PUNE - MagicBricksproperty.magicbricks.com/microsite/buy/propindex...Affordable locations in East Pune such as Wagholi and Dhanori, registered 34 and 23 per cent increase, respectively

PUNE

PropIndex has completed three years now. Over this period, we’ve accumulated a wealthof data/analytics on price/locality trends and market performance. As the Indianproperty buyer gets more focused on returns from investment, we hope the dataprovided here, helps you in making informed property decisions. Use d in tandem withthe host of advisory services available online at advice.magicbricks.com, the effort is tomake this a one-stop shop for all your property queries, requirements and information.

The year 2014 started with anticipation among real estate stakeholders concerning the16th general elections in the country. These Lok Sabha elections have kept the IndianReal Estate Market in the wait and watch mode. This is reflected in the NationalProperty Index with a mere 1 per cent change in the Jan-Mar 2014 quarter. City indexvalues too remained intact and ranged between minus 1 to plus 3 per cent.

The formation of new government is expected to infuse fresh life into the real estatemarket and improve home buyers sentiments. In the current quarter, property marketsremained sluggish. However, robust demand from end-users arrested any significantchange in property values. We have observed few finds from the current report:

Key Findings

lAcross the country, capital markets have remained passive while rental markets haveflourished.

lDemand patterns across cities remained more or less in line with the previous quarterwith the mid-budget range of Rs 30-50 lakh remained the most preferred category,especially in Bangalore and Pune. However high end properties remained more indemand in Gurgaon and Mumbai.

lPremium luxury properties remained oversupplied across cities despite a robustdemand of over 20%.

lMumbai topped the chart with maximum demand for properties worth Rs 1 crore andabove, followed by Delhi and Gurgaon.

lSlower demand for property forced sellers to negotiate between 5-15 per cent on theasking values.

In this issue we have incorporated Greater Noida as an independent city which hasrecorded growing demand for residential properties, offering huge options in theaffordable ranges.

Do write in at [email protected] and share your views on this report and howwe could make PropIndex even better.

FOREWORD

Sudhir PaiBusiness Head, Magicbricks.com

NATIONAL PROPERTY INDEX (NPI)

VOL 3, ISSUE 4; JAN-MAR, FY 2013-14 propindex.magicbricks.com

JAN-MAR 2014

With buyer sentiments down across the country and everyone awaitingthe general elections, the common consensus is against buying property.This has resulted in people opting for rental accommodation as opposed tobuying their own home. This is the prime reason that held the growth ofthe National Property Index (NPI). It rose by 1 per cent in the Jan-Mar 2014 quarter. NPI is a weighted average of supply and valuesacross 11 cities in India. During the Jan-Mar 2014 quarter the city indexvalue was found to be in the range of minus 1 to plus 3 per cent.

Pune recorded the highest rise of 3 per cent, in the City Index amongstall cities in the Jan-Mar 2014 quarter.The locality has performedconsistently quarter-on-quarter dueto enhanced demand. Almost alllocalities tracked recorded a rise incapital values which pushed up both,the City Index as well as the ListedPrice Monitor.

n Capital markets across citieswere stable while rentalmarkets were active withconsiderable demand and risein values

n The preferred localities indifferent cities remainedunchanged since the Oct-Dec 2013 quarter

n Consumer demand slowly andsteadily moved towards themid-segment category. Demandinched up in the luxurycategory which remainedoversupplied.

JAN-MAR 2014

TOP YIELD GROSSERS

Gross yield is a ratio of average annualrental value to the average capital value ofthe property in the current quarter. Belowis the top yield-grossing locality in the city.

Locality Gross yield

Pune, Kalyani Nagar 3.25%

CAPITAL GAINS

It indicates the locality recorded maximumincrease in the capital value in the currentquarter.

Locality % Change

Pune,Bibwewadi 6.99%

PROPINDEX - PUNEPune recorded a rise in the averagecapital values in more than 80 percent localities. This ensured the CityIndex as well as the Listed PriceMonitor to post a rise of 3 per cent inthe Jan-Mar 2014 quarter.

The rise in the City Index as comparedto a rise of 2 per cent in the previousquarter, indicates a positive sentiment.This has been observed across all themicro markets tracked in the saidperiod in the city.

Almost 81 per cent of the trackedlocalities recorded a rise in capitalvalues in the Jan-Mar 2014 quarter.Localities across the city witnessed arise of 1-7 per cent in capital values,with Bibwewadi registering the highestincrease in the city.

Affordable locations in East Pune suchas Wagholi and Dhanori, registered 34 and 23 per cent increase,respectively.

Premium localities such as SopanBaug and Aundh in West Punecontinued to witness over 35 per centincrease in average capital values inthe last two years.

