QUARTERLY REPORTteja7.kuikr.com/o1/20170614/ak_1491501784-1497424128.pdf · 6/14/2017 · KOLKATA...
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BENGALURU I NCR I MMR I PUNE I CHENNAI I HYDERABAD I KOLKATA QUARTERLY REPORT Jan-Mar 2017 INDIA RESIDENTIAL PROPERTY MARKET
Transcript of QUARTERLY REPORTteja7.kuikr.com/o1/20170614/ak_1491501784-1497424128.pdf · 6/14/2017 · KOLKATA...
BEN
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QUARTERLY REPORT
J a n - M a r 2 0 1 7
INDIA RES IDENTIAL PROPERTY MARKET
PUNE
16
N C R
10
CO
NT
EN
TS
E X E C U T I V E
S U M M A RY
03
PA N I N D I A
04
MMR
13
B E N G A LU R U
07
CHENNAI
19
HYDERABAD
22
KOLKATA
25
Q 2 2 0 1 7
F O R E C A S T
28
New launch supply, Residential
typology, Budget classification,
Under-construction supply, unsold
inventory, Weighted average
price/size of new launch supply,
Realty updates
Infrastructure, New launch supply, Residential typology, Budget classification, Under-construction supply,
Unsold inventory, Key Rental micro market, Key micro markets, Top launches, Realty updates
Infrastructure , New launch supply, Residential typology, Budget classification, Under-construction supply, Unsold inventory, Key Rental
micro market, Key micro markets, Top launches, Realty updates
Unit increase/decrease in
new launch supply
FO
RE
WO
RD
Pr a s han t Kumar Thak u r
VP, Head of Research & Data Services, QuikrHomes
Real estate sector, the second largest employer in India
after agriculture sector, has been going through major
structural changes in the past few quarters. The reform
waves that started with a shock and awe approach in
the form of demonetization was followed by an
encouraging budget that gave affordable housing an
Industry status. The final leg of reforms can be
assumed completed with full and effective
implementation of RERA and GST across the country.
Though these bold moves have weighed down heavily
on the growth of the industry for a brief period of time
in the form of dipping new launches, slow sales and
stagnating prices, it has put the industry on the path of
long term sustainable growth trajectory. The industry
now seems to have recovered from the impact of
demonetization. A marginal increase of 4% in the new
launches has been registered across the major cities
during Q1 2017. Compared to the last quarter there
has been a modest rise in the sales in Bangalore, Pune
and Mumbai.
The thrust on affordable housing by the government was evident, and the first quarter
recorded a four-fold increase in the launches of affordable and mid segment. However,
the overall situation of new launches will remain muted in coming quarters as the
builders are still trying to analyze the impact of RERA and are taking time to ensure that
the new launches are RERA compliant. The ongoing transformation is a challenge for
the developers and brokers. Even though they are trying to become RERA compliant, they
are witnessing slowdown in their business. However, one must realize that though these
structural changes might create some initial challenges for the industry; they are
definitely going to bring back elusive buyers back to the market. In the backdrop of
transparency issue addressed by RERA, falling interest rates, affordable prices and
availability of ample number of ready-to-move-in and nearing completion projects, it is
one of the most appropriate time for end-use homebuyers.
In Q1 2017, the residential market of top 7 cities across the nation has
witnessed a marginal jump of 4 percent in new launch supply,
compared to the previous quarter. With a launch of around 37,359
residential dwelling units in Q1 2017, MMR accounted for 30 percent
of new launch supply highest among top cities, followed by Kolkata,
NCR and Bengaluru, at 22, 19 & 13 percent respectively.
An approximate 62 percent units have been launched under the
budget of 40 Lac in top 7 cities, which resulted in the increased share
of affordable housing by 18 percent compared to the previous quarter.
On the contrary, mid and luxury segment properties have witnessed
decrease in new launch supply compared to the previous quarter, by 5
and 9 percent respectively. Additionally, the ascending trend of
affordable dwelling units supply in Q1 2017 is also aligned with the
Prime Minister’s vision “Housing for All by 2022”.
In Q1 2017, Mumbai Metropolitan Region has witnessed a whopping
jump of new launch supply under affordable and mid segment
properties, compared to the previous quarter.
EX
EC
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MM
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Nearly four-fold increase has been recorded in the new supply of
affordable-mid segment properties (properties below 80 Lac) in Q1
2017. Moreover, infrastructure status provided to affordable housing in
Union Budget 2017-18 will further attract more participants venturing
into this segment. The residential market of NCR and Bengaluru has
witnessed a decrease in new launch supply compared to the previous
quarter, by 13 and 3 percent respectively. However, post
demonetization, both the cities have recorded positive buyer traction
and improved sales velocity.
Fewer new launches in the first quarter of 2017 and positive buyer’s
interest towards ready-to-move-in projects have helped in bringing
down the unsold inventory level by 9 percent from 7,34,610 units in
Q4 2016 to 6,68,253 in Q1 2017 in top 7 cities.
With emphasis on “Affordable Housing” and to achieve the Prime
Minister’s vision of “Housing for All by 2022”, State Bank of India has
cut down rates on home loans of up to Rs. 30 Lac by 25 basis points
for new borrowers. The rate was reduced to 8.35 percent from 8.60
percent—the second time in 2017.
HYDERABAD
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REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
Enemy Property Bill to bring windfall of Rs.1 Lac Cr. for Government
The passing of the Enemy Property (Amendment and Validation) Bill 2016 by both
houses of parliament will now clear the acquisition of assets worth more than 1000
assets worth more than Rs.1 Lac Cr.
