FOREWORD - MagicBricksproperty.magicbricks.com/.../oct-dec-2014/Delhi-ncr... · values. The Delhi...

It’s a new calendar year and Magicbricks wishes all its readers a VeryHappy 2015. It’s been a year where subdued sentiments in the propertymarkets gave rise to euphoria over Prime Minister Modi’s conclusive winin the General Elections and then settled into a subdued mode again.

In its 15th edition, PropIndex reflected the reality of the real estatemarket in India which clearly gave a green signal for affordability andvalue for money. This was in line with the government’s agenda ofpromoting ‘Housing for All by 2022’.

City indices remained fairly stable. Riding high on the ‘Modi’ factorAhmedabad recorded the highest rise of 3 per cent in the City Indexvalues. The Delhi City Index continued to drop (1%) indicating slowuptake in the market.

At the macro level, properties in the affordable or mid-segment rangeswere clearly a popular choice. The budget range of Rs 20-40 lakh saw arise across cities except in Delhi, Gurgaon and Kolkata. In line with thistrend, the 1BHK category saw a rise in demand across all cities. Delhi andGurgaon saw a rise in demand for 2BHK units as well. As the capitalmarkets regained momentum post the formation of the new governmentat the Centre, rental markets were subdued in the Oct-Dec 2014 quarter.Almost 40-50 per cent of the tracked localities in each city recorded adrop in values.

After a dull year, 2015 is expected to bring with it new and positivechanges in the sector. The year is going to be crucial as this is the timewhen the Government’s promises would actually be put into practice.

Do write in at [email protected] and share yours views on thisreport and how we could make PropIndex even better. You may also shareyour opinion with #PropIndex on our Twitter handle @magicbricks orconnect with us on Facebook at www.facebook.com/magicbricksTOI.

FOREWORD

Sudhir PaiBusiness Head, Magicbricks.com

Magicbricks PropIndex

Magicbricks PropIndexis a tool whichempowers propertyseekers and investorswith detailedinformation on themovement of residentialapartment prices andsupply of properties inIndia. No credibleproperty index can be afunction of direct valuesas the changes aregoverned by multiplefactors.

Magicbricks PropIndexhas taken this realityinto account andproduced an index basedon listing of apartmentsand their capital andrental values on thewebsite.

Magicbricks has over 700,000 active propertiesposted by more than1,40,000 active users in300 cities and 10,000localities. Our usersinclude owners, agentsand developers.

Methodology

Apartment values arebased on listings onMagicbricks. Theseinclude multi-storeyapartments and singleunits on plotteddevelopments, referredto as builder floors onMagicbricks.com.

The Index is structuredin such a way thatindividual properties

are aggregated into theirrespective cities andthen to the NationalIndex. Weightages forPropIndex are based onthe supply of propertieswithin the locality/city.Based on this structure,PropIndex gives arealistic picture oftrends in price/supplyacross different propertymarkets in each city. Wehave used differentweightages for ListedPrice Monitor/RentMonitor. Therefore, readas a whole, PropIndexalong with tablesprovided for Listed PriceMonitor, Rent Monitor,Yield Monitor andCapital Values, gives anexcellent perspective ofthe property marketperformance in thequarter.

While listing and itsvalues/supply provide alevel of understandingof the market, there aremeticulous data checksto prevent aberrationscreeping in the Index.These are based onstatistical calculations,industry inputs andlogical interpretations.

The National PropertyIndex (NPI) is indicativeof the extent of activityas well as pricemovements across citiesand localities in themajor cities active onMagicbricks.com. Theindex includes the top11 cities (these have

been chosen based ontheir activity levels) andhas an individual cityreport for each of thesecities. While the NPI andits movements are ofinterest to the expertcommunity of bankers,builders and investors,the PropIndex has alsotaken care to explain thenuances of indexmovements at thelocality level that wouldhelp the huge base ofMagicbricks.comconsumers.

Insights into consumerdemand have beengathered throughanalysis of searchinformation on the site.This helps understandthe best localities bydemand, the type andconfiguration of units aswell as the budget-wisepreferences.

The PropIndex is theresult of meticulousresearch at the localitylevel and throughdetailed discussionswith experts atMagicbricks.com’soffline and onlineinitiatives.

The Indian real estatemarket is dynamic andthe PropIndex reflectsthose changes. Since it isderived from a dynamicdatabase, additions anddeletions of localitieshappen as a function ofmarket dynamics.

METHODOLOGY

There is a wealth of information within these pages. For better readability, we have presented some data as tablesand others as graphs. Between them, you will find how property markets have performed in the Oct-Dec 2014quarter from different perspectives – from that of capital appreciation, from a rental/yield realisationperspective and from a supply standpoint. Demand Analysis section also explains what consumers look for.

We recommend that you evaluate the city report in its entirety and that will provide a rounded perspective of theperformance of the property market within each city. Here are the details of what you will find in each of the cityreports enclosed within:

1. City Property Index – This is a composite index which is a function of supply of properties as well as theaverage capital appreciation/drop in various localities of the city in the quarter. The city index is theweighted average of the average rate per square foot in that locality and the supply of properties from thatlocality. Premium localities (with higher average rate per square foot) as well as localities with higher supplyof properties will have a bigger impact on the Index. For example, if the supply of properties from apremium locality drops, that locality will end up having a lower weightage in the index which in turn willpush the Index downwards (and vice-versa). On the other hand, supply of properties remaining unchanged,the Index will be influenced by capital appreciation within the locality.

2. Listed Price Monitor – This metric shows the capital appreciation/drop within a locality and is calculatedon the basis of movement in the “average rate per square foot” within that locality. By and large, themovement in the “average rate per square foot” reflects capital appreciation/drop. However, in a few selectcases, we have observed that the average rate per square foot moves due to a change in the mix of apartmentswithin that locality (e.g. if the ratio of premium apartments, which command a higher per square foot rate,changes over the quarter). In these few circumstances, the Listed Price Monitor will, in turn, reflect thisinput. Such changes have been explained in the text of the City Reports.

3. Rent Monitor – This reflects the rental appreciation/drop within a locality. It is calculated on the basis ofmovement in the “average rent per square foot” within that locality. By and large, the movement in the“average rent per square foot” reflects rental appreciation/drop. However, in a few select cases, we haveobserved that the average rent per square foot moves due to a change in the mix of apartments within thatlocality (e.g. if the ratio of premium apartments, which command a higher per square foot rent, changes overthe quarter). In these few circumstances, the Rent Monitor will, in turn, reflect this input. Such changes havebeen explained in the text of the City Reports.

4. Yield Meter – Yield is the annual rate of return earned on property. The Yield Meter depicts the gross yieldpercentages across various localities. Gross yield is a ratio of average annual rental value to the averagecapital value of the property.

5. Capital Value Tables (given in Annexures) – This shows the actual range of prices within which propertieswere available in each locality in the quarter. Prices are shown in Rupees per square foot basis, these are theprevailing rates for properties in each locality.

6. Demand Analysis – This analysis of consumer demand is based on searches and requirements that usershave performed on Magicbricks.com. The top localities by demand gives an insight into consumerpeferences. The demand data has been used to arrive at various aspects of consumer requirements includingBudget-wise analysis, Property type analysis and BHK configuration analysis. This section also provides acomparison between demand and supply in the Jul-Sep and Oct-Dec 2014 quarters.

7. Editorial Speak – PropIndex has gone from strength to strength – adding more analytics, insights anddiverse views in every edition. To enhance the insights provided by our data PropIndex now includes cityperspectives from editors of Times Property.

GLOSSARY & DEFINITIONS

OCT-DEC 2014

In the Oct-Dec 2014 quarter, theNational Property Index (NPI)rose by 1 per cent over theprevious quarter. Out of the 11 cities tracked in India, sevenposted a rise of 1-3 per cent in theCity Index value. This kept theNPI positive.

Ahmedabad posted the maximumrise of 3 per cent in the CityIndex, followed by Kolkata,Chennai and Hyderabad whichrecorded a rise of 2 per cent.Bengaluru, Pune and Noida notedmerely 1 per cent rise. However,Gurgaon and Ghaziabad remainedunchanged. Delhi and Mumbai,the major metropolitan cities, sawa drop in the City Index value by 1 per cent.

The National Consumer Budgetpreference graph shows thatdemand for properties in therange of Rs 20-50 lakh remainedstrong and increased by 3 per centin the last six months. On theother hand, properties in the mid(Rs 70-100 lakh) to premium

segment (Rs 1 crore and Above)noted a drop of 1-2 per cent.

Overall, active supply remainedpassive and recorded a nominaldrop of 2 per cent. Cities such asMumbai, Kolkata and Gurgaonrecorded the maximum drop inactive supply.

No reduction in home loan ratesby RBI and drop in property buyersentiments in the last few monthskept property buyers at a wait-and-watch mode. This pulleddown the new launches rateacross India.

However, inspite of slow growthin the real estate market and dropin the number of new launchesacross India, the marketcontinued to witness healthydemand for properties in theaffordable range.

Significant demand for propertiesin the affordable range gaveimpetus to the public and privatesector to offer new properties inlow budget ranges with basicfacilities. The Modi Government’s

relaxation of FDI rules in theconstruction sector, by reductionin the minimum floor area fordevelopment and capitalrequirement, are expected tofurther attract more funds to thereal estate sector.

n Small size unitsrecorded a rise indemand by 1-4 percent, across India

n Properties worthRs 20-50 lakh wentup by 3 per cent

n NCR witnessed adrop in supply ofpremiumproperties by 3-10per cent exceptGhaziabad, whichremained stable

n Demand forapartmentsdropped by 1-6 percent across allcities, except inChennai

IN THIS REPORT:

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

Delhi.........................................4

Gurgaon...................................12

Noida & Ghaziabad................... 24

Annexures.................................35

NATIONAL PROPERTY INDEX (NPI)

VOL 4, ISSUE 3; OCT-DEC, FY 2014-15

OCT-DEC 2014

propindex.magicbricks.com

Source:Magicbricks.com

02VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

NATIONAL PROPERTY INDEX

l In the last one year, propertiesworth Rs 30-50 lakh continuedto witness maximum demandwith a consistent rise quarter-over-quarter, indicating strongdemand for affordable optionsacross India

l Rental returns remained highin residential properties inBengaluru, Hyderabad andKolkata

l In the last six months, Mumbai,Bengaluru and Pune continuedto be the most preferredinvestment destinations

Ahmedabad City Index rose by 3 per cent. After the formation ofthe Modi Government at thecentre, the City Index continuedto show a rise in values quarter-over-quarter. In the Oct-Dec 2014quarter, the city recorded a rise of1-9 per cent in average capitalvalues in over 75 per cent of thetotal localities tracked. The cityalso witnessed a rise in supply by5 per cent in comparison to theprevious quarter. SG Highway,Bopal and Motera witnessedmaximum supply of new projects.

The Bengaluru City Indexshowed an inverse trend incomparison to the last quarter, byposting a rise of 1 per cent. Thiskept the city index unchanged inthe last six months. Whitefield,

Sarjapur Road and Electronic Cityremained the most preferredinvestment destinations acrossresidential housing categories.The Yield Meter showed thatreturns were high on residentialinvestment in South and EastBengaluru, followed by NorthBengaluru.

Increase in average capital valuescoupled with rise in activeproperty listings in the city by 5 per cent, pushed up the ChennaiCity Index by 2 per cent. Therental market witnessed slowmovement in the average monthlyrentals. Close to 55 per cent of thetotal localities tracked in the citynoted a drop between 1-8 per cent.In the last one year, averagecapital values showed a healthyrise of over 10 per cent in areassuch as Oragadam, Anna NagarWest, Nungambakkam andPrerungudi.

The Delhi City Index continued todrop in the Oct-Dec 2014 quarter.A drop of 1 per cent was noted asopposed to the 3 per cent fall notedin the previous quarter. In the lastthree quarters, Delhi City Indexhas dropped by 9 per cent. Thiswas primarily on the back of thedrop in average values andgrowing inventory in the city,mainly in the single floor units. Inthe rental market, close to 50 per cent of the total localitiestracked in the city, recorded adrop of 1-10 per cent.

The Ghaziabad City Indexremained unchanged in the Oct-Dec 2014 quarter.

Almost equal number of localitiesrecorded a rise or drop in theaverage capital values. This keptthe Listed Price Monitorunchanged at 0 per cent. Similartrend was noted in the rentalmarket with increase and drop of10 per cent in lease.

In the past one year, GurgaonCity Index remained betweenminus 2 to plus 1 per cent. Thiswas mainly due to slow uptake inthe residential market of the city.Out of the total localities tracked,39 per cent noted a drop in theaverage capital values. This alsokept the City Index unchanged inthe Oct-Dec 2014 quarter. Therental market too, remained slow

-1%

Delhi,

Mum

bai 0%

Gurga

on,

Gha

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ad

1%Ben

galuru,

Noida

, Pun

e2%

Kolka

ta, C

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aiHyd

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Oct-Dec 2014

City Index Percentage Change

Locality RankQ3 Q2

Mumbai 1 1

Bengaluru 2 2

Pune 3 3

Hyderabad 4 5

New Delhi 5 4

Chennai 6 7

Kolkata 7 6

Gurgaon 8 8

Noida 9 10

Ahmedabad 10 -

Preferred Cities - Sale

Note: Q3 Oct-Dec 2014, Q2 Jul-Sep 2014

Preferred Cities - Rent

Locality RankQ3 Q2

Bengaluru 1 2

Mumbai 2 1

Pune 3 3

New Delhi 4 4

Chennai 5 5

Hyderabad 6 6

Gurgaon 7 7

Kolkata 8 8

Noida 9 10

Ahmedabad 10 -Note: Q3 Oct-Dec 2014, Q2 Jul-Sep 2014




03VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

with over 60 per cent localitiesrecording either a drop or nochange in the average rentalvalues.

