hyderabad adds zing to the opening edition of propindex volume...

Hyderabad adds zing to the opening edition of Propindex Volume III

Telangana may be debated in political and social circles and opinions may bedivided over whether it was a politically correct move. But Hyderabad’sproperty market has clearly shown that these issues need not determine thecourse of the city’s business or property markets. A whopping 11 per cent riseas compared to the national average of 2 per cent. The Price Monitor’s 10 percent rise shows the city’s growth has been across the board and fairly even.

Hyderabad was no aberration. At a time of rising inflation, slowing economyand a country headed towards general elections, the country’s real estatemarkets have shown that residential markets are dictated by soundfundamentals and realistic price. Chennai’s growth was on the back of apotisive business environment and steadily increasing stock along growthcorridors. Bangalore’s falling index value was largely because of thecorrection in values in the North zone which has pushed the city index up inan earlier quarter. Delayed infrastructure projects also got a clear thumbsdown from consumers. Positive growth stories from Ahmedabad is mirroredin its rising index values.

Does this indicate that the Indian property buyer has matured? Trends showthat with the exit of the investor and speculator, end users are driving trendsbased on sound economic growth and structured planned infrastructure.India may well be moving towards a planned growth story, at least in theproperty markets with values as the monitor of city governance.

City zones have a distinct role to play. So also do transport links. As theadvance of the metro as well as flyovers and expressways expose the lesserknown areas to access and therefore structured development, developers aremoving in with projects that attract all ends of the spectrum.

This is the 9th issue of PropIndex and 9 straight quarters of reporting marketperformance has led to Magicbricks.com building a large repository ofdata/values about property markets across cities. It shows that demandremains robust across the spectrum. The requirement at the base of thepyramid remains strong and select cities have seen the private sector cateringto these. But surprisingly for a weak economic scenario, the demand at the topof the pyramid showed robust growth in demand, fuelled by end users. High-end consumers have seen this as an opportunity to upgrade lifestyle and seekbetter, newer units with amenities to match their growing expectations. Butthe winners have been those who have managed to strike a balance betweenprice, amenities and luxury. So go ahead and invest intelligently and let ourvalues be your guide

FOREWORD

Sudhir PaiBusiness Head, [email protected]

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

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

MagicBricks.com has over 500,000 active propertiesposted by more than1,50,000 active users in 300cities and 10,000 localities.Our users include owners,agents and developers.

MethodologyApartment values arebased on listings onMagicBricks.com. Theseinclude multistoreyapartments and singleunits on plotteddevelopments, referred toas builder floors onMagicBricks.com.

The Index is structured in

such a way that individualproperties are aggregatedinto their respective citiesand then to the NationalIndex. Weightages forPropIndex are based on thesupply of propertieswithin the locality/city.Based on this structure,PropIndex gives a realisticpicture of trends inprice/supply acrossdifferent property marketsin each city. We have useddifferent weightages forListed Price Monitor/RentMonitor. Therefore, read asa whole, PropIndex alongwith tables provided forListed Price Monitor, RentMonitor, Yield Monitor andCapital Values, gives anexcellent perspective ofthe property marketperformance in thequarter.

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

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

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

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

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

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

METHODOLOGY

There is a wealth of information within these pages. For better readability, we have presented some data as tablesand others as graphs. Between them, you will find how property markets have performed in the Apr-Jun 2013quarter from different perspectives – from that of capital appreciation, from a rental/yield realisationperspective and from a supply standpoint. Also in Demand Analysis section, understand 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/ drops. 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/drops. However, in a few selected 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 Jan-Mar, 2013 and Apr-Jun, 2013 quarters.

7. Realty News – Property market performance is also dependent on drivers outside the purview of buyingand selling. There are broadly four key drivers that determine the prospects of real estate – infrastructuresuch as water and power, transport links creating new growth corridors, policy such as rental laws, propertytax, etc and return on investment. PropIndex also focuses on news bytes that impact future prospects of realestate in the city.

GLOSSARY & DEFINITIONS

APR-JUN 2013

The National Property Index is aweighted average of supply andvalues across 11 cities in India. Inthe latest quarter (Apr-Jun 2013)the NPI witnessed a rise of 2 percent. Of the 11 cities in theapartment index, 9 have seen arise while the others registered asmall drop in the city indexvalues. Hyderabad was the biggestgainer with a whopping 11 percent rise. It was followed byChennai with 8 per cent rise,Ahmedabad and Gurgaon with 4 per cent each, Noida andGhaziabad with 3 per cent andPune and Mumbai with 2 and 1 per cent respectively. Bangaloreand Delhi registered a drop of 6 and 3 per cent respectively whilethe city index in Kolkataremained unchanged.

Historic NPI trend PropIndex has been tracking theNPI for the last nine quarters.Clearly, in spite of all theeconomic upheavals and

inconsistencies across industriesincluding real estate, the NPI hasnot dropped at any point in thelast three years. In fact, the NPIhas actually risen by 2-6 per centin each quarter since Jan-Mar2011, recording a rise of 34 points.This indicates that either demandin the market has remainedupbeat over these years or thestock in the market has remainedstrong or both. This is alsoindicative of the fact that realestate in India is always activeirrespective of the prevailingeconomic situations in thecountry. The category and value ofthe actively traded property keepsshifting according to consumersentiments.