Home loan EMIs of under-construction houses, renting & land leasing to
attract GST
From July 1, leasing of land, renting of buildings as well as EMIs paid for purchase of
under-construction houses will attract the Goods and Services Tax. Though the sale of
the land/building and electricity is kept out of this
Government nods to revive 50 airports in 3 years
The proposal to revive smaller airports will help the government implement the
regional connectivity scheme that aims to make common man fly by capping fares at
Rs 2,500 hour of flight
Government expedites land acquisition to quicken pace of road
construction
Till January 2017, the Highways Ministry has issued final notification for acquisition of
4,100 hectares in comparison to the total 3,800 hectares for which similar
notifications were done during the previous two years - 2014-15 and 2015-16
Indiabulls Housing Fin raises Rs 485 Cr via NCDs
Indiabulls Housing Finance has raised Rs 485 Cr through issue of non-convertible
debentures on private placement basis
Emaar India raises Rs 2,500 Cr to fast track projects
Emaar revamped its project management team in an effort to fast track projects which
were stuck due to uncertainty over the fate of this partnership. The funds have been
raised from banks and financial institutions over the past six months
PUNE
BENGALURU
KOLKATA
NCR
CHENNAI
MMR
P A N I N D I A R E S I D E N T I A L R E A L E S T A T E
• The residential launches in Q1 2017
across the top seven cities witnessed a
marginal increase of 4 percent, compared
to the previous quarter Q4 2016.
• Among all the cities, Kolkata has recorded
a steep increase in the number of new
launches by 304 percent, followed by
MMR and Hyderabad by 88 and 7
percent respectively.
• Interestingly, what is worth noticing is the
downfall (72 percent) in the residential
supply in Pune from 9692 units in Q4
2016 to 2694 units in Q1 2017. Pune has
become one such city, which has fallen
from the highest residential supply
previous quarter to the least new launches
in the present quarter.
14%
11%
4%
6%
16%
22%
27%
13%
5%
4%
22%
30%
19%
7%
Bengaluru Chennai Hyderabad
Kolkata MMR NCR
Pune
NE
W L
AU
NC
H S
UP
PLY
0%
20%
40%
60%
80%
100%
Bengalu
ru
Chennai
Hyderabad
Kolk
ata
MM
R
NC
R
Pune
percenta
ge of units
Apartments Plots Villas & Row HousesR
ES
ID
EN
TIA
L T
YP
OL
OG
Y
BU
DG
ET
C
LA
SS
IF
IC
AT
IO
N
PA
N I
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IA
• Apart from the predominant increase in
number of apartments in the top seven
cities, plots typology has continued to
dominate the South Indian cities namely
Bengaluru, Chennai and Hyderabad.
• Unlike last quarter, Bengaluru saw
increased (79 percent) substantial activity
in plotted development across the seven
cities in Q1 2017. Thaverekere Road in
West Bengaluru and Jangamakote in
North Bengaluru alone have launched
around 4400 plots.
• Hyderabad and Chennai witnessed 1457
plotted development in this quarter.
0
5000
10000
15000
20000
25000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-
1.5 Crore
>1.5
Crore
Bengaluru Chennai Hyderabad
Kolkata MMR NCR
Pune
• There is an increasing demand (62 percent)
for the affordable segment residential units
falling in the price bracket of Rs. 0-40 Lac
when compared to the previous quarter.
• There are as many as 7,404 affordable
segment dwelling units launched in this
quarter in Kolkata alone. NCR and MMR
stand next to Kolkata with 5602 units and
4912 units while Hyderabad and Chennai
were way behind.
• The residential launches with ticket price
>80 Lac have registered mere 10 percent
of overall number of unit launches.
Outer pie- Q1 2017
Inner pie -Q4 2016
WE
IG
HT
ED
A
VE
RA
GE
P
RIC
E/
SIZ
E
UN
DE
R-C
ON
ST
RU
CT
IO
N S
UP
PLY
UN
SO
LD
S
TO
CK
PA
N I
ND
IA
1282
1203
1530
1304
972
1510
800
11821250
1813
784
1192
812857
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
0
200
400
600
800
1000
1200
1400
1600
1800
2000
Bengalu
ru
Chennai
Hyderabad
Kolk
ata
MM
R
NC
R
Pune
Pric
e per sqft
Unit siz
e (in
sqft)
Wtg. Avg. Size-Q4 2016
Wtg. Avg. Size-Q1 2017
Wtg. Avg. Price-Q4 2016
• In Q1 2017, the new launches across
Chennai, MMR and Pune have registered
a surge in the average size and price of
the housing units while Bengaluru and
Kolkata have launched residential units
with decreased unit sizes and prices,
compared to the last quarter Q4 2016.
• Hyderabad is the only city which has
launched residential units with increased
unit sizes at lower prices. The units sizes
and prices of dwelling units in NCR stand
quite opposite to that of Hyderabad city,
owing to slow sales velocity and subdued
market sentiments.
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
NC
R
MM
R
Pune
Bengalu
ru
Kolk
ata
Chennai
Hyderabad
NCR and MMR region witnessed
maximum under construction supply in
Q1 of year 2017. NCR and MMR are
having total 8,44,497 number of under
construction supply which is grater than
the other top cities in India. NCR and
MMR are larger than the other cities in
India in every aspect hence more
development is justified.
Pune, Bengaluru, Kolkata, Chennai and
Hyderabad are having 6,28,581 units of
under construction supply.
Pune and Bengaluru share similar trends
and their development trend is going
hand in hand.
0
50000
100000
150000
200000
250000
NC
R
MM
R
Bengalu
ru
Pune
Kolk
ata
Chennai
Hyderabad
Unsold inventory is a big issue in all
Indian major cities.
NCR and MMR are having most of the
unsold inventory in India. NCR is having
about 1.9 Lac and MMR is having 1.7 Lac
of unsold inventory. High property rates,
delay in possession, fake promises from
the builders, demonetization, etc. causes
the slow sale in market. These are major
issues in all top cities in India.
Chennai recorded about 28000 unsold
units and Hyderabad recorded about
27000 unsold inventory.
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B E N G A L U R U R E S I D E N T I A L R E A L E S T A T E
REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
Karnataka government plans to regularize houses built on private land
Residential farmhouses located on private land and independent houses in small
towns (other than city corporations) which have misused land rights are to be
regularized by State Government
Building plans to be approved online in Bengaluru
Bengaluru citizens will be able to get their building plans approved online and will also
be spared the hassle of running from pillar to post to seek clarifications with executive
engineers at the division level. The authority to approve the plans hitherto rested with
zonal town planning officers
Bengaluru gets a new over bridge to decongest traffic
The Goraguntepalya over-bridge along the Outer Ring Road finally opened to traffic
on Jan 6. The railway over-bridge is expected to decongest the traffic on the ever busy
outer ring road. The Bengaluru Development Authority (BDA) and Railway department
jointly constructed the over-bridge at a cost of Rs 40 Cr.