Hyderabad City Index and theListed Price Monitor recorded arise of 2 and 3 per cent,respectively. The increase in theCity Index value was primarilyattributed to increase in theaverage capital values in areaswith maximum active properties.Unlike the capital market, therental market remained slow. Over55 per cent localities in the cityrecorded a drop between 2-8 per cent in the average rentalvalues. Gachibowli, Kondapur,Kukatpally and Hitec Cityremained the preferred locationsfor both sale as well as rent in thecurrent quarter.

Kolkata City Index rose by 2 per cent. This was primarilyattributed to rise in the averagecapital values in over 60 per cent ofthe tracked localities in the city.The 1 and 4BHK units witnessed arise in demand while othercategories noted a drop. Maximumrise was recorded in 1BHK unitsacross the region in the last sixmonths. Properties worth Upto Rs 20 lakh witnessed an increasein demand by 1-6 per cent acrossthe region, except in West Kolkata.

The Noida City Index rose by 1 per cent in the Oct-Dec 2014quarter. In the last 15 months,

Noida market remained stablewith 0-1 per cent change in theCity Index and the Listed Pricemonitor. This was primarily on theback of almost no change in theaverage capital values in the city.On the other hand, rental marketnoted a subdued trend. Over 65 per cent of the total localities inthe city noted a drop in rentalvalues between 1-7 per cent in thecurrent quarter.

The Mumbai City Index droppedby 1 per cent in the Oct-Dec 2014quarter as opposed to the previousquarter where it increased by 4 per cent. Rise in the averagecapital values between 0-7 per centand drop in supply by 6 per centkept the City Index positive by just1 per cent. With one fourth of totalsupply of the city, Kharghar inNavi Mumbai, Mira Road, AndheriWest and Kandivalli West in theWestern Suburbs and GhodbunderRoad in Thane were the mostactive residential destination inthe city.

Pune residential marketwitnessed a consistent rise of 1 per cent in the City Index valuequarter-over-quarter, in the pastone year. Over 45 per cent of thetotal demand for properties in thecity was concentrated in WestPune, followed by 29 per cent inEast Pune. Though high demandwas noted in West Pune, butmaximum supply was recorded inEast Pune.

Upto Rs 20 Lakh Rs 20-30 Lakh Rs 30-50 Lakh Rs 50-70 Lakh Rs 70-100 Lakh Rs 1-2 Crore Rs 2 Crore & Above

National - Consumer Budget Preference30%

25%

20%

15%

10%

5%

0%3%

9%

29%

21%15%

14%9%

TOP YIELD GROSSERS

Gross yield is a ratio of average annualrental value to the average capital valueof the property. Given below are the topyield-grossing localities in each city.

Locality Gross Yield

Bengaluru, Chandapura 5.42%Kolkata, Tollygunge 4.76%Hyderabad, Gachibowli 4.66%Chennai, Navalur 4.27%Pune, Mundhwa 4.04%Ahmedabad, Prahlad Nagar Extn 4.01%Delhi, Govindpuri 3.99%Ghaziabad, Shakti Khand 3 3.62%Mumbai, Kanjur Marg East 3.54%Noida, Sector-121 3.16%Gurgaon, Sector-69 2.59%

CAPITAL GAINS

The table given below indicates maximumincrease in capital values in each city.

Locality % Change

Kolkata, Ballygunge 9.65%

Bengaluru, Hennur Main Road 10.75%

Ahmedabad, Chandkheda 9.03%

Ghaziabad, Govindpuram 6.80%

Chennai, Adyar 6.70%

Mumbai, Vashi 6.65%

Pune, Mundhwa 8.91%

Hyderabad, Attapur 5.69%

Delhi, Model Town 6.16%

Noida, Sector-143 B 5.34%

Gurgaon, Sector-84 8.02%



DELHI 04VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

PROPINDEX - DELHI

East Delhi high on buyerpreference The year began on a positive note forDelhi with the Listed Price witnessing arise of 1 per cent. However, thepositives ended there. The year 2014for Delhi realty was a period of lullwhen the market dynamics did notfavour both buying as well as selling.

While there was enthusiasm over theland pooling policy in the beginning ofthe year, it lost steam as the yearprogressed. Lack of clarity and thegeneral consensus of industry expertsthat it was too early to invest in thesame, resulted in a drop in interest.

As opposed to the previous years whenlocalities in South Delhi were preferredby buyers, 2014 witnessed the revivalof other zones. West Delhi sawincreased buyer demand. Sectors ofDwarka and Uttam Nagar figuredconsistently at the top of the list ofpreferred residential options. Even theeastern parts of the city such as LaxmiNagar and Vasundhara Enclave havewitnessed increased demand.

Another reason for the slow uptake inthe market was the mismatch betweenthe demand and supply in the city.While buyers were looking forproperties in the range of Rs 40 lakh toRs 1 crore, supply was largely inclinedtowards properties priced above Rs 1 crore. Even in the Oct-Dec 2014quarter, nearly 65 per cent supply wasfor properties priced above Rs 1 crore.

Also, with several affordable optionsnow available across NCR, buyersseem to be opting for these. Earlier,connectivity was the prime reason thatheld back buyers from moving to theNCR areas inspite of lower prices. Withease of connectivity, whether fromNoida, Ghaziabad or Gurgaon, thetrend is gradually shifting. In fact, evenGurgaon, which is the most expensiveamong NCR options, is now offeringaffordable options.

For almost a year the city has not hada stable state government. With theelections looming large in the city,buyers are expected to wait till the citygets a Chief Minister. However, whetherit would bring any resurgence in themarket is something we need to waitand watch.

Magicbricks Bureau

The City Index continued to drop in the Oct-Dec 2014 quarter aswell. A drop of 1 per cent was noted as opposed to the 3 per centfall noted in the previous quarter. Falling capital values alsoarrested the growth of the Listed price Monitor, which recordeda drop of 2 per cent.

l In the last three quarters, DelhiCity Index dropped by 9 per cent. This was primarilyon the back of the drop inaverage values and growinginventory, mainly in the singlefloor units category

l On an average, Delhi residentialmarket witnessed no rise invalues in the Oct-Dec 2014quarter. Over 55 per cent of thetracked localities noted a drop inthe average capital values. Thishas pushed the Listed PriceMonitor down by 2 per cent

l In the rental market, close to 50 per cent of the total localitiestracked in the city recorded adrop of 1-10 per cent, in theaverage rental values

l In comparison to demand, 3BHKand above units continued to seeoversupply in the market. Largesized units of 4BHK and abovein the southern regionwitnessed maximum oversupplyof over 25 per cent, followed bywest by over 15 per cent

l Properties worth Rs 1 crore andabove noted quarter-over-quarter drop in demand and

supply in the past threequarters. East Delhi recordedthe maximum drop, wheredemand and supply dropped byover 10 per cent

l Properties valued upto Rs 1 crore witnessed robustdemand with smallimprovement over the lastquarter, however, supplyremained unchanged

l Demand outstripped supply inresidential houses and plotsacross the city, whereas, aninverse trend was recorded forapartments. The city witnessedoversupply in the single floorunits, while multi-storeyapartments continued to seerobust demand

l Delhi offered one of the lowestrental returns with over 50 per cent localities in the cityyielding returns between 1.20 -2.0 per cent

l In West Delhi, localities such asDwarka, Uttam Nagar andJanakpuri offered maximumnumber of apartments (multi-storey and single floors) in thecity in the current quarter

Key Takeaways

E d i t o r i a l


DELHI05VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

l The capital market in Delhi continued to post anegative trend with over 55 per cent of localitiesrecording a drop in values in the Oct-Dec 2014quarter

l The drop was in the range of 1-5 per cent withlocalities such as Kalkaji, Panchshila Park, DwarkaSectors 10, 11, 19 and 22 recording a fall in values

l A marginal rise of 1 per cent was noted in thecurrent quarter in localities such as IndraprasthaExtension and Dwarka

l Other major localities that recorded no change incapital values in the last three months includeDefence Colony, Saket, Greater Kailash-II andDwarka Sector-12

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

Mayur Vihar Ph-I 13.50 13,160 1.23%Malviya Nagar 23.00 11,635 2.37%Vasant Kunj 24.75 14,155 2.10%Greater Kailash I 34.75 18,570 2.25%Greater Kailash II 27.00 19,715 1.64%Kalkaji 24.25 13,715 2.12%East of Kailash 25.25 17,020 1.78%Dwarka Sector-6 12.50 8,930 1.68%Indraprastha Extn 19.50 11,790 1.98%Govindpuri 16.75 5,040 3.99%

Y I E L D M E T E R

l The Magicbricks yield meter clocked rentalreturns in the range of 1.23-3.99 per cent in theOct-Dec 2014 quarter as compared to the 1.5-3.6 per cent recorded in the previous quarter

l With high capital as well as rental values, MayurVihar Phase-I recorded the lowest yield for the Oct-Dec 2014 quarter at 1.23 per cent

l High rental values (Rs 16.75 per sq ft per month)and relatively lower capital values (Rs 5,040 per sq ft) ensured high yield of nearly 4 per cent inGovindpuri, becoming the highest grosser

l Localities such as Malviya Nagar, Greater Kailash-I and Vasant Kunj continued to record a yield ofmore than 2 per cent

RENT MON I TOR

l The rental market in the capital city remainedsubdued with nearly 60 per cent localities recordinga drop in values in the Oct-Dec 2014 quarter

l A drop of 1-6 per cent was noted in localities such asHauz Khas, Safdarjung Enclave, Dwarka Sectors 6,11 and 12 and Panchshila Park

l Almost 30 per cent of the tracked localities,particularly in South Delhi, also recorded a rise inrental values in the current quarter

l Defence Colony, Greater Kailash-II, Green Park andMalviya Nagar noted a rise of 2-8 per cent in rentalvalues during the current quarter with DefenceColony clocking the highest rise

-2Source:Magicbricks.com Source:Magicbricks.com



RENT

Note: Q3 Oct-Dec 2014,Q2 Jul-Sep 2014

Locality Rank Capital %ageQ3 Q2 Values change

Dwarka 1 2 7970 to 9840 2%

Uttam Nagar 2 1 3800 to 4860 7%

Defence Colony 3 4 26850 to 35110 3%

Vasant Kunj 4 3 12930 to 16350 2%

Saket 5 6 16350 to 20860 3%

Rohini 6 10 9790 to 12890 0%

Janakpuri 7 5 10490 to 13710 1%

Paschim Vihar 8 8 10140 to 12680 1%

Pitampura 9 - 10580 to 13090 0%

Mayur Vihar Ph-I 10 7 11930 to 15380 1%

SALE


PREFERRED LOCALITIES

l Dwarka regained its position as the most preferredlocality for sale, though recording the lowest capitalvalues among the top ten localities

l With values as low as Rs 3,800-4,860 per sq ft, UttamNagar remained one of the most preferredresidential localities for sale, even though it droppedone position from the previous quarter

l Defence Colony and Saket moved up one positioneach to settle at the third and fifth positions,respectively

l Rohini was the biggest gainer and moved up fourspots from the tenth to settle at the sixth position

l Janakpuri and Mayur Vihar Phase-I recorded a dipin preference, with Janakpuri dropping two slots tosettle at seventh and Mayur Vihar at the tenth fromthe seventh position

l Pitampura was a new entrant in the list, settling atthe ninth position and offered properties in therange of Rs 10,580-13,090 per sq ft

l Saket was the most preferred residential locality forrented accommodation in the Oct-Dec 2014 quarter,with average rental values varying from Rs 24,000-32,500 per month

l Dwarka moved up two spots to settle as the secondmost preferred locality for rent. A drop of 4 per centin values might be the reason for this preference

l Defence Colony and Kalkaji improved their standingto settle at the fourth and seventh spots, respectively

l Mayur Vihar Phase I recorded the highest drop inthe current quarter, from the top spot in the Jul-Sep 2014 quarter to the sixth position

l Safdarjung Enclave was a new entrant during theOct-Dec 2014 quarter, with rental value within Rs 25,000-33,000 per month

l Sarita Vihar and Janakpuri were at the ninth andtenth spots, respectively, where Sarita Vihar was atseventh and Janakpuri at ninth position in theprevious quarter

Uttam Nagar East, Mehrauli, Badarpur, Mohan Garden

Home in your Budget

Upto Rs 20 Lakh

l Localities such as DefenceColony, Greater Kailash, Saket,Vasant Vihar and Vasant Kunjoffer premium properties worthRs 2 crore and Above

l Different sectors of Dwarkasuch as Sectors 4, 5, 6, 10, 12, 19and 22 mostly offer propertiesworth Rs 1-2 crore

l Affordable properties worthUpto Rs 20 lakh were availablein Uttam Nagar East, Mehrauli,Ghitorni and Narela

Uttam Nagar, Khanpur, Mahavir Enclave Part 1Rs 20-40 Lakh

Dwarka, Rohini Sector 24, Chhattarpur, Hari NagarRs 40-100 Lakh

Dwarka Sector 4, 5, 6, 10, 12, 19,22, Indraprastha Extn Rs 100-200 Lakh

Defence Colony, Greater Kailash 1& 2, Saket, Vasant KunjRs 2 Crore & Above

Locality Rank Rental %ageQ3 Q2 Values change

Saket 1 2 24000 to 32500 1%

Dwarka 2 4 10500 to 13500 -4%

Vasant Kunj 3 3 22500 to 29000 -1%

Defence Colony 4 6 41000 to 55000 8%

Malviya Nagar 5 5 21000 to 26500 2%

Mayur Vihar Ph-I 6 1 20000 to 25500 -10%

Kalkaji 7 8 22000 to 28500 -2%

Safdarjung Enclave 8 - 25000 to 33000 -5%

Sarita Vihar 9 7 17000 to 21000 0%

Janakpuri 10 9 15000 to 19500 3%

Source:Magicbricks.com Source:Magicbricks.com



60

40

20

0<20 20-40 40-100 100-200 200 &

above

2Figures in percentage(%)

Figures in Rs lakh

4

27 2934 36

19 17 1814

(Jul-Sep 2014)(Oct-Dec 2014)

Budget wise Analysis - City Level

DEMAND

60

40

20

0<20 20-40 40-100 100-200 200 &

above


Figures in Rs lakh

713 14 14 14

25 26

4239


SUPPLY

Budget wise Analysis

l A significant mismatch was notedin the demand and supply ofdifferent budget ranges. Whiledemand (65%) was skewed towardsproperties priced at Rs 20 lakh toRs 1 crore, supply (65%) was for theRs 1 crore and Above category

l Supply in the Rs 20 lakh to Rs 1 crore lagged demand by over35 per cent while supply in thepremium categories (Above Rs 1 crore) led demand by nearly 35 per cent

DEMAND - S UPP LY ANALYS I SSupply in the market continued to be inclined towards larger and premium properties in the Oct-Dec 2014 quarter, as observed in the previous quarter. Properties priced above Rs 1 crore were inmaximum supply with 65 per cent availability. Both demand and supply for affordable propertiespriced Upto Rs 20 lakh was limited.

