarter.

n Sector 82 posted lowest yield.

GHAZIABAD

n Indirapuram posted highest yield in lastone year.

n Crossing Republik posted lowest grossyield with 2.30 per cent.

Y I E L D M E T E R

JUL-SEP 2012n Noida city index increased by

2 per cent

n New supply in office spacecategory and improvedconnectivity pushed up capitalvalues

n Rental demand remained highin localities with metroconnectivity

n Ghaziabad city index increasedby 1 per cent

n More than 50 per cent demandrecorded for 2BHK units

n Indirapuram and Vasundharawitnessed maximum demandfor properties on lease

Sanjeev SrivastavaManaging DirectorAssotech Ltd

In Jul-Sept quarter themarket performanedbetter. There is excellentfuture of real estate inthis region. Manyinfrastructuraldevelopments are inpipelines. These willboost the demandfurther for all the asset class.


Indirapuram on the other handexcels in comparison toVasundhara and Vaishali becauseof its connectivity with theNational Highway 24 andproximity to the commercialdistricts of Noida.

Sectors 62, 63 and 64 are locatedacross the highway and arecentres of commercial activity inNoida. Indirapuram, thereforealso has properties in resale.

Bhopura is one exception as it sawa correction of 6 per cent duringthe Jul-Sept quarter as comparedto the Apr-Jun quarter.

RENT MONITOR - NOIDA In Noida, sectors 50, 61, 62 and 82came up as popular rentaldestinations for those looking forresidential rental space.

Among these, sector 82 saw themaximum change of 14 per centduring the Jul-Sept quarter ascompared to the Apr-Jun quarter.

Increased rental values in theselocalities can be attributed to theproximity of these locations tooffices and important areas andmetro connectivity.

Presence of major commercialcomplexes in almost every sectormakes it a favourable rentaldestination for even those whowork in Delhi and do not mindcommuting to Delhi.

While rental values in sector 62remained unchanged rents insector 92 saw a drop of 2 per cent.

City based realtors say that this ismainly because the area has ahigh demand and the rentalvalueshave sky-rocketed in this part ofthe city.

RENT MONITOR - GHAZIABADIn comparison to Noida,lowerrental values in Ghazibad hasmade it a rental destination.

Indirapuram and Vasundhara sawmaximum hike in rental valuesduring the Jul-Sept quarterbecause of easy accessibility toneighbouring cities via NationalHighway 24, east Delhi andimproved infrastructure.

Realtors in the region said thatthe two localities fulfil themaximum demand in the rentalspace, as the two are closer toNoida and Delhi. Peoplepreferring to stay close to theirwork places look for two to three-bedroom apartments.

These are also in great demandbecause of the high number ofstudent population wanting to livecloser to colleges located inGhaziabad and neighbouringNoida. This has also helped inincreasing the rental values inareas such as Indirapuram andVasundhara.

Prices in NCR to rise with Ghaziabad-G Noida Link RoadThe approval by state authorities on resuming the construction ofthe 22-km long link road between the two NCRs — Greater Noidaand Ghaziabad, has raised hopes of real estate developers andbuyers invested in both the areas. The under-construction roadconnects Zeta sector in Greater Noida to Vijay Nagar Bypass onNH24. There is only 1.5 km of the passage left to complete this 130m wide link road. Once done, the areas that are most likely toreap benefit from this link road would include the Zeta sector ofGreater Noida and Crossings Republik in Ghaziabad. The road,which has been under construction for the last nine years, hasbeen affected due to farmer’s agitation in Greater Noida.

n The Times of India

Colonies near Yamuna Expressway to get link road To provide hassle-free connectivity for sectors coming up alongthe Yamuna Expressway, the authority has sped up work on thetoll free service road parallel to the speedway. The YamunaExpressway Industrial Development Authority (YEIDA) claims tohave already completed over 50 per cent of the construction workand the service road will be ready for use within a year. The 36kmlong service road running parallel to the e-way is beingconstructed between the zero point near Galgotia College (wherethe Noida-Greater Noida Expressway meets Yamuna Expressway)and Jewar. It would be opened to traffic by middle of next year.

n The Economic Times

R E A L T Y N E W SThe twin cities’ real estate markets have been highly active and productive for each market participant. While both citieshave benefitted from the already existing and proposed metro network policy announcements such as revision of circle ratesand increasing the floor area ration have pushed the rates up in recent times

Despite rising cost ofmaterial and labour,prices have not movedup significantly.Undoubtedly willingnessof investors to go theremakes it a favouriterealty destination. Thecity will continue to offerreasonably low ratescompared to Delhi.