Watsa's Bengaluru International Airport investment plan gets Government
nod
The Ministry of Civil Aviation has given the long-awaited security clearance to
billionaire Prem Watsa's proposed investment in the GVK-led Bengaluru International
Airport (BIAL)
Adarsh Developers to raise Rs 950 Cr from Edelweiss, HDFC, Altico Capital
Adarsh developers are getting about Rs 950 Cr from the Edelweiss, HDFC and Altico
Capital. This will help the developer start new residential projects. The developer is
proposes to launch about 5 new projects in the city
Godrej Properties to develop 7.5 acre residential project in Bengaluru
Real estate company Godrej is planning to develop a residential project in Bengaluru
on Bellary Road, North Bengaluru and will comprise of plotted development, group
housing or villa development
Electronic City Phase I
Hoodi
970
YelahankaNew Town
Thanisandra
Gunjur
360
Units
Units
541
Units
384
Units
500
Units
AjmeraLugaano
Assetz Here and Now
Casa Grande Hoodi
GM Infinite Elegance Tower
Hi LifeGreens
HSR Layout
Indira Nagar
Koramangala
Marathahalli
JP Nagar
• Out of the 11,747 launches
made in Q1 2017, maximum
launches (58 percent) were seen
in plots followed by apartments.
• South Bengaluru has recorded
highest number of apartment
launches compared to other
zones of the city.
• North and West Bengaluru
witnessed maximum plots due to
availability at lower prices and
South Bengaluru is the only
region which registered launch of
villas.
• Majority of new launches (97 percent)
have come up in South, East and
North Bengaluru in Q1 2017, similar
to new launch supply pattern of the city
in Q4 2016.
• East and South Bengaluru are
abundant with employment hubs which
attracted mixed development in the
city.
• Presence of airport and establishment
of new IT Parks, in addition to
affordable land prices in northern part
of the city attracted huge residential
development.
• Government of India has begun
promoting affordable houses,
hence, there is a visible increase
in Rs. 0-40 Lac price bracket unit
launches over the past quarter,
Q4 2016.
• There is about 56 percent
decrease in the new launch
supply in Q1 2017 due to the
impact of demonetization and
high residential units stagnated in
the unsold category.
Outer pie- Q1 2017
Inner pie -Q4 2016
TY
PO
LO
GY
O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IF
IC
AT
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N
NE
W L
AU
NC
H S
UP
PLY
1%
34%
1%
49%
15%
1%
27%
3%
27%
42%
Central Bengaluru East Bengaluru
West Bengaluru North Bengaluru
South Bengaluru
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Central Bengaluru East Bengaluru
West Bengaluru North Bengaluru
South Bengaluru
0
500
1000
1500
2000
2500
East
Bangalore
North
Bangalore
South
Bangalore
West
Bangalore
Apartments Plots Villas
BE
NG
AL
UR
U
East
Bengaluru
North
Bengaluru
South
Bengaluru
West
Bengaluru
• Bengaluru city recorded about 1,96,626
number of under construction units in Q1
2017.
• East, North and South Bengaluru regions
of the city have predominant number of
under construction dwelling units.
• East and South Bengaluru have highest
launches due to the presence of major
business hubs.
• Sarjapur Road, Whitefield, Varthur,
Devanahalli and Kanakapura Road, all
have high presence of ongoing
residential units.
• Bengaluru city has a total of 99,874
dwelling units as unsold inventory.
• East Bengaluru has maximum unsold
inventory while Central Bengaluru has
the least.
• High property prices, delay in
execution and negative market
sentiments were the major reasons
behind the rise in unsold inventory.
• Central Bengaluru has the lowest new
launch supply and unsold inventory as
there is minimal land bank available.
BE
NG
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UR
U
UN
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RU
CT
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UP
PLY
UN
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IN
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OR
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EN
TA
L M
IC
RO
M
AR
KE
TS
0
10000
20000
30000
40000
50000
60000
70000
80000
Centr
al Bangalo
re
East Bangalo
re
North
Bangalo
re
South
Bangalo
re
West Bangalo
re
1%
36%
22%
32%
9%
Central Bengaluru East Bengaluru
North Bengaluru South Bengaluru
West Bengaluru
Centr
al Bengalu
ru
East Bengalu
ru
North
Bengalu
ru
South
Bengalu
ru
West Bengalu
ru
Micro Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximum
(In INR)
HSR Layout 10000 17000 15000 30000 25000 45000
Indira Nagar 10000 16000 15000 35000 30000 60000
Koramangala 10000 15000 16000 28000 25000 55000
Marathahalli 8000 13000 13000 27000 21000 40000
JP Nagar 9000 12000 15000 25000 22000 36000
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REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
Need a parking policy for Delhi soon: Lt. Governor Anil Baijal
Delhi Lt. Governor addressed for the need of parking policy with active participation of
the various authorities like Municipal Corporations of Delhi, Delhi Development
Authority, Transport Department, Public Works Department and Delhi Police
Noida building bylaws to be changed for fire safety
High rises in Noida, Greater Noida and Yamuna Expressway likely to adapt new fire
safety measures. Presently NBC is followed for the fire safety measures, but now, a
draft with upgraded modern measures has been submitted to the board. Once
approved, it will be ready to adapt
Delhi BRT to be redesigned for Rs 80 Cr
PWD has decided to redesign controversial BRT corridor. The 6.2-km stretch from
Ambedkar Nagar to Lajpat Nagar Metro station will be made a regular road at a cost
of approx. Rs 80 Cr. A year ago, PWD started to dismantle the BRT and now has
decided to redesign it
Change in land-use tag by DDA to help Delhi Metro
DDA has changed the land use in Trilokpuri for completing the crucial Metro line 7. It
was an important decision for Delhi Metro as it was struggling to complete a section of
the Majlis Park-Shiv Vihar corridor under Phase-III
Rs 12,000 Cr deal: Singapore's GIC leads race to buy 40 percent stake in
DLF's rental arm
GIC Singapore is going to have a deal with the India’s largest real estate firm DLF
Limited. 40 percent of stake would be acquired by GIC Singapore in DLF Cyber City
Developers Limited (DCCDL)
M3M India raises Rs 1,250 Cr from Indiabulls Housing finance
M3M India raised Rs 1250 Cr from Indiabulls Housing Finance and they will be paying
700 Cr to Sahara Group for the final installment of a land deal in Gurgaon
SohnaSector 36
1306
Units
Sushant Lok I Golf Course Road
Sector 50Sohna Road
DLF IIISector 95A
1101
Units
Sector 92
1000
Units
Sohna
750
Units
Sector 79
728
Units
GLS Avenue
51
Migsun Kiaan
Signature-The Serenas
SupertechBelfair
Breez Global Hill View
N C R R E S I D E N T I A L R E A L E S T A T E
• NCR has seen a total of 7105 new
launched units in Q1 2017.
