Propindex Apr Jun 2014 Bangalore

PropIndex entered the fourth year of operations. In the first issue of theseries, PropIndex reflected the cautiously positive consumer sentimentwith the National Property Index rising by 1 per cent in the Apr-Jun 2014quarter. The City Index values too, remained even across cities with amarginal increase or drop of 1 per cent, except in Delhi.

Demand for property in the Upto Rs 20 lakh dropped across the country,contrary to the industry buzz that this is undersupplied and in greaterdemand. The 2BHK unit remained the most popular category across cities,reflecting the aspiration of urban dwellers to own a property that wouldmatch their lifestyles. The most preferred price range remained Rs 30-50 lakh, where supply was in plenty and the budget was within reachof the middle class, which remained out of the market for a few quarters.

Luxury properties, though in greater demand, remained over-supplied asdevelopers across the country chose to build in this category. As more unitshit the market, consumers have started choosing locations, budgets andconveniences in this category. Luxury values across cities have beenincluded as a separate annexure.

Rental values either dropped or stabilised in the quarter. The percentagegrowth in rental values was arrested as consumers again started lookingfor the buy option. Unlike the previous quarter, where rental values rose by5-10 per cent, in this quarter, it dropped by upto 5-6 per cent, across cities.

Demand preferences remained the same as in the previous quarters butwas not evenly spread across the city. Locations near economic corridorscontinued to post greater demand. However, unlike the previous quarter,besides IT, the manufacturing sector too, drove demand in select cities suchas Chennai. In Mumbai, the commercial hubs of the Bandra-KurlaComplex and even Thane drove demand. The completion of infrastructureprojects such as the Santa Cruz-Chembur Link Road and the the MetroPhase-I from Versova to Ghatkopar, which eased connectivity to thecommercial hubs, also contributed to change in demand patterns.

The Union Budget of 2014-15 presented recently, has addressed the housingmarket’s concerns in many ways. It has featured budget housing, financeissues, township development road map and development of smart cities aspart of the main Budget. While the outcome will take a while, the urbaninfrastructure and housing provisions are expected to boost sentiment.

These are exciting times and change is in the air. Share your views on thisreport and how we could make PropIndex even better. Write in [email protected].

FOREWORD

Sudhir PaiBusiness Head, Magicbricks.com

NOTES

APR-JUN 2014

In the Apr-Jun 2014 quarter, nomajor change was recorded in therespective City Indices, exceptDelhi, which registered a drop of4 per cent. All other Indicesexhibited minus 1 to plus 1 per cent change, indicating aslow market. No significantincrease was noted in supply,showing a cautious approach.

NPI is a weighted average ofsupply and values across 11 citiesin India. Average capital valuesacross cities showed a rangebound movement. On the otherhand, unlike the previous quarter,average rental values exhibited adrop. This resulted in a marginalrise or stable rental values in thelast six months.

Lack of policy favourable for thereal estate and no reduction in thehome loan interest rates after theformation of the new governmentalso impacted sentiments,contributing to the stable City

Index values. This led to a smallrise of 1 per cent in the NPI.

Bangalore, Chennai, Gurgaon,Kolkata and Pune noted a smallrise of 1 per cent in the CityIndex. On the other hand, Noida,Ghaziabad, Vadodara andMumbai City Indices remainedunchanged. Ahmedabad andHyderabad showed a small drop of1 per cent. Of the 12 cities tracked,Pune and Ghaziabad recorded thelowest number of localities with adrop in the average capital values.

The new government has laidspecial emphasis on the realestate sector in the Union Budget 2014-15.

With the modified version of RealEstate Investment Trusts (REITs),the development of 100 Smart Cities, reducing the sizeand capital requirements ofprojects eligible for FDI,launching affordable housingschemes to proposing additionaltax incentives on home loan, the

government has announced a slewof measures to infuse fresh lifeinto the real estae sector.

In this edition of the PropIndex,we have also included Vadodaraas an independent city. Theresidential market of Vadodararemained stable, with maximumdevelopment in and around thegrowth corridors such as OldPadara Road, Sama Savli Road,Waghodia Road and Gotri Road.

n Of the 12 cities 9 showed minorchanges in the CityIndices, while rentalmarket showedsubdued trends inmajority of the cities

n Properties worth uptoRs 30 lakh recorded asignificant drop indemand, whereas,properties worthabove Rs 30 lakh,across the budgetcategories, witnesseda rise

n Demand for 2BHKunits rose by 1-5 percent across the cities,except Gurgaon

IN THIS REPORT:

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

Bangalore..................................4

Luxury......................................14

Annexures.................................18

NATIONAL PROPERTY INDEX (NPI)

VOL 4, ISSUE 1; APR-JUN, FY 2014-15

APR-JUN 2014

propindex.magicbricks.com

Source: Magicbricks.com

02VOL4, ISSUE 1; APR-JUN, FY 2014-15propindex.magicbricks.com

NATIONAL PROPERTY INDEX

l Except Gurgaon, all other citiesrecorded growing demand of 1-5 per cent for 2BHK units

l Properties worth Rs 30-50 lakhcontinued to top the buyerpreference chart with amarginal increase of 1 per centfrom the previous quarter

l Demand for mid-segmentproperties worth Rs 50-70 lakhand premium properties worthRs 1-2 crore rose by 6 per cent

l Supply of premium propertiesin 8 of the 12 cities outstrippeddemand

The Ahmedabad City Indexagain dropped by 1 per cent in theApr-Jun 2014 quarter. This wasprimarily on account of a drop inthe capital values by 1-4 per centin large number of localities inthe city. This kept the City Indexvalue intact. On the supply side,no significant change wasregistered in the current quarter.South Bopal showed maximumincrease in listings. The ListedPrice Monitor showed a similardrop of 1 per cent.

The Delhi City Index registered amaximum drop of 4 per centduring the Apr-Jun 2014 quarter.Increase in availability ofproperties on sale primarily in the

single floor units and drop in theaverage capital values by 1-9 per cent contributed to thedrop in the City Index. UttamNagar in West Delhi noted themaximum increase in supply,followed by Safdarjung Enclave inSouth Delhi. Over 80 per cent oftotal housing demand was forapartments. With nearly 45 per cent demand, 2BHK unitscontinued to be the most preferredBHK category at the city level,followed by 3BHK units with 41 per cent demand.

