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We are delighted to share that PropIndex has completed a year!

It has been an eventful year for us, in our quest to support a data-driven decisionmaking approach while investing in the real-estate sector. This anniversary issue isspecial and has lots extra -

l CREDAI has joined hands to make this issue special. Find commentaries fromvarious city units of CREDAI on their interpretation of market performance.

l “User Demand Analytics” has been expanded - find analysis of User Demand atSuburb level; plus we initiate “Top 10 Localities” in each city; and much more.

l We’ve expanded the coverage of localities for Capital Values to 620+.

Despite tight monetary conditions and slow offtake, values of residential propertymaintained a growth of 8-10% across cities. As a result, 9 of the 11 indexed citiesshowed a rise in the property index values. However, the cash-squeezed consumer madeshifts towards the suburbs in search of lifestyle and better deals. While broad priceranges were present at the macro level, only properties that were being actively soughtby buyers were being listed for sale. Rental markets swung to infrastructure beats androse on better transport connectivity.

We’re also happy to let you know that Magicbricks.com continues to consolidate itsmarket leadership position – we continue to gain market share every quarter. Activeclients now number 7000+; the site gets 40 lakh visits per month; and now throws up onaverage 80,000 enquiries per day! As you read this issue, we would have launched a newsection on our site to focus on “New Projects” (www.newprojects.magicbricks.com). Wecontinue to look forward to your support to make these new launches successful!

On our first anniversary, we wish to thank our readers, the developer and agentcommunity; many of whom shared feedback and pushed us to improve ouranalytics/content – and thereby helped to shape PropIndex into what it is today. We’vereceived heart-warming testimonials from Industry Stalwarts, and this continues toencourage us to work harder to make PropIndex even better. We solicit your feedbackfor the current issue - please do write in!

FOREWORD

Sudhir PaiBusiness Head, [email protected]

“The progress of sectors have been aiding the phenomenalgrowth of the Indian economy and are one of the majorcontributors to the emergence of the GDP initiation of thecountry. Now we need benchmark value indicator in thereal estate industry across the country which can guideconsumer and assist developers in analysing city rates andtrends. A shining case study in this parlance is the RealEstate sector of Hyderabad wherein revolutionary reformsin realty bye-laws along with proactive measures like theconcept of FSI, prescription of uniform setbacks for alltypes of use of buildings, density and ground coverage ofplot, permission on height of the building with reference to

plot size and the abutting road width and allowance of liberal multi-level parking havehelped the Hyderabad real estate sector to reach the zenith of the Indian realty boom.Magicbricks PropIndex provides structured and transparent matrix and I am lookingforward to consider these case studies as Benchmark in such reports. We congratulateMagicbricks.com for completing one year for this report and look forward for moreknowledge initiatives and reports from the Group.”

INDUSTRY VIEWPOINT

Lalit Kumar JainPresident, CREDAI National &Chairman, Kumar Urban Development Ltd. (KUL)

The market is mature and there is no speculation at thispoint of time. We expect that in the coming times, this willcontinue as the demand and supply ratio will remainbalanced. The investors are aware that the appreciation isa gradual process and properties will appreciate at a goodrate provided one can hold the investment for 2 to 3 years.Your magazine is a well produced, interesting andinformative package that makes it a delightful read. Thepresentation of the magazine is very attractive andcolourful, making it easy to go through. The articles aremostly supported by researched facts and figures, with thedifferent sections well thought-out and these should prove tobe popular among professionals from all walks of business and marketing.

Navin RahejaPresident, NAREDCO &

CMD, Raheja Developers

CREDAI NATIONAL PRESIDENT

NAREDCO PRESIDENT

MagicBricksPropIndexMagicBricks.comPropIndex is a tool whichempowers propertyseekers and investors withdetailed information onthe movement ofresidential apartmentprices and supply ofproperties in India. Nocredible property indexcan be a function of directvalues as the changes aregoverned by multiplefactors.

MagicBricks.comPropIndex has taken thisreality into account andproduced an index basedon listing of apartmentsand their capital andrental values on thewebsite.

MagicBricks.com has over 4 lakh active propertiesposted by more than1,00,000 active users in 300cities and 3,500 localities.Our users include owners,agents and developers.

MethodologyApartment values andlistings on the basis of theMagicBricks.comPropIndex. These includemultistorey apartmentsand single units on plotteddevelopments, referred toas builder floors onMagicBricks.com.

The Index is structured in

such a way that individualproperties are aggregatedinto respective cities andthen to the National Index.Weightages for PropIndexare based on the supply ofproperties within thelocality/city. Based on thisstructure, PropIndex givesa realistic picture oftrends in price/supplyacross different propertymarkets in each city. Wehave used differentweightages for PriceMonitor/Rent Monitor.Therefore, read as a whole,PropIndex along withtables provided for PriceMonitor, Rent Monitor,Yield Monitor and CapitalValues. PropIndex gives anexcellent perspective ofthe property marketperformance in thequarter.

While listing and itsvalues/supply provide alevel of understandinginto the market, there aremeticulous data checks toprevent aberrationscreeping into the Index.These are based onstatistical calculations andlogical interpretations.

