Key Findings - MagicBricksproperty.magicbricks.com/microsite/buy/propindex/images/Oct-Dec-2013/... · Property markets remained slow in the quarter. But we bring you PropIndex with

The year 2013 has been a topsy-turvy ride for the housing sector. Sentiments haveremained subdued in the recent months. However, our latest HSI report indicates earlysigns of a bump-up in the buyer sentiment. While it is still early days to conjecturewhether this will translate into a strong buying cycle, the trend will nevertheless comeas a welcome relief to the industry.

Property markets remained slow in the quarter. But we bring you PropIndex with a hostof positive findings.

Key Findings

lResidential properties worth between Rs 30-50 lakh continued to see maximumdemand.

lConsumer demand for premium villas/independent houses worth Rs 2 crore andabove topped in Bangalore and Gurgaon.

lDelay in projects has pushed demand for ready-to-move-in projects significantly. Thisis primarily due to increasing pressure of EMI plus rental values.

lResale projects have become significantly more affordable as slow transaction rate haswidened the gap between resale and new property prices.

lThere is active search indicating intense interest among buyers. As soon as sentimentschange, probably after the upcoming general elections in 2014, buyers will be readywith information and there may be quick turn around of sales.

lConsumer demand for residential plots topped in Chennai and Bangalore. Close to 50 per cent demand for residential plots was for properties worth upto Rs 30 lakh.

lIn the latest quarter, Oct-Dec 2013, the NPI showed no change in comparison to a 4 per cent rise in the Jul-Sep 2013 quarter. Cautious approach among property seekersand controlled supply by local as well as national developers has held the growth of theNational Property Index (NPI).

lThe Listed Price Monitor, which largely shows capital appreciation/drop within alocality ranged between minus 1 per cent to plus 5 per cent.

We have been publishing PropIndex for close to three years now. Over this period, we’veaccumulated a wealth of data/analytics on price/locality trends and marketperformance. We get our kicks if all of this helps you in making better informedproperty decisions. Do write in at [email protected] and share your views onthis report and how we could make PropIndex even better.

FOREWORD

Sudhir PaiBusiness Head, Magicbricks.com

Magicbricks PropIndex

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

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

Magicbricks has over 600,000 active propertiesposted by more than1,50,000 active users in300 cities and 10,000localities. Our usersinclude owners, agentsand developers.

Methodology

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

The Index is structuredin such a way thatindividual properties

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

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

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

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

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

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

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

METHODOLOGY

There is a wealth of information within these pages. For better readability, we have presented some data as tablesand others as graphs. Between them, you will find how property markets have performed in the Oct-Dec 2013quarter from different perspectives – from that of capital appreciation, from a rental/yield realisationperspective and from a supply standpoint. Also, Demand Analysis section, explains what consumers look for.

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

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

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

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

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

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

6. Demand Analysis – This analysis of consumer demand is based on searches and requirements that usershave performed on Magicbricks.com. The top localities by demand gives an insight into consumerpeferences. The demand data has been used to arrive at various aspects of consumer requirements includingBudget-wise analysis, Property type analysis and BHK configuration analysis. This section also provides acomparison between demand and supply in the Jul-Sep 2013 and Oct-Dec 2013 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. PropIndex also focuses on news bytes that impact future prospects of real estate in the city.

GLOSSARY & DEFINITIONS

OCT-DEC 2013

Cautious approach by propertyseekers and controlled supply bylocal and national developers heldthe growth of the NationalProperty Index (NPI). In the Oct-Dec 2013 quarter, the NPIshowed no change in comparisonto a 4 per cent rise in the Jul-Sep 2013 quarter.

NPI is a weighted average ofsupply and values across 11 citiesin India. In the last quarter, thecity index value remained intactwithin the range of minus 4 per cent to plus 5 per cent.

Of the 11 cities in the apartmentindex, five cites saw a rise of 1-5 per cent (Chennai, Mumbai,Pune, Ghaziabad and Noida), four registered a drop between 1-4 per cent (Bangalore, Delhi,Gurgaon and Ahmedabad) andtwo witnessed stable index values(Hyderabad and Kolkata).

Chennai registered the maximumrise of 5 per cent in the city index.It was followed by Mumbai, Pune

and Ghaziabad with 2 per centrise each. Noida registered thelowest rise of 1 per cent.

Bangalore registered the steepestfall of 4 per cent. This wasfollowed by Delhi and Gurgaonwith 2 per cent each. Ahmedabadregistered a drop of 1 per cent.

The Listed Price Monitor, whichlargely shows the capitalappreciation/drop within alocality, ranges between minus 1 per cent to plus 5 per cent.

Mumbai listed price monitorregistered the maximum rise with5 per cent primarily on account ofpremium localities where valuesremained steady and up. This wasfollowed by Ghaziabad and Punewith 3 and 2 per cent riserespectively.

Hyderabad and Bangalore in the South and Ahmedabad in theWest registered a small drop of 1 per cent. Delhi and Gurgaonshowed no change.

Housing value upto Rs 50 lakhcontinued to see maximum supply

in Chennai, Kolkata andHyderabad. However, lowestsupply was registered in Gurgaon,Mumbai and Delhi.

Properties worth over Rs 1.5 crorecomprises 18 per cent of totalsupply of apartments in the 11 cities.

n Slow transactions widenedthe gap between resale andnew property prices

n Delay in projects pusheddemand for ready-to-move-inprojects significantly.

n Upcoming general electionsin 2014 lowered the rate ofinflow of funds.

n Demand for premiumproperty worth Rs 2 croreand above tops in Bangaloreand Gurgaon.

