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TRANSCRIPT
With PropIndex-Jan-Mar 2015, the index is now four years old. This historicfourth edition of the fourth volume comes with some positive trends.
l Property buyers are actively searching for houses but are looking forbigger units within the same budgets
l In key real estate markets such as Delhi, Mumbai and Pune over 60 per centlocalities have witnessed a rise in asking values. This follows a drop invalues over the previous two quarters
l In line with the previous quarter, demand for apartments dropped by up to10% across cities except Bangalore, Coimbatore and Chennai. This gaveway to rise in demand for plotted units and independent houses
l Demand for 3BHK units has gained momentum in stark variance to theprevious quarters where 1 and 2BHKs had been in demand
l Supply has remained stable across cities
l Rental markets remained robust
There was a clear shift in user preferences towards larger housing units.While demand grew for 3BHK units, it dropped for 1 and 2BHK units acrosscities except in Coimbatore and Vadodara. A rise of 3-10 per cent was notedin the demand for 3BHK units across different cities.
Cities with a large volume of value-for-money homes posted better indexvalues. In the Jan-Mar 2015 quarter Noida registered the highest rise of 9 per cent while Mumbai recorded the highest drop of 6 per cent.
Rental markets were upbeat across all cities tracked. It was particularlypostive in cities such as Delhi, Mumbai and Pune. Enhanced preference forlarger dwellings was also visible in the increased demand for residentialhouses and plots across different cities. However, buyers seemed unwilling toextend their budget for a larger home. Mid-segment properties priced at Rs 40-100 lakh were most preferred.
These are changing times and we would love to hear from you. Do write to usat [email protected] and share yours views on this report and howwe could make PropIndex even better.
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FOREWORD
Sudhir PaiCEO, 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 over800,000 active propertiesposted by more than1,40,000 active users in300+ cities and 10,000+localities. 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 Jan-Mar 2015quarter 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 Oct-Dec 2014 and Jan-Mar 2015 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
JAN-MAR 2015
The National Property Index(NPI) remained almost stable inthe past 18 months. During the Jan-Mar 2015 quarter, the NPInoted no change.
NPI is the weighted average ofsupply and values across 11 citiesin India. In this quarter, we haveincluded Vadodara andCoimbatore. Out of the 13 tracked cities, five noted a risein the City Index value between 1-9 per cent. Noida recorded themaximum rise in the City Indexvalue by 9 per cent, followed by 5 per cent in Coimbatore.
Overall active supply dropped by10 per cent across India. Gurgaon,Noida and Mumbai notedmaximum drop in supply.
Rise in the average capital valuesacross cities kept the NPI stable.
Mumbai recorded the maximumdrop of 6 per cent in the CityIndex value and Chennai was thesecond highest by 4 per cent.
Bengaluru, Gurgaon, Hyderabadand Pune City Index value saw nochange in the current quarter.
Mumbai, Bengaluru and Delhicontinued to be the mostpreferred cities for sale and rent.
On the supply side, no major newlaunches were noted across cities.Supply across budget, BHK andproperty type was almost stable incomparison to the last quarter.
Rental market continued toremain upbeat in the last sixmonths. Over 60 per cent localitiesacross the city recorded a rise inthe average rental values.
However, the capital market is yetto see any significant surge. Thereal estate activity remained slowin the Jan-Mar 2015 quarter.Absence of any favourable realestate policy in the budget 2015and no significant cut in theinterest rates by RBI wasattributed to the slow growth inthe real estate market in India.
This has translated into a drop inconsumer sentiments, which is
also reflected in the HousingSentiment Index (HSI) report.Post Budget 2015 sentimentplunged by 29 per cent to HSI 84.Sentiments have been steadilyfalling in the last few quartersafter the election euphoria.
n Property pricedwithin Rs 30-50 lakhrecorded maximumdemand at 28 percent, noting aconsistent rise indemand
n Rental marketsremained upbeatacross cities andcapital values surgedin North India
n Units of 3BHKgained preferenceover 2BHK in 9 out of11 major cities
n Demand for plottedunits went up acrossIndia
n Supply was almoststable across BHKsegments
IN THIS REPORT:
National Property Index...............1
Hyderabad................................ 4
Annexures.................................13
Policy Perspective......................14
NATIONAL PROPERTY INDEX (NPI)
VOL 4, ISSUE 4; JAN-MAR, FY 2014-15
JAN-MAR 2015
propindex.magicbricks.com
Source:Magicbricks.com
NATIONAL PROPERTY INDEX
l Delhi, Gurgaon, Ghaziabad inNCR and Bengaluru in theSouth noted maximum increasein demand for 3BHK categoryby 9-10 per cent from theprevious quarter
l Properties worth up to Rs 70 lakh witnessed a rise indemand by 9 per cent over theprevious quarter
l Bengaluru and Kolkatacontinued to offer highestrental returns on investment
In Ahmedabad no major changewas registered in the residentialsupply. The City Index recorded anominal rise of 1 per cent. ExceptPrahalad Nagar and SP RingRoad, no other locality noted asignificant rise or drop in thesupply. Over 55 per cent of theresidential inventory consists ofapartments priced at Rs 3,000-5,000per sq ft. Areas such as Bopal andGota noted maximum supply.
Almost equal number of localitiesin Bengaluru recorded a rise ordrop in the average capital values.Over 10 per cent drop wasrecorded in the active marketwhich made no change in the CityIndex. Whitefield, Sarjapur Road,Electronic City, Kankapura Road
and Bannerghatta Roadcontributed to almost 30 per centof the total residential supply. Theaverage apartment values alongthese corridors saw a nominalchange within -2 to 3 per cent.
Coimbatore recorded a rise inaverage property values by 2-9 per cent, except in Trichy Roadand Saibaba Colony resulting in arise in the City Index value by 5 per cent and the Listed PriceMonitor by 3 per cent. Majority ofthe localities in the city offeredapartments in the range of Rs 3,500-5,000 per sq ft.
Over 15 per cent drop wasrecorded in Chennai’s activelistings with a 44 per cent drop inthe average capital values of thetracked localities, resulting in a 4 per cent drop in the City Indexvalue. The rental market showedan upward trend. Nearly 75 percent of the tracked localitiesnoted a rise between 1-10 per centin the average rental values.
Delhi City Index rose by 3 per cent and the Listed PriceMonitor by 5 per cent. Almost 60 per cent of the trackedlocalities recorded a rise in theaverage capital values. Rentalmarket outperformed the capitalmarket. Close to 80 per cent
localities noted a rise in theaverage rental values. Almost 60 per cent localities noted a risebetween 1-9 per cent.
Ghaziabad’s active listings ofapartments registered a drop ofover 20 per cent. Close to 50 per cent of the trackedlocalities also witnessed a drop inthe average capital values by 0-4 per cent. As a result, the CityIndex dropped by 3 per cent.Areas offering maximum optionssuch as Indirapuram, Raj NagarExtension and Crossings Republikshowed 0-1 per cent drop inaverage capital values.