Anil Kumar SharmaCMDAmrapali Group

To read full story and more news go to www.content.magicbricks.com

Locality RankQ2 Q1

Indirapuram 1 1

Vaishali 2 2

Crossings Republik 3 3

Vasundhara 4 4

Raj Nagar Extension 5 5

Kaushambi 6 6

Govindpuram 7 8

Shalimar Garden Extn-1 8 7

Sahibabad 9 9

Vaishali Extension 10 10

Top ten localities - Ghaziabad

Note: Q2 Jul-Sep 2012, Q1 Apr-Jun 2012


NOIDABudget Wise Analysis

Increasing buyer interest wasrecorded for properties betweenRs 30 lakh to 1 crore in Noida

during the Jul-Sept quarter,making it the most preferred priceband. City has an adequate supplywithin this bracket. Demandhowever, declined for propertiesin the price range of up to Rs 30lakh. Only slight variations were

recorded in the demand andsupply statistics for property indifferent budget categories ascompared to the last quarter.

The new developing sectors ofNoida registered the maximumdemand in the Rs 30 lakh to Rs 1 crore budget categories. Thesupply of these units however,saw a drop of 6 per cent ascompared to the previous quarter.A healthy demand for theseproperties was also recordedalong the Noida-Greater NoidaExpressway and in localities ofOld Noida. Demand and supply inthis particular budget rangeremained largely stable over thepast six months in these areas.

Localities in the old Noida sectorssuch as 50, 61 and 62 generatedalmost 50 per cent of the demandfor high-end properties in therange of Rs 1 crore and above. Ahealthy level of buyer intereststill persists despite a minor dipin demand as compared to Apr-Jun quarter. While supply hasmostly stayed stable in the OldNoida region small positivefluctuations were seen in the newdeveloping sectors.

Limited demand and supply wasregistered for property below Rs 30 lakh across all zones. Notmuch real estate activity waswitnessed for this category sincethe last quarter as the demandand supply statistics remainedalmost constant.

Property Type AnalysisMulti-storey apartmentscontinued to be the most preferredproperty type in the city. Ascompared to the last quarter, bothdemand and supply witnessed amarginal increase of 2 per centfor multi-storey apartments. Ahealthy demand and supply ratiois maintained for these units inNoida. Almost similar demandand supply ratio was recorded for

B U Y E R D E M A N D A N A LY S I S

100

80

60

40

20

0<30 30-60 60-100 100-200 200 &

above

2Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

2

23 2636

40

2521

13 11

(Apr-Jun’12)

(Jul-Sep’12)

Budget wise Analysis - City Level

DEMAND

100

80

60

40

20

0<30 30-60 60-100 100-200 200 &

above

5Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

6

33 31 25 27

19 19 17 16

(Apr-Jun’12)

(Jul-Sep’12)

SUPPLY

Budget wise Analysis - DEMAND

120

100

80

60

40

20

0

Q1 (Apr-Jun’12)

Q2 (Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)

New Developing Sectors Noida-Greater Noida Expressway Old Noida

upto Rs 30 lakh Rs 30-60 lakh Rs 60 lakh-1 crore Rs 1-2 crore Rs 2 crore and above

Q1 Q2

4842

Q1 Q2 Q1 Q2

33

33

New

39

Budget wise Analysis - SUPPLY

120

100

80

60

40

20

0

Q1 (Apr-Jun’12)

Q2 (Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)


upto Rs 30 lakh Rs 30-60 lakh Rs 60 lakh-1 crore Rs 1-2 crore Rs 2 crore and above

Q1 Q2

56

Q1 Q2 Q1 Q24651

New

27

37

47

25

32

32

35

17 11

35

13 11

23 21

25 27

18

15 17

17

29

7611

33

6

31

15

23

13

20

31

9

26

18

5 4

19

30

5


residential houses and plots at thecity level. While the supply ofresidential houses has dropped by7 per cent from the previousquarter, it has shown an upwardtrend of 4 per cent for plots.