IN THIS REPORT:

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

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

Gurgaon...................................13

Noida & Ghaziabad................... 24

Mumbai....................................36

Pune........................................47

Ahmedabad..............................56

Kolkata...........,........................ 61

Chennai....................................70

Hyderabad................................79

Bangalore.................................89

Annexures.................................99

NATIONAL PROPERTY INDEX (NPI)

VOL 3, ISSUE 3; OCT-DEC, FY 2013-14

OCT-DEC 2013

propindex.magicbricks.com

NATIONAL PROPERTY INDEX

l Slow transaction rate haswidened the gap between resaleand new property prices.

l Weak consumer sentiments onthe back of slow economicgrowth and consistent rise ininterest rates by RBI and delayin projects pushed demand forready-to-move-in projectssignificantly.

l Residential properties worth Rs 30-50 lakh was in maximumdemand.

l Consumer demand for premiumvillas/independent housesworth Rs 2 crore and abovetopped in Bangalore andGurgaon.

l Close to 50 per cent demand forresidential plots was forproperties worth upto Rs 30 lakh

l Chennai and Bangaloreaccounted for over 55 per centdemand for residential plotsacross 11 cities.

l Upcoming general elections in2014 have lowered the rate ofreal estate investment in thecountry.

Ahmedabad City Index as well asthe listed price monitor registereda drop of 1 per cent in the

Oct-Dec 2013 quarter. This isprimarily on the back of slowtransactions and new launches in the city. A small rise of 1-4 per cent in close to 40 per centof total localities, held the free fallof the listed price monitor.

The Delhi City Index dropped by2 per cent during the Oct-Dec 2013quarter as compared to a rise of 4 per cent in the previous quarter.Slow development rate, mainly inthe redevelopment of existingproperties, coupled with a smallrise in merely 38 per cent of thelocalities led to a drop in the cityindex. Rental market tooremained subdued with over 50 per cent localities registering adrop in average rental values.

The market performance was slowin the Oct-Dec 2013 quarter, withbuyers skeptical about investingbefore the general elections 2014.While the number of enquiresremained stable, actualtransactions went down. Thispushed the Gurgaon City Indexdownwards by 2 per cent. Over 60 per cent of localities registeredeither a drop or remainedunchanged, keeping the listedprice monitor stable.

Noida City Index and the listedprice monitor moved up by 1 per cent during the Oct-Dec 2013quarter. Project delays and

negative consumer sentiments hitthe Noida realty market towardsthe middle of the year. Thissituation improved slightly as theyear drew to a close. Newdeveloping Sectors 74-78 have beentrading well in terms ofresidential demand and capitalappreciation. This kept the indexvalue intact primarily due toproximity to developed Sectors 50and 51 and comparativelyaffordable values.

The residential market inGhaziabad witnessed a rise of 2 per cent in the City Index and 3 per cent in the listed pricemonitor. Rise in average capitalvalues in over 80 per cent of thelocalities tracked in the city, keptthe values positive. Propertiesboth in the affordable range of

Locality RankQ2 Q1

Mumbai 1 1

Bangalore 2 2

Pune 3 3

New Delhi 4 4

Chennai 5 6

Hyderabad 6 8

Kolkata 7 5

Gurgaon 8 7

Noida 9 9

Ghaziabad 10 10

Preferred Localities - Sale

Note: Q3 Oct-Dec 2013, Q2 Jul-Sep 2013

Preferred Localities - Rent

Locality RankQ2 Q1

Mumbai 1 1

Bangalore 2 2

Pune 3 4

New Delhi 4 3

Chennai 5 5

Gurgaon 6 6

Hyderabad 7 7

Kolkata 8 8

Noida 9 9

Ahmedabad 10 10Note: Q3 Oct-Dec 2013, Q2 Jul-Sep 2013

propindex.magicbricks.com VOL3, ISSUE 3; OCT-DEC, FY 2013-1402

Rs 20-40 lakh and Rs 40-70 lakhremained high. Demand remainedstrong, over 70 per cent, for multi-storey apartments.

Underlying demand for residentialproperties remained robust eventhough actual transactions were atan all-time low. Thus, there was noprice correction inspite of unsoldinventory. This resulted in a rise of2 per cent in Mumbai City Index.With rise in 53 per cent of the totallocalities and no new launches, the listed price monitor rose by 5 per cent.

The Pune residential marketconsistently performed quarter-over-quarter. In the Oct-Dec 2013quarter, the City Index as well asthe listed price monitor rose by 2 per cent. This was due to robustdemand for properties along the ITcorridor in areas such as Wakadand Baner in the West andKharadi, Viman Nagar andMagarpatta in East Pune.

The new amendment in theIncome Tax Act adversely affectedthe market, especially where theregistry value of the flats wasmore than the actual transactionvalue. This resulted in a drop inthe number of transactions inthese locations and resulted in nochange in the Kolkata City Indexvalue in the Oct-Dec 2013 quarter.

The Chennai City Index rose by 5 per cent in the Oct-Dec 2013

quarter. With a few notableexceptions, 70 per cent of themicro markets reported amarginal change in propertyvalues. This impacted the overallListed Price Monitor, recording arise of just 1 per cent. In the rentalmarket, an equal number of micromarkets registered a rise and dropin average prices.

With the unresolved Teleganaagitation, prices in Hyderabadhave not grown significantly. Thiskept the city index as well as thelisted price monitor intact. In theOct-Dec 2013 quarter, theHyderabad City Index remainedunchanged and the Listed Pricemonitor moved up by 1 per cent.

Unlike the previous quarter, theBangalore City Index dropped by4 per cent in the Oct-Dec 2013quarter. With a major portion oflocalities reporting a steadymarket with little change inproperty values, the overall ListedPrice Monitor for Bangaloreregistered a drop of 1 per cent.

Slow economic growth, risinginterest rates by the RBI, coupledwith delay in projects hasincreased the burden on propertybuyers. They also have to bear theexpenses of increased EMI as wellas rental values. This has pushedthe demand for ready-to-move-inapartments over under-construction property in thecurrent Oct-Dec 2013 quarter.