• 97 percent of the total units belong to
Apartment typology.
• There are similarities in NCR and MMR
new launch supply pattern as the
development trends of both the regions
are concentrated in particular regions
of the city.
• Demonetization, unsold inventory
caused slower development in Delhi
and enhanced the supply in Gurgaon,
with highest launches made in this
region.
• Demonetization took heavy toll on
NCR real estate market.
• NCR witnessed noticeable decrease in
Rs. 40-80 Lac and Rs. 80 Lac -1.5 Cr
budget housing units in Q1 2017
compared to the Q4 2016.
• High unsold inventory is another
aspect responsible for lesser new
residential launches .
• There is an enormous increase in the
affordable housing units,
predominantly in Gurgaon.
• Gurgaon is growing rapidly in terms of
residential real estate, covers
approximately 71 percent of the total new
launches in Q1 2017.
• There has been an immense increase from
8 percent in Q4 2016 to 71 percent in Q1
2017.
• Efficient urban planning, well-laid
infrastructure and better employment
opportunities are the major reasons
behind the increase in residential
development in Gurgaon.
Outer pie- Q1 2017
Inner pie -Q4 2016
TY
PO
LO
GY
O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IF
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AT
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N
NE
W L
AU
NC
H S
UP
PLY
8%
10%
34%
22%
8%
18%
1% 4%
11%
9%
71%
4%
Delhi Faridabad
Ghaziabad Greater Noida
Gurgaon Noida
0
1000
2000
3000
4000
5000
6000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Delhi Faridabad
Ghaziabad Greater Noida
Gurgaon Noida
0
1000
2000
3000
4000
5000
6000
Delh
i
Farid
abad
Ghazia
bad
Greate
r N
oid
a
Gurgaon
Noid
a
Apartments Plots Villas
NC
R
• NCR recorded more than 4 Lac units
under construction in first quarter of
2017.
• Greater Noida has the maximum under
construction supply and it is more than
cities like Chennai, Hyderabad and
Kolkata.
• As New Delhi has limited land bank
available, development has shifted
gradually towards satellite towns like
Greater Noida and Gurgaon.
• Noida Extension and Yamuna
Expressway in Greater Noida alone
account to 1 Lac under-construction
supply.
• NCR has maximum unsold inventory
and also has the maximum new supply
among the top seven cities in India.
• Greater Noida has maximum unsold
inventory in NCR region which is more
than Kolkata, Chennai and
Hyderabad.
• Though 2 BHK apartments are the
most preferred property type, there is
an excess supply of 3 and 4 BHK
apartments, resulting in rise of unsold
stock. Delays in possession also
contributed to the unsold inventory
stock.
NC
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0
20000
40000
60000
80000
100000
120000
140000
160000
180000
200000
Bhiw
adi
Delh
i
Dharuhera
Farid
abad
Ghazia
bad
Greate
r N
oid
a
Gurgaon
Noid
a
4%
9%
1%
3%
18%
31%
21%
13%
Bhiwadi Delhi Dharuhera
Faridabad Ghaziabad Greater Noida
Gurgaon Noida
Micro Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximum
(In INR)
Sushant Lok I 12000 16000 20000 30000 30000 65000
Golf Course
Road
10000 13000 21000 40000 35000 70000
Sector-50 10000 13000 15000 20000 22500 32000
Sohna Road 9000 16000 19000 32000 25000 45000
DLF-III 8500 15000 20000 30000 25000 45000
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REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
New cess plan for excess FSI in redevelopment projects in Mumbai suburbs
The State Government has proposed charging an additional cess of Rs 5,000 per sq.
metre for construction over and above the permissible floor space index (FSI) in case
of redevelopment of old and dilapidated buildings in the suburbs
SRA stops flat sales in K Mordani Realty's luxury tower in Mumbai's Khar
over FSI fraud
The Slum Rehabilitation Authority (SRA) has ordered the builder to stop sale of flats for
fraudulently in obtaining and using more floor space index (FSI). It will also direct the
Bandra sub-registrar not to register apartment sales in 20-storey tower, although it is
learnt that the builder has already sold most of them
Mumbai Metro eyes real estate bonanza in Aarey Colony for funds
An alloted 8.6 acre area car depot for the Metro III project construction planned inside
the eco-sensitive Aarey Colony is to be used for real estate development. The Mumbai
Metro Rail Corporation (MMRC) executing Rs 23,136 Cr project has asked the State
Government to permit FSI of 3 to commercially exploit this plot
Bandra-Versova sea link gets environmental nod
About 10 km of proposed Bandra- Versova sea link got an environmental clearance.
The approval has been delayed as Maharashtra State Road Development Corporation
failed to produce required documentation
Blackstone to buy $250-mn stake in Raheja rental arm
Private equity giant Blackstone is set to buy a 15 percent stake in the office holding
company of K Raheja Corp. The deal is believed to be of around $250 million (Rs
1,700 Cr), valuing the company at $1.6 billion
Capacit'e Infraprojects bags Rs 1,500 Cr orders
Capacit'e Infraprojects Ltd, a real estate construction company, has obtained orders
worth Rs. 1,500 Cr from leading real estate developers such as the Oberoi, Wadhwa,
Rustomjee and Kalpataru groups in Mumbai, Emaar in Gurgaon and Ozone in
Bengaluru
M M R R E S I D E N T I A L R E A L E S T A T E
Kalyan ShilRoad
3000
Units
PowaiAndheri West
HiranandaniEstate
Borivali West
MaladWest
Rasayani
1800
Units
Mira Road
1058
Units
Neral
1010
Units
AmbernathEast
910
Units
JP Galaxy
Lodha PalavaCity Central Park
PiramalRevanta
Tiara Hills
AksharRiver Gate
• Out of total 11,199 units launched
in MMR in the present quarter,
Apartment typology covered more
than 99 percent of the new
launches.
