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FOREWORD

PropIndex is now in its 4th year and the current issue is the 14th edition of what has
been an excellent round of reporting on the real estate market in India. In this long
period of continuous reporting, we have gathered unmatched data, developed a very
robust micro-level understanding of localities and market forces affecting real estate
and brought valuable industry/expert advice to our users! PropIndex has gone from
strength to strength adding more analytics, insights and diverse views in every
edition. The current edition is no different this time, we have invited editors of
Times Property to share their views on respective cities. Also, weve expanded the
coverage of suburbs across most cities.
This issue of PropIndex reflects the reality of the countrys real estate market i.e. that
the industry and government need to work hard on tangible policies and processes to
woo the buyers back into residential real estate markets. While there was plenty of
demand, it was concentrated in properties in the affordable range as classified by the
Union Budget 2014 (upto Rs 50 lakh) which recorded maximum demand at 37 per cent.
This shows that end users are buying today and spending on current needs without
straining their wallets.
City indices remained fairly stable. The only aberrations were the Delhi City Index
which recorded drop in values in the last two quarters, indicating slow uptake in the
market. The Mumbai Index stabilised and rose 4 per cent in the quarter. Hyderabad
dropped 2 per cent. All others recorded negligible variation. As expected, supply went
up across the cities vis--vis the previous quarter. Clearly, developers are working on
completing projects and winning the confidence of customers.
A growing trend has been the rising demand for housing units priced at Rs 5 crore and
above across Indian cities. In cities such as Mumbai, Delhi and Gurgaon, Rs 1-2 crore
would classify as the mid-segment because of steep rise in property prices. Chennai
entered the premium luxury market with a maximum demand for properties worth
Rs 5-10 crore at 11 per cent. Bangalore and Hyderabad posted 8 and 9 per cent demand.
With property markets fairly stagnant, premium buyers have obviously decided to
take the plunge. Supply still exceeds demand but healthy growth in demand also
spells good news for the industry. A lot of this demand is fuelled by those end users
who wish to upgrade from luxury to premium luxury living, according to
Magicbricks surveys, also translating into the Housing Sentiment Index (HSI) evolved
in collaboration with IIM Bangalore.
Rental markets remained fairly stable over a six-month period. Over 50 per cent
localities recorded a rise in the average rental values, thus nullifying the drop in the
Apr-Jun 2014 quarter. As small investors head for stock markets, property markets
need to up the ante.
Were also delighted to share with you that Magicbricks has won several awards for
excellence in the last quarter we won the Best Property Portal award from
Naredco; the Most Admired Real Estate Website award from Lokmat; our Editor,
E Jayashree Kurup was also adjudged The Journalist of the Year by CIDC. All of
this provides encouragement for us to raise the bar even further. We continue to look
forward to your views and feedback on the current issue of PropIndex. Do write in!
Sudhir Pai
Business Head, Magicbricks.com

METHODOLOGY
Magicbricks PropIndex
Magicbricks PropIndex
is a tool which
empowers property
seekers and investors
with detailed
information on the
movement of residential
apartment prices and
supply of properties in
India. No credible
property index can be a
function of direct values
as the changes are
governed by multiple
factors.
Magicbricks PropIndex
has taken this reality
into account and
produced an index based
on listing of apartments
and their capital and
rental values on the
website.
Magicbricks has over
700,000 active properties
posted by more than
1,40,000 active users in
300 cities and 10,000
localities. Our users
include owners, agents
and developers.

Methodology
Apartment values are
based on listings on
Magicbricks. These
include multi-storey
apartments and single
units on plotted
developments, referred
to as builder floors on
Magicbricks.com.
The Index is structured
in such a way that
individual properties

are aggregated into their


respective cities and
then to the National
Index. Weightages for
PropIndex are based on
the supply of properties
within the locality/city.
Based on this structure,
PropIndex gives a
realistic picture of
trends in price/supply
across different property
markets in each city. We
have used different
weightages for Listed
Price Monitor/Rent
Monitor. Therefore, read
as a whole, PropIndex
along with tables
provided for Listed Price
Monitor, Rent Monitor,
Yield Monitor and
Capital Values, gives an
excellent perspective of
the property market
performance in the
quarter.
While listing and its
values/supply provide a
level of understanding
of the market, there are
meticulous data checks
to prevent aberrations
creeping in the Index.
These are based on
statistical calculations,
industry inputs and
logical interpretations.
The National Property
Index (NPI) is indicative
of the extent of activity
as well as price
movements across cities
and localities in the
major cities active on
Magicbricks.com. The
index includes the top
11 cities (these have

been chosen based on


their activity levels) and
has an individual city
report for each of these
cities. While the NPI and
its movements are of
interest to the expert
community of bankers,
builders and investors,
the PropIndex has also
taken care to explain the
nuances of index
movements at the
locality level that would
help the huge base of
Magicbricks.com
consumers.
Insights into consumer
demand have been
gathered through
analysis of search
information on the site.
This helps understand
the best localities by
demand, the type and
configuration of units as
well as the budget-wise
preferences.
The PropIndex is the
result of meticulous
research at the locality
level and through
detailed discussions
with experts at
Magicbricks.coms
offline and online
initiatives.
The Indian real estate
market is dynamic and
the PropIndex reflects
those changes. Since it is
derived from a dynamic
database, additions and
deletions of localities
happen as a function of
market dynamics.

GLOSSARY & DEFINITIONS


There is a wealth of information within these pages. For better readability, we have presented some data as tables
and others as graphs. Between them, you will find how property markets have performed in the Jul-Sep 2014
quarter from different perspectives from that of capital appreciation, from a rental/yield realisation
perspective 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 the
performance of the property market within each city. Here are the details of what you will find in each of the city
reports enclosed within:
1.

City Property Index This is a composite index which is a function of supply of properties as well as the
average capital appreciation/drop in various localities of the city in the quarter. The city index is the
weighted average of the average rate per square foot in that locality and the supply of properties from that
locality. Premium localities (with higher average rate per square foot) as well as localities with higher supply
of properties will have a bigger impact on the Index. For example, if the supply of properties from a
premium locality drops, that locality will end up having a lower weightage in the index which in turn will
push the Index downwards (and vice-versa). On the other hand, supply of properties remaining unchanged,
the Index 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 calculated
on the basis of movement in the average rate per square foot within that locality. By and large, the
movement in the average rate per square foot reflects capital appreciation/drop. However, in a few select
cases, we have observed that the average rate per square foot moves due to a change in the mix of apartments
within 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 this
input. 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 of
movement in the average rent per square foot within that locality. By and large, the movement in the
average rent per square foot reflects rental appreciation/drop. However, in a few select cases, we have
observed that the average rent per square foot moves due to a change in the mix of apartments within that
locality (e.g. if the ratio of premium apartments, which command a higher per square foot rent, changes over
the quarter). In these few circumstances, the Rent Monitor will, in turn, reflect this input. Such changes have
been explained in the text of the City Reports.

4.

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

5.

Capital Value Tables (given in Annexures) This shows the actual range of prices within which properties
were available in each locality in the quarter. Prices are shown in Rupees per square foot basis, these are the
prevailing rates for properties in each locality.