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

National - Consumer Budget Preference

30%

25%

20%

15%

10%

5%

0%

15% 15%

23%

14% 13% 12%8%

TOP Y IELD GROSSERS

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

Locality Gross yield

Bangalore, Marathahalli 5.11%

Kolkata, Narendrapur 4.67%

Hyderabad, Nizampet 4.48%

Chennai, OMR 3.81%

Ahmedabad, Vejalpur 3.78%

Mumbai, Parel 3.45%

Noida, Sector-92 3.28%

Pune, Viman Nagar 3.07%

Ghaziabad, Indirapuram 2.93%

Delhi, Malviya Nagar 2.56%

Gurgaon, Sushant Lok-I 2.49%

CAPITAL GAINS

The table given below indicatesmaximum increase in capital values ineach city.

Locality % Change

Chennai, Thiruvanmiyur 12.14%

Hyderabad, Dilsukhnagar 9.80%

Kolkata, New Alipore 9.13%

Pune, Sopan Baug 8.81%

Bangalore, Varthur 7.33%

Mumbai, Andheri West 6.66%

Delhi, Hauz Khas 5.73%

Ghaziabad, Lal Kuan 5.56%

Ahmedabad, Vaishnu Devi 5.08%

Gurgaon, Sector-82 5.00%

Noida, Sector-82 4.56%

propindex.magicbricks.comVOL3, ISSUE 3; OCT-DEC, FY 2013-1403

PROPINDEX - HYDERABADDespite competitive property pricing incomparison to any other metro city,Hyderabad real estate market did notshow any sign of improvement in thepricing demand in the city in thecurrent quarter. This was primarily onaccount of the uncertainty over theseparation of Telegana from AndhraPradesh and weak consumersentiments. The upcoming elections2014 are expected to bring politicalstability in the city and give a boost tothe real estate market.

With almost equal number of localitiesregistering rise or drop in the averagecapital values led to a small change inthe listed price monitor of the city.However, demand for rental propertiesremained robust with merely 20 per cent of the localities registeringa drop in average rental values.

With low capital prices of properties,unlike the other major cities,Hyderabad offered 2.61-4.48 per centon rental returns.

West Hyderabad continued to be themost preferred residential destinationdue to a large base of IT and financialcorporate houses. This region alsowitnessed maximum availability in theunder-construction/newly builtprojects with over 70 per cent ofsupply for multi-storey apartments.North and South Hyderabad were theother regions which witnessed newsupply in the city.

Affordable properties in the budgetrange of Rs 20-40 lakh topped thesupply chart. However, demandexceeded with a significant margin inthis budget category. Supplyoutstripped demand mainly inproperties worth Rs 60-100 lakh andin properties worth over Rs 1 crore.

The multi-storey apartment categorywas the most preferred property typewith a notch higher supply in the city.The Western part of the city continuedto register maximum supply in bothnew and resale properties.

Over 50 per cent demand was notedfor the 2BHK category. However, anotable deficit of more than 15 per cent was registered in supply.

On the other hand, supply exceededdemand with a significant margin inthe 4BHK and above category.Whereas, demand and supplyremained intact in the 1and 3BHKcategories with minor fluctuations.

The City Index remained unchanged in the Oct-Dec 2013 quarter,as compared to Jul-Sep 2013 quarter which rose by 3 per cent.The Price Monitor dropped by 1 per cent. With upcominglocalities in the outskirts reporting a marginal change, the ListPrice Monitor for the city saw a nominal 1 per cent drop.

l With the bulk of propertieswitnessing only a marginalchange in values, the HyderabadCity Index remained unchangedduring Oct-Dec 2013.

l Over 60 per cent of localitieswitnessed slight change indemand in Hyderabad, thusheralding a buyers market.

l While localities in coreHyderabad have shown sharpchange in prices, several otherspreviously marked as upcominghave recorded very little change.This has resulted in the CityIndex remaining unchanged.

l Localities like Gachibowli, thefinancial district of Hyderabad,recorded a marginal drop inproperty values in the Oct-Dec 2013 quarter.

l Places like Nizampet andMiyapur, despite the presence ofthe IT/ITeS industry andproximity to Gachibowli,witnessed a drop in propertyvalues. Proximity to thecongested ORR and a cautiousbuyer segment are some of thereasons attributed to this trendin this quarter.

l The under-construction metro,to run across various zones, hasleft its impact on capital values.Sainikpuri, Begumpet andMadhapur have recordedincreased capital values.

l With continued Teleganaagitation prices in Hyderabadhave not grown significantly.This has resulted in consumersviewing it as a buyers market.

l The buyer demand shifted from2 to 3BHK units. In fact,maximum properties weredelivered in the 3BHK segment,in the budget of Rs 70-80 lakhrange and above.

l In the super luxury segment, Rs 1 crore and above, marketofferings primarily includedvillas and independent high-endhomes located in areas in andaround Jubilee Hills, BanjaraHills and Madhapur andGachibowli.

l With several developers focusingon the luxury segment, themarket witnessed an oversupply.The prices of these offeringsrange from Rs 2-3 crore toaround Rs 4-6 crore.

Key Takeaways

E d i t o r i a l

propindex.magicbricks.comVOL3, ISSUE 3; OCT-DEC, FY 2013-1479 HYDERABAD

l Approximately 60 per cent of micromarkets havereported little to no change in prices in the currentOct-Dec 2013 quarter.

l These include key areas like Jubilee Hills, Kompallyand Attapur which registered no change in the saidquarter. While areas like Kondapur, Gachibowli,Miyapur and Uppal reported a marginal change.

l Places like Nizampet and Hitech City, despite thepresence of IT/ITeS industry and proximity toGachibowli, continued to witness a drop in values.

l The drop is attributed to people preferring to buy inthe core areas of Hyderabad which have continued tohold land rates for almost six months now.

