foreword - magicbricksproperty.magicbricks.com/.../propindex-jan-mar-2015_delhi_ncr.pdf · l in key...

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.

You may also share your opinion with #PropIndex on our Twitter handle@magicbricks or connect with us on Facebook at www.facebook.com/magicbricksTOI.

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 per cent,noting a consistentrise in demand

n Rental marketsremained upbeatacross cities andcapital values surgedin North India

n Units of 3BHK gainedpreference over 2BHKin 9 out of 11 majorcities

n Demand for plottedunits went up acrossIndia

n Supply was almoststable across BHKsegments

IN THIS REPORT:

National Property Index...............1

Delhi.........................................4

Gurgaon...................................12

Noida & Ghaziabad................... 23

Annexures.................................34

Policy Perspective......................38

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

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

-1%




03VOL4, ISSUE 4; JAN-MAR, FY 2014-15 propindex.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.

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%



DELHI 04VOL4, ISSUE 4; JAN-MAR, FY 2014-15propindex.magicbricks.com

PROPINDEX - DELHI

Slow but steady realtyThe residential market in Delhi ischaracterized by strong secondarymarket with relatively limited freshsupply entering the primary market.This is an important aspect as themarket does not suffer from inventoryoverhang and absorption is more afunction of price-dynamics than supplydynamics.

And over last quarter, many localities inDelhi have witnessed a marginalincrease in capital values which mightbe an indicator of renewed buyerinterest. The main gainers in thisincrease were the localities located inthe South Delhi where the capitalvalues witnessed an average increaseof 2 per cent than the previous quarter.Considering the premium nature ofproperties of these localities, thisincrease in capital value indicatesincreased high value transactions.

However, in terms of overall demandand supply scenario, the westernquadrant of the city remains thepreferred destination. Localities likeDwarka, Rohini, Uttam Nagar, PaschimVihar, etc. continue to witness strongdemand and supply from peopleseeking to acquire residential units orrental solutions. These localities offerthe right mix in terms of price point andsize of residential units.

Another important factor which makeslocalities in Western Delhi as preferreddestination is presence of commercialhubs in Western Delhi and connectivityand accessibility to Gurgaon, especiallyfor Dwarka.

And while there has been muchenthusiasm about the Land PoolingPolicy and fresh supply entering in themarket in Urban Extensions towardsWest and South-West of the city, therehas been little activity on the ground.First, the Land Pooling Policy is yet tobe notified and secondly, theacquisition and development of land inthese Urban Extensions is still couple ofyears away.

Another factor which is likely to firm upprices in certain localities in the Delhi isthe state government order towardsregistration of properties inunauthorized colonies. The will havepositive impact on prices in thesecolonies and surrounding localities.

Magicbricks Bureau

As opposed to the last couple of quarters, the Delhi marketseemed to have picked up steam. The City Index rose by 3 per cent in the Jan-Mar 2015 quarter as compared to the 1 and4 per cent recorded in Oct-Dec 2014 and Jul-Sep 2014 quarter.The Listed Price Monitor grew by a significant 5 per cent.

l Almost 55 per cent localitiestracked in Delhi recorded a risein the average capital values.Therefore, the Listed PriceMonitor recorded a rise by 5 per cent in comparison to 2 per cent drop in the previousquarter

l Uttam Nagar in West, GreaterKailash in South, IndraprasthaExtension in East offeredmaximum units for sale

l Close to 80 per cent localitiesnoted a rise in the average rentalvalues. Almost 60 per centlocalities noted rise between 1-9 per cent

l Rental returns on investmentranged between 1.39-4.34 percent. Govindpuri recorded themaximum gross yield. This wasprimarily on account of itsaccessibility and low base price

l Dwarka in West Delhi continuedto be the top most preferredresidential area for sale andrent. Its connectivity andproperty inventory across thebudget is the reason behind itstop spot

l Gulmohar Park and NewFriends Colony yielded thelowest rental return oninvestment between1.39-1.43 per cent

l Implementation of Land PoolingPolicy is expected to open upperipheral area for development

l Demand for apartments acrossthe region dropped by 10 per cent. South and WestDelhi localities recorded a dropby 12-13 per cent. Supply ofindependent houses and plotsdropped by 1-3 per cent, while itsdemand rose by 1-8 per cent

l In the last three quarters,demand for 3BHK units rose by5-10 per cent while supplyremained almost stable. On theother hand, demand for smallsize units (1BHK) noted a drop of7 per cent while supplyremained unchanged at 8 per cent

l Delhi continued to see over 33per cent demand for propertiesworth between Rs 40 lakh-Rs 1 crore. Supply in thecategory was recorded at 14 per cent.

Key Takeaways

E d i t o r i a l


DELHI05VOL4, ISSUE 4; JAN-MAR, FY 2014-15 propindex.magicbricks.com

l The Delhi market remained largely positive in theJan-Mar 2015 quarter as opposed to the negativetrend noted last quarter

l Nearly 55 per cent of the localities posted a rise invalues with most localities recording a rise of 1-6 per cent

l Most of the rise in values were witnessed in SouthDelhi localities such as Vasant Vihar, Saket, GreaterKailash, Vasant Kunj and Safdarjung Enclaverecording a rise of 5-6 per cent

l As observed in the last quarter, sectors of Dwarkasuch as 5,6,11,12,19 and 22 continued to record a dropin values in the range of 1-3 per cent

L I S T E D P R I C E M O N I T O R

Locality Average Rental Average Capital Gross Value (Rs/sqft/mth) Value (Rs/sqft) Yield

Mayur Vihar Ph-I 23.25 12,490 2.23%Malviya Nagar 24.00 11,965 2.41%Vasant Kunj 26.00 14,805 2.11%Greater Kailash I 30.25 18,610 1.95%Kalkaji 24.75 14,700 2.02%East of Kailash 25.75 17,260 1.79%Gulmohar Park 35.75 30,925 1.39%Dwarka Sector-6 12.75 8,745 1.75%Indraprastha Extn 19.75 11,745 2.02%Govindpuri 18.50 5,110 4.34%

Y I E L D M E T E R

l The yield meter clocked rental returns between1.39 to 4.34 per cent in this quarter in contrast to1.23 to 3.99 per cent posted last quarter

l Govindpuri recorded the highest yield in thisquarter. This may be attributed to low capitalvalues at Rs 5,110 per sq ft and higher rental values(Rs 18.50 per sq ft per month)

l Some areas in South Delhi yielded healthy rentalreturns to the tune of 2 per cent and more. Theselocalities included Malviya Nagar, Vasant Kunj,Kalkaji and Indraprastha Extension

l High capital values resulted in low rental yield inGulmohar Park which posted the lowest yield inthe quarter

R E N T M O N I T O R

l Nearly 80 per cent of the localities in the city ofDelhi recorded a rise in rental values in the Jan-Mar 2015 quarter

l Rise in values ranged from 1-8 per cent with GreaterKailash II recording the maximum rise followed byGreater Kailash and Dwarka (7%)

l Localities in South Delhi recorded the highest risein rental values. Apart from different parts of GK,Defence Colony, Vasant Kunj, Malviya Nagar, GreenPark and Kalkaji recorded a rise of 2-4 per cent

l Rental values in Dwarka Sector 6 and 11 stabilised inthe Jan-Mar 2015 quarter registering a 2 per centrise negating the drop noted in the last quarter

5% Source:Magicbricks.com Source:Magicbricks.com



RENT


Locality Rank Capital %ageQ4 Q3 Values change

Dwarka 1 1 4930 to 7110 -10%

Uttam Nagar 2 2 3780 to 4840 4%

Rohini 3 6 6500 to 8340 -10%

Vasant Kunj 4 4 12930 to 16530 5%

Saket 5 5 16330 to 20810 5%

Janakpuri 6 7 11260 to 14440 10%

Paschim Vihar 7 8 10120 to 12720 2%

Vikaspuri 8 - 8810 to 11190 1%

Defence Colony 9 3 25750 to 33340 -4%

Uttam Nagar West 10 - 3740 to 4740 8%

SALE


PREFERRED LOCALITIES

l Dwarka continued to be the most preferred localityfor sale in the Jan-Mar 2015 quarter

l Uttam Nagar retained its position at number twowith a rise of 4 per cent in capital values in thecurrent quarter

l Rohini climbed up three positions on the list ascompared to the previous quarter to settle atnumber three

l Both Vasant Kunj and Saket witnessed a rise of 5 per cent each in capital values and retained theirpositions at number four and five respectively

l Janakpuri and Pachim Vihar moved up one spoteach on the list of preferred localities to settle atnumber six and seven respectively

l Vikaspuri and Uttam Nagar West were the newentrants on the list in the current quarter. WhileVikaspuri occupied the eight spot, Uttam Nagar wasat number ten

l Dwarka was the most preferred residential locationsfor rent as well. It moved up from the second spot tosettle at number one in the Jan-Mar 2015

l Vasant Kunj was the second most preferred localityon the list. It also moved up one place from the thirdspot it occupied in the last quarter

l Saket, the most preferred location in the lastquarter, dropped to third slot in the current quarter

l Malviya Nagar and Mayur Vihar Phase-I moved upby one position each to settle at number four andfive respectively

l Defence Colony witnessed a drastic drop inpreference in the current quarter. It moved down tonumber seven as compared to the fourth spot itoccupied in the last quarter

l Greater Kailash-I was a new entrant in the list thisquarter occupying the ninth spot while Sarita Vihardropped to number ten

Mehrauli, New Ashok Nagar, Ghitorni, Shakarpur

Home in your Budget

Upto Rs 20 Lakh

l Affordable properties worth upto Rs 20 lakh were available inMehrauli, New Ashok Nagar,Ghitorni and Shakarpur

l Sectors of Dwarka such as 4, 5, 6, 7, 9 10 and 22 offeredproperties in the Rs 1-2 crorebudget category

l Saket, Vasant Vihar, Panchsheel Park and VasantKunj offered maximum supplyof premium properties worthRs 2 crore and above

Chattarpur, Uttam Nagar West, Dwarka MorRs 20-40 Lakh

Rohini Sector 24, 25, Dwarka Sector 8, 17 and 21Rs 40-100 Lakh

Dwarka Sectors 4, 5, 6, 7, 9 10, 11, 19 and 22, PatparganjRs 100-200 Lakh

Greater Kailash - I & II, Defence Colony, Panchsheel ParkRs 2 Crore & Above

Locality Rank Rental %ageQ4 Q3 Values change

Dwarka 1 2 11000 to 13500 7%

Vasant Kunj 2 3 23000 to 29000 5%

Saket 3 1 23500 to 31000 1%

Malviya Nagar 4 5 21000 to 27000 4%

Mayur Vihar Ph-I 5 6 20500 to 26000 10%

Green Park 6 - 24500 to 33000 2%

Defence Colony 7 4 41000 to 55000 4%

Kalkaji 8 7 21500 to 28000 2%

Greater Kailash-I 9 - 26000 to 34500 -10%

Sarita Vihar 10 9 17000 to 21500 4%

Source:Magicbricks.com Source:Magicbricks.com



60

40

20

0<20 20-40 40-100 100-200 200 &

above

4Figures in percentage(%)

Figures in Rs lakh

3

29 2736 36

17 1914 15

(Oct-Dec 2014)(Jan-Mar 2015)

Budget wise Analysis - City Level

DEMAND

60

40

20

0<20 20-40 40-100 100-200 200 &

above


Figures in Rs lakh

714 14 14 13

26 24

3942


SUPPLY

Budget wise Analysis

l Demand in different budget rangesremained largely unchanged in thelast six months. The budget rangeof Rs 40 lakh-Rs 1 crore was themost preferred with over 35 percent demand. However, supply inthe category lagged by 23 per cent

l Maximum supply was noted forproperties priced above Rs 2 crore.Supply in the category grew by 3 per cent to settle at 42 per cent.Demand was far lower at 15 per cent

D E M A N D - S U P P LY A N A LY S I SBuyer preferences reflected a marked change in the Jan-Mar 2015 quarter. Buyers seemed to shifttheir focus towards larger housing formats. This was reflected in the rising demand forresidential houses and plots as well as the 3BHK configuration. At the city level, demand forresidential houses grew by 4 per cent while a rise of 6 per cent was noted in the demand for plots.The 3BHK category recorded a rise of nearly 10 per cent in demand.

