Hyderabad December Report-ICICI Properties

GET THE BIG PICTUREON HYDERABAD RESIDENTIAL PROPERTY

DECEMBER 2009

Hyderabad - the city of art, history, and tradition.

The land where different cultures flourish together in

perfect harmony making it one of the most enchanting places

in the world. Hyderabad's warm hospitality,

impressive monuments, and technological progress

will take you through an amazing journey of its glorious

past and a spirited voyage into its promising future.

We now present to you the

a comprehensive review of this magnificent city and

the real estate it has to offer.

HYDERABADResidential Property Report

HYDERABAD - City Fact File

Hyderabad is the capital city of Andhra Pradesh. The district, having a population of 3.8 million (as per

2001 Census), is spread across 217 sq. km. It is the fifth largest city of India. The city was founded by

Muhammad Quli Qutb Shah, Sultan of the Qutb Shahi dynasty, in 1590. A multitude of influences have

shaped the character of the city, and today it is known as the city of pearls, lakes and, lately, for IT

companies. Its palaces and buildings, houses and tenements, gardens and streets have a history and an

architectural individuality of their own.

History

The history of Hyderabad begins with the establishment of the Qutb Shahi dynasty. Quli Qutb Shah

seized the reins of power from the Bahamani kingdom in 1512 and established the fortress city of

Golconda. Inadequacy of water, and frequent epidemics of plague and cholera persuaded Qutb Shah to

venture outward to establish a new city with the 'Charminar' at its centre and with four great roads fanning

out four cardinal directions. Hyderabad's fame, strategic location and Golconda's legendary wealth

attracted Aurangzeb who later captured Golconda after a long seize, in 1687, post which the city fell into

partial ruins.

However, after Aurangzeb's death in 1707, the Empire rapidly declined. At that time, the Deccan was

administered by a subedar or viceroy of the Mughal Emperor. Mir Quamaruddin, the Governor of the

Deccan, who bore the title of Nizam-ul-Mulk Feroze Jung Asif Jah, declared his independence from

Mughal rule in 1724.

He thus became the first Nizam and the founder of the Asif Jahi dynasty. The seven Nizams of the Asif Jahi

dynasty ruled the Deccan for nearly 224 years, right up to 1948. During the Asif Jahi period, Persian, Urdu,

Telugu and Marathi developed simultaneously. The highest official positions were given to deserving

persons irrespective of their religion.

Persian was the official language up to 1893 and then Urdu up to 1948. When the British and the French

spread their hold over the country, the Nizam soon won their friendship without bequeathing his power.

Civic Administration

Hyderabad, a former princely state of South Central India, is now an administrative, commercial and

transportation hub of Andhra Pradesh. Its two-tier administrative units are comprised of the Municipal

Corporation of Hyderabad (MCH) and the Hyderabad District Administration. The civic administration of

the city is controlled by the MCH.

MCH is responsible for the civic maintenance and infrastructure of the city. It comprises 100 corporators,

one from each of the 100 wards (localities) of the city.

The city is composed of Hyderabad district in Andhra Pradesh, and comes under the jurisprudence of the

District Collector. The metropolitan area encompasses the Ranga Reddy District, which was carved out of

an earlier unified Hyderabad district.

Infrastructure

Hyderabad Metropolitan Development Authority (HMDA) looks after the infrastructure development

of Hyderabad.

The title "Faithful Ally of the British Government" was bestowed on Nizam VII. Though the British stationed

a Resident at Hyderabad, but the state continued to be ruled by the Nizam.

The rule of the seven Nizams saw the growth of Hyderabad both culturally and economically. Huge

reservoirs, like the Nizam Sagar, Tungabadra, Osman Sagar, Himayath Sagar and others were built.

Survey work on Nagarjuna Sagar had also begun during this time. Hyderabad, under the Nizams, was the

largest princely state in India. Area wise, it was as big as England and Scotland put together. The State had

its own currency, mint, railways, and postal system. There was no income tax. Soon after India gained

independence, Hyderabad state merged with the Union of India. In 1956, the map of India was redrawn

into linguistic states, and Hyderabad became the capital of Andhra Pradesh.

SEZ Update

There are about 35 notified SEZs (Specialised Economic Zones) in Hyderabad as on November 11, 2009

Majority of the SEZs belong to IT/ITES (88%) as is reflected in the chart below.

.

Road Connectivity: Hyderabad is well

connected to other cities by NH-7 and NH-9 and

through state highways. The internal ring road

along with the elevated expressway enhances the

internal connectivity of the city. An outer ring road

(ORR) is proposed stretching a length of nearly

160 kilometers, which should ease out the

congestion.