A uniform high demand wasobserved across various regionsof Noida for multi-storeyapartments. Except the Old Noida

region the level of supplymatched the demand in mostparts of the city. The old Noidaregion saw a supply shortage of 27 per cent. However, thisequation is slightly better that theApr-Jun quarter where a shortageof 34 per cent was recorded.

Highest demand and supply ratiofor residential houses was seen in

the old Noida region. Supply forthese units was found to be morethan double the existing thedemand in the area. However,supply levels of residentialhouses in old Noida localitieshave witnessed a drop of nearly 20 per cent since the last quarter.

A stable demand and supply ratiowas observed in the city for plotsexcept in the old Noida regionwhere the supply exceededdemand by 10 per cent in the Jul-Sept quarter. Supply of theseproperty units has risen by 3- 9 per cent in different areas ofthe city.

BHK Configuration AnalysisApartments in the 2BHKconfiguration have been the mostsought after in Noida during theJul-Sept quarter. Nearly 50 percent of buyers showed aninclination towards these units.The supply of these units fellshort by 14 per cent at the citylevel. The second most preferredconfiguration, 3BHK units,witnessed an oversupply of 8 per cent at the city level. Anoversupply of 13 per cent wasregistered for large residentialunits having 4BHK and abovespecifications.

The supply was found to belacking in case of 1BHK units.The demand and supply figureshave remained almost unchangedsince the Apr-Jun quarter.

New developing sectors of Noidasuch as sector 74, 76, 78 and 119witnessed the maximum demandfor 2 BHK units as compared tothe other regions in the city.Demand for these units indifferent areas of the city hasdepicted negligible variationssince the last quarter.

Supply of these units hasremained low as compared to thehigh demand. While it fell shortby varying margins in all zonesmaximum disparity was seen inlocalities of old Noida, wherethere was a shortage almost 30 percent. Even though 3BHK units are

Property wise Analysis - City Level

100

80

60

40

20

0

81 83

10 9 9 8

(Apr-Jun’12)

(Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Residential Residentialapartment house plot

DEMAND SUPPLY

100

80

60

40

20

0

77 79

158 8

12

(Apr-Jun’12)

(Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Residential Residentialapartment house plot

Property wise Analysis - DEMAND

120

100

80

60

40

20

0

Q1 (Apr-Jun’12)

Q2 (Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)


Multistorey apartment Residential house Residential plot

Q1 Q2 Q1 Q2 Q1 Q2

New

8987 85 85

7774

Property wise Analysis - SUPPLY

120

100

80

60

40

20

0

Q1 (Apr-Jun’12)

Q2 (Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)


Multistorey apartment Residential house Residential plot

Q1 Q2 Q1 Q2 Q1 Q2

New

9092

87 8254

35

8 7 10

5

10

5

7

19

617

5 8 10 13 7 16

4050


a preferred category amongbuyers, a slight drop in demandwas seen from the previousquarter across the city. Althoughsupply of these units surpasseddemand in all the regions, areduction in the availability ofthese units was visible within thisquarter as compared to the lastquarter. The maximum disparity

between demand and supply wasseen in the new developing sectorsof Noida with supply outstrippingdemand by 13 per cent. Similar tothe Apr-Jun quarter maximumdemand for 1BHK apartmentscame from old Noida region. Butthere has been a huge gapbetween the demand and supplywith the latter falling

considerably short by 15 per cent.The supply has gone down to 2 percent during the Jul-Sept quarterfrom 9 per cent in the Apr-Junquarter.

Demand for 4BHK and above unitsremained low across the city. Anotable rise of 25 per cent in thesupply of these units waswitnessed in the old Noida region.

An oversupply of 38 per cent wasseen for large housing units inthis part of the city. Other regionstoo registered an excess supply of8-9 per cent.

GHAZIABADBudget Wise Analysis

The satellite city witnessed themaximum demand for propertiesin the budget range of Rs 30 lakhto 1 crore during the Jul-Septquarter. About 80 per cent ofbuyers are showing interest forthis price band.

