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PropIndex | Magicbricks

Residential Market Insights

Gurugram residential segment stabilizes with the market slowly picking up in peripheral areas

While Gurugram's core residential market continued to witness low real estate activity, the New Gurgaon and Sohnamicromarkets witnessed some movement in terms of launches and absorptions, Overall, the city's residential priceswitnessed an uptrend for two consecutive quarters. The Under Construction (UC) segment also witnessed a decent2.4% QoQ increase in prices.

On the infrastructure side, Dwarka Expressway is finally expected to see completion by March next year, driving realestate activity in New Gurgaon micro-market. The announcement of Gurugram metro extension from HUDA citycenter to Cyber City may also lead to some price increases in the core of the city in the long term.

5 YearChange YoY QoQ

1.6%0.1%2.0%

5 YearChange YoY QoQ

2.4%-0.7%3.5%

" TheUnder-Constructionsegment has a 0.7%YoY fall in prices eventhough it witnessed asignificant 2.4% QoQ

growth”

GurugramJan-Mar 2020

Parameters India Gurugram

Demand+ +5.3% +3.5%Supply++ -0.8% -1.0% Price Index+++ +0.1% +1.6%

"After a prolongedstagnation, Gurugram'sresidential prices haveshown improvement inthe last two quarters"

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

Source: Magicbricks Research

DLF

Emaar India

M3M India

Unitech Group

CGHS

Vatika Group

Ireo Management

Godrej Properties

Bestech Group

TATA Housing 10

9

8

7

6

5

4

3

2

1

Tulip Lemon Sector 69

Uppal Southend Sector 49

Ansal Esencia Sector 67

Tata Primanti Sector 72

DLF Magnolias Sector 42

Godrej Summit Sector 104

Essel Towers M G Road

M3M Golf Estate Sector 65

Suncity Avenue 102 Sector 102

Vipul World Sector 48

Average changes in prices for localities in various price segments

Market Dynamics

Ready to Move Price Index

Under Construction Price Index

- Delhi-Gurugram-Neemrana-BehrorUrban Complex (SNB) Regional RapidTransit System is expected to completein the next 5 years, boosting inter-cityconnectivity.

-New Gurgaon locality is expected towitness some boost in the residentialmarket as the construction of DwarkaExpressway is in full swing.

-Extension of the Gurugram metro tolink with the Old Gurgaon is expected toshift some demand to the old Gurgaonsectors.

"The key 'INR7,500-10,000 per sqft'segment in Gurugramwitnessed decent priceincrements in both UCand RM segments"

Key Trends to Watch Out

2014

2015

2016

2017

2018

2019

2020

5,000

6,000

7,000

8,000

9,000

10,000

2014

2015

2016

2017

2018

2019

2020

5,000

6,000

7,000

8,000

9,000

10,000

Price Bracket (INR/sqft)

< 5,000 5,000-7,500 7,500-10,000 > 10,000

RM UC RM UC RM UC RM UC

-1.6%

0.1%

4.2%

-0.3%

2.1%

1.2%

-1.7%

1.4%

Key Projects based on consumersearches

Key Developers based on activelistings

Average Price INR per Sqft

Average Price INR per Sqft

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


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


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

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


Note:Above table represents the price changes for Ready to move (RM) and Under construction (UC) properties on Magicbricks website in Q1 2020 for various price buckets


Page 1© magicbricks.com

1 BHK9%

3 BHK47%

Above 3 BHK19%

2 BHK25%

DEMAND

Demand Supply Analysis Gurugram | Jan-Mar 2020

Mid and affordable segment demand to drive activity

3BHKs dominate the landscapeDensity norms continue tosqueeze smaller sized apartmentsupply

In Gurugram, 3 BHK configuration continues todominate the residential market as densitynorms restrict developers from constructingsmaller apartments, resulting in the current glutbeing faced by the market.

" As a result, Gurugarm faces asupply-demand mismatch in 'lessthan INR 5000 per sqft' segment,which is getting 37% of theconsumer searches but has only24% of the city's residentialsupply"

- Similarly, 1 BHK homes form only about 10% ofthe demand, while the supply in this segment isalmost negligible - Employment hubs like Sohna Road and GolfCourse Extension continue to be in demandamongst the buyers.

- Announcement of metro connectivity to OldGurgaon has led to an increase in consumerinterest in the region.