Air connectivity: Hyderabad is well connected

by air with other metro cities like Mumbai, Delhi,

Chennai and Bangalore. Internationally it is

connected with Sharjah, Singapore and New York

through

Rail connectivity: Multi-Modal Transport System (MMTS) is Hyderabad's city train service. It was

flagged off on August 9, 2003. An associate of the South Central Railway (SCR), it is presently running 84

services a day, covering 27 stations and connecting Secunderabad, Falaknuma and Lingampally, over

the existing railway network. Around 65,000 to 70,000 commuters use MMTS everyday. The second

phase covers Medchal and Bibinagar. Apart from this, the Hyderabad Metro rail will connect Miyapur and

Chaitanyapuri in one direction and Tarnaka to Silparamam on another direction which will make the

travel time less and also reduce pollution. One railway line is proposed along the ORR as well.

With these developments expected to be completed by 2011, infrastructure in Hyderabad will improve

considerably.

Rajiv Gandhi International Airport.

Hyderabad Airport

SEZ classification as per Usage

IT/ITES Electronics Hardware Gems & Jewellery Mfg & Developing Services Sector

88%

3%3% 3% 3%

Source: Ministry of Commerce & Industry, Dept. of Commerce

A detailed list of SEZs in Hyderabad is tabulated below

Cognizant TechnologySolutions

DivyaSree NSLInfrastructure Pvt. Ltd.

DLF CommercialDevelopers Ltd.

Andhra Pradesh Industrial Infrastructure Corporation

Brahmani Infratech Pvt. Ltd.

CMC Ltd.

1

2

3

4

5

6

Electronics Hardware

IT/ITES

IT/ITES

IT/ITES

IT/ITES

Ranga Reddy District

RangaReddy District

RangaReddy District

Sr.No.

Name TypeLocation

RangaReddy District

RangaReddy District

RangaReddy District

IT/ITES

16.19

10.52

10.617

60.7

20.59

Area inHectares

111

Operational

Under Construction

Operational

Proposed

Operational

Status

Completed

Under Construction

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

Location

Manufacturing & developing of semi-conductor facility with

Free Trade & Warehousing Zone120.068

10.337 IT/ITES

IT/ITES 20.2349

Gems & Jewellery 80.9310

IT/ITES 60.711

IT 60.9412

IT/ITES 47.613

IT/ITES 28.3314

IT/ITES 1015

Services Sector 108.4916

IT/ITES 11.7717

M/s Andhra Pradesh Industrial Infrastructure Corporation Ltd.

IT/ITES 20.5318

Mahaveer Skyscrapers Ltd. 22.7819 IT/ITES

IT/ITES 15.9620

IT/ITES 29.8721

Sr.No.

FAB City SPV (I) Ltd.

Emaar Hills TownshipPvt. Ltd.

Genpact India BusinessProcessing Private Limited

Hyderabad Gems SEZ Ltd.

Indu Techzone Pvt. Ltd.

Infosys Technology Ltd.

IT&C Dept.- Hyderabad Urban Development Authority

J. T. Holdings Pvt. Ltd.

L&T Phoenix Info ParksPvt. Ltd.

Lahari Infrastructure Ltd.

Lanco Hills TechnologyPark Pvt. Ltd.

Maytas Enterprises SEZPvt. Ltd.

Maytas Hill County SEZPvt. Ltd.

Name TypeArea in

Hectares

Stagnant

Under Construction

Operational

Operational

Under Construction

Operational

Under Construction

Completed

Stagnant

Under Construction

Under Construction

Stagnant

Under Construction

Stagnant

Status

Satyam ComputersServices Ltd.

28

Maytas Ventures SEZ Pvt. Ltd.22

Navayuga Legala EstatesPvt. Ltd.

23

Rudradev Infopark Pvt. Ltd.24

S2Tech.com India Pvt. Ltd.25

Sanghi SEZ Pvt. Ltd.26

Satyam ComputersServices Ltd.

27

Source: Ministry of Commerce & Industry, Dept. of Commerce

Serene Properties Pvt. Ltd.29

Topnotch Infrastructure Ltd.33

Stargaze Properties Pvt. Ltd.30

Tata Consultancy Services Ltd.32

WIPRO Ltd.34

WIPRO Ltd.35

Sundew Properties Pvt. Ltd. 31

Sr.No.

Name

IT/ITES

IT/ITES

IT/ITES

IT/ITES

IT/ITES,Electrical Hardware

IT/ITES

IT/ITES

IT/ITES

IT/ITES

IT/ITES/Electronic Hardware

IT/ITES

IT

IT/ITES

IT/ITES

Type

12

14.15

10.218

12.25

10.0964

202.4

10.5

26.895

14.5

68.96

30.35175

6.48

40.88

16.29

Area inHectares

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

Madhapur

RangaReddy District

IDA Uppal Industrial Development Area

RangaReddy District

RangaReddy District

RangaReddy District

RangaReddy District

Madhapur, Reddy District

Ranga

Location

Operational

Stagnant

Operational

Under Construction

N.A.