6.

Demand Analysis This analysis of consumer demand is based on searches and requirements that users
have performed on Magicbricks.com. The top localities by demand gives an insight into consumer
peferences. The demand data has been used to arrive at various aspects of consumer requirements including
Budget-wise analysis, Property type analysis and BHK configuration analysis. This section also provides a
comparison between demand and supply in the Apr-Jun 2014 and Jul-Sep 2014 quarters.

7.

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

N OTES

VOL 4, ISSUE 2; JUL-SEP, FY 2014-15

propindex.magicbricks.com

NATIONAL PROPERTY INDEX (NPI)

JUL-SEP 2014
n Availability of

properties on rent
registered a drop
across India except
in Ghaziabad
n Demand for

Source: Magicbricks.com

JUL-SEP 2014
In the Jul-Sep 2014 quarter, the
National Property Index recorded
no change, unlike the previous
quarter. This was reflected in the
respective City Indices, where
9 out of 12 cities witnessed minus
2 to plus 1 per cent change. In the
current quarter, supply has gone
up across cities and the average
capital values remained subdued,
indicating a slow real estate.
NPI is a weighted average of
supply and values across cities in
India. Mumbai City Index
recorded a maximum increase by
4 per cent followed by Chennai at
3 per cent. On the other hand,
Delhi City Index recorded
maximum drop of 3 per cent.
Ahmedabad, Coimbatore,
Ghaziabad, Noida and Pune noted
a small rise of 1 per cent and
Kolkata City Index remained
unchanged. On the other hand,
Bangalore and Gurgaon witnessed
a drop of 1 per cent each and
Hyderabad City Index recorded a
drop of 2 per cent.

The new government is expected


to undertake several reforms that
will affect the economy and real
estate market. The recently
cleared final guidelines for setting
up and regulating the Real Estate
Investment Trusts (REITs) and
Infrastructure Investment Trusts
(InvITs) are a step in this
direction. Opening up of the
Sovereign and Pension funds into
real estate are expected to provide
a new source of funding to the
cash-crunched and debt-laden
developers.
In addition to it increase in limit
of affordable housing loans to
individuals from upto Rs 25 lakh
to upto Rs 50 lakh in metros and
from upto Rs 15 lakh loans to upto
Rs 40 lakh in other centers
expected to boost affordable
housing and push sales
significantly in the long-term
In this edition of the PropIndex,
we have introduced Coimbatore as
an independent city.
Saravanampatti, Ganapathi,
Trichy Road and RS Puram

residential houses
witnessed a rise
across cities. On
the other hand,
demand for
apartments has
shown a small drop
n Bangalore, Pune

and Kolkata offer


the maximum
options in
properties worth
Rs 30-50 lakh
witnessed the maximum activity.
The average price change in the
city ranges between minus 8 per
cent to plus 6 per cent for sale. In
the rental market, the change in
the average values range between
minus 2 to plus 8 per cent.

IN THIS REPORT:
National Property Index...............1
Delhi.........................................4
Gurgaon...................................12
Noida & Ghaziabad................... 23
Annexures.................................33
Policy Perspective......................37

propindex.magicbricks.com

02

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

Source: Magicbricks.com

NATIONAL PROPERTY INDEX


l

Availability of a number of
units across the city has gone
up between 4-17 per cent.
Hyderabad and Bangalore in
south, Pune in west and Noida
and Gurgaon in north recorded
the maximum rise in stock
Properties worth Rs 30-50 lakh
recorded the maximum demand
at 28 per cent followed by
properties in the budget range
of Rs 50-70 lakh at 21 per cent
Delhi, Mumbai and Gurgaon
recorded almost 20 per cent
demand for properties worth
Rs 2 crore and above

The Ahmedabad City Index rose


by 1 per cent in the Jul-Sep 2014
quarter, unlike the Apr-Jun 2014
quarter. After a consistent drop in
the City Index value in the last
three quarters, the index recorded
a marginal rise of 1 per cent.
Increase in the average capital
values in a majority of localities
in the city helped the Listed Price
Monitor to record a rise of
2 per cent in the
Jul-Sep 2014 quarter.
The Bangalore City Index
continued to remain steady,
dropping by just 1 per cent during
the Jul-Sep 2014 quarter.
Bangalore city reported steady
growth with no dramatic change

in price or rental values. A clear


shift in buyer preference from
plots to apartments continued to
be witnessed in the quarter. While
apartments remained in oversupply for the second quarter in a
row, plots remained marginally
under-supplied.
Rise in over 60 per cent tracked
localities resulted in a rise in the
average capital values, pushing up
the Chennai City Index as well as
the Listed Price Monitor. Similar
trend was recorded in the rental
market with over 65 per cent
localities recording a rise of
1-10 per cent in the average rental
values in the city.
Coimbatore, one of the fast
developing cities, primarily due to
a burgeoning business class
retained a steady cautious growth
observed in most cities of the
South. The Coimbatore City Index
rose by 1 per cent, while the Listed
Price Monitor rose by 4 per cent.
Increase in the average capital
values and a small rise in supply
kept up the City Index value and
the Listed Price Monitor.
The Delhi City Index continued to
witness a negative trend with a
drop of 3 per cent, in line with the
Apr-Jun 2014 quarter. The Listed
Price Monitor remained
unchanged as compared to the
previous quarter, as capital values

continued to drop across


localities. Despite there being no
government in Delhi and slow real
estate activity, the city recorded
robust demand for properties
worth upto Rs 1 crore. Huge
supply deficit was recorded
quarter-over-quarter in this
segment, with supply 50 per cent
of demand.
In the last six months, Gurgaon
residential market witnessed
stable trends with no significant
change in supply and price.
Almost equal number of localities
recorded rise or drop in values.
This resulted in no change in the
Listed Price Monitor and a
nominal drop of 1 per cent in the
Gurgaon City Index.
Over 75 per cent of localities
recorded a rise in capital values.

Preferred Cities - Sale


Locality

Rank
Q2 Q1

Mumbai

Bangalore

Pune

New Delhi

Hyderabad

Kolkata

Chennai

Gurgaon

Ghaziabad

Noida

10

10

Note: Q2 Jul-Sep 2014, Q1 Apr-Jun 2014


Source: Magicbricks.com

Preferred Cities - Rent


Locality

Rank
Q2 Q1

Mumbai

Bangalore

Pune

New Delhi

Chennai

Hyderabad

Gurgaon

Kolkata

Ghaziabad

Noida

10

10

Note: Q2 Jul-Sep 2014, Q1 Apr-Jun 2014


Source: Magicbricks.com

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

03

propindex.magicbricks.com

National - Consumer Budget Preference


28%

30%
25%

21%

20%

16%

16%

15%

5%
0%

10%

7%

10%

2%
Upto Rs 20 Lakh

Rs 20-30 Lakh

Rs 30-50 Lakh

Rs 50-70 Lakh

Rs 70-100 Lakh

Rs 1-2 Crore

Rs 2 Crore & Above


Source: Magicbricks.com

A minimum rise of 1 per cent was


seen in localities having maximum
supply such as Indirapuram,
Vaishali, Vasundhara and
Raj Nagar Extension. This
arrested the growth of the
Ghaziabad City Index.
The Hyderabad City Index
remained steady in the
Jul-Sep 2014 quarter, with a drop of
2 per cent, as compared to the
1 per cent drop in the Apr-Jun 2014
quarter. The Listed Price Monitor
recorded no change. Unlike capital
values, rental values also showed a
positive trend. Over 60 per cent of
the tracked localities recorded a
rise between 0-10 per cent in the
average rental values.