L I S T ED PR I CE MON I TOR

Locality Average Rental Average Capital Gross

Value (Rs/sqft/mth) Value (Rs/sqft) Yield

Jubilee Hills 13.75 6,325 2.61%

Miyapur 9.25 3,150 3.52%

Kukatpally 11.00 3,550 3.72%

Nizampet 8.50 2,275 4.48%

Banjara Hills 15.25 6,300 2.90%

Hitech City 13.00 4,200 3.71%

KPHB Colony 10.75 3,750 3.44%

Madinaguda 10.25 3,075 4.00%

Manikonda 8.25 2,550 3.88%

Gachibowli 13.75 3,950 4.18%

Y I E L D M E T E R

l The Magicbricks.com yield meter ranged from2.61-4.48 per cent in the Oct-Dec 2013 quarter, amarginal change as compared to 2.66-4.36 per centin the Jul-Sep 2013 quarter.

l Nizampet tops the list with 4.48 per cent, as thehighest gross yielder in the current Oct-Dec 2013quarter in comparison to the previous quarter.

l Jubilee Hills continued to be at the bottom of thelist in the Oct-Dec 2013 quarter reporting a grossyield of 2.61 per cent primarily due to drop inrental values.

l KPHB Colony, reported a moderate yield primarilybecause it witnessed a 5 per cent increase in rentalvalues for the quarter.

RENT MON I TOR

l About 88 per cent of the total localities trackedwitnessed only a marginal rise in rental values inthe Oct-Dec 2013 quarter.

l Places like Kondapur and Miyapur with proximityto IT hubs and Somajiguda, despite its proximity tocity centres, registered only a marginal increase.

l High-end residential areas such as Banjara Hills andcertain parts of Madhapur witnessed maximum risein rental values.

l Hitech City witnessed a continued drop in demandin the Oct-Dec 2013 quarter. The locality dropped byanother 5 per cent. The locality had last seen a risein rental values in the Apr-Jun 2013 quarter.

-1%

propindex.magicbricks.com VOL3, ISSUE 3; OCT-DEC, FY 2013-1480HYDERABAD

RENT

Locality Rental RankValues Q3 Q2

Gachibowli 12500 to 16000 1 1

Kondapur 11500 to 14000 2 3

Madhapur 11500 to 14500 3 2

KPHB colony 10000 to 12000 4 6

Miyapur 8500 to 10500 5 5

Banjara Hills 14000 to 18000 6 4

Kukatpally 10000 to 13000 7 7

Hitech City 12000 to 15000 8 8

Ameerpet 10000 to 13000 9 10

Manikonda 7500 to 9500 10 -


Locality Capital RankValues Q3 Q2

Gachibowli 3600 to 4600 1 1

Kondapur 3300 to 3950 2 2

Miyapur 2900 to 3600 3 3

Manikonda 2350 to 2900 4 5

Kukatpally 3250 to 4100 5 4

Uppal 2200 to 2650 6 10

Hitech City 3900 to 4700 7 7

Chanda Nagar 2800 to 3450 8 8

Banjara Hills 5700 to 7400 9 6

KPHB Colony 3400 to 4400 10 -

SALE


PREFERRED LOCALITIES

l Good connectivity and proximity to the IT hubs andfinancial centres ensured that Gachibowli, Miyapurand Kondapur continue to top the list of the mostpreferred localities in the last six months.

l Kukatpally was also one of the most preferreddestinations. Continued expectation of completionof several projects even at the end of 2013, hasresulted in a drop of one position in the top tenratings, as compared to the Jul-Sep 2013 quarter.

l Banjara Hills continued its fall in the list, down by 3 positions as compared to the Jul-Sep 2013 quarterin the buyer’s preference list primarily because ofthe high rates compared to other upcoming areasaround the locality.

l KPHB Colony managed to climb back to the top tenlist of the most preferred localities in the currentOct-Dec 2013 quarter, after having fallen way belowin the ratings.

l Consistent and steady rise in the last one yearpushed up Uppal from position 10 to 6.

l Gachibowli with several financial offices in andaround the area retained its top slot as the mostpreferred locality for rental housing.

l Kondapur, climbed up one slot displacing Madhapur,to capture the second spot in the Oct-Dec 2013quarter from the third position it held in theprevious quarter. The offered properties were withina range of Rs 11,500-14,000 per month.

l The drop in Banjara Hills’ popularity as a preferredrental destination is largely attributed to itmaintaining its high rental values.

l Miyapur and KPHB Colony remained moderatelypopular rental destinations because of theirlocation. However, higher rental values and smallerinteriors kept them from reaching the top of thehomebuyers’ list.

l Manikonda climbed into the top ten list of preferred rental localities in the Oct-Dec 2013quarter after having fallen off this list in the Jul-Sep 2013 quarter.

Above 50% 15-20% 10-15% 5-10% Less than 5%


*Percentage of total supply

Growth Number of Localities with Most ActiveCorridor Projects Maximum Property

Residential Projects Typology*

West 67 Gachibowli, Kondapur, 73% ApartmentManikonda, Miyapur, Mokila, Chanda Nagar

North 14 Kompally, Hyder Nagar, 50% Apartment Bowenpally, Saket 39% Independent

House"

South 12 Shamshabad, Rajendra Nagar, 49% Apartment Kothur, Shad Nagar 27% Residential

Plot"

With the political uncertainty and the furor over Telangana, Hyderabad realestate market saw property values touching an all time low in the last year.However, this did not restrict developers from constructing. It was interesting tonote a distinct shift in buyers’ preference from small homes to larger spaces.