Operational

Operational

Under Construction

Stagnant

Under Construction

Operational

Operational

Operational

Operational

Status

HYDERABAD CITY

Note: Map not to scale and is for illustration purposes only.

Alwal

KapraKukatpally

Punjagutta

Narayanguda AmberpetMehdipatnam

Attapur

Somajiguda

Miyapur

TellapurKondapur Begumpet

BanjaraHills

Uppal

Tarnaka

HimayathSagar

RajendraNagar

Madhapur

JubileeHills

Kompally

Shamirpet

Medchal

Lakdi-kapool

EAST WEST NORTH SOUTH CENTER

Gachibowli Malkajgiri

HyderabadInternational

Airport

Organised Retail Development

Currently Hyderabad has an operational mall space of around 2.2 million sq. ft. with majority of the malls in

Central region of the city. Another 14.6 million sq. ft. of mall space is in planning or under construction stage.

Hyderabad Mall Space Distribution

0

1

2

3

4

5

6

7

8

9

West Hyderabad

CentralHyderabad

East Hyderabad

North Hyderabad

Mall S

pace in

Millio

n s

q. ft

.

Operational Proposed/Under Construction

Source: ICICI Property Services

Detailed list of malls in Hyderabad is tabulated below -

Total Area

in sq. ft.

(Approx.)

Sr.No.

Mall Name Site Location Zone Status

1 Ashoka Metropolitan Mall Banjara Hills Central 140000 Operational

2 Babu Khan Mall Somajiguda Central 75000 Operational

3 City Centre Banjara Hills Central 300000 Operational

4 Hyderabad Central Panjagutta Central 350000 Operational

5 Lumbini Mall Banjara Hills Central 80000 Operational

6 M.P.M. Mall G.P.O. Central 200000 Operational

7 Prasad Imax Tank Bund Central 300000 Operational

8 Rainbow Mall Karkhana North 75000 Operational

9 RK Cinemax Banjara Hills Central 120000 Operational

10 Sanali Mall Abids Central 100000 Operational

11 Sawpnalok Patny North 200000 Operational

12 SMR Mall Balanagar North 100000 Operational

13 Super Centre Ameerpet West 250000 Operational

14 Abacus Uppal East 200000 Proposed

15 Juluri Mall Karkhana North 150000 Proposed

16 Manjeera Trinity Mall Kukatpally West 425000 Proposed

17 S-Cube Mall Dilsukhnagar East 210000 Proposed

18 TBN(Landmark Builders) L.B.Nagar East 250000 Proposed

19 TBN(Radha Realty) ECIL East 250000 Proposed

20 TBN(Salarpuria) Madhapur West 600000 Proposed

21 TBN(Shrimukh Constructions) Sanath Nagar West 140000 Proposed

22 TBN(Soma Group) Kavadiguda Central 750000 Proposed

23 Velocity Mall Moosapet West 280000 Proposed

24 (DLF) Basheerbagh Central 500000 Under-Construction


Total Area

in sq. ft.

(Approx.)

Sr.No.

Mall Name Site Location Zone Status

25 Arena Mall Uppal East 600000 Under-Construction

26 Bonzai Himayat Nagar Central 150000 Under-Construction

27 club 4 Mall Vikrampuri North 100000 Under-Construction

28 Down Town Lakdikapul Central 150000 Under-Construction

29 Esplanate Kukatpally West 600000 Under-Construction

30 Forum Kukatpally West 350000 Under-Construction

31 GateWay Mall Gachibowli West 550000 Under-Construction

32 Gold Mall Kukatpally West 300000 Under-Construction

33 GVK 1 Banjara Hills Central 630000 Under-Construction

34 Inorbit Madhapur West 670000 Under-Construction

35 Inorbit Pocharam East 600000 Under-Construction

36 Lumbini Mall Jubilee Hills Central 150000 Under-Construction

37 Madhucon Mall Kukatpally West 500000 Under-Construction

38 Mall of Hyderabad Gachibowli West 2500000 Under-Construction

39 Permeshwari Maheshwari Kachiguda Central 150000 Under-Construction

40 Princeton Tower Saroornagar East 150000 Under-Construction

41 Surana Uppal Mall Uppal East 300000 Under-Construction

42 Surya Mall Abids Central 45000 Under-Construction

43 TBN(MAK Project) Miyapur West 300000 Under-Construction

44 TBN(Maruthi Construction) Karkhana North 100000 Under-Construction

45 TBN(Parsvnath) Kukatpally West 350000 Under-Construction

46 TBN(Pioneer) Uppal East 600000 Under-Construction

47 TBN(Salarpuria) Chikadpally Central 800000 Under-Construction

48 Times Square Nagarjuna Circle Central 200000 Under-Construction

Supply of Residential Units coming up by 2012

Hyderabad would witness a supply of approximately 53.58 million sq. ft. of residential space by March 2012 with two-thirds of the supply concentrated in the Western region. Overall 3 BHK configurations seem to be more popular amongst the developers in Hyderabad.