Noida witnessed an increase in


the availability of properties for
sale by over 10 per cent in the last
three months. Except Sector 44, all

The Mumbai City Index rose by


4 per cent in the Jul-Sep 2014
quarter. This was in contrast to the
previous quarter where it
remained unchanged. The Listed
Price Monitor rose by 3 per cent
during the same period unlike the
previous quarter where it
remained unchanged. Of the total
localities in the city, 70 per cent
recorded a rise between
0-5 per cent in the average capital
values. This pushed up the Listed
Price Monitor and the City Index
value in this quarter.
Pune remained one of the most
consistent real estate markets in
the country. In the last six months,
the market remained stable with a
marginal increase of 1 per cent in
the Pune City Index value and
2 per cent in the Listed Price
Monitor. The city recorded over
10 per cent increase in the active
stock available for sale. A drop of
2-4 per cent was recorded in the
lease market. Supply trend showed
maximum number of properties
for sale within the average price of
Rs 5,000-7,000 per sq ft at
49 per cent.

T OP YI ELD GROS SERS


Gross yield is a ratio of average annual
rental value to the average capital value
of the property. Given below are the top
yield-grossing localities in each city.
Locality

Gross Yield

Bangalore, Marathahalli
Kolkata, Banshdroni
Hyderabad, Gachibowli
Ahmedabad, Prahlad Nagar Extn
Delhi, Uttam Nagar
Chennai, Padur
Ghaziabad, Shakti Khand 3
Noida, Sector-92
Pune, Chakan
Mumbai, Parel
Gurgaon, Sushant Lok

5.11%
4.71%
4.48%
4.29%
3.74%
3.70%
3.48%
3.43%
3.36%
3.34%
2.75%

CAPITAL GAINS
The table given below indicates maximum
increase in capital values in each city.
Locality

Source: Magicbricks.com

In the last six months, Kolkata


real estate market recorded almost
no change in the Listed Price
Monitor and the Kolkata City
Index value at 0 and 1 per cent,
respectively. Active supply in the
city went up by 7 per cent from the
previous quarter. Rajarhat
witnessed the maximum increase
in stock, followed by Garia. Almost
equal number of localities
recorded a rise or drop in the
average capital values, keeping the
Listed Price Monitor and the
City Index within a range of
0-1 per cent.

other sectors noted a rise or a drop


in the average capital values
between minus 4 to plus 4 per cent.
This arrested the Noida City Index
and kept the Listed Price Monitor
unchanged. Close to 60 per cent
localities recorded a change in the
average rental values, ranging
between minus 6 to plus 5 per cent.

% Change

Kolkata, Ballygunge Circular Area 10.25%


Bangalore, Bannerghatta Road

10.00%

Ahmedabad, Thaltej

9.29%

Ghaziabad, Dlf Dilshad Extn

9.23%

Chennai, Vadapalani

7.69%

Mumbai, Worli

6.99%

Pune, Bibwewadi

6.83%

Hyderabad, Hafeezpet

5.80%

Delhi, Rohini Sector-13

4.36%

Noida, Sector-70

3.83%

Gurgaon, South City II

3.53%

DELHI

propindex.magicbricks.com

04

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

PROPINDEX - DELHI

Editorial
Delhis pools land for
development
The reservation of development with
the Delhi Development Authority in the
1960s. coupled with the various
Master plans made private sector
construction almost impossible. Rising
residential demand has forced the
government to relook the development
plans to allow the private sector
participation in development.
Source: Magicbricks.com

The City Index continued to witness a negative trend with a


drop of 3 per cent, in line with the Apr-Jun 2014 quarter. The
Listed Price Monitor remained unchanged as compared to the
previous quarter, as capital values continued to drop across
localities. No change was recorded in the NPI.

Key Takeaways
l

Apartment values continued to


remain subdued in the qurter.
Majority of localities registered
a drop in values ranging
between 1-7 per cent. The South
Delhi residential market
recorded the maximum drop in
average capital values in the city
during the Jul-Sep 2014 quarter

West Uttam Nagar continued to


be the most preferred locality
and recorded the maximum
increase in supply, primarily for
builder floor units. However, no
significant change was recorded
in property values

Unlike the capital market, over


50 per cent of total localities in
the city registered a rise in the
average rental values. At least
33 per cent localities recorded a
drop in the rental values in the
current quarter

The rental returns in the city


varied between 1.36-3.74 per
cent. Premium areas of the city
offered lowest rental returns.
This is primarily on account of
high ticket price of property
versus average rental returns in
the market

Overall, the Delhi real estate


market offered low rental
returns on investment. However,
places such as Chattarpur,
Govindpuri, Uttam Nagar,
Laxmi Nagar and Pandav Nagar
offer over 3 per cent rental
returns owing to low price base
Despite there being no
government in Delhi and slow
real estate activity, the city
recorded robust demand for
properties worth upto Rs 1 crore.
Huge supply deficit was
recorded quarter-over-quarter in
this segment. Supply was just
50 per cent of demand in this
category. However, in the above
Rs 2 crore segment, maximum
gap of 24 per cent was recorded
in the demand and supply
Demand for 2BHK units
continued to outstrip supply,
while it was the reverse for
3BHK units, where supply led
demand by 10 per cent. Highest
variation was seen for larger
units of 4BHK and Above, where
supply exceeded demand by 18
per cent. Supply for smaller
units in the 1BHK category,
continued to lag demand

The DDA in a landmark move has


approved the policy based on pooling
of the agricultural land to meet the
increasing demand of urbanisation.
The revised policy notified on Sep 5,
2013, has been incorporated in the
Master Plan for Delhi (MPD-2021).
This is not only going to increase the
construction activities in Delhi, but will
also allow end users to buy relatively
affordable property in Delhi at more
rational prices.The underlying principle
is to allow greater private sector
participation in planning and
development.
The DDA vice chairman Balvinder
Kumar said that around 24,000
hectare of land is likely to be made
available of the development under the
scheme.Approximately 21,000
hectares of land will be available for
residential purposes and around 2,073
hectare for commercial activities in the
periphery of the existing city. According
to one estimate made by the DDA, for
every 1000 hectare of land pooled, the
gross residential distribution provides
around 50,000 dwelling units for
economic weaker section housing.
That means, a total of 12 lakh housing
units are likely to be developed for
economic weaker section.
Under the scheme, there will be two
categories of land pooling. Under
category I, total land area pooled
should be between 20 hectare and 60
hectare. Under this category, 60% of
the land pooled will be returned to the
developer and the remaining 40% will
be kept by the DDA as a cost and the
land required to develop external
infrastructure. Under category II, the
land pooled area should be more than
2 hectare and up to 20 hectare. In this
case, the developer entity will be
returned 48% of the land and the
remaining 52% will be retained by DDA
for infrastructure.
prabhakar.sinha@timesgroup.com
Editor Times Property Delhi NCR