Top Micromarkets by consumersearches

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

1 BHK2%

2 BHK18%

3 BHK54%

Above 3 BHK26%

SUPPLY

7,500-10,00024%

5,000-7,50038%

> 10,00015% < 5,000

24%

SUPPLY Price buckets in INR per sqft

Top Micromarkets by active listings

7,500-10,00018%

5,000-7,50034%

> 10,00011%

< 5,00037%

DEMAND Price buckets in INR per sqft

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


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


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


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


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


South City 1

Palam Vihar

Sector 37D

Sector 70ASector 82A

Sector 102

Sector 103

Sector 14

Sector 33

Sector 67

Sector 79

Sector 92

Sector 4

© OpenStreetMap contributors

Demand/SupplyDemand

Sohna Road 4700 - 10950

New Gurgaon 2500 - 8450

Golf Course Extn 4150 - 12500

DLF Phase 1 - 5 6750 - 14900

Old Gurgaon 2650 - 10950

Golf Course Road 4900 - 26600

Sushant Lok 2 & 3 4800 - 8550

11

22

33

44

65

56

77

Golf Course Extn 4150 - 12500

Sohna Road 4700 - 10950

New Gurgaon 2500 - 8450

Golf Course Road 4900 - 26600

Dwarka Expressway 2700 - 9050

Sushant Lok 2 & 3 4800 - 8550

DLF Phase 1 - 5 6750 - 14900

11

22

33

44

55

76

67

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

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


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

LocalityAvg.Price

PriceChange

Rajendra Park

Sector 105

Sector 95

Sector 89

Sector 93

Sector 92

Sector 91

Sector 37C

Sector 103

Sohna Sector 36

Pataudi Road

Sector 85

Sohna

Sohna Sector 2

Sector 84

-1.0%

3.4%

-1.7%

-1.0%

0.5%

-3.9%

-0.2%

-2.1%

-2.3%

0.2%

1.1%

1.9%

7.0%

4.4%

-7.5%

3.4%

0.9%

-0.4%

4,685

4,871

4,845

4,789

4,671

4,670

4,657

4,614

4,605

4,561

4,537

4,523

4,523

3,855

3,618

3,498

3,371

3,314

< INR 5,000 psf INR 5,000-7,500 psf INR 7,500-10,000 psf > INR 10,000 psf

Price Analysis Gurugram | Jan-Mar 2020

-Most of the peripheral localities of Gurugram, such as New Gurgaon and Golf Course Extension witnessed a price increase in Q1 2020.

-Sectors along the Dwarka Expressway also witnessed price increments in Q1 2020 as Expressway's completion draws near.


LocalityAvg.Price

PriceChange

Sector 45

Sushant Lok 1

Sector 7

Sector 111

Sector 72

Sector 63

Sector 67

Sector 50

Sector 67A

Suncity

Sector 41

South City 1

Sector 61

Sector 60

Sector 47

-2.1%

-1.7%

1.6%

7.5%

7.5%

0.4%

2.0%

7.5%

0.6%

0.1%

2.8%

2.8%

0.5%

0.5%

7.5%

-0.2%

-7.5%

-2.8%

2.7%

-1.3%

0.7%

-2.4%

9,801

9,608

9,465

9,211

9,157

8,752

8,747

8,689

8,648

8,630

8,485

8,437

8,266

8,239

8,168

8,142

8,021

7,958

7,924

7,909

7,898

7,657

LocalityAvg.Price

PriceChange

DLF City Phase 2

Sector 65

Cyber City

Sector 58

Sector 59

Sector 30

Sector 28

Sector 43

M G Road

Sector 53

Sector-25

DLF City Phase 5

Sector 24

Sector 54

Sector 26

7.5%

7.5%

7.5%

-7.5%

5.6%

1.2%

0.1%

-2.4%

0.5%

1.1%

-0.5%

-1.7%

-1.2%

-2.5%

7.5%

1.3%

6.6%

23,459

13,736

13,605

12,684

12,273

12,124

11,897

11,322

11,292

11,074

10,709

10,481

10,412

10,408

10,146

10,062

10,049

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

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

Q1 2020 Price changes for the city's major localities

LocalityAvg.Price

PriceChange

Sector 99A

Sector 107

Sector 79

Sector 83

Palam Vihar

Sector 106

Sector 77

Sohna Sector 33

Sector 82

Sector 86

Sector 88A

Sector 108

Sector 102

Sector 81A

Sector 68

3.4%

2.9%

-3.4%

-6.6%

1.1%

2.0%

-1.7%

-1.4%

-3.4%

3.5%

7.5%

2.3%

0.1%

-1.0%

-2.0%

3.6%

7.5%

-2.0%

-1.5%

-5.2%

0.3%

0.7%

1.3%

-4.3%

-2.0%

0.4%

4.6%

0.1%

6.2%

0.4%

-7.5%

-7.5%

0.3%

-0.6%

1.1%

0.5%

0.1%

-5.3%

-0.6%

-7.5%

-0.4%

0.0%

7,322

7,187

7,164

7,122

7,122

7,036

6,927

6,824

6,810

6,800

6,778

6,770

6,768

6,755

6,628

6,536

6,474

6,386

6,386

6,345

6,336

6,310

6,283

6,280

6,236

6,183

6,171

6,171

6,076

5,952

5,912

5,794

5,778

5,771

5,709

5,605

5,589

5,562

5,531

5,274

5,056

5,052

Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Ankur Upadhyay | Data Manager Swati Suri | Senior Research [email protected] [email protected] [email protected] [email protected]

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

For more information and research related queries, please contact:

DLF City Phase 26.6%

New Gurgaon-1.2%

Pataudi Road-2.1%

Palam Vihar-5.3%

Sector 70A3.5%

Sector 88A-7.5%

Sector 1020.4%

Sector 1040.7%

Sector 107-0.4%

Sector 108-7.5% Sector 22

-1.7%

Sector 330.1%

Sector 52-1.0%

Sector 562.9%

Sector 59-1.2%

Sector 63-7.5%

Sector 67-0.2%

Sector 690.4%

Sector 770.5%

Sector 911.9%

Sector 927.0%

Sector 7-1.3%

© OpenStreetMap contributors

-7.5% 7.5%

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


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