The market preference for premium homes was seen in the demand and supply of BHK units. The3BHK category was the most supplied while demand was more for 2BHK units. Apartmentscontinued to be the most preferred category even though independent houses gained popularity inthe last few quarters. However, supply was skewed towards apartments.

Property wise Analysis

l At 72 per cent demand, apartmentsremained the most preferredcategory at the city level. However,supply at 89 per cent led demand by17 per cent, as observed in theprevious quarter

l Residential houses were the secondmost preferred category at the citylevel, with 17 per cent demand.This was a rise of 2 per cent fromthe previous quarter. Supply stoodstable at 7 per cent

BHK wise Analysis

l The most preferred BHK categoryin Dehli was 2BHK units with morethan 45 per cent demand. However,supply at 24 per cent, laggeddemand by 22 per cent in thecurrent quarter

l The highest supply in the city wasnoted for the 3BHK category with45 per cent availability. Demanddropped by 5 per cent in thesegment to settle at 31 per cent, 14 per cent lower than the supply

Property wise Analysis - City Level

100

80

60

40

20

0

75 72

15 17 10 11


Figures in percentage(%)

Apartment Residential House Residential Plot

DEMAND

BHK Configuration - City Level

60

40

20

0

1418

45 46

3631

5 5



1BHK 2BHK 3BHK 4BHK &above

DEMAND SUPPLY60

40

20

07 8

24 24

46 45

23 23




100

80

60

40

20

0

88 89

8 7 4 4




SUPPLY

Source:Magicbricks.comSource:Magicbricks.com



A slight shift was noted in buyer preferences in South Delhi in the Oct-Dec 2014 quarter.Demand shifted towards smaller units with 60 per cent of the demand concentrated for 1 and 2 BHK units. This was a rise of 7 per cent from the previous quarter. The increasedpreference for smaller units was also reflected in the marginal increase noted across allbudget ranges except the Rs 2 crore and Above category.

Demand and supply for different property types in South Delhi remained unchanged inthe last six months. Availability of plots remained the lowest in the zone at 3 per cent.

BHK wise Analysis


Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Rs <20 lakh

Rs 20-40 lakh

Rs 40-100 lakh

Rs 1-2 crore

Rs 2 crore and above

DEMAND SUPPLY

DEMAND SUPPLY

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Demand across different budget ranges moved up marginally exceptin the Rs 2 crore and Above category, which witnessed a drop from30 per cent in the last quarter to 24 per cent in the current quarter.However, supply led demand by a substantial 47 per cent

l The highest demand was noted for properties in the Rs 40 lakh to Rs 1 crore range. While demand was at 32 per cent, supply in thecategory was significantly low at 8 per cent

l A mismatch of 20 per cent was also noted between demand andsupply in the Rs 20-40 lakh range. While demand stood at 25 per cent,supply lagged at 5 per cent

DEMAND & SUPPLY - South Delhi


l As compared to the previous quarter, demand and supply forapartments stood almost unchanged in the Oct-Dec 2014 quarter.While demand at 73 per cent, supply was 87 per cent, registering amismatch of 14 per cent

l At 10 per cent availability, residential houses were the second mostsupplied category. However, demand (18%) led supply by 8 per cent.Demand and supply for residential houses remained almost stablesince the last quarter

l An undersupply of 6 per cent was noted for plots. While demand inthe category stood at 9 per cent, supply remained subdued andsettled at 3 per cent

BHK wise Analysis

l South Delhi witnessed a rise in demand for smaller housing units. Arise of 3-4 per cent was noted in the demand for 1 and 2BHK unitsforming 60 per cent of the total demand. Supply in these categorieswas far less at 20 per cent

l Demand for 3BHK units dropped by 7 per cent as compared to theprevious quarter. It settled at 33 per cent, 11 per cent short of theexisting supply in the segment

l A considerable oversupply was noted in the 4BHK and Abovecategory. Supply led demand by nearly 30 per cent. While demand inthe segment was 7 per cent, supply stood at 36 per cent

Q2 Q3

2522

3132

15 16

30 24Q2 Q3

11 13

72

8 8

Q2 Q3

73

17

73

18

Q2 Q3

86

10

87

10

Q2 Q3

43

40 33

17

7

39

14

7Q2 Q3

46

36

44

35

1514

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Apartment

Residential house

Residential plot

910

71

6





North Delhi recorded the lowest demand for apartments among all zones. However, at 64 per cent the category was still the most preferred in the zone. Demand inched up forboth independent houses and plots.

There is clear indication of buyer demand shifting towards smaller housing units. Dataindicates this may be attributed to budget limitations. Demand for properties in the rangeof Rs 20-40 lakh recorded 27 per cent as compared to the 20 per cent demand witnessed inthe last quarter. Demand for 1BHK units also grew by 3 per cent in the current quarter.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l The Rs 40-100 lakh category noted the maximum demand in the Oct-Dec 2014 quarter at 41 per cent. It was also the highest suppliedcategory with 28 per cent availability. Both demand and supplynoted a drop of 2 per cent in the current quarter

l A significant increase of 7 per cent was noted in the demand forproperties worth Rs 20-40 lakh. Demand in the category stood at 27 per cent while supply lagged at 20 per cent

l The rise in demand for affordable properties was also reflected inthe reduced demand for properties in the Rs 1-2 crore bracket.Demand dropped by 5 per cent to settle at 16 per cent in the Oct-Dec 2014 quarter

DEMAND & SUPPLY - North Delhi


l At 64 per cent demand, North Delhi had the least preference forapartments among all zones. A drop of 3 per cent was noted indemand during the Oct-Dec 2014 quarter. Supply in the category leddemand by more than 10 per cent

l At 18 per cent demand, independent houses were the second mostpreferred property type in the zone. However, as opposed to demand,supply in the category witnessed a drop of 3 per cent in the zone inthe current quarter

l Both demand and supply inched up for plotted development inNorth Delhi. Demand stood at 18 per cent, 2 per cent higher from theprevious quarter, while supply settled at 11 per cent

BHK wise Analysis

l The 2BHK category continued to be the most preferred category inNorth Delhi, recording a demand of 46 per cent. However, supplylagged by 11 per cent and stood at 35 per cent. No change was notedin the demand and supply of these units since the previous quarter

l A rise in demand was noted for smaller units of 1BHK. Demandinched up by 3 per cent from the Jul-Sep 2014 quarter to settle at 22 per cent. However, supply dropped by 2 per cent to settle at 14 per cent

l Larger units witnessed a drop in buyer demand. As compared to the31 per cent demand noted in the last quarter, it settled at 28 per centin the current quarter


Residential houses

Residential plot

Q2 Q3

2027

4341

21

15

16

11Q2 Q3

19 20

30

24

23

22

25

28

67

17

64

18

Q2 Q3

75 76

13

Q2 Q3

Q2 Q3

4646

22

31 28

19

Q2 Q3

33

35

31

35

16 20

16 14

1816 11916





Apartments continued to be the most preferred property type in the zone, constitutingnearly 95 per cent of the total supply in the market. However, demand for the categorywitnessed a slight drop of 5 per cent.

Units of 2BHK continued to be the most preferred in the zone, comprising of 50 per cent ofthe total demand. Supply in the category lagged by nearly 20 per cent. A similar mismatchwas noted in the demand and supply of 3BHK units wherein, demand lagged supply by 18 per cent. Demand rose for properties in the Rs 40-100 lakh range to settle at 38 per cent.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l West was the only zone in the city that recorded a drop in demandfor properties in the Rs 20-40 lakh category.

l Demand dropped from 36 per cent in the Jul-Sep 2014 quarter to 31 per cent in the current quarter. Supply stood stable at 21 per cent

l West was also the only zone to have recorded a rise in demand forproperties in the Rs 40-100 lakh category. Demand moved up by 5 per cent to settle at 38 per cent from the previous quarter. However,supply lagged by more than 20 per cent

l At 38 per cent, the Rs 1-2 crore category was the most supplied. Itrecorded an oversupply of 19 per cent in the current quarter

DEMAND & SUPPLY - West Delhi


l In West Delhi, most of the supply in the market was concentrated inthe apartment category. As observed in the last quarter, apartmentsformed 94 per cent of total supply in the zone. However, demanddropped by 4 per cent to settle at 77 per cent

l Independent houses witnessed a rise in demand from the previousquarter. It settled at 14 per cent as compared to the 12 per centdemand noted in the previous quarter. Supply, however, remainedsubdued in the current quarter

l Both demand and supply for plotted development remained low inthe Oct-Dec 2014 quarter. While demand inched up marginally tosettle at 9 per cent, supply was negligible at 2 per cent

BHK wise Analysis

l Both demand and supply for 2BHK units stood almost unchanged inthe Oct-Dec 2014 quarter as compared to the last quarter. Whiledemand stood at 49 per cent, supply dropped by 1 per cent to settle at30 per cent

l The 3BHK category continued to be the most supplied, as observedin the previous quarter. It formed almost 50 per cent of the totalsupply in the zone. Demand, however, dropped by 4 per cent to settleat 31 per cent

l The 1BHK category noted a rise in buyer interest. Demand in thecategory displayed a positive movement, moving up by 3 per centfrom the previous quarter to settle at 15 per cent


Residential house

Residential plot

Q2 Q3

36 31

33

208

198

38

Q2 Q3

38

12

38

11

1719

21 21

13

81

12

77

Q2 Q3

93 94

Q2 Q3

Q2 Q3

49

35 31

12 15

49

Q2 Q3

4948

30

1112

31

7

9 10

10

149





Both demand and supply for premium properties priced above Rs 1 crore saw a negativetrend in the current quarter. For instance, properties priced between Rs 1 -2 crore saw adrop of 5 per cent in demand while supply in the category dropped by 7 per cent. Eventhough the Rs 40-100 lakh category remained the most preferred with 37 per cent of thetotal demand, the Rs 20-40 lakh category was a close second at 34 per cent demand.

The 1BHK category also noted a rise in popularity as both demand and supply for thecategory saw a rise in the current quarter.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l Properties priced above Rs 1 crore saw a drop in demand in the Oct-Dec 2014 quarter. As compared to the 35 per cent demand notedin the previous quarter, it dropped by 10 per cent to settle at 25 per cent in the current quarter. Supply also witnessed a similardrop, settling at 55 per cent as compared to the 64 per cent recordedin the previous quarter

l Demand shifted towards the Rs 20-40 lakh budget range with a riseof 9 per cent. While demand stood at 34 per cent, supply was at 18 per cent

l Both demand (4%) and supply reminded low for the Upto Rs 20 lakhbudget range (8%). Supply saw a rise of 5 per cent

DEMAND & SUPPLY - East Delhi


l A gap of 17 per cent was noted between the demand and supply ofapartments in East Delhi. While demand dropped by 3 per cent tosettle at 72 per cent, supply inched up to settle at 89 per cent

l A healthy demand of 18 per cent was noted for independent housesas well. The category saw a rise of 2 per cent in demand ascompared to the last quarter. Supply, however, lagged by over 10 per cent in the current quarter

l Plotted development recorded a slight increase in demand settling at10 per cent. Supply, however, remained subdued at 4 per cent, asobserved in the last quarter

BHK wise Analysis

l Both 2 and 3BHK units recorded the same supply during the Oct-Dec 2014 quarter, forming 80 per cent of the total availability inthe market. However, demand in each category varied. Whiledemand led supply by almost 9 per cent for the 2BHK units, it laggedsupply by 13 per cent

l The 3BHK category witnessed a drop of 5 per cent in demand as itshifted towards smaller units with the 1BHK category recording arise. Demand moved up from 15 per cent in the last quarter to 20 per cent in the current quarter

l Demand remained almost negligible at 4 per cent for the 4BHK andAbove category while supply stood at 10 per cent


Residential house

Residential plot

Q2 Q3

2534

3837

20 15

15 10Q2 Q3

1118

2219

40 33

24 22

75

16

72

Q2 Q3

88 89

Q2 Q3

Q2 Q3

4950

2015

2732

Q2 Q3

4041

1012

40

7

40

109 818

7

10

8




GURGAON 12VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

PROPINDEX - GURGAON

The City Index remained unchanged in the Oct-Dec 2014 quarteras compared to the previous quarter where a drop of 1 per centwas noted. Drop in capital values across different localitiesarrested the growth of the Listed Price Monitor which rose byjust 1 per cent.

l In the past one year, GurgaonCity Index remained intactbetween minus 2 to plus 1 per cent. This was mainly onthe back of slow uptake in theresidential market of the city inthe current quarter

l Out of the total localitiestracked in the city, 39 per centnoted a drop in the averagecapital values. This also kept theCity Index unchanged in theOct-Dec 2014 quarter

l Rental market too, remainedslow with over 60 per centlocalities recording either a dropor no change in the averagerental values

l Rental returns in Gurgaon wererelatively low, in comparison toother parts of the country. Thegross yield ranged between 1.76-2.59 per cent

l Properties in the budget range ofRs 60-100 lakh and Rs 1-2 crorerecorded the maximum demandat 32 per cent each. Sohna Roadand Sushant Lok-1 were themost preferred investmentdestinations in these budgetranges in the current quarter

l Almost equal demand wasrecorded for 2 and 3BHK units at40-41 per cent. Whereas, supplywas 21 and 52 per cent,respectively

l Units of 1 and 2BHK recordedconsistent rise in demand in thelast three quarters. However,supply remained stable. Thelaunch of new affordablehousing scheme by HUDA isexpected to reduce the mismatchin the demand and supply in thecity, going forward

l New developing sectors inGurgaon (Sectors 80-92) were themost active residential marketsin the Oct-Dec 2014 quarter. Thisregion also recorded a rise inaverage capital values between1-4 per cent

l Most of the residential sectorsalong the Dwarka Expresswaywitnessed a drop of upto 5 per cent in the average capitalvalues.

l This region also recorded a dropof 11 per cent in the number ofactive properties in the Oct-Dec 2014 quarter over theprevious quarter

Key Takeaways

Gurgaon Realty TrendsGurgaon continues to retain its positionas one of the most important realestate market in the National CapitalRegion and the country. It has evolvedfrom being an extension of primeresidential areas of South Delhi to anindependent real estate market withheterogeneous development.