The National PropertyIndex (NPI) is indicative ofthe extent of activity aswell as price movementsacross cities and localitiesin the major cities activeon MagicBricks.com. Theindex includes the top 11cities (these have been

chosen based on theiractivity levels) and has anindividual city report foreach of these cities. Whilethe NPI and its movementsare of interest to theexpert community ofbankers, builders andinvestors, the PropIndexhas also taken care toexplain the nuances ofindex movements at thelocality level that wouldhelp the huge base ofMagicBricks.comconsumers.

Insights into consumerdemand have beengathered through analysisof search information onthe site. This helpsunderstand the bestlocalities by demand, thetype and configuration ofunits as well as the budget-wise preferences.

The PropIndex is the resultof meticulous research atthe locality level andthrough detaileddiscussions with experts atMagicBricks.com’s offlineand online initiatives.

The Indian real estatemarket is dynamic and thePropIndex reflects thosechanges. Since it is derivedfrom a dynamic database,additions and deletions oflocalities happen as afunction of marketdynamics.

METHODOLOGY

There is a wealth of information within these pages. For better readability, we have presented somedata as tables and others as graphs. Between them, you will find how property markets haveperformed in the Jan-Mar 2012 quarter from many different perspectives – from that of capitalappreciation, from a rental/yield realization perspective and from the stand of supply of properties.Also understand what consumers want in the Demand Analysis section.

We recommend that you evaluate the city report in its entirety and that will provide a roundedperspective of the performance of the property market within each city. Here are details of whatyou will find in each of the city reports enclosed within -

1. City Property Index - This is a composite index which is a function of supply of properties aswell as the average capital appreciation/drop in various localities of the city in the quarter. Thecity index is the weighted average of the average rate per square foot in that locality and thesupply of properties from that locality. Premium localities (with higher average rate per squarefoot) as well as localities with higher supply of properties will have a bigger impact on theIndex. For example, if the supply of properties from a premium locality drops, that locality willend up having a lower weightage in the index which in turn will push the Index downwards(and vice-versa). On the other hand, supply of properties remaining unchanged, the index willbe influenced by capital appreciation within the locality.

2. Price Monitor - This reflects the capital appreciation/drop within a locality. It is calculated onthe basis of movement in the “average rate per square foot” within that locality. By and large, the movement in the “average rate per square foot” reflects capital appreciation/drops. However, in a few select cases, we have observed that the average rate per square footmoves due to a change in the mix of apartments within that locality (e.g. if the ratio ofpremium apartments, which command a higher per square foot rate, changes over the quarter).In these few circumstances, the Price Monitor will, in turn, reflect this input. Such changeshave been explained in the text of the City Reports.

3. Rent Monitor - This reflects the rental appreciation/drop within a locality. It is calculated onthe basis of movement in the “average rent per square foot” within that locality. By and large, the movement in the “average rent per square foot” reflects rentalappreciation/drops. However, in a few selected cases, we have observed that the average rentper square foot moves due to a change in the mix of apartments within that locality (e.g. if theratio of premium apartments, which command a higher per square foot rent, changes over thequarter). In these few circumstances, the Rent Monitor will, in turn, reflect this input. Suchchanges have been explained in the text of the City Reports.

4. Yield Meter - Yield is the annual rate of return earned on property. The Yield Meter depictsthe gross yield percentages across various localities. Gross yield is a ratio of average annualrental value to the average capital value of the property.

5. Capital Value Tables (given in Annexures) - This shows the actual range of prices withinwhich properties were available in each locality in the quarter. Prices are shown in rupees persquare foot basis; these are the prevailing rates for properties in each locality.

6. Demand Analysis - This analysis of consumer demand is based on searches and requirementsthat users have performed on MagicBricks.com. The top localities by demand gives an insightinto consumer peferences. The demand data has been used to arrive at various aspects ofconsumer requirements including Budget-wise analysis, Property type analysis and BHKconfiguration analysis.

GLOSSARY & DEFINITIONS

JAN-MAR 2012

The National Property Index(NPI) went up by over 2% in theJan-Mar 2012 quarter compared toOct-Dec 2011 quarter.

The NPI is a weighted average ofsupply and prices across 11 citiescovered in India.

Out of 11 cities in the ApartmentIndex, 8 cities have seen a rise.These include Delhi, Kolkata,Bangalore, Pune, Ghaziabad,Gurgaon, Hyderabad and Noida.Delhi and Kolkata topped the CityIndex chart by registering 9% and8% increase respectively.Ghaziabad, Bangalore, Gurgaonand Pune witnessed a 4-5% risefollowed by Hyderabad and Noida(1-3%). Ahmedabad showed stableindex values. On the other hand,Mumbai and Chennai witnessed aminimal drop of 1-2%in the Jan-Mar 2012 quarter.

The NPI is a weighted average ofcity indices. Mumbai, Gurgaon,Pune and Bangalore remained themajor contributors to the NPI.

The MagicBricks.com PropIndexis based on dynamic data minedfrom the portal to show the levelsof supply and the type of propertylisted in each locality. These arecleaned with complex algorithmsto remove outliers and arrive atthe index values for locality, cityand national levels. The Index isimpacted by the number and theaverage price of properties ineach locality and the locality’sweightage in the city.

