PropIndex | Magicbricks › microsite › buy › propindex... · 2020-04-01 · 1,600 residential units of DDA. - The upcoming Regional Rapid Transit System (RRTS) lines to Meerut,

PropIndex | Magicbricks

Residential Market Insights

Silver line visible in Delhi, prices inch up to 2016 levels

Delhi residential market demand maintained its momentum from the last quarter and grew at 5.4% in Q1 2020,slightly above the growth nationally. The supply of residential properties has seen a decline, with Q1 supplycontracting at 3%, indicating a silver line for a slight price increase in the coming quarters.

Both the Under-Construction (UC) and Ready-to-Move (RM) segments witnessed an overall price stabilization in thequarter, with UC properties in the non-premium segment seeing a price rise, whereas RM properties under the samecategory witnessing a price decline. Due to the demand-supply mismatch, and higher investment ticket size, thedemand for affordable properties continued to move towards the satellite cities of Noida, Greater Noida, Ghaziabadand Faridabad.

5 YearChange YoY QoQ

0.0%-0.1%-2.8%

5 YearChange YoY QoQ

0.0%-3.6%-7.5%

"After a steep fall inprices in the last5 years, the city

witnessed stabilizationin the

Under-Constructionsegment in the last two

quarters."

DelhiJan-Mar 2020

Parameters India New Delhi

Demand+ +5.3% +5.4%Supply++ -0.8% -3.0% Price Index+++ +0.1% -0.0%

"The positive scenariofor the city'sresidential

development is visibleas the price has inchedup to 2016 price levelsin the last fewquarters"

Notes:Above parameters represent QoQ change in Q1 2020 atIndia and city level + volume of property searches ++ volume of active listings +++ change in the weighted average price

Source: Magicbricks Research

Delhi Development Authority

Mitya Infratech

DLF

S B Associates

Shri Laxmi Properties

Partap Builders

Planner N Maker

Vasant Builders

Goyal Builders

GHP Corporation

Mitya Homes Dwarka Mor

DLF Capital Greens Moti Nagar

DLF Chattarpur Farms Chhattarpur

DDA Flats Vasant Kunj Vasant Kunj

Uttam Nagar Floors Uttam Nagar

JVTS Gardens Chhattarpur

J R Designers Floors Rohini

Goyal Builder Floors Uttam Nagar (W)

Freedom Fighter Enc. Saket

Bharat Luxury Homes Uttam Nagar

Average changes in prices for localities in various price segments

Market Dynamics

Ready to Move Price Index

Under Construction Price Index

- City's residential segment likely to bedominated by redevelopment in thenext three years, with the governmentre-developing seven housing coloniesand a World Trade Centre in southDelhi's Nauroji Nagar, Netaji Nagar,and Sarojini Nagar.

- Development of 'East Delhi Hub' atKarkardooma to include construction of1,600 residential units of DDA.

- The upcoming Regional Rapid TransitSystem (RRTS) lines to Meerut, Alwar,and Panipat to ease some pressurefrom the Capital's residential segment.

"Growth in price visiblein the underconstruction

properties, with 3.1%increase in less thanINR 5,000 per sqftsegment"

Key Trends to Watch Out

2014

2015

2016

2017

2018

2019

2020

8,000

10,000

12,000

14,000

16,000

18,000

Avg. Price psf

2014

2015

2016

2017

2018

2019

2020

8,000

10,000

12,000

14,000

16,000

18,000

Avg. Price psf

Price Bracket (INR/sqft)

< 5,000 5,000-10,000 10,000-15,000 > 15,000

RM UC RM UC RM UC RM UC

3.1%

-1.0%

1.1%

-0.4%

0.7%

1.4%

-0.8%-0.5%

Key Projects based on consumersearches

Key Developers based on activelistings

Average Price INR per sqft

Average Price INR per sqft

The above table represents the top developers by share ofactive listings on Magicbricks website in Q1 2020


Note:The above table represents the top projects by consumerpreference on Magicbricks website in Q1 2020


Notes:1. Ready to move price index represents the weighted average price of completed properties on Magicbricks website as on March 20202. The trend line represents the average prices of dominant asset class in each locality of the city. Source: Magicbricks Research

Note:1. Under-construction price index represents the weighted average price of under-construction properties on Magicbricks website as on March 20202. The trend line represents the average prices of dominant asset class in each locality of the city.


Note:Above table represents the price changes for Ready to move (RM) and Under construction (UC) properties for dominant asset classes in each locality under various pricebuckets as on March 2020


Page 1© magicbricks.com

1 BHK13%

3 BHK39%

Above 3 BHK11%

2 BHK37%

DEMAND

Demand Supply Analysis Delhi | Jan-Mar 2020

70% of the demand for 'less than INR 10,000 per sqft' segment

50% demand concentrated in 1 and 2 BHK segmentDelhi consumer focus onaffordability

In Q1 2020, the market saw an increasingdemand for affordable properties across Delhi.We dissect the consumer searches in variousdimensions in terms of typology, configurationand price segments. The data suggest thefollowing trends:

"The propensity of demandconcentrated in well-connectedlocalities such as Dwarka, Saket,and Janakpuri, which rankedcontinuously high in terms ofsearches in the last few

quarters."