At the national level, buyerinterest for properties pricedbetween Rs 30-50 lakh remainedrobust at 25 per cent. Bangaloreand Pune were the majorcontributors recording more than35 per cent of the total demand inthis segment across cities. Thisfact was reinforced by the hugedemand for 2BHK units across all

cities tracked. Nine out of the 11 cities witnessed maximumdemand for 2BHK units.

Read what experts predict aboutthe city’s prospects in the nextquarter. Brokers have a ear to theground. They give views on citymarkets.

n Mumbai, Gurgaon andBangalore account for45 per cent demand for3BHK units.

n Property worth betweenRs 30-50 lakhwitnessed maximumdemand q-o-q with 25 per cent.

n Buyers look for politicaland economic certainty,adopt wait and watchapproach.

IN THIS REPORT:

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

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

Gurgaon...................................10

Noida & Ghaziabad................... 16

Mumbai....................................24

Pune........................................30

Ahmedabad..............................36

Kolkata...........,........................ 40

Chennai....................................46

Hyderabad................................52

Bangalore.................................58

Annexures.................................65

NATIONAL PROPERTY INDEX (NPI)

VOL 3, ISSUE 1; APR-JUN, FY 2013-14

APR-JUN 2013

propindex.magicbricks.com

2VOL3, ISSUE 1; APR-JUN, FY 2013-14propindex.magicbricks.com

NATIONAL PROPERTY INDEX

l The Rs 30-50 lakh budget rangecontinued to be the mostpreferred category with 25 percent buyer demand. Bangaloreand Pune were the majorcontributors.

l Demand for premium housingpriced above Rs 1 crore saw adrop of 5 per cent in buyerdemand during the Apr-Mar2013 quarter.

l 2BHK apartments remained themost supplied configuration insix out of 11 cities.

l A rise in the city index in 9 outof 11 cities during the quarter,indicated an upbeat propertymarket across cities.

The Ahmedabad City Indexregistered a 4 per cent growth inthe Apr-Jun 2013 quarter over theprevious quarter. The city isenjoying considerable attentionfrom the services sector and anumber of IT/ITeS, banking,finance and insurance companiesare establishing their offices here.The growth in the service sectoris further complemented byindustrial development.

Bangalore recorded a significantdrop of 6 per cent in the city indexduring the Apr-Jun 2013 quarter.

North Bangalore reported aplateauing-off of the market withsales not increasing as expected.Developers attribute this to thedelayed infrastructuredevelopment projects. This mighthave had a negative impact on thecity index. Further, more than 55per cent of the localities trackedacross the city, recorded a drop inaverage capital values, which alsopushed the index down. Over-supply in some locations toonegatively impacted the index.

Chennai posted an 8 per cent risein the City Index. The Listed PriceMonitor also moved up by 5 percent. This may be attributed to theincreasing supply in almost 90 percent of the localities tracked.Further, nearly 70 per cent of thelocalities recorded a rise inaverage capital values during theApr-Jun 2013 quarter. This againhad a positive impact on the cityindex as well as the price monitor.

The Delhi City Index dropped by 3 per cent during the Apr-Jun 2013quarter. The Listed Price Monitorrecorded no change. Drop insupply of housing units, both newas well as resale properties,combined with stable averagecapital values in impacterlocalities such as Dwarka, GreaterKailash II and VasundharaEnclave pushed down the price

monitor. Rise in average values in24 per cent of the localities keptthe price monitor unchangedduring the Apr-Jun 2013 quarter.

The Ghaziabad Index rose by 3 per cent during the Apr-Jun 2013quarter. However, the pricemonitor recorded a dip of 2 percent in the same period. Increasein average capital values,particularly in localities such asBhopura and Raj NagarExtension, coupled with enhancedsupply in almost 53 per cent of thelocalities resulted in the cityindex moving up. On the otherhand, falling capital values insome of the most active locationssuch as Indirapuram and Vaishaliled to a dip in the price monitor.

The Gurgaon City Indexwitnessed an increase of 4 per

Locality RankQ1 Q4

Mumbai 1 1

Bangalore 2 2

Pune 3 3

New Delhi 4 4

Hyderabad 5 5

Kolkata 6 8

Chennai 7 6

Gurgaon 8 7

Noida 9 9

Ghaziabad 10 10

Preferred Localities - Sale

Note: Q1 Apr-Jun 2013, Q4 Jan-Mar 2013

Preferred Localities - Rent

Locality RankQ1 Q4

Mumbai 1 1

Bangalore 2 2

Pune 3 3

New Delhi 4 4

Chennai 5 5

Hyderabad 6 7

Gurgaon 7 6

Kolkata 8 8

Noida 9 9

Ahmedabad 10 10Note: Q1 Apr-Jun 2013, Q4 Jan-Mar 2013

3VOL3, ISSUE 1; APR-JUN, FY 2013-14 propindex.magicbricks.com

cent in the Apr-Jun 2013 quarter.The Listed Price Monitor alsorecorded an increase, reflectingan improved market. This wasprimarily due to increasing buyerinterest mainly from the MNCsand other offices located in thecity. An upward trend was notedin the supply as well as in theaverage listed price for more than70 per cent of the localitiestracked. This is the prime reasonfor the increased city index andthe price monitor.