• Only 20 plotted development have
been launched in Navi Mumbai and
there are zero launches in the villa
category.
• More than half of the apartments
have been launched in Mumbai
beyond Thane region.
• Mumbai beyond Thane and Navi
Mumbai are the only two regions
which launched 4912 affordable
housing units in the price bracket of
Rs. 0-40 Lac.
• Approximately 5000 units have
been launched in the mid segment
price bracket i.e. Rs. 40-80 Lac and
there are less than 1500 units
launched in the luxury and ultra
luxury housing segment.
• MMR registered an increase of 88
percent of new launch supply compared
to the previous quarter. Beyond Thane
region and Navi Mumbai are the two
micro markets eyeing new residential
development.
• Lack of space for the development and
high land prizes are major reasons for
shifting of the residential development to
the peripheral regions of MMR.
• Mumbai South and Thane displayed no
growth in new residential supply.
Outer pie- Q1 2017
Inner pie -Q4 2016
12%
28%
19%
11%
6%
24%
59%
8%
2%
10%
3%
18%
Mumbai Beyond Thane Mumbai Central Suburbs
Mumbai Harbour Mumbai Mira Road & Beyond
Mumbai South Mumbai Western Suburbs
Navi Mumbai Thane
0
1000
2000
3000
4000
5000
6000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Thane Navi Mumbai
Mumbai Western Suburbs Mumbai South
Mumbai Mira Road & Beyond Mumbai Harbour
Mumbai Central Suburbs Mumbai Beyond Thane
0
1000
2000
3000
4000
5000
6000
7000
Mum
bai Beyond Thane
Mum
bai C
entr
al Suburbs
Mum
bai H
arbour
Mum
bai M
ira Road &
Beyond
Mum
bai South
Mum
bai W
este
rn Suburbs
Navi M
um
bai
MMR
Apartments Plots
TY
PO
LO
GY
O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IF
IC
AT
IO
N
NE
W L
AU
NC
H S
UP
PLY
MM
R
• MMR stands second in terms of under
construction supply in Q1 2017 with a
total of 3,72,405 units under this
category.
• Maximum under construction supply in
beyond Thane region which comprise of
28 percent of the total new under
construction supply.
• High property rates, lack of space for
the development coerce developers to
move out from the core areas of the city.
• MMR has second most unsold
inventory among top cities with a sum
of 1,71,758 unsold stock.
• Mumbai beyond Thane has maximum
new supply and the unsold inventory
which is more than Chennai and
Hyderabad, followed by Mumbai
Harbour and Mumbai Central
Suburbs.
• Dombivali East, Neral, Badlapur West
and Karjat account to maximum
unsold inventory in the beyond Thane
region.
MM
R
UN
DE
R-C
ON
ST
RU
CT
IO
N S
UP
PLY
UN
SO
LD
IN
VE
NT
OR
YK
EY
R
EN
TA
L M
IC
RO
M
AR
KE
TS
0
20000
40000
60000
80000
100000
120000
Mum
bai Beyond Thane
Mum
bai C
entr
al Suburbs
Mum
bai H
arbour
Mum
bai M
ira Road &
Beyond
Mum
bai O
thers
Mum
bai South
Mum
bai W
este
rn Suburbs
Navi M
um
bai
Thane
28%
12%
5%
7%1%
3%
12%
16%
16%
Mumbai Beyond Thane Mumbai Central Suburbs
Mumbai Harbour Mumbai Mira Road & Beyond
Mumbai Others Mumbai South
Mumbai Western Suburbs Navi Mumbai
Thane
Micro Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximum
(In INR)
Powai 22000 32000 35000 60000 60000 120000
Andheri West 20000 30000 35000 60000 50000 100000
Hiranandani
Estate15000 20000 17000 23000 28000 50000
Borivali West 12000 20000 20000 30000 30000 50000
Panvel 8000 18000 15000 25000 25000 45000
Re
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REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
New development control rules for Pune give more FSI, boost to Realty
Government of Maharashtra has given green nod to the FSI 4 in the Development
Control (DC) rules for Pune Municipal Corporation. It will boost realty as many new
construction will come up in the market
Government plans extension of transit oriented development to Pune
To crack down the emerging urbanization challenges, Union Urban Development
Ministry came up with a policy framework to promote livelihood close to mass urban
transit corridors. Policy suggests city densification to be proposed along with the mass
transit corridors through vertical construction by substantially enhancing FSI
Pune International airport project to get DPR consultant soon
The Maharashtra Airport Development Company Limited (MADC) will select the
consultant for the Detailed Project Report for Pune International Airport. Officials also
said that once the consultant is appointed the DPR would be ready in 4-5 months
State nod for second phase of Pune metro soon says Maharashtra CM
Government of Maharashtra is looking to strengthen the transportation facilities in
Pune by integrating the Pune Metro with the Pune Mahanagar Parivahan Mandal
Limited and also giving green nod for the second phase of Pune Metro
Embassy Industrial Parks to invest Rs 350 Cr in Pune project
A joint venture between Embassy Group and private equity firm Warburg Pincus, are
going to invest 350 Cr in Chakan, Pune. They are going to build 1.1 million sq. ft.
industrial park
Lohegaon
496
Units
Kalyani Nagar
Baner
Chinchwad
Kothrud
Hadapsar
Wagholi
288
Units
Katraj-KondhwaRoad
280
Units
Chakan
225
Units
Bhukum
220
Units
Park Vista
RavinandaTrinity
Venkatesh Oxy Bonita
YashodhanDwarika Nagri
BIPL Raj Leela
P U N E R E S I D E N T I A L R E A L E S T A T E
• Out of 2793 units that were
launched in Q1 2017, North Pune
has launched highest number of
apartments in the city.
• Micro markets such as Chikhali,
Ravet and Dhanori of North Pune
are in high demand among the
home buyers because of proximity to
industrial and IT hubs.
• Moderate new launches are seen in
other zones of Pune with apartments
being the predominant typology
across the city.
• Unsold inventory, demonetization
effect resulted in to significant
decrease in new launches in Q1
2017 compared to the Q4 2016.