The prime reason for this evolution isthe emergence of Gurgaon as a majorcommercial hub with many nationaland international firms dropping anchorin the city. This trend has sustainedover the years, fueling correspondingdemand in residential, retail andhospitality segment.

In consonance with the overalleconomic scenario, the residentialmarket remained subdued over thepreceding year as reflected in thecapital values and transaction activity.The capital value remained stagnant inthe established prime residential areas.Similarly, the upcoming residentialcorridor along the Northern PeripheralRoad or Dwarka Expressway remainedsubdued on account of uncertaintyaround the completion timeline,another factor which deterred buyers.

In order to attract buyers, developersare offering attractive payment optionswhich help to reduce the financialburden. Such schemes also help toaddress the issue of increased financialpressure on buyer in case of delay.

The last quarter has seen positivemovement in capital values in a fewresidential micro markets of the newsectors towards eastern and southernquadrant of the city. Advent of theRapid Metro and extension should helpto firm up prices along its alignment.Further, projects which have bettervisibility in terms of completion timelineare likely to enlist more buyer interest.

The city has lagged its establishedmetropolitan cousins in overallinfrastructure. This issue is likely to getaddressed in future with the HaryanaGovernment working towards handoverof urbanised areas from HUDA toMunicipal Corporation of Gurgaon.

While residential markets in future arelikely to remain subdued, the sameshould see a positive movement as theeconomic activity picks up.

Magicbricks Bureau

Ed i t o r i a l


GURGAON13VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

l Almost 50 per cent of the total tracked localities inthe city recorded a rise in capital values in the Oct-Dec 2014 quarter

l The highest rise of 8 per cent was noted in sector 84.Other sectors which saw a rise in capital valuesincluded 47, 67, 70 and 82. A rise of 2-3 per cent wasobserved in these sectors

l Almost 38 per cent of the tracked localities saw adrop in capital values in the city during the Oct-Dec 2014 quarter

l Sectors 81 and 103 saw the highest drop of 3 per centin values. Other localities that saw a drop in valueswere sectors 51 and 83

L I S T ED PR I CE MON I TOR


Dlf City Phase V 23.25 13,140 2.12%Dlf City Phase IV 23.50 11,850 2.38%Sector-56 14.50 7,685 2.26%Sector-54 19.00 12,935 1.76%MG Road 23.75 12,130 2.35%Sector-52 12.75 7,435 2.06%Sector-69 13.25 6,140 2.59%Dlf City Phase II 21.75 12,210 2.14%Sector-57 14.75 8,310 2.13%Dlf City Phase I 17.75 10,170 2.09%

Y I E L D M E T E R

l The Magicbricks yield meter clocked returns inthe range of 1.76 to 2.59 per cent during the Oct-Dec 2014 quarter as compared to the 1.81 and2.75 per cent recorded in the Jul-Sep 2014 quarter

l Almost all tracked localities recorded more than 2 per cent rental returns in the city during the Oct-Dec 2014 quarter

l The highest rental returns were recorded in Sector 69 followed by DLF City Phase-IV (2.38%).High rental values and stable capital valuesensured healthy returns

l Other localities that recorded more than 2 per centreturns included MG Road, Sectors 52, 56, 57, DLF City Phase II and V

RENT MON I TOR

l Rental market in Gurgaon showed signs ofstabilising as values dropped in more than 50 per cent of the tracked localities

l A drop of 1-5 per cent was noted in differentlocalities. Localities such as Sector 55, DLF CityPhase III, Sushant Lok, Sector 52 and South Cityrecorded the highest drop of 4-5 per cent

l Other localities that recorded a drop of 2-4 per centwere Palam Vihar, Sector 47, Sohna Road, MG Roadand DLF City Phase IV

l Some localities also recorded a slight rise in rentalvalues. These included Vatika City, DLF City PhaseV and Sector 57

1%Source:Magicbricks.com Source:Magicbricks.com



Ashok Vihar, Sector 5, 99, 111, Bhondsi,

PREFERRED LOCALITIES

l Sohna Road continued to be the most preferredlocality for sale in the Oct-Dec 2014 quarter

l Golf Course Road also retained its position on thechart as the second most preferred locality eventhough it was the most expensive on the list (Rs 12,290-15,000 per sq ft)

l Sushant Lok and Sector 47 were new entrants in thelist this quarter. While Sushant Lok settled atnumber three, Sector 47 was at the ninth spot

l Palam Vihar, Golf Course Extension Road andSector 56 were at the fourth, fifth and sixth spotsrespectively. Capital values in these localities variedfrom Rs 7000-9500 per sq ft approximately.

l Dwarka Expressway and Nirvana Country retainedits spots at number eight and ten in the Oct-Dec 2014quarter as well

l Low capital values (Rs 4790 to 6340) pushed Sector 82to the seventh spot as compared to the ninth slot itoccupied last quarter

l Sohna Road and Golf Course Road were the toppreferred localities for rented accommodation,retaining their spots since the last six months

l MG Road was a new entrant in the list at numberthree. The locality offered properties on an averagemonthly rental of Rs 21,500-27,500

l A drop of 3-5 per cent in rental values pushed uppreference for Palam Vihar and Sushant Lok-I,respectively

l Both Palam Vihar and Sushant Lok-I moved up fourpositions this quarter to settle at number four andfive, respectively

l On the other hand, DLF City Phase II and IIIdropped four slots in the Oct-Dec 2014 quarter tosettle at number 8 this quarter. Phase III also moveddown two slots to number seven

l Sector 14 was a new entrant in the list at numberten. Rental values in the locality varied from Rs 19,500-26,000 per month

Home in your Budget

Upto Rs 40 Lakh

l Sohna Road and phases of DLFCity offer maximum supply ofpremium properties worth Rs 2 crore and Above

l Properties in the mid-segmentpriced between Rs 40-60 lakhwere mostly available inSectors 2, 92, 95, Garden Cityand Laxman Vihar

l Affordable properties worthUpto Rs 40 lakh were availablein Ashok Vihar, Sectors 5, 111and New Palam Vihar

Sector 2, 92 & 95, Sohna, Garden City, Laxman ViharRs 40-60 Lakh

Sector 69, 70, 77, 81, 82, 83, 86, 89Rs 60-100 Lakh

Sohna Road, Sector 51, 56, 57, 66, 67, 71, 81Rs 100-200 Lakh

Golf Course Road, Sushant Lok 1, Sohna RoadRs 2 Crore & Above

RENT



Sohna Road 1 1 7610 to 9840 -1%

Golf Course Road 2 2 12290 to 15000 1%

Sushant Lok 1 3 8480 to 11100 0%

Palam Vihar 4 3 7410 to 9220 1%

Golf Course Extn Road 5 6 7710 to 9590 0%

Sector-56 6 4 7110 to 8720 -2%

Sector-82 7 9 4790 to 6340 3%

Dwarka Expressway 8 8 4660 to 6120 -1%

Sector- 47 9 - 8130 to 10260 3%

Nirvana Country 10 10 8430 to 10250 0%

SALE



Sohna Road 1 1 14000 to 17500 -3%

Golf Course Road 2 2 20500 to 27000 5%

MG Road 3 - 21500 to 27500 -2%

Palam Vihar 4 8 13500 to 17500 -3%

Sushant Lok-I 5 9 17000 to 22500 -5%

Sector-56 6 3 13000 to 17000 0%

DLF City Phase III 7 5 19500 to 26000 -5%

DLF City Phase II 8 4 19500 to 25500 1%

DLF City Phase V 9 10 21000 to 27000 2%

Sector 14 10 - 14500 to 19500 12%




l The budget range of Rs 40-60 lakhand Rs 60-100 lakh witnessed anincrease in demand in the currentquarter. Demand grew by 3 percent for properties priced at Rs 40-60 lakh while there was anincrease of 8 per cent for the latter

l Premium properties priced aboveRs 1 crore saw a drop in demand.As compared to the 61 per centdemand noted in the last quarter, itdropped to 49 per cent in thecurrent quarter

DEMAND - S UPP LY ANALYS I SThe current quarter witnessed a shift in buyer demand towards smaller and more affordableproperties. As opposed to the previous quarter, where 3BHK units were the preferred choice,2BHK units recorded the highest demand of 41 per cent in this quarter. However, supply, was stillinclined towards 3HK units.

As far as budget ranges were concerned, demand shifted away from the premium segment.Properties priced between Rs 1-2 crore saw a drop of 5 per cent in demand while those pricedabove Rs 2 crore recorded a considerable drop of 9 per cent. However, supply was still the highestin the Rs 1-2 crore range posting a rise of 5 per cent from the last quarter.


l A drop in demand for apartmentswas noted at the city level inGurgaon. Even though it remainedthe most preferred category,demand settled at 68 per cent asopposed to the 71 per cent noted inthe previous quarter

l Even though supply was low forresidential houses at 6 per cent,demand for the same grew by 4 per cent to settle at 16 per cent inthe current quarter. A similardemand was also noted for plots

BHK wise Analysis - City Level

l Demand shifted towards the 2BHKcategory in the Oct-Dec 2014quarter. It grew from 34 per cent inthe last quarter to settle at 41 percent this quarter. This was similarto the demand recorded for 3BHKunits, which witnessed a drop of 9 per cent

l Supply, however, remained low for2BHK units, lagging demand byalmost 20 per cent. On the otherhand, an over-supply was noted for3BHK units

50

40

30

20

10

0<40 40-60 60-100 100-200 200 &

above


Figures in Rs lakh

9 811

24

3237

32

25

16



DEMAND

50

40

30

20

10

0<40 40-60 60-100 100-200 200 &

above


Figures in Rs lakh

4 68

25

31 34 3730

20


SUPPLY


60

40

20

05 8

34

40

5041

11 11




DEMAND SUPPLY60

40

20

02 2

21 21

51 52

26 25





100

80

60

40

20

0

71 68

12 1617 16




DEMAND100

80

60

40

20

0

80 81

7 6 13 13




SUPPLY





Buyer preferences shifted towards 2BHK units as opposed to the demand noted for 3BHKunits last quarter. A rise of 10 per cent was noted in the demand for 2BHK units whichsettled at 47 per cent. Drop of 10 per cent in demand recorded for premium propertiespriced Rs 1-2 crore also reflected the same.

Apartments continued to be the preferred property type in Sohna Road with 78 per centdemand and 82 per cent supply. While demand in the category recorded a drop of 2 per cent from the last quarter, supply grew by 11 per cent.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l Both demand and supply witnessed a positive trend for the Rs 40-60lakh category. While demand in the category saw a rise of 7 per centto settle at 33 per cent, demand inched up by 2 per cent to settle at 27 per cent

l A drop in demand was noted for premium properties priced aboveRs 1 crore. As compared to the 50 per cent demand recorded in thelast quarter, a drop of 10 per cent was noted in the current quarter

l Demand in the Upto Rs 40 lakh category witnessed a rise of 4 per cent while supply dropped by 11 per cent to settle at 14 per cent,matching demand in the category

DEMAND & SUPPLY - Sohna Road


l Apartments dominated demand in Sohna Road. However, ascompared to the last quarter, it fell by 2 per cent to settle at 78 per cent. Supply, on the other hand, recorded a rise of more than10 per cent

l Demand for residential houses saw a marginal rise of 3 per cent inthe current quarter to settle at 12 per cent. Supply was lower thanthe last quarter, dropping by 2 per cent to settle at 3 per cent

l Supply also dropped for plots, wherein a drop of 9 per cent wasnoted as compared to the last quarter. It settled at 15 per cent.Demand for the same was at 10 per cent

BHK wise Analysis

l A rise of 10 per cent was noted in the demand for 2BHK units in thecurrent quarter. With 47 per cent demand, it was the most preferredcategory. However, supply fell short by 19 per cent

l Increase in demand for 2BHK units was reflected in a drop in thedemand for 3BHK units. As compared to the 47 per cent demandnoted last quarter, it dropped to 35 per cent in the current quarter

l An oversupply of 12 per cent was noted in the larger formats (4BHKand Above). While demand stood at 7 per cent, supply inched up 2 per cent from the last quarter to settle at 19 per cent

Q2 Q3

2733

26

17

33

13

1511

13 12

Q2 Q3

2926

25

16

27

18

Q2 Q3

80 78

Q2 Q3

7182

Q2 Q3

3547

37

7

47

7Q2 Q3

4951

27

17 19

28

14

128


Residential house

Residential plot

9

11 10 24 15

9

25

12

11





Premium properties priced above Rs 1 crore lost the interest of buyers in the Oct-Dec 2014quarter. As opposed to the 50 per cent demand noted last quarter, demand dropped to 40 per cent in the current quarter.