- Demand-supply mismatch between 2 and 3BHK properties reflects increased demand foraffordable houses.

- 50% of the demand was concentrated in 1and 2 BHK configurations, while supply mostlyavailable in 3 BHKs

- The supply-demand mismatch is evident, aseven though the demand for 2 and 3 BHKs isalmost the same (37% and 39%, respectively),the supply of 3 BHKs (47%) is double that of 2BHKs (25%).

- Additionally, 37% of the demand is for '<INR5,000 per sqft' houses, while the supply is just26%. Eventually, the buyers are compelled toconsider the bigger size options with higherticket size or move to the satellite cities foraffordable properties.

Top Micromarkets by consumersearches

Propensity of demand and supply in terms of searches andlistings by localities

1 BHK7%

2 BHK25%

3 BHK47%

Above 3 BHK21%

SUPPLY

10,000-15,00019%

5,000-10,00034%

> 15,00021%

< 5,00026%

SUPPLY Price buckets in INR per sqft

Top Micromarkets by active listings

10,000-15,00019%

5,000-10,00033%

> 15,00011%

< 5,00037%

DEMAND Price buckets in INR per sqft

Notes:1. Demand represents property searches on Magicbricks website during Q1 2020, segregated by Bedroom, Hall, Kitchen (BHK) configuration2. Supply represents active listings on Magicbricks website during Q1 2020, segregated by BHK configuration


.Notes:1. Demand represents property searches on Magicbricks website during Q1 2020, segregated by price buckets2. Supply represents active listings on Magicbricks website during Q1 2020, segregated by price buckets


Note:1. Above map depicts the key localities of the city, with the size of the bubble depicting demand (consumer preference) /supply (active listings) forproperties in the localities on Magicbricks website in Q1 20202. This is an interactive map available on Magicbricks.com under Propindex section.Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.


Note:1. Top micro-markets of the city, ranked by their active listings onMagicbricks in Q1 20202. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.


Note:1. Top micro-markets of the city, ranked by number of searches onMagicbricks in Q1 20202. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.


New Rajendra Nagar

Vasundhara Enclave

Dwarka Sector 22

Kalkaji Extention

Rohini Sector 20

Vasant Vihar

Chhattarpur

Aya Nagar

Janakpuri

Shahdara

Mehrauli

Azadpur

© OpenStreetMap contributors

Demand/SupplyDemand

Dwarka 3300 - 10900

Saket 9950 - 23400

Janakpuri 4550 - 15000

Uttam Nagar 2750 - 5750

M G Road 3100 - 5600

Greater Kailash 9800 - 27150

Rohini 5450 - 18850

11

62

43

54

35

26

87

Dwarka 3300 - 10900

Greater Kailash 9800 - 27150

Uttam Nagar 2750 - 5750

Rohini 5450 - 18850

Green Park 15150 - 39400

Janakpuri 4550 - 15000

Saket 9950 - 23400

11

22

33

54

45

66

77

Micro-Market Price Range Rank Rank Q1-20 Q4-19

(Price in INR per Sqft)

Micro-Market Price Range Rank Rank Q1-20 Q4-19


Note:1. Size of the bubble depicts demand, measured by volume of property searches in localities in Q1 20202. Color of the bubble represents price change in Q1 2020, with green color representing price increase and red color price decrease.3. This is an interactive map available on Magicbricks.com under Propindex section.Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

LocalityAvg.Price

PriceChan..

Khanpur

Madangir

Om Vihar

Govindpuri Main

Chhattarpur

Mehrauli

Burari

Mohan Garden

Matiala

Dwarka Mor

Jamia Nagar

Uttam Nagar

Nawada

Uttam Nagar West

Uttam Nagar East

-7.5%

-0.4%

3.1%

1.8%

2.1%

-7.5%

0.6%

-3.8%

7.0%

-0.3%

-7.5%

-7.5%

4.5%

-4.0%

3.4%

0.9%

4,738

4,663

4,496

4,391

4,378

4,298

4,294

4,278

4,181

4,157

4,091

4,037

3,999

3,788

3,660

3,658

< INR 5,000 psf INR 5,000-10,000 psf INR 10,000-15,000 psf > INR 15,000 psf

Price Analysis Delhi | Jan-Mar 2020

- All price segments witnessed a mix of price increases and declines, with no price segment showing any specific upward or downward trend.- Most of the peripheral localities in west Delhi and pockets of south-east Delhi witnessed a price increase.- The price decline was mostly visible in areas adjoining Gurgaon, including Vasant Kunj, Chattarpur, Mehrauli and Vasant Vihar, reflecting that people havestarted to prefer living in Gurgaon to avoid massive road congestions.