The city witnessed the maximumnumber of ready-to-move-in multi-story apartments in the range ofRs 50-60 lakh in the 2BHK category.Over 85 per cent demand and supplyin the market was for multi-storeyapartments. The highest availabilitywas recorded in West Pune in Wakadfollowed by Pimple Saudagar. Bothdemand and supply recorded anominal drop in the current quarter.

There was almost equal demand (5-6%) for independent houses andresidential plots as well. As expected,Hinjewadi IT hub in West Pune offeredmaximum number of residential plotoptions in the city within the Rs 10 lakh range.

Micro-markets of Wakad, Kharadi,Pimple Saudagar, Baner andHinjewadi continued to hold the topfive positions as the preferred localitiesto buy property.

Almost 100 per cent of the localitiestracked, recorded a rise in rentalvalues during the first quarter of 2014.Localities, either in proximity to the IThubs or having easy access to them,witnessed maximum rise in rentalvalues in the current Jan-Mar 2014quarter.

Pune City Index rose by 3 per cent in the Jan-Mar 2014 quarteras compared to a rise of 2 per cent in the previous quarter,indicating a positive sentiment. Similarly, the Listed PriceMonitor also rose by 3 per cent. The NPI rose by 1 per cent in thecurrent quarter.

l Pune recorded a rise in theaverage capital values in morethan 80 per cent localities. Thishelped the City Index as well asthe Listed Price Monitor to posta small rise of 3 per cent

l Undri and Kondhwa in theSouth-East registered amaximum rise of over 15 per cent in the average capitalvalues over a one year period.This was the highest increaseacross the city

l Fully furnished apartments of4BHK and Above, in the budgetrange of Rs 3-5 crore areavailable in areas such asKalyani Nagar, Aundh,Koregaon Park and Baner

l Premium localities, Sopan Baugand Aundh in West Pune,witnessed over 35 per centincrease in average capitalvalues in the last two years

l Affordable locations in EastPune such as Wagholi andDhanori, registered 34 and 23 per cent, increase respectivelyin the average capital values

l Consistent demand for rentalproperties in and around the

commercial hubs of Baner Roadin West and Kharadi in the Eastled to a rise of 30-35 per cent inthe average rental values in thelast two years

l Magarpatta, Kalyani Nagar andViman Nagar topped the rentalreturns chart in the city withover 3 per cent gross rentalreturn on investment in the lastthree months

l The city offered maximumnumber of newly built ready-to-move-in multi-storeyapartments in the range of Rs 50-60 lakh in the 2BHKcategory. The highestavailability was recorded inWest Pune in Wakad followed byPimple Saudagar

l Hinjewadi IT hub in West Puneoffered maximum number ofresidential plot options in thecity within Rs 10 lakh in the Jan-Mar 2014 quarter

l Upcoming localities in NorthPune, Chikhali and Rahatniwitnessed maximum new supplyin multi-storey apartments,primarily in the 1 and 2BHKcategories

Key Takeaways

E d i t o r i a l

propindex.magicbricks.com VOL3, ISSUE 4; JAN-MAR, FY 2013-1402PUNE

l Of the tracked localities, 81 per cent recorded a risein capital values in the Jan-Mar 2014 quarter withthe Listed Priced Monitor increasing by 3 per cent

l Localities across the city noted a rise of 1-7 per centin capital values, with Bibwewadi registering thehighest increase

l Other localities that witnessed significant changesinclude Baner Road, Wanowrie, Kothrud,Magarpatta and Undri which registered a rise in therange of 4-5 per cent

l Capital values have been consistently rising inKothrud, Magarpatta and Undri recording a rise of12-17 per cent in the last one year

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

Viman Nagar 18.25 6,875 3.19%

Kalyani Nagar 22.00 8,125 3.25%

Baner Road 15.00 6,850 2.63%

Magarpatta 18.00 7,200 3.00%

Kharadi 13.50 5,825 2.78%

Wakad 12.75 5,775 2.65%

Aundh 17.75 8,300 2.57%

Pimple Saudagar 13.50 6,000 2.70%

Kothrud 16.50 9,100 2.18%

Wanowrie 14.75 6,600 2.68%

Y I E L D M E T E R

l Pune clocked the highest rental returns amongstdifferent cities. The yield meter ranged from 2.18-3.25 per cent during the Jan-Mar 2014 quarter

l A robust rental market with localities recording arise as high as 10 per cent in rental values haveensured a healthy yield meter

l Kalyani Nagar recorded the highest gross yield of3.25 per cent as compared to the 2.92 per centrecorded in the previous quarter. Viman Nagarwas a close second with 3.19 per cent, followed byMagarpatta with 3 per cent gross yield

l Kothrud recorded the lowest rental return, as wasnoted in the Oct-Dec 2013 quarter as well