Villas on Hyderabad ORR attract home buyersThe 159-km long stretch of the Outer Ring Road (ORR) is a road cum area developmentproject. The ORR connects Patancheru-Shamshabad-Hayathnagar-Medchal Patancheru,and also provides connectivity to various State Highways and National Highways. FromGachibowli and Manikonda that already have a small cluster of villa projects, to thestill-developing pockets of Bandlaguda, Mokila, Narsingi and Shankarpally, villaprojects dot the entire circular road.

n Times Property, The Times of India, Hyderabad

Demand for 3BHK units in Hyderabad on the riseDue to realistic property values in Hyderabad, 3BHK apartments are in vogue. Adistinct shift in preference from 2BHK to 3BHK apartments was noted among the homebuyers in the city. As per the data with Magicbricks.com, an increase of 3-11 per centwas recorded in demand for 3BHK units in the last three months, indicating a clearpreference for larger homes.

n Magicbricks.com Bureau

Which residential pockets will havemaximum developments in 2014?

Madhapur, Nallagandla, Gachibowli,Kondapur, Kukatpalli are expected towitness maximum development due toavailability of land and proximity to theIT hubs, the sector driving the highestdemand for real estate in the city.

How many units are expected tocome at possession stage in 2014?

About 37,000 to 40,000 units arelikely to get completed in 2014.

What will be the impact of thegeneral elections on development?

People are expecting the elections tohelp resolve the political instabilitycaused due to the Telangana issueand revive the real estate market inHyderabad city.

How has the financial crunch of2013 impacted development?

The financial crunch in 2013, coupledwith unrest due to the Telangana issuecaused the demand and supply to beat low levels in the city. Price andrental movements also witnessed a 5-10 per cent decline in the year.

Will commercial stage a comeback?

Most developers and buyers areexpecting the general elections tobring political stability in the regionand resolve the Telangana issue. Atthe moment, market sentiments arelooking positive and the commercialsegment is likely to show positivegrowth in 2014, post elections.

Which category do you expectmaximum buyer attraction? in 2014?

Multi-storey apartments.

Karun VarmaManaging DirectorStrategic Client Services & New BusinessesDTZ India

Q&A

R E A L T Y N E W S

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

Hyderabad market is different, in the sensethat the consumer is more value conscious.So, the kind of product developers put intothe market plays a more important role in thecity. And this is where the Hyderabadconsumer scores. They look into not just thequality of construction but also the approvalsgiven by the government agencies. So, theneed gap is really in terms of comprehensivequality for all the stakeholders.

P Sreenivas ReddyExecutive DirectorRajapushpa PropertiesPvt Ltd

E X P E R T S P E A KDeveloper

The stir due to the Telegana issue hasnegatively affected the purchase of propertymainly in the mid segment. But when itcomes to prime areas like Banjara Hills orJubilee Hills I have observed approximately 5-6 per cent increase in buying. This isbecause this segment of buyers viewimpending changes (either ways) to throw upnew opportunities of growth for the realtymarket in these localities.

Shatru NaikFreelance Realty Consultant and industrywatcher

Broker


Budget wise Analysis

l The Rs 20-40 lakh categoryregistered a mismatch in thedemand (43%) and supply (28%) inthe current Oct-Dec 2013 quarter.The Rs 60-100 lakh and the Rs 1 crore and above category alsodisplayed a mismatch.

l While the Rs 60-100 lakh categoryshowed a demand of 13 per cent thesupply was at 20 per cent. Thedemand in the Rs 1 crore and abovecategory was only 9 per cent thesupply was a healthy 19 per cent.

DEMAND - S UPP LY ANALYS I SThe Hyderabad market posted maximum demand (43%) for houses of Rs 20-40 lakh each butsupply was a mere 28 per cent. On the other hand, supply in the Rs 1 crore and above and the Rs 60-100 lakh were much higher than the demand. Supply and demand were evenly balanced inthe Rs 40-60 lakh category and approximately matched in the Upto Rs 20 lakh category.

Multi-storey apartments constituted 58 per cent of demand and 63 per cent of supply. The supply and demand of plots were evenly matched but residential houses had far more demand than supply. Maximum demand was for 2BHK units but maximum supply was in the 3BHK segment.

Property wise Analysis

l The multi-storey apartmentcategory saw a substantial supplyof 63 per cent, increasing by 8 per cent. But the demand for thesame was at 58 per cent, same as inthe previous Jul-Sep 2013 quarter.

l The residential house andresidential plot categories showeda significant demand at 17 and 16per cent, respectively. The formershowed the supply at 9 per cent, thelatter saw a corresponding supplyat 15 per cent.

BHK wise Analysis - City Level

l The maximum and substantialdemand was seen for the 2BHKcategory at 54 per cent, but thiswas not so in the supply, whichremained at 38 per cent. Similarly,where the demand for the 3BHKcategory was at 39 per cent thesupply was a robust 44 per cent.

l The 4BHK and above category alsodisplayed a mismatch with thesupply at a healthy 17 per cent butthe demand was marginal at 4 per cent only.

