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Accelerating success.

Residential PropertyMarket OverviewINDIA

QUARTERLY UPDATE | FEBRUARY | 2012

8/13/2019 4Q_2011_resed

2/12www.colliers.com

* SBI Home Loan Rate for Loan upto INR 50 Lakhs.** For amount below INR 1 Crore

ECONOMIC BAROMETER

RETURN ON ALTERNATIVE INVESTMENTS

Dec-10 Dec-11

REPO RATE 6.25% 8.50%

REVERSE REPO RATE 5.25% 7.50%

CRR 6.00% 6.00%

INFLATION 9.47% 7.47%

HOME LOAN RATE* 8.00% 11.00%

Dec-10 Dec-11 YoY %

Change

GOLD 20,496 28,041 36.81%

SILVER 45,346 51,168 12.84%

FIXED DEPOSIT

(= 1 YEAR)** 8.50% 9.25% 8.82%

EQUITY 20,389 15,836 -22.33%

REALTY INDEX 2,856 1,497 -47.57%

RESEARCH & FORECAST REPORTSYDNEY CENTRAL BUSINESS DISTRICT

INDIA RESIDENTIAL MARKETRESEARCH REPORT

4Q 2011 | THE KNOWLEDGE

Repo Rate Reverse Repo Rate Cash Reserve Ratio Wholesale Price Index

ECONOMIC INDICATORS

InPercentage

MACRO ECONOMIC OVERVIEW

As per the latest Reserve Bank of India (RBI) projections GDP growth rate was recorded at 6.9%

for 4Q 2011. The estimates by various agencies project the growth rate within a range of 7% to

8% for 2011-2012, suggesting a moderation in the growth process.

Provisional Wholesale Price Index as reported by Ministry of Finance was 7.47% for December

2011. This quarter there was a slight decline in primary inflation due to the decrease food

inflation which stood at -3.36%.

In 4Q 2011, RBI did not increase repo rates. It further stated that there will not likely be any

further increase to the policy rates, provided headline inflation moderates as is expected. The

repo rate is currently at 8.5%.

The Department of Industrial Policy and Promotion (DIPP) recorded FDI inflow for the period

April to October, 2011 in Housing & Real Estate at INR 2,130 crores; which is a 2/3rd reduction

from the highs of the years 2008-09 and 2009-10. The Housing and Construction sector

contribution to the total FDI has also reduced to 2.31% from to 7% in the previous year.

In 4Q 2011, Indian Rupee (INR) fell further by approximately 10% against the US Dollar to close

at INRs 54.40 to 1.00 USD on 29th December 2011. The Rupee also weakened against the Euro

dropping by approximately 5% to close the quarter at INRs 70.99 to 1.00 Euro.

Qualified Foreign Investor can now directly invest in the Indian Equity Market. The investment

limit is to 5% and 10% for individual and QFIs respectively of their paid up capital of the company

that they establish in India.

4.0

6.0

8.0

10.0

12.0

Jan08

Feb08

Jan09

Feb09

Jan10

Feb10

Jan11

Feb11

Apr08

Mar08

Mar09

Apr09

Mar10

Apr10

Mar11

Apr11

May08

May09

May10

May11

Jun11

Jul08

Jun08

Aug08

Jul09

Jun09

Aug09

Jun10

Jul10

Aug10

Jul11

Aug11

Sep08

Oct08

Sep09

Oct09

Sep10

Oct10

Sep11

Oct11

Nov11

Dec11

Nov08

Dec08

Nov09

Dec09

Nov10

Dec10

2.0

0.0

(-2.0)