However, what was interesting to note was that budget preferences have remained unchangedsince the last quarter. The most preferred category continued to be Rs 40 lakh-Rs 1 crore,indicating that buyers were not willing to extend their budget for the larger home.

Property wise Analysis

l Demand for apartments witnesseda significant drop in the Jan-Mar 2015 quarter. It droppedfrom 72 per cent in the previousquarter to settle at 62 per cent.Supply, however, inched up by 1 per cent to settle 90 per cent

l Demand for plots grew by 6 per cent in the current quarter.It moved up from 11 per cent in thelast quarter to settle at 17 per cent.Supply was significantly low at 3 per cent

BHK wise Analysis

l A significant rise of 9 per cent wasnoted in the demand for 3BHKunits in the current quarter.Demand settled at 40 per cent ascompared to 31 per cent recordedin the last quarter

l The 2BHK category continued to bethe most preferred configurationwith 44 per cent buyer demand.However, supply lagged demand by21 per cent. The 3BHK units werethe most supplied at 47 per cent inthis quarter

Property wise Analysis - City Level

100

80

60

40

20

0

7262

1721

1117


Figures in percentage(%)

Apartment Residential House Residential Plot

DEMAND

BHK wise Analysis - City Level

60

40

20

0

18

11

46 44

31

40

5 5



1BHK 2BHK 3BHK 4BHK &above

DEMAND SUPPLY60

40

20

0

8 8

24 23

45 47

23 22




100

80

60

40

20

0

89 90

7 7 4 3




SUPPLY

Source:Magicbricks.comSource:Magicbricks.com



South Delhi recorded the highest demand for 3BHK units along with West Delhi. Demandstood at 41 per cent, 8 per cent higher than the last quarter. Larger units (4BHK and above)were oversupplied by more than 25 per cent. This was also reflected in the significantoversupply of nearly 45 per cent recorded for properties priced at Rs 2 crore and above.

Buyer demand picked up for residential houses and plots registering a rise of 5-8 per centin the current quarter. However, apartments remained the most preferred and suppliedcategory in the zone.

BHK wise Analysis


Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Rs <20 lakh

Rs 20-40 lakh

Rs 40-100 lakh

Rs 1-2 crore

Rs 2 crore and above

DEMAND SUPPLY

DEMAND SUPPLY

Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l Maximum supply in South Delhi was concentrated for premiumproperties priced at Rs 2 crore and above. Supply in the segmentgrew by 4 per cent to settle at a whopping 75 per cent while demandlagged behind at 30 per cent

l The Rs 40 lakh-Rs 1 crore budget range was the second mostpreferred category in the zone with 29 per cent demand. Supplylagged demand by a significant 22 per cent and stood at 7 per cent

l Even though demand dropped by 4 per cent for the Rs 20-40 lakhcategory, it stood at a healthy 21 per cent. However, supply remainedsubdued at 5 per cent. Both demand and supply remained low forproperties priced below Rs 20 lakh

DEMAND & SUPPLY - South Delhi


l A significant drop of 13 per cent was noted in the demand forapartments in South Delhi. As compared to the Oct-Dec 2014 quarterwhere the demand stood at 73 per cent, it dropped to 60 per cent inthis quarter. Supply stood at 88 per cent

l Demand for residential houses increased by 5 per cent in the Jan-Mar 2015 quarter. Demand stood at 23 per cent as opposed to the 18 per cent recorded last quarter. Supply lagged demand by 14 per cent

l A considerable rise of 8 per cent was seen in the demand forresidential plots. Demand jumped from 9 per cent to 17 per cent inthe last three months

BHK wise Analysis

l The 3BHK category gained preference in South Delhi recording thehighest demand of 41 per cent across the city. This was a rise of 8 per cent from the last quarter when it stood at 33 per cent. Supplyalso inched up by 4 per cent to settle a 48 per cent

l Demand dropped for smaller units in the zone. While 1BHK unitsrecorded a drop of 5 per cent in demand, the 2BHK category posted adrop of 4 per cent in the current quarter. Supply was short by morethan 25 per cent

l A considerable oversupply of 27 per cent was noted larger formats(4BHK and above units). Both demand and supply stood almostunchanged at 8 and 35 per cent respectively

Q3 Q4

25 21

2932

1716

3024Q3 Q4

1113

75

78

Q3 Q4

60

23

73

18

Q3 Q4

88

9

87

10

Q3 Q4

43

4133

17

8

39

12

7Q3 Q4

48

36

44

35

15 13

Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Apartment

Residential house

Residential plot

9 17

71




Diminishing popularity of apartments was most apparent in North Delhi. The zonerecorded the lowest demand of 56 per cent, but remained oversupplied. The supply ofpremium properties priced above Rs 1 crore led demand by 20 per cent. Both demand andsupply remained subdued at 4 per cent for properties priced below Rs 20 lakh.

Demand dropped for smaller units in the zone. Both 1 and 2BHK units witnessed a drop inbuyer demand in the current quarter. On the other hand, 3BHK units recorded a rise indemand during the same period.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l The budget category of Rs 40 lakh-Rs 1 crore registered the highestdemand and supply in North Delhi. While demand inched up by 1 per cent to settle at 42 per cent, supply stood at 29 per cent

l Properties priced at Rs 20-40 lakh witnessed a healthy demand of 25 per cent. However, this was a 2 per cent drop from the last quarter.Supply, at 19 per cent, lagged demand by 6 per cent

l Premium properties priced above Rs 2 crore were oversupplied inthe zone by 16 per cent. While demand in the category stood at 12 per cent, supply was at 28 per cent, 3 per cent higher than theprevious quarter

DEMAND & SUPPLY - North Delhi


l North Delhi recorded the lowest demand for apartments in the city.It settled at 56 per cent, dropping 8 per cent from the previousquarter. Supply led demand by 22 per cent in the current quarter

l Demand for residential houses grew by 5 per cent in the Jan-Mar 2015 quarter settling at 23 per cent. Supply remainedunchanged in the last three months at 13 per cent falling short ofthe demand by 10 per cent

l A healthy demand of more than 20 per cent was noted for plotteddevelopments as well. It saw a rise of 3 per cent from the lastquarter. Supply remained low at 9 per cent, a drop of 2 per cent fromthe last quarter

BHK wise Analysis

l Demand for smaller residential units witnessed a drop in the zone.Demand in the 1BHK category dropped by 7 per cent to settle at 15 per cent as compared to the 22 per cent demand noted in the last quarter

l Both demand and supply dropped for 2BHK units in the currentquarter. While demand (43%) dropped by 3 per cent supply (31%)witnessed a drop of 4 per cent

l A significant rise of 10 per cent was noted in the demand of 3BHKunits in the Jan-Mar 2015 quarter. Demand in the category jumpedto 38 per cent in this period while supply inched up by 1 per cent tosettle at 32 per cent


Residential houses

Residential plot

Q3 Q4

27 25

41 42

16

11

17

12Q3 Q4

20 19

28

22

25

20

28

29

64

18

56

23

Q3 Q4

76 78

13

Q3 Q4

Q3 Q4

46

43

15

28 38

22

Q3 Q4

31

31

32

35

20 23

14 14

2118 911

13




As witnessed in all the other zones, demand for apartments witnessed a drop in the Jan-Mar 2015 quarter. This demand seems to have shifted towards independent housesand plots. Both the categories witnessed a rise of 6 per cent each in demand.

Buyer demand has also shifted towards the larger housing units. This was reflected in the rise in demand noted for the 3BHK units. Demand in the segment jumped up from 31 per cent to 41 per cent in the current quarter almost giving a stiff competition to the2BHK category which stood at 45 per cent demand.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Properties priced at Rs 40 lakh-Rs 1 crore continued to be preferredin West Delhi. The category recorded a demand of 37 per cent, adrop of 1 per cent from the last quarter. However, supply was low at18 per cent

l Both demand and supply for the Rs 20-40 lakh category registered adrop of 1 per cent each to settle at 30 and 20 per cent respectively. It was the second most preferred and supplied category

l Properties priced between Rs 1 and 2 crore recorded the highestsupply of 39 per cent. Demand in the segment also grew by 4 per cent. An oversupply of 10 per cent was noted for propertiespriced below Rs 20 lakh

DEMAND & SUPPLY - West Delhi


l A significant drop of 12 per cent was recorded in the demand forapartments in West Delhi. It settled at 65 per cent as compared to the77 per cent demand posted last year. Supply in the categorycontinued to lead demand. It stood at 96 per cent, 31 per cent aheadof demand

l A notable rise of 6 per cent was recorded in the demand forresidential plots in the current quarter. Demand in the segmentsettled at 15 per cent while supply was almost negligible at 1 per cent

l Demand for residential houses also grew by 6 per cent to settle at 20 per cent. Supply remained subdued at 3 per cent

BHK wise Analysis

l A considerable rise of 10 per cent was noted in the demand for3BHK units in the Jan-Mar 2015 quarter. Demand in the quartersettled at 41 per cent while it was the most supplied category withover 50 per cent availability

l The 2BHK category continued to the most preferred with 45 per centdemand. This was a drop of 4 per cent from the last quarter. Supplylagged demand at 29 per cent

l Demand almost met supply for the 1BHK category. While demandwitnessed a drop of 6 per cent from the last quarter, supply stoodunchanged at 10 per cent


Residential house

Residential plot

Q3 Q4

31 30

38

198

238

37

Q3 Q4

3811

3911

1817

21 20

12

77

14

65

Q3 Q4

94 96

Q3 Q4

Q3 Q4

45

31 41

159

49

Q3 Q4

5149

29

1011

30

9

10 10

13

20

15




East Delhi witnessed a significant mismatch in the demand and supply pattern ofapartments in the Jan-Mar 2015 quarter. While demand in the segment dropped by 6 per cent, supply posted a rise leading demand by almost 30 per cent.

Properties in the Rs 40 lakh-Rs 1 crore category were the most preferred with nearly 40 per cent demand. Supply settled at 17 per cent. Properties priced above Rs 1 crore werethe most supplied. Larger housing formats (4BHK and above) were the least preferred andsupplied. The 2BHK category continued to be the most preferred with 50 per cent demand.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l Properties priced at Rs 40 lakh-Rs 1 crore were most preferred inEast Delhi. Demand for the same grew marginally by 2 per cent inthe Jan-Mar 2015 quarter to settle at nearly 40 per cent. Supply inthe category lagged demand by 22 per cent

l A healthy demand of 33 per cent was noted for the Rs 20-40 lakhcategory. Supply in the category grew by 6 per cent in the currentquarter. However, it still lagged demand by nearly 10 per cent

l Even though a drop of 8 per cent was recorded in the supply ofproperties priced above Rs 1 crore, the category remained the mostsupplied with 47 per cent availability

DEMAND & SUPPLY - East Delhi


l Demand for apartments dropped by 6 per cent in the current quarterto settle at 66 per cent. Supply, on the other hand, grew by 5 per centfrom the last quarter to settle at 94 per cent

l Residential houses were the second most preferred category withnearly 20 per cent demand. However, supply remained considerablylow at 4 per cent. This was a drop of 3 per cent from the last quarter

l Demand for plotted developments grew by 5 per cent in the last threemonths to settle at 15 per cent. However, supply in the same segmentwas almost negligible at 2 per cent as compared to the 4 per centrecorded quarter

BHK wise Analysis

l Supply in different BHK configurations remained largelyunchanged since the last quarter. Both 2 and 3BHK categoriesremained equally supplied with 40 per cent availability each. Thiswas similar to the last quarter

l Demand was noted to be the highest for the 2BHK category with 50 per cent buyer interest. This was a rise of 1 per cent from the lastquarter. On the other hand, demand for 1BHK units witnessed adrop of 6 per cent from the last quarter

l The 3BHK category recorded a rise of 6 per cent in demand. Ascompared to the 27 per cent demand recorded last quarter, it rose to 33 per cent in the Jan-Mar 2015 quarter