The 2BHK category remained the most preferred. While demand stood at 52 per cent,supply lagged by more than 25 per cent. Supply was also found to be short for smaller1BHK units which recorded a deficit of 6 per cent in availability. Demand and supply forresidential houses was at par, while a 4 per cent shortfall was noted for plots.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Demand inched up by 2-5 per cent for properties priced Upto Rs 1 crore. For instance, demand in the Upto Rs 40 lakh categorysettled at 13 per cent, 3 per cent higher than the last quarter. Thehighest rise of 5 per cent was noted in the Rs 40-60 lakh range

l A significant drop of 10 per cent was recorded for properties in theRs 1-2 crore range. While demand stood at 25 per cent, supply for thesame dropped marginally to settle at 37 per cent

l Premium properties priced above Rs 2 crore were oversupplied by 10 per cent. While supply stood at 25 per cent, demand for thecategory was 15 per cent

DEMAND & SUPPLY - Old Gurgaon


l Demand and supply of apartments remained almost unchangedsince the last quarter. Demand was at 43 per cent while supplysettled at 48 per cent

l A rise was noted in the demand and supply of residential houses inthe Oct-Dec 2014 quarter. While demand moved up by 4 per cent tosettle at 30 per cent, supply settled at 29 per cent, 2 per cent higherthan the last quarter

• Buyer demand shifted away from plots as both demand and supplyin the segment noted a drop. At 27 per cent demand, it was a drop of4 per cent from the last quarter. Supply, too, dropped by 3 per cent tosettle at 23 per cent

BHK wise Analysis

l More than 50 per cent demand was noted for 2BHK units. However, adrop of 2 per cent was seen in the demand for the same. Supply inthe category remained unchanged at 25 per cent

l Demand for 3BHK units also witnessed a drop of 3 per cent in theOct-Dec 2014 quarter. However, supply in the category led demand by17 per cent

l An oversupply of 16 per cent was recorded for larger housing units(4BHK and Above). While demand was at 7 per cent, supply stood at23 per cent. Demand increased slightly for 1BHK units to settle at 12 per cent. However, supply lagged demand by 6 per cent

Q2 Q3

31

10

11

35

15 15

25

16

13

29

Q2 Q3

25

39

30 25

37

18

Q2 Q3

43

26

43

30

Q2 Q3

47

27

48

29

Q2 Q3

5254

29

10

32

12

Q2 Q3

25

44

25

46

2326

66


Residential house

Residential plot

31 27 26 23

6

77

7





Buyer preferences for premium properties priced above Rs 2 crore saw a drop in the Oct-Dec 2014 quarter. Demand moved from 32 per cent to 21 per cent. Supply in the marketalso followed a similar trend, dropping by 9 per cent. All other categories either registereda rise in demand or remained stable.

Demand dropped for 3BHK units in the current quarter even though it remained the mostpreferred category. It was also the most supplied, registering a rise of 5 per cent. As far asproperty type was concerned, apartments continued to be oversupplied in the quarter.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l A rise in demand was noted for properties priced at Rs 60-100 lakhduring the Oct-Dec 2014 quarter. Demand grew by 9 per cent to settleat 29 per cent. Supply lagged demand with a gap of 15 per centbetween demand and supply

l The Rs 1-2 crore category continued to be the most preferred with37 per cent demand. It was also the most supplied category with 42 per cent availability. This was a rise of 5 per cent from theprevious quarter

l A significant drop of 9 per cent was noted in the supply of premiumproperties priced at Rs 2 crore and above. Demand also dropped inthe segment by 11 per cent during the quarter

DEMAND & SUPPLY - New Gurgaon


l Demand for apartments saw a marginal rise of 2 per cent in the Oct-Dec 2014 quarter. It moved up from 64 to 66 per cent. Supply leddemand by 10 per cent to settle at 77 per cent. This was a rise of 7 per cent from the last quarter

l A moderate demand of 15 per cent was noted for residential houses.However, supply was far lower at 7 per cent. This was a drop of 4 per cent from the last quarter

l Both demand and supply dropped by 3 per cent for plotteddevelopment in the current quarter. While demand settled at 19 per cent, supply stood at 16 per cent in the quarter

BHK wise Analysis

l Even though a drop of 6 per cent was noted in the demand for 3BHKunits, the segment continued to witness maximum demand in thezone. Demand settled at 46 per cent in the Oct-Dec 2014 quarter.Supply grew by 5 per cent to settle at 55 per cent

l The 2BHK category, on the other hand, recorded a rise of 6 per centin demand to settle at 36 per cent. Supply lagged demand by21 per cent to settle at 15 per cent

l A drop of 7 per cent was noted in the supply of larger units (4BHKand Above). While supply settled at 28 per cent, demand stood at 11 per cent

Q2 Q3

3738

20

32 21Q2 Q3

42

37

11

47 38

14

64

14

66

15

Q2 Q3 Q2 Q3

70

11 777

Q2 Q3

52 46

12

36

11

30

Q2 Q3

5055

35

13

28

15


Residential house

Residential plot

22 19 19 16

29

6

6

7

8





Demand shifted from larger units towards more moderate options. This was reflected inthe increased demand for 2BHK units. Even the 1BHK category witnessed a slight rise of 4 per cent. However, supply in the market was still skewed towards larger properties withalmost 70 per cent of the total supply.

Premium properties priced above Rs 1 crore also witnessed a drop in demand this quarter.Demand shifted towards mid-range properties priced upto Rs 60 lakh, recording a rise of14 per cent. Apartments continued to be preferred with more than 75 per cent demand.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Buyer preference was inclined towards properties priced Upto Rs 60 lakh. As compared to the 20 per cent demand noted forthese properties in the last quarter, it grew to 34 per cent in thecurrent quarter

l Properties priced at Rs 60-100 lakh and Rs 1-2 crore witnessed a dropof 5-6 per cent in demand in the current quarter. While supplydropped by 5 per cent for the Rs 60-100 lakh category, it grew by thesame margin in the Rs 1-2 crore range

l Supply almost matched demand in the premium segment (Rs 2 croreand Above). While demand dropped by 3 per cent from the previousquarter to settle at 7 per cent, supply stood at 6 per cent

DEMAND & SUPPLY - Dwarka Expressway


l Apartments saw a drop of 6 per cent in demand in the currentquarter. It settled at 76 per cent as compared to the 82 per cent notedin the previous quarter. Supply remained almost stable at 93 per cent

l Demand for residential houses saw a slight rise of 3 per cent in thecurrent quarter to settle at 9 per cent. Supply for the same was ameagre 2 per cent

l A considerable mismatch of 10 per cent was noted between thedemand and supply of plots in the current quarter. Demand rose by3 per cent to settle at 15 per cent while supply was low at 5 per cent

BHK wise Analysis

l The 2 BHK category displaced 3BHK units as the most preferredcategory in the Oct-Dec 2014 quarter. Demand moved up by 5 per cent to settle at 46 per cent. Supply lagged demand by 16 per cent in the current quarter

l The 3BHK units witnessed a drop of 9 per cent in demand in thecurrent quarter. While demand settled at 39 per cent, supply wasmuch higher at 56 per cent, recording a gap of 17 per cent

l Larger units (4BHK and Above) were oversupplied in the zone by 5 per cent. Demand stood at 7 per cent while supply was at 12 per cent

Q2 Q3

36

33

13

19

287

30

Q2 Q3

44

30

9

35

39

8 6

Q2 Q3

8276

Q2 Q3

94 93

Q2 Q3

41

39

46

487

Q2 Q3

54 56

13

32

12

30

10


Residential house

Residential plot

12 15

6

899

9

8

7

16 11





Apartments continued to be the most preferred property type in the zone with very littleactivity recorded in the other categories. The budget of Rs 1-2 crore saw a drop of 7 per cent in demand to settle at 38 per cent in the current quarter. Supply in the categorywas way higher at 49 per cent. However, the premium category of Rs 2 crore and abovewitnessed a drop in both demand as well as supply.

Smaller housing units saw a rise in demand in the current quarter. Both 1 and 2BHK unitssaw a slight rise in demand while buyer interest dropped for larger formats.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Demand for properties priced at Rs 60-100 lakh witnessed anincrease of 11 per cent in demand in the Oct-Dec 2014 quarter. Itsettled at 28 per cent as against the 17 per cent recorded last quarter

l Demand for high end properties priced above Rs 1 crore witnessed adrop of 15 per cent in the current quarter. As compared to the 75 per cent demand noted in the last quarter, it dropped to 60 per cent in the current quarter

l Supply also witnessed a negative trend for the premium segment(Above Rs 1 crore), with a drop of 4 per cent. Supply of propertiespriced Upto Rs 60 lakh was almost negligible

DEMAND & SUPPLY - Golf Course Extension Road


l Apartments were the most active category in the zone with morethan 85 per cent demand and 95 per cent supply. While demandwitnessed a drop of 3 per cent in the current quarter, supply inchedup by 2 per cent

l Demand for residential houses saw a marginal growth of 2 per centto settle at 7 per cent while supply in the category was limited at 1 per cent. It was the least supplied category in the quarter

lBoth demand and supply for plots inched up marginally by 1 per cent each in the Oct-Dec 2014 quarter. While demand stood at 6 per cent, supply was at 4 per cent

BHK wise Analysis

l The 3BHK category was the most preferred in the zone with nearly50 per cent demand and 55 per cent supply. However, demand in thesegment witnessed a drop of 8 per cent from the last quarter

l Demand for 2BHK units grew by 7 per cent in the Oct-Dec 2014quarter. It settled at 33 per cent as compared to the 26 per cent notedin the last quarter. Supply, however, fell short by 14 per cent

l Demand in the 4BHK and Above category remained almost stablesince the last quarter at 14 per cent. Supply in the category droppedby 5 per cent to settle at 25 per cent

Q2 Q3

3845

29

17

22

28

Q2 Q3

4944

29

24

19

29

Q2 Q3

90 8793 95

Q2 Q3

Q2 Q3

57 49

15

26

14

33

Q2 Q3

51 55

30 25

18 19


Residential house

Residential plot

76

7





Buyers’ preference for smaller units witnessed a slight rise in the Oct-Dec 2014 quarter.For instance, 1BHK units recorded a marginal rise of 1 per cent in demand while the2BHK category recorded a rise of 5 per cent. However, supply in the market continued tobe inclined towards larger units with an oversupply of 18 per cent for the 3BHK and the4BHK and Above categories.

Properties price at Rs 60-100 lakh were the most preferred with 50 per cent demand notedfor the same. It was also the most supplied category with 56 per cent availability.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l A rise in demand was noted for properties priced upto Rs 60 lakh.Demand rose by 10 per cent to settle at 21 per cent, as compared tothe 11 per cent noted in the last quarter

l The Rs 60-100 lakh category saw a drop of 5 per cent in demand tosettle at 50 per cent. Inspite of the drop, it remained the mostpreferred category in the zone. Supply for the same inched up by 2 per cent to settle at 56 per cent

l Supply matched demand in the Rs 1-2 crore category. While demanddropped marginally to settle at 24 per cent, supply stood unchangedat 23 per cent

DEMAND & SUPPLY - New Developing Sectors


l Apartments formed more than 85 per cent of the total demand in theNew Developing Sectors and almost 95 per cent of the total supply.However, as compared to the last quarter, demand in the segmentsaw a drop of 7 per cent

l Demand inched up by 3 per cent for residential houses to settle at 6 per cent from the 3 per cent noted in the previous quarter. Supplywas almost negligible in the segment

l Supply of plots remained unchanged in the last six months. It stoodat 5 per cent while demand grew by 4 per cent to settle at 8 per cent

BHK wise Analysis

l The preference for 3BHK units witnessed in the last quarter shiftedtowards the 2BHK category in the Oct-Dec 2014 quarter. Demand for2BHK units moved up from 41 per cent to 46 per cent. Demand for3BHK units stood at 43 per cent

l Supply, however, was still inclined towards 3BHK units with over 55 per cent availability in the market. Supply for 2BHK units, on theother hand, stood at 32 per cent, 14 per cent lower than the demandin the segment

l A slight rise in demand was also noted for 1BHK units, even thoughsupply in the market was found to be negligible. No change wasnoted in the demand and supply of the 4BHK and Above units

Q2 Q3

5056

8

26 24

13

Q2 Q3

5654

19

23 23

18

9386

Q2 Q3

93 94

Q2 Q3

Q2 Q3

4146

50 4377

Q2 Q3

56

33

12

32

1254


Residential house

Residential plot

8

7

6

8





Supply of apartments witnessed a drastic fall this quarter with the market supply shiftingtowards plotted development. While demand for plots remained unchanged in the lastquarter, supply witnessed a considerable rise.

Premium properties priced at Rs 1 crore and above were oversupplied. While 10 per centdemand was noted for the same, supply for these properties settled at 40 per cent. Demandshifted towards mid-range properties priced upto Rs 60 lakh with over 55 per cent demand.This preference was also reflected in the rise in demand for 2 BHK units over 3BHK units.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l A significant rise was noted in the demand for properties in the mid-segment. While the Upto Rs 40 lakh category saw a growth of 13 per cent in demand (27%), the Rs 40-60 lakh range recorded a riseof 10 per cent

l However, supply of these mid range properties was much lower at 17 per cent, registering a shortfall of more than 40 per cent

l Demand dropped by 15 per cent in the Rs 60-100 lakh category. Ascompared to the 47 per cent demand noted last quarter. It settled at32 per cent this quarter. Properties priced above Rs 1 crore wereoversupplied by more than 30 per cent

DEMAND & SUPPLY - Manesar


l Apartments remained the most preferred property type in Manesarwith 69 per cent demand. However, a significant drop of 17 per centwas noted in the supply of the segment. It dropped from 82 per centin the last quarter to 65 per cent

l While demand for plots stayed unchanged at 22 per cent since thelast quarter, supply in the segment saw a considerable rise. It grewby 13 per cent to match demand at 22 per cent

l Supply for residential houses also witnessed a rise this quarter. Itgrew by 4 per cent to settle at 13 per cent. Demand remained almoststable in the last six months at 9 per cent

BHK wise Analysis

l The 3BHK units saw a considerable drop in both demand as well assupply in the Oct-Dec 2014 quarter. While demand dropped by 8 per cent to settle at 31 per cent, supply dropped by 25 per cent

l Larger housing formats (4BHK and Above) saw a rise in demandand supply. While demand moved up by 4 per cent, supply grew by 11 per cent

l The 2BHK category was the most preferred with nearly 50 per centdemand. This was a rise of 7 per cent from the last quarter. Supplyin the category also grew by more than 15 per cent to settle at 30 per cent

Q2 Q3814

4732

Q2 Q3

2620

56

43

Q2 Q3

70 6982

65

Q2 Q3

Q2 Q3

39 31

42

9

49

Q2 Q3

6742

17 28

14

30

27

32

13

22

11

14

13


Residential house

Residential plot

22 22 9

13

7

8

9

6

9

22

11

14




NOIDA-GHAZIABAD 24VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

PROPINDEX - NOIDA-GHAZIABAD

The Noida City Index rose by 1 per cent, while the GhaziabadCity Index remained unchangedthis quarter. The Listed PriceMonitor for both the cities also remained unchanged whereGhaziabad had seen a rise of 3 per cent in the Listed PriceMonitor and 1 per cent in the City index.