After recording a 3 per cent dropin the City Index in Jan-Mar 2013,Hyderabad’s residential markethas picked up pace in the Apr-Jun2013 quarter and has gone up by 11 per cent. The Listed PriceMonitor also went up by 10 percent in the same period, clearlyindicating a healthy rise in capitalvalues across various localities.Industry experts believe that a lotof improvement in the otherwisestable market has happened due tohigh activity in the IT/ITeSindustry. This has boded well forthe real estate market as demandfor housing has received animpetus.

The Kolkata City Index did notwitness any rise during the Apr-Jun 2013 quarter. However, theListed Price Monitor rose by 3 percent. While the increasing capitalvalues in more than 60 per cent ofthe localities accounted for thepositive price monitor, a drop in

capital values of actively listedlocalities such as EM Bypass andBehala restricted the upwardmovement of the city index. Thismay be attributed to the launch ofnew projects at comparativelylower rates and a situation ofover-supply in these locations.

The City Index for Noidaregistered an increase of 3 percent in Apr-Jun 2013. IT/ITeS andother industries have led to hugeemployment generation in Noidawhich augurs well for housing.Increase in availability of units innew developing sectors coupledwith small rise in average capitalvalues across the city kept the cityindex and price monitor up.

The Pune City Index rose by 2 percent during the Apr-Jun 2013quarter on the back ofconsistently rising average capitalvalues across the city. Further, anincrease in supply also led to thepositive movement of the pricemonitor and the city index.Capital values in the city rose by1-8 per cent across differentlocalities.

The Mumbai City Index rose by 1 per cent during the Apr-Jun 2013quarter while the price monitorrose by 5 per cent. Increasedsupply in the market coupled witha rise in the average listed pricespushed up the city index and theprice monitor. Several localitiesposted higher capital values.

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 Preference

30%

25%

20%

15%

10%

5%

0%

16% 15%

25%

14%12% 11%

7%

TOP Y IELD 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

Bangalore, Electronic City 5.40%

Kolkata, EM Bypass 5.03%

Hyderabad, Kondapur 4.24%

Ahmedabad, Vejalpur 3.72%

Mumbai, Parel 3.52%

Noida, Sector-92 3.44%

Ghaziabad, Indirapuram 3.09%

Pune, Viman Nagar 3.06%

Gurgaon, MG Road 2.66%

Chennai, Anna Nagar 2.63%

Delhi, Vasundhara Enclave 2.33%

CAPITAL GAINS

The table given below indicatesmaximum increase in capital values ineach city.

Locality % Change

Noida, Sector-150 15.23%

Hyderabad, Gachibowli 14.50%

Bangalore, Koramangala 9.79%

Chennai, Saligramam 9.73%

Ghaziabad, Govindpuram 8.85%

Kolkata, Jodhpur Park 8.47%

Pune, Bavdhan 8.41%

Mumbai, Colaba 8.05%

Ahmedabad, Gurukul 6.51%

Gurgaon, Sector-86 5.63%

Delhi, Malviya Nagar 3.70%

NOIDA-GHAZIABAD 16VOL3, ISSUE 1; APR-JUN, FY 2013-14propindex.magicbricks.com

NOIDA INDEX

The Noida City Index rose by 3 per cent during the Apr-Jun 2013quarter. Since the Index hadregistered an increase of 5 per cent during the Jan-Mar 2013quarter, it has witnessed anincrease of more than 8 per centin the first half of the currentyear.

Thus, the City Index continued tooutperform the NPI which rose by2 per cent in the Apr-Jun 2013quarter and 3 per cent in the Jan-Mar 2013 quarter.

While none of the sectors,monitored under the Index,registered a double-digit increasein capital values during the Apr-Jun 2013 quarter, sectors suchas 75, 100, 120 and 128 pushed thegrowth in the Listed PriceMonitor, which registered anincrease of 3 per cent during thisperiod.

The MagicBricks.com yield meterregistered returns in the range of1.94 to 3.44 per cent in the Apr-Jun2013 quarter against the range of2.14 to 2.99 per cent recordedduring the Jan-Mar 2013 quarter.Sector 92 posted the highest yieldat 3.44 per cent, followed by sector62, which registered an increase of2.89 per cent in rental returnsduring the Apr-Jun 2013 quarter.

GHAZIABAD INDEX

Keeping pace with the Noida CityIndex, the Ghaziabad City Indexrose by 3 per cent in the Apr-Jun

2013 quarter. The Listed PriceMonitor, on the other hand,dropped by 2 per cent. Localitiessuch as Indirapuram and Vaishalisaw a significant dip in capitalvalues during the quarter whilethe other major localities such asKaushambi and CrossingsRepublik registered growth.

At the same time, rental values inCrossings Republik andKaushambi recorded a double-digit growth during the Apr-Jun2013 quarter. The yield meterranged between 2.24-3.09 per centin this period. Of the monitoredareas in Ghaziabad, Indirapuramposted the highest yield at 3.09 percent, followed by Vaishali andKaushambi at 3.07 per cent and2.97 per cent, respectively.