This is based on its contributionto the city’s property databank.The listings on the website are byend users and market players andthe Index is based on a mix ofnewly developing and establishedlocalities.

New and old constructions alsoform part of the listings. Thecomposite index value of a citydraws from the changing indexvalues of different localities.Localities that were more activecompared to others can contributesignificantly to the index values ofthat city.

This Index is reflective of trendsacross multistorey and singlefloor apartments (commonlyknown as builder floors).

n National Property Index(NPI) rose over 2%

n Transport connectivity andaffordability remained topcriteria among consumers

n Majority of consumerdemand exists for propertyworth upto Rs 60 lakh

n Ready-to-move-in andproperty near completionstage are maximum indemand

IN THIS REPORT:

National Property Index...............1Delhi.........................................4Gurgaon....................................9Noida & Ghaziabad................... 15Mumbai....................................22Pune........................................28Ahmedabad..............................33Kolkata...........,........................ 37Chennai....................................42Hyderabad................................47Bangalore.................................52Annexures.................................61

NATIONAL PROPERTY INDEX (NPI)

ANNIVERSARY ISSUE; JAN-MAR, FY 2012-13

JAN-MAR 2012

NATIONAL PROPERTY INDEX

There are certain commonthreads across the city:

l Cities have witnessed migrationof working population toaffordable locations in thesuburbs with good connectivityand availability of propertieswith all new modern lifestylefeatures.

l Cities continued to witnessgood demand for properties inand around commercial centresfor both outright purchase aswell as rentals.

l Improvement in infrastructurefacilities such as roadwidening, opening of newtransport connectivity such asmetro rail and other proposedprojects exhibited positiveimpact on capital as well asrental values.

l Increasing land acquisitioncost, construction cost and tightmonetary policies were some ofthe main deterrents for ahealthy growth in averageproperty prices.

l Increase in values across IT-driven localities in cities suchas Bangalore, Pune, Kolkata,Hyderabad and Chennai forboth, outright purchase andlease.

l Demand for larger unit sizeproperties mainly witnessed inpremium localities in therespective cities.

l Traditional unit size propertiesin the 2 and 3BHK categorycontinued to be the commonman’s choice across all cities.

Inspite of increase in averagecapital values registered in closeto 80% of the localities across the

city, the Ahmedabad Index valueremained stable. This wasprimarily attributed to a drop inlistings in most active areas suchas Vastrapur and Bodakdev. Thiskept the city index values stablein the Jan-Mar 2012 quarter.

The Bangalore Index rose by 4%.The increase in the city index wasprimarily attibuted to averageincrease in property values andspurt in property listings in the



localites in East, North and Southzones. Due to ongoing andproposed real estate developments,there was a shift witnessed in theinvestor interest towards thenorthern part of the city. However,active IT-driven localities in theother part of the city continued towitness end-user interest.

The Chennai Index dropped by1%. Small decline in averagecapital values as well as listingspushed the city index downwards.The localities in South zonecontinued to witness maximumactivity, primarily on account ofpresence of IT companies,connectivity and availability oflarge number of options across allprice ranges.

The Delhi Index rose by 9%. Anupward trend in average capitalvalues in close to 90% localities ofthe city pushed the index valuesup. The localities such as Dwarka,Safdarjung Enclave, GreaterKailash I & II, IndraprasthaExtension and Mayur Vihar Phase1 were the major contributors.Asking values remained high inthe anticipation of a reduction inhome loan interest rates.

The Ghaziabad Index rose by 5%.The localities with good metroconnectivity continued to witnesshealthy demand from bothinvestors as well as end-users,resulting in an increase inaverage capital values. Theincrease in weightage of localiteswith affordable options tooimpacted the index positively. Thiscollectively pushed the Indexupwards.

The Gurgaon Index rose by 4%.Over 80% localities showedincrease in average capital valuesacross the city. Sectors along theDwarka Expressway, Golf CourseRoad and availability of propertiesat relatively affordable prices inSectors 80, 81, 83, 84 and 92 werethe major contributors. This tiltedthe Index upwards. Currently, theGurgaon-Dwarka Expressway isunder-construction and thecompletion is expected to further

boost property values along thisstretch.

The Hyderabad Index value roseby 3%. Irrespective of theunsettled Telangana issue andslow growth rate, localities inproximity to IT hubs continued towitness rise in capital values. Theaverage property values remainedup across the city, except in Uppaland Begumpet. The increase inprices was primarily due to highconstruction and raw materialcost, in addition to healthydemand from end-users.

The Kolkata Index value rose by8%. Close to 70% of the localitiesimpacted the city index positively.This led to significant rise in cityindex. Stable demand forproperties in premium localitiesin southern region and localitiesaround Rajarhat and Newtownarea were the major drivers.

The Noida Index value was up by1% in the Jan-Mar 2012 quarter.Residential demand remained upacross the city as emerging areassuch as Sectors 74, 75, 76, 78 andNoida Expressway sectors saw ahealthy rise in values.UnsettledNoida Extension litigation andslow growth rate in new launcheskept the asking values high.