60

50

40

30

20

10

0<20 20-40 40-60 60-100 100 &

above

14

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

14

42 43

22 21

13 139 9

Budget wise Analysis - City Level

DEMAND

60

50

40

30

20

10

0<20 20-40 40-60 60-100 100 &

above

17

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

12

27 2821 21

1720

18 19

SUPPLY

(Jul-Sep 2013)

(Oct-Dec 2013)

(Jul-Sep 2013)

(Oct-Dec 2013)

Property wise Analysis - City Level

80

60

40

20

0

5758

1 1

18 17 16 16Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residential Villaapartment floor house plot

DEMAND

8 8

80

60

40

20

0

55

63

3 3

10 9

23

15

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residential Villaapartment floor house plot

SUPPLY

910

(Jul-Sep 2013)

(Oct-Dec 2013)

(Jul-Sep 2013)

(Oct-Dec 2013)

BHK Configuration - City Level

60

50

40

30

20

10

0

3 3

53 54

40 39

4 4

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above

DEMAND SUPPLY

60

50

40

30

20

10

01 1

39 38

45 44

15 17

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above

(Jul-Sep 2013)

(Oct-Dec 2013)

(Jul-Sep 2013)

(Oct-Dec 2013)


BHK wise Analysis


Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l A mismatch in the demand and supply could be observed acrosscategories, except in the Rs 40-60 lakh category, which was matchingat 17 per cent.

l The demand was more in the Rs 20-40 lakh (40%) and Rs 60-100 lakh(12%) categories, while the supply in the same was significantly lessat 28 and 8 per cent respectively.

l The Upto Rs 20 lakh category noted less demand at 25 per cent,though recording an increase of 4 per cent. But the supply in thesame was more at 31 per cent, recording a significant drop of almost15 per cent in the current quarter.

DEMAND SUPPLY

DEMAND & SUPPLY - South Hyderabad

In South Hyderabad about 40 per cent of demand was for the Rs 20-40 lakh units butsupply lagged at 28 per cent. In the Upto Rs 20 lakh range demand was lower but supplyhigher at 31 per cent. Rs 1 crore and above was oversupplied by more than 100 per centwhile the Rs 60-100 lakh category posted 12 per cent demand to 8 per cent supply.

There were more residential plots supplied than in demand. Multi-storey apartmentswere more in demand than supply, as were residential houses. The 4BHK and abovecategory was grossly oversupplied while the 2 and 3BHK units posted more demand.


l The maximum demand of 39 per cent was witnessed for multi-storeyapartment category but the maximum supply of 44 per cent was inthe residential plot segment. The supply in the former was at 32 per cent registering an increase of more than 10 per cent.

l The demand in the residential plot category was 31 per centwhereas, the supply was a robust 44 per cent, though recording asignificant drop of almost 20 per cent.

l Similarly, the demand in the residential plot category was at 16 per cent, while the supply was not even 10 per cent, alsoregistering an increase of 5 per cent.

BHK wise Analysis

l Though the maximum demand and supply was in the 2BHKcategory, there was a mismatch. Where the demand was a robust 56 per cent, the supply was substantial but limited to 44 per cent.

l This mismatch was evident in the 3BHK category as well. Thedemand was at 34 per cent, recording a drop of almost 10 per cent.Whereas, the supply in the same was 29 per cent, again registering adrop of 6 per cent in the current quarter.

l The 4BHK and above category recorded an increase of 4 per cent at26 per cent in supply, while the demand was a marginal 7 per cent inthe current quarter.

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

1 BHK

2 BHK

3 BHK

4 BHK & above

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

Multistorey apartment

Single floor

Residential house

Residential plot

Villa

DEMAND SUPPLY


94

Q2 Q3

4045

21

18

25

17

12116

Q2 Q3

31

24

117

16

8

17

28

45

13

Q2 Q3

39

18

29

39

16

31

1213

Q2 Q3

61

32

9

44

1413

Q2 Q3

52

56

42 347

Q2 Q3

42

29

44

35

22 26


21

BHK wise Analysis


Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l The maximum and consistent demand was seen in the Rs 20-40 lakhcategory, whereas, the supply was 36 per cent, increasing by 5 per cent over the previous Jul-Sep 2013 quarter.

l This was followed by the Upto Rs 20 lakh category where thedemand was 23 per cent, matching the supply at 22 per cent in thesaid quarter.

l The demand (19%) and the corresponding supply (17%) waswitnessed in the Rs 40-60 lakh category but this segment recorded adrop in both, demand by 5 per cent and supply by almost 10 per cent,in the current Oct-Dec 2013 quarter.

DEMAND SUPPLY

DEMAND & SUPPLY - North Hyderabad

In North Hyderabad there was more supply than demand in the Rs 20-40 lakh categorywhile the Rs 60-200 lakh categories were oversupplied. Other categories were evenlymatched between supply and demand.

Multi-storey apartments were oversupplied while the residential houses witnessed 30 per cent demand and just 19 per cent supply. The 4BHK and above category was alsooversupplied while the 2BHK category was in short supply. Clearly developers arebuilding for the anticipated growth in the market while buyers are far more cautious.


l Maximum demand and supply was witnessed in the multi-storeycategory. But where the demand was 45 per cent the supply was at 52 per cent, increasing by 10 per cent over the previous quarter.

l The demand for the residential house category was 30 per cent butthe supply was only 19 per cent, though increasing by 3 per cent inthe current quarter.

l The residential plot category recorded a demand of 20 per cent witha corresponding supply at 21 per cent, which recorded a drop bymore than 10 per cent over the previous Jul-Sep 2013 quarter.

BHK wise Analysis

l Maximum demand of over 50 per cent was observed in the 2BHKcategory, consistent to the previous quarter. But the supply in thissegment was 42 per cent, though increasing by 4 per cent in thecurrent quarter.

l The 3BHK category witnessed a matching demand (40%) and supply(42%), with the supply noting a drop of 6 per cent over the previousJul-Sep 2013 quarter.

l Though there was a nominal demand of 3 per cent for the 4BHK andabove category, the supply was recorded at a healthy 15 per cent,increasing by 3 per cent in the current quarter.