Zone Apartment TypeAverage Size of

Flat (in sq. ft.)

No. ofUnits

Total Area

(million

sq. ft.)

2 BHK 1166 73 0.093 BHK 1561 540 0.84

4 BHK / Duplex / Villa 2245 1011 2.27

Sub-Total 1624 3.20

2 BHK 1310 420 0.553 BHK 1467 1045 1.53

4 BHK / Duplex / Villa 1786 398 0.71

Sub-Total 1863 2.791 BHK 497 218 0.112 BHK 1218 2960 3.613 BHK 1628 3283 5.34

4 BHK / Duplex / Villa 2106 907 1.91

Sub-Total 7368 10.971 BHK 477 269 0.132 BHK 1141 7033 8.023 BHK 1704 13244 22.57

4 BHK /Duplex / Villa 4947 993 4.91

Sub-Total 21539 35.63

2 BHK 1061 90 0.103 BHK 2062 305 0.63

4 BHK / Duplex / Villa 3638 72 0.26

Sub-Total 467 0.99

32861 53.58

Central

Total Supply expected by 2012

North

South

East

West

NORTH HYDERABAD

Major Locations

Alwal, Kapra, Kompally, Medchal, Secunderabad, Shamirpet

• Kompally is one of the fastest growing suburbs of Hyderabad

• The region is primarily a commercial area

Growth Stimulators

• Hyderabad airport, with both domestic and international terminals, connects the city with other cities

in the sub continent and beyond Indian frontiers.

• Some of the best hotels and restaurants of the city are located here i.e. Leonia, Celebrity etc.

• Major academic and professional institutes are present here i.e. VMR Institute of Technology & Management

Sciences, CMR College of Engineering & Technology, Siva Sivani Institute of Management, etc.

• Splendid Aparna Projects P. Ltd., Vishal Projects Ltd., Sree Vensai Projects Ltd. are some of the prominent

developers in this region.

Distribution of residential supply in the pipeline across Hyderabad


North5%

South6%

West66%

East22%

Central1%

Distribution of Residential Supply - No. of Units

Central East North South West

Some of the Residential Projects in North Hyderabad

Distribution of Apartment in North Hyderabad


Distribution of Apartment Type: North Hyderabad

2 BHK4%

3 BHK33%

9

4 BHK / Duplex /

Villa63%

Source: ICICI Property ServicesNote: The areas mentioned are built-up areas

Average Apartment Size of 2 BHK in sq. ft. 1166


Total Supply (in mn. sq. ft.) by 2012 3.20

Total Supply (in no. of units) by 2012 1624

Residential Market in North Hyderabad

Source: ICICI Property Services*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & may vary from apartment to apartment within the same building. Rates are subject to change at any given point of time.

Palm Springs II Modi Builders 2540 55 July 2010

Park View Lahari Constructions 2700 25 Dec 2009

Prakruthi Nivas Vishal Projects Limited 3000 612 Aug 2010

Royal Greens KNR Homes P. Ltd. 1600 48 Mar 2010

Shreya Towers Sree Vensai Projects Ltd. 3000 77 Sep 2010

Stepping Meadows Landmark Builders 3500 58 Ready

Palm Meadows Splendid Aparna Projects Pvt. Ltd. 5200 330 Ready

Name of the Project Developer No. of Units Date of CompletionCapital Values

(Rs. per sq. ft.)

Property Price Movement - North Hyderabad (March 2005 – September 2009):

Residential Property Rates in prime residential markets of North Hyderabad

Outlook Key • R – Rising • F – Falling • S – Stagnant • SW - Stagnant but likely to weaken • SS - Stagnant but likely to strengthen

*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & may vary from apartment to apartment within the same building. Rates are subject to change at any given point of time.


Alwal 2000 5000-6000 S

Kapra 1800 5000 S

Kompally 2200 5000 SS

Capital Values Average Rentals for 2 BHK (Rs./sq. ft.) (Rs./month)

Location Market Outlook

Source: ICICI HFC Mortgage Valuation Services (Assuming 100 as a base reference no. for March-2005)

Property Price Movement Index: North Hyderabad

100

150

200

250

300

350

Mar

05

Mar

06

Mar

07

Jun

07

Sep

07

Dec

07

Mar

08

Jun

09

Sep

09

Dec

09

Mar

09

Jun

09

Sep

09

Alwal Kapra Kompally Bachupally

Comparison of actual (A) and real & logical (R&L) price movement

The real & logical (R&L) price is considered to move in line with the consumer price index. Below table

brings out a comparison between quarterly property price movements and changes in consumer price

index for North Hyderabad. Since zone wise inflation data is not available, we have substituted the

Hyderabad inflation figures for each zone.

The gap between the actual property prices and the real & logical prices has narrowed in recent quarters mainly due to correction in property prices.