In Gurgaon, over 15 per cent dropin active market supply coupledwith a drop in the average capitalvalues arrested the growth of theCity Index. Majority of the
02VOL4, ISSUE 4; JAN-MAR, FY 2014-15propindex.magicbricks.com
-1%
Locality RankQ4 Q3
Mumbai 1 1
Bengaluru 2 2
Pune 3 3
New Delhi 4 5
Hyderabad 5 4
Chennai 6 6
Kolkata 7 7
Gurgaon 8 8
Noida 9 9
Ahmedabad 10 10
Preferred Cities - Sale
Note: Q4 Jan-Mar 2015, Q3 Oct-Dec 2014
Preferred Cities - Rent
Locality RankQ4 Q3
Bengaluru 1 1
Mumbai 2 2
Pune 3 3
New Delhi 4 4
Chennai 5 5
Gurgaon 6 7
Hyderabad 7 6
Noida 8 9
Kolkata 9 8
Ahmedabad 10 10Note: Q4 Jan-Mar 2015, Q3 Oct-Dec 2014
Source:Magicbricks.com
Source:Magicbricks.com
Source:Magicbricks.com
localities noted a rise or drop inthe average capital values between-3 to +3 per cent. Close to 60 percent tracked localities noted a risebetween 1-9 per cent in rentalvalues. Residential developmentsalong Sohna Road and Golf CourseRoad continued to top thepreference chart for twoconsecutive quarters.
Hyderabad recorded a 17 per centdrop in the active supply arrestingthe growth of the City Index andkeeping it stable. Close to 60 percent of the tracked localitiesexhibited an increase in themonthly rentals. Madhapur,Kondapur, Banjara Hills andGachibowli offered the highestnumber of apartments on rent.These are also among the top tenpreferred localities in the city.
A drop of 1-2 per cent was noted inthe supply of properties inKolkata. Almost equal number oflocalities recorded rise or drop inthe average capital values. This ledto a small drop of 1 per cent in theCity Index value and 2 per cent inthe Listed Price Monitor. Over 65 per cent localities recorded arise in the average rental values.Majority of the areas saw a risebetween 2-8 per cent.
Mumbai noted a drop in the activesupply by almost 10 per cent. Thispushed the City Index down by 6 per cent. Over 60 per cent trackedlocalities noted a rise in the
average capital values. Mumbairecorded the maximum rise ordrop in average capital valuesbetween -9 to +7 per cent.Kharghar, Mira Road andGhodbunder Road offeredmaximum options for sale.
Over 40 per cent localities inNoida recorded a rise in averagecapital values between 1-8 per cent,coupled with increase in supplyleading to a 9 per cent rise in theCity Index. Sectors 76, 77, 78 and137 noted maximum options forsale. Sectors 50, 93A and 104offered maximum options for rent.
Almost equal number of localitiesin Pune recorded a rise or drop inthe average capital values andmerely 5 per cent recorded a dropin housing stock, keeping the CityIndex unchanged. In the rentalmarket, over 80 per cent of thetracked localities noted a rise inaverage values. Of which over 50 per cent witnessed a rise inrental values by over 5 per cent.
Majority of the localities inVadodara recorded a rise in theaverage capital values with a smalldrop in supply. This led to amarginal increase in the CityIndex by 1 per cent. However, theListed Price Monitor remainedunchanged. In line with the capitalmarket, rental market also saw arise. Over 90 per cent localitiesregistered increase in valuesbetween 2-10 per cent.
03VOL4, ISSUE 4; JAN-MAR, FY 2014-15 propindex.magicbricks.com
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%
8%
28%
22%15%
15%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, Hoodi 5.49%Kolkata, Banshdroni 4.77%Hyderabad, Gachibowli 4.72%Delhi, Govindpuri 4.34%Chennai, Sholinganallur 4.11%Pune, Mundhwa 4.04%Ghaziabad, Shakti Khand 3 4.03%Ahmedabad, Prahlad Nagar Extn 3.91%Mumbai, Kanjur Marg East 3.83%Noida, Zeta 1 3.25%Gurgaon, Sector-69 2.70%
CAPITAL GAINS
The table given below indicates maximumincrease in capital values in each city.
Locality % Change
Bengaluru, Silk Board 10.45%
Chennai, Nungambakkam 8.18%
Ahmedabad, Ghatlodia 8.11%
Delhi, Gulmohar Park 7.58%
Hyderabad, Jubilee Hills 6.33%
Pune, Koregaon Park 6.19%
Kolkata, Kestopur 5.89%
Gurgaon , South City II 5.38%
Mumbai, Wadala 5.34%
Noida, Omicron-3 5.20%
Ghaziabad, Mohan Nagar 4.68%
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
Source:Magicbricks.com
Source:Magicbricks.com
PROPINDEX - HYDERABAD
Hyderabad realty updatesAfter a considerable lapse of time,political stability has improved theoverall sentiment of Hyderabad citywith a number of property developersgearing up to revive the projects lyingso far at board room stage.
The residential property market isdriven by end users with the latentdemand focusing on mid andaffordable segments. While CBDareas are picking up, sales in suburbsare subdued due to demand supplymismatch. While apartments within Rs 30-50 lakh are driving demandconsistently across micro markets,prices remained stable and marginallyimproved by 5-10 per cent acrossselect markets.
New launches remained stable andinterestingly there were many newlaunches in the Eastern part of thecity. The Western zone, which is themost active market in the city,witnessed significant price fluctuationsover a period of years. Investor’sinterest in residential property acrossselect micro markets continued toremain subdued despite.
New developments being planned inthe city, such as the InformationTechnology Investment Region (ITIR),Pharma City and the Education Hubare likely to improve the employmentopportunities further leading to a spurtin housing demand. Among thegrowth areas across the city specificmention should be made aboutWarrangal Highway due to proposedindustrial corridor, Gachibowli andAdibatla due to Cognizant and TCSoperation and Aerospace Park.
The Telangana government hasunveiled its new industrial policy underwhich single window clearancesystem will be created at three levels,one for mega projects, other for largeindustries and for SMEs. Industrialprojects are expected to be able to getall clearances, which currently takes60 days, within 15 days.
On the infrastructure front, whileHyderabad Metro project is underimplementation, Nehru Outer RingRoad project is about to become fullyoperational. Hyderabad is expected toreturn to its growth trajectory soon.
V NagarajanMagicbricks bureau
In contrast to the 2 per cent rise recorded in the Oct-Dec 2014quarter, the Hyderabad City Index remained unchanged in theJan-Mar 2015 quarter. The Listed Price Monitor, on the otherhand, increased by 1 per cent. In the previous quarter, it hadrisen by 2 per cent.