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

1 BHK

2 BHK

3 BHK

4 BHK & above

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)


Single floor

Residential house

Residential plot

Villa

DEMAND SUPPLY


94

Q2 Q3

4445

19

23

9

21

7

24

Q2 Q3

36

22

31

26

14

17

12

11 11

20

42

32

22

45

30

20

Q2 Q3

42

16

33

52

19

21

Q2 Q37

Q2 Q3

5454

41 40

Q2 Q3

48 42

3842

1512


BHK wise Analysis


Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l Over 50 per cent of demand was witnessed in the Rs 20-40 lakhcategory, whereas the supply in the same was just 33 per cent,though noting an increase of 5 per cent.

l Similarly, the supply in the Rs 60-100 lakh category was 35 per cent,increasing by 7 per cent, while the demand was only 13 per cent,having increased by 5 per cent.

l The Rs 1 crore and above category had a supply of 16 per cent whilethe demand was a marginal 6 per cent. The demand in the Upto Rs 20 lakh category was 14 per cent while the supply was ameager 3 per cent, dropping by almost 10 per cent.

DEMAND SUPPLY

DEMAND & SUPPLY - Central Hyderabad

In Central Hyderabad there was over 50 per cent demand in the Rs 20-40 lakh categorywhile supply was just 33 per cent. Rs 1 crore and above and Rs 60 lakh and abovecategories had far more supply than demand.

Supply of multi-storey apartments was way more than demand. However, demand forresidential houses and plots was more than supply. The 2BHK category posted 60 per centdemand and just 40 per cent supply. The 3 and 4BHK and above categories had moresupply than demand indicating a mismatch between developer and buyer perspectives.


l Almost 80 per cent demand was in the multi-storey apartmentcategory, with a corresponding supply of 81 per cent. The supply inthis category recorded an increase of approximately 15 per centover the previous Jul-Sep 2013 quarter.

l This was followed by a healthy demand of 14 per cent in theresidential house category, and a supply of only 10 per cent in thecurrent Oct-Dec 2013 quarter.

l Though the builder floor category had a corresponding butnegligible demand and supply. However, the supply in the previousquarter was a significant 10 per cent, dropping by 8 per cent.

BHK wise Analysis

l The maximum demand and supply was in the 2BHK category, butwhere the demand was a consistent and substantial 60 per cent, thesupply was 41 per cent, dropping by 5 per cent over the previous Jul-Sep 2013 quarter.

l The opposite was true of the 3BHK category. Where the supply wasalmost 50 per cent, increasing by 10 per cent, the demand wasconstant at 36 per cent in the current quarter.

l The 4BHK and above category had a significant supply of 10 per cent, though dropping by 5 per cent, the supply was anegligible 1 per cent only.

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

1 BHK

2 BHK

3 BHK

4 BHK & above

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)


Single floor

Residential house

Residential plot

Villa

DEMAND SUPPLY


94

Q2 Q3

5155

13

20

9

16

14

13

6

Q2 Q3

3328

28

17

12

13

35

1615

74

15

9

77

14

8

Q2 Q3

67

12

11

81

10

Q2 Q3

10

6

Q2 Q3

5860

4

36 36

Q2 Q3

46

48

41

38

1015


BHK wise Analysis


Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l The maximum demand was in the Rs 20-40 lakh category, whereasthe supply was only 23 per cent in the current quarter. This wasfollowed by a consistent and matching demand (23%) and supply(24%) in the Rs 40-60 lakh category.

l The demand in the Rs 60-100 lakh category was consistent at 15 per cent but the supply was significant at 22 per cent, recording a mismatch between the two.

l Similarly, the Rs 1 crore and above category had a demand of only 11 per cent with the supply substantial but consistent at 25 per cent,again recording a mismatch in the current quarter.

DEMAND SUPPLY

DEMAND & SUPPLY - West Hyderabad

In West Hyderabad too the demand for Rs 20-40 lakh units was greater but the supply wasshort by about 18 per cent. The Rs 60-200 lakh categories were oversupplied significantlyin the current quarter.

Multi-storey apartments constituted 68 per cent of demand and 71 per cent of supply. Thiswas the most significant category. There was more demand than supply of residentialhouses and plots while there was more supply of villas than demand. In construction,West Hyderabad follows the rest of the city patterns but premium demand is yet to peak.


l The multi-storey apartment category witnessed the maximumdemand (65%) and supply (71%), with the supply increasing by 8 per cent over the previous Jul-Sep 2013 quarter.

l In the residential house category, where the demand was asignificant 13 per cent the supply was half at only 6 per cent.Similarly, the residential plot category saw a demand of 12 per centwith supply at 9 per cent, recording a drop of 6 per cent in thecurrent Oct-Dec 2013 quarter.

l The villa category saw a consistent demand of 9 per cent, whereas,the supply was at 12 per cent.

BHK wise Analysis

l Over 90 per cent consistent demand was observed in the 2 and 3BHKcategories, while the consolidated supply in both these segmentswas a little over 80 per cent.

l While the demand in the 2BHK category was 51 per cent, the supplywas only 32 per cent. On the other hand, the demand in the 3BHKcategory was 42 per cent, whereas the supply was 49 per cent in thecurrent quarter, consistent with the previous quarter.

l Similarly, where the demand in the 4BHK and above category was amarginal 4 per cent, the supply in the same was a healthy 19 per cent, increasing by 3 per cent in the current quarter.

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

1 BHK

2 BHK

3 BHK

4 BHK & above

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)


Single floor

Residential house

Residential plot

Villa

DEMAND SUPPLY


94

Q2 Q3

40 41

9

23 23

16 15

12 11

10

Q2 Q3

2223

24

20

23

12

25

22

6

24

62

15

13

65

13

12

Q2 Q399

Q2 Q3

5150

43 42

Q2 Q3

4949

16

34 32

19

63

9

15

71

6

9

Q2 Q31210


BHK wise Analysis


Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l Almost 50 per cent demand was registered in the Rs 20-40 lakhcategory, with the supply in the same at 42 per cent. Both recordedan increase of 2 per cent over the previous quarter.

l One fourth of the demand (25%) was seen for the Upto Rs 20 lakhcategory, while the supply was only 16 per cent in the currentquarter. The Rs 40-60 lakh category saw a demand of 16 per cent anda supply of 20 per cent.

l Significant mismatch was noted in the Rs 60-100 lakh category, withdemand at a marginal 5 per cent and the supply at a healthy 17 per cent, similar to the previous quarter.

