PropIndex | Magicbricks

Residential Market InsightsFocus on larger configurations, majorly in Central Noida

Noida-Greater Noida residential market demand witnessed a moderate increase in Q1 2020 on the back of variousgovernment measures to complete the stuck projects. However, the positive movement in the Noida market hasovershadowed the Greater Noida market, which witnessed a sharp price decline of 4.1% in Q1 2020. This trend isexpected to continue for some time as Noida still has substantial unsold stock, which is likely to be completed in thenext year or two.

Magicbricks research sees a silver line in Noida market, as almost all Under-Construction (UC) and Ready-to-Move(RM) price segments witnessed price increases in Q1 2020, with the region also demonstrating a rare balance ofdemand and supply for over a year, a gradual lowering of demand for affordable properties, and an increase ininvestment ticket size.

City5 YearChange YoY QoQ

Noida

G. Noida -4.1%0.7%-1.6%

2.1%1.6%-6.4%

City5 YearChange YoY QoQ

Noida

G. Noida 0.3%-4.7%3.9%

1.9%1.1%3.2%

"After an overall YoYdecline in 2019, UnderConstruction propertyprices stabilized forGreater Noida inQ1 2020; Noida

however continued onits path of stagnancy "

Noida, Gr. NoidaJan-Mar 2020

Parameters India Noida-Gr. Noida

Demand+ +5.3% +4,1%Supply++ -0.8% -2.4% Price Index+++ +0.1% +1.7%

"In Q1 2020, whileprice of residentialready to move

properties in Noidainched up 2.1%, theprices in Greater Noida

fell by 4.1%."

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

ATS Infrastructure

Gaurs Group

Supertech

Jaypee Greens

Mahagun Group

Prateek Group

ACE Group

Nirala India

Gulshan Homz

Purvanchal

Cleo County Sector 121

Gaur City 2 Noida Extension

Mahagun Mywoods Noida Extension

Paras Tierea Sector 137

Gaur Saundaryam Noida Extension

Eco Village Noida Extension

Supertech Capetown Sector 74

Prateek Wisteria Sector 77

Mahagun Moderne Sector 78

Cherry County Noida Extension

Average changes in prices for localities in various price segments

Market Dynamics

Ready to Move Price Index

Under Construction Price Index

- Construction of Greater Noida WestMetro, a 15 Km extension corridor ofAqua Line, to commence from April 2020,easing connectivity woes of residents

- Jewar Airport to spur development andattract investment along YamunaExpressway, which earlier lackedconsumer interest due to connectivityissues and lack of employment hubs

- Completion of a number of stuckprojects in the next 2-3 years to bringsignificant supply in the secondarymarket, constraining any substantialprice increment in the mid-term

"Price increment inalmost all budget

segments, especially inpremium segment anindicator of new

launches in higher pricebrackets"

Key Trends to Watch Out

2014

2015

2016

2017

2018

2019

2020

2,000

3,000

4,000

5,000

6,000

7,000

Avg. Price psf

2014

2015

2016

2017

2018

2019

2020

2,000

3,000

4,000

5,000

6,000

7,000

Avg. Price psf

Price Bracket (INR/sqft)

< 4000 4,000-5,000 5,000-6,000 > 6,000

RM UC RM UC RM UC RM UC

1.8%

0.3% 0.4%

-1.4%

1.7%

0.7%

1.5%1.8%

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

Source: Magicbricks Research

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

Source: Magicbricks Research

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

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

Source: Magicbricks Research

Note:Above table represents the price changes for Ready to move (RM) and Under construction (UC) properties for dominant asset classes in each locality under various pricebuckets as on March 2020

Source: Magicbricks Research

Page 1© magicbricks.com

Noida

Gr. Noida

Noida

Gr. Noida

1 BHK8%

3 BHK46%

Above 3 BHK10%

2 BHK36%

DEMAND

Demand Supply Analysis Noida, Gr. Noida | Jan-Mar 2020

Almost half the buyers still looking for less than INR 4,000 per sqft properties

82% demand concentrated in 2 and 3 BHK segmentsDemand mirroring supply inNoida-Greater Noida

Affordable properties (< INR 4,000 per sqft) inNoida-Greater Noida saw a marginal fall in itsshare of the demand from 51% in Q4 2019 to46% in Q1 2020. We dissect the consumersearches in various dimensions in terms oftypology, configuration and price segments. Thedata suggest the following trends: 

"2 and 3 BHKs account for 82%of the demand and 84% of thesupply, reflecting dominance ofmid-segment buyers in the city."

 

- Demand of both 2 and 3 BHKs seem tomatch the supply, reflecting minimaldemand-supply mismatch. However, demandhas not been able to translate into sales in thepast few years due to stuck projects across thecity.

- Interestingly, the demand share forpremium segment (>INR 5,000 per sqft) hasrisen marginally from 28% in Q4 2019 to 32% inQ1 2020. This can be attributed to projects inSector 150 doing relatively well

- Noida 7X and 11X sectors and NoidaExpressway, continued to hold their top rankingin top micromarkets by consumer searches andactive listings, as was in the last quarter. Theseare also the places where most of the city's newsupply is coming up.

- The propensity of demand is concentratedin well-connected localities in Central Noida,along the Aqua Line, such as Sectors 75, 77, 78,137, and also in Sector 121 and Noida Extension.