l Hyderabad recorded a drop inthe supply of residentialproperties. This arrested thegrowth of City Index
l The Listed Price Monitorrecorded a rise of 1 per centfrom the previous quarter. Thiswas primarily on account of arise in the average capital valuesbetween 1-8 per cent
l The rental market showed a risein the average rental values.Close to 60 per cent of localitiesexhibited an increase in themonthly rentals
l Madhapur, Kondpaur, BanjaraHills and Gachibowli offeredmost apartments on lease
l Healthy rental returns between2.29-4.72 per cent was noted.Gachibowli, Manikonda andKondapur offered the highestrental yield of over 4 per cent
l Apartments was the preferredhousing category at 45 per cent,followed by houses at 34 percent. Demand for apartmentswas over 55 per cent. CentralHyderabad recorded the secondhighest demand at 47 per cent
l Demand across housingcategories displayed nosignificant change in the lastthree months. On the supplyside, plotted units noted a rise of5 per cent, whereas, apartmentsnoted a drop by 5 per cent
l The most preferred housingconfiguration was the 2BHKformat which stood at53 per cent. Demand continuedto outstrip supply by 16 per cent
l South and Central Hyderabadnoted maximum demand for2BHK units at 60 per cent each
l The second most preferredformat were 3BHK units. In thelarger housing formats, supplycontinued to outstrip demandfor 4BHK and above category byover 10 per cent
l Properties worth Rs 20-40 lakhcontinued to see maximumdemand at 35 per cent. However,Hyderabad continued to witness25 per cent deficiency in thesupply. East Hyderabadwitnessed the maximumdemand for properties in thesaid budget range
Key Takeaways
E d i t o r i a l
HYDERABAD 04VOL4, ISSUE 4; JAN-MAR, FY 2014-15propindex.magicbricks.com
Source:Magicbricks.com
l Most of the localities in Hyderabad witnessed a dropin capital values in the Jan-March 2015 quarter.Highest drop of 6 per cent was noted in Sainikpuri,one of the established localities of Secunderabad
l Attapur recorded a drop of 4 per cent in values in thecurrent quarter
l Capital values dipped by 3 per cent in areas such asBowanpalli, Appa Junction, Madhapur andGachibowli in the present quarter
l Some localities registered an increase in propertyprices such as Kompally, Begumpet and Jubilee Hills.A respective rise of 3, 5 and 6 per cent was noted inthe Jan-Mar 2015 quarter
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
Kondapur 12.50 3,530 4.25%Miyapur 9.75 2,985 3.92%Hitec City 13.25 4,505 3.53%Kukatpally 10.50 3,310 3.81%KPHB Colony 11.25 3,715 3.63%Banjara Hills 14.25 7,460 2.29%Madinaguda 9.75 3,295 3.55%Somajiguda 13.25 5,760 2.76%Manikonda 9.50 2,660 4.29%Gachibowli 15.00 3,810 4.72%
Y I E L D M E T E R
l Even though there was a drop in both capital andrental values. Gachibowli continued to offerhighest rental returns in the city. The localityoffered gross yield of 4.72 per cent
l Manikonda offered rental returns of 4.29 per centclosely followed by Kondapur which recordedgross yield of 4.25 per cent in the current quarter
l Other localities with high rental returns in thepresent quarter include Miyapur (3.92%),Kukatpally (3.81%) and Madinaguda (3.55%)
l A drop of 12 per cent in rental values in BanjaraHills during the present quarter meant the localityrecorded the lowest gross yield in the city. Thelocality offered rental returns of 2.29 per cent
RENT MON I TOR
l Nallagandla registered an 8 per rise in rental valuesin the Jan-Mar 2015 quarter, which was the highestin Hyderabad
l A rise of 6 per cent was noted in the rental values ofSrinagar Colony and Madhapur localities followedby Madinaguda and Miyapur where the rentsincreased by 5 per cent
l Other localities which witnessed a rise in rentalvalues include Hitec City (2%), Kavuri Hills (2%)and Kondapur (4%)
l Rental values remained unchanged in areas such asManikonda, Begumpet, Chanda Nagar and KPHBColony. A drop of 2 per cent was noted in the rentalvalues of Ameerpet, Gachibowli and Jubilee Hills
1%
HYDERABAD05VOL4, ISSUE 4; JAN-MAR, FY 2014-15 propindex.magicbricks.com
Source:Magicbricks.com Source:Magicbricks.com
Source:Magicbricks.com
PREFERRED LOCALITIES
l Miyapur jumped three positions to grab the top slotin the most preferred localities for sale. It alsowitnessed a 2 per cent rise in property prices
l Kondapur and Kukatpally retained their second andfourth position in the list of top ten preferredlocalities for sale in the current quarter
l Manikonda inched up two positions to acquire thethird slot. Capital values here dropped by 1 per cent
l Gachibowli, which had been the most preferredlocalities for sale for almost a year, dropped to fifthposition in the current quarter
l Madhapur was the new entrant (7th position) in thelist of top ten preferred localities for sale in thecurrent quarter
l Hitec City and Sainikpuri inched up to grab thesixth and eighth slot respectively in the presentquarter. Uppal slipped one position to settle at ninthspot whereas Chanda Nagar held on to its tenthposition in the list
l Madhapur was the most preferred localities for rentin Hyderabad. The locality inched up one positionduring the current quarter to grab the top spot
l Kondapur grabbed the second position in the listduring the present quarter. A 4 per cent rise inrental values was witnessed here
l Hitec City jumped three positions to become thethird most preferred locality for rent in the city inthe present quarter
l Gachibowli slipped three positions to settle at thefourth spot in the list whereas Kukatpally held on toits fifth position in the current quarter. A 11 per centincrease in rental values was recorded in Kukatpally
l Begumpet and Kukatpally Housing Board Colonywere the two new entrants in the list of top tenpreferred localities for rent in the present quarter
l Banjara Hills dropped six positions to settle at thetenth spot in the list. The locality witnessed a 10 per cent drop in rental values
RENT
Locality Rank Capital %ageQ4 Q3 Values change
Miyapur 1 3 2750 to 3400 2%
Kondapur 2 2 3280 to 3980 -2%
Manikonda 3 5 2490 to 2960 -1%
Kukatpally 4 4 2980 to 3900 0%
Gachibowli 5 1 3480 to 4410 -3%
Hitec City 6 7 4110 to 5210 1%
Madhapur 7 - 4330 to 5310 -3%
Sainikpuri 8 9 2200 to 2690 -6%
Uppal 9 8 2100 to 2620 2%
Chanda Nagar 10 10 2790 to 3500 -1%
SALE
Locality Rank Rental %ageQ4 Q3 Values change
Madhapur 1 2 11500 to 14500 6%
Kondapur 2 3 11000 to 14000 4%
Hitec City 3 6 12000 to 14500 2%
Gachibowli 4 1 13000 to 17000 -2%
Kukatpally 5 5 9000 to 12000 11%
Miyapur 6 7 8500 to 11000 5%
Begumpet 7 - 11000 to 15000 0%
Manikonda 8 10 8000 to 11000 0%
KHBC 9 - 10000 to 12500 -1%
Banjara Hills 10 4 12500 to 16000 -10%
Adibatla, Vattinagulapally, Shad Nagar, Shamshabad
Home in your Budget
Upto Rs 20 Lakh
l Adibatla, Vattinagulapally, ShadNagar, Shamshabad andGhatkesar offered propertieswithin the range of Rs 20 lakh
l Manikonda, Beeramguda ,Miyapur and Osman Nagarwitnessed high supply ofproperties in the Rs 20-40 lakhbudget category
l Banjara Hills, Jubilee Hills,Gachibowli, Hitec City offeredpremium properties worth Rs 1 crore and above
Manikonda, Beeramguda , Miyapur, Osman Nagar Rs 20-40 Lakh
Kondapur, Sri Ram Nagar - Block C, Boduppal Rs 40-60 Lakh
Kondapur, Gachibowli, Madhapur, Kompally, Tarnaka Rs 60-100 Lakh
Banjara Hills, Jubilee Hills, Gachibowli, Hitec CityRs 1 Crore & Above
HYDERABAD 06VOL4, ISSUE 4; JAN-MAR, FY 2014-15propindex.magicbricks.com
Source:Magicbricks.com Source:Magicbricks.com
Source:Magicbricks.com
Note: Q4 Jan-Mar 2015, Q3 Oct-Dec 2014Note: Q4 Jan-Mar 2015, Q3 Oct-Dec 2014
Budget wise Analysis
l Properties worth Rs 1 crore andabove were oversupplied by 8 per cent. The Rs 60 lakh-Rs 1 crore range saw a demand of18 per cent and supply of 14 per cent, registering a mismatchof 4 per cent
l Demand for the Rs 40-60 lakhcategory led supply by 16 per cent.The Rs 20-40 lakh category saw 35 per cent demand against 25 per cent supply
DEMAND - S UPP LY ANALYS I SLarger units (4BHK and above) in Hyderabad were oversupplied during the Jan-Mar 2015 quarter.While 2BHK units were the most preferred configuration, supply was inclined towards 3BHKcategory in the city.