The Pune Index value rose by 4%.There was consistent growth inthe average capital values acrossthe city. Areas such as Hadapsar,Magarpatta, Viman Nagar andBibwewadi were the major thecontributors that pushed the Indexvalue up.

The Mumbai Index witnessed adrop of 2% in values. Factors suchas weak consumer sentiments anddrop in rate of new launches inthe city dragged the Indexdownwards. Across Mumbai,market preference veered towardsaffordable locations, in bothcapital and rental values. Areasthat outpriced itself saw an exit ofconsumers, whether in city centreor suburbs.

TOP YIELD GROSSERS

Rental yield is a factor of the changes inrental values locality-wise vis-a-vis thechanges in capital values. Given beloware the top yield-grossing localities ineach city

Locality Gross yield

Kolkata, EM Bypass 6.14%

Bangalore, Electronic City 5.87%

Hyderabad, Kondapur 4.68%

Chennai, OMR 4.65%

Mumbai, Bandra East 4.27%

Ahmedabad, Vejalpur 3.60%

Ghaziabad, Indirapuram 3.33%

Pune, Viman Nagar 3.32%

Gurgaon, Sushant Lok-I 3.18%

Noida, Sector-50 2.70%

Delhi, Vasundhara Enclave 2.59%

CAPITAL GAINS

The table given below indicates maximum increase in capital values ineach city

Locality % Change

Chennai,Nungambakkam 16%

Gurgaon, Dwarka Expressway 16%

Bangalore, Koramangala 14%

Delhi, Panchsheel Enclave 14%

Noida, Sector-75 13%

Hyderabad, Bowanpalli 13%

Ghaziabad, Indirapuram 12%

Pune, Hadapsar 11%

Mumbai, Virar 11%

Ahmedabad, Gandhinagar 10%

Kolkata, Jadavpur 10%

3

NOIDA INDEX

The Noida Property Indexcontinued to witness an upwardtrend quarter-on-quarter. The cityindex rose by 1%, lower than theNPI which rose by 2% in the Jan-Mar 2012 quarter.

The Noida Price Monitor tooremained up and registered anincrease of 5%, well above theincrease registered by the CityIndex. Upward trend in averagecapital values in majority of thelocalities across the city pushedthe Price Monitor up. Demand forproperties in the ready-to-move-inand near-completion stageswitnessed maximum hike inaverage capital values. Lack ofclarity on Noida Extension issuealso benefitted the residentialprojects in Noida.

The MagicBricks.com Yield Meterposted returns of 2.58-2.70% in theJan-Mar 2012 quarter compared to

2.76-2.89% in Oct-Dec 2011 quarter.Fall in gross rental return wasprimarily attributed toconsiderable hike in averagecapital values in comparison tostable rental return in the quarter.

GHAZIABAD INDEX

The Ghaziabad Property Indexposted 5% increase compared tothe NPI that rose over 2% in theJan-Mar 2012 quarter compared tothe previous quarter.

The Ghaziabad Price Monitorregistered an increase of 15%during the Jan-Mar 2012 quarter.Considerable increase in averagecapital values across the citytilted the index upwards.

The MagicBricks Yield Meterremained in the range of 2.64-3.33% in the quarter.Indirapuram continued to posthighest yield q-o-q on the back ofconsistent demand for propertieson lease. On the other hand,Vaishali posted a drop in yieldfrom 3.19% in Oct-Dec 2011quarter to 2.64% in Jan-Mar 2012quarter. This is primarilyattributed to spurt in capitalvalues.

NOIDA PRICE MONITOR

Noida continued to witness rise invalues in localities acrossdeveloping Sectors such as 75 to78, and Expressway. Realtorspointed out that reputed groupshave introduced projects in these

areas, pushing values up as veryfew units are available now.

Ravinder Jha of ShakshamRealtech said, “Most Sectors suchas 74-78 and along the Expresswaysuch as 137 and 143 have alreadysold out maximum available unitsdeveloped by reputed groups.Shrinking supply is leading torise in residential prices.”

Sectors 74, 75, 76, and 78 have seena rise of 5-13% in capital values inthe Jan-Mar 2012 quartercompared to the previous quarter.

Debendra Sahoo of ResourceInfratech Pvt Ltd said that thisquarter saw the demand for both,projects by private developers andNoida Authority approvedprojects in Sector 74. “About 70%apartments are sold out already,”he said.

Sahoo added that the main driversfor these localities were projectsin the close to completion stage,commercial and industrialdevelopment and affordable prices

NOIDA-GHAZIABAD15ANNIVERSARY ISSUE; JAN-MAR, FY 2012-13

PROPINDEX - NOIDA-GHAZIABAD QUICKSTATS - Noida

n Yield Meter: Yield ranges between2.58% to 2.70%

n Capital Values rose in 89% localities

n Rental Value remained stable

n PropIndex rose from 144 to 146

n Price Monitor rose from 121 to 127

Rank 1 Sector-50

Rank 2 Sector-62

Rank 3 Sector-137

Rank 4 Sector-82

Rank 5 Sector-93

Rank 6 Noida Extension

Rank 7 Sector-61

Rank 8 Sector-100

Rank 9 Sector-74

Rank 10 Sector-93A

New

Top ten preferred sectors- Noida

compared to developed sectorssuch as 41 and 50. “For the actualbuyers, amenities such asproximity to Noida, good socialand civic infrastructure, distanceof about 1.5 kms to FNG corridorare attracting buyers to thisarea,” Sahoo said.