RENT MON I TOR

l Almost 100 per cent of the localities tracked,recorded a rise in rental values during the firstquarter of 2014

l The rise in rental values in different localities rangefrom 2-10 per cent. Localities such as Kalyani Nagar,Bibwewadi and Hadapsar registered the highest riseof 10 per cent each in the current quarter

l Localities that are either in proximity to the IT hubsor have easy access to them have witnessed themaximum rise in rental values

l Prime localities such as Hinjewadi, Warje, PimpleSaudagar etc recorded stable rental values since theOct-Dec 2013 quarter

3%

propindex.magicbricks.comVOL3, ISSUE 4; JAN-MAR, FY 2013-1403 PUNE

Growth Number of Localities with Most ActiveCorridor Projects Maximum Property

Residential Projects Typology(Multi-storey)*

East 335 Wagholi, Kharadi, Dhanori and 92%Viman Nagar

West 101 Baner, Hinjewadi, Wakad and 89%Balewadi

South 62 Magarpatta, Koregaon Park and 91% NIBM Annexe

North 43 Dighi, Alandi and Talegaon 87%

RENT

Locality Rental RankValues Q4 Q3

Wakad 11500 to 15000 1 1

Magarpatta 16000 to 21000 2 2

Pimple Saudagar 12500 to 15500 3 4

Viman Nagar 16500 to 21500 4 3

Kharadi 12000 to 16000 5 5

aundh 16000 to 21000 6 7

Kothrud 15000 to 19500 7 6

Baner 13000 to 17000 8 8

Hinjewadi 11000 to 13500 9 -

Hadapsar 12000 to 16500 10 9

Note: Q4 Jan-Mar 2014, Q3 Oct-Dec 2013

Locality Capital RankValues Q4 Q3

Wakad 5450 to 6400 1 1

Kharadi 5450 to 6500 2 2

Pimple Saudagar 5700 to 6550 3 3

Baner 6250 to 7650 4 4

Hinjewadi 5050 to 6200 5 5

Magarpatta 6750 to 8000 6 8

Wagholi 3900 to 4750 7 10

Viman Nagar 6400 to 7700 8 6

Hadapsar 4450 to 5850 9 9

Kothrud 8300 to 10600 10 7

SALE

Note: Q4 Jan-Mar 2014, Q3 Oct-Dec 2013

PREFERRED LOCALITIES

l The top five positions in the list of preferredlocalities for sale remained unchanged from the Oct-Dec 2013 quarter

l Wakad, Kharadi, Pimple Saudagar, Baner andHinjewadi notched up the top five positions in thatorder in the current quarter

l The top three preferred localities have consistentlyrecorded a rise in capital values in the last twoyears. A rise of 33 per cent was noted in Wakad,Kharadi and Pimple Saudagar in the last two years

l Affordable capital values enhanced the popularity ofWagholi which moved up three positions from thetenth spot to settle at the seventh position

l Due to high demand, Wagholi also recorded one ofthe highest rise in capital values in the last twoyears (approximately 35%)

l Kothrud, on the other hand, dropped three positionsfrom the previous quarter. It was at number ten inthe Jan-Mar 2014 quarter

l Wakad remained at the top of the preference list forrental accommodation. This was noted in the lasttwo quarters as well

l Magarpatta was the second preferred location forrented home. Significant demand in the location ledto a rise of 6 per cent in the rental values of thelocality during the Jan-Mar 2014 quarter

l Pimple Saudagar improved its standing in the list ofpreferred locations for rent by moving to the thirdspot as compared to the fourth position it occupiedin the previous quarter

l Viman Nagar, Hadapsar and Kothrud dropped aposition each on the list in the current quarter

l Aundh climbed up one position from the previousquarter to settle at number six position

l Hinjewadi was a new entrant in the Jan-Mar 2014quarter. While rental values have been rising acrossthe city, values in Hinjewadi have remained stable inthe last six months

Above 40% 30-40% 10-20% 5-10% Less than 5% *Percentage of total supply


Amidst a negative economic environment, Pune real estate market has shownpositive growth when compared to other markets in India. It has recorded apersistent demand from both, home buyers and investors. This was reflected inthe capital appreciation, a key indicator of returns in the property domain.