Apartments were the most demanded property type while the supply was high for plots in the city.A gap of 15 per cent was noted in the demand and supply of residential houses. Both affordableproperties worth up to Rs 20 lakh and premium properties worth Rs 1 crore and above wereoversupplied during the current quarter. Most of the buyers in the city were looking forproperties in the Rs 20-40 lakh category
Property wise Analysis
l Supply of apartments dropped by 5 per cent while its demand dippedby 1 per cent in the currentquarter. The category noted 45 per cent demand against 39 per cent supply
l Demand for residential houses ledits supply by 15 per cent in thepresent quarter. There was 34 per cent demand and 19 per centsupply of the category. Plots wereoversupplied by 21 per cent in thecity during the current quarter
BHK wise Analysis
l An oversupply of 16 per cent wasnoted in the 4BHK and abovecategory where demand wasmerely 2 per cent while the supply was 18 per cent in the Jan-Mar 2015 quarter
l Both demand and supply for 2BHKunits remained stable in the cityduring the current quarter. Whilethe supply of 3BHK units remainedunchanged at 44 per cent, itsdemand increased by 6 per centand stood at 42 per cent
40
30
20
10
0<20 20-40 40-60 60-100 100 &
above
4Figures in percentage(%)
Figures in Rs lakh
5
37 3530 33
1818
119
Budget wise Analysis - City Level
DEMAND
40
30
20
10
0<20 20-40 40-60 60-100 100 &
above
24
Figures in percentage(%)
Figures in Rs lakh
2725 25
18 17 1614
17 17
SUPPLY(Oct-Dec 2014)(Jan-Mar 2015)
(Oct-Dec 2014)(Jan-Mar 2015)
BHK wise Analysis - City Level
60
50
40
30
20
10
0
63
53 53
36
42
5 2
Figures in percentage(%)
1BHK 2BHK 3BHK 4BHK &above
DEMAND SUPPLY60
50
40
30
20
10
02 1
37 37
44 44
17 18
Figures in percentage(%)
1BHK 2BHK 3BHK 4BHK &above
(Oct-Dec 2014)(Jan-Mar 2015)
(Oct-Dec 2014)(Jan-Mar 2015)
Property wise Analysis - City Level
60
40
20
0
46 45
36 34
1821
(Oct-Dec 2014)(Jan-Mar 2015)
Figures in percentage(%)
Apartment Residential House Residential Plot
DEMAND60
40
20
0
4439
19 19
37
42
(Oct-Dec 2014)(Jan-Mar 2015)
Figures in percentage(%)
Apartment Residential House Residential Plot
SUPPLY
HYDERABAD07VOL4, ISSUE 4; JAN-MAR, FY 2014-15 propindex.magicbricks.com
Source:Magicbricks.comSource:Magicbricks.com
Source:Magicbricks.com
BHK wise Analysis
Budget wise Analysis
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
Budget wise Analysis
l Premium properties worth Rs 1 crore and above were oversuppliedin the South Hyderabad. The category saw 7 per cent demandagainst 17 per cent supply
l Demand in the zone was concentrated towards the Rs 20-40 lakhcategory, while supply was high for properties worth up to Rs 20 lakh. Demand for the Rs 60 lakh-Rs 1 crore category led itssupply by 7 per cent in the current quarter. The category noted 15 per cent demand against 8 per cent supply
l Similar mismatch was observed in the Rs 40-60 lakh category wheredemand was at 27 per cent and supply was at 14 per cent. Anoversupply of 19 per cent was noted in the up to Rs 20 lakh category
DEMAND SUPPLY
DEMAND & SUPPLY - South Hyderabad
Supply in South Hyderabad was almost equally distributed among 2, 3 and 4BHKcategories while the demand remained concentrated towards 2BHK units. Residentialhouses were the most preferred property type while supply was inclined towards plots.
Apartments were the least preferred property type. Affordable properties worth up to Rs 20 lakh and premium properties worth Rs 1 crore and above were oversupplied in thecurrent quarter. Supply of all other categories lagged behind its demand. With 35 per centdemand, the Rs 20-40 lakh category was the most preferred budget category
Property wise Analysis
l Demand for apartments dropped by 3 per cent in the zone while itssupply dipped by 4 per cent. The category registered 28 per centdemand while its supply was 21 per cent, registering a mismatch of7 per cent
l Residential houses continued to be the most preferred property typein the zone with 41 per cent demand. Supply for the same was 19 per cent, registering a mismatch of 22 per cent
l There was 31 per cent demand for plots, a 6 per cent rise from theprevious quarter while its supply increased by 3 per cent and stoodat 60 per cent. A gap of 31 per cent was noted in the category
BHK wise Analysis
l While demand for 2BHK units in South Hyderabad increasedmarginally by 1 per cent, its supply dipped by 5 per cent. Thecategory recorded 60 per cent demand and 34 per cent supply,registering a mismatch of 26 per cent
l Demand for 3BHK units increased by 7 per cent and stood at 34 per cent. Supply for the same was 32 per cent, a marginal increaseof 1 per cent from the previous quarter
l An oversupply of 30 per cent was noted for the 4BHK and aboveunits, where demand was mere 2 per cent while the supply stoodstrong at 32 per cent. Demand and supply of 1BHK units was low
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)1 BHK
2 BHK
3 BHK
4 BHK & above
DEMAND SUPPLY
Property wise Analysis
Q3 Q4
3541
29
17
27
15136
Q3 Q4
36
25
1211
17
814
25
38
14
Q3 Q4
31 28
3125Q3 Q4
21
6057
Q3 Q4
59 60
2734
Q3 Q4
39
32
34
31
28 32
25
10
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Apartment
Residential house
Residential plot
44 41
18 19
7
7
7
HYDERABAD 08VOL4, ISSUE 4; JAN-MAR, FY 2014-15propindex.magicbricks.com
Source:Magicbricks.comSource:Magicbricks.com
Source:Magicbricks.com
BHK wise Analysis
Budget wise Analysis
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
Budget wise Analysis
l An oversupply of 7 per cent was registered for the properties worthRs 1 crore and above in North Hyderabad during the Jan-Mar 2015quarter. The category recorded 6 per cent demand and 13 per centsupply. Demand for the Rs 60 lakh-Rs 1 crore category led its supplyby 5 per cent
l Supply of the Rs 40-60 lakh category lagged behind its demand by 17 per cent. There was 34 per cent demand for the category while itssupply was 17 per cent
l Similar mismatch was observed in the Rs 20-40 lakh category wheredemand led its supply by 9 per cent. An oversupply of 24 per centwas noted in the up to Rs 20 lakh category
DEMAND SUPPLY
DEMAND & SUPPLY - North Hyderabad
With 57 per cent demand, 2BHK units remained the most preferred configuration in NorthHyderabad. Supply on the other hand, was almost equally distributed between 2 and3BHK categories. Larger units (4BHK and above) were oversupplied in the quarter.
