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MONTHLY REALTY WATCHSOUTH INDIA - MAY 2016
Confidential for Private Circulation Only
Key Insights
Page 01
Residential launches in South India increased by 27% over March 2016
In Apr’16, launches in Chennai and Hyderabad witnessed a significant increase, together accounting for nearly 53% of the combined
launches of Bengaluru, Chennai and Hyderabad. While Bengaluru witnessed a decline of 5% in new launches over previous month
Hyderabad saw a year-on-year price appreciation of about five per cent, with more residential demand coming for projects in proximity
to the major IT hubs
News & Deals:Mahaveer group has raised Rs.120 Crore from Xander Finance in a structured debt transaction to refinance a loan from PNB Housing
Finance and to complete a 122-acre plotted development in South Bengaluru
Google has signed an agreement with Bagmane World Technology Centre in Bengaluru to take about 1 lac sq.ft. of office space on
lease
BBMP (Bruhat Bengaluru Mahanagara Palike) capped the property tax increase at 20% for residential properties and 25% for
non-residential properties in Bangalore. The hike in property tax has been partially rolled back as it touched 40% for residential
buildings and 50% for commercial properties in few cases
Andhra Pradesh government has decided to allow maximum 12 floors (G+11) in the residential zone, however for high rise buildings the
developer must have a minimum of 1 acre in his possession
MONTHLY REALTY WATCH MAY 2016 - SOUTH
Page 02
South India : Key new launches Apr’16
MONTHLY REALTY WATCH MAY 2016 - SOUTH
Project Name Developer Micro Market Type Launch Units Quoted Price(Rs./sq.ft.)
Champions Square Bren Sarjapur Road Post Railway Crossing Apartment 401 4,290
Orchid Whitefield Goyal and Co Hariyana Group
Whitefield Hope Farm Junction Apartment 283 4,290
Iris Mitta Group Hosur Villa 270 3,632
Vida Expat Anekal City Apartment 200 2,400
Buena Vista Brigade Budigere Cross Apartment 176 4,040
Sai Prithvi Elite Keystone Properties Kengeri Apartment 148 2,550
Ocimum Sanctum Phase - 1 Honeybee Projects Baliganapalli Villa 126 4,000
Spark Nest DS Max Jakkur Apartment 104 3,000
Trellis Appaswamy Real Estates Vadapalani Apartment 384 9,900
Royale Radiance Realty Poonamallee Apartment 247 3,700
Sammrudhi Nagar Muktha Housing Thirumazhisai Apartment 104 2,850
Lemongraz Ramky Wavoo Ambattur Apartment 88 3,899
Srinithi Jansen Infrastructure Padur Villa 68 4,500
Ushera Call Express Construction Sholinganallur Apartment 64 11,750
Residency Kalpataru Sanath Nagar Apartment 572 4,176
Magnus Salarpuria Toli Chowki Apartment 508 5,000
Bengaluru
Chennai
Hyderabad
Page 03
Price TrendsKey Localities in Bengaluru
8%
1%
5%
5%
10%
3%
7%
*BS
P (R
s./s
q.ft
.)
% Change(Y-O-Y)
Apr'15 Jul'15 Oct'15 Jan'16 Apr'16
Hebbal
Whitefield Hope Farm Junction Bannerghatta Electronics City
Yeshwantpur Sarjapur Road Till Wipro Hennur
9,000
8,000
7,000
6,000
5,000
4,000
3,000
MONTHLY REALTY WATCH MAY 2016 - SOUTH
.
Page 04
.
Price TrendsKey Localities in Chennai
2%
-3%
1%
8%
2%
-5%
% ChangeY-o-Y
7,500
6,500
5,500
4,500
3,500
2,500
*BS
P (R
s./s
q.ft
.)
Alandur
Tambaram Poonamallee Oragadam
Pallavaram Sholinganallur
MONTHLY REALTY WATCH MAY 2016 - SOUTH
Apr’15 Jul’15 Oct’15 Jan’16 Apr’16
.
Page 05
.
Price TrendsKey Localities in Hyderabad
Banjara Hills
Gachibowli Manikonda Nizampet
Begumpet Boiguda Hitech City
% ChangeY-o-Y
9,500
8,500
7,500
6,500
5,500
4,500
3,500
2,500
Apr’15 Jul’15 Oct’15 Jan’16 Apr’16
*BS
P (R
s./s
q.ft
.)
5%
5%
8%
5%
2%
7%
8%
MONTHLY REALTY WATCH MAY 2016 - SOUTH
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