Pune appreciation potential better than national averagePune has been bucking the slowdown blues and has maintained a uniform appreciationacross the micro markets of the city, something that defines how resilient Pune’sproperty market is. The future appreciation potential of Pune is also estimated to beamong the best, compared to other cities on a pan-India basis. While there has been adecent capital appreciation in Pune in the last couple of years, even the rental yieldshave been witness to a healthy growth.

n Times Property, The Times of India, Pune

East Pune has maximum supply of new projects If you are looking to buy a residential property in Pune, the eastern part of the cityoffers a plethora of options. Localities in Pune such as Wagholi, Kharadi, Dhanori andViman Nagar have the highest supply of new residential projects. Catering to allsegments of the society, these projects are offering 1, 2, 3, 4 and 5 BHK units within awide budget range of Rs 20 lakh–Rs 2 crore.

n Magicbricks.com Bureau

R E A L T Y N E W S

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

In the early part of 2014, sentimentsremained cautious. Certain suburban pocketsof Pune are witnessing infrastructureenhancement and displaying price rise. Thecity showed a healthy demand for mid-pricedproperties. The momentum would remainpositive, if we get the investment story right,lower the fiscal deficit and have progressivemonetary policies by the RBI, nothing canstop us from the growth track post elections.

Ashok MohananiCMDEKTA World

E X P E R T S P E A KDeveloper

Pune witnessed new supply of 0.18 millionunits over the last five years, of whichapproximately 40,000 units are currently lyingunsold. The average property priceswitnessed an increase of 15 per cent in thelast 18 months. The sales growth has beenbetter than witnessed in the other cities asproperty prices are comparatively lower anddriven by the IT/ITeS and the Manufacturingsectors in the city.

Karun VarmaManaging Director -New Businesses(Residential)DTZ India

Consultant

Sam ChopraChairman, RE/MAX India

Q&A

How will the elections impact andchange the dynamics of the city?

A lot of investors are waiting for a stablegovernment before investing in real estate.Their past experience shows that due to astable state government the real estateprices have resulted in better returns. Theparty which comes to power will decidewhich properties will increase. For eg,BJP won’t allow FDI in retail so the pricesof retail will fall.

Which localities are you active in?

All of Pune.

Which of these localities see maximumpossessions this year?

All of Pune.

Who is delivering?

What is the buyers profile?

Are you getting enquiries from buyers?

How many are getting converted toactual transactions?

Very few (1 out of 10).

Which BHK segment is popular?

Which budget category is popular?

What type of property is in demand?

Any infrastructure project expected toimpact the real estate market in 2014?

Established New developers If bothdevelopers

Active agegroup 35 -40 yrs

ActiveProfession: IT

No queriesNot veryfrequent

< Rs 25 lakh

Rs 25-50 lakh

Rs 75-1crore

Above1 crore

Rs 50-75 lakh

Builder floor units VillasPlotsApartment

Metro Civicamenities

Socialinfrastructure

Roads/flyover

NRI/locals:NRI

Regular

1 BHK 2 BHK 3 BHK 4 BHK &above


Budget wise Analysis

l The city recorded highest demandof 31 per cent for the Rs 20-40 lakhbudget category. Demand for thesame led its supply by 11 per cent.The category was most demandedand supplied in North Pune

l While demand for the Rs 40-60 lakhcategory was 27 per cent, itsdemand was 22 per cent. The Rs 60-100 lakh category alsorecorded considerable demand of23 per cent and supply of 33 percent in the current quarter

DEMAND - S UPP LY ANALYS I SWhile demand in the city was concentrated in the Rs 20-60 lakh category, supply was moreinclined towards the Rs 60-100 lakh and Above bracket. Demand and supply statistics for allbudget categories were almost aligned with each other except the in the Rs 1 crore and Abovecategory. An oversupply of 11 per cent was noted in this category.

Apartments were the most popular property type in the city with more than 85 per cent demand. Itwas also the most supplied, with 87 per cent availability. Demand and supply remained low for allother categories. The category for 2 BHK units was the demanded as well as supplied categorywith almost 50 per cent demand and supply.

Property wise Analysis

l Pune recorded over 85 per centdemand and supply for multi-storey apartments. Bothdemand and supply recorded aninsignificant drop in the Jan-Mar 2014 quarter

l Almost equal demand (5-6%) wasfor independent houses and plots.Supply for both was 4 per cent.North Pune recorded maximumdemand for independent houses,while East Pune recordedmaximum demand for plots

BHK wise Analysis - City Level

l Small sized homes of 1 and 2BHKconfigurations recorded aconsolidated demand of close to 80 per cent. While supply of 2BHKunits was synonymous to itsdemand at 49 per cent, that of1BHK units fell short by 14 per centin the current quarter

l There was a 17 per cent demandand 27 per cent supply for the3BHK category. Similarly, units of4BHK and Above recorded supplyexceeding demand by 5 per cent