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

LISTED PRICE MONITOR

DELHI

propindex.magicbricks.com

05

RENT MONITOR

0%
Source: Magicbricks.com

Source: Magicbricks.com
l

The lull in the Delhi real estate market continued


with the City Index dropping by 3 per cent in the
Jul-Sep 2014 quarter

Similar to the previous quarter, more than 55 per


cent of the localities tracked registered a drop in
capital values which arrested the growth of the
listed price monitor, which remained unchanged

The rental market remained fairly stable with


over 50 per cent localities tracked recording a rise in
rental values while over 30 per cent localities
registered a drop in the current quarter

As was seen in the previous quarter, sectors in


Dwarka continued to post a rise in rental values to
the tune of 2-6 per cent

Localities in South Delhi such as Hauz Khas, Saket,


GK-II, Kalkaji and Safdurjung Enclave recorded a
drop in values in the range of 1-7 per cent

Rental values in Malviya Nagar continued to drop in


the Jul-Sep 2014 quarter as well, recording a
significant fall of 11 per cent in the last six months

Rise in values between 1-4 per cent was limited to a


few locations such as Rohini Sector-13, Dwarka,
Vasant Kunj and Shivalik

Other localities that recorded a drop in rental values


in the current quarter included GK-II, Indraprastha
Extension and Dwarka Sector 23

Y I E L D

M E T E R
Locality

Source: Magicbricks.com
l

The Magicbricks yield meter clocked rental


returns in the range of 1.36-3.74 per cent in the
Jul-Sep 2014 quarter as compared to the 1.5-3.6
per cent range recorded in the previous quarter

Yield in Uttam Nagar grew marginally posting the


highest rental return of 3.74 per cent, a trend
noted in the previous quarter as well

Average Rental
Value (Rs/sqft/mth)

Average Capital
Value (Rs/sqft)

Gross
Yield

New Friends Colony

24.25

21,475

Malviya Nagar

22.50

11,700

1.36%
2.31%

Vasant Kunj

25.00

14,425

2.08%

Greater Kailash I

28.50

19,000

1.80%

Greater Kailash II

25.75

19,725

1.57%

Uttam Nagar

13.25

4,250

3.74%

Kalkaji

24.75

14,475

2.05%

East of Kailash

25.25

17,700

1.71%

Dwarka Sector-6

13.00

9,175

1.70%

Indraprastha Extn

19.00

11,675

1.95%

More than 2 per cent rental returns was recorded


in localities such as Malviya Nagar, Vasant Kunj
and Kalkaji in the current quarter

Both Malviya Nagar and Vasant Kunj recorded a


marginal drop in rental returns in the Jul-Sep 2014
quarter over the previous quarter

DELHI

propindex.magicbricks.com

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

06

PREFERRED LOCALITIES
RENT

SALE
Locality
Uttam nagar

Rank
Q2 Q1
1
1

Dwarka

Capital
Values
3850 to 4950

%age
change
1%

Rank
Q2 Q1
1
1

Locality
Mayur Vihar Ph-I

Rental
Values
19000 to 25000

%age
change
0%

7850 to 9900

2%

Saket

24000 to 31500

1%

Vasant Kunj

23000 to 28500

1%

Vasant Kunj

13100 to 16800

2%

Defence Colony

27000 to 35050

-3%

Dwarka

11000 to 14000

0%

Janakpuri

11550 to 14950

-1%

Malviya Nagar

20500 to 26500

-6%

Saket

16250 to 20750

-3%

Defence Colony

38000 to 51500

-2%

Mayur Vihar Ph-I

11700 to 15350

3%

Sarita Vihar

17000 to 21000

0%

Paschim Vihar

10

10100 to 12600

-2%

Kalkaji

22500 to 28500

4%

Greater Kailash I

17300 to 22100

0%

Janakpuri

10

14500 to 18500

-3%

Rohini

10

8250 to 10900

-1%

Green Park

10

24500 to 33000

0%

Note: Q2 Jul-Sep 2014, Q1 Apr-Jun 2014

Source: Magicbricks.com

Note: Q2 Jul-Sep 2014, Q1 Apr-Jun 2014

Source: Magicbricks.com

Uttam Nagar, Dwarka and Vasant Kunj continued to


be the top three preferred residential localities for
sale in Delhi

With stable rental values in the last three quarters,


Mayur Vihar Phase-I continued to be the top
preference for those looking for rented flats

With capital values in the range of Rs 3,850-4,950 per


sq ft, Uttam Nagar was the most affordable locality

Preference for localities in the east has grown


gradually. Apart from Uttam Nagar and Dwarka,
Janakpuri also formed a part of the top five
preferred localities, jumping three spots to settle at
number five

South Delhi localities such as Saket and Vasant Kunj


moved up a spot each to settle at number two and
three. Rental values remained almost stable in the
last three months

Malviya Nagar, which recorded one of the highest


drop in rental values in the last six months, retained
its spot on the list at number five

Defence Colony, which witnessed a drop of 3 per cent


in capital values, moved up three spots from the
previous quarter to settle at number four

Defence Colony, Sarita Vihar and Kalkaji also


retained their spots at sixth, seventh and eighth
positions respectively

Mayur Vihar Phase-I, which recorded a rise of


3 per cent, dropped to the seventh spot from the fifth
position it held in the previous quarter

Janakpuri, which witnessed a drop of 3 per cent in


rental values in the current quarter, moved up a spot
on the list to settle at number nine

Greater Kailash-I and Rohini were the two new


entrants this quarter in the list of preferred
localities for sale in Delhi

With rental values ranging from Rs 24,500-33,000


per month, Green Park was a new entrant in the list
of the preferred localities for rent at number ten

Home in your Budget


Upto Rs 20 Lakh

Aya Nagar, Chattarpur, Mehrauli, Badarpur, Ghitorni

Rs 20-40 Lakh

Uttam Nagar, Aya Nagar, Khanpur, Chattarpur

Rs 40-100 Lakh

Vikaspuri, Vasundhara Enclave, Mahavir Enclave-I

Rs 100-200 Lakh

Indraprastha Extn ,Sarita Vihar ,Dwarka Sector-6

Rs 2 Crore & Above

Defence Colony ,GK I ,GK II ,Safdarjung Enclave, Saket

Premium properties worth over


Rs 2 crore was concentrated in
South Delhi

Localities with high supply


included Defence Colony, GK-I
and II, Safdarjung Enclave and
Vasant Vihar

In contrast, localities towards


the south-west of the city such
as Aaya Nagar, Chattarpur and
Mehrauli, offered maximum
supply of affordable properties
priced below Rs 20 lakh
Source: Magicbricks.com