Residential house

Residential plot

Q3 Q4

34 33

37 39

15 1510 9

Q3 Q4

1824

1917

33 28

22 19

72

18

66

Q3 Q4

8994

Q3 Q4

Q3 Q4

5049

1420

3327

Q3 Q4

4040

1110

40

10

40

1510 7

19

9

128



GURGAON 12VOL4, ISSUE 4; JAN-MAR, FY 2014-15propindex.magicbricks.com

PROPINDEX - GURGAON

As seen in the previous quarter, the Gurgaon City Indexremained stable in the Jan-Mar 2015 quarter as well. The ListedPrice Monitor also remained unchanged in this quarter whichmay be attributed to the drop in capital values across the city.

l Over 50 per cent of total trackedlocalities in Gurgaon witnesseda drop in average capital valueswhile the Listed Price Monitorremained unchanged

l Over 15 per cent drop in supplyalong with a drop in the averagecapital values arrested thegrowth of City Index

l Majority of the localities noted arise or drop in the capital valuesbetween -3 to +3 per cent

l The rental market recorded arise in values. Close to 60 per cent localities noted a rise between 1-9 per cent

l Gurgaon offered the lowestrental returns between 1.81-2.70 per cent in the NCR

l Residential developments alongthe Sohna Road and Golf CourseRoad continued to top thepreference chart for twoquarters. Capital valueswitnessed no major change

l The 3BHK units continued to bepreferred. Demand for 3BHKand above category noted anincrease; whereas 1 and 2BHKcategories recorded a drop in

demand by 3-7 per cent. Supplyof the same exhibited no changeacross the BHK categories

l Apartments, the preferredcategory, saw a drop in demandby 2-12 per cent across thedifferent zones

l Demand for independent housesnoted a rise of 5 per cent from 16 per cent in the previousquarter, while supply registeredno change at 6 per cent

l Properties worth Rs 60 lakh-Rs 1 crore and Rs 1-2 crorerecorded maximum demand inthe city at 32 per cent each.However, supply was a little highfor properties worth Rs 1-2 croreat 37 per cent

l The city continued to faceshortage of properties worth upto Rs 40 lakh. The affordablehousing schemes by HUDA isexpected to boost supply in thecoming years

l New Developing Sectors 81-95 in Gurgaon, witnessedmaximum active supply in thecity, after Sohna Road in the Jan-Mar 2015 quarter

Key Takeaways

Subdued realty marketThe residential real estate market inGurgaon carries forward the trend fromprevious quarters and remainssubdued. The overall prevalent negativesentiment in real estate sector hasimpacted the ‘Millennium City’.

An indicator of this subdued activity isfewer new project launches in Gurgaonwhich are primarily in premiumsegment across few localities. Theslowdown in sales has impacted themarket on multiple fronts. Most of thelaunched projects during the 2011-2012 period remain under-constructionand are likely to miss the deliverydeadline. This is because the lownumber of units sold in the project(s)would not help the developer(s) tocover their investments. Further, theslowdown in sales velocity has led toconsiderable inventory overhang in themarket. This unsold inventory in theprimary market competes withinventory with investors in secondarymarket leading to pressure on pricesand low liquidity.

The market today is being carriedprimarily on shoulders of end-usersand those looking for distress-sales ordeeply discounted properties.

A positive development in the markethas been the launch of residentialprojects under the Affordable Housingpolicy of Haryana Urban DevelopmentAuthority (HUDA). Under this scheme,small sized residential units atgovernment fixed rates have beenlaunched across various sectors inGurgaon. This scheme offers anopportunity to own residential units inGurgaon at almost 50% of the averagerate and has received very healthysubscription from buyers.

In a sign of times, the HaryanaGovernment for the first time in last sixyears did not raise the Circle Rate forGurgaon for 2015-16. The market isexpected to remain subdued withdevelopers making an effort to sell theexisting inventory. While the pricesmay appear to be holding, we need tolook beyond the quoted price.Negotiation with developers can lead tohealthy discount and other freebiesbeing thrown in. Plus, a buyer canchoose from various payment schemeson offer which are meant to reduceupfront cash outflow of a buyer.

Magicbricks Bureau

E d i t o r i a l


GURGAON13VOL4, ISSUE 4; JAN-MAR, FY 2014-15 propindex.magicbricks.com

l As opposed to the 1 per cent rise noted in the lastquarter, the Listed Price Monitor remainedunchanged in the Jan-Mar 2015 quarter

l Over 50 per cent of the localities recorded a drop incapital values in the range of 1-3 per cent whicharrested the growth of the Listed Price Monitor

l Sectors such as 47, 56, 65, 81,85 and 89 recorded adrop in the range of 2-3 per cent while localitiessuch as Golf Course Road and Sector 92 postedstable values

l Localities that recorded a marginal rise of 1 per centin capital values were Golf Course Road Extensionand Sectors 71 and 69

L I S T E D P R I C E M O N I T O R


Dlf City Phase V 23.25 12,970 2.15%Dlf City Phase IV 23.75 11,780 2.42%Sector-56 14.75 7,505 2.36%Sector-54 20.00 13,265 1.81%MG Road 24.50 12,170 2.42%Sector-52 16.00 7,795 2.46%Sector-69 14.00 6,220 2.70%Dlf City Phase II 22.25 11,995 2.23%Sector-57 14.75 8,245 2.15%Dlf City Phase I 18.25 10,295 2.13%

Y I E L D M E T E R

l The Magicbricks yield meter clocked rentalreturns of 1.81-2.70 per cent in the Jan-Mar 2015quarter as opposed to 1.76-2.59 per cent noted inthe last quarter

l Sector 69 and 52 grossed highest yield of 2.70 and2.46 per cent. MG Road and Sector 57 also recordeda healthy yield of over 2 per cent

l Different phases of DLF City recorded a yield ofmore than 2 per cent in the current quarter. Itranged from 2.13 to 2.42 per cent

l Sector 54 recorded the lowest yield in the city at1.81 per cent. Even though rental values have beenrising, high capital values resulted in low yield inthe city

l Rental market in Gurgaon witnessed a positive trendin the Jan-Mar 2015 quarter. More than 60 per cent ofthe localities recorded a rise in rental values

l Sushant Lok-I recorded a rise of 8 per cent in rentalvalues in the Jan-Mar 2015 quarter that negated thedrop posted in the previous quarter

l Rental values stabilised in Sector 55 posting a rise of5 per cent in the current quarter as opposed to thedrop of 6 per cent recorded last quarter

l Other localities that recorded a rise of 3-5 per cent inrental values included Nirvana City, Vatika City,Sectors-54 and 55, MG Road and Sohna Road in thecurrent quarter.

0%

R E N T M O N I T O R




Sohna, New Palam Vihar, Sectors 35, 63A, 95 and 111

PREFERRED LOCALITIES

l Sohna Road continued to be the most preferredlocality for sale in Gurgaon in the Jan-Mar 2015quarter as well

l With stable capital values, Golf Course Road alsoretained its spot as the second most preferredlocality on the list

l Dwarka Expressway jumped to number three fromthe eighth spot it occupied in the last quarter.Resolved legal issues may be attributed to this jump

l Golf Course Extension Road and Palam Viharswapped places on the list. While the former movedup to the fourth spot, the latter settled at five

l Sushant Lok-I dropped three places to settle atnumber six as opposed to the third spot it occupiedin the last quarter

l DLF Phase-I and Sector 57 were new entrants on thelist during the Jan-Mar 2015 quarter. These settled atnumber eight and nine spots respectively

l Sohna Road continued to be the most preferredlocality for rental accommodations as wellwitnessing a rise of 3 per cent in rental values

l Sector 56 and Sushant Lok-I jumped to the secondand third spot respectively from the sixth and fifthposition they held in the last quarter

l Golf Course Road and Palam Vihar dropped twospots down to number four and six respectively

l DLF Phase III moved up two spots to settle atnumber five as compared to the seventh spot itoccupied last quarter. Sector 14 also moved up twospots to settle at number seven

l MG Road witnessed a drop in popularity. It moveddown to number nine as compared to the third spotit held in the last quarter

l DLF City Phase-IV and Nirvana Country were thenew entrants on the list. These occupied the eighthand tenth spots respectively

Home in your Budget

Upto Rs 40 Lakh

l Properties worth up to Rs 40 lakh were available inSohna, New Palam Vihar,Sector 35, 63A, 95 and 111 and Ashok Vihar

l Properties in the Rs 40-60 lakhbudget category were mostlyavailable in Sectors 92, 93,Dhorka and Laxman Vihar

l Supply of premium propertiesworth Rs 2 crore and above washigh in Golf Course Road, DLF City I, II, IV and V

Sectors 92, 93, Dhorka, Laxman Vihar,Rs 40-60 Lakh

Sectors 68, 69, 77, 81, 82, 83, 85, 86 and 89Rs 60-100 Lakh

Golf Course Extn Road, Sectors 56, 57, 65, 66, 67, 71 & 72Rs 100-200 Lakh

Golf Course Road, Sushant Lok-I, Dlf City-I, II, IV and V Rs 2 Crore & Above

RENT



Sohna Road 1 1 7550 to 9750 -1%

Golf Course Road 2 2 12210 to 14980 0%

Dwarka Expressway 3 8 4840 to 6280 3%

Golf Course Extn Road 4 5 7780 to 9730 1%

Palam Vihar 5 4 7340 to 9140 -1%

Sushant Lok-I 6 3 8420 to 10960 -1%

Sector 56 7 6 6960 to 8480 -2%

DLF Phase-I 8 - 9390 to 11920 1%

Sector 57 9 - 7690 to 9240 -1%

Sector 47 10 9 7930 to 10060 -2%

SALE



Sohna Road 1 1 14000 to 17500 3%

Sector 56 2 6 13000 to 16500 2%

Sushant Lok-I 3 5 17500 to 23500 8%

Golf Course Road 4 2 20500 to 27500 -3%

DLF City Phase III 5 7 19500 to 26500 5%

Palam Vihar 6 4 13000 to 17000 0%

Sector 14 7 10 14500 to 19500 1%

DLF Phase -IV 8 - 21000 to 26500 0%

MG Road 9 3 21500 to 27500 3%

Nirvana Country 10 - 15000 to 18500 5%





l Demand and supply almostmatched each other in the Rs 1-2 crore category. Whiledemand stood at 36 per cent, supplywas 2 per cent ahead at 38 per cent.It was the most preferred as well assupplied category

l Demand and supply in the Rs 60 lakh-Rs 1 crore rangematched at 30 per cent. Premiumproperties were oversupplied inthe city with supply leadingdemand by 5 per cent

D E M A N D - S U P P LY A N A LY S I SProperties priced above Rs 2 crore continued to be in excess supply in the market. The segmentwitnessed a slight rise in supply and led demand by 5 per cent. Supply of properties priced up toRs 60 lakh was limited to just over 10 per cent.

Buyers were not keen on smaller housing units. This was reflected in the drop in demandrecorded for 1 and 2BHK units. On the other hand, demand for 3 and 4BHK units displayed apositive trend in the Jan-Mar 2015 quarter. The 4BHK and above category was oversupplied bymore than 12 per cent. Apartments continued to be the most preferred property type in the cityeven though it recorded a slight dip in demand.


l Apartments formed a major part ofthe buyer’s demand in Gurgaon. Italso remained the most suppliedcategory. However, demanddropped by 8 per cent to settle at 60 per cent. Supply stood ahead ofdemand at 82 per cent

l Demand for residential housesgrew from 16 per cent to settle at 21 per cent in the current quarter.However, supply was far less at 6 per cent. Plots also saw a rise indemand settling at 19 per cent

BHK wise Analysis

l Demand dropped for smaller unitsduring the Jan-Mar 2015 quarter.While 1BHK units recorded a dropof 3 per cent in demand (5%),2BHK units recorded a drop of 7 per cent in demand settling at 33 per cent

l The 3BHK category recorded 50 per cent demand amongstbuyers. In comparison to theprevious quarter, a 9 per cent risewas noted. Supply was slightlyahead at 52 per cent

50

40

30

20

10

0<40 40-60 60-100 100-200 200 &

above

9


Figures in Rs lakh

811 10

32 30 32 36

16 16



DEMAND

50

40

30

20

10

0<40 40-60 60-100 100-200 200 &

above


Figures in Rs lakh

38 8

31 3037 38

20 21


SUPPLY


60

40

20

0

8 5

40

33

4150

11 12




DEMAND SUPPLY60

40

20

02 2

21 21

52 52

25 25





100

80

60

40

20

0

6860

1621

1619




DEMAND100

80

60

40

20

0

81 82

6 6 13 12




SUPPLY




Apartments were the most preferred property type in Sohna Road. However, the segmentwitnessed a drop in buyer demand in the Jan-Mar 2015 quarter. Buyer preference movedtowards residential houses and plots both recording a rise of 4-6 per cent in demand.