40

30

20

10

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

above

6

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

8

30 3129

27

24 23

11 11

(Oct-Dec 2013)

(Jan-Mar 2014)

Budget wise Analysis - City Level

DEMAND

40

30

20

10

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

above

6

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

4

21 2023 22

3033

20 21

(Oct-Dec 2013)

(Jan-Mar 2014)

SUPPLY

Property wise Analysis - City Level

100

80

60

40

20

0

88 86

1 1 2 5 7 6

(Oct-Dec 2013)

(Jan-Mar 2014)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residential Villaapartment floor house plot

DEMAND

2 2

100

80

60

40

20

0

88 87

3 2 2 4 4 4

(Oct-Dec 2013)

(Jan-Mar 2014)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residential Villaapartment floor house plot

SUPPLY

3 3

BHK Configuration - City Level

60

50

40

30

20

10

0

2931

51 50

18 17

2 2

(Oct-Dec 2013)

(Jan-Mar 2014)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above

DEMAND SUPPLY

60

50

40

30

20

10

0

17 17

48 49

2727

8 7

(Oct-Dec 2013)

(Jan-Mar 2014)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above


In South Pune, demand was uniformly distributed in the budget ranges of Rs 20-40 lakh,Rs 40-60 lakh and Rs 60-100 lakh. However, supply was more inclined towards propertiesworth Rs 60-100 lakh and Above (over 60%). An oversupply of 13 per cent was noted forproperties priced above Rs 1 crore.

Multi-storey apartments were the most supplied. Demand and supply for all othercategories remained subdued. Over 50 per cent demand in the South was for 2BHK unitswith supply falling short by 7 per cent. Supply for 1 BHK units fell short by 10 per cent.

BHK wise Analysis


Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1 crore and above

DEMAND SUPPLY

DEMAND SUPPLY

Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Rs 60-100 lakh category was preferred in South Pune and recorded 30 per cent demand. Its supply was almost corresponding at 33 per cent in the Jan-Mar 2014 quarter

l The categories of Rs 20-40 lakh and Rs 40-60 lakh recorded an almostequal demand in the zone. While demand for the Rs 20-40 lakhcategory was 26 per cent, its supply was only 13 per cent, registeringa mismatch. Demand and supply for the Rs 40-60 lakh category wassynonymous at 23-24 per cent

l Demand and supply mismatch was also visible in the Rs 1 crore andAbove category. While its demand was 15 per cent in the currentquarter, its supply was 28 per cent

DEMAND & SUPPLY - South Pune


l While multi-storey apartments were preferred in South Pune, itsdemand dropped from 90 per cent in the Oct-Dec 2013 quarter to 86 per cent in the Jan-Mar 2014 quarter. Supply led demand by 3 per cent at 89 per cent

l There was a nominal increase of 2 per cent in the demand forindependent houses, at 5 per cent with its supply at 3 per cent in thecurrent quarter. Demand and supply for residential plots was alsorecorded between 4-5 per cent

l Villas and single floor units recorded only 2 per cent demand andsupply in the zone. Maximum villas and plots were supplied inMagarpatta, NIBM Road and Shirwal

BHK wise Analysis

l As seen in the previous quarter, 2BHK units were popular in SouthPune. The category recorded close to 50 per cent demand and 44 per cent supply

l Smaller 1BHK units recorded a considerable demand of 26 per cent.Its supply was 18 per cent falling short of demand by 8 per cent

l Similar mismatch in demand and supply was also visible in the3BHK category. There was 19 per cent demand but supply was at 29 per cent. The supply for 4BHK and Above category exceededdemand by 5 per cent. Maximum supply for the 4BHK and Abovecategory was observed in Magarpatta, NIBM Annexe and ShastriNagar in the current quarter

Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)

Multistorey apartment

Single floor

Residential house

Residential plot

Villa

Q3 Q4

2625

30

24

15

29

25

15

Q3 Q4

13

16

33

23

28

22

31

23

Q3 Q4

8690

Q3 Q4

8988

Q3 Q4

50 51

2626

1920

Q3 Q4

44 44

1818

2929

99

6 8

5 55


In North Pune, highest demand was noted in the budget range of Rs 20-40 lakh. Supply fellshort by 10 per cent in this category. Supply almost matched demand in the Rs 40-60 lakhcategory. Almost similar buyer interest was noted for properties in the Upto Rs 20 lakhand Rs 60-100 lakh categories. An oversupply of 5 per cent was noted for high-endproperties priced Rs 1 crore and Above.

More than 40 per cent demand was observed for both 1 and 2BHK units. While demand for1BHK category inched up by 2 per cent, it dropped by 3 per cent for 2BHK units.