These sectors scored on proximityto Sector 50 and City Centre metrostation. In addition, the areashares excellent connectivitythrough FNG corridor and NH-24.Expressway will be only about 4-5kms away from these areas afterthe completion of the underconstruction bridge over thewater canal, said Saurabh Mehanof Real Estate Factory. More than

10-12 projects are planned inSector 78, which are due forcompletion by 2012 or next year.

Developed sectors such as 50 and62 saw a rise of 7% and 2%respectively. Mohd Rashid of CitiPropmart Pvt Ltd said thatmaximum demand has been forproperties in the Rs 1-5 crore.

“Most of the residentialapartments here are Authorityallotted and enjoy fully developedneighbourhoods with shoppingcomplexes, schools, colleges etc,”Rashid added.

Sectors along Noida Expresswayhave seen a stable rise of 1-8% inJan-Mar 2012 quarter. Being alocation with great potential,Yamuna Expressway offersproximity to New Delhi throughDND, proposed metro route up toPari Chowk, and planned Airportin the locality, Rajesh Singh ofRajmani Properties said.

Sectors 82, 93B and 100 have seenan increase of 7%, 8% and 5%respectively. Ashok Malhotra saidthat Sector 82 has beencontinuously seeing increase incapital values as it’s an upcoming

NOIDA-GHAZIABAD 16ANNIVERSARY ISSUE; JAN-MAR, FY 2012-13

P R I C E M O N I T O R

Ghaziabad and Noida havepicked up pace when it comes tobeing the preferred location forhome buyers. This is basicallybecause of the availability ofaffordable homes for the middleclass and upper middle class inthese two areas. We can call themthe twin cities as both areflourishing because of each other.

Noida has the presence of somegood MNCs and it being close toGhaziabad meant that Ghaziabadgot its share of homebuyers.Developers too realised the factand came up with projects thatcater to this segment of buyers.Noida’s driver is its well plannedareas and coming up ofinfrastructure before the projectssee the light of the day.

These cities were chosen becauseof the proximity to the workingplace, within the budgetaccommodations, goodconnectivity, schools andhospitals in the vicinity, andbetter lifestyle. There is goodpotential here only if thedevelopers keep the real demandin mind.

Even when all the other NCRtowns were facing lack ofappreciation, these two citiesgave good value for money topeople. This in itself is selfexplanatory about the prospectsof these two towns.

CREDAI’s TAKE

Manoj GaurPresident CREDAI (Western UP)


residential and commercial hub.“The locality is near the SpecialEconomic Zone (SEZ) and Sectors125, 126 and 127 where ITcompanies like HCL Technologiesand Perot Systems are present.Also, Sector 82 is nearinternational schools and well-connected by bus and autoservice,” Ashok Malhotra ofSuvidha Real Estate said.

Sectors 137 and 143 too arepromising, having seen a rise of5% and 3% respectively. AnkitJain of Nirman Associatespointed out that the proposedmetro railway line promises a

station on Sector 137 across road.This sector is also seeing manyprojects and is definitely a fastgrowing area, Jain added.

Krishan Kant Sharma from ExploInfra Estates said that Sector 137seems to have a brighter futuremainly because of its proximity todeveloped sectors of Noida.

GHAZIABAD PRICE MONITOR

In Ghaziabad, capital values roseduring the Jan-Mar 2012 quarter.The developed localities such asVaishali and Indirapuram havewitnessed maximum rise in

capital values owing to metroconnectivity and easy access to allfacilities such as malls andsupermarkets. In Vaishali, therewas a positive change of 27% inthe same quarter whereas in

RENT MONITOR Rent Price Percentage Change

QUICKSTATS - Ghaziabad

n Yield Meter: Yield ranges between2.64% to 3.33%

n Capital Values rose in 83% localities

n Rental Value rose in 100% localities

n PropIndex rose from 119 to 125

n Price Monitor rose from 103 to 118

NOIDA

n Sector 50 posted maximum yield, at 2.70%

n Sector 82 posted lowest yield, at 2.58%

GHAZIABAD

n Indirapuram still posted highest yield

n Increase in average capital values overrental values dragged down the grossrental return in Vaishali

Y I E L D M E T E R

“Before launching aproject we get themarket feel by spreadingthe word about theproject. As far asstructured data isconcerned, it definitelyhelps in saving a lot oftime for us. In addition,the internet age hashelped a lot incommunicating with theprospective buyers.”

Sanjay RastogiDirector, Saviour Builders Pvt. Ltd.


Indirapuram the values have goneup by 12%.

In comparison to other localities,the prices in Ghaziabad,especially in Vaishali, have seenmaximum rise due to itsproximity to metro and othermode of trasport. On the otherhand, values in Indirapuram rosedue to proximity to NH 24Highway, Noida and other partsof Delhi NCR, said AbhishekKakkar of Realty Planner Pvt.Ltd.