Similar to the previous quarter,the Gurgaon City Index rose by 1 per cent in the Apr-Jun 2014quarter as well. The Listed PriceMonitor, on the other hand,remained stable, unlike theprevious quarter where itrecorded a drop of 1 per cent. No major change was recorded inaverage capital values in thecurrent quarter. However, therental market showed a drop,unlike the previous quarter.

Similar to the previous quarter,the Noida City Index showed nochange. Increase in availability ofresidential apartments for salecoupled with an overall stabilityin the average capital valuesarrested the growth of the CityIndex. This too, kept the ListedPrice Monitor unchanged in thecurrent quarter.

Unlike the drop of 1 per cent inthe Jan-Mar 2014 quarter, theGhaziabad City Index alsoremained unchanged. The ListedPrice Monitor recorded a drop of1 per cent. Unlike other parts ofthe Delhi-NCR, Ghaziabad posteda rise between 1-3 per cent incapital values. Lal Kaun at 11 per cent was an exception.

Over 65 per cent of residentiallocalities tracked in the citywitnessed a rise in the averagecapital values. This arrested thefall of the City Index inspite ofslow uptake in the residentialmarket. The Mumbai City Indexremained unchanged in the Apr-Jun 2014 quarter unlike theprevious quarter where itregistered a rise of 1 per cent. The Listed Price Monitor alsoremained unaltered against the


Locality RankQ1 Q4

Mumbai 1 1

Bangalore 2 2

Pune 3 3

Chennai 4 4

Gurgaon 5 8

Kolkata 6 6

New Delhi 7 7

Hyderabad 8 5

Ghaziabad 9 9

Noida 10 10

Preferred Cities - Sale

Note: Q4 Apr-Jun 2014, Q1 Jan-Mar 2014

Preferred Cities - RentLocality Rank

Q1 Q4

Mumbai 1 1

Pune 2 2

Bangalore 3 3

New Delhi 4 4

Chennai 5 5

Hyderabad 6 6

Gurgaon 7 7

Ghaziabad 8 10

Kolkata 9 8

Noida 10 9Note: Q4 Apr-Jun 2014, Q1 Jan-Mar 2014



03VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

2 per cent rise it witnessed in theJan-Mar 2014 quarter.

East and West Pune remained themost preferred residentialcorridors, quarter-over-quarter. No significant change was noted inthe average capital values. Theincrease or drop in values wasregistered between minus 4 to 6 per cent, with a healthy supply.This led to a 1 per cent rise in thePune City Index.

A 1 per cent increase wasregistered in the Kolkata CityIndex. Inspite of increase in theaverage capital values in majorityof the localities tracked in the city,the Listed Price monitor remainedunchanged. Statistics showedmaximum residential developmentin South and East Kolkata,followed by North Kolkata. Thecity continued to yield higherrental returns of over 3 per cent,owing to lower base price ofproperty and healthy rental valuesin comparison to othermetropolitan cities.

Similar to the previous quarter,the Chennai City Index continuedto rise. It rose by 1 per cent yetagain in the Apr-Jun 2014 quarter.The Listed Price Monitor reporteda drop of 2 per cent in the currentquarter against a rise of 4 per centin the Jan-Mar 2014 quarter.Residential properties worth Rs 40-60 lakh remained the mostpreferred budget category, followed

by properties in the budget rangeof Rs 20-40 lakh at 25 per cent.

Post the peace that followed theTelangana decision, Hyderabadseemed to have stabilised. Theresidential property sector wasrelatively subdued in the Apr-Jun 2014 quarter, as comparedto the Jan-Mar 2014 quarter. TheHyderabad City Index dropped by 1 per cent, primarily attributed tostable property prices and infusionof new inventories at a steadypace. This arrested the City Indexgrowth. The Listed Price Monitoralso dropped by 1 per cent asagainst a drop of 3 per cent in theprevious quarter.

Bangalore City Index rose by 1 per cent, in line with the NPI.With buyer sentiments in a wait-and-watch mode post elections, theBangalore market has been mostlypassive, resulting in little changein property values in the currentquarter. There was no change inthe Listed Price Monitor. However,the rental market was subdued inthe current quarter unlike theprevious quarter.

The Vadodara City Index valueremained unchanged during theApr-Jun 2014 quarter. Drop in theaverage capital values in areaswitnessing maximum developmentarrested the growth of the CityIndex. This resulted in the CityIndex value remaining unchangedin the current 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%

1%

5%

25%

21%

17% 18%

12%

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, Sarjapur Road 4.97%Kolkata, Banshdroni 4.78%Hyderabad, Nallagandla 4.41%Ahmedabad, Vejalpur 4.20%Chennai, OMR 3.92%Delhi, Uttam Nagar 3.62%Noida, Sector-92 3.42%Mumbai, Parel 3.31%Pune, VL Vishrantivadi 3.18%Ghaziabad, Indirapuram 3.01%Gurgaon, Sushant Lok 2.99%

CAPITAL GAINS

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

Locality % Change

Ghaziabad, Lal Kuan 11.36%

Bangalore, Sahakar Nagar 10.27%

Hyderabad, Begumpet 9.20%

Kolkata, Narendrapur 8.46%

Mumbai, Mulund West 7.66%

Ahmedabad, Ghatlodia 7.46%

Chennai, Anna Nagar West 6.69%

Pune, Kalyani Nagar 5.85%

Noida, Sector-93A 4.75%

Delhi, Kalkaji 3.31%

Gurgaon, Sector-67 2.08%


Source: M

agicbricks.com

PROPINDEX - BANGALOREControlled supply of residential unitswas recorded across the city. This wasprimarily attributed to the wait-and-watch strategy opted by buyers in thepre and post elections phase.

Residential hubs along the SarjapurRoad and Bannerghatta Road,followed by Electronic City andKanakapura Road witnessedmaximum development. ExceptBannerghatta Road, all otherresidential localities registered a rise invalues over the previous quarter.

Rental market in the city showed nosigns of improvement as opposed tothe capital value trends registered.

Preferred residential pockets continuedto be the East and South Bangalore.For purchase, maximum demand wasfrom suburban/peripheral areas of thecity. Localities near the IT hubs andcommercial offices continued to be thefirst preference for lease.

Residential plots remained the secondmost preferred category and demandoutstripped supply across the city,with the maximum gap recorded inSouth Bangalore.

Supply trend showed North and SouthBangalore offering maximum propertyoptions across all budget ranges.Affordable housing worth Upto Rs 20 lakh was primarily concentratedin the Southern Peripheral areas.