North Hyderabad

0

50

100

150

200

250

Mar

2005

Mar

2006

Mar

2007

Jun

2007

Sept

2007

Dec

2007

Mar

2008

Jun

2008

Sept

2008

Dec

2008

Mar

2009

Jun

2009

Sep

2009

North (A) North (R&L)

SOUTH HYDERABAD

Major Locations

Attapur, Himayath Sagar, Mehdipatnam, Rajendra Nagar.

lThe southern areas of Hyderabad represent regions of the Old City of Hyderabad.

lSome popular attractions in this region include Nehru Zoological Park, Charminar, Mecca Masjid,

Falaknuma Palace, Asmangadh Fort and Birla Archaeological Museum.

Growth Stimulators

lGood connectivity by road and rail.

lNampally Railway Station is the nearest to Mehdipatnam and about 3 kms away.

lReliance is acquiring 25,000 acres of land around the Vijayawada highway at Ibrahimpatnam to

set up its LPG gas plant. An eight-lane direct road will link the Reliance plant area to

Shamshabad's outer ring road.

lIt is estimated that commercial development of approximately 1 lakh sq. ft. is coming up in this

part of Hyderabad.

lSome of the known developers in this region include Gayathri Constructions, Janapriya

Engineers Syndicate, Manjeera Constructions and Radha Realty.

Residential Market in South Hyderabad







Distribution of Apartment in South Hyderabad

Distribution of Apartment Type: South Hyderabad


3 BHK56%

2 BHK23%

4 BHK / 21%Duplex / Villa


Some of the Residential Projects in South Hyderabad

No. of Units Date of CompletionName of the Project DeveloperCapital Values

(in Rs. per sq. ft.)


Chandrodaya Residency Chandrodaya Constructions 2800 25 Mar 2010

Fort View Lahari Constructions 2800 30 July 2010

Gayathri Prestige Gayathri Constructions 2800 16 Feb 2010

Manjeera Heights-II Manjeera Constructions Ltd. 2800 152 Ready

Maple Town Homes Radha Realty Corp P. Ltd. 4000 302 Dec 2011

Pleasant Towers Zcube Constructions India P. Ltd. 2000 16 Sep 2010

SV Arcade SV Constructions 2500 50 Feb 2010

Vedant Unique Residency Raji Vedant Constructions P. Ltd. 1990 620 Dec 2011

Property Price Movement (March 2005 – September 2009): South Hyderabad

Residential Property Rates in prime residential markets of South Hyderabad

Source: ICICI Property Services*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & may vary from apartment to apartment within the same building. Rates are subject to change at any given point of time.


Attapur 2000 7000-10000 S

Himayath Sagar 3300 15000-20000 SS

Mehdipatnam 2600 8000-12000 S

Rajendra Nagar 2000 6000-9000 S

Capital Values Average Rentals for (Rs./sq. ft.) 2 BHK (Rs./month)



Property Price Movement Index: South Hyderabad

100

150

200

250

300

350

Mar05

Mar06

Mar07

Jun07

Sep07

Dec07

Mar08

Jun09

Sep09

Dec09

Mar09

Jun09

Sep09

Mehdipatnam Himayath Sagar Attapur Rajendra Nagar

Over the years, it can be observed that the actual property prices in South Hyderabad have been increasing more than proportionately as compared with the real & logical prices.




index for South Hyderabad. Since zone wise inflation data is not available we have substituted the


South Hyderabad

0

50

100

150

200

250

Mar

2005

Mar

2006

Mar

2007

Jun

2007

Sept

2007

Dec

2007

Mar

2008

Jun

2008

Sept

2008

Dec

2008

Mar

2009

Jun

2009

Sep

2009

South (A) South (R&L)


EAST HYDERABAD

Major Locations:

Amberpet, Malkajgiri, Tarnaka, Tirumalghery, Uppal

lEast Hyderabad has presence of many professional and academic institutes.

lTarnaka forms a great residing place for students and professionals who seek admissions invarious academic and professional courses here. Some well-known schools and colleges likeOsmania University, St. Anns School, Little Flower School & College, Hyderabad Public School,Delhi Public School etc are present here.

lApart from academics, there are great avenues due to the presence of restaurants and eateries in the region.

Growth Stimulators

lTarnaka is bounded by some major road links like Mallapur Main Road, Krishnadevaraya Roadand Lalapet Road.

lThis place provides for the best of the technical and vocational institutes for the trainees who arethrough their courses in hundreds of ITI s (Industrial Training Institutes) spread across the nation.

lOver 3 million square feet of retail mall space is coming up in this part of Hyderabad.

lThe ESI Nacharam and Maithri are two primary health care centers located in the Tarnaka region.

lIt is estimated that commercial development of approximately 1.2 million sq. ft. is coming up inthis part of Hyderabad, which would result in over 10,000 jobs.

lK. Raheja Corp. has recently announced Raheja Vistas, a residential project of around 900 unitswith 2 BHK & 3 BHK options, located at Nacharam.

lIndu Group is developing 'Indu Aranya', a residential project, located close to the National DeerPark, consisting of 880 apartments spread across 50 acres of land parcel.

lBesides Indu Group, Modi Properties & Investments and SMR Builders are some of the keydevelopers in this region.