In addition, the localities inGhaziabad have capitalized on theland acquisition row in GreaterNoida Extension, due to which thebuyer interest moved here.

Vasundhra has also posted risingvalues due to many upcominghigh-end projects such as OliveCounty by the Orange CountyBuilder, said Sunil Rawat,Director of Six Sense Realtors.

Areas such as Raj NagarExtension posted a healthy 9%rise in average capital values. But,Raj Nagar Extension incomparison to other localities was

unable to attract end-userinterest. The majority of thebookings in the locality are onlyby investors. Despite goodapproach road, the locality loseson connectivity such as metro.Also buses and auto are not easilyaccessible, said Rawat.

Capital values in CrossingsRepublik remained stable in thesame period due to its weakinfrastructure. The area has onlyone road - NH 24 Highway whichconnects it to other localities. Alsothe prospects of a dumpingground in the vicinity hasadversely affected the averagecapital values in the locality,added Rawat.

NOIDA RENT MONITORRental values across localities inNoida remained stable quarter-on-quarter, with a similar trend thisquarter.

Sectors 50, 61, 82 and 92 have seenno change in values this quarter.Market sources say peoplemigrating to nearby affordablelocalities like Indirapuram pulleddown rental values in Noida.

Virendra Dhingra of Dhingra &Associates said, “Rental markethas remained down this quarteras there has hardly been anydemand owing to high rentalvalues in these Sectors.”

Ravinder Jha added that a 2BHKin Noida which was available onlease for Rs 17,000-18,000 permonth six months ago is nowavailable for Rs 20,000 per month.This has led to users moving toaffordable locations along theExpressway or Ghaziabad.

“Apartments in Vaishali offerreasonable lease rates andconnectivity through the metromail,” he said.

GHAZIABAD RENT MONITOREnhanced metro connectivitycontinued to boost average rentalvalues in Vaishali andIndirapuram. While the rentalmarket in Indirapuram

outperformed that of Vaishalidue to its proximity to NH 24,which connects the area to Noida.The demand for rental apartmentsin Indirapuram was more fromemployees working in companiesin Noida Sector 62-63, said realtorSunil Rawat.

Rental values in Vasundhra andCrossings Republik too rose dueto its proximity to Highway. Also,these areas offer better rentaldeals.

JAN-MAR 2012

n Noida city index rose by 1%

n Shrinking supply lead to rise incapital values in Noida

n Projects in sectors 75-78which are near to completionstage witnessed rise in capitalvalues

n Shift in rental demand toneighbouring areas resulted inno change in values in Noida

n Ghaziabad index rose by 5%

n Improved metro connectivitycontinued to boost residentialdemand and capital values

n Lack of clarity on NoidaExtension litigation benefitedthe Ghaziabad residentialmarket

Rank 1 Indirapuram

Rank 2 Vaishali

Rank 3 Crossings Republik

Rank 4 Vasundhara

Rank 5 Raj Nagar Extension

Rank 6 Kaushambi

Rank 7 Vaishali Extension

Rank 8 Ram Prastha

Rank 9 Shalimar Garden

Rank 10 Shalimar Garden Extn.-1

New

Top ten preferredlocalities- Ghaziabad

“Structureddata helpsin gaugingthe buyer

demandbut one hasto useprimary

data collected too frommarket andgovernment agencies.Then, both should becompared to come to aconclusion. Feeling ofjob security, steadyincome, peace of mind,appreciation prospectsand the optimism forthe future - allcontribute to a goodinvestment climate inreal estate sector.”

Mohit AroraDirectorSupertech Ltd


NOIDABudget Wise Analysis

Lower budget properties worth upto Rs 30 lakh registered uniformuser interest across the citybetween 4-6%. Statistics indicate

availability of properties in thisbudget was least in old developedareas. In other areas such asSectors along the Noida-GreaterNoida Expressway and upcomingdeveloping areas, supply was inline with requirement.

In Noida, residentialdevelopments in the range of Rs30-60 lakh registered highestconsumer demand in NewDeveloping Sectors 70-78.Residential development along theNoida-Greater Noida Expresswayand old established areas too sawover one third of user demand inthis budget bracket. Thisindicates healthy user interest inproperties in this budget. Supply

was also stable in New DevelopingSectors with similar trend alongthe Expressway. However, supplywas relatively low in Old Noidaareas owing to larger unit sizeproperties and higher per sq ftvalue.

Properties in the range of Rs 60lakh to Rs 1 crore too registeredsignificant demand and supplyratio. Healthy demand and supplywas witnessed in higher budget

properties in areas along theExpressway and Old Noida areas.However, demand as well assupply activity was limited inNew Developing Sectors.

Property Type AnalysisResidential developments alongthe Expressway and in NewDeveloping areas registered over80% supply of multistoreyapartments. These areas alsowitnessed highest user interest inthis typology with over 85% ofconsumers willing to buy

multistorey apartments. Though,the other type of residentialhousing such as residentialhouses/villa and plotteddevelopments saw limited userinterest and supply.