While the demand for units in theRs 30-60 lakh budget dippedslightly by 4 per cent since Apr-Jun quarter it increased by 4 per cent for properties betweenRs 60 lakh and 1 crore. The supplyremained almost similar to that ofthe previous quarter.

It outstripped demand marginallyfor the Rs 30-60 lakh category andfell short by 12 per cent for unitsin the range of Rs 60 lakh to 1 crore. Moderate demand wasrecorded for property below Rs 30 lakh and above Rs 1 crore.

However, as opposed to most othercities, Ghaziabad saw a healthysupply of properties below Rs 30 lakh. The supply outstrippeddemand by 14 per cent.

On the other hand, supply of high-end properties saw a shortfall of 4 per cent, a 2 per cent dip fromthe Apr-Jun quarter.

Property Type AnalysisAlmost 80 per cent of buyers inGhaziabad displayed an interest

BHK Configuration - City Level

100

80

60

40

20

0

11 12

46 4639

37

4 6

(Apr-Jun’12)

(Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)

1 BHK 2BHK 3 BHK 4BHK &above

DEMAND SUPPLY

100

80

60

40

20

0

4 4

33 32

46 45

1619

(Apr-Jun’12)

(Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)


BHK Configuration - DEMAND

120

100

80

60

40

20

0

Q1 (Apr-Jun’12)

Q2 (Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)


1 BHK 2 BHK 3 BHK 4 BHK & above

Q1 Q2 Q1 Q2 Q1 Q2

New

535244

47

42

46

BHK Configuration - SUPPLY

120

100

80

60

40

20

0

Q1 (Apr-Jun’12)

Q2 (Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)


1 BHK 2 BHK 3 BHK 4 BHK & above

Q1 Q2 Q1 Q2 Q1 Q2

New

4950

47 45 42

44

36

19

5

42

9

366

44

6 9

41

7

16

356

31

17

41

6 10

36

19

32

16

34

5

30

9

18


in multi-storey apartments, atrend observed even in the Apr-Jun quarter. The supplyhowever, fell short by hugemargins recording a drop of 6 percent from the Apr-Jun period.

Demand-supply ratio forresidential houses and plotsremained low indicating ascarcity of these properties.

During the Jul-Sept quarter, thecity witnessed a jump of 6 percent in the supply of single floor

apartments. However, demand forthese units has remained subduedover the past six months. Thesupply outstripped demand bylarge margins in the Jul-Sepquarter.

BHK Configuration AnalysisAs witnessed in the previousquarter, property seekers inGhaziabad continued to prefer 2 and 3 BHK units. Slightly morethan 80 per cent demand wasrecorded for these configurations.

However, the demand and supplystatistics have not fluctuatedmuch from the previous quarterreflecting a stable market over thepast six months.

The city’s real estate market hasnot seen the kind of uncertaintylike its neighbouring Noida andGreater Noida belt.

While the supply for 2 BHK unitsfell short by nearly 10 per cent itover shot the demand by 11 percent for 3BHK units.

Moderate demand was recordedfor 1 BHK configuration. Thedemand for the segment rose 3 percent in the Jul-Sep quarter ascompared to the Apr-Jun quarter.

Keeping pace with the increasingdemand, supply too saw anupward trend. It inched upwardsin the present quarter to 11 percent from 9 per cent in the Apr-Jun period.

However, the supply still fell shortby 4 per cent.

Demand for large residentialunits remained unchanged overthe last six months period.However, the supply has shown aslight increase of 2 per cent fromthe previous quarter over-shooting the existing demand by 4 per cent.