Residential Market in East Hyderabad






Capital Values (in Rs. per sq. ft.) Completion

Date of

Modi Properties & 1950 345 May 2010Investments P. Ltd.

Gul Mohar Gardens Modi Properties & 1699 350 ReadyInvestments P. Ltd.

Indu Aranya Apartment Indu Group 2350 880 July 2010

Nilgiri Homes Modi Properties & 37 Lacs 95 May 2010Investments P. Ltd. onwards

Paramount Residency Modi Properties & 1900 260 Aug 2010Investments P. Ltd.

Royal Habitat G K Developers 1850 120 Dec 2009

Saketh Pranaam Saketh Engineers Pvt. Ltd. 2550 400 Sept 2010

Saketh Sriyam Saketh Engineers Pvt. Ltd. 2550 400 Sept 2010

SMR Skycity SMR Builders 3240 117 May 2010

Sri Nivas Heights SHL Ventures 2500 414 April 2010

Distribution of Apartment in East Hyderabad

1 BHK3%

2 BHK40%

3 BHK45%

Distribution of Apartment Type: East Hyderabad


4 BHK / Duplex / Villa

12%

Some of the Residential Projects in East Hyderabad

Name of the Project Developer No. of Units

*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & may vary from apartment to apartment within the same building. Rate are subject to change at any given point of time.


Greenwood Residency


Residential Property Rates in prime residential markets of East Hyderabad

*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & may vary from apartment to apartment within the same building. Rate are subject to change at any given point of time.



Tarnaka 2600 7000-10000 SS

Habsiguda 2700 7000-10000 SS

Uppal 2000 7000-10000 S

Capital Values (Rs./sq. ft.) 2 BHK (Rs./month)

Average Rentals for Location Market Outlook

Property Price Movement (March 2005 – September 2009): East Hyderabad

Property Price Movement Index: East Hyderabad

100

150

200

250

300

350

Mar

05

Mar

06

Mar

07

Jun

07

Sep

07

Dec

07

Mar

08

Jun

09

Sep

09

Dec

09

Mar

09

Jun

09

Sep

09

Tarnaka Tirumalghery Malkajgiri Amberpet Uppal

The actual property prices in East Hyderabad have consistently exceeded the real & logical prices over a

period of years, however for the last few quarters there has been a steady reduction in the disparity.




index for East Hyderabad. Since zone wise inflation data is not available we have substituted the


East Hyderabad

0

50

100

150

200

250

Mar

2005

Mar

2006

Mar

2007

Jun

2007

Sept

2007

Dec

2007

Mar

2008

Jun

2008

Sept

2008

Dec

2008

Mar

2009

Jun

2009

Sep

2009

East (A) East (R&L)


WEST HYDERABAD

Major Locations

Bachupally, Gachibowli, Kondapur, Kukatpally, Madhapur, Miyapur, Nallagandla-Tellapur

lWest Hyderabad consists of places that are marked by industrial estates and technological parks.

lThe regions, apart from industrial estates and technological parks, also house many residentiallocalities.

lSome of the fine hotels like Novotel, Ista, Ella Suites etc are located in this region.

Growth Stimulators

lSome of the best IT parks of India are situated here.

lGachibowli is a major IT suburb of Hyderabad and serves as a headquarter for IT giants likeMicrosoft, Infosys and Wipro. This area is gaining prominence and has been tipped to become themost exciting business address in the coming years.

lThis region is also developed into a financial hub due to presence of major corporates such as ICICIBank, Bank of America, UBS, Franklin Templeton, Capgemini and others.

lKukatpally is a major residential and commercial suburb in Hyderabad and also has the highestpopulation density in the state.

lApart from being a major shopping hub, Kukatpally also houses several educational institutes,prominent amongst them being the Jawaharlal Nehru Technological University (JNTU).

lThe Lodha Group have launched their high end project 'Lodha Belezza' at Kukatpally, the highlight ofthe project being the provision of helipads at the top of each tower.

l1.4 million sq. ft. of retail space is proposed in West Hyderabad and around 6 million sq. ft. of mallspace is under construction.

lIt is estimated that commercial development of approximately 8.8 million sq. ft. is coming up in thispart of Hyderabad, which would result in over 80,000 jobs.

lSome of the key developers in this region include Aparna Infrahousing, DLF Homes, EMAAR MGF, Vertex Homes, My Home Constructions, Mantri Developers, K. Raheja Corp., JayabheriConstructions, Aditya HIDCO, S&S Constructions.