Source: Colliers International India Research

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CAPITAL VALUE TRENDS

4Q2008

1Q2009

2Q2009

3Q2009

4Q2009

1Q2010

2Q2010

3Q2011

2Q2011

1Q2011

4Q2010

3Q2010

2Q2008

1Q2008

INRpersqft

75,000

5,000

25,000

35,000

15,000

45,000

65,000

55,000

3Q2008

Malabar Hill, Altamount Road, CarmichaelRoad

Santacruz

Khar

Prabhadevi

Colaba, Cuffe

ParadeBandra

Andheri

Worli

Juhu

Breach Candy,

Napeansea Road,

Peddar Road

4Q2011

Rebase to 100

2Q2008

3Q2008

4Q2008

1Q2009

2Q2009

3Q2009

4Q2010

1Q2011

2Q2011

3Q2011

4Q2011

4Q2009

1Q2008

1Q2010

2Q2010

3Q2010

COLLIERS RESIDEX 4Q 2011 - MUMBAI

50

60

70

100

90

80

120

150

140

130

110

COLLIERS INTERNATIONAL | P. 3P. 3 | COLLIERS INTERNATIONAL

NEW PROJECTS

PROJECT NAME LOCATION DEVELOPER NAME TENTATIVE POSSESSION RATE (PER SQ.FT.)*

Aria Juhu Vile Parle Development Parinee Developers 4Q 2014 23,000

Green Acres Malad East Nirman Relators 4Q 2016 8,500

Hill Crest Jogeshwari Vikhroli Link Road Hub Town 2Q 2014 9,500

Island City Center Dadar East Bombay Realty 4Q 2016 37,500

Tripolis Goregaon West Ekta World 4Q 2016 10,500

MUMBAI

In 4Q 2011, various projects/phases of the

projects were completed in Mumbai, including

Kalpataru Aura at Ghatkopar by Kalpataru

developers and Lodha Bellissimo by Lodha

Group at Mahalaxmi.

This quarter, the Mumbai real estate market

witnessed the launch of several residential

projects, such as Hill Crest by Hubtown

Ltd., Aria by Parinee Developers, Island

City Centre by Bombay Realty, Tripolis by

Ekta World and Green Acres by Nirman

Relators. Lodha Group also launched its

mix use development project called New

Cuffe Parade, on its 23-acre land parcel in

Wadala. This land was purchased in 2010 at

approximately INR 4,500 crore.

The residential market remained subdued,

and fewer transactions were recorded during

the quarter on account of an unstable global

economy and rising interest. Capital values

remained stable in almost all the micro

markets except for a few locations such as

Breach Candy, Napeansea Road, Peddar Road,

Worli, Prabhadevi, Andheri and Powai where

capital value values witnessed an increase in

the range of 3 to 6% quarter on quarter.

The premium residential lease market

remained active at locations such as MalabarHill, Altamount Road, Carmichael Road, Breach

Candy, Napeansea Road, Peddar Road, Khar,

Juhu and Powai. These locations observed an

appreciation in rental values in the range of

1 % to 3% quarter on quarter.

The state government has decided to provide

an additional 0.33 Floor Space Index (FSI)

in suburbs of Mumbai. The FSI would

be available to the developer on paying a

premium. Currently, the state government

allows an FSI of 1 in the suburbs and 1.33 in

the island city.

CITY RESIDENTIAL BAROMETER

MUMBAI

3Q 2011 4Q 2011

RENTAL VALUE

CAPITAL VALUE

THE KNOWLEDGE | 4Q 2011 | RESIDENTIAL | MUMBAI

4Q 2011 PREMIUM RESIDENTIAL AVERAGECAPITAL VALUE

Colaba,CuffeParade

INRpersqft

MalabarHill,Altamount

Road,CarmichaelRoad

Worli

Breach

Candy,Napeansea

Road,PeddarRoad

Prabhadevi

Bandra

Santacruz

Andheri

Powai

Khar

Juhu

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

4Q 2011 PREMIUM RESIDENTIAL AVERAGERENTAL VALUE

INR per Sq ft Per Month

Prabhadevi

Colaba, Cuffe Parade

Breach Candy,Napeansea Rd.,

Peddar rd.

Malabar Hill, Altamount Road,Carmichael Road

200

150

100

50

0

Powai

Andheri

Juhu

Khar

Santacruz Worli

Bandra

Note: * As quoted by developer

8/13/2019 4Q_2011_resed

4/12P. 4 | COLLIERS INTERNATIONAL

NEW PROJECTS


Kings Court Greater Kailash- II DLF 1Q 2015 36,000

Queens Court Greater Kailash- II DLF 1Q 2015 26,000

Capital Greens Shivaji Marg DLF 2Q 2015 14,000

Winter Hills Dwarka Morh Umang Realtech 4Q 2013 7,000

COLLIERS INTERNATIONAL | P. 4

DELHI

During 4Q 2011, several redevelopment

residential projects were ready for possession

in locations such as Anand Niketan, Vasant

Vihar, Westend, Defence Colony and Malcha

Marg.

No new project was launched during 4Q

2011.

Capital values for premium residential

properties observed a minor appreciation in

the range of 2% to 5% quarter on quarter

across all the micro markets. This could be

attributed to the limited premium supply and

scope of development.