Noida-Greater Noida

l In the last 15 months, Noidamarket remained stable with 0-1 per cent change in the CityIndex and the Listed Pricemonitor, primarily on the backof almost no change in theaverage capital values in the city

l Over 65 per cent of the totallocalities noted a drop in rentalvalues with the maximum at 7 per cent in Sector 44

l Majority of the localities offeredrental returns of 2-3 per cent,higher than in Delhi andGurgaon but lower in Ghaziabad

l Over 65 per cent of total demandin Greater Noida was forproperties upto Rs 60 lakh,primarily in the affordable andmid-segment. Projects along theNoida-Greater-NoidaExpressway witnessed demandfor properties worth Rs 60 lakhand above at 63 per cent.

l New Developing Sectors (Sectors70-79 and Sectors 111-122)witnessed healthy demand forproperties in the range of Rs 40-60 lakh and Rs 60-100 lakhat 72 per cent

Ghaziabad

l Almost equal number oflocalities recorded a rise or dropin the average capital values,keeping the Listed PriceMonitor unchanged at 0 per cent

l Drop in active listings by 8 per cent and stable averagecapital values arrested thegrowth of the City Index,resulting in no change in values

l Over 45 per cent of ready-to-move-in options areconcentrated in Indirapuram,Vaishali, Vasundhara andCrossings Republik

l Indirapuram and CrossingsRepublik also offer maximumnumber of options in the rentalmarket, followed by Vaishali andVasundhara. A significant dropin the availability of propertieson rent by over 30 per cent wasnoted and the rental marketremained subdued in the Oct-Dec 2014 quarter

l Properties in the budget rangeof Rs 40-70 lakh recordedmaximum demand at 43 per cent, however, supplyremained short by 10 per cent

Key Takeaways

NCR: The affordablemarketsNoida, Greater Noida and Ghaziabadhave typically been the affordablemarkets of NCR, meeting the housingaspirations of many who wanted to livenear the capital city.

In Noida, properties in the Rs 60-100lakh category remained in demandthroughout the year. However, towardsthe second half of the year a gradualshift was noted towards moreaffordable properties in the range of Rs 40-60 lakh. Buyer sentiments alsoimproved in the later part of the year2014 since the formation of the ModiGovernment at the Centre.

Availability of ready properties orproperties nearing possession auguredwell for some Noida sectors such as73, 76 and 78.

Greater Noida has moved intoprominence in the past year owing toavailability of more affordable optionsand world class infrastructure that thesub-city offers. A plethora of factorssuch as affordability, ease ofconnectivity to Delhi and Noida,planned metro link, entertainmentoptions such as the night safari andFormula one tracks etc, have beenbeneficial for the city.

Commercial uptake in Noida as well asGreater Noida has also been towardsthe positive side in the year 2014,which again would give an impetus tohousing. Noida Extension has beenone of the most preferred localities dueto the innumerable options available atlower price points.

In fact, several subvention schemesthat were launched towards the lastquarter of the 2014 seem to have donewell for the realty market of both Noidaand Greater Noida. Built-up inventory inthe first two quarters of the yearcompelled developers to launch theseschemes.

Ghaziabad was the surprise package in2014. It has been the preferred choicefor those looking at ready propertieswithin a range of Rs 40-70 lakh. Infact, the older parts of the city such asLal Kuan and Shalimar GardenExtension saw rising buyer demand of4-5 per cent in capital values towardsthe last quarter of the year.

Magicbricks Bureau

Ed i t o r i a l


NOIDA-GHAZIABAD25VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

l Nearly 75 per cent of the localities in Noida saw arise in capital values. The Listed Price Monitorremained unchanged, as in the previous quarter

l Sector 121 registered the maximum rise of 4 per centin capital values in the current quarter and sector143 recorded a rise of 3 per cent

l A 2 per cent rise was noted in the capital values ofSector 50. Localities registering a rise of 1 per centin prices included Sectors 74, 76, 77, 78, 137 and 168

l Sectors 79, 93A, 119, 120 and 128 registered a drop of1-2 per cent in the Oct-Dec 2014 quarter. Propertyprices in Sectors 45, 100, 104, 110, 129 and 134remained unchanged

LISTED PRICE MONITOR - Noida


Sector-50 17.5 7790 2.70%Sector-82 13.5 6180 2.62%Sector-62 15.25 6120 2.99%Sector-61 16.75 7580 2.65%Sector-121 13 4935 3.16%Sector-93 15.5 7415 2.51%Sector-93B 17.5 7820 2.69%Sector-29 16.25 7935 2.46%Sector-119 11.5 4750 2.91%Sector-44 17.5 11275 1.86%

YIELD METER - Noida

l The Magicbricks Yield Meter ranged from 1.86-3.32 per cent in the Oct-Dec 2014 quarter ascompared to the 2.04-3.43 per cent recorded in theprevious quarter

l Sector 92 clocked the highest rental returns of 3.32 per cent in Noida in the current quarter,similar to the previous quarter,

l Sectors 50, 61, 62, 82 and 119 recorded healthyrental returns of 2.62-2.99 per cent in the Oct-Dec 2014 quarter

l Similar to the previous quarter, Sector 44 saw thelowest rental yield of 1.86 per cent. A considerabledrop of 7 per cent in rental values was recorded inthe locality

RENT MONITOR - Noida

l Over 50 per cent of the tracked localities registered adrop in rental values in the Oct-Dec 2014 quarter.Sector 44 registered the maximum drop of 7 per centin rental values

l Sectors 35 and 51 recorded a dip of 5 per cent inrental values while Sector 37 saw a drop of 4 per centin the present quarter.

l Sectors 52 and 82 were among the few localities thatregistered a rise in rental values in this quarter. Arise of 2 per cent was noted in both the localities

l Rental values in Sectors 25, 34, 50, 63, 93, 93B, 104,110, 120, 137 and Zeta 1 remained unchanged in thecurrent quarter




PREFERRED LOCALITIES - NOIDA

l Noida Extension retained its top position in the listof the top ten preferred localities for sale in the Oct-Dec 2014 quarter

l Sector 76 moved up three positions to settle at thethird slot in the list. The locality witnessed a rise of1 per cent in capital values in the current quarter

l Noida Expressway, Sector 50 and YamunaExpressway inched up one position each to settle atthe third, fourth and fifth slots, respectively

l Sector 78 moved up two positions while Sector 137inched up one position to settle at the sixth andseventh spots, respectively. A rise of 1 per cent wasnoted in the capital values of both the areas

l Alpha 1 and Zeta 1, Greater Noida, were the two newentrants in the top ten preferred localities for sale inthe current quarter

l Sector 100, Noida, retained its tenth spot in thecurrent quarter with the capital values remainingstable in the locality

l Sectors 50 and 62 retained the top two spots in thelist of the top ten preferred localities for rent in theOct-Dec 2014 quarter

l Sectors 61 and 82 interchanged their positions in thepresent quarter. While Sector 61 moved up oneposition to settle at the third slot, Sector 82 slippedone position to settle at the fourth

l Sectors 63 and 76 were the two new entrants in thetop ten preferred localities for rent in the currentquarter

l Sector 19 held on to its seventh position in thepresent quarter

l Sector 37 slipped three positions to settle at theeighth spot. A drop of 4 per cent was noted in therental values in the area

l Sector 29 was the new entrant in the list. A drop of 2 per cent was noted in rental values in the locality.Sector 52 slipped one position to settle at the tenthspot in the list

RENT



Noida Extension 1 1 2990 to 3650 0%

Sector-76 2 5 4840 to 5410 1%

Noida Expressway 3 2 2990 to 3640 0%

Sector-50 4 3 7190 to 8870 2%

Yamuna Expressway 5 4 2750 to 3470 0%

Sector-78 6 8 5080 to 5860 1%

Sector-137 7 6 4930 to 5530 1%

Alpha 1 8 - 3880 to 4170 3%

Zeta 1 9 - 3110 to 3880 0%

Sector-100 10 10 5800 to 6730 0%

SALE



Sector-62 1 1 14000 to 17500 0%

Sector-50 2 2 16000 to 20000 0%

Sector-61 3 4 15500 to 19000 -1%

Sector-82 4 3 12500 to 15500 2%

Sector 63 5 - NA NA

Sector 76 6 - 11500 to 14000 0%

Sector-19 7 7 18500 to 26000 10%

Sector-37 8 5 15000 to 19000 -4%

Sector 29 9 - 14500 to 19000 -2%

Sector-52 10 9 15000 to 19000 2%

Home in your Budget

Upto Rs 20 Lakh

l Properties worth Rs 1 croreand Above were available inSectors 44, 50, 93A, 93B, 104, 128and Chi-Phi

l Properties worth Upto Rs 40lakh were most common inSector 73, Noida Extension,Yamuna Expressway and FNG Expressway

l Sectors 3, 74, 76, 77, 78, 118 and134 recorded the highest supplyof properties worth Rs 40-100 lakh

Noida Extn, Yamuna Expwy, Omicron 3, Zeta 1, Sector 73Rs 20-40 Lakh

Noida Extn, Sector 3, 118, 134, 135, Omicron, Sector MURs 40-60 Lakh

Sector 74, 76, 77 78, 100, 119, 120 & 137Rs 60-100 Lakh

Sector 44, 45, 50, 93A, 93B, 104, 128, Chi-PhiRs 1 Crore & Above

Sector 73 & 150, Dadri Main Road, Pari Chowk, FNG Expwy




l About 60 per cent of the tracked localities inGhaziabad registered a rise in capital values in Oct-Dec 2014

l Govindpuram recorded the maximum rise of 7 per cent in capital values followed by ShaktiKhand-3 which saw a rise of 6 per cent

l Other localities which saw a rise in capital valuesincluded Vaishali, Raj Nagar Extension, MohanNagar and DLF Dilshad Extension. A rise of 2 per cent was noted in these areas

l Sahibabad saw a drop of 7 per cent in capital valuesin the present quarter, while Kaushambi recorded a4 per cent dip in property prices

LISTED PRICE MONITOR - Ghaziabad

Y I E L D M E T E R - G h a z i a b a d

l The Magicbricks Yield Meter ranged from 2.27-3.62 percent in the Oct-Dec 2014 quarter as compared to 2.26-3.48per cent in the previous quarter

l As observed in the previous quarter, Shakti Khand-3clocked the highest rental returns of 3.62 per cent, notinga rise of 10 per cent in the locality in the current quarter

RENT MONITOR - Ghaziabad

l About 40 per cent of the tracked localities inGhaziabad recorded a rise in rental values in theOct-Dec 2014 quarter

l Shakti Khand-3 registered the maximum rise of 10 per cent in rental values in the current quarter.Vasundhara (5%), Raj Nagar Extension (3%) andAhinsa Khand-1 (2%) were other localities that saw arise in rental values

l Abhay Khand saw a drop of 9 per cent in rentalvalues, while Kausambhi registered a drop of 4 per cent and Vaishali dipped by 2 per cent

l Rental values in Indirapuram, Crossings Republikand Neeti Khand-1 remained unchanged in the Oct-Dec 2014 quarter

l Neeti Khand-1, Indirapuram, Vaishali, RajNagar Extension and Vasundhara were otherlocalities that registered healthy rental returnsof 2.65-3.48 per cent

l Similar to the previous quarter, CrossingsRepublik saw the lowest rental yield of 2.27 per cent


Indirapuram 12.75 5205 2.94%Vaishali 13.00 5535 2.82%Vasundhara 11.00 4975 2.65%Crossings Republik 7.00 3695 2.27%Kaushambi 13.25 6075 2.62%Raj Nagar Extension 7.50 3245 2.77%Ahinsa Khand-1 12.75 5855 2.61%Shakti Khand 3 14.00 4645 3.62%Neeti Khand 1 13.50 4660 3.48%Neeti Khand 1 13.50 4660 3.48%




PREFERRED LOCALITIES - GHAZIABAD

l The top two positions in the list of the top tenpreferred localities for sale in Ghaziabad remainedunchanged in the Oct-Dec 2014 quarter. Propertyprices remained stable in Indirapuram while a riseof 2 per cent was noted in Vaishali

l Raj Nagar Extension and Vasundhara inched up oneposition each to settle at the third and fourth spots,respectively, in the current quarter

l Crossings Republik slipped two positions in thecurrent quarter to settle at the fifth slot. Capitalvalues dipped by 1 per cent in the locality

l Govindpuram held on to its sixth position in thepresent quarter. The capital values saw a rise of 7 per cent in the area

l While Kaushambi inched up one position, PratapVihar moved up two slots to settle at the seventh andeighth spots, respectively

l Sahibabad and Tronica City were the new entrantsto the list of the top ten preferred localities for sale

l The top six positions in the list of the top tenpreferred localities for sale in Ghaziabad remainedunchanged in the Oct-Dec 2014 quarter

l Rental values remained stable in Indirapuram andCrossings Republik in the present quarter

l A drop of 2 per cent was noted in rental values inVaishali while Kaushambi saw a dip of 4 per cent inthe current quarter

l Vasundhara and Raj Nagar Extension recorded anincrease of 5 and 3 per cent, respectively, in rentalvalues in the Oct-Dec 2014 quarter

l Sahibabad inched up one position in the presentquarter to settle at the ninth slot. Rental valuesdropped by 7 per cent in the current quarter

l Vaishali Sector 4, Niti Khand and Govindpuramwere the new entrants in the list of the top tenpreferred localities for rent in the Oct-Dec 2014quarter. Rental values increased by 7 per cent inGovindpuram