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

propindex.magicbricks.com

07

DELHI

D E M A N D - S U P P LY A N A LY S I S
Demand for apartments witnessed a drop across the city in the Jul-Sep 2014 quarter. A drop of
6-14 per cent was recorded in different zones during the quarter. Supply also dropped by various
margins across zones in the city. Buyer interest shifted towards residential houses. A rise of
8-12 per cent was noted in demand for these units across different zones. Limited demand and
supply was noted for plotted developments.
Maximum supply was registered for properties priced above Rs 1 crore with 67 per cent
availability. Demand remained low in the category at 37 per cent. Demand (61%) was concentrated
for properties within Rs 20-100 lakh. The 2BHK category remained the preferred configuration.
Budget wise Analysis

Budget wise Analysis - City Level


DEMAND

SUPPLY

(Apr-Jun 2014)
(Jul-Sep 2014)

60

Despite a 7 per cent drop at the city


level, supply was concentrated for
properties above Rs 1 crore, with
more than 65 per cent availability
in the current quarter

Demand at 37 per cent, in the high


end category (Above Rs 1 crore)
remained subdued when compared
to supply. Maximum demand was
noted for properties in the
Rs 40-100 lakh category with
34 per cent buyer interest, a rise of
9 per cent

(Apr-Jun 2014)
(Jul-Sep 2014)

60

32

34
27

25

21

20
0

21

19

18

1 2
<20

20-40

40-100

100-200

Figures in percentage(%)

40

42
Source: Magicbricks.com

Figures in percentage(%)

48

40
26 25

20
4 6

200 &
above

<20

13

12 14

20-40

40-100

10

Figures in Rs lakh

100-200

200 &
above

Figures in Rs lakh

Property wise Analysis

Property wise Analysis - City Level


DEMAND

80

(Apr-Jun 2014)
(Jul-Sep 2014)
75

60
40
20

15

10 10

100
Figures in percentage(%)

85

Apartment Residential House

91 88

80
60
40
20

6 8

Residential Plot

DEMAND

BHK wise Analysis - City Level


SUPPLY

41

11

14

60
Figures in percentage(%)

(Apr-Jun 2014)
(Jul-Sep 2014)
36

20

47 46

22

1BHK

2BHK

3BHK

4BHK &
above

26

24

23

20
5 7

1BHK

2BHK

3BHK

Demand for 2BHK units, the


preferred configuration, remained
unchanged in the last six months
at 45 per cent. However, supply in
the segment continued to lag
demand by more than 20 per cent

A drop of 5 per cent was noted in


demand for 3BHK units while
supply led demand by 10 per cent.
A significant over-supply of
18 per cent was also noted in the
4BHK and Above category in the
Jul-Sep 2014 quarter

(Apr-Jun 2014)
(Jul-Sep 2014)

40

4 5

Demand shifted towards


residential houses. The segment
witnessed a rise of 10 per cent in
buyer demand while supply inched
up by 2 per cent. Supply lagged
demand by 7 per cent

Residential Plot

4BHK &
above

Source: Magicbricks.com

Figures in percentage(%)

60

40

3 4

Apartment Residential House

BHK Configuration - City Level

44 45

At the city level, both demand and


supply dropped for apartments.
While demand witnessed a
10 per cent drop, supply fell by
3 per cent. However, the category
still remained the most preferred
with 75 per cent buyer interest

(Apr-Jun 2014)
(Jul-Sep 2014)
Source: Magicbricks.com

Figures in percentage(%)

100

SUPPLY

DELHI

propindex.magicbricks.com

08

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

DEMAND & SUPPLY - South Delhi


Demand for luxury properties priced above Rs 2 crore dropped significantly by 14 per cent
in the Jul-Sep 2014 quarter as compared to the previous quarter. It grew considerably by
11 per cent in the Rs 40-100 lakh range while supply lagged at 8 per cent.
With more than 40 per cent demand and supply, 3BHK units continued to be the preferred
configuration for South Delhi buyers. An over-supply of 28 per cent was noted for larger
housing units (4BHK and Above). On the other hand, 2BHK units were under-supplied by
25 per cent. Popularity of residential houses grew, recording a demand of 16 per cent.
Budget wise Analysis

Budget wise Analysis


Q1 Q2

Q1 Q2

44

77

30

72

Rs 20-40 lakh
31

Rs 40-100 lakh

20
11
23

22

10
7

DEMAND

8
6

Rs 1-2 crore
Rs 2 crore and above

Source: Magicbricks.com

12

Q1 Q2

Q1 Q2

13
94
6
81

7
89

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Apartment
Residential house
Residential plot

Q1 Q2

Q1 Q2

7
44

38

1 BHK
2 BHK

39

14

DEMAND

With more than 70 per cent demand, apartments remained the


preferred property type in South Delhi. However, a drop of
8 per cent was noted in the demand (81%) for the same while supply
fell by 3 per cent to settle at 86 per cent

Demand (17%) for residential houses witnessed a significant rise of


11 per cent in the Jul-Sep 2014 quarter. Supply in the category also
inched up by 3 per cent to settle at 10 per cent

A slight drop of 3 per cent was noted in the demand for plots while
supply stood stable at 4 per cent. Demand for plots settled at
10 per cent in the current quarter

BHK wise Analysis

12

14

SUPPLY

4 BHK & above

Source: Magicbricks.com

46

3 BHK

14

Over 80 per cent supply in South Delhi was for larger units (3BHK
and 4BHK and Above). While a supply of more than 45 per cent was
recorded for 3BHK units, 35 per cent availability was noted in the
4BHK and Above category

Significant over-supply of 28 per cent was recorded in the 4BHK and


Above category, a trend visible in the last quarter as well. Smaller
units (1BHK) remained under-supplied by 9 per cent

Demand and supply for 2BHK units showed a positive trend.


Demand moved up 4 per cent to settle at 39 per cent while supply
grew marginally by 2 per cent to reach 14 per cent

35
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)

46
35

Similar to the previous quarter, moderate demand was noted in the


Rs 20-40 lakh (22%) and Rs 1-2 crore (15%) ranges. Both demand and
supply remained subdued for properties priced below Rs 20 lakh

SUPPLY

BHK wise Analysis


7
40

10
86

73

DEMAND

Demand was evenly distributed across different categories in the


zone. Maximum demand was noted for the Rs 40-100 lakh (31%) and
Rs 2 crore and Above (30%) categories

Property wise Analysis

Source: Magicbricks.com

17

SUPPLY

Property wise Analysis

10

As in the previous quarter, more than 70 per cent supply in South


Delhi was concentrated for properties priced above Rs 2 crore.
Moderate supply of 11 per cent was noted in the Rs 1-2 crore range.
Other categories witnessed a supply of 3-8 per cent

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Rs <20 lakh

15

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

09

propindex.magicbricks.com

DELHI

DEMAND & SUPPLY - North Delhi


North Delhi witnessed the highest supply of residential houses across all zones. At
16 per cent, supply matched demand in the category, unlike other zones where the
category remained under-supplied in the current quarter.
Supply for 2BHK units lagged demand by more than 10 per cent in the current quarter.
Supply matched demand in the 1 and 3BHK categories. Larger homes (4BHK and Above)
were over-supplied by 12 per cent. Properties priced at Rs 40-100 lakh were most supplied.
Nearly 50 per cent supply was noted for properties priced above Rs 1 crore.
Budget wise Analysis