Due to continuous demand from expatriates

and officials of MNC and Indian Corporatefor prime residential properties, rental values

recorded an increase in the range of 7 to

10% quarter on quarter across all the micro

markets, except for a few location such as

Prithviraj Road, Aurangzeb Road, where rates

remained stable.

The Delhi state cabinet has hiked the circle

rates for the second time this year in Delhi.

The circle rate hike was highest in category

A (Anand Niketan, Bhikaji Cama Place,

Friends Colony, Maharani Bagh, Nehru Place

etc.) at 250% while in B (Defence Colony,Greater Kailash, Green Park, Hauz Khas etc.),

C (Civil Lines, East of Kailash, Kalkaji, Lajpat

Nagar etc.) and D (Anand Vihar, Dwarka,

Janakpuri,Karol Bagh etc.) category areas the

circle rates increased by 100%. Earlier this

year in February, the circle rates increased up

to 100% in various categories.


3Q 2011 4Q 2011

RENTAL VALUE

CAPITAL VALUE

THE KNOWLEDGE | 4Q 2011 | RESIDENTIAL | DELHI




DELHI

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

90,000

100,000

80,000

AnandNiketan,

VasantVihar

Panchashila,Anandlok,

NitiBagh,SDA

FriendsColony,

MaharaniBagh

ShantiNiketan,

Westend

GreaterKailash

I&II,South

Extension

GolfLinks,JorBagh,

SunderNagar

ChanakyaPuri

PrithvirajRoad,

AurangzebRoad

INRperSqFt

10,000

0

20,000

30,000

40,000

50,000

60,000

70,000

80,00090,000

1Q2008

2Q2008

1Q2009

2Q2009

3Q2009

1Q2010

3Q2008

4Q2008

4Q2009

2Q2010

3Q2010

4Q2010

3Q2011

1Q2011

2Q2011

Golf Links, Jor Bagh, Sunder Nagar

Shanti Niketan, Westend

Friends Colony, Maharani BaghPanchashila, Anandlok, Niti Bagh, SDA

Greater Kailash I & II, South E xtension

Chanakya Puri

Prithviraj Road, Aurangzeb Road

Anand Niketan, Vasant Vihar

INRperSqFt

Golf Links, Jor Bagh,Sunder Nagar

Chanakya Puri

Prithviraj Road, Aurangzeb Road

Anand Niketan,Vasant Vihar

GreaterKailash I

& II, SouthExtension

Friends Colony,Maharani Bagh

Shanti Niketan, Westend

Panchashila, Anandlok, Niti Bagh, SDA

160

140

120

100

80

60

40

20

0


4Q2011

COLLIERS RESIDEX 4Q 2011 - DELHI

Rebase to 100

50

60

70

80

90

100

110

120

140

150

130

1Q2008

2Q2008

3Q2008

4Q2008

1Q2009

2Q2009

3Q2009

4Q2010

1Q2011

2Q2011

3Q2011

4Q2011

4Q2009

1Q2010

2Q2010

3Q2010


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Rebase to 100

4Q2008

1Q2009

2Q2009

3Q2009

4Q2010

1Q2011

2Q2011

3Q2011

4Q2011

4Q2009

1Q2010

2Q2010

3Q2010

COLLIERS RESIDEX 4Q 2011 - GURGAON

50

60

70

100

90

80

120

150

140

130

110


NEW PROJECTS


Chintels Kokoon Sector 109 ATS 4Q 2014 4,350

Cosmos City Sector 103 ERA Landmarks 1Q 2015 3,700

Diplomatic Residency Sector 111 Puri Construction 4Q 2014 6,000

International City Sector 109, 106, 108 Sobha Developers Ltd. 4Q 2014 13,500

Raheja Revanta Sector 78 Raheja Group 1Q 2015 5,200

Splendo Sector 57 Splendor Group 4Q 2013 5,500



GURGAON

This quarter, several projects were launched

in Gurgaon, including Diplomatic Residency

by Puri Constructions, Splendo by Splendor

Group, International City by Shobha

Developers and Kokoon by ATS and Chintels.The Projects were priced in the range of INR

5,500 to 6,000 per sq ft and were launched

in Dwarka Express Way and Golf Course Road

Extension.

Construction activities remained slow, and

none of the major projects or phases of the

project were offered for possession during

the quarter.