As far as the BHK configuration was concerned, 3BHK took over 2BHK category. Supplyin the market was also likewise aligned. Maximum demand and supply was noted forproperties priced at Rs 60 lakh-Rs 2 crore. Both demand and supply for these settled at 60 per cent.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l The Rs 1-2 crore category saw an increased demand. It settled at 33 per cent, 6 per cent higher than the last quarter. Supply in thecategory stood at 30 per cent, 1 per cent higher than the last quarter

l A healthy demand of 27 per cent was noted for properties in thebudget range of Rs 60 lakh-Rs 1 crore. However, this was a 6 per centdrop from the previous quarter. Supply in the segment was 3 per cent higher at 30 per cent

l More than 25 per cent of demand was for properties priced up to Rs 60 lakh. Supply in the segment stood at 22 per cent, 4 per centlower than the last quarter

DEMAND & SUPPLY - Sohna Road


l A significant drop of 10 per cent was witnessed in the demand forapartments along the Sohna Road. Demand dropped from 78 per centin the last quarter to 68 per cent in the current quarter. Supply leddemand by 20 per cent at 88 per cent

l Demand rose by 6 per cent for residential houses in the currentquarter to settle at 18 per cent . However, supply was almostnegligible in comparison and stood at 2 per cent

l A drop in supply was recorded for plots. It dropped from 15 to 10 per cent in the current quarter. Demand for the same stoodat 14 per cent, 4 per cent higher than the last quarter

BHK wise Analysis

l Demand for 3BHK units witnessed a significant rise in the Jan-Mar 2015 quarter. It grew by nearly 15 per cent to settle close to50 per cent. Supply in the segment also grew by 5 per cent to settle at54 per cent

l On the other hand, the 2BHK units recorded a drop in demand in thecurrent quarter. Demand dropped from 47 per cent to settle at 37 per cent. Supply also witnessed a negative trend recording a dropof 4 per cent to settle at 24 per cent

l Supply of larger housing units (4BHK and above) led demand in thecategory by 9 per cent. While demand stood at 9 per cent, supply wasat 18 per cent

Q3 Q4

3327

33

13

27

14

1415

12 12

Q3 Q4

3029

27

18

30

19

Q3 Q4

7868

Q3 Q4

82 88

Q3 Q4

4935

47

7

37

9Q3 Q4

5449

28

19 18

24

101112


Residential house

Residential plot

12

10 14 15 10

11

14

18




Nearly 30 per cent of the buyer demand was concentrated on properties priced at Rs 60 lakh-Rs 1 crore. However, supply in the zone was more aligned towards premiumproperties priced above Rs 1 crore registering a supply of 65 per cent.

Apartments were the preferred property type. However, both residential houses and plotsrecorded a healthy demand of more than 25 per cent each. The 2BHK category continuedto be a favourite amongst buyers. A further rise in demand was recorded in the currentquarter. However, supply lagged by a considerable margin of nearly 30 per cent.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Properties priced above 1 crore were the most supplied in the zone.Supply for the same stood at 65 per cent in the Jan-Mar 2015 quarter,3 per cent higher than the last quarter. However, demand was muchlower at 40 per cent

l Maximum demand of 29 per cent was recorded for properties in thebudget range of Rs 60 lakh-Rs 1 crore. This was a 2 per cent dropfrom the last quarter. Supply also dropped by 3 per cent to settle at 22 per cent

l More than 30 per cent demand was recorded for properties priced upto Rs 60 lakh. This was a 2 per cent rise from the last quarter.However, supply stood 17 per cent lower at 13 per cent

DEMAND & SUPPLY - Old Gurgaon


l Apartments were the most in demand and most supplied propertytype in the zone. While demand slipped to 41 per cent from the 43 per cent as recorded in the last quarter, supply stood at 45 per cent, a drop of 3 per cent from the last quarter

l Demand inched up for residential houses in the current quarter. It settled at 32 per cent as compared to the 30 per cent recorded inthe last quarter. Supply stood at 27 per cent

l Demand matched supply for residential plots. While demand wasunchanged since the last quarter at 27 per cent supply grew by 5 per cent to settle at 28 per cent

BHK wise Analysis

l A rise in demand was noted for both 2 and 3BHK units. Whiledemand for 2BHK units rose by 3 per cent to settle at 55 per cent,demand for 3BHK units grew by 1 per cent to settle t 30 per cent

l Supply of 2BHK units stood almost unchanged at 26 per cent while itdropped by 2 per cent for 3BHK units to settle at 44 per cent

l Larger housing formats were oversupplied in the zone. Supply ofthe 4BHK and above category stood at 23 per cent, 18 per cent higherthan the existing demand in the segment. Demand dropped for1BHK units to settle at 10 per cent

Q3 Q4

29

13

16

25

15 1327

16

15

31

Q3 Q4

22

37

25 27

38

25

Q3 Q4

43

30

41

32

Q3 Q4

48

29

45

27

Q3 Q4

5552

30

12

29

10

Q3 Q4

26

46

25

44

2323

66


Residential house

Residential plot

27 27 23 28

7

77

7

6




Demand dropped for smaller residential units in the Jan-Mar 2015 quarter. While a drop of2 per cent was recorded in the demand for 1BHK units, the drop was more significant inthe case of 2BHK units. It dropped from 36 per cent to 28 per cent.

Demand continued to rise for properties priced at Rs 1-2 crore. At 43 per cent demand andsupply each, it was the most preferred as well as supplied category in the zone. Demandrose for both residential houses as well as plots. Both recorded a demand of 21 per centeven though supply remained low in both caes.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Premium properties priced above Rs 1 crore were in demand in NewGurgaon. These properties witnessed a rise in demand as well asupply during the Jan-Mar 2015 quarter. Maximum demand andsupply of 43 per cent each was recorded for properties priced at Rs 1-2 crore

l Properties priced above Rs 2 crore recorded an oversupply of nearly20 per cent. While supply in the category stood at 40 per cent,demand lagged at 22 per cent

l Over 15 per cent supply for properties priced up to Rs 1 crore wasrecorded. Demand was at 35 per cent. The Rs 60 lakh-Rs 1 crorebudget range recorded a demand of 25 per cent

DEMAND & SUPPLY - New Gurgaon


l Demand for apartments dropped by 8 per cent in the Jan-Mar 2015quarter to settle at 58 per cent. Supply in the segment led demand by20 per cent at 78 per cent

l Residential houses recorded a rise in demand in the current quarter.Demand in the segment moved up 6 per cent to settle at 21 per cent.Supply, however, lagged demand by a huge margin of 15 per cent. Itstood at 6 per cent

l Supply of plots remained unchanged in the last six months. It stoodat 16 per cent while demand inched up by 2 per cent to settle at 21 per cent.

BHK wise Analysis

l As observed in the last quarter, maximum demand was noted for3BHK units. Demand in the segment witnessed a rise of 8 per centduring the Jan-Mar 2015 quarter to settle at 54 per cent. Supplyinched up marginally to settle at 56 per cent

l The 2BHK category was the second most supplied. However, thesegment witnessed a drop of 8 per cent in demand which settled at28 per cent. Supply also dropped by 2 per cent to settle at 13 per cent

l The 4BHK and above category was the second most supplied withnearly 30 per cent availability. However, it was oversupplied by alarge margin of 16 per cent as demand stood at 13 per cent

Q3 Q4

4337

29

21 22Q3 Q4

4342

14

38 40

13

66

15

58

21

Q3 Q4 Q3 Q4

777

786

Q3 Q4

46 54

11

28

13

36

Q3 Q4

55 56

28

15

29

13


Residential house

Residential plot

29 21 16 16

25

7

8 6




More than 90 per cent of the property supply along the Dwarka Expressway areapartments. However, the segment witnessed a drop in buyer demand in the Jan-Mar 2015 quarter. Demand shifted towards residential houses which recorded a rise of almost 10 per cent in demand.

A whopping 75 per cent of the supply in the zone was for properties priced between Rs 60 lakh and Rs 2 crore. Demand was also largely aligned towards this segment. The 2 and 3BHK units together formed nearly 90 per cent of the total demand in the zone.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l The Rs 60 lakh-Rs 1 crore budget category was most in demand andalso most supplied. Both demand and supply stood at 38 per cent.While demand grew by 8 per cent in the current quarter, supplyrecorded a slight drop of 1 per cent

l The Rs 1-2 crore budget range was oversupplied. While demanddropped by 8 per cent to settle at 20 per cent, supply was 17 per centhigher at 37 per cent

l Nearly 35 per cent demand was recorded for properties priced up toRs 60 lakh. However, supply (19%) in the segment lagged demand by15 per cent. Demand and supply of premium properties priced aboveRs 2 crore stood between 6-8 per cent

DEMAND & SUPPLY - Dwarka Expressway


l Demand for apartments recorded a drop of 12 per cent in the Jan-Mar 2015 quarter. As compared to the 76 per cent demand notedin the last quarter, it settled at 64 per cent this quarter. Supply leddemand at 92 per cent

l Demand for residential houses was found to be 9 times that of theexisting supply. While demand stood at 18 per cent, 9 per cent higherthan the last quarter, supply was low at 2 per cent

l Demand for plotted developments was also at 18 per cent, 3 per centhigher than the last quarter. Supply lagged demand 12 per cent. Itstood at 6 per cent

BHK wise Analysis

l As opposed to the last quarter when 2BHK units were the mostpreferred, 3BHK units gained prominence in the Jan-Mar 2015quarter. Demand for the former slipped to 41 per cent from 46 per cent. Demand for 3BHK units grew to 47 per cent, a rise of 8 per cent from the last quarter

l Supply along the Expressway was also concentrated on 3BHK units.It constituted almost 60 per cent of the total supply in the zone.Supply of 2BHK units stood unchanged at 30 per cent

l Both demand and supply of large housing formats remainedunchanged in the last six months. While demand stood at 7 per cent,supply was higher at 12 per cent

Q3 Q4

30

28

19

208

38

Q3 Q4

39

35

8

37

38

6 6

Q3 Q4

76

64

Q3 Q4

93 92

Q3 Q4

46

47

41

398

Q3 Q4

56 57

12

30

12

30

7


Residential house

Residential plot

15 18

9

16911

18

7

13 11

6

8

21Source:Magicbricks.com



Apartments formed more than 95 per cent of the total market supply in the zone. Supplyof other property types was almost negligible. Buyer demand was also the highest forapartments, even though it dropped from the last quarter.

Further, nearly 60 per cent demand was recorded for 3BHK units while supply for thesame settled at 53 per cent. Buyer demand shifted away from the 1 and 2BHK categories.An increased demand was noted for properties priced at Rs 1-2 crore. It was also the mostsupplied budget range with availability in the segment touching nearly 55 per cent.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Half of the buyer demand was recorded for properties priced at Rs 1-2 crore. Demand for the same stood at 50 per cent, 12 per centhigher than the last quarter. Supply in the segment also witnessed arise of 5 per cent to settle at 54 per cent

l Demand matched supply for the Rs 60 lakh-Rs 1 crore range. Whiledemand dropped by 3 per cent to settle at 25 per cent, supply stood at 24 per cent, 5 per cent lower than the previous quarter

l Both demand and supply dropped slightly to settle at 17 per cent forproperties above Rs 2 crore. Demand and supply for propertiespriced below Rs 60 lakh remained low

DEMAND & SUPPLY - Golf Course Extension Road


l The apartment category recorded a drop in demand during the Jan-Mar 2015 quarter. As compared to the 87 per cent demandrecorded in the last quarter, it dropped by 11 per cent to settle at 76 per cent

l Demand for residential houses doubled from the last quarter. Whileit stood at 7 per cent in the Oct-Dec 2014 quarter it grew to 14 per cent in the current quarter. However, supply was almostnegligible at 1 per cent

l Demand also grew for plots. Demand in the segment stood at 10 per cent, 4 per cent higher than the last quarter. Supply wassubdued at 3 per cent

BHK wise Analysis

l A rise of 9 per cent was recorded in the demand for 3BHK units,settling at a whopping 58 per cent. Supply was also the highest forthe segment at 53 per cent

l Demand dropped for 2BHK units by 5 per cent. As compared to the33 per cent demand recorded last quarter, it settled at 28 per centthis quarter. Supply lagged demand by 8 per cent to settle at 20 per cent

l An oversupply of nearly 15 per cent was recorded for the 4BHK andabove category. While supply remained stable for the last sixmonths, demand dropped by 3 per cent

Q3 Q4

5038

22

28

17

25

Q3 Q4

5449

19

29

17

24

Q3 Q4

87

76

95 96

Q3 Q4

Q3 Q4

49 58

14

33

11

28

Q3 Q4

55 53

25 25

19 20


Residential house

Residential plot

14

1076

7




Mid-segment properties were popular in the New Developing Sectors of Gurgaon. Supplyin the market was also concentrated on the same (Rs 60 lakh-Rs 1 crore). Affordableproperties priced up to Rs 60 lakh were oversupplied in the market by 6 per cent.