• The newly launched residential
units in the city are inclined
towards the affordable price
bracket with a whopping 1803
units being launched.
• The high-end segment properties
in the city sum up to less than 500
units. .
• There has been very slight variation in
the zone-wise new launch supply in Q1
2017 compared to the Q4 2016.
• Like previous quarter, North Pune has
witnessed maximum launches (4005
units) among all other zones.
• Central Pune has recorded zero new
launches in the previous as well as
present quarter.
• South Pune and East Pune registered a
total of 910 new residential unit
launches.
Outer pie- Q1 2017
Inner pie -Q4 2016
TY
PO
LO
GY
O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IF
IC
AT
IO
N
NE
W L
AU
NC
H S
UP
PLY
12%
28%
41%
19%
17%
22%
44%
17%
Central Pune East Pune West Pune
North Pune South Pune
0
1000
2000
3000
4000
5000
6000
7000
8000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Central Pune East Pune West Pune
North Pune South Pune
0
200
400
600
800
1000
1200
1400
East Pune North Pune South Pune West Pune
Pune
Apartments Plots
PU
NE
• Pune city recorded 2,27,917 under
construction units in Q1 2017.
• The under construction supply graph
depicts balanced development in all
regions, except the central part of Pune.
• North Pune has the highest under
construction units, followed by East
Pune, West Pune and South Pune.
• Chakan, Moshi, Dhanori, Pune
Sholapur Road, Undri, Hadapsar and
Wagholi are the top micro markets
displaying huge units which are under
construction.
0
10000
20000
30000
40000
50000
60000
70000
80000
Central
Pune
East
Pune
North
Pune
South
Pune
West
Pune
Pune
• Pune has around 92,310 stock in the
unsold inventory.
• North Pune has whopping 68,677
units in the unsold inventory due to the
increasing residential supply inspite of
huge existing housing stock.
• Chakan, Ravet, Punawale, Ravet are
some of the micro markets comprising
of huge unsold stock in the northern
part of Pune.
• Central Pune has the least unsold
stock with 614 units in Kave Road and
Mangalwar Peth.
PU
NE
UN
DE
R-C
ON
ST
RU
CT
IO
N S
UP
PLY
UN
SO
LD
IN
VE
NT
OR
YK
EY
R
EN
TA
L M
IC
RO
M
AR
KE
TS
1%
22%
33%
23%
23%
Central Pune East Pune North Pune
South Pune West Pune
Micro Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximum
(In INR)
Kalyani Nagar 12000 18000 20000 30000 28000 50000
Baner 10000 15000 13500 20000 19000 35000
Chinchwad 7000 11000 12000 18000 18000 26000
Kothrud 8000 12000 14000 21000 20000 32000
Hadapsar 6500 11000 11000 18000 20000 35000
Re
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REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
Tamil Nadu government creates new post in housing department for
regularization of buildings
Nudged by the Madras High Court to appoint officers exclusively to handle the large
pendency of exemption and regularization applications of builders and developers, the
State Government has created an additional secretary (technical) post in housing and
urban development department
Madras HC modifies ban on unapproved layouts, permits individuals to
resell plots
All forms of sale, resale and registration of unapproved plots and layouts had been
put on hold since September 9, 2016 after the court had imposed a blanket ban on
such transactions
Water crisis may leave Chennai real estate sector high and dry
The water crisis is already taking a toll on residents and businesses, but one area
where it will have a multiplied effect is the construction sector
Corporation plans to go digital, to upgrade Chennai to smart city
To enhance its online profile, the corporation plans to set up a Command and Control
Centre (CCC), a system that will supply real-time information on the status of civic
utilities in the city. This information can be accessed by those browsing the dedicated
website or the smartphone app
Mahindra Lifespace's Chennai JV project with Japan's Sumitomo in final
approval stage
Mahindra Lifespace’s Developers Ltd, through its subsidiary Mahindra World City
Developers Ltd has signed a Joint Venture with Japan's Sumitomo Corporation to
set up an industrial park at Ponneri in North Chennai
Shriram Properties to invest Rs 15,000 Cr on realty projects over 7-8
years
Chennai-based Shriram Properties will invest Rs 15,000 Cr over the next 7-8 years for
the development of around 30 ongoing projects, largely residential, across six major
cities
Nolambur
496
Units
Anna Nagar
OMR Road
Sholinganallur
Porur
OragadamSiruseri
Ottiyabakkam
320
Units
Sholinganallur
140
Units
Thiruporur
124
Units
Casa Grande
Nolambur
Lancor Altura
Plaza Elite Acres
Skylark Aavli
Arun ExcelloChandrika
359
Units
C H E N N A I R E S I D E N T I A L R E A L E S T A T E
• Out of the 2497 new residential units
launches in Q1 2017, South and
West Chennai witnessed the highest
number of apartment launches.
• Approximately 71 percent of total
launches fall under apartment
typology.
• OM Road and Sholinganallur in
South Chennai, Sriperumbudur and
Oragadam industrial estate in West
Chennai are the rapidly developing
major micro markets in terms of
residential real estate.
• Chennai real estate market has
slowed down in Q1 2017 compared
to Q4 2016.
• There is significant decline in Rs. 0-
40 Lac and Rs. 40-80 Lac price
bracket launches.
• South Chennai has registered
launches in almost every price
bracket.
• The ultra-luxury properties with price
greater than 1.5 Crore accounted
for less than 1 percent of total new
launch supply.
• South Chennai covers major residential
development in Chennai.
• There is a 7 percent increase in
residential development in South
Chennai from Q4 2016 to Q1 2017.
South Chennai, being a business hub in
Chennai is attracting huge residential
development.
• West Chennai also has recorded
noticeable increase from the past
quarter.
• Central and North Chennai have
minimal or no new residential units
launched this quarter.
Outer pie- Q1 2017
Inner pie -Q4 2016
TY
PO
LO
GY
O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IF
IC
AT
IO
N
NE
W L
AU
NC
H S
UP
PLY
23%
19%
58%
34%
1%65%
Central Chennai West Chennai
North Chennai South Chennai
0
200
400
600
800
1000
1200
1400
1600
1800
2000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Central Chennai West Chennai
North Chennai South Chennai
0
200
400
600
800
1000
1200
Central
Chennai
North
Chennai
South
Chennai
West Chennai
Chennai
Apartments Plots Villas
CH
EN
NA
I
• With 49,980 units under construction in
Chennai in Q1 2017, South Chennai
alone comprises about 80 percent under
this category. Mambakkam, Old
Mahabalipuram Road, Palikaranai,
Perumbakkam are attracting huge
residential development due to presence of
employment hubs.