Capital Values for premium ready-to-move

in residential properties located along Golf

Course Road, Sohna Road, Sushant Lok andNH8 registered an increase in the range of

4 to 10% quarter on quarter.

Similarly, rental values for premium residential

properties also registered an increase in the

range of 3 to 10% in almost all the micro

markets.

Kotak Realty Fund invested INR 170 crore in

the Astaire Gardens project being developed

by BPTP, located at sector-70A. The project is

spread over 102.2 acres and is expected to

be completed towards the end of 2015.

In order to streamline the procedure of approval

of building plans in licensed residential and

industrial plotted colonies for which licensed

is granted under the provision of Haryana

Development and Regulation of Urban Area

Act, 1975, the department introduced self

certification system to reduce the complex

procedure of approval of building plans.


3Q 2011 4Q 2011

RENTAL VALUE

CAPITAL VALUE

THE KNOWLEDGE | 4Q 2011 | RESIDENTIAL | GURGAON


GURGAON

Sohna Road & Ext

Golf Course Road

NH-8

Sushant LokDLF Phase I

60

50

40

30

20

10

0


4Q2008

1Q2009

2Q2009

3Q2009

4Q2009

1Q2010

2Q2010

1Q2011

2Q2011

3Q2011

4Q2011

4Q2010

3Q2010

18,000

16,000

14,000

2,000

0

4,000

8,000

6,000

10,000

12,000

3Q2008

NH-8

Sushant Lok

DLF Phase I

Golf Course Road

Sohna Road & Ext

INRpersqft

GolfCourseRoad

SohnaRoad&Ext

DLFPhaseI

SushantLok

NH-8

0

3,000

6,000

9,000

12,000

15,000

INRpersqft


8/13/2019 4Q_2011_resed


NOIDA

During 4Q 2011, no major under construction

projects/phases of the project witnessed

completion.The construction activities had

slowed down during the quarterdue to

agitation from farmers on land issue in thenew sectors allocated by NOIDA authority.

The construction activities are expected to

start picking up as the NOIDA authority has

cleared most of the land issues by paying old

dues.

The number of new projects launched has

reduced significantly in comparison to previous

3 quarters. A prime residential project

launched in this quarter was Supernova by

Supertech Ltd in Sector 94, INR 13,500 per sq

ft well above the average market price range.

The project is proposed supposed to be a highrise mixed use development with around 80

storeys.

Capital values witnessed an increase in the

range of 4 to 9% quarter-on-quarter in almost

all the premium residential sectors such as

Sector 28-30, 44, 50, 92, 93 and 61-62.

In 4Q 2011, rental values in NOIDA increased

in the range of 3 to 7% quarter-on-quarter,

due to demand from MNCs and limited

availabilities of premium properties.

In an attempt to avoid any further agitation

by NOIDA farmers on land acquisition issues,

the NOIDA Authority released a list of 2,663

farmers in 35 villages who will get five per

cent developed plots in the final phase. The

list, according to the Authority, is the final one

for all the villages where land was acquired

after 1997.

CITY OFFICE BAROMETER

3Q 2011 4Q 2011

RENTAL VALUE

CAPITAL VALUE

THE KNOWLEDGE | 4Q 2011 | RESIDENTIAL | NOIDA

NOIDA



0

2,000

4,000

6,000

8,000

10,000

Sector28,29,30

Sector92/93

Sector61,62.,63

Sector50

Sector44

INRperSqFt

3Q2009

2,000

3,000

4,000

5,000

6,000

7,000

9,000

10,000

8,000

1Q2010

2Q2010

3Q2010

4Q2009

1Q2011

2Q2011

3Q2011

4Q2010

Sector 61,62,63

Sector 28,29,30

Sector 44

Sector 92 / 93

Sector 50

INRperSqFt

Sector 50

Sector 44

Sector 28,29,30

Sector 92/93 Sector 61,62,63

25

20

15

10

5

0



4Q2011

30

COLLIERS RESIDEX 4Q 2011 - NOIDA

Rebase to 100

50

60

70

80

90

100

110

120

140

150

130

1Q2008

2Q2008

3Q2008

4Q2008

1Q2009

2Q2009

3Q2009

4Q2010

1Q2011

2Q2011

3Q2011

4Q2011

4Q2009

1Q2010

2Q2010

3Q2010

NEW PROJECTS


Arista Sector 168 Sun World 4Q 2014 3,500

Cleo County Sector 121 ABA Corp. 2Q 2015 3,300

Kaamna Greens Sector 143 Sikka Group 3Q 2015 2,800

Supernova Sector 94 Supertech 1Q 2015 8,500

Wave Mega City Centre Sector 32 Wave Infratech 4Q 2015 7,300


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BENGALURU

This quarter several projects/phases of

the projects were ready for possession in

Bengaluru, including Purva Highlands

located at Kanakpura and Purva Venezia

at Yelahanka by Purvankara Developers andVictory Harmony at RT Nagar by Victory

Builders & Developers.