Apartments continued to be the most preferred property type in the zone. However, itwitnessed a drop in buyer demand. Buyers’ interest shifted towards residential housesand plotted options. However, supply of these categories in the market was found to benegligible. Buyers also shifted their focus towards 3BHK units over the 2BHK category.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l Demand for properties in the Rs 60 lakh-Rs 1 crore categorywitnessed a rise of 5 per cent in the Jan-Mar 2015 quarter. It settledat 55 per cent while supply in the category inched up by 2 per cent tosettle at 58 per cent

l Properties priced at Rs 1-2 crore were the second most preferredwith over 25 per cent demand. Supply in the category stood at 20 per cent, a drop of 3 per cent from the last quarter

l Both demand and supply remained subdued for properties pricedbelow Rs 40 lakh. The premium category (2 crore and above) wasalso not too active with 6 per cent demand and 3 per cent supply

DEMAND & SUPPLY - New Developing Sectors


l More than 95 per cent demand was noted for apartments in the Jan-Mar 2015 quarter. However, demand in the segment witnessed adrop of 9 per cent in the quarter to settle at 77 per cent

l Demand for residential houses jumped to 13 per cent from the 6 per cent demand recorded last quarter. Supply remained close tonil at 1 per cent

l Demand for plotted developments grew by 2 per cent to settle at 10 per cent in the current quarter. Supply, however, dropped to 3 per cent from the 5 per cent recorded in the last quarter

BHK wise Analysis

l Buyer preference shifted from 2BHK units to 3BHK units in the Jan-Mar 2015 quarter. Demand for 3BHK units grew by 8 per centfrom the previous quarter to settle at 51 per cent making it the mostpreferred category. Supply was also the highest at 55 per cent

l Demand dropped by 8 per cent for the 2BHK category, the mostpreferred size in the last quarter. Supply in the segment was 6 per cent lower at 32 per cent

l Both demand and supply for 1BHK units was found to be almostnegligible. Larger formats (4BHK and above) recorded almost stabledemand (8%) and supply (12%) figures in the last six months.

Q3 Q4

5550

8

24 26

9

Q3 Q4

5856

18

23 20

18

86

77

Q3 Q4

94 96

Q3 Q4

Q3 Q4

46

38

43 5187

Q3 Q4

55

32

12

32

12

56


Residential house

Residential plot

10

1368

13

6




The zone recorded a notable demand of more than 30 per cent for properties priced belowRs 40 lakh. This was the highest among all zones. Supply was concentrated for the Rs 60 lakh-Rs 1 crore category with over 60 per cent availability.

With nearly 80 per cent supply, apartments continued to be the most supplied propertytype in the city during the current quarter. A drop of 6 per cent was noted in its demand.Apartments of 2BHK noted almost 60 per cent demand while 3BHK units noted amaximum of over 50 per cent.

BHK wise Analysis



Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY



l Maximum demand was recorded for properties below Rs 40 lakh.The segment recorded a rise of 5 per cent in demand settling at 32 per cent. Supply, was far less at 7 per cent

l The Rs 40-60 lakh category was the second most preferred with 27 per cent demand. This was a drop of 5 per cent from the lastquarter. Again supply lagged demand by a huge margin of morethan 20 per cent

l Properties priced above Rs 60 lakh were oversupplied in the market.While demand stood at just above 41 per cent, supply for theseproperties was close to 90 per cent

DEMAND & SUPPLY - Manesar


l Demand dropped for apartments during the Jan-Mar 2015 quarter. Itsettled at 63 per cent, 6 per cent lower than the last quarter. However,supply, on the other hand, increased by nearly 15 per cent to settle at79 per cent

l Plots remained the second most preferred property type in Manesar.Demand in the category stood unchanged at 22 per cent in the lastsix months. However, supply, witnessed a considerable drop of 11 per cent from the previous quarter

l Demand for residential houses also grew in this quarter. It moved upfrom 9 per cent to settle at 15 per cent. Supply, on the other hand,dropped 3 per cent to settle at 10 per cent

BHK wise Analysis

l As observed in the last quarter, maximum demand was noted for2BHK units. However, demand for the same witnessed an increase of10 per cent in the Jan-Mar 2015 quarter. It settled at 59 per cent whilesupply lagged by a significant margin of 41 per cent

l Demand for 3BHK units dropped by 3 per cent to settle at 28 per centin the current quarter. Supply, on the hand jumped by more than 10 per cent to settle at 55 per cent

l Larger formats of 4BHK and above were oversupplied in the market.While the supply stood at 26 per cent, demand lagged supply by amargin of 22 per cent

Q3 Q4118

3226

Q3 Q4

1826

43

63

Q3 Q4

6963 65

79

Q3 Q4

Q3 Q4

3128

4959

Q3 Q4

42 55

28 26

3018

32

27

27

32

13

11

6


Residential house

Residential plot

22 22 22

10

14

9 1315

11

9

6

9

7



NOIDA-GHAZIABAD23VOL4, ISSUE 4; JAN-MAR, FY 2014-15 propindex.magicbricks.com

PROPINDEX - NOIDA-GHAZIABAD

The Noida City Index continued to rise by 9 per cent in the Jan-Mar 2015 quarter. The Ghaziabad City Index which wasstable in the previous quarter, dropped by 3 per cent. The ListedPrice Monitor of Noida remained unchanged but rose by 1 per cent for Ghaziabad in the current quarter.

Noida-Greater Noida

l Over 40 per cent localitiesrecorded a rise in 1-8 per centvalues which led to a 9 per centrise in the City Index

l A rise or drop of 0-2 per cent inthe capital values was capturedin Yamuna Expressway, Noida,Greater-Noida Expressway andNoida Extension which arrestedListed Price Monitor growth

l Sector -76, 77, 78 and 137 noted asupply of properties for sale. Inrental market, Sector- 50, 93Aand 104 offered maximumapartments on lease

l Almost 50 per cent localitiesregistered a rise in the rentalvalues between 1-10 per cent

l Noida-Greater Noida marketoffered 1.99-3.25 per cent grossrental return on investment

l Supply across the BHKconfiguration noted no change.Demand showed increase ordecrease by 1-4 per cent

l Demand for independent housesand plots rose by 5 per cent.Apartments recorded a 6 per cent drop

Ghaziabad

l Ghaziabad’s listings ofapartments registered over 20 per cent drop. 50 per cent ofthe localities witnessed a drop inaverage capital values by 0-4 per cent. As a result, the CityIndex was pushed by 3 per cent

l Indirapuram, Raj NagarExtension and CrossingsRepublik offering housingoptions showed 0-1 per cent dropin average capital values

l Except Kaushambi, rentalvalues rose across Ghaziabad

l The city continued to offerhealthy rental returns incomparison to other parts ofNCR between 2.46 - 4.03 per cent

l 3BHK units noted a rise indemand over 2BHK units. Thesupply across housing formatshowever remained stable

l Demand for apartments droppedby 6 per cent, whereas for plotsand independent houses it roseby 5 and 1 per cent

l Close to 50 per cent demand forproperties priced Rs 40-70 lakh.Supply fell short by 16 per cent

Key Takeaways

Lackluster realty in NCRThe eastern quadrant of NationalCapital Region (NCR) comprising ofNoida, Greater Noida and Ghaziabadforms the largest residential real estatemarket of the NCR. These micro-markets have been driven primarily byend-user and serve as bellwether ofbuyer sentiment when it comes toresidential real estate.

The main drivers of demand in thequadrant have been proximity andaccessibility to Delhi, emergence ofNoida as commercial hub andavailability of options in relativelyaffordable range.

Amidst few sprouts of marginalmovement in capital values in somesectors of Noida, overall marketsentiment remains subdued. Themarket has a high inventory overhang,fewer project launches and projectdelays. More than 50% of units in themarket are in various stages ofconstruction and these are scheduledto be delivered over coming 2-3 years.

End-users undermine the ability of thedevelopers to meet the deliverydeadline. Hence, buyers are in thewait-and-watch mode where they’reexpecting lowering of home loan ratesand better economic scenario.

While developers have come-up withinnovative payment plans like ‘No EMItill possession’ the market suffers froma crisis of confidence. It is likely toremain lackluster over the coming yearand only projects with visibility oncompletion may interest buyers.

Greater Noida is the ‘affordable’housing market of the National CapitalRegion. It is also the single largestresidential micro-market in NationalCapital Region and accounts for morethan 40% of all supply and sales in themarket. More than 85% of units in themarket are under-construction andmost projects are already facingdelays.

Real estate activity in Ghaziabad hasremained stable with no spike seen onthe supply and demand side. RajNagar Extension offered apartments atRs 3,000 per sq ft category andcontinued to witness demand.Otherwise, the sale activity is primarilyconcentrated in the builder-floorsegment.

Magicbricks Bureau

E d i t o r i a l


NOIDA-GHAZIABAD 24VOL4, ISSUE 4; JAN-MAR, FY 2014-15propindex.magicbricks.com

l The capital market of Noida more or less remainedthe same in the Jan-Mar 2015 quarter as compared tothe previous quarter. An increase of 3 per cent wasrecorded in Greater Noida West

l Property prices dropped by 4 per cent in Sector 1during the current quarter whereas Zeta 1 andSector 129 recorded a 2 per cent dip in capital values

l Other localities which witnessed a rise in propertyprices during the current quarter included Sectors 77, 78, 104, 121, 137 and 168

l In comparison to the previous quarter, capitalvalues remained unchanged in Sectors 74, 119, 120and 143 during the present quarter

LISTED PRICE MONITOR - Noida


Sector-50 17.75 7,680 2.77%Sector-82 15.25 6,095 3.00%Sector-62 15.50 6,185 3.01%Sector-61 16.75 7,405 2.71%Zeta 1 9.00 3,325 3.25%Sector-93 15.25 7,380 2.48%Sector-93B 18.50 7,835 2.83%Sector-29 16.75 7,860 2.56%Sector-119 11.50 4,730 2.92%Sector-44 19.75 11,915 1.99%

YIELD METER - Noida

l Zeta 1 offered the highest rental returns (3.25%) inthe city in the Jan-Mar 2015 quarter. This was aresult of the 2 per cent drop in capital values and 9 per cent rise in the rental values

l Sector 62 offered 3.01 per cent gross yield. Rentalvalues increased by 2 per cent while the capitalvalues rose by 1 per cent during the same period

l Other localities which offered high rental returnsin the current quarter included Sectors 50 (2.77%),82 (3.00%), 93B (2.83%) and 119 (2.92%)

l Sector 44 continued to record the lowest grossyield of in the city. However it increased to 1.99 per cent as compared to 1.86 per cent noted inthe previous quarter

RENT MONITOR - Noida

l Sector 34 and 93B recorded a 6 per cent rise in therental values, which was the highest in the cityduring the Jan-Mar 2015 quarter

l Sector 29 and 93A witnessed a 3 per cent increase inrental values during the present quarter

l Other localities which recorded a rise in rentalvalues were Sectors 37, 62, 76 and 137. A 2 per centincrease was witnessed in all these areas in thecurrent quarter

l Maximum drop of 2 per cent was witnessed inSectors 45, 52, 93, and 110. Rental values remainedunchanged in Sectors 61, 104, 120 and 121 during thepresent quarter