While residential houses were the most demanded property type, supply was inclinedtowards plots. While the demand for apartments remained stable, its supply dipped.Supply in North Hyderabad was concentrated on properties worth up to Rs 40 lakh whilebuyers were looking for properties worth Rs 20-60 lakh.
Property wise Analysis
l Residential houses were the most demanded property type in NorthHyderabad while supply was inclined towards plots. Demand forapartments led its supply by 8 per cent, where demand was 35 per cent and supply was 27 per cent
l While the supply of residential houses remained unchanged at 28 per cent in the current quarter, its demand dipped by 2 per centand stood at 39 per cent, registering a mismatch of 11 per cent
l Plots were oversupplied by 19 per cent in the zone. The categorynoted 26 per cent demand, a 2 per cent rise from the previousquarter while its supply increased by 4 per cent and stood at 45 per cent
BHK wise Analysis
l Demand for 2BHK units in North Hyderabad increased marginallyby 1 per cent in the Jan-Mar 2015 quarter while its supply increasedby 2 per cent. The category recorded 57 per cent demand and 41 per cent supply, registering a mismatch of 16 per cent in thecurrent quarter
l A 5 per cent rise was registered in the demand for 3BHK categorywhich stood at 39 per cent. Supply of the same was 42 per cent, a 2 per cent increase from the previous quarter
l An oversupply of 15 per cent was noted in the 4BHK and aboveunits. The category witnessed a mere 1 per cent demand while itssupply was 16 per cent
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)1 BHK
2 BHK
3 BHK
4 BHK & above
DEMAND SUPPLY
Property wise Analysis
Q3 Q4
42 37
34
1818
28
Q3 Q4
28
29
27
15
13
17
17
12 13
29
35 35
Q3 Q4
31 27
Q3 Q4
Q3 Q4
5657
34 39
Q3 Q4
40 42
39 41
1620
7
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Apartment
Residential house
Residential plot
24
41
26 41 45
39
28 28
6
6
HYDERABAD09VOL4, ISSUE 4; JAN-MAR, FY 2014-15 propindex.magicbricks.com
Source:Magicbricks.comSource:Magicbricks.com
Source:Magicbricks.com
BHK wise Analysis
Budget wise Analysis
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
Budget wise Analysis
l An oversupply of 8 per cent was noted in the Rs 1 crore and abovecategory, where demand was 9 per cent and supply was 17 per cent.There was 17 per cent demand and 19 per cent supply for the Rs 60 lakh-Rs 1 crore category
l While demand for the Rs 40-60 lakh category increased by 4 per cent,its supply dipped by 6 per cent. The category recorded 34 per centdemand and 17 per cent supply, registering a mismatch of 17 per cent
l Demand for the Rs 20-40 lakh category led its supply by 13 per centin the current quarter. An oversupply of 20 per cent was recorded inthe up to Rs 20 lakh category
DEMAND SUPPLY
DEMAND & SUPPLY - Central Hyderabad
Central Hyderabad witnessed high demand for 2BHK units, supply of which wasinadequate. Larger units (3BHK and above) recorded an oversupply of 23 per cent.Apartments remained the most demand and supplied property type in the zone.
Both demand and supply for plots increased in the zone during the current quarter. Whilethe supply was concentrated towards properties worth up to Rs 40 lakh, demand wasinclined towards the Rs 20-60 lakh category. Premium properties worth Rs 1 crore andabove were oversupplied by 8 per cent in the zone during the current quarter.
Property wise Analysis
l Demand (47%) and supply (46%) for apartments in CentralHyderabad was almost synonymous during the present quarter.Demand for the category dropped by 7 per cent while its supplydipped by 9 per cent
l Residential houses witnessed a marginal increase of 1 per cent in itsdemand while its supply dipped by 3 per cent in the present quarter.The category recorded 34 per cent demand and 21 per cent supply,registering a mismatch of 13 per cent
l Demand for plots increased by 6 per cent while its supply rose by 22 per cent in the present quarter. There was 19 per cent demandagainst 33 per cent supply, registering a gap of 14 per cent
BHK wise Analysis
l Central Hyderabad witnessed an oversupply of 21 per cent in the2BHK units during the Jan-Mar 2015 quarter. Demand for thecategory increased by 6 per cent and stood at 61 per cent while itssupply, after dipping by 2 per cent, was 40 per cent
l Both demand and supply for the 3BHK units increased marginallyby 1 per cent during the current quarter. The category recorded 34 per cent demand and 42 per cent supply, registering a mismatch of 8 per cent
l The 4BHK and above category was oversupplied by 15 per cent in thezone during the current quarter. There was mere 1 per cent demandfor the category while its supply was 16 per cent
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)1 BHK
2 BHK
3 BHK
4 BHK & above
DEMAND SUPPLY
Property wise Analysis
94
Q3 Q4
3539
30
18
34
179
Q3 Q4
2225
19
23
20
17
19
1713
5447
Q3 Q4
65
46
Q3 Q4
24
Q3 Q4
55 61
33 34Q3 Q4
42
42
40
41
1614
9
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Apartment
Residential house
Residential plot
33
13 19
3421
25
11 33
7
HYDERABAD 10VOL4, ISSUE 4; JAN-MAR, FY 2014-15propindex.magicbricks.com
Source:Magicbricks.comSource:Magicbricks.com
Source:Magicbricks.com
BHK wise Analysis
Budget wise Analysis
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
Budget wise Analysis
l An oversupply of 19 per cent was noted for properties worth Rs 1 crore and above in West Hyderabad during the current quarter.The category witnessed 11 per cent demand and 30 per cent supply
l Demand for the Rs 60 lakh-Rs 1 crore category led its supply by 7 per cent. There was 22 per cent demand against 15 per cent supply.Similar mismatch was observed in the Rs 40-60 lakh category wheredemand was 36 per cent and supply was 23 per cent
l Supply of the Rs 20-40 lakh category lagged behind its demand by 3 per cent. The category noted 29 per cent demand and 26 per centsupply in the current quarter
DEMAND SUPPLY
DEMAND & SUPPLY - West Hyderabad
Together 2 and 3BHK units registered 96 per cent demand in West Hyderabad. Supply forthese categories was 82 per cent. Larger units (4BHK and above) continued to beoversupplied in the zone.
Demand for apartments and plots increased while residential houses witnessed a dip.Supply increased for apartments and dropped for both residential houses and plots. With 36 per cent demand the Rs 40-60 lakh category was most preferred while the supply wasinclined towards properties worth Rs 1 crore and above in the current quarter.