Almost 64 per cent demand forresidential properties was recorded inthe budget range of Rs 40-60 lakhand Rs 60-100 lakh, while the supplywas 46 per cent in these categories.Demand for premium properties worthRs 1 crore and Above witnessed adrop. This further added to oversupplyin the luxury market.

Demand and supply for 2 and 3BHKunits did not exhibit any significantmismatch. The demand and supply of3BHK units remained unchanged.Merely 1-2 per cent increase or dropwas noticed for the 2BHK units.

Consistent demand for properties,primarily from the IT/ITeS sector keptup the real estate momentum in thecity. With a stable government andexpected real estate friendly policies infuture coupled with positive sentimentsamong corporate sector, theBangalore real estate market is boundto see healthy demand and supply forresidential properties.

Bangalore City Index rose by 1 per cent, in line with theNational Property Index. Unlike the City Index, the Listed PriceMonitor remained unchanged with range bound pricemovement in majority of the localities across the city. However,the rental market was subdued unlike the previous quarter

l With buyer sentiments in a wait-and-watch mode post elections,the Bangalore market has beenmostly passive. This resulted inlittle change in property valuesin the Apr-Jun 2014 quarter

l Bangalore property marketcontinued to remain steady inthe Apr-June 2014 quarter. TheCity Index rose by a mere 1 per cent, similar to the rise inthe Jan-Mar 2014 quarter

l Buyers seemed to be cautiousprimarily due to the upcomingbudget announcement, whichthey hoped to be developmentand consumer-friendly

l Majority of the localitiesregistered a drop between 1-8 per cent in the rental values.

l By and large, the overall rentalmarket remained subdued. Thishas limited the yield meterbetween 2.34-4.97 per cent

l With the exception of localitiessuch as Yelahanka, Cookes Townand Richmond Town, all othermicromarkets reported little orno change in rental values in theApr-June 2014 quarter

l Key localities such asKoramangala, CV Raman Nagar,Frazer Town, AECS Layout,Kanakpura Road andKundanahalli reported nochange in rental values in theApr-Jun 2014 quarter

l Demand for 2BHK units toppedthe preference chart across thecity, except Central Bangalorewhich recorded equal demand for2 and 3BHK configuration

l Merely 1-2 per cent drop wasrecorded in the demand for smallsize residential units of 1BHKand larger units having 4BHKand above configuration

l Buyer demand increased by 1-3 per cent for propertiesbetween Rs 40-100 lakh. A similartrend was noticed in supply aswell. However, demand for highworth property of Rs 1 crore andAbove recorded a drop of 2 per cent, whereas, supplyremained unchanged

l Residential plots were the secondmost preferred housing category.Demand for the same continuedto outstrip supply across the cityin the current quarter

Key Takeaways

E d i t o r i a l

BANGALORE 04VOL4, ISSUE 1; APR-JUN, FY 2014-15propindex.magicbricks.com


l The Listed Price Monitor for Bangalore remainedsubdued and unchanged during the current quarter

l Sahakara Nagar (10%), Thanisandra (9%) andKanakpura Road (8%) witnessed an increase inproperty values in the said quarter

l Localities such as Bellandur and Kasturi Nagardropped marginally by 2-3 per. Other localitiesreporting a drop were Kundanahalli and Silk Board

l Prime areas within the city, Koramangala and JPNagar, reported moderate increase of 5 per cent inthe Apr-Jun 2014 quarter

l Upmarket areas in the outskirts such as Hebbal andBrookefield registered no change in values

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

Bannerghatta Road 14.25 3,950 4.33%

Whitefield 16.00 4,675 4.11%

Sarjapur Road 17.50 4,225 4.97%

Koramangala 23.25 7,650 3.65%

Marathahalli 17.00 4,150 4.92%

HSR Layout 18.00 4,600 4.70%

Electronic City 12.50 3,375 4.44%

Malleswaram 23.00 11,800 2.34%

Bellandur 18.00 4,650 4.65%

Kanakapura Road 11.00 4,425 2.98%

Y I E L D M E T E R

l The Yield Meter showed a range of 2.34-4.97 percent in the Apr-Jun 2014 quarter as compared to3.22-5.15 per cent in the Jan-Mar 2014 quarter

l Malleswaram registered the lowest average capitalvalues followed by Kanakapura Road. SarjapurRoad held the top spot as the highest gross yieldfollowed by Marathahalli

l Koramangala, which had reported a markedincrease in yield in mid-2013, reported a slightdrop in average values

l Kanakapura Road, which registered the lowestaverage capital values in the Jan-Mar 2014 quarter,improved its position slightly to record 2.98 per cent in the current quarter

RENT MON I TOR

l Except Yelahanka, Cookes Town and RichmondTown, all other localities reported little or no change

l While Yelahanka reported a healthy 7 per centincrease, Cookes Town registered a 5 per centincrease. Richmond Town and Jalahalli recorded anincrease of 4 per cent each

l Areas within the city such as Koramangala, CV Raman Nagar, Frazer Town, AECS Layout,Kanakpura Road and Kundanahalli reported nochange in the Apr-Jun quarter of 2014

l Cambridge Layout saw the maximum drop of 8 per cent, followed by Indira Nagar (7%). Micro-markets of Malleshwaram, JP Nagar and JP Nagar7th Phase saw a drop of 5 per cent

0%

BANGALORE05VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

Source: Magicbricks.com Source: Magicbricks.com


PREFERRED LOCALITIES

l Capital values across Bangalore registered changesin the Apr-Jun 2014 quarter as compared to the Jan-Mar 2014 quarter

l Proximity to workplace, improved connectivity dueto flyovers, broader roads and ORRs ensured thatWhitefield, Electronic City and Sarjapur continuedto top the list of preferred localities

l HSR Layout, by virtue of its strategic location andexcellent connectivity, continued to maintain itsposition within the top five in the list

l Bannergatta Road continued to improve its standingin the buyers preferred list in the Apr-Jun 2014quarter by climbing to the fifth spot

l KR Puram is the new entrant in the list of the topten preferred localities for sale. Strategically locatedand with good connectivity, the area witnessed anumber of new launches in Old Madras Road

l Rajarajeshwari Nagar reported a 7 per cent drop inproperty prices, the biggest drop in the quarter

l HSR Layout continued to maintain its position at thetop of the list of the preferred localities for rent, forthe fourth quarter in a row. Strategic location, activeresident care associations and good connectivityensured the area remained at the top

l Koramangala continued to command the highestrental values followed by Malleswaram

l Bellandur, Sarjapur Road and Bannerghatta Roadretained the last three positions in the top tenpreferred localities for rentals

l Electronic City, at the sixth position, saw themaximum drop of 11 per cent in rental values in theApr-Jun 2014 quarter

l Marathahalli dropped to the fifth position in the list,despite being a fast growing locality with proximityto IT offices pushing the real estate development

l Indira Nagar maintained its position within the topfive preferred localities for rent, primarily due to itslocation and presence of upmarket residences