Residential Market in West Hyderabad






Distribution of Apartment in West Hyderabad

Distribution of Apartment Type: West Hyderabad


3 BHK61%

2 BHK33%

1 BHK1%

4 BHK /Duplex /

Villa5%

Some of the Residential Projects in West Hyderabad

*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & may vary from apartment to apartment within the same building.Rates are subject to change at any given point of time.


Adithya Constructions Company

Aparna InfrahousingP. Ltd.

Aparna Constructions & Estates P. Ltd.

CRK Infrastructure Developers P. Ltd.

Modi Builders

EMAAR MGF

B R Constructions

Mantri Developers

NCC Urban Infrastructure Limited

K. Raheja Corp.

Ramky Estates & FarLimited

ms

Modi Builders

Milestone Projects & Avenues P. Ltd.

Adithya Eden Woods

Aparna Sarovar

Aparna Cyber Commune

CRK Grand Kailash

Emerald Heights

Excelsior at Boulder Hills

Hema Durga Towers

Mantra Celestia

Nagarjuna Residency

Quiescent Heights

Ramky Towers

Silver Springs

Solitaire

Name of the Project Developer

59

1120

760

744

829

685

350

1100

460

72

360

630

72

No. ofUnits

Aug 2011

Mar 2010

Dec 2010

Dec 2010

Sep 2010

Jul 2011

Aug 2010

Dec 2012

Dec 2009

Nov 2011

Dec 2009

Mar 2010

Jun 2010

Dateof Completion

5500

2700

3200

3300

1900

7960

2950

3300

4250

4250

3200

1950

3500

Capital Values (in Rs. per sq. ft.)

Residential Property Rates in prime residential markets of West Hyderabad




Outlook Key • R – Rising • F – Falling • S – Stagnant • SW Stagnant but likely to weaken • SS Stagnant but likely to strengthen – –

Bachupally 1700 5000-7000 S

Chandanagar 2300 6000-8000 S

Gachibowli 3000-4800 12000-15000 SS

Kondapur 2800 10000-15000 SS

Kukatpally 2900-3200 6000-8000 SS

Madhapur 3400 15000-20000 SS

Manikonda 2200 8000-10000 S

Miyapur 2400 10000-15000 SS

Nallagandla 2400 8000-10000 S

Nizampet 1800 3500-6000 S

Tellapur 2200 10000-15000 F

Capital Values

(Rs./sq. ft.) 2 BHK (Rs./month)

Average Rentals for


Property Price Movement (March 2005 – September 2009): West Hyderabad

Property Price Movement Index: West Hyderabad

100

150

200

250

300

350

Mar

05

Mar

06

Mar

07

Jun

07

Sep

07

Dec

07

Mar

08

Jun

09

Sep

09

Dec

09

Mar

09

Jun

09

Sep

09

Kondapur Kukatpally Miyapur

Madhapur Nallagandla-Tellapur Gachibowli

Up to March 2008, the actual property prices had been increasing at a pace which has been significantly

higher as compared to the real & logical prices. However since then there has been a steady alignment in

both the price points, mainly due to the corrections witnessed in the property prices.




index for West Hyderabad. Since zone wise inflation data is not available, we have substituted the



West Hyderabad

0

50

100

150

200

250

Mar

2005

Mar

2006

Mar

2007

Jun

2007

Sept

2007

Dec

2007

Mar

2008

Jun

2008

Sept

2008

Dec

2008

Mar

2009

Jun

2009

Sep

2009

West (A) West (R&L)




Total Supply (in mn. sq.ft.) by 2012 0.99


Residential Market in Central Hyderabad

CENTRAL HYDERABAD

Major Locations:

Banjara Hills, Begumpet, Jubilee Hills, Lakdi-ka-pool, Narayanguda, Punjagutta, Somajiguda.

lCentral Hyderabad houses places of tourist attraction like Archaeological Museum, Public Gardenand the Goshamahal Stadium.

Growth Stimulators

lJubilee Hills is home to the Telugu Film Industry and some of its major film studios. The area is alsothe political heart of Hyderabad as many political parties have their headquarters here.

lBanjara Hills, which in earlier times used to be a forest area serving as a hunting ground for theNizams; now has transformed into a prime urban commercial centre. It is well known for its starhotels, swanky restaurants & malls.

lThe bus service is the most convenient means of accessing this region. The central bus station islocated in the nearby region of Afzal Ganj.

lExcellent healthcare facilities like Medinova Hospital are present in the Bashir Bagh locality in CentralHyderabad.

lMany organised retail establishments like Hyderabad Central, Lifestyle etc. are located in this region.

lDue to paucity of space, there is not much residential supply in the Central region.