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

PROPINDEX - NOIDA-GHAZIABAD QUICKSTATS - Noida

n Yield Meter: Yield ranges between1.94% and 3.44%

n Capital Values rose in 84% localities

n Rental Values rose in 40% localities

n City Index rose from 167 to 173

n Price Monitor rose from 150 to 154

NOIDA-GHAZIABAD17VOL3, ISSUE 1; APR-JUN, FY 2013-14 propindex.magicbricks.com

LISTED PRICE MONITOR - NOIDA

At 7 per cent, Sector 128registered the highest growth incapital values in Noida, duringthe Apr-Jun 2013 quarter. Thesector had registered an increaseof 2 per cent in the precedingquarter ie Jan-Mar 2013.

Thus, in the past six months,Sector 128 has managed growth ofalmost 10 per cent. Similarly, withrespect to the increase in capitalvalues in Sector 129, the arearegistered 10 per cent growth- 5 per cent in the Jan-Mar 2013quarter and 4 per cent in the Apr-Jun 2013 quarter.

Sector 134 emerged as the biggestgainer, in terms of growth in thefirst half of the current year.Although during the Apr-Jun 2013

quarter, the sector managed anincrease of 4 per cent, it hadclocked a staggering 8 per centgrowth in the Jan-Mar 2013quarter. Thus, from January toJune 2013, capital values in thesector rose by more than 12 per cent.

On the other hand, Sector 75,which posted the second highestgrowth at 6 per cent during theApr-Jun 2013 quarter had suffereda drop of about 4 per cent in theJan-Mar 2013 quarter.

Capital values, which rose by amoderate 1 per cent in sector 110,during the Jan-Mar 2013 quarterpicked up pace and clocked agrowth of 4 per cent in the Apr-Jun 2013 quarter.

As per industry experts, propertyprices in Noida are stillcompetitive compared toGurgaon. The city is on aconsistent path of infrastructuredevelopment and this is affectingthe property prices in a positivemanner.

“In Noida, you can expect a decentresidential property in the rangeof Rs 5,000 and 7,500 per sq ft. Thismay not be possible in Gurgaon,”says Sanjay Sharma, a real estatebroker.

LISTED PRICE MONITOR -GHAZIABAD

Bhopura and Raj Nagar Extensionled the pack with respect to thechange in capital values in thepast six months. During the Apr-Jun 2013 quarter, Bhopurawitnessed a 3 per cent change inthe capital values, however, thearea posted 9 per cent growth inthe preceding quarter, and thusregistered an increase of morethan 12 per cent in the first half ofthe current year.

Similarly, Raj Nagar Extension,which registered 4 per centgrowth during the previousquarter, managed more than 10per cent growth in the past twoquarters, with 6 per cent increasein the Jan-Mar 2013 quarter.

“Noida and Ghaziabadproperty markets offergood quality residential,retail and office propertiesat affordable rates.Properties in these twomarkets are no less thanthose in Gurgaon in termsof amenities andconnectivity, but arepriced lower”

Pradeep JainChairmanParsvanth Group

Locality RankQ1 Q4

Sector-50 1 1

Sector-137 2 2

Sector-78 3 3

Sector-100 4 4

Sector-76 5 7

Sector-62 6 6

Sector-74 7 8

Sector-61 8 5

Sector-77 9 -

Sector-120 10 -




Locality RankQ1 Q4

Sector-62 1 1

Sector-50 2 3

Sector-82 3 2

Sector-61 4 4

Sector-93 5 5

Sector-37 6 6

Sector-19 7 8

Sector-44 8 7

Sector-15 9 -

Sector-52 10 -Note: Q1 Apr-Jun 2013, Q4 Jan-Mar 2013

“Over the last 3-4 years,Noida has grown by 75 to90 per cent, in specificareas. Localities such asGreater Noida West andYamuna Expresswaywould fetch you moreROI because of betterconnectivity, proximity tokey areas and lowinvestment cost. ”

Suneet Pratap SinghBusiness PartnerFinlace Consulting


A significant drop of 12 per centwas observed in the capital valuesin Indirapuram. The area hasbeen touted as one of the mostprominent areas, in terms of realestate growth and developmentnoticed in the past few quarters.The area also enjoys connectivitythrough the Metro Rail.

According to Abhimanyu Singh, abroker operating in the area,“Indirapuram has attracted greatattention from developers,investors and end-users alike dueto several reasons. Connectivityand affordability are undoubtedlyamong the major reasons. Butthere are chances of correction as

the property prices have beengrowing for the past severalmonths and many properties areover priced.”

Meanwhile, capital values atVasundhara remained stable inthe Apr-Jun 2013 quarter. Asimilar outlook was observed forproperties at Kaushambi whichregistered a change of 0.46 percent in this period.

Crossings Republik registered agrowth of almost 3 per cent in theApr-Jun 2013 quarter, clocking anincrease of more than 8 per centin the first two quarters of thecurrent year.

RENT MONITOR - NOIDA While rental values remainedlargely stable in most of theresidential areas such as Sectors29, 52 and 92 during the previousquarter, Sector 21 registered anincrease of 10 per cent.

“Some pockets within the areaadded some good properties

“Noida enjoys seamlessconnectivity with Delhiand other parts of theNCR. It offers affordablehousing within a self-sustaining city. The rapiddevelopment of physicaland social infrastructurewill have a compoundingeffect on its growth.”