0%Source:Magicbricks.com Source:Magicbricks.com



PREFERRED LOCALITIES - NOIDA

l Three new entrants in top ten preferred localitieslist for sale in the Jan-Mar 2015 quarter. Sector 77made its debut at the eighth slot in the list

l Sector 120 acquired the ninth position while Sector45 grabbed the tenth slot during the current quarter

l Noida Extension continued to be the most preferredlocalities for sale in Noida during the Jan-Mar 2015quarter. The locality witnessed a 3 per cent rise inproperty prices

l Noida Expressway inched up one position to grabthe second slot in the list whereas Sector 78 jumpedthree positions to acquire the third spot in thepresent quarter

l Sector 76 slipped two positions to settle at fourthspot whereas Yamuna Expressway held on to its fifthposition in the list during the current quarter

l Sector 137 inched up one position while Sector 50slipped three positions to settle at sixth and seventhslots respectively in the present quarter

l Sector 62 was the most preferred locality for rent inNoida during the Jan-Mar 2015 quarter. The localitysaw a 5 per cent rise in rental values

l Noida Expressway made its debut at second positionin the top ten preferred localities for rent. Rentalvalues have dropped by 7 per cent

l Sector 50 slipped one position to settle at the thirdslot while Sector 76 jumped two positions to grab thefourth spot in the list

l Both Sector 61 and Sector 82 moved up two positionsto settle at fifth and sixth spot respectively in thepresent quarter

l Sector 19 and Sector 29 held on to its respectiveseventh and ninth positions in the list of top tenpreferred localities for rent

l Sector 52 and Sector 37 interchanged their respectivepositions in the current quarter. While Sector 52jumped two positions to grab the eighth slot whereasSector 37 slipped two positions to settle at tenth spot

RENT



Noida Extension 1 1 3020 to 3680 3%

Noida Expressway 2 3 4130 to 5310 2%

Sector 78 3 6 5120 to 6000 1%

Sector 76 4 2 4810 to 5380 -1%

Yamuna Expressway 5 5 2810 to 3550 2%

Sector 137 6 7 4970 to 5590 1%

Sector 50 7 4 7140 to 8660 -1%

Sector 77 8 - 5300 to 5850 1%

Sector 120 9 - 4860 to 5640 0%

Sector 45 10 - 5680 to 6650 -1%

SALE



Sector 62 1 1 14000 to 18000 5%

Noida Expressway 2 - 12000 to 15000 -7%

Sector 50 3 2 15500 to 20000 1%

Sector 76 4 6 11000 to 13500 0%

Sector 61 5 3 14500 to 18500 -1%

Sector 82 6 4 12000 to 15500 2%

Sector 19 7 7 19000 to 24500 0%

Sector 52 8 10 14000 to 18500 -2%

Sector 29 9 9 14500 to 18500 2%

Sector 37 10 8 14500 to 18500 2%

Home in your Budget

Upto Rs 20 Lakh

l Affordable properties worthup to Rs 20 lakh wereavailable in Shahberi, PariChowk, Dadri Main Road,Sarafabad, Dadri and Kasna

l Properties worth Rs 60 lakhand Rs 1 crore were commonin Sectors 76, 77, 78 and 79

l Sectors 44, 45, 50, 78 93 and93A recorded high supply ofpremium properties worth Rs 1 core and above

Noida Extn, Yamuna Expwy, Sectors 1, 4 and 151, Zeta 1 Rs 20-40 Lakh

Sectors 74, 118, 134, 135, 143, 143A and 168, Sector MURs 40-60 Lakh

Sectors 76, 77, 78, 79, 100, 110, 119, 120 and 137 Rs 60-100 Lakh

Sectors 44, 45, 50, 78 93, 93A, 93B, 104 and 128 Rs 1 Crore & Above

Sector 73, Shahberi, Pari Chowk, FNG Expwy, Sarafabad




l A drop of 4 per cent was noted in the property pricesin Govindpuram, Kaushambi, Pratap Vihar, ShaktiKhand 3 and Lal Kuan in the Jan-Mar 2015 quarter

l Ahinsa Khand-1 and Mohan Nagar were few of thelocalities which witnessed a rise in capital values inthe current quarter. Both the localities recorded arise of 5 per cent in property prices

l Indirapuram, Vaishali, Crossings Republik and DLFDilshad Extension registered a nominal dip of 1 per cent in property prices in the current quarter

l Capital values remained unchanged in Ram NagarExtension, Indraprastha Yojna and Ram Prastha inthe present quarter

LISTED PRICE MONITOR - Ghaziabad

Y I E L D M E T E R - G h a z i a b a d

l A rise of 7 per cent in rental values and drop of 4 per centin capital values, made Shakti Khand offer the highestrental returns in Ghaziabad during the Jan-Mar 2015quarter. Gross yield of 4.03 per cent was noted here

l Neeti Khand-I offered the next highest rental returns(3.43%) followed by Indirapuram with 3.08 per cent in the present quarter

RENT MONITOR - Ghaziabad

l Majority localities in Ghaziabad witnessed a rise inrental values in the Jan-Mar 2015 quarter

l Crossings Republik and Shakti Khand 3 recorded thehighest rise of 7 per cent in rental values during thecurrent quarter

l Other localities which registered a 4 per cent rise inrental values included Indirapuram and AhinsaKhand-1

l Vaishali, Vasundhara and Abhay Khand witnessed arise in rental values in the present quarter. Anincrease of 2 per cent was noted in these localities.Rental values remained unchanged in Raj NagarExtension and Neeti Khand 1 in the current quarter

l Lowest rental yield of 2.46 per cent wasrecorded in Crossings Republik. The localityrecorded a drop of 1 per cent in capital valueswhile rental values increased by 7 per cent

l Other localities with high rental returns in the current quarter were Vaishali, Vasundharaand Raj Nagar Extension


Indirapuram 13.25 5160 3.08%Vaishali 13.25 5465 2.91%Vasundhara 11.25 4880 2.77%Crossings Republik 7.50 3665 2.46%Kaushambi 13.00 5840 2.67%Raj Nagar Extension 7.50 3245 2.77%Ahinsa Khand-I 13.25 6145 2.59%Shakti Khand-III 15.00 4465 4.03%Neeti Khand-I 13.50 4725 3.43%

1%Source:Magicbricks.com Source:Magicbricks.com



PREFERRED LOCALITIES - GHAZIABAD

l Indirapuram was the favourite locality for sale inGhaziabad during the Jan-Mar 2015 quarter. Thecapital values dropped by 1 per cent

l Vaishali continued to sit at the same spot in the topten preferred localities for sale. The locality held onto its second position in the list

l Vasundhara replaced Raj Nagar Extension to gainthe third slot in the list of preferred localities in thecurrent quarter. The locality recorded a dip of 2 per cent in property prices

l Crossings Republik retained its fifth positionwhereas Kaushambi inched up one position to settleat sixth spot in the list

l While Rajendra Nagar jumped three positions tograb the seventh slot, Govindpuram slipped downtwo positions to settle at eight spot in the list

l Surya Nagar and DLF Ankur Vihar made theirdebut at the ninth and tenth positions respectivelyin the list of top ten preferred localities for sale

l Indirapuram emerged as a favourite locality in thelist of top ten preferred localities for rent in the Jan-Mar 2015 quarter. The locality witnessed a riseof 4 per cent in rental values

l Vaishali overtook Crossings Republik to grab thesecond slot in the list in the current quarter. Rentalvalues increased by 2 per cent here

l Vasundhara held on to its fourth spot whereasKaushambi inched up one position to settle at fifthslot in the list

l Both Raj Nagar Extension and Vaishali Sector 4moved up one position each to settle at sixth andeighth spot respectively

l Niti Khand slipped down one position to settle atseventh slot in the list. The locality witnessed a dropof 5 per cent in capital values in the current quarter

l Surya Nagar and Vaishali Sector 5 were the newentrants in the list of top ten list preferred localitiesfor rent in the current quarter

Lal Kuan, DLF Ankur Vihar, Morta, Govindpuram, Loni

Home in your Budget

Upto Rs 20 Lakh

l Loni, Dasna, Chhapraula andMurad Nagar offeredaffordable properties worthup to Rs 20 lakh

l Supply of properties worth Rs 20-70 lakh was recorded inseveral sectors of Vasundhraand Vaishali

l Supply of properties worth Rs 1 core and above waswitnessed in Indirapuram,Ahinsa Khand 1 and 2

Raj Nagar Extn, Vasundhara Sector 3, DLF Ankur Vihar Rs 20-40 Lakh

Indirapuram, Crossings Republik, Neeti Khand 1 Rs 40-70 Lakh

Indirapuram, Ahinsa Khand 2, Vaibhav KhandRs 70-100 Lakh

Indirapuram, Ahinsa Khand 1 and 2Rs 1 Crore & Above

RENT



Indirapuram 1 1 4700 to 5990 -1%

Vaishali 2 2 4940 to 6410 -1%

Vasundhara 3 4 4460 to 5640 -2%

Raj Nagar Extn 4 3 3030 to 3630 0%

Crossings Republik 5 5 3450 to 4050 -1%

Kaushambi 6 7 5320 to 6780 -4%

Rajendra Nagar 7 10 4460 to 6020 10%

Govindpuram 8 6 2370 to 3120 -4%

Surya Nagar 9 - 6680 to 8500 2%

DLF Ankur Vihar 10 - 2600 to 3150 0%

SALE



Indirapuram 1 1 11500 to 15000 4%

Vaishali 2 3 11500 to 15000 2%

Crossings Republik 3 2 6500 to 8500 7%

Vasundhara 4 4 10000 to 12500 2%

Kaushambi 5 6 11500 to 14500 -2%

Raj Nagar Extn 6 5 6500 to 8500 0%

Niti Khand-Indirapuram 7 8 11000 to 14000 -5%

Vaishali Sector 4 8 7 13000 to 16500 -2%

Surya Nagar 9 - 13000 to 14500 10%

Vaishali Sector 5 10 - 13000 to 16500 10%





l Demand in Noida slipped towardsthe Rs 40-60 lakh category in theJan-Mar 2015 quarter with 32 per cent demand. Supply of thesame was 21 per cent. Premiumproperties worth Rs 1 crore andabove were oversupplied by 7 per cent in the city

l Demand and supply of the Rs 20-40 lakh category was at 24 percent, while 27 per cent demand wasfor Rs 60 lakh-Rs 1 crore categorywith its supply at 24 per cent

D E M A N D - S U P P LY A N A LY S I S - N o i d aBoth demand and supply in Noida continued to be concentrated on 2HK units in the Jan-Mar 2015 quarter. The category witnessed 49 per cent demand and 41 per cent supply. Largerunits (3BHK and above) were oversupplied in the city.

Apartments were oversupplied in the city during the current quarter. Supply of both residentialhouses and plots lagged behind its demand by 7 per cent and 5 per cent respectively. Demand forthe Rs 20-40 lakh and the Rs 40-60 lakh categories increased whereas the preference for the Rs 60 lakh-Rs 1 crore and Rs 1 crore and above dipped in the current quarter.


l Apartments in Noida wereoversupplied by 12 per cent in theJan-Mar 2015 quarter. Demand forthe category was 67 per cent, a 5 per cent dip from the previousquarter. Supply for the sameincreased marginally by 1 per centand stood at 79 per cent

l Demand for residential houses ledits supply by 7 per cent in thepresent quarter. The categoryregistered 17 per cent demand andwhile its supply was 10 per cent

BHK wise Analysis

l Demand for 1BHK units droppedby 4 per cent and stood at 10 percent in the Jan-Mar 2015 quarter.Supply for the same was 7 per cent.There was 49 per cent demand and41 per cent supply, registering amismatch of 8 per cent

l While the supply of 3BHK categoryremained unchanged, its demandincreased nominally by 3 per cent.The category saw 35 per centdemand and 39 per cent supply

50

40

30

20

10

0<20 20-40 40-60 60-100 100 &

above


Figures in Rs lakh

2

2024

2932 31

27

17 15



DEMAND

50

40

30

20

10

0<20 20-40 40-60 60-100 100 &

above

9


Figures in Rs lakh

9

26 24 23 2126 24

16

22


SUPPLY


60

40

20

0

1410

48 49

32 35

6 6




DEMAND SUPPLY60

40

20

0

7 7

41 4139 39

13 13





100

80

60

40

20

0

72 67

1317 15 16




DEMAND100

80

60

40

20

0

78 79

9 10 13 11




SUPPLY




Supply across all BHK configurations in the zone remained unchanged during the Jan-Mar 2015 quarter. Demand on the hand, dipped for 1 and 2BHK units and increased forlarger units (3BHK and above) in the current quarter.