In terms of new projects launched, the

Bengaluru market remained active during

4Q 2011. However, the number of residential

projects launched by grade A developers has

reduced significantly from the previous three

quarters. Two of these new projects were

launched in peripheral locations, Devanahalli,

Yemalur ORR and Kanakapura Road, and were

priced in the range of INR 2,650 to 7,450 per

sq ft.

The capital values for premium residential

properties increased in the range of 7 to 10%

quarter on quarter in location like Central

Bengaluru, Indiranagar and Cooke Town due

to limited supply in these areas. Capital values

in suburban and peripheral locations remained

stable during the quarter.

Rental values for prime residential properties

remained stable in almost all the micro

markets, barring Whitefield, where rentals

witnessed an increase by 5% quarter onquarter due to increasing leasing activities in

this area.

In 4Q 2011, development work for signal free

corridor between Sirsi circle to Agara Lake

has been commenced. This is expected to

improve the connectivity between the ORR

(Sarjapur-Marathahalli) and Koramangala.


3Q 2011 4Q 2011

RENTAL VALUE

CAPITAL VALUE

THE KNOWLEDGE | 4Q 2011 | RESIDENTIAL | BENGALURU


0

2,000

4,000

8,000

6,000

10,000

14,000

16,000

18,000

12,000

Yelahanka

Whitefield(Appts)

Koramangala

Bannerghatta

Road

Indiranagar

AirportRoad

PalaceOrchard

Jayanagar

CookeTown

INRperSqFt

Central

1Q2008

2Q2008

3Q2008

INRperSqFt

0

2,000

4,000

6,000

8,000

10,000

14,000

12,000

16,000

18,000

2Q2010

4Q2009

1Q2010

4Q2008

1Q2009

2Q2009

3Q2009

3Q2010

4Q2010

1Q2011

2Q2011

4Q2011

3Q2011

Central

Yelahanka

Koramangala

Indiranagar

Cooke Town Jayanagar

Bannerghatta Road

Palace Orchard

Airport Road

Whitefield



Palace Orchard

Jayanagar

Cooke Town

Central

Yelahanka

Whitefield(Appts)

Koramangala

Bannerghatta Road Airport Road

Indiranagar

70

55

40

25

10

-5


BENGALURU

COLLIERS RESIDEX 4Q 2011 - BENGALURU

Rebase to 100

50

60

70

80

90

100

110

120

140

150

130

1Q2008

2Q2008

3Q2008

4Q2008

1Q2009

2Q2009

3Q2009

4Q2010

1Q2011

2Q2011

3Q2011

4Q2011

4Q2009

1Q2010

2Q2010

3Q2010

NEW PROJECTS


Brigade Orchids Devanahalli Brigade Group 4Q 2013 6,000

Century Linea Kanakapura Road Century Group 4Q 2014 4,200

Embassy Prispine ORR Embassy Group 4Q 2014 5,600

Rohan Jhorka Phase II Yemalur Rohan Builders 4Q 2013 3,850

Skyline Exantus Kanakapura Road Skyline Group 4Q 2014 3,250

Tata Promonte Banashankari TATA Housing 4Q 2013 7,450


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Rebase to 100

4Q2008

1Q2009

2Q2009

3Q2009

4Q2010

1Q2011

2Q2011

3Q2011

4Q2011

4Q2009

1Q2010

2Q2010

3Q2010

COLLIERS RESIDEX 4Q 2011 - KOLKATA

50

60

70

100

90

80

120

150

140

130

110

NEW PROJECTS


Emami City Nagerbazar Emami Realty 1Q 2015 4,100

Greentech City RajarhatVedic Realty Pvt Ltd &

Diamond Group1Q 2015 2,200

Omni Lakeview RajpurBengal Omni Tech

Nirman Ltd1Q 2015 2,200

Rameswara Waterview Rajarhat Rameswara Group 3Q 2014 2,300

Rishi Meridian Rajarhat Rishi Group 4Q 2014 2,500

Siddha Sphere Rajarhat Siddha Group 4Q 2014 2,700



KOLKATA

Projects/phases of the projects that were

ready for possession in Kolkata this quarter

were Purti Colours by Purti Realty, Diamond

Residency by Super Diamond Nirman Pvt.