DEMAND SUPPLY

DEMAND & SUPPLY - East Hyderabad

Maximum supply and demand were in the Rs 20-40 lakh category. Rs 40-60 lakh was thenext most significant category. The Upto Rs 20 lakh constituted about 25 per cent ofdemand with only 16 per cent of supply. On the other hand the Rs 60-100 lakh postedsupply of 17 per cent to cater to a smaller demand of just 5 per cent.

Multi-storey apartments was the most significant category by demand. Single floorapartments had a small supply and smaller demand. Residential houses and plots were indemand but supply was less.


l Mismatch of 10 per cent was observed in the demand and supply ofthe multi-storey category. The demand in the same was 45 per centwhile the supply was a robust 55 per cent, increasing by 5 per cent.

l The mismatch could be seen in the residential house category aswell, with the demand at 30 per cent and the supply at 21 per centonly. Though the supply saw an increase of 7 per cent in the currentOct-Dec 2013 quarter.

l In the same way, the demand for residential plots was a healthy 20 per cent while the supply was only 13 per cent, consistent withthe previous quarter.

BHK wise Analysis

l The 2BHK category recorded a substantial demand of 66 per cent,while the supply was also a robust 56 per cent, though noting adifference of almost 10 per cent between the two.

l The 3BHK category witnessed a demand of 28 per cent, whereas thesupply was 35 per cent in the current quarter, consistent with theprevious Jul-Sep 2013 quarter.

l The supply in the 4BHK and above category was noted at 8 per centbut the demand in the same was a negligible 3 per cent only in thecurrent Oct-Dec 2013 quarter. The 1BHK category recorded anominal demand and supply.

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

1 BHK

2 BHK

3 BHK

4 BHK & above

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)


Single floor

Residential house

Residential plot

Villa

DEMAND SUPPLY


94

Q2 Q3

4947

23

19 16

25

9

Q2 Q3

1619

4240

20 20

16 17

48

27

19

45

30

20

Q2 Q3

60

14

15

55

21

13

Q2 Q3

66

Q2 Q3

66 66

30 28

Q2 Q3

5655

34 35

88


ANNExUrES

CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Alakapur 2300 to 2600

Alwal 2250 to 2850

Ameerpet 3900 to 4850

Appa Junction 3200 to 3950

AS Rao Nagar 2200 to 2800

Attapur 2500 to 3150

Bachupalli 2100 to 2650

Banjara Hills 5700 to 7400

Begumpet 4150 to 5250

Bodupal 2000 to 2400

Bowenpally 2250 to 2650

Chanda Nagar 2800 to 3450

DD Colony 4200 to 4950

ECIL 2200 to 2650

Gachibowli 3600 to 4600

Gajularamaram 2300 to 2550

Habsiguda 2850 to 3950

Hafeezpet 3250 to 3750

Hitech City 3900 to 4700

Hyder Nagar 3350 to 3750

Jubilee Hills 5700 to 7400

Kalyan Nagar 3100 to 4150

Karkhana 2250 to 2800

Kavadiguda 4400 to 5250

Khajaguda 3600 to 3850

Kompally 2250 to 2750

Kondapur 3300 to 3950

KPHB Colony 3400 to 4400

Kukatpally 3250 to 4100

LB Nagar 2700 to 3000

Madhapur 4200 to 5350

Madinaguda 2900 to 3400

Malkajgiri 2350 to 3050

Manikonda 2350 to 2900

Mehedipatnam 2900 to 3750

Miyapur 2900 to 3600

Musheerabad 3200 to 3950

Nagole 2650 to 3000

Nallagandla 2850 to 3600

Nallakunta 3300 to 4100

Nanakramguda 3600 to 3850

Nandagiri Hills 8150 to 9050

Narsingi 2450 to 3500

Neredmet 2250 to 2800

Nizampet 2100 to 2550

Nizampet Village 1750 to 2200

Padamrao Nagar 3050 to 3800

Pragati Nagar 2150 to 2650

Rajendra Nagar 2800 to 3250

SR Nagar 4350 to 4900

Sainikpuri 2250 to 2650

Sanath Nagar 4150 to 4650

Secunderabad 2700 to 3850

Somajiguda 4450 to 6250

Srinagar Colony 4550 to 5800

Tarnaka 3700 to 4500

Tellapur 3050 to 3800

Toli Chowki 2450 to 3000

Uppal 2200 to 2650

West Marredpally 3850 to 4900

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

HYDERABAD

propindex.magicbricks.com VOL3, ISSUE 3; OCT-DEC, FY 2013-14HYDERABAD 108

VOL3, ISSUE 3; OCT-DEC, FY 2013-14

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.

CONTACT US

l Post your feedback to -

propindex @timesgroup.com

l Join our discussion forum at -

openhouse.magicbricks.com

l For business enquiries -

[email protected]

PROPINDEX TEAM

l Content & research: E Jayashree Kurup,

Dipti Tandon, Subodh Kumar, Kanchana

Dwarkanath, rishab Jain, Sruthi Kailas,

Shradha Goyal, Neha Nagpal, Bhawna Mongia,

renu Arya, Aradhana Mozumdar, Girish Bindal,

Puneet Kukreja & Bikash Kumar.

l Layout Design: Harsha Khattar

l Cover Page Design: raghav Krishnan &

rahul Nair

propindex.magicbricks.com

Documents

Key Findings - MagicBricksproperty.magicbricks.com/microsite/buy/propindex/images/Oct-Dec-2013/... · Property markets remained slow in the quarter. But we bring you PropIndex with