PropIndex | Magicbricks

Residential Market Insights

Healthy growth in the residential market with stable demand and supply balance

Bengaluru's residential prices witnessed a YoY increase of 2.9%, fuelled by development in infrastructure and theexistence of numerous IT / ITeS establishments. In addition, robust connectivity via Outer Ring Road (ORR) andupcoming metro lines, have propelled the growth of real estate in multiple areas of the city.

While Bengaluru has traditionally grown on the back of strong commercial development, the city is expected to grow,with government's attempt to promote industrial ventures in the outskirts, by making amendments in Article 109 ofthe Land Reform Act, 1961. Additionally, reduction of stamp duty from 5% to 2% for new homes costing less than INR20 lacs is expected to have a positive impact on demand in the city's outskirts.

5 YearChange YoY QoQ

0.8%2.9%19.5%

5 YearChange YoY QoQ

1.8%7.1%33.1%

"Theunder-constructionsegment has risensteadily over the last5 years, with 1.8%growth in Q1 2020"

BengaluruJan-Mar 2020

Parameters India Bengaluru

Demand+ +5.3% +4.7%Supply++ -0.8% +0.2% Price Index+++ +0.1% +0.8%

"The ready to move inproperty prices in

Bengaluru observed adecent 2.9% increase

YoY"

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

Prestige Estates

SOBHA

Brigade Enterprises

Mahaveer Group

Puravankara

Salarpuria Sattva Group

Godrej Properties

Assetz Property Group

DS-MAX Properties

Shriram Properties

Lakeside Habitat Whitefield

Prestige Tranquility Budigere

Ittina Neela Electronic City

Sobha Dream Acres Panathur

Prestige Kew Gardens Yemalur

Prestige ShantiniketanWhitefield

SNN Raj Etternia Haralur Road

Brigade Lakefront Whitefield

Song Of South Begur Road

Sri Nandana Royal Electronic City

Average changes in prices for localities in various price segments

Market Dynamics

Ready to Move Price Index

Under Construction Price Index

- Residential market is expected to seegrowth, with robust commercial realestate growth in the city

- The construction of Phase II and PhaseIII metro stations has increased thedevelopment of plots in the peripherallocalities of Bengaluru

- Upcoming Peripheral Ring Roadconnecting Tumkur Road and HosurRoad through KempegowdaInternational Airport and Old MadrasRoad to support residentialdevelopment in the surroundinglocalities

"Theunder-constructionsegment surprisinglywitnessed more

increase in prices foralmost all brackets, incomparison to ready tomove properties,showing trust onbuilders"

Key Trends to Watch Out

2014

2015

2016

2017

2018

2019

2020

2,000

4,000

6,000

8,000

10,000

Avg. Price psf

2014

2015

2016

2017

2018

2019

2020

2,000

4,000

6,000

8,000

10,000

Price Bracket (INR per sqft)

< 5,000 5,000-6,000 6,000-7,000 > 7,000

RM UC RM UC RM UC RM UC

1.2%

1.4%

1.8%

0.6%

2.4%

0.3%

1.9%

1.4%

Key Projects based on consumersearches

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

Source: Magicbricks Research

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

Source: Magicbricks Research

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.

Source: Magicbricks Research

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

Source: Magicbricks Research

Page 1© magicbricks.com

Key Developers based on activelistings

1 BHK5%

3 BHK41%

Above 3 BHK5%

2 BHK49%

DEMAND

Demand Supply Analysis Bengaluru | Jan-Mar 2020

Affordable searches surge ahead with the right environment

2BHK & 3BHK constitute 90% of demand in residential marketDemand concentrated nearemployment opportunities

As an end-user driven market, Bengaluru'sresidential segment has continued to beat theoverall market trends, witnessing steadydemand and price increase. Magicbricksresearch dissects the consumer trends alongseveral dimensions such as typology,configuration, and price.

"No significant disparities in thedemand and supply good for theresidential sector of the city"

- In both the UC and RM property categories,positive demand patterns were observed with1.8% and 0.8% increase in prices, respectively.The city reported a noticeable increase indemand for the luxury budget segment by 1.9%during the first quarter of 2020. Nevertheless,most demand lies in the segment of the propertywith INR < 5,000 per sqft.

- Owing to the employment opportunities,affordability, and airport connectivity,Whitefield, Sarjapur Road, Bellary Road, andElectronic City continue to be the top 4micro-markets in the city

- Posh localities such as Indira Nagar andMalleshwaram experienced a dip in consumerpreferences that fall in the segment of > INR7,000 per sqft.

Top Micromarkets by consumersearches

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

1 BHK3%

2 BHK45%

3 BHK46%

Above 3 BHK6%

SUPPLY

6,000-7,00019%

5,000-6,00024%

> 7,00025% < 5,000

33%

SUPPLY Price buckets in INR per sqft

Top Micromarkets by active listings

6,000-7,00015%

5,000-6,00021%

> 7,00025%

< 5,00040%

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

Source: Magicbricks Research

.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

Source: Magicbricks Research

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.

Source: Magicbricks Research

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.

Source: Magicbricks Research

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.