Lal Kuan, NH-24, DLF Ankur Vihar, NH-58, NH-91

Home in your Budget

Upto Rs 20 Lakh

l Vaibhav Khand, AhinsaKhand 1 & 2, Orange County,Kaushambi, Surya Nagar andAbhay Khand saw maximumsupply of properties worth Rs 70 lakh and Above

l Indirapuram offeredproperties in the range of Rs 40-100 lakh and Above

l Affordable properties weremostly available along theNH-24, NH-58 and NH-91 in thepresent quarter

Raj Nagar Extn, Vasundhara, NH-24, BhopuraRs 20-40 Lakh

Indirapuram, Crossings Republik, Vaishali, Vasundhara, Rs 40-70 Lakh

Indirapuram, Ahinsa Khand 1 & 2, Vaibhav KhandRs 70-100 Lakh

: Indirapuram, Vaibhav Khand, Kaushambi, Surya Nagar Rs 1 Crore & Above

RENT



Indirapuram 1 1 4740 to 6040 0%

Vaishali 2 2 5040 to 6420 2%

Raj Nagar Extn 3 4 3030 to 3640 2%

Vasundhara 4 5 4570 to 5710 -1%

Crossings Republik 5 3 3490 to 4060 -1%

Govindpuram 6 6 2490 to 3220 7%

Kaushambi 7 8 5580 to 6970 -4%

Pratap Vihar 8 10 3940 to 4890 1%

Sahibabad 9 - 3510 to 4510 -7%

Rajendra Nagar 10 - 4190 to 5230 0%

SALE



Indirapuram 1 1 11500 to 14500 0%

Crossings Republik 2 2 6500 to 8000 0%

Vaishali 3 3 12000 to 15000 -2%

Vasundhara 4 4 10000 to 13000 5%

Raj Nagar Extn 5 5 7000 to 8500 3%

Kaushambi 6 6 12000 to 15500 -4%

Vaishali Sector 4 7 - 13500 to 16500 NA

Niti Khand-Indirapuram 8 - 12500 to 14500 -7%

Sahibabad 9 8 9500 to 11000 10%

Govindpuram 10 - 7500 to 8500 -11%



l An oversupply of 15 per cent wasnoted in the Upto Rs 40 lakhcategory while properties worth Rs 40 lakh and above registered ashortfall of 12 per cent in the Oct-Dec 2014 quarter. Maximumdemand of 31 per cent waswitnessed for properties worth Rs 60-100 lakh

l Both Rs 20-40 lakh and Rs 60-100 lakh categories witnessedmaximum supply of 26 per cent inthe current quarter

DEMAND - S UPP LY ANALYS I S - No i d aMaximum demand was noted in the Rs 40-60 lakh and Rs 60-100 lakh categories while supply wasinclined towards the Rs 20-40 lakh and Rs 60-100 lakh categories in the Oct-Dec 2014 quarter. The2BHK units remained most demanded and supplied category in the present quarter, with supplyremaining stable at 41 per cent while its demand dipped by 5 per cent and stood at 48 per cent.

Both demand (32%) and supply (39%) for 3BHK units remained unchanged in the past six months.Demand for apartments dropped by 6 per cent in the current quarter while it increased forresidential houses and plots by 1 and 5 per cent, respectively.


l A drop of 6 per cent was noted inthe demand for apartments in theOct-Dec 2014 quarter while thesupply increased by 3 per cent.Demand for residential housesincreased marginally by 1 per centin the current quarter while itssupply dropped by 2 per cent

l Residential plots registered a riseof 5 per cent in the demand in thepresent quarter while its supplydipped marginally by 1 per cent


l Supply for 2BHK units remainedstable while its demand dropped by3 per cent. The category saw 48 per cent demand and 41 per centsupply. As observed in the previousquarter, supply for 3BHK led itsdemand by 7 per cent

l Supply of 1BHK category fell shortof its demand by 7 per cent in thecurrent quarter. On the contrary,supply of 4BHK and Above unitsled its demand by 7 per cent

50

40

30

20

10

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

above


Figures in Rs lakh

3

1820

28 2933 31

1917



DEMAND

50

40

30

20

10

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

above

9


Figures in Rs lakh

9

23 26 21 2325 26 22

16


SUPPLY


60

40

20

0

12 14

5148

32 32

4 6




DEMAND SUPPLY60

40

20

0

7 7

41 4139 39

13 13





100

80

60

40

20

0

7872

12 13 1015




DEMAND100

80

60

40

20

0

75 78

11 914 13




SUPPLY




Apartments remained oversupplied in the zone during the Oct-Dec 2014 quarter while ashortfall was noted in the supply of both residential houses and plots. Maximum demandwas noted for 2BHK units while supply was high for the 3BHK category.

Supply of 3BHK units led its demand by 12 per cent. The category saw 43 per cent supplyand 31 per cent demand. There was 54 per cent demand and 42 per cent supply for the2BHK category. The Upto Rs 20 lakh, Rs 20-40 lakh and Rs 60-100 lakh categories registeredan oversupply, while a shortfall was noted in the Rs 40-60 lakh category.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above


l A shortfall of 6 per cent was noted in both Upto Rs 10 lakh and Rs 20-40 lakh categories in the Oct-Dec 2014 quarter. The Upto Rs 20 lakh category registered merely 2 per cent demandagainst an 8 per cent supply

l Demand for the Rs 40-60 lakh category witnessed a rise of 6 per centwhile its supply increased marginally by 1 per cent. The categorysaw 31 per cent demand and 26 per cent supply, registering amismatch of 5 per cent

l Maximum demand (41%) and supply (46%) was noted for the Rs 60-100 lakh category. Demand for Rs 1 crore and Above categorymatched its supply at 12 per cent in the current quarter

DEMAND & SUPPLY - New Developing Sectors


l Demand for apartments in the zone remained stable at 89 per cent inthe Oct-Dec 2014 quarter while its supply increased by 4 per cent.Supply led demand by 7 per cent in the current quarter and stood at96 per cent

l A rise of 2 per cent was noted in the demand for residential houseswhile its supply dipped by 2 per cent. The category saw 6 per centwhile its supply was negligible at 1 per cent

l Both demand and supply of residential plots recorded a drop of 2 per cent in the Oct-Dec 2014 quarter. The category saw 5 per centdemand and 3 per cent supply

BHK wise Analysis

l As observed in the previous quarter, demand for 2BHK units led itssupply by 12 per cent in the Oct-Dec 2014 quarter. The category saw54 per cent demand and 42 per cent supply

l An oversupply of 11 per cent was noted in the 3BHK category. Therewas 31 per cent demand and 43 per cent supply

l Demand for 1BHK units was 12 per cent while its supply was 8 per cent, registering a mismatch of 4 per cent in the currentquarter. Supply of 4BHK and Above category led its demand by 4 per cent. The category saw 3 per cent demand and 7 per centsupply in the present quarter

Q2 Q3

3125

12

4341

14

1217Q2 Q3

11 8

25

41

12

46

26

14

Q2 Q3

5454

13

30

12

31

Q2 Q3

4341

42

7 7

42

9

DEMAND SUPPLY


Q2 Q3

89 89

Q2 Q3

92 96


Residential house

Residential plot

7

8

8

10

6





Supply of apartments increased by 7 per cent in the zone during the Oct-Dec 2014 quarterand stood at 90 per cent. Demand for the same was 83 per cent. Demand and supply forresidential plots dropped by 2 and 5 per cent, respectively.

Maximum demand (37%) and supply (39%) was noted for the Rs 60-100 lakh category inthe present quarter, followed by Rs 1 crore and Above category which saw 26 per centdemand and 28 per cent supply. Maximum demand of 44 per cent was noted for 2BHKunits while supply of the 3BHK units was high at 46 per cent.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above


l Supply of the Rs 1 crore and Above category witnessed a drop of 7 per cent while its demand dipped by 4 per cent in the currentquarter. The category saw 26 per cent demand and 28 per cent supply

l Demand for the Rs 60-100 lakh category was 37 per cent, a marginaldip of 1 per cent from the previous quarter while its supplyincreased by 7 per cent and stood at 39 per cent. Demand and supplyof the Rs 40-60 lakh category was matching at 22 per cent

l Supply of the Rs 20-40 lakh category fell short of its demand by 5 per cent. The category saw 13 per cent demand and 8 per centsupply in the current quarter

DEMAND & SUPPLY - Noida-Greater Noida Expressway


l A rise of 7 per cent was noted in the supply of apartments while itsdemand inched up by 1 per cent in the Oct-Dec 2014 quarter. Thecategory saw 83 per cent demand and 90 per cent supply, registeringa mismatch of 7 per cent

l Demand for residential houses increased marginally by 1 per centwhile its supply dipped by 2 per cent. A gap of 5 per cent was notedin the demand (7%) and supply (2%) of the category

l Supply for the residential plots dipped by 5 per cent in the zonewhile demand saw a decline of 2 per cent. The category registered 10 per cent demand and 8 per cent supply

BHK wise Analysis

l The 2BHK category registered a gap of 9 per cent in its demand andsupply. The category saw 44 per cent demand while its supply was 35 per cent

l An oversupply of 9 per cent was noted in the 3BHK category in thecurrent quarter. There was 37 per cent demand, a drop of 2 per centfrom the previous quarter while its supply dipped marginally by 1 per cent and stood at 46 per cent

l A shortfall in supply of 7 per cent was noted in the 1BHK category.Supply for the 4BHK and Above category led its demand 7 per cent.The category saw 15 per cent demand and 8 per cent supply

Q2 Q3

2219

30

38 37

11

26Q2 Q3

2217

9

35

32

28

39

87

Q2 Q3

45 44

739

9 11

378

Q2 Q3

47 46

16

32

15

35

DEMAND SUPPLY

DEMAND SUPPLY


Q2 Q3

82 83

Q2 Q3

8390


Residential house

Residential plot

12 10 13 8

13

6 7





Supply of apartments increased by 32 per cent and matched its demand at 78 per cent inthe Oct-Dec 2014 quarter. On the other hand, supply of residential houses and plotsrecorded a drop of 16 and 8 per cent, respectively.

The Rs 1 crore and Above category continued to remain oversupplied with 29 per centdemand and 64 per cent supply. Properties worth Rs 20-60 lakh recorded a shortfall of 33 per cent. Demand was high for the 2BHK units while supply was inclined towards3BHK units. An oversupply of 25 per cent was noted in the 4BHK and Above category.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above


l Similar to the previous quarter, an oversupply was observed in theRs 1 crore and Above category. There was 29 per cent demand and 64 per cent supply, registering a gap of 35 per cent

l Supply of the Rs 60-100 lakh category increased by 14 per cent in thecurrent quarter. The category saw 28 per cent supply while itsdemand was 30 per cent

l Demand for the Rs 40-60 lakh category was 23 per cent while itssupply was merely 4 per cent, registering a gap of 20 per cent. Asimilar mismatch was observed in the Rs 20-40 lakh category duringthe present quarter, where demand was 17 per cent while its supplywas 4 per cent

DEMAND & SUPPLY - Old Noida


l Old Noida witnessed increased supply of apartments overresidential houses and plots, however, no significant change wasrecorded in demand. Supply of apartments in Old Noida registereda significant rise of 32 per cent in the Oct-Dec 2014 quarter andmatched its demand at 78 per cent.

l Supply of residential houses dipped by 24 per cent in the currentquarter. The category saw 14 per cent supply and 12 per centdemand, a drop of 4 per cent from the previous quarter

l Demand for residential plots remained stable in the zone while itssupply dipped by 8 per cent. The category registered 10 per centdemand and 8 per cent supply in the zone in the current quarter

BHK wise Analysis

l A shortfall of 32 per cent was noted in the 2BHK category. Demandfor the category saw a marginal drop of 1 per cent and stood at 52 per cent while its supply was 20 per cent, a rise of 2 per cent fromthe previous quarter

l Supply of 3BHK units led its demand by 14 per cent. The categorysaw 32 per cent demand while its supply was 46 per cent in thepresent quarter

l Even though the supply of 4BHK and Above category dropped by 15 per cent, an oversupply of 25 per cent was noted in the currentquarter. The category saw 32 per cent demand while its supply was 7 per cent

Q2 Q3

23

31 30

24

28

16

29Q2 Q3

6477

1428

Q2 Q3

5253

33 732

Q2 Q3

32

32

46

47

18 20

DEMAND SUPPLY


Q2 Q3

74 78

Q2 Q3

46

78

381216 14 Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Apartment

Residential house

Residential plot

10 10 16 8

10 9

17





Apartments remained oversupplied while both residential houses and plots noted ashortfall in the zone during the current quarter. Maximum demand (51%) and supply(64%) was noted in the apartment category. Supply of Upto Rs 20 lakh and Rs 20-40 lakhcategory led its demand by 9 and 13 per cent, respectively.