Property wise Analysis
l Demand for apartments in West Hyderabad increased by 2 per centwhile its supply rose by 3 per cent in the Jan-Mar 2015 quarter.There was 56 per cent demand and 69 per cent supply, registering amismatch of 13 per cent
l Residential houses witnessed a dip of 4 per cent in its demand and 1 per cent in its supply. The category recorded 28 per cent demandagainst 13 per cent supply. A gap of 15 per cent was noted here
l While demand for plots increased by 2 per cent, its supply dipped bythe same during the current quarter. The demand for the categorywas 16 per cent while its supply was 18 per cent
BHK wise Analysis
l Buyer’s preference in West Hyderabad was equally distributedamong 2 and 3BHK category with both registering 48 per centdemand. While demand for 2BHK units dropped by 2 per cent,demand for the 3BHK category increased by 9 per cent
l Supply on the other hand was inclined towards 3BHK units in thepresent quarter. The category noted 47 per cent supply. Supply of2BHK units lagged behind its demand by 13 per cent and stood at 35 per cent
l An oversupply of 15 per cent was noted in the 4BHK and abovecategory during the current quarter. There was mere 2 per centdemand while its supply was 17 per cent in the zone
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)1 BHK
2 BHK
3 BHK
4 BHK & above
DEMAND SUPPLY
Property wise Analysis
Q3 Q4
31 29
32 36
21 2213 11
Q3 Q4
27 26
27
17
21
8
30
15
23
54 56
Q3 Q41614
Q3 Q4
4850
39 48
Q3 Q4
48
16
35 35
17
66 69
Q3 Q41820
47
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Apartment
Residential house
Residential plot
32 28 14 13
6
6
HYDERABAD11VOL4, ISSUE 4; JAN-MAR, FY 2014-15 propindex.magicbricks.com
Source:Magicbricks.comSource:Magicbricks.com
Source:Magicbricks.com
BHK wise Analysis
Budget wise Analysis
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
Budget wise Analysis
l Among all zones, supply of up to Rs 20 lakh category was thehighest in East Hyderabad, recording 47 per cent supply however itsdemand was 8 per cent, registering a significant gap of 39 per cent
l Demand for the Rs 20-40 lakh category led its supply by 23 per centin the present quarter. The category recorded 44 per cent demandagainst 21 per cent supply. Similar mismatch was observed in the Rs 40-60 lakh category where demand was 28 per cent and supplywas 12 per cent
l Demand (14%) and supply (13%) was almost synonymous for the Rs 60 lakh-Rs 1 crore category in the zone during the current Jan-Mar 2015 quarter
DEMAND SUPPLY
DEMAND & SUPPLY - East Hyderabad
With 57 per cent demand, 2BHK units were the most preferred while the supply in EastHyderabad was inclined towards 3BHK category in the Jan-Mar 2015 quarter. Apartmentswere the least supplied property type in the zone during the present quarter.
Most of the buyers in the zone were looking for residential houses while the supply wasinclined towards plots in the current quarter. While demand was high for propertiesworth Rs 20-40 lakh, supply was inclined towards up to Rs 20 lakh category. Propertiesworth Rs 60 lakh and above were oversupplied in the zone during the current quarter.
Property wise Analysis
l Demand for apartments in East Hyderabad dropped by 2 per centwhile its supply dipped by 8 per cent in the current quarter. Thecategory recorded 34 per cent demand and 18 per cent supplyregistering a mismatch of 16 per cent
l While supply of residential houses remained unchanged in thepresent quarter its demand dipped by 2 per cent. Demand for thecategory was 38 per cent while its supply was 20 per cent. A gap of18 per cent was noted here
l Demand for plots increased by 4 per cent while its supply rose by 8 per cent in the current quarter. There was 28 per cent demandagainst 62 per cent supply
BHK wise Analysis
l While demand for 2BHK units remained unchanged at 57 per cent inEast Hyderabad during the Jan-Mar 2015 quarter, its supplyincreased marginally by 1 per cent and stood at 38 per cent
l A 6 per cent increase was registered in the demand for the 3BHK category in the present quarter, which stood at 38 per cent.Supply for the same was 43 per cent, a 3 per cent dip from theprevious quarter
l Supply of 4BHK and above category led its demand by 16 per cent inthe current quarter. The category registered mere 1 per centdemand while its supply was 17 per cent. Demand (4%) and supply(2%) for 1BHK units was negligible
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)1 BHK
2 BHK
3 BHK
4 BHK & above
DEMAND SUPPLY
Property wise Analysis
Q3 Q4
4445
28 28
14
Q3 Q4
4742
2122
14 12
14 13
36 34
Q3 Q4
2618
Q3 Q4
20
Q3 Q4
57 57
32 38Q3 Q4
3837
46 43
1715
148
54
Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Apartment
Residential house
Residential plot
24
40
28
38
62
20
6 6 7
8
7
7
HYDERABAD 12VOL4, ISSUE 4; JAN-MAR, FY 2014-15propindex.magicbricks.com
Source:Magicbricks.comSource:Magicbricks.com
Source:Magicbricks.com
Alwal 2160 to 2500
Ameerpet 3570 to 4550
Appa Junction 2760 to 3170
Attapur 2710 to 3370
Bachupally 1980 to 2380
Bandlaguda 2790 to 3210
Banjara Hills 6680 to 8860
Beeramguda 1780 to 2310
Begumpet 4240 to 5740
Bowenpally 2300 to 2760
Chanda Nagar 2790 to 3500
DD Colony 4230 to 5430
Dilsukh Nagar 2950 to 4060
Dr AS Rao Nagar 2110 to 2600
East Marredpally 3390 to 4610
ECIL 2200 to 2800
Gachibowli 3480 to 4410
Gopanapalli 3290 to 3630
Habsiguda 3510 to 4360
Hafeezpet 3460 to 4190
Himayath Nagar 4430 to 5990
Hitec City 4110 to 5210
Hitex 4400 to 5040
Hyder Nagar 3590 to 4100
Hyderguda 2600 to 2600
Jubilee Hills 6370 to 7810
KPHB Phase 5 2300 to 3220
Kavadiguda 5180 to 6020
Kavuri Hills 4140 to 4900
Khajaguda 3960 to 4610
Kokapet 3500 to 3780
Kompally 2200 to 2710
Kondapur 3280 to 3980
Kukatpally 2980 to 3900
Kukatpally Housing Board Colony 3370 to 4340
LB Nagar 2770 to 3450
Lingampally-Serilingampally 2810 to 3460
Madhapur 4330 to 5310
Madinaguda 3130 to 3600
Malkajgiri 2250 to 3180
Manikonda 2490 to 2960
Mayuri Nagar 2520 to 3020
Mehdipatnam 3360 to 3620
Miyapur 2750 to 3400
MLA Colony 7180 to 8840
Moti Nagar 3940 to 4070
Musheerabad 3410 to 4410
Nagole 2640 to 3220
Nallagandla 3060 to 3820
Nandagiri Hills 8200 to 9790
Narsingi 3070 to 3470
New Nallakunta 3390 to 4470
Nizampet 2190 to 2680
Pragathi Nagar 2170 to 2470
Quthbullapur 2760 to 2840
Rajarajeshwari Nagar 2990 to 3360
Safilguda 1790 to 2390
Sainikpuri 2200 to 2690
Sanath Nagar 4310 to 4990
Shaikpet 3900 to 4630
Somajiguda 5050 to 7040
Sri Ramnagar - Block C 3270 to 3600
Srinagar Colony 4510 to 6090
Tarnaka 3520 to 4220
Uppal 2100 to 2620
West Marredpally 2750 to 3550
CAPITAL VALUES – LOCALITY WISE
Average Listed Residential Apartment Prices
Locality Capital Values (Rs/Sq feet)
Locality Capital Values (Rs/Sq feet)
HYDERABAD
HYDERABAD13VOL4, ISSUE 4; JAN-MAR, FY 2014-15 propindex.magicbricks.com
POLICY PERSPECTIVE14
VOL4, ISSUE 4; JAN-MAR, FY 2014-15propindex.magicbricks.com
P O L I C Y P E R S P E C T I V E
Delhi government to build 27,000 flats for EWS, LIGDelhi government is planning to build 27,000 flats foreconomically weaker section (EWS) and low income group(LIG). The project is in the initial stage and is being drafted bythe Delhi Urban Shelter Improvement Board (DUISB). Theproposal aims at making 27,000 flats under Self FinancingScheme (SFS) in Bhalswa and Savda Ghevra area of Mundkain west Delhi. According to the proposal, the flats will beaccommodated in 14-storey towers with maximum area of1,000 sq ft. The proposal will be tabled before the cabinet forfurther approval.