The proportion of supply formultistorey apartments was alsogood in old established areas ofthe city with over 50% availabilityin this typology, followed by

B U Y E R D E M A N D A N A LY S I S

“We take the help ofour associates andvarious surveyagencies to knowabout the market.Internet tools are alsoput to use to get theidea of real demand. Italso helps us know thekind of facilities andamenities that peopleneed in their dreamhomes. Structureddata will help a greatdeal and also cut thecost.”

Dhiraj JainDirectorMahagun India (P) Ltd.

Budget wise Analysis - New Developing Sectors

70

60

50

40

30

20

10

0<30 30-60 60-100 100-200 200 &

above

4

Fig

ures

in p

erce

ntag

e(%

)

Figures in lakh

7

51 51

3026

9 9

6 7

Demand%

Supply%

Budget wise Analysis - Greater Noida expressway

70

60

50

40

30

20

10

0<30 30-60 60-100 100-200 200 &

above

5

Fig

ures

in p

erce

ntag

e(%

)

Figures in lakh

6

3833 32

24

1821

7

17

Demand%

Supply%

Budget wise Analysis - Old Noida

70

60

50

40

30

20

10

0<30 30-60 60-100 100-200 200 &

above

6Fig

ures

in p

erce

ntag

e(%

)

Figures in lakh

1

32

6

32

19 1825

12

49

Demand%

Supply%

Property wise Analysis Greater Noida Expressway

100

80

60

40

20

0

85 82

2 313 14

Demand%

Supply%

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Residential ResidentialHouse Plot

Property wise Analysis New Developing sectors

100

80

60

40

20

0

86 86

4 310 11

Demand%

Supply%

Fig

ures

in p

erce

ntag

e(%

)



residential houses/villa with 36%.However, consumer demand washigher for multistorey apartmentsat 74%, followed 14% demand forresidential houses and 12% forplotted developments.

BHK Configuration AnalysisTraditional unit size properties of2 and 3BHK registered anequivalent user interest acrossthe city. In line with user demand,the city witnessed maximumsupply in this category. Supplywas relatively low for 2BHK unitsin all areas except establishedlocalities.

Meanwhile, 1BHK unit sizeproperties saw limited userinterest with approximately 3-5%demand. Except, developed areasof the city, where supply wasalmost zero for 1BHK units, otherareas exhibited 3-5% supply inthis category.

Higher unit properties supply wasmainly registered in establishedsectors and residentialdevelopments along the

Expressway. However, demandwas relatively low. In NewDeveloping Sectors, demand wasmainly from buyers looking foraffordable properties. Therefore,demand and supply was low inthese sectors.

GHAZIABADBudget Wise Analysis

Statistics showed healthy demandfor properties across all budgetranges while supply wascomparatively low.

User demand analysis showedmaximum demand and supplyratio for properties in the budgetrange of Rs 30-60 lakh. Thoughdemand ratio was still on thehigher side in comparison toavailability. This pointed out thatthere is a scope for development ofproperties in the mentionedrange.

Second highest user interest wasregistered for properties in thebudget of Rs 60 lakh to Rs 1 crore,at 25%. On the other hand, supply

ratio was marginally lower thandemand ratio in this quarter.

In property costing above Rs 1crore, the percentage went down,yet 7% users showed willingnessto buy property in the range of Rs1-2 crore. However, supply ratiowas comparatively low at 5%.About 2% users indicated demandfor property worth above Rs 2crore and similar ratio ofavailability was registered duringthis quarter.

Supply outstripped demand inlower budget properties worthless than Rs 30 lakh. Thisindicated the consumer demandwas more location and propertytype specific. In the currentmarket, consumer is willing tospend more for properties withingated complexes with basicfacilities and good connectivitywith public transport facilities.

Property Type AnalysisThe city registered maximumdemand for multistoreyapartments. Nearly 70% usersshowed willingness to buymultistorey apartments.

This is primarily attributed toavailability of facilities such asalotted car parking, security,water and power back-up etc.Single floor unit was the secondmost preferred category. However,the demand data indicated thatpercentage of users interested tobuy single floor unit was almost25% that of multistoreyapartments during the Jan-Mar2012 quarter. The low supply vis-à-

BHK Configuration - Old Noida

Figures in percentage (%)

Demand%

Supply%

5 BHK

4 BHK

3 BHK

2 BHK

1 BHK

0 10 20 30 40 50 60 70

<115

916

4553

4116

5<1

100

80

60

40

20

0

74

53

14

36

12 11

Demand%

Supply%

Fig

ures

in p

erce

ntag

e(%

)


BHK Configuration -Greater Noida Expressway


Demand%

Supply%

5 BHK

4 BHK

3 BHK

2 BHK

1 BHK

0 10 20 30 40 50 60 70

<12

815

4848

4031

45

BHK Configuration -New Developing Sectors


Demand%

Supply%

4 BHK

3 BHK

2 BHK

1 BHK

0 10 20 30 40 50 60 70

28

4551

4937

33

Budget wise Analysis - Ghaziabad

70

60

50

40

30

20

10

0<30 30-60 60-100 100-200 200 &

above

14

Fig

ures

in p

erce

ntag

e(%

)

Figures in lakh

35

52

41

25

18

7 5 2 2

Demand%

Supply%

Property wise Analysis Old Noida


-vis demand ratio indicated scopeof development for multistoreyapartments in the city.