Budget wise Analysis


Q1 Q2
15
26

17

21
43

20

DEMAND

24

23

21

24

27

30

Rs <20 lakh
Rs 20-40 lakh

23

Rs 40-100 lakh
Rs 1-2 crore

19

Rs 2 crore and above

7
73

Q1 Q2

16

9
6

17

85

9
16
75

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Apartment

67

Residential houses
Residential plot

DEMAND

32

Q1 Q2
19

16

29

33

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
1 BHK

46
37

35

2 BHK
3 BHK

17

19

DEMAND

Demand and supply for properties priced above Rs 2 crore remained


almost unchanged in the last quarter. Supply at 23 per cent led
demand by 8 per cent. Low demand and supply was noted for the
Upto Rs 20 lakh category

Supply of apartments in North Delhi dropped by 10 per cent in the


current quarter as compared to the Apr-Jun 2014 quarter. It settled
at 75 per cent which was 8 per cent higher than the existing demand
in this category

Supply matched demand in the residential house category. Both


demand and supply witnessed a rise of 10 per cent to settle at
17 and 16 per cent respectively, in the current quarter

Demand for plots dropped slightly to settle at 16 per cent as


compared to the 20 per cent demand noted in the previous quarter.
Supply at 9 per cent still lagged demand by 5 per cent in the
Jul-Sep 2014 quarter

BHK wise Analysis

4 BHK & above


15

16

SUPPLY

Source: Magicbricks.com

47

31

Supply (19%) kept pace with demand (20%) in the Rs 20-40 lakh
category. However, demand rose by 3 per cent in the current quarter,
while supply fell by 4 per cent. Supply led demand marginally in the
Rs 1-2 crore range

SUPPLY

BHK wise Analysis


Q1 Q2

Property wise Analysis

Source: Magicbricks.com

20
94

In North Delhi, Rs 40-100 lakh budget range remained the most


preferred as well as supplied category. Both demand and supply
witnessed a rise of 3 per cent in the Jul-Sep 2014 quarter

SUPPLY

Property wise Analysis


Q1 Q2

l
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Source: Magicbricks.com

40

15

Q1 Q2

The 2BHK category was the most preferred with slightly more than
45 per cent demand. Supply, at 35 per cent, fell short by more than
10 per cent in the current quarter. Moderate demand (19%) and
supply (16%) was noted for 1BHK units

Demand and supply was almost perfectly matched in the 3BHK


category. While demand stood stable in the last six months at
31 per cent, supply inched up slightly to match demand at 33 per cent

A significant over-supply of 12 per cent was noted for larger housing


units (4BHK and Above category). While demand remained subdued
in the category at 4 per cent, supply was recorded to be 16 per cent

DELHI

propindex.magicbricks.com

10

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

DEMAND & SUPPLY - West Delhi


Demand for apartments dropped to 81 per cent in the Jul-Sep 2014 quarter as compared to
91 per cent recorded in the previous quarter. Even though demand for residential houses
witnessed a hike of 8 per cent to settle at 12 per cent, supply fell short at 5 per cent.
Demand and supply dropped for 3BHK units in the western parts of the city. While
demand at 35 per cent, witnessed a drop of 7 per cent, supply fell by 5 per cent to settle at
48 per cent. The Rs 20-40 lakh budget range saw maximum demand, even though a drop of
5 per cent was recorded this quarter.
Budget wise Analysis

Budget wise Analysis


Q1 Q2
9
23

16

12

44

38

33

41

18

21

Rs 40-100 lakh
Rs 1-2 crore
Rs 2 crore and above

16
DEMAND

Rs <20 lakh
Rs 20-40 lakh

19
36

7
12

Q1 Q2
95

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Apartment
Residential house
Residential plot

42

Q1 Q2
13

12

53

48

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
1 BHK

49

2 BHK
31
28

12

DEMAND

Maximum supply (38%) in the zone was noted for properties priced
between Rs 1-2 crore, even though a drop of 6 per cent was noted in
the current quarter

Demand for apartments witnessed a downward trend in West Delhi


as well. Buyer interest dropped from 92 to 81 per cent in the
Jul-Sep 2014 quarter. Supply settled at 93 per cent as opposed to
95 per cent noted in the previous quarter

Demand for residential houses rose by 8 per cent in the current


quarter to settle at 12 per cent as compared to the 4 per cent noted in
the previous quarter

Even though supply was almost negligible, demand for plotted


developments inched up in West Delhi this quarter. A rise of
4 per cent was noted in demand, which settled at 7 per cent in the
current quarter

BHK wise Analysis

3 BHK
4 BHK & above

6
SUPPLY

Source: Magicbricks.com

46

35

SUPPLY

BHK wise Analysis


Q1 Q2

Demand for the Rs 40-100 lakh category saw a growing trend. A rise
of 6 per cent was noted in buyer interest pushing it to 33 per cent.
Supply remained stable at 19 per cent

93

81

DEMAND

Property wise Analysis

Source: Magicbricks.com

92
94

The Rs 20-40 lakh category remained the preferred budget range in


West Delhi. However, demand witnessed a drop this quarter settling
at 36 per cent as compared to 41 per cent recorded in the previous
quarter. Supply, on the other hand, rose by 5 per cent to 21 per cent

10
6
SUPPLY

Property wise Analysis


Q1 Q2

l
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Source: Magicbricks.com

26

8
20

Q1 Q2

Both demand and supply inched up by 3 per cent for 2BHK units in
the western parts of the city. While nearly 50 per cent buyer interest
was noted for the category, supply settled at 31 per cent

As far as 3BHK units are concerned, a drop of 7 per cent was noted
in demand while supply fell by 5 per cent in the Jul-Sep 2014 quarter.
Demand settled at a healthy 35 per cent while supply led demand by
13 per cent with 48 per cent availability

A slight bump up was noted in the demand and supply of smaller


units of 1BHK. A rise of 3 per cent each was registered in th
demand and supply

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

11

propindex.magicbricks.com

DELHI

DEMAND & SUPPLY - East Delhi


Among all zones, the highest drop in demand (14%) for apartments was noted in East
Delhi. Supply also noted a downward trend, settling at 88 per cent as compared to the
94 per cent recorded in the previous quarter.
Demand for residential houses jumped 12 per cent, the highest among all zones, to settle at
16 per cent. The 2BHK category continued to be preferred with 50 per cent demand. While
high end properties priced above Rs 1 crore were over-supplied, the Rs 20-100 lakh
category was under-supplied by 31 per cent.
Budget wise Analysis

Budget wise Analysis


Q1 Q2
15

37

20

21

24

49

40

Rs <20 lakh
Rs 20-40 lakh

38

Rs 40-100 lakh

26

22
25

18

18
8

DEMAND

11

Rs 1-2 crore
Rs 2 crore and above

9
16

Q1 Q2
94

8
88

75

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Apartment
Residential house
Residential plot

DEMAND

38

Q1 Q2
9
44

41

50

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)

2 BHK
40

3 BHK
4 BHK & above

15

DEMAND

Demand and supply remained subdued for properties priced below


Rs 20 lakh while an over-supply of 9 per cent was noted for those
above Rs 2 crore