n Economic Times
Metro connectivity may push realtyMetro connectivity in Delhi NCR is expected to give a push tothe real estate pockets. Recently where South Extension sawthe trail run of the metro in the Haryana state budget, theFaridabad metro link is predicted to function from this year.With the government’s monetary push as declared in the statebudget, the NCR residents have welcomed the announcementwith rejoice. In fact, not just the Faridabad metro but theBahadurgarh link also got monetary allocation and isscheduled to be completed by April 2016. Once completed,Faridabad would also be one of those nodes of NCR that canboast about metro connectivity. Initially, the metro is beingextended to areas such as Sarai, NHPC Chowk, MewalaMaharajpur, Bata Chowk, amongst others.
n Magicbricks Bureau
DELHI
Over 31k affordable flats in GurgaonThe Haryana government said on March 11 Gurgaon's realtyspace has provisions for 31,736 flats in the economicallyweaker section (EWS) and affordable housing categories andasked realtors for a status report on such houses in the city.
The 31,736 flats that are to be built in the EWS and affordablecategories are a part of 208 group housing colonies for whichthe government has approved building plans. Of these, a totalof 7,478 flats have already been allotted. Besides, thegovernment also plans to set aside 7,064 plots for EWS andaffordable housing, 4,556 of which have already been allotted.
n The Times of India
House tax waived from 2008-10 in GurgaonThe MCG has decided to waive property tax for the financialyears 2008-09 and 2009-10. The relief will be provided to self-occupied residences with owners who do not have anypending dues till 2008. According to MCG, property taxes ofthose who have already paid for the said period will beadjusted against future payment. The councillors havedemanded that residents of self-occupied houses be providedrelief for these two years and we have consequently decidedagainst the tax, provided they fulfil the criteria mentioned.Owners must give in writing that they have not leased theirproperty. This document need not be an affidavit but can be aself-attested letter. If somebody has already paid the tax forthis period, it will be adjusted.
n The Times of India
GURGAON
7,400 cr infra plans for GB Nagar Chief minister Akhilesh Yadav has unveiled an "impetuspackage" for infrastructure projects worth Rs 7,400 crore inNoida and Greater Noida. While Noida has prepared a list ofprojects worth over Rs 5,000 crore, Greater Noida's list totalsprojects valued at nearly Rs 1,500 crore. The YamunaExpressway Industrial Development Authority (YEIDA)'s listincludes projects totaling Rs 900 crore. These projects includesubstations, multi-level car parking facility, proposed super-speciality child hospital and postgraduate institution besidesupgrade in traffic and road facilities, including flyovers,elevated roads, bridges and underpasses, sewage treatmentplants, police and fire stations and solar plants. Consideringthis, the real estate market of Noida and Greater Noida isexpected to pick pace soon.
n ET.com
Greater Noida set for 2 new Metro routesThe Noida Authority is set to finalize the detailed projectreport (DPR) for two new Metro routes in March. The tworoutes will bring Greater Noida and Noida Extension closer toDelhi. The plan is to extend the Metro network from NoidaSector 71, while covering various parts of Noida, GreaterNoida and Noida Extension. Another extension, will link Line8 (Janakpuri West-Botanical Garden) of DMRC's Phase-IIIthrough a proposed station at Kalindi Kunj to Sector 143.
n The Times of India
NOIDA
Six-lane elevated highway gets a nod from GDAThe state government gave an impetus to infrastructuredevelopment in the NCR cities, particularly Ghaziabad, byallocating funds for the extension of Delhi Metro's Red linefrom Dilshad Garden and promising to develop a couple ofindustrial clusters in Greater Noida. The state govt alsoapproved the implementation of a six-lane, 10.3km elevatedhighway from UP gate to Raj Nagar Extension, which wasannounced by the GDA last year. A budget of Rs 1,838 crorewas approved by the government for the implementation ofthe 11-km-long Metro line from Dilshad Garden in Delhi toNew Bus Stand in Ghaziabad. The GDA board had inDecember approved the Rs 2,210-crore Metro expansionfollowing a revised project report presented from the DelhiMetro Rail Corporation.
n The Times of India
Ghaziabad gets 448 crore civic push The Ghaziabad Municipal Corporation (GMC) approved abudget of Rs 1,054 crore. This comprises a proposedexpenditure of Rs 448 crore. A major chunk of the proposedexpenditure, Rs 62 crore, was earmarked for variousdevelopment works such as construction and maintenance ofinternal roads, maintenance of parks, and construction ofstormwater drains and so on. How it will impact the realestate market will have to wait and watch!
n The Times of India
GHAZIABAD
POLICY PERSPECTIVE15
VOL4, ISSUE 4; JAN-MAR, FY 2014-15 propindex.magicbricks.com
P O L I C Y P E R S P E C T I V E
Now, no stamp duty on transfer of flat, land to heirsImmovable property — land, house or flat — can now betransferred to one's children or blood relatives without payingstamp duty for registration. This will come as a major reliefas families won't have to pay a 5 per cent of the ready reckonerrate of the property as stamp duty. Making the announcement,the Maharashtra government said an affidavit on a Rs 100stamp paper would suffice. He later changed it to Rs 500 as thegovernment no longer deals in Rs 100 stamp paper forproperty matters. In other decisions announced, those with500sq ft or smaller homes do not have to pay the increasedproperty tax and the government will allow twice the transferof development rights to a landowner in lieu of landsurrendered for a public amenity.n The Times of India
Unauthorized constructions to be regularizedUnauthorized constructions gets a ray of hope. Theconstructions over and above permissible limits may get reliefto some extent, albeit subject to certain conditions, asgovernment has formed a committee to suggest ways on thelines of the policy already firmed up to 'compound' suchconstructions in rural areas. Rao revealed that theestablishment of National Law University at Mumbai hadalready been notified by the government and the Vice Chancellor had been appointed.
n Magicbricks.com Bureau
MUMBAI
Now, paying your property tax is just a click awayThe Pune Municipal Corporation (PMC) has developedpmcconnect.in, a web-based application, to facilitate overseven lakh property owners in the city to pay their propertytaxes online. It is a self-service solution which will helpcitizens to manage the details of their online transactions.Once registered, citizens can view and pay their bills and alsoraise and track service requests. The system is integratedwith the PMC's property tax website and will allow citizens to add their details like email ID and phone numbers in the system.
n The Times of India
Pay more to transfer property in city limitsWith the standing committee approving the proposal to hikethe charges, transferring a property will be costlier in thePune Municipal Corporation'slimit. Most transfers are donein the 'open occupancy' and 'transfer of property to heir'category.��Transfer charges depend on the property tax. Thefees to transfer a property which has an annual tax up to Rs500 is Rs 500. These fees will be increased to Rs 1,000. �If theproperty tax is over Rs 500, then the civic administrationcharges an additional fee of Rs 15 for every Rs 100. Propertyowners will have to pay fees for any changes or correction inthe names of owners. However the increase in charges totransfer a residential property to a family member has beencancelled.