Ltd both located at Behala, Sankalpa Phase Iby WBIDFC, Greenfield Ambition by Bengal

Greenfield and Rosedale by Rosedale

Developers, all three located at New Town

and Ekta Oleander by Base Developer at

Beliaghata, and Purti Flower Phase II by

Purti Realty at Mahestala.

New projects launched this quarter were

primarily located at peripheral locations such

as Rajarhat, Rajpur and Nager Bazar and were

priced between INR 2,200 to 4,100 per sq ft.

Demand remained positive and capital valuesacross all the micro markets witnessed minor

appreciation in the range of 1 to 3% quarter on

quarter. Capital values in Rajarhat recorded

an average increase of approximately 8%

quarter on quarter. This increase can be

attributed to the rising demand in this area

due to availability of quality apartment in the

affordable price range.

Rental values in almost all the micro markets

witnessed an increase in the range of 3%

to 9% over the quarter except in areas like

Behela, EM Bypass and VIP Road due to largeavailability.

The government has approved Infosys

proposal to establish its second campus at

Rajarhat, and there is also a financial hub

being planned in the same region. Both of

these are expected to generate demand for

residential real estate in the market inthe near

future.


3Q 2011 4Q 2011

RENTAL VALUE

CAPITAL VALUE

THE KNOWLEDGE | 4Q 2011 | RESIDENTIAL | KOLKATA




KOLKATA

Alipore

Tollygunge

PA Shah Road

Bhawanipur

New Town Rajarhat

VIP Road

EM Bypass

Ballygunge

Salt Lake Behela

Loudon Street

35

30

25

15

10

5

0


3Q2008

4Q2008

2Q2008

1Q2009

2Q2009

3Q2009

4Q2009

1Q2010

1Q2010

2Q2010

2Q2010

3Q201

3Q201

4Q2009

2Q2011

3Q2011

4Q2011

1Q2010

4Q2010

2,000

0

4,000

8,000

6,000

10,000

12,000

1Q2008

Bhawanipur

EM Bypass

Ballygunge Loudon Road

Behela

Alipore Tollygunge

Bhawanipur

New Town - Rajarhat

VIP Road

Salt Lake

INRpersqft

Bhawanipur

PAShahRoad

Tollygunge

LoudonStreet

Behela

Alipore

EMBypass

Ballygunge

SaltLake

VIPRoad

NewTownRajarhat

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

INRpersqft

8/13/2019 4Q_2011_resed


Magarpatta/Hadapsar

Deccan/Camp/Boat Club

Kalyani Nagar/Viman Nagar/Kharadi

Pimpri/Chinchwad/Chakan

NIBM/Undri/Kondhwa

Kothrud /Bav dhan/Wa jre Baner /H in jewadi /Wakad/Pashan

30

25

15

10

5

0


PUNE

The premium residential market of Pune

include Deccan, Camp, Boat Club Road,

Kalyani Nagar and central Pune. Locations

like Hinjewadi, Magarpatta, Hadapsar, Baner,

Viman Nagar and NIBM have emerged as idealdestination for residence consist of high end

and mid range apartments. Upcoming location

in peripheral areas includes Kharadi, Kothrud,

Khodhwa, Pimpri Chinchwad, Undri, Wanowari

and Pashan.

During 4Q 2011, various premium projects/

phase of projects were completed, including

Rohan Ishita by Rohan Builders At Mundhwa,

Kapil Tranquil Greens at Baner and Kapil

Aasmat at Pashan by Shree Bal Developers,

and Mind Space in Wakad by Saffron Realty.

These projects were priced in the range ofINR 5,000 to INR 8,000 per sq ft.

In 4Q 2011, several premium projects were

launched in locations like Baner, Viman Nagar,

Wakad, Fatima Nagar, Mhatre Bridge, Aundh,

NIBM Road, Hinjewadi and Pimpri-Chinchwad,

projects were priced in the range of INR 5,000

to 8,000 per sq. ft.