Consumer demand for residentialhouse and plotted developmentshowed limited user interest, withup to 8% demand. On the otherhand, availability seems to berelatively weak in this type ofdevelopment with 1% forresidential house and 4% forplotted developments.

BHK Configuration AnalysisThe city registered maximumdemand and supply ratio in thetraditional 2 and 3 BHK unit sizeproperties. The 2BHK unitcontinued to lead, with 48% userdemand, followed by 38% user

demand for 3BHK units. The cityalso witnessed healthy supplyratio in both unit size properties.

Growing demand was witnessedfor smaller size properties mainlyfrom single working professionalsand lower middle class families.This demand was for bothoutright purchase and lease. Thecity also witnessed significantsupply ratio with 12%. However,

in this quarter the willingness tobuy 1BHK unit was comparativelylow.

The 4BHK unit size propertieswitnessed limited demand andsupply ratio, owing to large ticketprice.

Note: New Developing Sectors includesectors 70 to 79, 114 to 123

Old Noida: Sector 1 to 62

Property wise Analysis Ghaziabad

70

60

50

40

30

20

10

0

17

49

68

46

8

17 4

Demand%

Supply%

Fig

ures

in p

erce

ntag

e(%

)

Single Multistorey Residential Residentialfloor House Plot

BHK Configuration - Ghaziabad


Demand%

Supply%

5 BHK

4 BHK

3 BHK

2 BHK

1 BHK

0 10 20 30 40 50 60 70

<1<1

78

3838

4842

612

“Structured data alwayscome to help but inIndian market only thecompanies that updatetheir data regularly cansustain. We also hirereal estate consultancythat have dataavailable with them.We ask them to dosurvey in the marketregarding the demandof particular segmentand also the acceptableprice.”

Manoj GoyalCMD KDP Buildwell

annexuRes

NOIDANoida-Greater Noida Expressway 3850 to 4550

Sector 143A 3450 to 3750

Sector-104 5450 to 5900

Sector-105 4700 to 5550

Sector-107 3600 to 4400

Sector-110 4550 to 5200

Sector-113 3250 to 3700

Sector-117 3500 to 3800

Sector-119 3550 to 4350

Sector-120 3600 to 4150

Sector-121 3500 to 4100

Sector-128 5200 to 7150

Sector-129 3800 to 4450

Sector-131 3450 to 4200

Sector-133 3700 to 4050

Sector-134 3050 to 3450

Sector-135 3500 to 4000

Sector-137 3700 to 4300

Sector-143 3250 to 3700

Sector-143 B 3450 to 3800

Sector-150 3200 to 3350

Sector-151 2650 to 3150

Sector-168 3900 to 4350

Sector-21 5850 to 7500

Sector-25 5600 to 7250

Sector-28 8050 to 10200

Sector-29 6500 to 8300

Sector-30 6250 to 7300

Sector-32 7450 to 8700

Sector-34 5450 to 6050

Sector-44 7700 to 11100

Sector-45 4600 to 5300

Sector-46 4200 to 4600

Sector-50 6350 to 7850

Sector-51 5400 to 5950

Sector-52 5600 to 6850

Sector-61 5950 to 6900

Sector-62 5200 to 6350

Sector-74 3650 to 4150

Sector-75 3650 to 4100

Sector-76 3750 to 4250

Sector-77 3600 to 4050

Sector-78 3550 to 4300

Sector-82 4850 to 5600

Sector-92 6550 to 7500

Sector-93 5800 to 7350

Sector-93A 5550 to 7050

Sector-93B 5850 to 7050

Sector-96 6700 to 7450

GHAZIABADAnkur Vihar 2050 to 2500

Bhopura 2200 to 2350

Crossings Republik 2150 to 2550

Dundahera 2150 to 2500

Govindpuram 2500 to 3050

Gyan Khand 3300 to 3800

Indirapuram 3950 to 5000

Indraprastha Yojna 2150 to 2350

Kaushambi 3900 to 5000

Mohan Nagar 3200 to 3400

N.K.-1 Indrapuram 3450 to 4350

NH-24 2000 to 2300

NH-58 1800 to 2150

Niti Khand-Indirapuram 3450 to 4150

Pratap Vihar 2750 to 3500

Raj Nagar 2000 to 2500

Raj Nagar Extension 1950 to 2350

Rajendra Nagar 2700 to 3300

Ram Prastha 4750 to 5500

Sahibabad 2650 to 3450

Shakti Khand 3500 to 4100

Shalimar Garden 2700 to 3550

Shalimar Garden Extn-2 2800 to 3450

Vaishali 4700 to 5550

Vasundhara 3800 to 4550


CAPITAL VALUES – LOCALITY WISE

Average Residential Apartment Prices

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

NOIDA-GHAZIABAD

D I S C L A I M E REvery effort has been made to make this Index as complete and as accurate as possible. MagicBricksaccepts no responsibility for inaccuracies in the information/data contained in this book. It shall haveneither liability nor responsibility to any person or entity with respect to any loss or damage caused, oralleged to have been caused, directly or indirectly, by the information contained in this book. Theinformation/data in this book is subject to change from time to time due to market condition.

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