Aman AgarwalDirectorKV Developers

Locality Average Rental Average Capital Gross

Value (Rs/sqft/mth) Value (Rs/sqft) Yield

Indirapuram 12.50 4,850.00 3.09%

Vaishali 13.00 5,075.00 3.07%

Vasundhara 10.00 4,975.00 2.41%

Crossings Republik 6.50 3,475.00 2.24%

Kaushambi 13.50 5,450.00 2.97%

Sector-44 20.50 12,650.00 1.94%

Sector-50 18.00 8,075.00 2.67%

Sector-82 12.00 6,025.00 2.39%

Sector-62 15.00 6,225.00 2.89%

Sector-92 22.50 7,850.00 3.44%

Y I E L D M E T E R NEW

RENT MONITOR Rent Price Percentage Change

QUICKSTATS - Ghaziabad

n Yield Meter: Yield ranges between2.24% and 3.09%

n Capital Values rose in 53% localities

n Rental Values rose in 50% localities

n City Index rose from 143 to 148

n Price Monitor dropped from 139 to 135


recently and this is why they areable to command superior rentalvalues,” said Mohd Afzal, a city-based realtor. Interestingly, thesector had not registered anygrowth during the Jan-Mar 2013quarter as well.

Meanwhile, Sectors 28 and 35,where the rental values werefound to be stable during the Jan-Mar 2013 quarter, managedgrowth of 7 and 6 per centrespectively, during the previousquarter.

Capital values at Sector 61registered an increase of 3 percent in this period. In the past six

months, capital values in the area have grown by more than 6 per cent. Sector 37, where rentalvalues rose by 3 per cent in theApr-Jun 2013 quarter, had suffereda drop of 3 per cent in thepreceding quarter.

Sector 34, however, managed aconsistent growth of 3 per cent inboth the quarters – thus clockinga growth of more than 6 per centin the first half of the currentyear.

RENT MONITOR - GHAZIABADIn sync with changes in thecapital values, rental values alsowitnessed noticeable trends inGhaziabad. With a staggering 18per cent increase in rental valuesduring the Apr-Jun 2013 quarter,Crossings Republik managed toovercome the negative values of 8 per cent registered in the Jan-Mar 2013 quarter.

Rental values in Vasundhara wereobserved to remain stable with nochange reported during the Apr-Jun 2013 quarter. Notably, thelocality had undergone acorrection of 9 per cent duringthe Jan-Mar 2013 quarter.

Indirapuram remained the mostpreferred locality in the city, interms of rental values. Itregistered a drop of almost 4 percent in the rental values, duringthe Apr-Jun 2013 quarter. An

increase of 4 per cent wasreported in the locality in the Jan-Mar 2013 quarter.

Looking for affordable property in Ghaziabad?Sky-rocketing property values in Delhi have led to a consumerperception of dearth in availability of homes in the affordablerange. However, Ghaziabad comes to the rescue for those lookingfor a property within Rs 20-50 lakh budget, with all modernfacilities. Developers in the area are offering residential spacewith all facilities and amenities. The options are endless. RajNagar Extension, growing adjacent to NH-58, Ghaziabad,currently has more than a dozen new residential projects where ahomebuyer can find property within Rs 40 lakh. As perMagicBricks.com research, Raj Nagar Extension contributes 55per cent to the total supply in Ghaziabad.

n The Times of India, Delhi/NCR

FAR increase proposed along Noida Metro routeIn view of the projected increase in population density along theMetro corridor planned between Noida and Greater Noida, theboards of the two authorities have jointly approved a proposal toincrease floor-area ratio (FAR) by 0.5 per cent on all plots locatedwithin 500 metres on either side of the proposed line. Proceedsfrom the sale of additional FAR would be used to strengthen thethe Metro system. With this, the authorities have got an easy wayto raise funds of Rs 5,000 crore for the 29 km long Metro linkproject. The Authority had earlier in 2001 mulled the idea of apublic-private partnership (PPP) for constructing the Metro line.

n The Times of India, Delhi/NCR

Noida and Ghaziabad came to the rescue for those for whom property in Delhi was beyond means. The cities have a numberof projects in within the Rs 30-50 lakh price range, with modern facilities. Townships, high-rises in gated communities,penthouses, theme projects, villas and plots - the NCR made sure that a property buyer has all the options.

To read full story and more news go to www.content.magicbricks.com


Locality RankQ1 Q4

Indirapuram 1 1

Vaishali 2 2

Crossings Republik 3 3

Vasundhara 4 4

Raj Nagar Extension 5 5

Kaushambi 6 6

Sahibabad 7 8

Shalimar Garden Extn-1 8 -

Govindpuram 9 7

Pratap Vihar 10 10Note: Q1 Apr-Jun 2013, Q4 Jan-Mar 2013

R E A L T Y N E W S

Locality RankQ1 Q4

Indirapuram 1 1

Vaishali 2 2

Crossings Republik 3 3

Raj Nagar Extension 4 5

Vasundhara 5 4

Kaushambi 6 6

Govindpuram 7 8

Shalimar Garden Extn-1 8 9

Pratap Vihar 9 7

Sahibabad 10 -



“Infrastructure andaffordable housingprojects worth about Rs 3,000 crore isunderway. The 21 km 6-lane NorthernPeripheral Corridor willbe complemented bythe 18-km elevated roadacross Indirapuram, UPGate and Vasundhara.”