Source: Magicbricks Research

Doddaballapur Road

Doddakannelli

Bannerghatta

Tumkur Road

Chandapura

Vijayanagar

AnjanaPura

Panathur

Sarjapur

JalahalliHoskote

Domlur

Gunjur

© OpenStreetMap contributors

Demand/SupplyDemand

Whitefield 3650 - 8950

Sarjapur Road 3850 - 9500

Bellary Road 3950 - 9800

Electronic City 3000 - 6300

Kanakapura Road 3550 - 9350

Bannerghatta Rd 3500 - 8700

JP Nagar 4200 - 11550

11

22

33

44

55

66

87

Whitefield 3650 - 8950

Sarjapur Road 3850 - 9500

Bellary Road 3950 - 9800

Electronic City 3000 - 6300

Kanakapura Road 3550 - 9350

Bannerghatta Rd 3500 - 8700

Thanisandra 4350 - 7450

11

22

33

54

45

66

77

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

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

Page 2© magicbricks.com

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

PriceChange

Attibele

Chandapura

Sarjapur-Attibele Rd

Kengeri

Kaggadasapura

Singasandra

Gunjur

K R Puram

Uttarahalli

Mysore Road

Uttarahalli Main Rd

Hosur Road

Electronic City

Kadugodi -1.3%

3.4%

2.4%

1.1%

2.0%

0.2%

0.0%

-1.3%

3.4%

3.3%

2.5%

-3.2%

1.3%

-0.3%

4,981

4,915

4,876

4,831

4,811

4,789

4,747

4,568

4,546

4,465

4,393

4,001

3,750

3,275

< INR 5,000 psf INR 5,000-6,000 psf INR 6,000-7,000 psf > INR 7,000 psf

Price Analysis Bengaluru | Jan-Mar 2020

- Most of the localities in the west and south-west direction of the city are driven by IT-ITeS development, and marked a surge in property prices

- Most of the localities with more than 2% QoQ price increase were located alongside the Nice Ring Road, underlining connectivity as a critical factor drivingend-user demand in the city

Source: Magicbricks Research

LocalityAvg.Price

PriceChange

Rachenahalli

Kundalahalli

Thanisandra

Whitefield

JP Nagar

Doddakannelli

Ramamurthy Nagar

Sahakara Nagar

Kudlu

Manyata Tech Park

Vijayanagar

Brooke Field

HSR Layout

Thambuchetty Palya

JP Nagar Phase 7

Marathahalli

1.5%

-2.5%

1.6%

2.2%

2.7%

-2.7%

-5.7%

-3.5%

3.2%

0.3%

-4.8%

1.2%

0.2%

5.6%

7.5%

-1.4%

-2.5%

0.9%

-5.1%

7.5%

-1.4%

0.9%

2.6%

3.1%

3.4%

6,976

6,768

6,726

6,711

6,531

6,525

6,510

6,497

6,441

6,424

6,362

6,315

6,290

6,287

6,232

6,198

6,184

6,159

6,122

6,085

6,067

6,061

6,049

6,032

6,010

LocalityAvg.Price

PriceChange

Bellandur

C V Raman Nagar

Hoodi Circle

Outer Ring Road

Konanakunte

Yeshwantpur

Hebbal

Yemalur

Old Airport Road

Benson Town

Binnypete

Magadi Road

Frazer Town

Basavanagudi

Indira Nagar

Koramangala

6.3%

7.5%

0.3%

-7.4%

-2.5%

-3.3%

6.3%

3.5%

7.5%

3.4%

-7.5%

-0.1%

7.5%

1.0%

-7.5%

1.8%

-1.2%

7.5%

-4.1%

7.1%

15,008

13,675

11,345

11,323

11,006

10,452

10,405

9,797

9,736

9,500

9,254

8,460

8,416

8,026

7,940

7,807

7,631

7,223

7,032

7,029

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

Old Madras Road

Vidyaranyapura

Nagarbhavi

Bommanahalli

Gubbalala

Hosa Road

Hoodi

Subramanyapura

Bilekahalli

Devanahalli

Begur Road

Yelahanka

Budigere

Horamavu

JP Nagar Phase 8

2.8%

-7.5%

2.9%

0.2%

0.1%

3.7%

0.7%

-2.4%

1.0%

0.0%

3.4%

-2.8%

7.5%

-4.7%

1.6%

2.4%

3.3%

5.8%

-7.5%

-4.4%

7.5%

7.5%

0.3%

1.8%

-1.8%

-0.5%

-0.4%

-3.4%

0.9%

2.0%

3.4%

-0.1%

0.8%

3.6%

0.8%

1.1%

2.1%

-7.5%

3.5%

-2.7%

-2.5%

-0.9%

-7.5%

2.6%

5,997

5,988

5,983

5,972

5,943

5,907

5,839

5,812

5,803

5,734

5,708

5,679

5,670

5,648

5,581

5,580

5,579

5,570

5,514

5,502

5,498

5,478

5,471

5,462

5,452

5,431

5,407

5,390

5,378

5,368

5,351

5,340

5,298

5,292

5,269

5,205

5,169

5,160

5,146

5,146

5,111

5,065

5,051

5,033

Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Ankur Upadhyay | Data Manager Rikitha Murthy | Sr. Research Analystsurabhi.arora@magicbricks.com devendra.lohmor@magicbricks.com ankur.upadhyay@magicbricks.com rikitha.murthy@magicbricks.com

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

For more information and research related queries, please contact:

Sarjapur Road

Bannerghatta

Tumkur Road

Chandapura

Gottigere

Budigere

Sarjapur

Attibele

Kengeri

Kogilu

© OpenStreetMap contributors

-7.5% 7.5%

Min. %ge change mod

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

Page 3© magicbricks.com