Distribution of Apartment in Central Hyderabad



Some of the Residential Projects in Central Hyderabad

Name of the Project

2 BHK23%

3 BHK77%

Distribution of Apartment Type: Central Hyderabad


Lake Nestor Lakshmi Constructions 2800 30 Sept 2010

Lakeview Mirra Sri Sai Nilaya

Residency Constructions

Sree Sreenivasa Sree Sree Sreenivasa

Constructions Constructions

Vishnu's Splendor Vishnu Housing Pvt. Ltd. 5000 70 Oct 2010

Capital Values Total

(in Rs. per sq. ft.) No. of Units

3600 Mar 201020

Developer Date of Completion

3600 78 Mar 2010

Residential Property Rates in prime residential markets of Central Hyderabad

Property Price Movement (March 2005 – September 2009): Central Hyderabad

Banjara Hills 5500 18000-20000 S

Jubilee Hills 5000 18000-20000 S

Sainikpuri 2200 5000-8000 SS

Yapral 1700 3000-5000 S

Capital Values (Rs./sq. ft.) 2 BHK (Rs./month)

Average Rentals forLocation Market Outlook




Property Price Movement Index: Central Hyderabad

100

150

200

250

300

350

Mar

05

Mar

06

Mar

07

Jun

07

Sep

07

Dec

07

Mar

08

Jun

09

Sep

09

Dec

09

Mar

09

Jun

09

Sep

09

Punjagutta Somajiguda Begumpet Lakdi-ka-pool

Narayanguda Banjara Hills Jubilee Hills

Outlook Key • R – Rising • F – Falling • S – Stagnant • SW Stagnant but likely to weaken • SS Stagnant but likely to strengthen – –




index for Central Hyderabad. Since zone wise inflation data is not available we have substituted the


Central Hyderabad

0

50

100

150

200

250

Mar

2005

Mar

2006

Mar

2007

Jun

2007

Sept

2007

Dec

2007

Mar

2008

Jun

2008

Sept

2008

Dec

2008

Mar

2009

Jun

2009

Sep

2009

Central (A) Central (R&L)


It can be observed from the above chart that since June 2008, the gap between the property price

index and the consumer price index has been consistently reducing owing to the corrections in the

property prices.

Hyderabad Residential Absorption Index

The residential transactions in Hyderabad after peaking in July '08 have been on a declining trend. By

April '09 the transactions have come down to 45% of what they were in the same month last year, which

indicates the impact of the overall slackness in the economy on the residential real estate space in

Hyderabad. However, the market seems to have steadied over the last couple of months.

Hyderabad Residential Real Estate: Absorption Index

0

20

40

60

80

100

120

140

160

180

Apr-

08

May-

08

Jun-

08

Jul-

08

Aug-

08

Sep-

08

Oct-

08

Nov-

08

Dec-

08

Jan-

09

Feb-

09

Mar-

09

Apr-

09

May-

09

Jun-

09

Jul-

09

Aug-

09

Sep-

09

Source: ICICI HFC Mortgage Valuation Group

Infrastructure (connectivity, roads, proximity to markets)

Residential Cost

Proximity to/ Presence of organised retail

Proximity to Commercial Development

Future Infrastructure Development

Future Employment Generation

Sainikpuri - Yapral

Gachibowli - Kokapet

Miyapur- Chandanagar

Mehdipatnam- Attapur

Madhapur-Kondapur

Kompally- Medchal

Uppal - Dilsukhnagar

Banjara Hills - Jubilee Hills


Location Attractiveness Index

We have short-listed below eight prime locations within Hyderabad and critically examined them on

various parameters like infrastructure, residential costs in the region, future employment prospects, etc.

as detailed in the matrix below. Madhapur to Kondapur stretch seems to be scoring very well on all

parameters except residential cost. Miyapur to Chandanagar stretch also seems to be scoring

significantly well over other locations due to reasonable residential costs in addition to good

infrastructure, proximity to commercial and retail establishments and future infrastructure development.

•Supply Estimation

•Demand Projections

•Expected Absorption

Trends

•Demographic

Analysis

•Consumer Trends

•Consumer Behaviour

Analysis

• Entry Strategy

• Pricing Strategy

• City and Region

Prioritisation and

Expansion Strategy

• Optimum Land Use

Analysis

• Site Analysis &

SWOT

• Catchment Analysis

• Trade & Tenant Mix

• Land Valuation

• Location Analysis

• Market Analysis

• Size, Pricing, Phasing

and Positioning

(Space Programming

& Demarcation for

Optimum Utilisation

of space)

• Financial Analysis

Feasibility Studies Asset Advisory Strategic Advisory Market Research

About Research & Consultancy

ICICI Property Services is a division of ICICI Home Finance Company Limited, a 100% subsidiary of ICICI

Bank. ICICI PSG provides real estate solutions to home seekers, corporate investors, space occupiers

and developers /landlords. ICICI Property Services addresses the entire bandwidth of a real estate deal

from concept to conclusion. Research & Consultancy (R&C), a specialised group within ICICI PSG, offers

both real estate advisory and consumer demographic analysis backed by both primary and secondary

research. The following chart explains in brief the various services offered by R&C.

Documents

Hyderabad December Report-ICICI Properties