Santosh Kumar YadavVice ChairmanGhaziabad Development Authority


Budget wise Analysis - DEMAND

120

100

80

60

40

20

0

Q4 (Jan-Mar 2013)

Q1 (Apr-Jun 2013)

Fig

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e(%

)

New Developing Sectors Noida-Greater Noida Expressway Old Noida

Rs <20 lakh Rs 20-40 lakh Rs 40-60 lakh Rs 60-100 lakh Rs 1 crore and above

Q4 Q1

3838

Q4 Q1 Q4 Q1

14

29

24

Budget wise Analysis - SUPPLY

120

100

80

60

40

20

0

Q4 (Jan-Mar 2013)

Q1 (Apr-Jun 2013)

Fig

ures

in p

erce

ntag

e(%

)


Q4 Q1

10

Q4 Q1 Q4 Q17575

19

25

6

21

30

18

12

35 39

9

25

35 35

13 11

43

9 8

47

36

36

17

44

31

11

33

31

35

31

9

15 16

1314 27

16

City Level Analysis

l Rs 60 lakh to Rs 1 crore budgetremained the most popular choicein Noida. Its demand went up by 1 per cent in Apr-Jun 2013 quarterover the previous quarter.

l Budget ranges of Rs 40-60 lakh andRs 1 crore and above receivedhealthy demand of 26 and 27 percent respectively. However, supplyof the latter topped the charts byrecording 35 per cent availability.

l Low budget ranges going up to Rs 40 lakh were the least demandedand least supplied in Noida.

Zone Level Analysis

l Demand for Rs 40-60 lakh and Rs 60 to Rs 1 crore properties wasrecorded to be the maximum in theNew Developing Sectors such as 74, 76, 119 and 120.

l Preference for the budget range ofRs 60 lakh to Rs 1 crore rose by 4 per cent in the New DevelopingSectors.

l Old Noida recorded a hike of 4 per cent in the preference forproperties valuing Rs 1 crore andabove, especially in sectors such 50, 52, 61 and 62.

l In line with demand, Rs 40-60 lakhand Rs 60 lakh to Rs 1 croreproperties were most supplied inthe New Developing Sectors.

l Supply of Rs 40-60 lakh propertiesdropped in the New DevelopingSectors and Noida-Greater NoidaExpressway by 5 and 3 per centrespectively.

l Noida-Greater Noida Expresswayrecorded a 2 per cent hike in thesupply of Rs 1 crore and aboveproperties, with supply levelremaining at 35 per cent.

l Rs 1 crore and above properties sawmaximum availability in OldNoida. The supply exceededdemand by 28 per cent.

50

40

30

20

10

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

above

2

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

2

12 10

27 26

34 35

25 27

(Jan-Mar 2013)

(Apr-Jun 2013)

Budget wise Analysis - City Level

DEMAND

50

40

30

20

10

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

above

4Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

5

108

22 20

30 3235 35

(Jan-Mar 2013)

(Apr-Jun 2013)

SUPPLY

DEMAND - S UPP LY ANALYS I S ( NO IDA )

Budget Wise Analysis

City Level graphs represent demand and supply in differentbudgets in the city in two quarters. Zonal Demand and Supplygraphs decode specific requirements, listings and changingavailability of these units across zones in each quarter.

Buyer demand analysis includes city and zone level analysis of three parameters - Budget, Configuration andProperty Types. Each of these have been analysed from the supply and demand perspective. These give insightinto a city’s real estate profile in the quarter.

6

Rs <20 lakh Rs 20-40 lakh Rs 40-60 lakh Rs 60-100 lakh Rs 1 crore and above


Property wise Analysis - City Level

100

80

60

40

20

0

84 84

5 510 10

1 1

(Jan-Mar 2013)

(Apr-Jun 2013)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Residential Residential Villaapartment house plot

DEMAND

100

80

60

40

20

0

8179

7 710 12

2 2

(Jan-Mar 2013)

(Apr-Jun 2013)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Residential Residential Villaapartment house plot

SUPPLY

Property wise Analysis - DEMAND

120

100

80

60

40

20

0

Q4 (Jan-Mar 2013)

Q1 (Apr-Jun 2013)

Fig

ures

in p

erce

ntag

e(%

)


Multistorey apartment Residential house Residential plot Villa

Q4 Q1 Q4 Q1 Q4 Q1

141591

6

92

6 11

85 84

12

74

10 9

75

Property wise Analysis - SUPPLY

120

100

80

60

40

20

0

Q4 (Jan-Mar 2013)

Q1 (Apr-Jun 2013)

Fig

ures

in p

erce

ntag

e(%

)


Multistorey apartment Residential house Residential plot Villa

Q4 Q1 Q4 Q1 Q4 Q1

3630

92

6

91

6 11

85 83

14

47

15 12

45

8 7

City Level Analysis

l Demand for various property typesremained absolutely stable in thelast six months, while supplywitnessed a few fluctuations.

l Multi-storey apartments received84 per cent user demand. Its supplywas also the largest in the city;however, it dipped by 2 per cent inApr-Jun 2013 quarter.

l Supply of residential plotsincreased by 2 per cent andreached 12 per cent in theApr-Jun 2013 quarter.