• While West Chennai has around 700
under construction units, central region of
the city has the least number of properties
under-construction with the predominant
micro market being Nungambakkam.
• Chennai city has 28,430 stock of
unsold inventory.
• South Chennai has maximum unsold
inventory attributing to continuous
new residential units being launched
Q-o-Q.
• Though IT corridors, Business District
make southern Chennai the most
preferable option for residential
development, this region suffered the
most during South Indian floods in
2015, making the homebuyers
cautious in purchasing properties in
this region.
CH
EN
NA
I
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
Central
Chennai
North
Chennai
South
Chennai
West
Chennai
Chennai
UN
DE
R-C
ON
ST
RU
CT
IO
N S
UP
PLY
UN
SO
LD
IN
VE
NT
OR
YK
EY
R
EN
TA
L M
IC
RO
M
AR
KE
TS
1% 4%
72%
23%
Central Chennai North Chennai
South Chennai West Chennai
Micro Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximum
(In INR)
Anna Nagar 8000 11000 13000 24000 22000 35000
OMR road 7000 12000 12000 19000 22000 40000
Sholinganallur 6000 9000 11000 17000 21000 28000
Porur 5000 7000 8500 14500 16000 30000
Oragadam 5000 7000 8000 14000 13000 20000
Re
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REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
Land may be acquired under pooling model for Hyderabad metropolitan
region development
To curb unauthorized layouts and ensure a planned growth of the metropolitan region,
the Hyderabad Metropolitan Development Authority (HMDA) has proposed
implementation of land pooling scheme
More than 60 percent of Greater Hyderabad Municipal Corporation
budget unspent
The city corporation has spent only 36 percent of its budget of Rs 5,600 Cr for the
year, and has not taken up number of key projects for road improvement, rejuvenation
of lakes and the strengthening of infrastructure
Hyderabad Metro Rail seeks Rs 250 Cr loan for acquiring Metro land
The Telangana government advised HMRL to seek loan from other financial institutions
or banks. State has suffered revenue loss post-demonetization and is short on funds
for the Metro project
Telangana Government wants Hyderabad Metro Rail to be fast-tracked
Underlining the need for speedy work on the ongoing 72km elevated Hyderabad
Metro Rail (HMR) project, Telangana Chief Secretary SP Singh directed senior officials
to expedite acquisition of the affected properties in different parts of the city
Puravankara sells land in Hyderabad for Rs 475 Cr
Puravankara has sold its 100 percent stake in three subsidiary companies. It also
includes the land to Hetero Group (a lead in pharmaceutical company in India) for Rs
475 Cr. The subsidiary companies are expected to construct a real estate project in
Raidurg in Hyderabad
Altico Capital provides Rs 300 Cr credit line to Hyderabad’s Phoenix
Group
The funding that will be made in tranches is proposed to be used by Phoenix Group
largely towards refinancing of some existing lenders and for construction funding
across two of its projects
Kokapet
571
Units
BanjaraHills
Gachibowli
Jubilee Hills
Hi-tech cityManikonda
Beeramguda
550
Units
SrisailamHighway
200
Units
ChandaNagar
50
Units
Gajularamaram
50
Units
Elemental Earthwoods
RajapushpaRegalia
RamkyGreenview Apartments
Supra Solar Studios 1 . 0
PraveensLuxuria
H Y D E R A B A D R E S I D E N T I A L R E A L E S T A T E
• Hyderabad city recorded a total of
2239 new launches in Q1 2017, with
West Hyderabad having maximum
Apartment launches in areas like Hi-
tech City, Gachibowli and Jubilee Hills.
• South Hyderabad and North
Hyderabad witnessed maximum plot
and villa unit launches.
• Availability of huge land parcels drove
the plotted development in South
Hyderabad.
• Hyderabad is the only city amongst all
other metro cities which showed a
significant increase in the properties
falling in the price bracket of Rs. 80
Lacs-1.5 Crore, when compared to the
previous quarter, Q4 2016.
• The highest launches (approx. 700
units) have been launched in the 40-
80 Lac price bracket.
• The infrastructure status to affordable
housing under the Union Budget
2017-18 has got minimal impact on
the residential market in Hyderabad.
• Hyderabad witnessed marginal increase
in the new launch supply compared to
previous quarter.
• There is a significant increase in the
number in North Hyderabad due to
upcoming ring road that will connect
northern and western parts of the city.
• West Hyderabad has the second highest
launches in the city.
• Central and East regions showed no
new residential unit launches.
HY
DE
RA
BA
D
19%
1%
79%
1%
1%
44%
42%
13%
Central Hyderabad East Hyderabad
West Hyderabad North Hyderabad
South Hyderabad
0
100
200
300
400
500
600
700
800
North Hyderabad South Hyderabad West Hyderabad
Hyderabad
Apartments Plots Villas
0
100
200
300
400
500
600
700
800
900
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Central Hyderabad East Hyderabad
West Hyderabad North Hyderabad
South Hyderabad
Outer pie- Q1 2017
Inner pie -Q4 2016
NE
W L
AU
NC
H S
UP
PLY
TY
PO
LO
GY
O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IF
IC
AT
IO
N
• A total of 45,804 units are under
construction in Hyderabad in Q1 2017.
• West Hyderabad comprises about 80
percent of under construction supply.
• Micro markets of West Hyderabad
namely Hi-tech City, Tellapur, Gachibowli
and Jubilee Hills comprise of thousands
of housing units falling in the under
construction category.
• Central and East Hyderabad, put
together have less than 1000 units under
construction.
• Hyderabad city has 27,386 stock of
unsold inventory.
• West Hyderabad has maximum
unsold stock and East Hyderabad has
least stock with approx. 250 units
under unsold inventory.
• Hi-tech City, Gachibowli, Kondapur,
Tellapur, Narsingi and Jubilee Hills
witnessed maximum new supply as
well as maximum unsold inventory
compared to the other parts of the
city.