BHK wise Analysis


Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY

DEMAND SUPPLY

Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l North Pune recorded the highest demand and supply for the Rs 20-40 lakh category. There was 45 per cent demand and 36 per centsupply for the same with demand leading supply by 9 per cent

l The Rs 40-60 lakh category was the next preferred segment in theNorth zone. It recorded 25 per cent demand with a correspondingsupply at 27 per cent

l There was an almost equal demand of 13-14 per cent for thecategories of Upto Rs 20 lakh and Rs 60-100 lakh. While demand forthe Upto Rs 20 lakh category exceeded its supply by 4 per cent,supply of the Rs 60-100 lakh category exceeded its demand by 6 per cent in the Jan-Mar 2014 quarter

DEMAND & SUPPLY - North Pune


l Multi-storey apartments recorded close to 80 per cent demand.Supply for the same was 76 per cent in the current quarter. Bothdemand and supply recorded a drop of 4 per cent

l Demand and supply of multi-storey apartments was replaced byindependent houses which recorded a 3 per cent increase in demandand 8 per cent increase in supply. The independent house categoryregistered a 9 per cent demand and a 12 per cent supply. Maximumsupply was in Chinchwad, Punawale, Talegaon and Tathwade

l Demand (8%) for residential plots was met by 5 per cent supply withthe concentration of the same in Talegaon, Chandkhed and Gahunje

BHK wise Analysis

l The 2BHK category continued to be the demanded and supplied inNorth Pune. This category recorded a 4 per cent drop. There was 48 per cent demand and 51 per cent supply for the same

l Demand and supply for the 1BHK category was considerably high incomparison to the larger 3BHK and Above units. There was 41 per cent demand and 25 per cent supply for the same. Demand ledsupply by 16 per cent

l The 3BHK and 4BHK and Above categories, witnessed aconsolidated demand of 10 per cent. Together the two categoriesregistered 23 per cent supply, leading demand by 13 per cent in thecurrent quarter

Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)


Single floor

Residential house

Residential plot

Villa

Q3 Q4

46 45

25

1413

26

1312

Q3 Q4

35 36

27

1013

26

1918

88

80

98

84

68

Q3 Q4

76

12

80

Q3 Q4

Q3 Q4

4852

41

99

39

Q3 Q4

5151

25

1819

25

7


Demand in the western parts of the city was more or less uniformly distributed amongstthe budget ranges of Rs 20-40 lakh, Rs 40-60 lakh and Rs 60-100 lakh. However, supply waslargely concentrated in the Rs 60-100 lakh range. Almost equal supply was witnessed forthe high-end properties worth above Rs 1 crore and for Rs 40-60 lakh categories.

More than 85 per cent demand and supply was noted for multi-storey apartments. Highestdemand and supply was observed for 2BHK units. Supply for the same fell short by 2 per cent as compared to demand. An oversupply of 12 per cent was noted for 3BHK units.

BHK wise Analysis


Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY

DEMAND SUPPLY

Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l West Pune recorded maximum demand of 32 per cent for the Rs 40-60 lakh category. Its supply was 21 per cent, falling short ofdemand by 11 per cent

l The categories of Rs 20-40 lakh and Rs 60-100 lakh recorded almostequal demand of 26-27 per cent. Both the categories recorded asignificant mismatch in demand and supply. While demand for theRs 20-40 lakh category led its supply by 14 per cent, supply of the Rs 60-100 lakh category exceeded demand by 14 per cent

l The disparity was also evident in the Rs 1 crore and Above categorywhere demand was 11 per cent and supply was 22 per cent

DEMAND & SUPPLY - West Pune


l Multi-storey apartments recorded close to 90 per cent demand.Supply for the same was 86 per cent in the current quarter. Bothdemand and supply recorded a drop of 2 per cent each

l Residential plots recorded 6 per cent demand and 5 per cent supply.While supply remained constant, demand recorded a marginal risein the current quarter. Maximum supply of residential plots waswitnessed in Hinjewadi, Baner, Pirangut, Satara Road and Ravet

l The consolidated demand and supply for independent houses andvillas was almost synonymous. There was 6 per cent demand and 7 per cent supply for the two categories. Single floor units recordednegligible demand and supply

BHK wise Analysis

l The 2BHK category recorded maximum demand of 52 per cent. Itssupply was 49 per cent. While demand for the category recorded aninsignificant drop, supply increased by 2 per cent in the currentquarter

l Demand for 1BHK units recorded a nominal increase of 2 per cent inthe present quarter and stood at 31 per cent. Demand led supply by15 per cent

l Larger units of 3 and 4BHK and Above category recorded aconsolidated demand of 20 per cent and supply of 37 per cent. Whilesupply for the 3BHK units exceeded its demand by 12 per cent,supply of the 4BHK and Above units exceeded by 5 per cent

Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)


Single floor

Residential house

Residential plot

Villa

Q3 Q4

24 26

32

2728

33

11 11

Q3 Q4

13 12

21

4140

23

21 22

87

6

89

5

Q3 Q4

8688

Q3 Q4

Q3 Q4

5253

28

1819

26

Q3 Q4

4947

14

3031

14

8 7


Supply was uniformly distributed in all budget categories except in the Upto Rs 20 lakhcategory which recorded demand of only 5 per cent. However, demand in the zone wasmore inclined towards Rs 20-40 lakh range, with 35 per cent buyer interest. An oversupplyof 8 per cent was noted for high-end properties worth Rs 1 crore and Above.

Almost 50 per cent demand and supply was witnessed for 2BHK units. Supply for 1BHKunits fell short by 13 per cent. An oversupply of 8 per cent was noted for 3BHK units. Thecategory of 4BHK and Above units was also oversupplied by 2 per cent.

BHK wise Analysis


Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY

DEMAND SUPPLY

Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l The Rs 20-40 lakh category recorded highest demand of 35 per centin East Pune. There was 27 per cent supply for the same

l The categories of Rs 40-60 lakh and Rs 60-100 lakh registered almostequal demand of 20-23 per cent. While supply for the Rs 40-60 lakhcategory was almost corresponding to its demand at 22 per cent,supply for the Rs 60-100 lakh category exceeded its demand by 7 per cent in the current quarter

l The Upto Rs 20 lakh category recorded a 3 per cent increase in itsdemand, while its supply remained constant in the current, Jan-Mar 2014 quarter. Supply of the Rs 2 crore and Above categoryexceeded its demand by 8 per cent

DEMAND & SUPPLY - East Pune


l Multi-storey apartments recorded maximum demand of 85 per centand supply of 89 per cent in East Pune. While demand was 2 per centlower than the previous quarter, supply recorded an insignificantrise in this quarter

l Demand for residential plots was the second highest in this zone.The category recorded 7 per cent demand which led supply by 3 per cent. Maximum plotted developments could be found inHadapsar, Undri, Lohegaon and Wagholi

l Demand and supply for independent houses recorded a nominalincrease of 1-2 per cent. Despite that, the category recorded demandof 5 per cent and supply of 3 per cent in the current quarter

BHK wise Analysis

l The zone recorded a sudden increase in supply of 1BHK units. Ascompared to 19 per cent supply in the previous quarter, the categoryregistered 50 per cent supply in the Jan-Mar 2014 quarter. There wasa 33 per cent demand for the same

l The 2BHK category continued to register 50 per cent demand andsupply. Larger homes of 3BHK and 4BHK and Above units recordeda consolidated 18 per cent demand and 30 per cent supply

l The supply for the 3BHK category exceeded its demand by 8 per cent, whereas demand for the 4BHK and Above categoryexceeded its supply by 4 per cent. Kalyani Nagar, Koregaon Park andKharadi recorded maximum supply for the two categories

Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)


Single floor

Residential house

Residential plot

Villa

Q3 Q4

3536

20

23

118

25

20

1111

Q3 Q4

2728

27

2224

24

1919

85

7

87

7

Q3 Q4

8988

Q3 Q4

Q3 Q4

4951

16

3330

17

Q3 Q4

5050

24

2019

247 6


The highest demand and supply was recorded for luxury properties worth above Rs 1 crore. Supply in the category increased by more than 15 per cent in the last threemonths. Even though it was the most demanded category, an oversupply of almost 4 per cent was recorded. All other budget ranges were undersupplied.

Almost 75 per cent demand was concentrated for smaller units (1 and 2BHK). Apartmentsof 2BHK were popular with 40 per cent demand. Both demand and supply for 3BHK unitsdropped marginally. A significant oversupply of 26 per cent was noted for larger homes.

BHK wise Analysis


Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY

DEMAND SUPPLY

Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l Central Pune recorded maximum demand (32%) and supply (71%)for the Rs 1 crore and Above category. While demand for the samedropped by 5 per cent, supply registered an increase of 6 per cent.Supply led demand by 39 per cent in the Jan-Mar 2014 quarter

l All other budget categories in Central Pune recorded insufficientsupply. While demand for the Rs 60-100 lakh category exceeded itssupply by 11 per cent, demand for the Rs 40-60 lakh categoryexceeded its supply by 9 per cent

l The category of Rs 20-40 lakh recorded considerable demand of 21 per cent. This category too, witnessed demand leading its supplyby 15 per cent