As observed at the city level, demand dropped for apartments to


settle at 75 per cent, a drop of 14 per cent from the previous quarter.
Supply was at 88 per cent, a drop of 6 per cent from the past three
months

More than 10 per cent rise was noted in demand for residential
houses. Demand in the segment jumped from 4 to 16 per cent in the
Apr-Jun 2014 quarter. Supply also witnessed an upward trend to
settle at 8 per cent

Demand and supply remained low for plotted developments in the


eastern parts of the city. However, both demand and supply in the
segment inched up by 1-2 per cent this quarter

Exactly half of the total demand in East Delhi was for 2BHK units
while supply remained almost unchanged in the last six months at
40 per cent

Both demand and supply dropped for 3BHK units. While demand
settled at 32 per cent, a drop of 6 per cent from the previous quarter,
supply stood at 41 per cent as compared to 44 per cent noted in the
previous quarter

A rise of 5 per cent was noted in demand for 1BHK units while
supply inched up by 2 per cent. Larger units (4BHK and Above) was
found to be over-supplied with supply leading demand by 9 per cent

12

1 BHK
42

10

BHK wise Analysis

7
SUPPLY

Source: Magicbricks.com

50

32

Both demand and supply dropped for properties worth Rs 1-2 crore.
While demand (20%) dropped by 17 per cent, supply fell by 9 per cent
to settle at 40 per cent

SUPPLY

BHK wise Analysis


Q1 Q2

Property wise Analysis

Source: Magicbricks.com

89

Demand rose significantly for properties in the range of Rs 20-40


lakh (7 per cent rise in demand) and Rs 40-100 lakh (12 per cent rise
in demand). Supply too witnessed a growing trend, settling at 11 and
22 per cent respectively as compared to the 8 and 18 per cent
recorded in the previous quarter

SUPPLY

Property wise Analysis


Q1 Q2

l
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Source: Magicbricks.com

17

Q1 Q2

GURGAON

propindex.magicbricks.com

12

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

PROPINDEX - GURGAON

Editorial
Gurgaon Realty Trends
Gurgaon is a prime investment and
residential destination because of
proximity to Delhi and the international
airport and the rapid pace of
development.
To keep improving the availability of
new land parcels for development, the
Haryana government is also investing
heavily in infrastructure.

Source: Magicbricks.com

The City Index, as opposed to the previous quarter, where a rise


of 1 per cent was noted dropped by 1 per cent in the Jul-Sep 2014
quarter. Similar to the previous quarter, the Listed Price Monitor
also remained stable. The NPI too, remained unchanged in the
current quarter.

Key Takeaways
l

In the last six months, the


Gurgaon residential market
witnessed stable trends with no
significant change in supply and
price. Almost equal number of
localities recorded rise or drop
in values. This resulted in no
change in the Listed Price
Monitor and a nominal drop of
1 per cent in the City Index

Demand for smaller units of


1BHK rose from 3 per cent in the
Apr-Jun 2014 quarter to
5 per cent in the Jul-Sep 2014
quarter. However, supply
remained stable at 2 per cent in
the city

Apartments continued to be the


most active property type and
recorded a 3 per cent rise in
demand over the previous
quarter. Supply continued to
outstrip demand with a margin
of over 10 per cent
Significant rise of 13 per cent
was recorded in the demand for
residential houses. However, the
demand for plots dropped by
over 15 per cent. Supply
remained stable in both the
categories in the current,
Jul-Sep 2014 quarter

Rental returns in the city range


between 1.81-2.75 per cent.
Sushant Lok-1 offered the
maximum yield in the city

Gurgaon continued to witness


maximum demand for
properties worth Rs 1-2 crore
and Above which witnessed a
supply deficit of 3 per cent.
Supply exceeded demand by
5 per cent in properties worth
Rs 2 crore and Above

Unlike other parts of Delhi


NCR, 3BHK units were the most
preferred category, recording a
5 per cent drop in the last three
months

Consistent rise in demand was


recorded for 2BHK units but
supply failed to keep pace,
falling short by over 10 per cent

Capital values in the top ten


preferred localities for sale
remained fairly stable within a
range of minus 1 to plus 3
per cent. Sohna Road, Golf
Course Road, Palam Vihar and
Sector 56 continued to be the
most preferred localities in the
city, in line with trends in the
previous quarter

The forthcoming KMP and the DwarkaGurgaon Expressway have improved


connectivity and led to the development
of a number of new sectors.
In a report, the rating agency ICRA has
said that Gurgaon, particularly New
Gurgaon and Golf Course Extension
Road remain the most active
micromarkets of Delhi NCR.
Gurgaon has long been a winner as
the most attractive area in Delhi NCR.
As the development of new offices and
residential projects continues, the
property values have seen good
appreciation in the last few years.
With the development of good swanky
offices, a number of Fortune-500
companies have opened their offices
here, making the area one of the most
sought-after locations.
Because of the high demand for office
and residential space, property prices
have skyrocketed, forcing buyers to
look at new areas like Greater
Gurgaon, that offer equally good
options at economical rates. Currently,
Greater Gurgaon is registering a boom
with supply keeping pace with
demand. The area is set to emerge as
the next axis for residential,
commercial, institutional and industrial
development.
With the recent approval from NGT to
widen NH-8, Gurgaon will see another
realty boom. The target market for
Gurgaon is Delhi, NRIs and locals.
The region lacks in the development of
world class infrastructure inside the
city. The authority must increase the
pace of development improving the
conditions of the sector roads,
availability of water, electricity and law
and order to continue the growth of the
Millennium city.
prabhakar.sinha@timesgroup.com
Editor Times Property Delhi NCR

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

LISTED PRICE MONITOR

13

GURGAON

propindex.magicbricks.com

RENT MONITOR

0%
Source: Magicbricks.com
l

Almost equal number of the tracked localities


recorded a drop and rise in capital values. This was
reflected in the Listed Price Monitor, which
remained unchanged in the past three months

Rise in capital values was limited to 1-2 per cent


across localities. Sector 69 reported the highest rise
followed by Sectors 33, 37D, 67, 73, 81, 83, 92 and the
Golf Course Road with a rise of 1 per cent each

The highest drop of 4 per cent was noted in Sector 47


followed by Sector 84, with a drop of 3 per cent

Source: Magicbricks.com
l

More than 50 per cent of the tracked localities


registered a rise in rental values. This negated the
significant drop witnessed in the previous quarter

Rise in rental values was most visible in different


phases of DLF City, with Phase I and III recording
the highest rise of 8 per cent in the quarter

Sectors in New Gurgaon reported a positive


movement. Sectors 43 and 55 recorded the second
highest rise of 5 per cent

South City-I continued to report a rise in rental


values. With a rise of 5 per cent this quarter, the
locality registered a considerable 8 per cent hike in
the last six months

Values in sectors along the Dwarka Expressway


remained largely stable or dropped by 1-7 per cent in
the current quarter

Y I E L D

M E T E R
Locality

Average Rental
Value (Rs/sqft/mth)

Average Capital
Value (Rs/sqft)