HY
DE
RA
BA
D
0
5000
10000
15000
20000
25000
30000
35000
40000
Centr
al H
yderabad
East H
yderabad
North
H
yderabad
South
H
yderabad
West H
yderabad
Hyderabad
UN
DE
R-C
ON
ST
RU
CT
IO
N S
UP
PLY
UN
SO
LD
IN
VE
NT
OR
YK
EY
R
EN
TA
L M
IC
RO
M
AR
KE
TS
2%1%
15%
2%
80%
Central Hyderabad East Hyderabad
North Hyderabad South Hyderabad
West Hyderabad
Micro
Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximum
(In INR)
Banjara Hills 9000 14000 16000 25000 25000 45000
Gachibowli 9000 12000 13000 20000 20000 35000
Jubilee Hills 8500 12000 15000 25000 25000 45000
Hi Tech City 7000 11000 15000 22000 23000 40000
Manikonda 5000 7000 8000 12000 15000 25000
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REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
Save 20 percent on registering homes within 1 year of completion in West
Bengal
The State Government offered incentives for timely registration of the properties.
Delayed property registration hold revenue which is nearly 4000 Cr. in a year. People
can save about 20 percent if the registration of the property is done within 1 year of
completion
NHB asks housing finance company's directors to be `Fit & Proper'
The National Housing Bank has addressed all housing finance companies with
minimum asset of Rs. 50 Cr to follow the regulation of ‘Fit & Follow’. Aims at
strengthening of risk management tools and trying to regulate the smaller, unlisted
and new entrants more effectively
Township to be planned on Kolkata Port Trust land
Union Cabinet Ministry may allow Kolkata Port Trust to lease out for the township
based public-private partnership model. Kolkata Port Trust will now draw the
development guidelines on the basis of the Mumbai Port Trust before realtors plunge
into bidding
KMC budget focuses on infrastructure development
Kolkata Municipal Corporation focuses on infrastructure projects as KMC have
allocated about 1800 Cr for the infrastructure development in the city for the financial
year 2017-18. City will have improvement in areas of water supply, roads, sewerage,
solid waste management and parks
Falcon Brick gets Rs 4 Cr to build up
Many Kolkata real estate companies, foreign investors and domestic investors have
invested about Rs. 4 Cr in Bengaluru based start-up Falcon Brick. Falcon brick
provides the mobile-based solution for accelerating construction of projects
Joka
4000
Units
EM Bypass
Ballygunge
Rajarhat
Narendrapur
Garia
New Town
1936
Units
Jafarpur
1100
Units
Barasat
500
Units
Diamond Harbour Road
278
Units
Magnolia Sports City
New Age Nirman LLP
Swayam City
MadgulAntaraa
Usashi King Town
DharitriUniversia
K O L K A T A R E S I D E N T I A L R E A L E S T A T E
• Kolkata city has witnessed a total of
8302 new launches in Q1 2017, out of
which the predominant launches fall in
the apartment typology.
• Few villa units have been launched in
East Kolkata and zero plotted
development has been recorded in the
city.
• South Kolkata witnessed maximum
number of apartment launches while
the central region saw very minimal
apartment launches.
• Like every other top metro city, Kolkata
also has launched the highest new
dwelling units in the affordable price
range.
• South Kolkata, followed by northern
and eastern zones have registered
good number of affordable properties
in the city.
• Western Kolkata, though has no new
affordable launches, has launched
units in the Rs. 40 Lac- 1.5 Crore price
brackets.
• Kolkata city is witnessing a transformation
in the pattern of residential development.
• South Kolkata is emerging in terms of
residential development due to attributes
such as good connectivity to the city and
affordable land prices.
• East Kolkata has witnessed steady
residential development whereas western
part of the city is the only zone which has
seen no residential launches in the present
quarter.
Outer pie- Q1 2017
Inner pie -Q4 2016
NE
W L
AU
NC
H S
UP
PLY
TY
PO
LO
GY
O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IF
IC
AT
IO
N
55%
12%
20%
13%
25%
1%
19%
55%
Central Kolkata East Kolkata West Kolkata
North Kolkata South Kolkata
0
1000
2000
3000
4000
5000
6000
7000
8000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Central Kolkata East Kolkata
West Kolkata North Kolkata
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Kolkata
Central
Kolkata East Kolkata NorthKolkata South
Kolkata
Apartments Villas
KO
LK
AT
A
• Kolkata city recorded an approx. of
1,08,454 dwelling units falling in the
under construction stock in Q1 2017.
• Kolkata East has the maximum units falling
in the ongoing/under construction category
with the maximum units registered in
Rajarhat, Rajarhat Road, EM Bypass and
New Town.
• Central Kolkata has the least under
construction supply (with approx. 395
units) due to saturation of the core areas of
the city.
• Kolkata city has nearly 52,656 units of
unsold inventory.
• South Kolkata accounts to 37 percent
of unsold stock, which is around
19000 housing units, followed by East
Kolkata.
• Joka in South Kolkata, Rajarhat and
EM Bypass in the eastern part comprise
of maximum amount of the unsold
inventory.
• Central Kolkata has mere 198 units as
unsold inventory.
KO
LK
AT
A
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
Kolkata
Central
Kolkata
East
Kolkata
North
Kolkata
South
Kolkata
West
Kolkata
UN
DE
R-C
ON
ST
RU
CT
IO
N S
UP
PLY
UN
SO
LD
IN
VE
NT
OR
YK
EY
R
EN
TA
L M
IC
RO
M
AR
KE
TS
1%
33%
21%
37%
8%
Kolkata Central Kolkata East Kolkata North
Kolkata South Kolkata West
Micro Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximum
(In INR)
EM Bypass 9000 14000 15000 25000 25000 45000
Ballygunge 8000 12000 15000 25000 25000 40000
Rajarhat 6500 10000 12000 18000 14000 30000
Narendrapur 6000 10000 10000 15000 15000 20000
Garia 5500 7000 8000 13000 14000 20000
BENGALURU
CHENNAI
Forecasted
increase/decrease in
number of unit
launches in Q2 201747%
32%
HYDERABAD
65%
MMR
19%
PUNE
11%
NCR
39%
KOLKATA
79%
F O R E C A S T F O R Q 2 2 0 1 7
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