RENT


Locality Rank Capital %ageQ1 Q4 Values change

Whitefield 1 1 4150 to 5600 1%

Electronic City 2 3 3000 to 3750 2%

Sarjapur Road 3 2 3750 to 4700 1%

HSR Layout 4 4 4150 to 5050 2%

Bannerghatta Road 5 6 3550 to 4350 -5%

Marathahalli 6 5 3750 to 4550 2%

Kanakapura Road 7 7 3950 to 4900 3%

Vidyaranyapura 8 8 3450 to 4150 0%

Rajarajeshwari Nagar 9 10 3250 to 3650 -7%

KR Puram 10 - 3300 to 3800 2%

SALE


Locality Rank Rental %ageQ1 Q4 Values change

HSR Layout 1 1 16500 to 20500 -3%

Koramangala 2 3 21000 to 27500 0%

Whitefield 3 2 14500 to 18500 -3%

Indira Nagar 4 5 18500 to 23500 -7%

Marathahalli 5 4 15500 to 20000 -3%

Electronic City 6 6 11500 to 14500 -10%

Bellandur 7 7 16500 to 20500 -4%

Sarjapur Road 8 8 16000 to 20500 -1%

Bannerghatta Road 9 9 13000 to 16500 -5%

Malleswaram 10 - 20500 to 27500 -6%

Devanahalli, Jigani, Mysore Road, Hoskote, Begur Road

Home in your Budget

Upto Rs 20 Lakh

l North and South Bangaloreoffers the maximum number ofproperty options across thebudget ranges

l Southern Peripheral areas ofJigani, Begur Road andHoskote offers maximumoptions for properties worthUpto Rs 20 lakh

l Properties worth Rs 1 croreand Above recorded themaximum availability inKoramangala and HSR Layout

Kanakapura Road, Sarjapur Road, Rajarajeshwari NagarRs 20-40 Lakh

Whitefield, Bannerghatta Road, Sarjapur RoadRs 40-60 Lakh

Whitefield, Sarjapur Road, Electronic City, Hennur RoadRs 60-100 Lakh

Koramangala, HSR Layout, Hebbal, Indira NagarRs 1 Crore & Above




Areas such as Electronic City, Sarjapur Road, Begur Road and Whitefield arepopular among buyers looking for affordable properties. Affordability andconnectivity are driving the real estate growth in the city and the outskirts too.The city offers a huge land bank at a low cost.

Connectivity opening up Bangalore suburbs for developmentBangalore had a major advantage of having large land parcels at low rates. The onlypush needed to unlock their value and leverage their worth was accessibility. While theKarnataka Industrial Areas Development Board (KIADB) acquired large tracts of land,the Bangalore Development Authority (BDA), the Bruhat Bangalore Mahanagara Palike(BBMP) and the National Highways Authority of India (NHAI) worked to bring up thecivic infrastructure to fuel further development. Outer Ring Road (ORR), ElevatedExpressways of Hosur Road and Tumkur Road are few key projects that are underway.

n Times Property, The Times of India, Bangalore

Bangalore: You can still get flats under Rs 20 lakhLooking to buy a home with a budget constraint of less than Rs 20 lakh? Magicbricksbrings you various options. As per the data collection and analysis, there are fourlocalities in Bangalore such as Electronic City, Sarjapur Road, Begur Road andWhitefield, where you can take your pick. Along with affordability these areas offergood connectivity and fast developing social and physical infrastructure.

n Magicbricks.com Bureau

S.S. AsokanExe DirectorShriram

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

It is challenging for the real estate sector tocater to the growing demand. Real estateinvestments being immovable assets are thesafest for the investor today. This is anexcellent choice for investment if sensiblypurchased with the right professionalexpertise and advice, as it provides scope forsteady income and appreciation in the longrun. ‘Don’t wait to buy real estate, buy realestate and wait’, stands testimony to this fact.

Feroze AbdullaFeroze Estate Agency

E X P E R T S P E A KBroker

Bangalore saw new launches and significantsales in the first half of 2014. The below Rs 10 million price bracket is the flavor.Whitefield and Sarjapur Road in the east andHennur Road–Thanisandra Main Road in thenorth are the hot spots of residential activity.The buyer segment favors large integrateddevelopment. The city witnessed twolaunches and 3-4 are expected in the currentfinancial year.

Maneesh GuptaDirector, VASColliers International

Consultant

How has the city performed in the lastquarter with respect to capital values indifferent areas? Why?

The Bangalore city has seen stableproperty prices in the Apr-Jun 2014quarter and any appreciation in theresidential values are not reflecting in thesales values.

Which budget ranges have done well inthe last quarter and why?

In Bangalore city, the residential housingoptions in the budget range between Rs50 lakh to Rs 1 crore has done well in theApr-Jun 2014 quarter.

What type of property is in demand?

Going by the type of property, 2BHKapartments, in the budget range of Rs 50lakh to Rs 1 crore have been mostly indemand in this quarter. The sizes of theseapartments are approximately 1200 sq ftarea.

Which areas or corridors have seen themaximum launches in the last quarter?Which areas are expected to see newlaunches/possession in the comingmonths?

The residential areas to have seen themaximum launches in the city are:

l Sarjapur Road

l Whitefield

l Kanakapura.

In future Kanakapura is one of the areaswhich is expected to see new launches/possessions.

Any new infrastructure project that hadan impact on the real estate market inthe last few months or is expected toimpact the market in the comingmonths?

In Bangalore, not much infrastructuredevelopment is happening as there noinitiatives that are taking place. All pastissues have still not been resolved.Though the link to the airport has madethe travel easier but it has not yetcompletely solved the bottleneck that thecity witnesses on this route.