Zone Level Analysis

l Multi-storey apartments were themost demanded property typeacross all zones in Noida. However,its preference was maximum in theNew Developing Sectors such as 74, 75, 76, 77, 78, 117, 119 and 120.

l Residential plots witnessedmaximum demand in Noida-Greater Noida Expresswayfollowed by Old Noida.

l As per demand, sufficient supplywas recorded for multi-storeyapartments in the New DevelopingSectors and the Noida-GreaterExpressway. However, Old Noidawitnessed a gap of 30 per centbetween the demand and supply of these units.

l Demand for independent houseswas largely concentrated in OldNoida areas. Demand for thesehouses dipped by almost 2 per centin the new developing sectors inthe Apr-Jun 2013 quarter.

l Supply of independent houses inOld Noida was more than in anyother zone. It went up by 6 per centin the Apr-Jun 2013 quarter.

l Supply of residential plotsincreased by 3 per cent along theNoida-Greater Expressway while it dropped by the same amount inOld Noida.

l While villas were the leastsupplied property type, theiravailability was maximum in Old Noida as compared to all theother zones in the city.

Property Wise Analysis

The first graph, Property-wise Analysis – City Level, depictshow demand and supply statistics for different property typeshave changed at the city level over a period of six months.

The Property wise graphs by Demand and Supply comparebuyer requirements and the existing listings for variousproperty types in different zones in the six-month period fromJanuary 2013 to June 2013.


BHK Configuration - City Level

50

40

30

20

10

0

6 5

46 4641 42

7 7

(Jan-Mar 2013)

(Apr-Jun 2013)

Fig

ures

in p

erce

ntag

e(%

)

1 BHK 2 BHK 3 BHK 4BHK &above

DEMAND SUPPLY

50

40

30

20

10

0

4 3

31 31

45 45

20 21

(Jan-Mar 2013)

(Apr-Jun 2013)

Fig

ures

in p

erce

ntag

e(%

)


BHK Configuration - DEMAND

120

100

80

60

40

20

0

Q4 (Jan-Mar 2013)

Q1 (Apr-Jun 2013)

Fig

ures

in p

erce

ntag

e(%

)


1 BHK 2 BHK 3 BHK 4 BHK & above

Q4 Q1 Q4 Q1 Q4 Q1

535044

4044 44

BHK Configuration - SUPPLY

120

100

80

60

40

20

0

Q4 (Jan-Mar 2013)

Q1 (Apr-Jun 2013)

Fig

ures

in p

erce

ntag

e(%

)


1 BHK 2 BHK 3 BHK 4 BHK & above

Q4 Q1 Q4 Q1 Q4 Q1

504847 48

33

50

30

48

7

39

6

388

42

6 7

40

9

40

8

47

40

8 9

38

18

32

18

31

16 17

10

City Level Analysis

l Similar to the Jan-Mar 2013quarter, 2BHK units recordedmaximum demand in Noida,closely followed by 3BHK units.While 2BHK units were preferredby 46 per cent, 42 per cent buyerssought 3BHK units.

l A similar trend was observed withrespect to the supply of 2BHK units which remained stable at 31 per cent in the past six months,from Jan 2013.

l Contrary to demand at 42 per cent,3BHK units recorded maximumsupply of 45 per cent during theApr-Jun 2013 quarter.

l At 21 per cent, supply of 4BHK andabove units surpassed the demandby 14 per cent.

Zone Level Analysis

l New developing sectors such as 74, 76, 77, 78 and 120 recorded morethan 50 per cent demand for 2BHK units.

l Old Noida saw the demand for2BHK units being converted intodemand for 3BHK units. While thepreference for 2BHK units in theApr-Jun 2013 quarter dropped by 4 per cent, that of 3BHK unitspicked up by 7 per cent.

l Demand for 4BHK and abovehomes dropped marginally in bothNoida-Greater Noida Expresswayand Old Noida.

l Unlike demand, almost 50 per centof the supply in the NewDeveloping Sectors consisted of3BHK units. Supply of 2BHK unitsfell short by 15 per cent.

l Similarly, 4BHK and above unitswitnessed 50 per cent of the totalsupply in Old Noida, creating ademand-supply gap of 42 per cent.

l Noida-Greater Noida Expresswayalso recorded a situation ofdemand-supply mismatch forhomes larger than 3BHK. Thesupply exceeded the demand by 17 per cent. Since this is an area ofpeak demand, developers haveopted for larger units.

6

BHK Configuration Analysis

The City BHK Configuration graphs represent demand andsupply of 1, 2, 3 and 4BHK apartments in the city in twoconsecutive quarters – Jan-Mar 2013 and Apr-Jun 2013.

The BHK Configuration graphs by Demand and Supplycompare buyer requirements and the existing listings forvarious configurations in different zones in the six-monthperiod from January 2013 to June 2013.


Budget-wise Analysis

l The budget category of Rs 40-70lakh recorded maximum consumerdemand during the Apr-Jun 2013quarter with demand inching upby 2 per cent from the Jan-Mar 2013quarter.

l Healthy demand and supply wasnoted for the Rs 20-40 lakh categoryeven though a marginal drop of 2-3 per cent in both demand andsupply was observed during theApr-Jun 2013 quarter.

l During the quarter, a significantrise of 8 per cent was registered inthe supply of properties worth Rs 40-70 lakh.