Top Micromarkets by consumersearches

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

1 BHK4%

2 BHK34%

3 BHK50%

Above 3 BHK12%

SUPPLY

5,000-6,00018%

4,000-5,00023%

> 6,00015%

< 4,00044%

SUPPLY Price buckets in INR per sqft

Top Micromarkets by active listings

5,000-6,00018%

4,000-5,00022%

> 6,00014%

< 4,00046%

DEMAND Price buckets in INR per sqft

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

Source: Magicbricks Research

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

Source: Magicbricks Research

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

Source: Magicbricks Research

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

Source: Magicbricks Research

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

Source: Magicbricks Research

Sector 100 Block A

Sector 143 B

Pari Chowk

Sector 93A

Sector 134

Sector 151

Omicron 1

Omicron 3

Sector 21

Sector 1

Sector 2

Sector 4

Zeta 1Eta 2

Chi 5© OpenStreetMap contributors

Demand/SupplyDemand

Noida 7X-11X 3650 - 6600

Noida Expway South 2150 - 13050

Noida Expway Main 2700 - 5950

Vikas Marg 2400 - 8350

Central Noida 4600 - 8250

Omega-Chi-Phi 3300 - 5350

Dadri Main Road 2650 - 8050

21

12

33

44

55

66

87

Noida 7X-11X 3650 - 6600

Noida Expway Main 2700 - 5950

Noida Expway Sou.. 2150 - 13050

Vikas Marg 2400 - 8350

Omega-Chi-Phi 3300 - 5350

Greater Noida West 3150 - 4200

Dadri Main Road 2650 - 8050

21

32

13

44

85

56

77

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

(Price in INR per Sqft)

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

Page 2© magicbricks.com

Note:1. Size of the bubble depicts demand, measured by volume of property searches in localities in Q1 20202. Color of the bubble represents price change in Q4 2019, 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.

LocalityAvgPrice

PriceChange

Sadarpur

Sector 73

Chhalera

PI 1 & 2

Surajpur

Sector 151

Omicron 3

Sector 49

Sector 1

Sector 134

Noida Extension -2.6%

-1.6%

2.0%

7.5%

-2.0%

2.3%

-7.5%

-2.4%

-2.0%

4.8%

3.4%

3,533

3,808

3,662

3,397

3,227

3,202

3,165

3,151

2,956

2,949

2,919

< INR 4,000 psf INR 4,000-5,000 psf INR 5,000-6,000 psf > INR 6,000 psf

Price Analysis Noida, Gr. Noida | Jan-Mar 2020

- The focus of search in Q1 2020 was 7X sectors, especially Sectors 74, 75, 76, 77 and 78, with maximum property searches on the website falling under theINR 5,000-6,000 per sqft price range- While Sectors 39 and 41, adjoining Wave City Centre Metro Station, witnessed maximum price rise of >9%, the number of searches for the regions were lowconsidering the premium nature of property in both localities (>INR10,000 psf).

Source: Magicbricks Research

LocalityAvg.Price

PriceChange

Sector 74

Sector 144

Sector 143

Sector 120

Sector 82

Sector 62

Sector 76

Sector 75

Sector 77

Sector 79

Sector 100

Sector 78

Sector 150

Sector 93A

Sector 93 4.2%

2.3%

1.2%

-0.1%

-1.7%

2.3%

-0.4%

0.9%

-2.9%

4.0%

-1.8%

-1.5%

1.2%

0.9%

1.5%

5,793

5,723

5,642

5,497

5,476

5,407

5,334

5,233

5,215

5,139

5,113

5,048

5,048

5,012

5,002

LocalityAvg.

Avg. Av..Price

Change

Sector 61

Dadri Road

Alpha 1

Sector 108

Sector 107

Sector 45

Sector 37

Sector 50

Sector 44

Sector 93B

Sector 121

Alpha 2

Sector 104

Sector 41

Sector 39 7.5%

7.5%

-0.7%

7.5%

0.6%

-1.0%

0.7%

-0.4%

6.7%

-2.0%

-2.0%

-0.4%

-4.6%

-2.2%

3.6%

13,544

10,045

8,630

8,374

6,917

6,890

6,881

6,686

6,672

6,624

6,580

6,419

6,336

6,306

6,271

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. Coloring represents price change in Q1 2020, with green color representing price increase, red color price decrease, Also, darker the color, higher the (+ve / -ve) price change 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

Pari Chowk

Sector 118

Sector 128

Sector 70

Sector 168

Sector 110

Sector 143 B

Sector 119

Sector 152

Sector 137 -3.4%

1.8%

2.4%

-4.1%

-5.0%

-2.1%

-1.0%

-7.5%

1.2%

3.4%

4,893

4,885

4,838

4,763

4,728

4,628

4,583

4,541

4,459

4,325

Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Ankur Upadhyay | Data Manager Suneet Saxena | Assistant Manager surabhi.arora@magicbricks.com devendra.lohmor@magicbricks.com ankur.upadhyay@magicbricks.com suneet.saxena@magicbricks.com

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

For more information and research related queries, please contact:

Greater Noida West1.2%

Sector 1210.6%

Sector 128-7.5%

Sector 134-1.6%

Sector 137-3.4%

Sector 1501.2%

Sector 624.0%

Surajpur-7.5%

Sector 12.0%

PI 1 & 2-2.4%

© OpenStreetMap contributors

-7.5% 7.5%

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

Page 3© magicbricks.com