Budget wise Analysis

l The Rs 40-60 lakh and Rs 60-100lakh categories registered aconsolidated demand of 64 per centwhile the supply was 46 per cent. Oversupply was registered in allother categories

l The demand for Upto Rs 20 lakhwas marginal at 2 per cent while itssupply was 10 per cent. Demand inthe Rs 20-40 lakh category was 16 per cent and supply 21 per cent.Supply for Rs 1 crore and Abovecategory led demand by 5 per cent

DEMAND - S UPP LY ANALYS I SIn Bangalore, a gradual shift in the home buyer’s preference from plots to apartments waswitnessed in the Apr-Jun 2014 quarter. While apartments were oversupplied, plots remained undersupplied during the same period.

Except for the Upto Rs 20 lakh category, supply was uniformly distributed in all other budgetranges. However, demand was concentrated in the Rs 40-60 lakh and Rs 60-100 lakh categories. The 2BHK category was high in demand though supply for the same fell short by 8 per cent.Demand and supply for 3BHK units was synonymous while an oversupply was witnessed in the4BHK and Above category in the current quarter

Property wise Analysis

l Though, apartments replaced plotsas the most preferred property typein the current quarter, thissegment registered a mismatch indemand and supply. While demandstood at 43 per cent, its supply waswell ahead at 65 per cent

l Plots saw a 5 per cent drop indemand and stood at 40 per centwhile supply for the same was at 24 per cent. Demand for residentialhouses led its supply by 6 per centin the present quarter

BHK wise Analysis - City Level

l The 2BHK category remained themost preferred BHK configurationin the city with 57 per centdemand. Supply stood at 49 per cent, falling short by 8 per cent. The demand and supplyfor 1BHK category was negligible

l Both demand (34%) and supply(39%) for the 3BHK configurationwas consistent. The 4BHK andAbove category saw an oversupplywith 10 per cent availability. Thedemand was merely 4 per cent

40

30

20

10

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

above

2

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

2

1816

3133

2931

2018

(Jan-Mar 2014)

(Apr-Jun 2014)

Budget wise Analysis - City Level

DEMAND

40

30

20

10

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

above

11

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

10

22 2124 25

20 21 23 23

(Jan-Mar 2014)

(Apr-Jun 2014)

SUPPLY

BHK Configuration - City Level

60

50

40

30

20

10

0

7 5

5557

34 34

4 4

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above

DEMAND SUPPLY

60

50

40

30

20

10

01 2

50 49

39 39

10 10

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above

Property wise Analysis - City Level

80

60

40

20

0

38

43

17 17

4540

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

Apartment Residential House Residential Plot

DEMAND

80

60

40

20

0

63 65

10 11

2724

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

Apartment Residential House Residential Plot

SUPPLY


Source: M

agicbricks.comS

ource: Magicbricks.com

Source: M

agicbricks.com

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l There was negligible demand for Upto Rs 20 lakh category while itssupply was 11 per cent, registering a mismatch of 10 per cent.Similar mismatch was observed in the Rs 20-40 lakh category, wheredemand was 19 per cent and supply 30 per cent

l Undersupply was registered in the Rs 40-60 lakh and 60-100 lakhcategories in the current quarter. In the Rs 40-60 lakh category,demand was 33 per cent and supply was 26 per cent, indicating a gap of 7 per cent

l For Rs 60-100 lakh category, supply (16%) fell short of its demand(30%) by 14 per cent in the Apr-Jun 2014 quarter. Demand and supplyfor the Rs 1 crore and Above was synonymous at 17 per cent

DEMAND SUPPLY

DEMAND & SUPPLY - South Bangalore

Apartments replaced plots as the most preferred property type in South Bangalore in theApr-Jun 2014 quarter. The property type was oversupplied by a significant 23 per cent. On the contrary, plots saw an undersupply of 16 per cent in the zone.

There was an oversupply of Upto Rs 20 lakh and Rs 20-40 lakh categories in the currentquarter while an undersupply was registered in the Rs 40-60 lakh and Rs 60-100 lakhcategories. Demand and supply for Rs 1 crore and Above was synonymous. Demand for2BHK units was highest in the zone which more or less matched its supply.


l Apartments replaced plots as the preferred property type in the Apr-Jun 2014 quarter. The segment recorded a healthy 47 per centdemand, a rise of 7 per cent when compared to the previous quarter.Supply too increased by 5 per cent and stood at 70 per cent

l A significant drop of 7 per cent in demand and 5 per cent in supplyof plotted development was seen in the current quarter. There was37 per cent demand and 21 per cent supply for the same

l Demand for residential houses led supply by 7 per cent in the Apr-Jun 2014 quarter. Both demand and supply remained consistentat 16 and 9 per cent respectively, when compared to the previous Jan-Mar 2014 quarter

BHK wise Analysis

l The 2BHK units continued to remain popular. The category saw 57 per cent demand, a rise of 4 per cent from the previous quarter,while the supply for the same closely followed demand at 52 per cent

l While supply for the 3BHK category remained constant at 37 per cent, its demand registered a nominal dip of 2 per cent andstood at 34 per cent

l An undersupply in the 1BHK category and oversupply in the 4BHKand Above category was registered in the current quarter. Therewas 5 per cent demand and 3 per cent supply for the 1BHK categorywhile the 4BHK and Above category saw 3 per cent demand and 8 per cent supply

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


Q4 Q1

1919

31 33

2830

21 17

Q4 Q1

11

30

23

17

17

16

26

30

13

17

Q4 Q1

4047

Q4 Q1

65

970

9

Q4 Q1

5753

3436

Q4 Q1

5254

37 37

87

7

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

16

44 37

16

26 21





BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l Demand (13%) and supply (12%) for Rs 20-40 lakh category wassynonymous. Demand for the same saw a drop of 4 per cent in thecurrent quarter

l Demand and supply mismatch was registered in all other categoriesin the current quarter. The Upto Rs 20 lakh and Rs 1 crore andAbove categories saw an oversupply of 7 and 11 per cent respectively

l There was highest demand of 33 per cent, for the Rs 60-100 lakhcategory. Supply for the same was 25 per cent, falling short of itsdemand by 8 per cent. Similarly, a gap of 10 per cent was noted in theRs 40-60 lakh category, withdemand at 29 per cent and supply 19 per cent in the Apr-Jun 2014 quarter

DEMAND SUPPLY

DEMAND & SUPPLY - North Bangalore

In North Bangalore, demand was inclined towards plots while supply was towardsapartments in the current quarter. Plots and residential houses witnessed an undersupplywhile apartments were oversupplied in the zone.