While demand for apartments dipped, preference for residential houses and plotsincreased. Supply remained concentrated towards apartments. Properties worth Rs 60 lakh - Rs 1 crore were the most demanded and supplied in the zone. Demand (26%)and supply (27%) for Rs 40-60 lakh category was almost synonymous.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above


l Demand and supply for the Rs 60 lakh-Rs 1 crore category wasmatching at 46 per cent in the zone during the Jan-Mar 2015 quarter.Demand for the Rs 40-60 lakh category dropped by 5 per cent andstood at 26 per cent. Supply for the same was 27 per cent

l Both demand and supply for Rs 20-40 lakh category increased by 2 per cent and 1 per cent respectively in the current quarter. Thecategory recorded 16 per cent demand and 9 per cent supply,registering a mismatch of 7 per cent

l An oversupply of 2 per cent was noted in the Rs 1 crore and abovecategory, where demand was 10 per cent and supply was 12 per cent

DEMAND & SUPPLY - New Developing Sectors


l Demand for apartments dropped by 9 per cent while its supplyincreased marginally by 1 per cent in the zone. The category saw 80 per demand against 97 per cent supply, registering a mismatch of 17 per cent

l Demand for residential houses increased by 5 per cent in the current quarter and stood at 11 per cent. Supply for the same wasinsignificant at 1 per cent

l A gap of 7 per cent was recorded in the demand and supply of plotsin the current quarter. Demand for the category increased by 4 per cent and stood at 9 per cent while its supply was 2 per cent, a 1 per cent dip from the previous quarter

BHK wise Analysis

l Demand for 2BHK units in the zone dropped by 6 per cent while itssupply remained unchanged during the Jan-Mar 2015 quarter. Thecategory saw 48 per cent demand against 42 per cent supply,registering a mismatch of 6 per cent

l Supply of 3BHK units led its demand by 7 per cent. There was 36 per cent demand, a 5 per cent increase from the previous quarterwhile the supply remained stable at 43 per cent

l While the supply of 1BHK units remained unchanged at 8 per cent,its demand dipped by 1 per cent and stood at 11 per cent. Anoversupply of 2 per cent was noted in the 4BHK and above category

Q3 Q4

2631

14

41 46

16

1012Q3 Q4

8 9

26

46

12

46

27

12

Q3 Q4

4854

12

31

11

36

Q3 Q4

4343

42

7 7

42

8

DEMAND SUPPLY


Q3 Q4

8980

Q3 Q496 97


Residential house

Residential plot

8

6

8

116

9




While demand was high for 2BHK units, supply was inclined towards 3BHK category .Larger units (4BHK and above) continued to be oversupplied. Noida-Greater NoidaExpressway witnessed low supply of residential houses and plots.

On the other hand, apartments were oversupplied. Both demand and supply continued to be inclined towards the Rs 60 lakh-Rs 1 crore category. Premium properties worth Rs 1 crore and above were oversupplied. A gap of 9 per cent was witnessed in the demandand supply of the Rs 20-40 lakh category.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above


l While the supply of Rs 1 crore and above category remainedunchanged, the demand dipped by 6 per cent in the zone during Jan-Mar 2015 quarter. The category recorded 20 per cent demandand 28 per cent supply, registering a mismatch of 8 per cent

l An oversupply of 6 per cent was noted in the Rs 60 lakh-Rs 1 crorecategory in the current quarter. The category registered 34 per centdemand and 40 per cent supply

l Demand for the Rs 40-60 lakh category was 29 per cent, a 7 per centrise from the previous quarter. Supply for the same increased by 3 per cent in the current quarter and stood at 25 per cent

DEMAND & SUPPLY - Noida-Greater Noida Expressway


l Demand for apartments was 71 per cent in the zone, a 12 per centdrop from the previous quarter while its supply stood at 93 per cent,a 3 per cent increase in the current quarter. The category registereda mismatch of 22 per cent

l Residential houses witnessed 9 per cent rise in its demand, whichstood at 16 per cent in the current quarter. Supply for the same wasinsufficient at 2 per cent

l While demand for plots increased by 3 per cent, its supply dipped bythe same. There was 13 per cent demand against 5 per supply. A gap8 per cent was witnessed in the demand and supply of the category

BHK wise Analysis

l Demand for 2BHK units led its supply by 11 per cent in the Jan-Mar 2015 quarter. The category saw 46 per cent demand, a 2 per cent rise from the previous quarter while its supply remainedunchanged at 35 per cent

l Both demand and supply for 3BHK units increased by 2 per cent and1 per cent respectively in the current quarter. There was 39 per centdemand and 47 per cent supply, registering a mismatch of 8 per centin the current quarter

l Similar mismatch was observed in the 4BHK and above categorywhere supply led its demand by 7 per cent. There was 8 per centdemand and 15 per cent supply

Q3 Q4

2922

26

37 34

13

20Q3 Q4

2522

8

28

39

28

40

6

Q3 Q4

44 46

837

117

398

Q3 Q4

46 47

15

35

15

35

DEMAND SUPPLY

DEMAND SUPPLY


Q3 Q4

83

71

Q3 Q4

90 93Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Apartment

Residential house

Residential plot

10 13 8

15

7 16




While demand for smaller units (1 and 2BHK) dipped in Old Noida, the zone witnessed arise in preference for larger units (3BHK and above). A significant gap of 25 per cent wasnoted in the demand and supply of the 2BHK category.

Demand for residential houses increased whereas its supply dropped. Apartments on theother hand noted a dip in its demand while the supply increased. While supply in OldNoida remained concentrated towards the Rs 1 crore and above category, demand wassplit up between the Rs 60 lakh-Rs 1 crore and Rs 1 crore and above categories.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY

DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above


l An oversupply of 25 per cent was noted in the Rs 1 crore and abovecategory in the Jan-Mar 2015 quarter. The category registered 36 per cent demand, a 7 per cent increase from the previous quarter.Supply for the same dipped by 3 per cent and stood at 61 per cent

l Demand for the properties worth Rs 60 lakh-Rs 1 crore category was34 per cent while its supply was 29 per cent

l Demand for the Rs 40-60 lakh category led its supply by 13 per cent.The category witnessed 15 per cent demand, a drop of 8 per centfrom the previous quarter. Supply for the same was mere 2 per cent

DEMAND & SUPPLY - Old Noida


l Apartments witnessed an oversupply of 9 per cent in the zoneduring the Jan-Mar 2015 quarter. The demand for the category was75 per cent, a 3 per cent dip from the previous quarter. Supply for thesame increased by 6 per cent and stood at 84 per cent

l Demand for residential houses led its supply by 6 per cent in thecurrent quarter. The category registered 14 per cent demand whileits supply was 8 per cent

l Supply of plots remained unchanged at 8 per cent, its demandincreased marginally by 1 per cent and stood at 11 per cent. Thecategory registered a mismatch of 3 per cent in the current quarter

BHK wise Analysis

l Even though the demand for 2BHK units witnessed a drop of 7 per cent in the Jan-Mar 2015 quarter, the category continued to bethe most preferred in the zone. Supply on the other hand wasinclined towards 3BHK category

l Demand for 2BHK units was 45 per cent while its supply was 20 per cent, registering a mismatch of 25 per cent. The 3BHK unitswitnessed 40 per cent demand, an 8 per cent increase from theprevious quarter while its supply was 48 per cent

l An oversupply of 19 per cent was recorded in the 4BHK and abovecategory during the current quarter. There was 11 per cent demandagainst 30 per cent supply in the zone

Q3 Q4

15

3034

23

29

17

36Q3 Q4

6164

28 29

Q3 Q4

45

52

3211

40

Q3 Q4

46

30

48

32

20 20

DEMAND SUPPLY


Q3 Q4

78 75

Q3 Q4

7884

141412 8Q3 (Oct-Dec 2014)Q4 (Jan-Mar 2015)Apartment

Residential house

Residential plot

10 11 8 8

9

12

7




Demand for smaller units (1 and 2BHK) led its supply in Greater Noida during the Jan-Mar 2015 quarter while larger units (3BHK and above) remained oversupplied. Bothdemand and supply for apartments increased in the zone during the current quarter.

Plots witnessed a drop in its demand and supply. While the demand was high for the Rs 40-60 lakh category, supply in the zone was inclined towards properties worth Rs 20-40 lakh. Affordable properties worth up to Rs 20 lakh were oversupplied in the zone.Demand and supply of premium properties worth Rs 1 crore and above was synonymous.

BHK wise Analysis



Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY


2 BHK

3 BHK

4 BHK & above


l Demand and supply for Rs 1 crore and above category was at 7 per cent in the zone during the Jan-Mar 2015 quarter

l While demand for the Rs 60 lakh-Rs 1 crore category dropped by 3 per cent, its supply dipped by 2 per cent. A 19 per cent demand and13 per cent supply was registered which saw a 6 per cent mismatch

l Demand for the Rs 40-60 lakh category led its supply by 17 per cent.The category recorded 39 per cent demand against 22 per centsupply. An oversupply of 9 per cent was noted in the Rs 20-40 lakhcategory, where demand was 33 per cent and supply was 42 per cent

DEMAND & SUPPLY - Greater Noida


l Both demand and supply of apartments increased in the zoneduring the current quarter. The category recorded 64 per centdemand, a 13 per cent increase from the previous quarter. Supply ofthe same increased by 10 per cent and stood at 74 per cent

l Demand for residential houses led its supply by 6 per cent. Therewas 19 per cent demand and 13 per cent supply. While demand forthe category dipped by 3 per cent, its supply dropped by 2 per cent

l Demand for plots dropped by 10 per cent in the zone and stood at 17 per cent. Supply of the same dipped by 8 per cent and stood at 13 per cent

BHK wise Analysis

l Both demand and supply for 2BHK units increased by 5 per cent and2 per cent respectively in the Jan-Mar 2015 quarter. The categoryrecorded 53 per cent demand against 48 per cent supply, registeringa mismatch of 5 per cent

l Supply of 3BHK units led its demand by 2 per cent in the currentquarter. While demand for the category was 32 per cent, its supplywas 34 per cent in the current quarter

l An oversupply of 5 per cent was noted in the 4BHK and above units.Demand for the category was 3 per cent while its supply was 8 per cent. The 1BHK category registered 12 per cent demand and 10 per cent supply

Q3 Q4

3934

13

2219

28

7Q3 Q4

2224

41

815

713

42

12

Q3 Q4

48 53

31

16 12

32

Q3 Q4

34 34

10

46

8

48

DEMAND SUPPLY

DEMAND SUPPLY


Q3 Q4

5164

Q3 Q4

64 74


Residential house

Residential plot

27 17 21 13

33

2219 15

13

10 10

16




50

40

30

20

10

0<20 20-40 40-70 70-100 100 &

above


Figures in Rs lakh

2

2621

4348

15 15 12 14



DEMAND

50

40

30

20

10

0<20 20-40 40-70 70-100 100 &

above

12


Figures in Rs lakh

14

32 35 33 32

13 11 108


SUPPLY


60

40

20

0

18

10

51 49

27

37

4 4



1 BHK 2 BHK 3 BHK 4BHK &above

DEMAND SUPPLY60

40

20

0

13 14

47 46

34 34

6 6



1 BHK 2 BHK 3 BHK 4BHK &above


l Buyers in Ghaziabad preferredproperties worth Rs 40-70 lakh,which recorded 48 per centdemand. Supply moved towards theRs 20-40 lakh category in thecurrent quarter. The categoryrecorded 35 per cent supply

l Affordable properties worth up toRs 20 lakh were oversupplied by 12 per cent during the currentquarter while the supply ofpremium properties worth Rs 70 lakh and above remained low

D E M A N D - S U P P LY A N A LY S I S - G h a z i a b a dThough 2BHK units continued to be the most preferred configuration in Ghaziabad, it was the3BHK category that recorded a rise in preference during the Jan-Mar 2015 quarter. A significantrise of 10 per cent was witnessed in the demand for 3BHK units. Supply of both 2 and 3BHKcategories remained unchanged since the last six months.