An oversupply of 22 per cent was noted in properties worth Rs 40 lakh and Above.Demand (48%) and supply (46%) of 2BHK units remained unchanged. Supply for otherunits remained stable while demand dropped for 1 and 3BHK categories.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above


l Maximum demand of 34 per cent was noted in the Rs 40-60 lakhcategory while highest supply of 41 per cent was recorded in the Rs 20-40 lakh category. Properties worth Rs 1 crore and Above saw 13 per cent demand and 8 per cent supply

l Supply of Rs 60-100 lakh category fell short of its demand by 7 per cent in the current quarter. There was 22 per cent demand and15 per cent supply

l A similar mismatch was observed in the Rs 40-60 lakh category,where demand was 34 per cent while supply was 24 per cent.Properties worth Upto Rs 40 lakh were oversupplied by 22 per centin the current quarter

DEMAND & SUPPLY - Greater Noida


l Demand for apartments dropped by 3 per cent in the Oct-Dec 2014quarter while supply for the same increased by 2 per cent. Supplyled demand for apartments by 13 per cent

l Residential houses recorded a rise of 3 per cent in demand while itssupply dipped marginally by 1 per cent. The category saw 22 per cent demand and 15 per cent supply, registering a mismatch of 7 per cent

l Demand for residential plots remained stable at 27 per cent in thecurrent quarter while its supply dipped by 1 per cent. Supply fellshort of its demand by 6 per cent and stood at 21 per cent

BHK wise Analysis

l Supply of 2BHK units remained stable in the Oct-Dec 104 quarterwhile its demand increased by 2 per cent. The category saw 48 per cent demand and 46 per cent supply.

l Demand for 3BHK units was 31 per cent while its supply was 34 per cent, registering a mismatch of 3 per cent in the zone in thecurrent quarter

l Supply of 1BHK units fell short of its demand by 6 per cent in thepresent quarter. The category saw 16 per cent demand and 10 per cent supply. On the contrary, supply for 4BHK and Abovecategory led its demand by 5 per cent. There was 10 per cent demandand 5 per cent supply

Q2 Q3

3437

925

22

27

13Q2 Q3

2425

44

714

815

41

10

Q2 Q3

46 48

33

17 16

31

Q2 Q3

34 34

10

46

10

46

DEMAND SUPPLY

DEMAND SUPPLY


Q2 Q3

54 51

Q2 Q3

62 64


Residential house

Residential plot

27 27 22 21

28

19 22 16 15

10 10

12





50

40

30

20

10

0<20 20-40 40-70 70-100 100 &

above

1


Figures in Rs lakh

4

2126

43 43

1915 16

12



DEMAND

50

40

30

20

10

0<20 20-40 40-70 70-100 100 &

above

11


Figures in Rs lakh

12

33 3233 33

13 13 10 10


SUPPLY


60

40

20

0

1518

5451

28 27

3 4



1 BHK 2 BHK 3 BHK 4BHK &above

DEMAND SUPPLY60

40

20

0

13 13

47 47

34 34

6 6



1 BHK 2 BHK 3 BHK 4BHK &above


l Supply across all budget ranges inthe city remained more or lesssimilar during the last six months.While the properties worth Upto Rs 40 lakh remained oversupplied,a shortfall was noted in propertiespriced above Rs 40 lakh

l Maximum demand (43%) andsupply (33%) was noted for the Rs 40-70 lakh category followed byRs 20-40 lakh category which saw26 per cent demand and 32 per centsupply in the Oct-Dec 2014 quarter

DEMAND - S UPP LY ANALYS I S - Gha z i a b a dSmaller units of 1 and 2BHK remained undersupplied while larger units (3BHK and Above) wereoversupplied in the city during the Oct-Dec 2014 quarter. Maximum demand (51%) and supply(47%) was noted for the 2BHK category.

Demand for apartments dropped by 6 per cent in the city while both residential houses and plotssaw a 3 per cent rise in the present quarter. However, supply remained more or less similar acrossall property types. An oversupply of 14 per cent was noted in properties worth Upto Rs 40 lakh,while supply of properties priced above Rs 40 lakh fell short of its demand by the same in thecurrent quarter.


l Demand for apartments dropped by6 per cent and supply by 1 per cent.The category saw 77 per centdemand and 87 per cent supply,noting a mismatch of 10 per cent

l Demand for residential houses ledits supply by 9 per cent. Whilesupply was stable at 2 per cent,demand increased by 3 per centand stood at 11 per cent. Plotsrecorded a corresponding demand(12%) and supply (11%), wheredemand increased by 3 per cent


l Units of 2BHK recorded a supply of 7 per cent, falling short of itsdemand by 4 per cent. Demand for1BHK units increased by 3 per centand stood at 18 per cent, while itssupply remained stable, registeringa mismatch of 5 per cent

l Supply for 3BHK units led itsdemand by 7 per cent with 27 percent demand and 34 per centsupply. Demand for 4BHK andAbove category was 4 per cent


100

80

60

40

20

0

8377

8 11 9 12




DEMAND100

80

60

40

20

0

88 87

2 210 11




SUPPLY



ANNEXURES

Alaknanda 13990 to 17350

Anand Niketan 27140 to 35050

Chhattarpur 4250 to 5580

Chittaranjan Park 14130 to 17920

Defence Colony 26850 to 35110

Dwarka Mor 4050 to 5360

Dwarka Sector 2 8520 to 10030
















East of Kailash 15310 to 20090

Geetanjali Enclave 18180 to 23190

Greater Kailash 17670 to 22830

Greater Kailash 1 16960 to 21470

Greater Kailash 2 17950 to 22900

Greater Kailash Enclave 1 17620 to 22970

Green Park 18180 to 22790

Gulmohar Park 25850 to 33950

Hari Nagar 7130 to 9040

Hauz Khas 20040 to 25340

Hauz Khas Enclave 21980 to 27570

Indraprastha Extn 10790 to 13590

Janakpuri 10490 to 13710

Jangpura Extn 18020 to 24490

Kailash Colony 17270 to 22220

Kalkaji 12390 to 16100

Khanpur 3490 to 4370

Lajpat Nagar 2 12570 to 16730

Laxmi Nagar 6000 to 7650

Mahavir Enclave 4810 to 6000

Mahavir Enclave Part 1 4730 to 5820

Malviya Nagar 10630 to 13440

Mayur Vihar 1 11930 to 15380

Mehrauli 3630 to 4730

Moti Nagar 12720 to 15030

New Friends Colony 18030 to 24440

Pamposh Enclave 19830 to 25600

Panchsheel Enclave 20460 to 25860

Panchsheel Park 20710 to 27080

Paryavaran Complex 5030 to 6340

Paschim Vihar 10140 to 12680

Patparganj 11130 to 14300

Pitampura 10580 to 13090

Rohini Sector 9 11900 to 15250



Safdarjung Dev. Area 24050 to 30390

Safdarjung Enclave 19160 to 24480

Saket 16350 to 20860

Sarita Vihar 9790 to 12080

Sarvapriya Vihar 19050 to 24720

Sarvodaya Enclave 19450 to 24290

Shanti Niketan 28100 to 39140

South Extn 2 17020 to 22420

Uttam Nagar 3800 to 4860

Vasant Kunj 12930 to 16350

Vasant Kunj Sector D 12750 to 16490

Vasant Vihar 26370 to 35340


CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Locality Capital Values (Rs/Sq feet)

DELHI

Ardee City 6400 to 8170

Central Park 2 9610 to 10490

DLF City 1 9210 to 11900

DLF City 2 11150 to 14110

DLF City 4 11130 to 13150

DLF City 5 12570 to 14170

Golf Course Road 12290 to 15000

Dwarka Expressway 4660 to 6120

Golf Course Extension Road 7710 to 9590

Gurgaon - Faridabad Road 7490 to 9150

MG Road 11390 to 13460

Malibu Town 7230 to 9290

Nirvana Country 8430 to 10250

Palam Vihar 7410 to 9220

Sector 33 7610 to 8690

Sector 37D 4110 to 4980

Sector 43 8100 to 10230

Sector 46 6520 to 8690

Sector 47 8130 to 10260

Sector 48 8460 to 10520

Sector 49 8370 to 10030

Sector 50 8850 to 10620

Sector 51 7380 to 9210

Sector 52 6540 to 9040

Sector 54 11800 to 14980

Sector 56 7110 to 8720

Sector 57 7690 to 9420

Sector 58 10360 to 11700

Sector 59 9530 to 11130

Sector 60 8750 to 10410

Sector 61 8460 to 9070

Sector 62 8390 to 9980

Sector 65 6780 to 8640

Sector 66 7560 to 8860

Sector 67 7020 to 8640

Sector 68 5390 to 6840

Sector 69 5780 to 6790

Sector 70A 5340 to 7060

Sector 71 5960 to 6510

Sector 72 7080 to 8390

Sector 73 4490 to 5180

Sector 77 4700 to 5400

Sector 78 5160 to 6490

Sector 79 5020 to 6330

Sector 81 4870 to 5710

Sector 82A 6330 to 7060

Sector 83 4880 to 5960

Sector 84 4300 to 5260

Sector 85 4310 to 5160

Sector 86 3840 to 4730

Sector 89 4690 to 5390

Sector 90 4090 to 4860

Sector 91 3900 to 4700

Sector 92 3790 to 4880

Sector 99 4530 to 5600

Sector 102 5020 to 6280

Sector 103 3800 to 4520

Sector 104 6550 to 8080

Sector 106 5080 to 5970

Sector 107 4490 to 5470

Sector 108 5340 to 6250

Sector 109 5670 to 6910

Sector 111 5310 to 7560

Sohna 3680 to 4510

Sohna Road 7610 to 9840

South City 1 9250 to 12240

South City 2 6720 to 9220

Sushant Lok 1 8480 to 11100






GURGAON

NOTEOld Gurgaon: Sec-2 to 24 New Gurgaon: Sec-25 to 57 Golf Course Extn : Sec-58 to 67Sohna Road: Sec-68 to 80 New Developing Sectors: Sec-81 to 95 Dwarka Expressway: Sec-99 to 115

NOIDANoida Extension 2990 to 3650

Noida Greater Noida Expwy 4320 to 5540

Sector 29 7420 to 8860

Sector 32 7730 to 8770

Sector 34 7190 to 8440

Sector 44 10020 to 13530

Sector 45 5780 to 6700

Sector 46 4920 to 5400

Sector 50 7190 to 8870

Sector 61 7080 to 8490

Sector 62 5560 to 7120

Sector 70 4450 to 5740

Sector 73 2660 to 3400

Sector 74 4820 to 5390

Sector 75 4580 to 5120

Sector 76 4840 to 5410

Sector 77 5270 to 5800

Sector 78 5080 to 5860

Sector 79 4210 to 4720

Sector 82 5780 to 6900

Sector 93 6660 to 8780

Sector 93A 7230 to 9120

Sector 93B 7270 to 8810

Sector 100 5800 to 6730

Sector 104 7410 to 8320

Sector 107 5340 to 6450

Sector 110 5350 to 6250

Sector 117 4260 to 4990

Sector 118 4060 to 4520

Sector 119 4430 to 5320

Sector 120 4880 to 5670

Sector 121 4660 to 5420

Sector 128 6160 to 8100

Sector 129 4540 to 5070

Sector 131 4790 to 5710

Sector 133 4190 to 4730

Sector 134 4080 to 4660

Sector 135 4160 to 4680

Sector 137 4930 to 5530

Sector 143 4300 to 4930

Sector 150 4410 to 5060

Sector 151 3130 to 3520

Sector 168 4820 to 5310

GREATER NOIDAChi 4 4690 to 5550

Chi 5 3200 to 3730

Chi-Phi 3760 to 4790

Eta 3250 to 3700

Knowledge Park 3 3790 to 4630

NRI City 3610 to 4280

Omega 1 3570 to 4290

Omicron 3050 to 3840

Omicron 1 2770 to 3670

Omicron 3 2220 to 2740

Pari Chowk 3440 to 4290

Phi 2 3430 to 4410

Sector 1 3220 to 3800

Sector 4 3160 to 4050

Sector MU 3360 to 3950

Sector MU 1 3490 to 4070

Sector MU 2 3040 to 3900

Sector-Pi 3500 to 4510

Sigma 4 3130 to 3930

Surajpur 2800 to 3500

Swarn Nagari 3590 to 4220

Yamuna Expressway 2750 to 3470

Zeta 3210 to 3860

Zeta 1 3110 to 3880

NOIDA 38VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com





NOIDA-GREATER NOIDA

NOTEOld Noida: Sec-1 to 43, Sec-49 to 56, Sec-61, 62 and 67 New Developing Sectors: Sec-70 to 79 and Sec-111 to 122Noida Greater Noida Expressway: Sec-44 to 48, Sec-81 to 88, Sec-92 to 110 and Sec-124 to 168

Abhay Khand 5330 to 6440

Ahinsa Khand 5340 to 6570

Ahinsa Khand 1 5460 to 6570

Ahinsa Khand 2 4950 to 5930

Anand Vihar 5490 to 6720

Bhopura 2920 to 3540

Crossings Republik 3490 to 4060

Delhi Ghaziabad Road 2580 to 3240

DLF Ankur Vihar 2690 to 3290

DLF Dilshad Extn 3350 to 4120

Garhi 2930 to 3610

Govindpuram 2490 to 3220

Gyan Khand 1 4190 to 5020

Gyan Khand 2 4250 to 5220

Indirapuram 4740 to 6040

Indraprastha Yojna 3010 to 3200

Kala Patthar 5080 to 6090

Kaushambi 5580 to 6970

Lal Kuan 2200 to 2740

Mohan Nagar 4460 to 5420

Neeti Khand 1 4320 to 5280

Neeti Khand 2 4280 to 5050

Niti Khand-Indirapuram 4450 to 5550

Nyay Khand 1 4170 to 5140

Pratap Vihar 3940 to 4890

Raj Nagar 3260 to 3790

Raj Nagar Extn 3030 to 3640

Rajendra Nagar 4190 to 5230

Rajendra Nagar Sector 2 3710 to 4730

Rajendra Nagar Sector 3 4420 to 5570

Rampuri 5360 to 6740

Sahibabad 3510 to 4510

Sain Vihar 3570 to 4160

Shakti Khand 4450 to 5340

Shakti Khand 2 4070 to 4980



Shalimar Garden 3290 to 4160

Shalimar Garden Extn 1 3610 to 4470

Shalimar Garden Extn 2 3810 to 4730

Shastri Nagar 2670 to 3340

Siddhartha Vihar 3040 to 3710

Surya Nagar 6600 to 8300

Vaibhav Khand 5280 to 6440

Vaishali Sector 1 4750 to 5730







Vasundhara Sector 1 4070 to 4940

Vasundhara Sector 2B 4630 to 5800


Vasundhara Sector 4B 5170 to 5990








Vikram Enclave 3650 to 4250

GHAZIABAD39VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com





GHAZIABAD

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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PROPINDEX TEAMl Content & Research: E Jayashree Kurup, Dipti Tandon, Subodh Kumar, Rishab Jain,Sruthi Kailas, Ankit Sharma, Bhawna Mongia,Renu Arya, Aradhana Mozumdar, Girish Bindal,Neha Nagpal, Puneet Kukreja & Bikash Kumar.

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