The 2BHK category was the most popular with 57 per cent demand and leading supply by17 per cent. A respective oversupply of 9 and 15 per cent was witnessed in the 3BHK and4BHK and Above categories. The Rs 40-60 lakh and Rs 60-100 lakh categories were undersupplied while Upto Rs 20 lakh and Rs 1 crore and Above categories were overersupplied.


l Plots were the preferred property type in the current quarter. Whilethe supply for the same remained constant at 38 per cent, demandsaw an insignificant drop of 3 per cent from the previous quarterand stood at 46 per cent

l Apartments registered an oversupply of 15 per cent. While thedemand was 36 per cent, a rise of 4 per cent from the previousquarter, the supply was well ahead at 51 per cent, registering asignificant mismatch

l A similar mismatch was observed in the residential houses category.Demand of 18 per cent was seen, which increased as compared tothe previous quarter. Supply for the same was 11 per cent

BHK wise Analysis

l The 2BHK category had the maximum demand at 57 per cent but thesupply in the same was insufficient at 40 per cent. The category sawa rise of 4 per cent in demand and a drop of 4 per cent in the supply

l Demand (35%) of 3BHK category was consistent with the previousquarter while its supply noted a marginal rise of 3 per cent andstood at 44 per cent. A gap of 9 per cent was registered in thedemand and supply of the category

l Demand for 1BHK and 4BHK and Above category was similar at 4 per cent. However, the former saw a insignificant supply of 1 per cent while the latter observed an oversupply with 15 per cent availability

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


Q4 Q1

1713

23

29

3330

26

22

Q4 Q1

12

10

12

23

25

19

24

32 34

9

3236

Q4 Q1

52 51

Q4 Q1

10 11

Q4 Q1

53 57

35 35

Q4 Q1

41 44

40

1513

44

7

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

49 46 38 38

1918





BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l An oversupply of 19 per cent was registered in the Rs 1 crore andAbove category. Supply was 51 per cent with a significant rise of 8 per cent. Demand saw a drop of 7 per cent and stood at 32 per cent

l Demand and supply mismatch was observed in all other categories.In the Rs 60-100 lakh category, demand was 31 per cent and supply 19 per cent, indicating a mismatch of 12 per cent. Demand saw a riseof 5 per cent while its supply dropped by 3 per cent in the currentApr-Jun 2014 quarter

l The Rs 20-40 lakh and Rs 40-60 lakh categories saw a consolidateddemand of 36 per cent while the supply was 25 per cent

DEMAND SUPPLY

DEMAND & SUPPLY - Central Bangalore

In Central Bangalore, 2 and 3BHK units noted maximum demand. Supply, wasmismatched. While an undersupply was noted in the 2BHK category, 3BHK units wereoversupplied. Supply for the 4BHK and Above category led its demand by 8 per cent.

While supply for the Rs 1 crore and Above category improved further, demand saw a dropand remained well behind, indicating a significant gap of 19 per cent. An undersupplywas registered in the Rs 20-40 lakh, Rs 40-60 lakh and Rs 60-100 lakh categories.Apartments remained the most demanded and supplied property type in the zone.


l As observed in the previous quarter, apartments were the preferredproperty type in the zone. The category saw 75 per cent demand, a rise of 4 per cent from the previous quarter, while the supply forsame stood at 81 per cent, indicating a mismatch

l Demand for plots registered a small drop of 3 per cent in the presentquarter and stood at 13 per cent. Supply for the same kept pace withdemand remaining firm at 13 per cent

l A marginal dip of 1 per cent in both demand and supply forresidential houses was seen. While demand stood at 12 per cent,supply fell short by 6 per cent in the current Apr-Jun 2014 quarter

BHK wise Analysis

l Among all zones, Central Bangalore registered the maximumdemand and supply for 3BHK units. The category saw consistentdemand of 46 per cent while supply was 50 per cent, a rise of 9 per cent from the previous quarter

l A mismatch of 10 per cent was observed in the demand and supplyof the 2BHK category. Demand stood at 48 per cent, a rise of 6 per cent from the previous quarter. Its supply was 38 per cent,registering a decline of 6 per cent

l Demand and supply for 1BHK category was negligible. Both demandand supply for the 4BHK and Above category saw a decline of 3 per cent. The supply was 11 per cent and demand only 3 per cent

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

Q4 Q1

1112

21

26

25

31

39 32

Q4 Q1

21

19

5143

17

Q4 Q1

42 48

46 466

Q4 Q1

41 50

44

14

38

11

DEMAND SUPPLY


Q4 Q1

71 75

Q4 Q1

797

816

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

13

16 13

12

14 13

6

13

22

8





BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l Oversupply of 14 per cent was observed in the Upto Rs 20 lakhcategory. While demand was only 2 per cent, its supply was wellahead at 16 per cent. Similar oversupply was observed in the Rs 20-40 lakh category, where demand was 18 per cent and supply 26 per cent

l Demand for Rs 40-60 lakh category saw a nominal rise of 3 per centand stood at 27 per cent. Supply was 21 per cent, a dip of 3 per centfrom the previous quarter

l The Rs 60-100 lakh category noted 31 per cent demand and 16 per cent supply, where the demand increased by 4 per cent andsupply dropped by the same

DEMAND SUPPLY

DEMAND & SUPPLY - West Bangalore

Plots continued to remain high in demand in West Bangalore with 58 per cent. Its supplyfell short by 12 per cent. Apartments saw an oversupply of 18 per cent.