DEMAND & SUPPLY - Central Pune


l Though multi-storey apartments were the preferred property typein Central Pune, its demand dipped by 6 per cent in the presentquarter. The category recorded 87 per cent demand withcorresponding supply at 88 per cent

l While demand for independent houses increased by 3 per cent in theJan-Mar 2014 quarter, its supply recorded an insignificant drop.There was 6 per cent demand for the same. Supply followed closelyat 4 per cent

l The single floor units recorded a demand of 3 per cent and supply at5 per cent in Central Pune. Maximum supply for this category wasobserved in Shivaji Nagar, Bhawani Peth and Prabhath Road

BHK wise Analysis

l The 2BHK category recorded 40 per cent demand and 29 per centsupply, which was restricted to Shivaji Nagar, SP Road, PrabhatRoad and Model Colony. Supply fell short of demand by 11 per cent

l Demand for 1BHK units, at 35 per cent, increased by 6 per cent in thepresent quarter leading supply by 19 per cent

l There was considerable demand of 21 per cent for the 3BHKcategory as well. Supply closely met demand and stood at 25 per cent. Supply of 4BHK and Above units led demand by 26 percent. While demand for the same was only 4 per cent, its supply was30 per cent registering a significant mismatch

Q3 (Oct-Dec 2013)

Q4 (Jan-Mar 2014)


Single floor

Residential house

Residential plot

Villa

Q3 Q4

20 21

17

2522

17

37 32

Q3 Q4

96

8

1412

11

65 71

87

693

Q3 Q4

8886

Q3 Q4

Q3 Q4

4041

35

2125

29

Q3 Q4

2931

16

2526

18

25 30

7


CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Akurdi 5000 to 5800

Alandi 3350 to 4100

Ambe Gaon 4700 to 5750

Aundh 7600 to 9550

BT Kawade Road 5700 to 7000

Balewadi 5900 to 7000

Baner 6250 to 7650

Baner Balewadi Rd 6050 to 7250

Baner Pashan Link Rd 6600 to 7750

Baner road 6300 to 7850

Bavdhan 6100 to 7300

Bhosale Nagar 13600 to 17600

Bhugaon 5200 to 6100

Bibwewadi 6650 to 8400

Boat Club Road 13450 to 17600

Chakan 2950 to 3450

Chinchwad 5150 to 6200

Dange Chowk 5500 to 6250

Dhanori 4350 to 5350

Dhayari Rd 4650 to 5650

Dighi 3900 to 4450

Hadapsar 4450 to 5850

Handewadi 4000 to 4850

Handewadi Road 4150 to 5200

Hinjewadi 5050 to 6200

Kalyani Nagar 7400 to 9400

Kalyaninagar 7900 to 10300

Karve Nagar 8150 to 10050

Katraj 4500 to 5850

Keshavnagar 4700 to 5450

Kharadi 5450 to 6500

Kondhwa 4600 to 5700

Koregaon Park 8800 to 11450

Kothrud 8300 to 10600

Lohegaon 3900 to 4650

Magarpatta 6750 to 8000

Manjri 4150 to 5100

Market Yard 6450 to 8850

Model Colony 13050 to 16250

Mohamadwadi 4550 to 5400

Moshi 3700 to 4400

Mundhwa 4650 to 5700

Narhe 4250 to 5250

NIBM Annexe 4850 to 5950

NIBM Rd 5350 to 6450

Pashan 5950 to 7250

Pashan-Sus Road 6000 to 7100

Pimple Gurav 5450 to 6650

Pimple Nilakh 5900 to 7050

Pimple Saudagar 5700 to 6550

Prabhat Rd 14700 to 18150

Rahatni 5050 to 5950

Ravet 4700 to 5650

Salunke Vihar 5350 to 6650

Shastri Nagar 7750 to 9450

Sinhgad Road 5350 to 6900

Sopan Baug 8650 to 11250

Talegaon 3050 to 3850

Talegaon Dabhade 3300 to 3950

Thergaon 5000 to 5900

Tingre Nagar 4350 to 5550

Undri 4300 to 5400

Viman Nagar 6400 to 7700

Vishrantwadi 5000 to 6300

Wadgaon Sheri 5200 to 6850

Wagholi 3900 to 4750

Wakad 5450 to 6400

Wanowrie 6000 to 7650

Warje 5900 to 7150

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

PUNE

PUNE 14VOL3, ISSUE 4; JAN-MAR, FY 2013-14propindex.magicbricks.com

VOL3, ISSUE 4; JAN-MAR, FY 2013-14 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

PUNE - MagicBricksproperty.magicbricks.com/microsite/buy/propindex...Affordable locations in East Pune such as Wagholi and Dhanori, registered 34 and 23 per cent increase, respectively