100

80

60

40

20

0<30 30-60 60-100 100-200 200 &

above

11

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

8

51 47

28 32

8 102 3

(Apr-Jun’12)

(Jul-Sep’12)

Budget wise Analysis - City Level

DEMAND

100

80

60

40

20

0<30 30-60 60-100 100-200 200 &

above

21

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

22

49 49

21 20

6 72 2

(Apr-Jun’12)

(Jul-Sep’12)

SUPPLY

Property wise Analysis - City Level

100

80

60

40

20

0

78 77

14 13

4 4 4 5

(Apr-Jun’12)

(Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residentialapartment floor house plot

DEMAND

100

80

60

40

20

0

5246 42

48

2 1 4 5

(Apr-Jun’12)

(Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residentialapartment floor house plot

SUPPLY

BHK Configuration - City Level

100

80

60

40

20

0

12 15

55 53

29 28

4 4

(Apr-Jun’12)

(Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)


DEMAND SUPPLY

100

80

60

40

20

0

9 11

4744

37 37

6 8

(Apr-Jun’12)

(Jul-Sep’12)

Fig

ures

in p

erce

ntag

e(%

)


Ghaziabad offers a mix of high-end and lowpriced properties. Within the NCR, the city has witnessed one ofthe best supply ofhousing. The region willcontinue to witnessappreciation due to thehuge demand forhousing.

Manoj GaurMDGausons India Pvt.Ltd.

ANNExURES

NOIDASector-21 5700 to 6950

Sector-25 6400 to 7700

Sector-25A 7050 to 8800

Sector-29 6900 to 8950

Sector-32 7250 to 8600

Sector-34 6450 to 7650

Sector-37 7050 to 8050

Sector-44 9150 to 12200

Sector-45 5550 to 6150

Sector-46 4450 to 4750

Sector-50 7100 to 8600

Sector-51 6100 to 7400

Sector-52 6000 to 6950

Sector-53 5250 to 6450

Sector-61 6650 to 7850

Sector-62 5400 to 6650

Sector-70 4750 to 5250

Sector-74 4100 to 4700

Sector-75 3900 to 4400

Sector-76 4400 to 4850

Sector-77 4150 to 4650

Sector-78 4300 to 4900

Sector-79 3750 to 4100

Sector-82 5350 to 6300

Sector-92 6900 to 7950

Sector-93 6050 to 7550

Sector-93A 6250 to 8000

Sector-93B 6300 to 7450

Sector-94 8750 to 10900

Sector-99 4600 to 5400

Sector-100 5000 to 5550

Sector-104 6600 to 7700

Sector-105 5350 to 6550

Sector-107 4550 to 5600

Sector-110 4850 to 5350

Sector-113 3600 to 4000

Sector-117 3750 to 4350

Sector-118 3650 to 4100

Sector-119 4050 to 4800

Sector-120 4300 to 4900

Sector-121 3950 to 4400

Sector-128 6050 to 7900

Sector-129 3800 to 4300

Sector-131 4000 to 4750

Sector-133 3600 to 4000

Sector-134 3350 to 3750

Sector-135 3950 to 4450

Sector-137 4250 to 4900

Sector-143 3600 to 4150

Sector 143A 3750 to 4250

Sector-143 B 3800 to 4150

Sector-150 3150 to 3600

Sector-151 2650 to 2950

Sector-168 4200 to 4700

GHAZIABADAnkur Vihar 2250 to 2700

Crossings Republik 2700 to 3200

Dilshad Plaza 2500 to 3050

Govindpuram 2150 to 2550

Gyan Khand 1 4000 to 4650

Indirapuram 4400 to 5550

Indraprastha Yojna 2450 to 2850

Kaushambi 4850 to 6350

Mohan Nagar 3550 to 3950

Neeti Khand 1 4200 to 5250

Neeti Khand 2 4250 to 5500

NH-24 2650 to 3250

NH-58 2050 to 2850

Pratap Vihar 3050 to 3700

Raj Nagar 2100 to 2550

Raj Nagar Extension 2250 to 2750

Ram Prastha 5300 to 6650

Sahibabad 2250 to 3150

Shakti Khand 2 3650 to 4400



Shalimar Garden Extn-1 2850 to 3500

Shalimar Garden Extn-2 3000 to 3650

Surya Nagar 5950 to 7650

Vaishali 5200 to 6150

Vasundhara 4250 to 5100

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)


CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

NOIDA-GHAZIABAD

VOL2, ISSUE 2; JUL-SEP, FY 2012-13

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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Documents

FOREWORD - MagicBricksproperty.magicbricks.com/microsite/buy/.../Noida...performance of the property market within each city. Here are details of what you will find in each of the