A respective oversupply of 14 and 8 per cent was observed in the Upto Rs 20 lakh and Rs 20-40 lakh categories. Demand and supply for the Rs 1 crore and Above was similarwhile an undersupply was witnessed in the Rs 40-60 lakh and Rs 60-100 lakh categories.Demand and supply for 3BHK units was synonymous while a mismatch was observed inthe 2BHK and 4BHK and Above categories.


l Among all zones, West Bangalore recorded the maximum demandfor plots. Demand remained constant to the previous quarter, at 58 per cent while, the supply saw a rise of 7 per cent and stood at 46 per cent. Demand led supply by 12 per cent

l Apartments also recorded a mismatch with demand at 26 per centand supply at 44 per cent, exceeding demand by 18 per cent. Supplyfor the same registered a drop of 7 per cent in the current quarter

l While the supply of residential houses remained unchanged at 10 per cent in the current quarter, demand saw a nominal drop of 2 per cent when compared to the previous quarter and stood at 16 per cent

BHK wise Analysis

l The 2 and 3BHK categories recorded a consolidated demand of 94 per cent while the supply was 87 per cent. Individually, the 2BHKcategory saw 57 per cent demand, highest in the zone, while supplystood at 48 per cent, indicating a gap of 9 per cent

l The 3BHK category saw 37 per cent demand closely followed bysupply at 39 per cent. Supply saw an increase of 4 per cent in thecurrent quarter

l Supply for the 4BHK and Above category led demand by 9 per centin the present quarter. The category saw 12 per cent supply while itsdemand was merely 3 per cent. The demand and supply for the1BHK category was negligible in the zone

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY

Q4 Q1

20 18

24 27

27

26 22

Q4 Q1

2326

19

20

24

14

21

16

21

16

Q4 Q1

54 57

36 37

Q4 Q1

35

4854

39

1210

DEMAND SUPPLY


24 26

Q4 Q1

51 44

Q4 Q1

1010

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

58 58 39 46

18 16

31





BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l Similar to the previous quarter, the Rs 40-60 lakh category sawmaximum demand of 37 per cent. Supply fell short of demand by 9 per cent and stood at 28 per cent.

l Demand and supply for Rs 60-100 lakh category recorded a mismatchof 10 per cent. The category saw 33 per cent demand and 23 per centsupply. While supply for the Rs 20-40 lakh category remainedconstant at 20 per cent, its demand dipped by 3 per cent and stood at14 per cent

l Supply for Upto Rs 20 lakh category led its demand by 7 per cent. For the Rs 1 crore and Above category, the demand was 15 per centand supply was 21 per cent

DEMAND SUPPLY

DEMAND & SUPPLY - East Bangalore

East Bangalore witnessed high demand for 2BHK category in the current quarter, whilesupply for the same fell short by 8 per cent. An oversupply of 6 per cent was witnessed inboth 3BHK and 4BHK and Above categories.

Apartments witnessed an oversupply of 18 per cent while an undersupply was noted inresidential houses and plots. The Rs 40-60 lakh category continued to be in demand,though its supply lagged behind by 9 per cent. An undersupply was witnessed in the Rs 60-100 lakh category while an oversupply was recorded for remaining categories.


l Even though demand for apartments saw a rise of 6 per cent in thecurrent quarter, a significant mismatch was visible in its demandand supply. While the demand was 54 per cent, supply stood at 72 per cent

l Demand and supply for residential houses in the current quarterremained more or less similar to that of the previous quarter. The category recorded 18 per cent demand but the supply wasinsufficient at 13 per cent

l Mismatch was also observed in the plots category. Demand ledsupply by 13 per cent. This segment saw 28 per cent demand, a dropof 6 per cent. Supply for the same was only 15 per cent

BHK wise Analysis

l The 2BHK category continued to remain the most preferredconfiguration in the zone. The demand was 57 per cent and 49 per cent supply for the same, recording a gap of 8 per cent

l Both demand and supply for the 3BHK units remained consistentwith the previous quarter. The category saw 33 per cent demandwhile supply stood at 39 per cent

l There was 6 per cent demand for 1BHK category while its supplyremained negligible at 2 per cent. A gap of 6 per cent was registeredin the demand and supply of the 4BHK and Above category. Whilethe demand was 4 per cent, its supply stood well ahead at 10 per cent

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


Q4 Q1

1417

34 37

30 33

16 15

Q4 Q1

2020

28 28

20 23

22 21

10

4854

Q4 Q134 28

71 72

Q4 Q1

17 15

12 13

Q4 Q1

55 57

33 33

7 6

Q4 Q1

39

50 49

39

10 10

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

1818

8





14VOL4, ISSUE 1; APR-JUN, FY 2014-15propindex.magicbricks.com

DELHI

DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 & Above

East 33% 22% 27% 6% 12%North 28% 21% 26% 9% 16%South 11% 19% 30% 11% 29%West 39% 21% 19% 6% 15%City 20% 20% 27% 9% 24%

SUPPLYEast 25% 31% 15% 9% 20%North 14% 18% 26% 14% 28%South 4% 9% 17% 15% 55%West 34% 29% 16% 7% 14%City 8% 12% 17% 14% 49%

GURGAON

DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 cr & Above

Dwarka Expressway 30% 29% 29% 1% 11%Golf course Extn Rd 26% 16% 25% 11% 22%New Developing Sectors 48% 22% 26% 3% 1%New Gurgaon 24% 25% 25% 10% 16%Old Gurgaon 27% 20% 24% 9% 20%Sohna Road 42% 24% 23% 5% 6%City 27% 23% 24% 10% 16%

SUPPLYDwarka Expressway 26% 30% 15% 8% 21%Golf course Extn Rd 14% 22% 27% 11% 26%New Developing Sectors 64% 26% 2% 1% 7%New Gurgaon 16% 23% 22% 13% 26%Old Gurgaon 15% 35% 25% 9% 16%Sohna Road 37% 34% 13% 9% 7%City 18% 24% 22% 11% 25%

NOIDA


New developing sectors 60% 20% 9% 9% 3%Noida Gr Noida Expway 36% 33% 18% 10% 3%Old Noida 38% 24% 15% 16% 7%City 42% 28% 15% 11% 4%

SUPPLYNew Developing Sectors 62% 14% 13% 6% 5%Noida Gr Noida Expway 38% 24% 18% 11% 9%Old Noida 22% 17% 18% 23% 20%City 36% 21% 18% 13% 12%

MUMBAI

DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 cr &Above

Central Line 31% 24% 19% 11% 15%Central Mumbai 14% 17% 32% 14% 23%Harbour Line 19% 22% 22% 9% 28%Navi Mumbai 39% 16% 27% 8% 10%South Mumbai 7% 7% 17% 11% 58%Thane 41% 21% 29% 4% 5%Western Suburbs 24% 26% 23% 9% 18%City 24% 24% 22% 9% 21%

SUPPLYCentral Line 25% 33% 19% 5% 18%Central Mumbai 8% 21% 20% 11% 40%Harbour Line 17% 30% 26% 10% 17%Navi Mumbai 25% 27% 24% 7% 17%South Mumbai 3% 6% 9% 7% 75%Thane 28% 36% 19% 5% 12%Western Suburbs 19% 25% 18% 13% 25%City 16% 24% 18% 10% 32%

Luxury takes centre stage in Indian cities

Across India, luxuryproperties have seen arising demand. However,

with developers in most citieschoosing to build heavily in thissegment, the luxury marketcontinued to be over-supplied.