Capital Values remained stable in almost all the

micro markets except in Kalyani Nagar, Viman

Nagar, Baner, Hinjewadi and Wakad locations,

where values increased from 1 to 2%.

During 4Q 2011, rental values remained

stable in almost all the micro markets in Pune,

except for locations such as Baner, Hinjewadi,

Wakad, Pashan and Balewadi, where an

average increase of 4% quarter on quarter was

observed. This was primarily due to consistent

demand for rented accommodation from the

working population in nearby commercial

hubs.


3Q 2011 4Q 2011

RENTAL VALUE

CAPITAL VALUE

THE KNOWLEDGE | 4Q 2011 | RESIDENTIAL | PUNE




PUNE

1Q2009

2Q2009

3Q2009

4Q2009

1Q2010

2Q2010

3Q2010

2Q2011

1Q2011

3Q2011

4Q2011

4Q2010

3,000

2,000

4,000

7,000

8,000

9,000

6,000

5,000

10,000

Kalyani Nagar/Viman Nagar/Kharadi Deccan/Camp/Boat C lub/Central Pune

Magarpatta/Hadpsar Baner/ Hinjewadi/ Wakad/Pashan/Balewadi

Kothrud/Bavdhan/Wajre NIBM/Undri/Kondhwa

Pimpri/Chinchwad/Chakan/Talegaon

INRpersqft

KalyaniNagar/Vi-

manNagar/Kharadi

Bhawanipur

Deccan/Camp/

BoatClub

Baner/Hinjewadi/

Wakad/Pashan

Magarpatta/Hadapsar

NIBM/Undri/Kondhwa

Kothrud/Bavdhan/

Wajre

Pimpri/Chinchwad/

Chakan

0

2,000

4,000

6,000

8,000

10,000

INRpersqft

COLLIERS RESIDEX 4Q 2011 - PUNE

Rebase to 100

50

60

70

80

90

100

110

120

140

150

130

4Q2008

1Q2009

2Q2009

3Q2009

4Q2010

1Q2011

2Q2011

3Q2011

4Q2011

4Q2009

1Q2010

2Q2010

3Q2010


NEW PROJECTS


43 Privet Drive Balewadi Bhandari Associates 4Q 2013 6,000

Camelot Royale Viman Nagar Mainland Buildcon 3Q 2014 5,500

Empire Estate Phase-II ChinchwadSukhwani-Agrawal

Group4Q 2013 4,800

Galaxy Mhatre Bridge Kool Homes 4Q 2013 15,000

Monte Cristo Baner Manav Group 4Q 2013 7,500

8/13/2019 4Q_2011_resed

11/12COLLIERS INTERNATIONAL | P. 11

THE KNOWLEDGE | 4Q 2011 | RESIDENTIAL | SUBMARKETS

Mumbai

The high-end residential real estate markets in Mumbai include Malabar Hill, Altamount Road, Carmichael Road, Napean Sea Road, Breach Candy,

Colaba, Cuffe Parade, Prabhadevi, Worli, Bandra, Khar, Santacruz, Juhu and Powai.

DelhiThe prime residential areas in Delhi are in the South region and comprise Vasant Vihar, Westend, Shanti Niketan, Anand Niketan and Central Delhi

locations. These areas enjoy proximity to embassies, the airport and central commercial areas - Connaught Place.

Gurgaon

The prime residential locations of Gurgaon include Golf Course Road, DLF Phase I, Sushant Lok and Sohna Road. The Delhi- Jaipur Highway (NH-8)

is also emerging as a preferred residential location owing to its proximity to the national capital.

NOIDA

NOIDA premium residential market is comprised of sectors 44, 50, 92, 61, 62, 63 , 28, 29, 30 and Taj Express Highway.

Chennai

The prime residential areas in Chennai include Thiruvanmiyur, Valmiki Nagar and Besant Nagar, R.A Puram, Mylapore and Adyar in South Chennai,

Nungambakkam, Chetpet, Poes Garden, Egmore, Alwarpet, T. Nagar in Central Chennai; and Anna Nagar, Kilpauk in North West Chennai.

Bengaluru

The residential market of Bengaluru comprises both apartments and independent residences. Currently, high-end residential developments are

mainly concentrated along the CBD, and Eastern and South precincts of the city. Recently, Northern Bengaluru has also witnessed a spree of realty

activity facilitated by the new International Airport at Devanhalli.