While buyers were looking for residential houses in the city, supply for the same was marginal. On the contrary, apartments were oversupplied in the present quarter. Clearly, both demand andsupply in the city was concentrated towards Rs 20-40 lakh and Rs 40-70 lakh categories. Togetherthey registered 69 per cent demand and 67 per cent supply.


l Apartments witnessed anoversupply of 14 per cent in theJan-Mar 2015 quarter. The categoryrecorded 71 per cent demand, a 6 per cent dip from the previousquarter. Supply stood at 85 per cent

l Demand for residential housesincreased by 5 per cent and stood at16 per cent. Supply for the samewas mere 3 per cent, registering amismatch of 11 per cent. Demand(13%) and supply (12%) for plotswas almost synonymous

BHK wise Analysis

l An oversupply of 4 per cent wasrecorded in the 1BHK categorywhere demand was 10 per cent andsupply was 14 per cent. Highestdemand (49%) and supply (46%)was recorded for 2BHK units

l Supply of 3BHK units remainedunchanged at 34 per cent. Demandstood at 37 per cent. Demand for4BHK and above category was 4 per cent while its supply was 6 per cent


100

80

60

40

20

0

71 71

1116 12 13




DEMAND100

80

60

40

20

0

87 85

2 311 12




SUPPLY



CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Alaknanda 14460 to 17840

Anand Niketan 26590 to 34360

Chhattarpur 4350 to 5660

Chittaranjan Park 14260 to 18230

Defence Colony 25750 to 33340

Dwarka 4930 to 7110

Dwarka Mor 4110 to 5240

Dwarka Sector 2 8240 to 9830













Dwarka Sector 18B 7760 to 9550





East of Kailash 15490 to 20440

Greater Kailash 17710 to 22600

Greater Kailash 1 16910 to 21660

Greater Kailash 2 17780 to 23030

Green Park 19060 to 24210

Green Park Extn 17270 to 22280

Gulmohar Park 26690 to 34440

Hari Nagar 7280 to 9100

Hauz Khas 19640 to 24700

Hauz Khas Enclave 23050 to 30080

Indraprastha Extn 10740 to 13550

Janakpuri 11260 to 14440

Jangpura Extension 19160 to 25970

Kailash Colony 16360 to 20480

Kalkaji 12470 to 16220

Khanpur 3860 to 4800

Lajpat Nagar 3 17070 to 22070

Mahavir Enclave 4730 to 5860

Mahavir Enclave Part 1 4900 to 5950

Malviya Nagar 10450 to 13260

Mayur Vihar 1 11390 to 14470

New Friends Colony 18000 to 23740

Pamposh Enclave 19770 to 25380

Panchsheel Enclave 19820 to 25520

Panchsheel Park 21440 to 28300

Paschim Vihar 10120 to 12720

Patparganj 10720 to 13620

Pitampura 10350 to 13300

Rohini Sector 24 7030 to 8840



Safdarjung Dev. Area 23840 to 29860

Safdarjung Enclave 19120 to 24310

Saket 16330 to 20810

Sarita Vihar 9880 to 12230

Sarvapriya Vihar 20000 to 24830

Sarvodaya Enclave 19720 to 24430

South Extn 2 17450 to 22700

Uttam Nagar 3780 to 4840

Uttam Nagar West 3740 to 4740

Vasant Kunj 12930 to 16530

Vasant Kunj Sector D 12270 to 15520

Vasant Vihar 25200 to 33660

Vasundhara Enclave 9380 to 11350

Vikaspuri 8810 to 11190

Locality Capital Values (Rs/Sq feet)


DELHI




Ardee City 6620 to 8340

Central Park 2 9460 to 10380

DLF City Phase 1 9390 to 11920

DLF City Phase 2 10830 to 14090

Dlf City Phase 4 11090 to 13030

Dlf City Phase 5 12380 to 14030

Dwarka Expressway 4840 to 6280

Dwarka-Manesar Expressway 4790 to 6350

Golf Course Extn Road 7780 to 9730

Golf Course Road 12210 to 14980

Gurgaon - Faridabad Road 7330 to 8910

MG Road 11510 to 13360

Malibu Town 7430 to 9150

Nirvana Country 8460 to 10150

Palam Vihar 7340 to 9140

Sector 33 7270 to 8640

Sector 37C 4060 to 5010

Sector 37D 4060 to 4920

Sector 46 7240 to 9410

Sector 47 7930 to 10060

Sector 48 8590 to 10390

Sector 49 8460 to 10180

Sector 50 8780 to 10580

Sector 51 7110 to 8910

Sector 52 6960 to 9300

Sector 54 12080 to 15400

Sector 56 6960 to 8480

Sector 57 7690 to 9240

Sector 58 10070 to 11520

Sector 59 9260 to 10660

Sector 60 8580 to 9780

Sector 61 8480 to 9360

Sector 62 8240 to 9540

Sector 65 6620 to 8320

Sector 66 7530 to 8760

Sector 67 7000 to 8590

Sector 68 5570 to 6950

Sector 69 5840 to 6910

Sector 70 5550 to 6610

Sector 71 5960 to 6660

Sector 72 7050 to 8230

Sector 73 4360 to 4990

Sector 76 4780 to 6260

Sector 77 4670 to 5530

Sector 78 5250 to 6780

Sector 79 4890 to 6400

Sector 81 4750 to 5570

Sector 82 4970 to 6590

Sector 83 4860 to 5810

Sector 84 4230 to 5250

Sector 85 4250 to 5070

Sector 86 3790 to 4670

Sector 89 4550 to 5420

Sector 90 3990 to 4780

Sector 91 3680 to 4520

Sector 92 3780 to 4910

Sector 99 4510 to 5630

Sector 102 5090 to 6360

Sector 103 3870 to 4680

Sector 104 6490 to 7940

Sector 106 4970 to 5670

Sector 109 5520 to 6670

Sector 111 5690 to 7970

Sohna Road 7550 to 9750

South City 2 7210 to 9490

Suncity 11110 to 13560

Sushant Lok 1 8420 to 10960

Sushant Lok 2 6650 to 8510



GURGAON

NOTEOld Gurgaon: Sec-2 to 24 New Gurgaon: Sec-25 to 57 Golf Course Extn : Sec-58 to 67Sohna Road: Sec-68 to 80 New Developing Sectors: Sec-81 to 95 Dwarka Expressway: Sec-99 to 115




NOIDAKendriya Vihar 2 6010 to 7080

Sector 25 7110 to 8580

Sector 28 9650 to 12290

Sector 32 7570 to 8610

Sector 34 7080 to 8340

Sector 37 7270 to 9360

Sector 44 10760 to 14000

Sector 45 5680 to 6650

Sector 46 4960 to 5350

Sector 47 6680 to 7630

Sector 49 3440 to 4230

Sector 50 7140 to 8660

Sector 51 6910 to 8060

Sector 52 7030 to 8000

Sector 61 6880 to 8350

Sector 75 4490 to 5180

Sector 76 4810 to 5380

Sector 77 5300 to 5850

Sector 78 5120 to 6000

Sector 79 4230 to 4800

Sector 82 5700 to 6800

Sector 92 7210 to 8630

Sector 93 6710 to 8580

Sector 94 10490 to 12360

Sector 96 7290 to 8890

Sector 99 5220 to 6290

Sector 100 5720 to 6630

Sector 104 7550 to 8360

Sector 107 5490 to 6630

Sector 108 5600 to 6130

Sector 110 5320 to 6220

Sector 113 4020 to 4690

Sector 117 4260 to 5060

Sector 118 4110 to 4580

Sector 119 4400 to 5320

Sector 120 4860 to 5640

Sector 121 4770 to 5420

Sector 128 6210 to 8080

Sector 129 4430 to 4960

Sector 131 4650 to 5560

Sector 133 4140 to 4710

Sector 134 4050 to 4600

Sector 135 4260 to 4890

Sector 137 4970 to 5590

Sector 143 4300 to 4910

Sector 144 3320 to 4020

Sector 150 4340 to 5100

Sector 151 3080 to 3550

Sector 168 4840 to 5380

GREATER NOIDAAlpha 1 3790 to 4290

Chi 3 3670 to 4430

Chi 4 4700 to 5610

Chi 5 3120 to 3670

Chi-Phi 3630 to 4790

Eta 2 3340 to 3880

Knowledge Park 5 2510 to 2760

Noida Extension 3050 to 3710

NRI City 3520 to 4080

Omega 1 3520 to 4270

Omicron 1 2970 to 3860

Omicron 3 2300 to 2890

Pari Chowk 3380 to 4410

Phi 1 3820 to 4980

Phi 2 3270 to 4030

Sector 1 3140 to 3740

Sector 2 3310 to 3640

Sector 3 3080 to 4090

Sector 4 2950 to 3810

Sector MU 1 3690 to 4340

Sector MU 2 3040 to 4070

Yamuna Expwy 2810 to 3550



NOIDA-GREATER NOIDA

NOTEOld Noida: Sec-1 to 43, Sec-49 to 56, Sec-61, 62 and 67 New Developing Sectors: Sec-70 to 79 and Sec-111 to 122Noida Greater Noida Expressway: Sec-44 to 48, Sec-81 to 88, Sec-92 to 110 and Sec-124 to 168

NOIDA-GREATER NOIDA 36VOL4, ISSUE 4; JAN-MAR, FY 2014-15propindex.magicbricks.com



Abhay Khand 5160 to 6210

Ahinsa Khand 5250 to 6530

Ahinsa Khand 1 5740 to 6880

Ahinsa Khand 2 4910 to 5900

Anand Vihar 5230 to 6590

Bhopura 2860 to 3420

Crossings Republik 3450 to 4050

DLF Ankur Vihar 2600 to 3150

Dlf Dilshad Extension 3300 to 4110

Dundahera 3650 to 4140

Garhi 3190 to 3670

Govindpuram 2370 to 3120

Gyan Khand 4820 to 5300

Gyan Khand 1 4160 to 4960




Indirapuram 4700 to 5990

Indraprastha Yojna 3010 to 3190

Jaipuria Sunrise Plaza 4750 to 5650

Judges Enclave 4910 to 5890

Kala Patthar 5110 to 6290

Kaushambi 5320 to 6780

Lal Kuan 2140 to 2610

Loni 2600 to 3300

Mohan Nagar 4710 to 5600

Neeti Khand 1 4360 to 5390

Neeti Khand 2 4310 to 5150

Neeti khand 3 5380 to 6530

Niti Khand-Indirapuram 4540 to 5810

Nyay Khand 1 3990 to 4990

Pratap Vihar 3740 to 4790

Raj Nagar 3170 to 3670

Raj Nagar Extn 3030 to 3630

Rajendra Nagar 4460 to 6020

Rajendra Nagar Sector 2 3870 to 4490

Rampuri 5530 to 6830

Sahibabad 3970 to 5160

Shakti Khand 4300 to 5350

Shakti khand 1 4080 to 5160

Shakti Khand 2 3870 to 4770



Shalimar Garden 3350 to 4150

Shalimar Garden Extension 2 3790 to 4570

Shalimar Garden Extn 1 3640 to 4490

Shastri Nagar 2530 to 3080

Siddhartha Vihar 3220 to 3920

Surya Nagar 6680 to 8500

Turab Nagar 2900 to 3340

Vaibhav Khand 5390 to 6530

Vaishali Sector 1 4530 to 5570







Vasundhara Sector 1 3940 to 4930









Vasundhara Sector 2B 4450 to 5500

Vikram Enclave 3770 to 4180



GHAZIABAD

GHAZIABAD37VOL4, ISSUE 4; JAN-MAR, FY 2014-15 propindex.magicbricks.com

POLICY PERSPECTIVE38

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.


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.


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.


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!


GHAZIABAD


VOL4, ISSUE 4; JAN-MAR, FY 2014-15 propindex.magicbricks.com


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.


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.


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.


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.


KOLKATA




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.


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.


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.


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.


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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