n The Times of India
PUNE
Ahmedabad Metro gets PM nod The Union Cabinet chaired by the Prime Minister, gave itsapproval for Ahmedabad Metro Rail Project Phase-1 coveringa length of 35.96 km at a total project cost of Rs 10,773 crore.Phase-1 will cover a length of 35.96km along two corridors viz.North-South Corridor covering 15.42 km from APMC toMotera Stadium and East-West Corridor covering 20.54 kmfrom Thaltej Gam to Vastral Gam. Project to be implementedby Metro-Link Express for Gandhinagar and Ahmedabad(MEGA) Company Ltd., which will be converted into a 50:50jointly owned company of the Government of India and Govt.of Gujarat. The proposed two alignments are expected toprovide much needed connectivity to the commuters.
n Magicbricks.com Bureau
New policy to quicken riverfront land acquisitionA new policy for those whose land falls within SabarmatiRiverfront Development (SRFD) Plan has been formulated. InSRFD plan, road is proposed on both the banks. Some privateplots on the river banks fall within the proposed road. To takeover the possession of the land from owners, SRFDCL hasoffered the benefit of built-up area and FSI of land acquiredshall be given on the remaining plot of land; and some part ofthe plot goes into the project boundary and the rest allocatedto the owner. In such cases, after deducting the residual landfor project boundary, on the remaining part the owner wouldget benefits of built-up and FSI in deducted plot.
n The Times of India
AHMEDABAD
12 smart cities to come up at ports The government is working on a plan to build one smart cityeach at the country's 12 major ports, at an estimated totalinvestment of Rs 50,000 crore. This includes Kolkata too. Eachport will construct one smart city. We are trying to do this.Each city will be built with an expenditure of about Rs 3,000-4,000 crore. These will be green smart cities. The governmentis starting work on these in four to six months and is expectedto be completed o five years. Apart from Kolkata port, the 11other major ports in the country - Kandla, Mumbai, JNPT,Marmugao, New Managlore, Cochin, Chennai, Ennore, V OChidambarnar, Visakhapatnam and Paradip. These cities willhave wide roads, green energy, advanced townships andgreenery, schools, commercial complexes and other amenities.
n Economic Times
Leasehold land transfer to family made easierThe state government has made transfer of leaseholdproperties within blood relations in townships will be easierwith a nominal transfer fee and hassle-free processing system.As in all leased holdings, one needs to take prior permissionfrom the authority who had leased the land. In quite a fewoccasions, the development authorities used to charge highamount of transfer fees and the process was also time-consuming. To make the process easier, the transfer ofleasehold land within blood relations will be allowed against aminor processing fee of Rs 1,000.
n The Times of India
KOLKATA
POLICY PERSPECTIVE16
VOL4, ISSUE 4; JAN-MAR, FY 2014-15propindex.magicbricks.com
P O L I C Y P E R S P E C T I V E
Online property tax payment without transaction feeChennaiites can now pay property tax online onwww.chennaicorporation.gov.in by using the online paymentgateway services of ICICI Bank without any transaction fee.Earlier, a tax payer had to pay a transaction fee to the bank forthe online payments made through credit and debit cards andnet banking. The online payment facility is particularlyhelpful for people who have properties in the city but work orlive abroad. The civic body has extended various modes ofpayments to the tax payers. They include collection countersat headquarters, zonal offices, divisional offices, direct bankwalk in payment and online payment facility.
n The Times of India
Rs 400cr for smart city infra projects The state government have recently set the ball rolling forCentre's smart cities scheme. It announced `400 crore inanticipation of the Centre's approval for inclusion of 12municipal corporations in the state in the scheme. TheCentre's programme envisages creation of 100 smart cities.The Centre is yet to take a call. The government has allotted`500 crore under Chennai Mega City Development Mission and`750 crore under Integrated Urban Development Mission forthe fourth successive year. At least 1,084 water supply projectsand 74 underground sewerage schemes, besides 3,304km ofroads have been taken up under these schemes in the state.Most of them are in various stages of completion.
n The Times of India
CHENNAI
Telangana Budget 2015: Real estate perspectiveIn the state Budget 2015-16, in the total of Rs 1, 15689 crorebudget, state’s finance minister tried to touch every aspect ofthe state work, including the reviving real estate market.
Greater Hyderabad Municipal Corporation (GHMC),Hyderabad Metro Rail (HMR) and Hyderabad MetropolitanWater Supply and Sewerage Board (HMWSSB) received Rs 526crore, Rs 416 crore and Rs 1,000 crore respectively. In additionto it, the government has also earmarked Rs 1,000 crore for2015-16 for the 2BHK housing scheme to the poor, Rs 1,600crore have been allocated for the development of flyoverswhile Rs 4,980 crore has been sanctioned for the constructionof roads and buildings in the state.
n Magicbricks Bureau
Penalty amount reduced for land regularizationTelangana government has reduced the amount of penalty forregularizing government land encroached by privateindividuals. The move came in the wake of poor response tothe land regularization scheme and several representations tothe government from potential beneficiaries seekingreduction in the penal amount. With regard to regularizationof land up to 125 square yards, it would be done withoutcollecting any penal amount. However, if a case comes up in anotified slum where more than 125 sq yards are sought to beregularized, the applicant will have to pay 10 per cent of theregistration fee for the excess land.
n Times of India
HYDERABAD
Promise of Rs 4,700 cr good news for home buyers?Of the Rs 1, 42,534 crores of consolidated funds, approximatelyRs 4,700 crore is set aside for Bengaluru city. Although much ofthe State Budget revolved around social welfare, real estateneedn’t look down. If housing were to be our sole concern,here are the highlights- The Karnataka government is set torevamp the fate of housing in the state. Not only does itconcentrate on the benefits for the have-not’s with over 20,000sites to be distributed for such beneficiaries, there is emphasison formulation of slum development policies and provision ofaffordable houses. For the ones who can manage to own ahouse, there is good news. The city can expect simplificationof housing related laws, rules and procedures. What exactlywould this compromise, only time can tell.
n Magicbricks Bureau
Soon, no residences in Bengaluru's industrial zonesAfter facing plaints from industrial bodies on big apartments,residential layouts and individual houses creating problemsfor them, the state government is all set to remove "deemedresidential status" given to owners of the plot in industrialzones. Deemed status allowed the owners of plots in the areaearmarked for industries to automatically build apartments orhousing layouts without seeking a conversion or change ofland use for "residential" purpose from the competentauthority. That luxury will now change.
n The Times of of India
BENGALURU
Few infrastructure projects announced this yearThe Budget 2015 had very little to offer the city in terms ofmajor infrastructure projects. However, the already existingprojects such as Vellalore bus stand, multilevel car parkingand ring road around Sanganoor pallam and few freshannouncements such as to make Coimbatore a WiFi city, e-waste warehouse, natural fertilizer factory, bio-methanisationplant, etc. have been made to spike public interest. A sum ofRs157crore has been allotted for road works and Rs2crore forstreetlights is another initiative announced amongst othersthat can have an impact on real estate market here.n The Times of India
COIMBATORE
String of civic works inaugurated at VadodaraState minister for transportation and water suppliesinaugurated development works worth Rs 18.78 crore in thecity. These include a water tank with other infrastructure anddistribution network at Chhani at a cost of Rs 12.5 crore. Thenew Harni water tank was also dedicated to the city. It willalso include13 anganwadis (courtyard shelters) in the southzone of the city and the renovated crematorium at Laxmipura.Other works that were inaugurated include a pay and userestroom near Bhimnath bridge as well as traffic signals atthe Mahavir Hall Crossroads and Vrundavan Crossroads.n The Times of India
VADODARA
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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