Kolkata

The prime residential areas in Kolkata include PA Shah Road, Tollygunge and Bhawanipur in South Kolkata, Alipore and Behala in South-west Kolkata,

Loudon Street and Ballygunge in Central Kolkata; and Salt Lake, EM Bypass and VIP Road in North Kolkata.

Pune

The prime residential areas in Pune include Kalyani Nagar, Viman Nagar, Boat Club Road, NIBM Road, Magarpatta, Hadapsar, Koregaon Park. Recently,

increased activities has been witnessed in Pimpri-Chinchwad, Baner-Pashan and Kondhwa.

RESIDENTIAL SUBMARKETS

CITY BAROMETERS

COLLIERS RESIDEX

Increasing as compared to previous quarter

Decreasing as compared to previous quarter

Remained stable from previous quarter

Colliers Residex represents the average secondary sale prices of high end properties. Residex has been derived by rebasing the capital values as100 as on 1Q 2008.

8/13/2019 4Q_2011_resed

12/12

Colliers International (India) provides property services to property Investors and Occupiers. We

deliver customised service solutions utilising local and global knowledge in partnership with our

clients via our property Investment and Occupier service lines. These service lines include - Office

Services, Facility Management, Project Management, Residential Services, Investment Services

and Valuation & Advisory Services.

www.colliers.com/india

For national residential services related queries please contact:

Poonam Mahtani, National Director

Residential Services & Knowledge Systems

[email protected]

Tel: 91 22 4050 4551

Mumbai : Prabhu Raghavendra, Office Director

[email protected]

31/A, 3rd floor, Film Center, 68, Tardeo Road, Mumbai, India - 400 034.

Tel : 91 22 4050 4500, fax : 91 22 2351 4272

Delhi NCR : Ajay Rakheja, Office Director

[email protected]

New Delhi :Statesman House, 4th Floor, Barakhamba Road, Connaught Place,

New Delhi, India - 110 001

Tel : 91 11 4360 7500 - 23, fax : 91 11 2335 6624

Gurgaon : Technopolis Building, 1st floor, DLF Golf Course Main Road, Sector 54, Gurgaon,

India - 122 002

Tel : 91 124 437 5807, fax : 91 124 437 5806

Bengaluru : Goutam Chakraborthy, Office Director

[email protected]

Prestige Garnet, Level 2, Unit No.201/202, 36 Ulsoor Road, Bengaluru,

India - 560 042

Tel : 91 80 4079 5500, fax : 91 80 4112 3131

Pune : Suresh Castellino, Office Director

[email protected]

Hotel Le Meridian, 101, R.B.M. Road, Pune, India - 411 001

Tel : 91 20 4120 6438, fax : 91 20 4120 6434

Chennai : Kaushik Reddy, Office Director

[email protected]

Heavitree Complex, Unit 1C, 1st floor, 23, Spurtank Road, Chetpet, Chennai,

India - 600 031

Tel : 91 44 2836 1064, fax : 91 44 2836 1377

Kolkata : Soumya Mukherjee , Office Director

[email protected]

Infinity Business Centre, Infinity Benchmark, Room No 13, Level 18, Plot G - 1,

Block EP & GP, Salt Lake Sector V, Kolkata - 700 091 West Bengal, India

Tel : 91 33 2357 6501 , fax : 91 33 2357 6502

This book is printed on 100% Recyclable paper

THE KNOWLEDGE | 4Q 2011


AUTHORS

Amit Oberoi MRICS

National Director, Valuation & Advisory; ResearchEmail: [email protected]

Surabhi Arora MRICS

Associate Director, ResearchEmail: [email protected]

Sachin Sharma

Assistant Manager, ResearchEmail: [email protected]

Heliana Mano

Assistant Manager, ResearchEmail: [email protected]

For general queries and feedback :

[email protected]: 91 124 456 7580

This report and other research materials may be found onour website at www.colliers.com/India. Questions relatedto information herein should be directed to the ResearchDepartment at the number indicated above. This documenthas been prepared by Colliers International for advertisingand general information only. Colliers International makesno guarantees, representations or warranties of any kind,expressed or implied, regarding the information including,but not limited to, warranties of content, accuracy andreliability. Any interested party should undertake theirown inquiries as to the accuracy of the information.

Colliers International excludes unequivocally all inferredor implied terms, conditions and warranties arising outof this document and excludes all liability for loss anddamages arising there from.

Copyright 2012 - 2013 All Rights Reserved.

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