Property Type Analysis

l Preference for multi-storeyapartments continued to show anupward graph with more than 70 per cent buyers showing aninterest in the category during theApr-Jun 2013 quarter.

l Supply in the city, however, was notfound to be aligned with thedemand trends. Supply of multi-storey apartments fell short by 21 per cent.

l Single floor units were found to beeasily available in localities suchas Indirapuram and Vaishali.

BHK Configuration Analysis

l Approximately 75 per cent demandand supply of 2BHK units, themost-preferred unit size during theApr-Jun 2013 quarter, was limitedto localities such as Indirapuram,Vaishali and Crossings Republik.

l 3BHK units also remained popularamongst the buyers with 30 percent demand during the quarter.Supply was found to be 7 per centhigher than the existing demandeven though both demand andsupply remained almost stable.

50

40

30

20

10

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

above

9

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

8

33 3035 37

14 16

9 9

(Jan-Mar 2013)

(Apr-Jun 2013)

Budget wise Analysis - City Level

DEMAND

50

40

30

20

10

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

above

10

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

9

34 3228

36

19

14

9 9

(Jan-Mar 2013)

(Apr-Jun 2013)

SUPPLY

Property wise Analysis - City Level

80

60

40

20

0

69 71

16 15

5 4

10 10

(Jan-Mar 2013)

(Apr-Jun 2013)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residentialapartment floor house plot

DEMAND

80

60

40

20

0

48 5042 40

2 38 7

(Jan-Mar 2013)

(Apr-Jun 2013)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residentialapartment floor house plot

SUPPLY

BHK Configuration - City Level

60

40

20

0

13 12

52 54

30 30

5 4

(Jan-Mar 2013)

(Apr-Jun 2013)

Fig

ures

in p

erce

ntag

e(%

)


DEMAND SUPPLY

60

40

20

0

12 11

46 46

36 37

6 6

(Jan-Mar 2013)

(Apr-Jun 2013)

Fig

ures

in p

erce

ntag

e(%

)


DEMAND - S UPP LY ANALYS I S ( G ha z i a b a d )

City Level graphs represent demand and supply in differentbudgets in the city in two quarters. Zonal Demand andSupply graphs decode specific requirements, listings andavailability according to types of property and BHKconfiguration.

Buyer demand analysis includes city and zone level analysis of three parameters - Budget, Configuration andProperty Types. Each of these have been analysed from the supply and demand perspective. These give insightinto a city’s real estate profile in the quarter.

ANNExURES

NOIDADadri Road 2000 to 2350

Sector-1 3050 to 3500

Sector-16 3000 to 3300

Sector-21 5900 to 6650

Sector-25 6950 to 8000

Sector-28 8700 to 10750

Sector-29 7400 to 9650

Sector-32 7650 to 8550

Sector-34 6750 to 8100

Sector-37 6600 to 8050

Sector-44 11650 to 14450

Sector-45 5800 to 6400

Sector-46 4900 to 5300

Sector-49 3450 to 4150

Sector-50 7500 to 9100

Sector-51 7500 to 8850

Sector-52 7300 to 8850

Sector-53 4900 to 6400

Sector-61 6950 to 8250

Sector-62 5800 to 7000

Sector-70 5100 to 5650

Sector-72 2950 to 3350

Sector-73 3250 to 3650

Sector-74 4600 to 5150

Sector-75 4500 to 5000

Sector-76 4700 to 5200

Sector-77 4800 to 5350

Sector-78 4750 to 5400

Sector-79 4400 to 4950

Sector-82 5700 to 6600

Sector-86 3750 to 4000

Sector-92 7400 to 8700

Sector-93 6700 to 8300

Sector-94 10950 to 13450

Sector-96 7800 to 8400

Sector-99 4750 to 5900

Sector-100 5400 to 6350

Sector-104 7200 to 8500

Sector-105 5200 to 5850

Sector-107 5100 to 6200

Sector-110 5250 to 5750

Sector-113 4100 to 4750

Sector-117 4250 to 4850

Sector-119 4450 to 5250

Sector-120 4900 to 5650

Sector-121 4750 to 5250

Sector-128 6350 to 8350

Sector-129 4550 to 5050

Sector-131 4600 to 5600

Sector-133 4200 to 4700

Sector-134 4050 to 4500

Sector-135 4350 to 4800

Sector-137 4700 to 5200

Sector-143 4050 to 4750

Sector-150 3500 to 4100

Sector-151 3150 to 3500

Sector-168 4750 to 5150

GHAZIABADAbhay Khand 5500 to 6550

Ankur Vihar 2550 to 3200

Bhopura 2850 to 3450

Crossings Republik 3300 to 3800

Dundahera 2450 to 2800

Govindpuram 2850 to 3500

Gyan Khand 3750 to 4850

Indirapuram 4450 to 5550

Kaushambi 5000 to 6250

Lal Kuan 2250 to 3000

Niti Khand-Indirapuram 4200 to 5000

Pratap Vihar 3350 to 4100

Raj Nagar 2750 to 3750

Raj Nagar Extension 2600 to 3100

Rajendra Nagar 3600 to 4400

Rampuri 4700 to 5800

Sahibabad 3100 to 3850

Shakti Khand 4500 to 5300

Surya Nagar 5150 to 6400

Vaishali 4650 to 5800

Vasundhara 4650 to 5550


CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

NOIDA-GHAZIABAD

VOL3, ISSUE 1; APR-JUN, FY 2013-14propindex.magicbricks.com

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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