LocalityAvg.Price

PriceChange

Indraprastha Ext

Patparganj

Paschim Vihar

Mayur Vihar

Rajouri Garden

Pitampura

Mayur Vihar 1

Rohini

Jhilmil Colony

Kalkaji

Kirti Nagar

Lajpat Nagar 1

Moti Nagar

Rohini Sector 13

Vivek Vihar

7.5%

5.5%

-2.7%

6.0%

2.2%

-2.5%

-0.8%

0.7%

-4.4%

2.5%

-1.2%

7.5%

1.0%

1.7%

7.5%

7.5%

-4.8%

1.9%

1.7%

5.4%

2.3%

7.5%

0.6%

-0.4%

14,641

14,592

14,544

14,461

14,070

13,600

13,437

13,351

13,212

13,163

13,050

12,746

12,642

12,274

12,224

11,885

11,319

11,300

11,044

10,838

10,341

10,262

10,206

10,118

LocalityAvg.Price

PriceChange

Preet Vihar

Chittaranjan Park

Punjabi Bagh West

Lajpat Nagar

Lajpat Nagar 4

Shivalik

Saket

East Of Kailash

Kailash Colony

Greater Kailash 1

Greater Kailash

Jangpura

Geetanjali Enclave

Greater Kailash 2

Green Park Ext

-2.2%

7.5%

3.2%

1.1%

-5.6%

2.9%

-0.7%

-3.9%

5.3%

-2.5%

-7.5%

-3.9%

5.1%

-6.8%

4.2%

-4.3%

7.5%

-3.0%

6.8%

-0.7%

-5.4%

-4.6%

-7.0%

1.9%

-7.5%

5.1%

-0.5%

-2.5%

3.3%

1.3%

-0.9%

0.7%

-3.0%

-2.9%

-2.8%

1.5%

7.5%

53,155

37,678

31,751

30,731

27,692

27,644

27,626

25,474

22,694

22,325

22,111

21,823

21,728

21,324

21,199

21,079

20,911

20,440

19,914

19,871

19,868

19,829

19,384

19,351

19,133

18,943

18,795

18,247

17,639

16,836

16,221

16,153

15,675

15,526

15,412

15,122

15,081

Note:1. Above is the list of major localities of the city, with information about their average prices and QoQ price changes in Q1 2020. This is an interactive table available on Magicbricks.com under Propindex section.2. The locality prices are calculated by averaging the prices of all properties in a locality in multi-storey and builder floor segment, after removing the outlier properties that might distort the overall prices.3. The four tables above categorize the localities in various price buckets.4. The color of the numbers represent the price change in Q1 2020, with green color representing price increase, red color price decrease, and grey as neutral. Source: Magicbricks Research

Disclaimer: The data represented above is compiled by MagicBricks from multiple sources. MagicBricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information and does not acceptany liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions.

Q1 2020 Price changes for the city's major localities

LocalityAvg.Price

PriceChange

Palam

Najafgarh

Mahavir Enclave

Shahdara

Laxmi Nagar

Tilak Nagar

Krishna Nagar

Rohini Sector 22

Hari Nagar

Rohini Sector 23

Rohini Sector 25

Dwarka Sector 8

Dilshad Garden

Dwarka Sector 14

Dwarka Sector 13

-5.6%

1.2%

-2.9%

-3.1%

-0.5%

1.1%

3.1%

-1.0%

-1.1%

-0.4%

-1.4%

2.0%

1.2%

0.7%

-0.6%

-0.3%

0.7%

-0.8%

-2.4%

-2.9%

-0.7%

0.7%

2.9%

-7.5%

-2.7%

-7.0%

-2.0%

-0.5%

3.5%

1.0%

-3.7%

6.2%

-7.5%

7.5%

-2.9%

-1.4%

3.4%

-5.6%

5.5%

9,914

9,684

9,677

9,375

9,355

9,209

9,203

9,141

9,105

9,090

9,050

8,989

8,988

8,929

8,851

8,813

8,772

8,685

8,672

8,578

8,511

8,440

8,362

8,150

8,127

7,744

7,714

7,678

7,532

7,334

7,314

6,941

6,240

6,197

6,124

5,661

5,188

5,134

5,086

Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Ankur Upadhyay | Data Manager Suneet Saxena | Assistant Manager [email protected] [email protected] [email protected] [email protected]

Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

For more information and research related queries, please contact:

Dwarka Sector 8-0.5%

Dwarka Sector 22-1.4%

Rohini Sector 226.2%

Vasundhara Enc-0.7%

Chhattarpur-7.5%

Model Town0.7%

Sarita Vihar1.2%

Ashok Vihar-2.7%

Pitampura1.7%

Najafgarh-5.6%

Shahdara-1.4%

Vikaspuri3.1%

Burari-0.3%

© OpenStreetMap contributors

-7.5% 7.5%

-5% -2.5% 0% 2.5% 5%


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PropIndex | Magicbricks › microsite › buy › propindex... · 2020-04-01 · 1,600 residential units of DDA. - The upcoming Regional Rapid Transit System (RRTS) lines to Meerut,