In smaller cities such as Vadodara,local demand from industrialists,in the 40-year age group seeking toupgrade lifestyle, drove demand in

the category. In most big cities,luxury demand came from IT andManufacturing professionalslooking for premium lifestylesnear their place of work. It camepackaged with premium assetquality, safe gated communities,lifestyle features such as joggingtracks, swimming pools, sportsfacilities and well plannedlandscaping. A key component of




15VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

luxury development has beenefficient concierge services,premium brand tie-ups andpredictive facilitations.

Luxury in the suburbs has beenaround for a while. But in the pastsix months luxury demand has re-entered CBD (Central BusinessDistrict) areas which are under re-development. A clear case isBangalore and Chennai wheretraditional downtown premiumareas such as MG Road and Adyarare posting both supply and robustdemand for extremely high-priced

modern units which are built onre-developed old plotted layouts.The buyers are the traditionalwealthy citizens of the city whoare upgrading to modernapartment living within localitiesin their comfort zone. The qualityof assets supercedes the packagedlifestyle features in these areas.Location contributes to a largepart of the values of theseproperties.

As users go online to seek luxuryproperty, PropIndex acknowledgesthis as a significant segment.

CHENNAI

DEMAND 1-1.4 cr 1.4 -2 cr 2-3 cr 3-5 cr 5 cr &Above

Central 33% 24% 17% 15% 11%North 37% 37% 13% 7% 6%South 41% 24% 15% 9% 11%City 38% 27% 15% 10% 10%

SUPPLYCentral 20% 23% 20% 14% 23%North 25% 27% 18% 13% 17%South 28% 21% 17% 17% 17%City 25% 23% 18% 15% 19%

BANGALORE


Central 29% 30% 17% 15% 9%East 43% 31% 14% 7% 5%North 38% 29% 18% 10% 5%South 44% 26% 15% 8% 7%West 40% 27% 17% 9% 7%City 42% 29% 14% 9% 6%

SUPPLYCentral 16% 20% 19% 17% 28%East 34% 24% 20% 12% 10%North 34% 28% 21% 11% 6%South 30% 27% 21% 14% 8%West 35% 30% 20% 11% 4%City 32% 26% 21% 12% 9%

PUNE

DEMAND 1-1.2 cr 1.2-1.6 cr 1.6-2.0 2-4 cr 4 cr & cr Above

Central 10% 27% 16% 21% 26%East 31% 35% 11% 17% 6%North 38% 28% 7% 19% 8%South 31% 35% 11% 19% 4%West 31% 37% 10% 17% 5%City 31% 36% 11% 16% 6%

SUPPLYCentral 4% 13% 12% 41% 30%East 27% 31% 11% 19% 12%North 21% 33% 10% 26% 10%South 25% 24% 19% 22% 10%West 27% 26% 14% 23% 10%City 26% 27% 13% 22% 12%

HYDERABAD


East 48% 20% 19% 5% 8%North 57% 28% 11% 2% 2%South 51% 24% 11% 8% 6%West 37% 25% 12% 13% 13%City 40% 25% 12% 12% 11%

SUPPLYEast 53% 22% 7% 13% 5%North 29% 33% 24% 11% 3%South 16% 18% 25% 28% 13%West 26% 20% 25% 15% 14%City 27% 21% 23% 17% 12%




CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

AECS Layout 3800 to 4700

Banashankari 6450 to 8400

Banashankari Stage 3 4300 to 5650

Banasvadi 3800 to 4850

Bannerghatta Road 3550 to 4700

Begur Road 3050 to 3850

Bellandur 4200 to 5450

Bommanahalli 3500 to 4500

Brooke Field 4650 to 5750

BTM Layout 5050 to 6300

Chandapura 2550 to 2900

Cookes Town 6700 to 8450

Cox Town 5450 to 6900

CV Raman Nagar 3700 to 5000

Electronic City 3000 to 4050

Frazer Town 6550 to 8700

Gottigere 3150 to 3850

Harlur 4650 to 6000

Harlur Road 4900 to 6300

HBR Layout 3600 to 4600

Hebbal 5000 to 6800

Hennur 3850 to 5100

Hennur Main Road 4200 to 5550

Hennur Road 4350 to 5400

Hoodi 3450 to 4550

Hormavu 3500 to 4350

Hosa Road 3150 to 4100

Hosur Road 3200 to 4050

HRBR Layout 5400 to 6700

HSR Layout 4150 to 5400

Indira Nagar 7450 to 10050

ITPL 4000 to 4850

Jakkur 4200 to 5200

Jalahalli 3800 to 5250

JP Nagar 4100 to 5400

JP Nagar Phase 7 4650 to 6400

Kadugodi 3500 to 4350

Kaggadaspura 3600 to 4400

Kalyan Nagar 3400 to 4150

Kanakapura Road 3950 to 5250

Koramangala 6850 to 9100

KR Puram 3300 to 4000

Krishnarajapura 3250 to 4050

Kudlu 3850 to 4850

Kundalahalli 3650 to 4800

Magadi Road 6100 to 8250

Mahadevpura 3900 to 4900

Malleswaram 10700 to 13750

Marathahalli 3750 to 4900

Mysore Road 3450 to 4150

Nagawara 3950 to 5350

Old Airport Road 4650 to 6150

Old Madras Road 4050 to 5050

Outer Ring Road 4550 to 6200

Panathur 3650 to 4500

Rajarajeshwari Nagar 3250 to 3800

Ramamurthi Nagar 3500 to 4450

RT Nagar 4000 to 5050

Sahakar Nagar 4550 to 6100

Sarjapur 3150 to 4250

Sarjapur Road 3750 to 5100

Silk Board 3300 to 4300

Singasandra 3600 to 4400

Thanisandra 3950 to 5300

Thannisandra Road 3900 to 5100

Uttarahalli 3250 to 3750

Varthur 3450 to 4450

Vidyaranyapura 3450 to 4400

Whitefield 4150 to 5600

Yelahanka 3850 to 4950

Yelahanka New Town 4050 to 5450

Yeshwanthpura 6650 to 8050

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

BANGALORE



VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

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

Propindex Apr Jun 2014 Bangalore