Gross
Yield

Source: Magicbricks.com

Sector-54

18.00

11,950

1.81%

Dlf City Phase V

22.75

13,175

2.07%

Dlf City Phase IV

24.00

11,925

2.42%

Sushant Lok

21.00

9,175

2.75%

Sector-56

14.50

7,825

2.22%

Vatika City

15.75

9,950

1.90%

Sector-52

13.25

6,875

2.31%

Dlf City Phase II

21.50

11,625

2.22%

Sector-57

14.50

8,150

2.13%

Dlf City Phase I

20.00

10,150

2.36%

The Yield Meter clocked returns in the range of


1.81 and 2.75 per cent in the Jul-Sep 2014 quarter as
compared to the range of 1.97-2.99 per cent noted
in the previous quarter

Different phases of the DLF City recorded a


healthy rental return to the tune of 2.07-2.42
per cent. Rising rental values and comparatively
stable capital values ensured such returns

Sushant Lok continued to clock the highest


returns in the city. However, stable rental values
resulted in a marginal drop in returns this quarter

Sectors in New Gurgaon such as Sectors 52 and


57 also reported healthy returns of 2.13-2.31
per cent during the Jul-Sep 2014 quarter

GURGAON

propindex.magicbricks.com

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

14

PREFERRED LOCALITIES
RENT

SALE
Locality
Sohna Road

Rank
Q2 Q1
1
1

Capital
Values
7650 to 9900

%age
change
-1%

Rank
Q2 Q1
1
1

Locality
Sohna Road

Rental
Values
14500 to 18000

%age
change
0%

20500 to 27000

1%

Sector-56

13000 to 17000

-2%

3%

DLF City Phase II

19500 to 25000

10%

9250 to 11750

3%

DLF City Phase III

21000 to 27500

8%

7700 to 9650

2%

DLF City Phase IV

22000 to 27500

4%

12600 to 14250

1%

Nirvana Country

15000 to 18000

2%

Dwarka Expressway

4700 to 6200

1%

Palam Vihar

14000 to 18000

2%

Sector-82

4650 to 6200

-1%

Sushant Lok-I

10

18000 to 24000

0%

Nirvana Country

10

8500 to 10100

0%

DLF City Phase V

10

20500 to 26500

-1%

Golf Course Road

12100 to 14900

1%

Palam Vihar

7300 to 9250

1%

Sector-56

7250 to 8850

DLF City Phase I

Golf Course Extn Road

DLF City Phase V

Note: Q2 Jul-Sep 2014, Q1 Apr-Jun 2014

Source: Magicbricks.com

Golf Course Road

Note: Q2 Jul-Sep 2014, Q1 Apr-Jun 2014

Source: Magicbricks.com

Sohna Road continued to be the most popular


locality for sale. Capital values in the locality
dropped marginally by 1 per cent, settling at
Rs 7,650-9,900 per sq ft

As in the list of preferred localities for sale, Sohna


Road continued to rule the charts for rent as well
while Sector 56 dropped one spot to number three,
giving way to Golf Course Road

Golf Course Road moved up one position to number


two while Palam Vihar dropped to number three
from the second spot it occupied last quarter. Both
localities recorded a rise of 1 per cent

Different phases of DLF City were popular as rental


accommodations. Rental values varied from
Rs 19,500-27,500 per month in these localities

There were three new entrants in the list of top ten


preferred localities for sale this quarter. These
included DLF City Phase-I and V at number five and
seven respectively and Sector 82 at number nine

DLF City Phase-II moved up four spots from the


previous quarter to settle at number four. The
increased demand pushed up rental values by a
significant 10 per cent

Sector 56 and the Golf Course Extension retained


their spots on number four and six respectively

DLF City Phase III and IV retained their positions at


number five and six, recording a rise of 4-8 per cent

Nirvana Country dropped two positions to settle at


number ten in the current quarter

DLF Phase V dropped one spot to settle at number


ten while Nirvana Country lost three spots to settle
at the seventh position

With capital values ranging from Rs 4,700-6,200


per sq ft, Sector 82 and Dwarka Expressway were the
most affordable localities on the list

Sushant Lok improved its standing slightly to settle


at number nine as opposed to the tenth position it
held last quarter

Home in your Budget


Upto Rs 40 Lakh

Sohna, Bhondsi, New Palam Vihar, Ashok Vihar,

Rs 40-60 Lakh

Sector-92, Sector-82, Sector-91, Sector-37D, Sector-103

Rs 60-100 Lakh

Sector-82, Sector-83, Sector-69, Sector-70, Sector-71

Rs 100-200 Lakh

Sector-67, Sector-66, Golf Course Extn Road, Sector-71

Rs 2 Crore & Above

Golf Course Road, DLF City Phase-V, Sushant Lok-I

New Developing Sectors such


as 82, 91, 92 and 93 witnessed
the maximum supply of
mid-segment properties priced
between Rs 40-60 lakh

Golf Course Extension had the


maximum availability of
properties in the Rs 60-100 lakh
and Rs 1-2 crore range

Different phases of DLF City


offered the highest supply of
premium properties priced
over Rs 2 crore
Source: Magicbricks.com

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

propindex.magicbricks.com

15

GURGAON

D E M A N D - S U P P LY A N A LY S I S
Apartments were the most active category with more than 70 per cent demand and supply.
Demand for residential houses bumped up by 6 per cent in the Jul-Sep 2014 quarter. Both demand
and supply of properties priced up to Rs 60 lakh remained subdued.
Larger homes remained over-supplied in the city during the current quarter. This was reflected in
the excess supply of properties in the Rs 2 crore and above category. The 4BHK and Above
category was over-supplied by 15 per cent. Even though 3BHK units were the most preferred, a
healthy demand was noted for 2BHK units as well. However, supply for the same fell short by
13 per cent in the current quarter.
Budget wise Analysis

Budget wise Analysis - City Level


DEMAND

SUPPLY
(Apr-Jun 2014)
(Jul-Sep 2014)
37
31

30

25

23 24

20
10
0

<40

8
4
40-60

60-100

100-200

Figures in percentage(%)

39

40

40

34 34

30

30 30

26 25

20
10
0

200 &
above

6 6

4 5
<40

40-60

60-100

Figures in Rs lakh

100-200

Property wise Analysis

40
27
17

12

Figures in percentage(%)

67 71

100

Except for plotted developments,


all other categories saw a rise in
demand in the Jul-Sep 2014 quarter.
While apartments reported a rise
of 4 per cent, residential houses
saw a significant rise of 6 per cent

Plots, in the city, witnessed a drop


of 10 per cent in demand in the
current quarter. Supply across all
categories remained largely stable
in the last six months. Apartments
were the most supplied with
80 per cent availability

(Apr-Jun 2014)
(Jul-Sep 2014)

81 80

80
60
40
20

12 13

7 7

Apartment Residential House

Residential Plot

Apartment Residential House

Source: Magicbricks.com

Figures in percentage(%)

(Apr-Jun 2014)
(Jul-Sep 2014)

60

SUPPLY

100

Demand for luxury properties


priced above Rs 2 crore dropped
slightly from 30 per cent to
25 per cent this quarter. Supply
stood unchanged at 30 per cent.
Supply met demand in the
Rs 60-100 lakh range at 25 per cent

Figures in Rs lakh

DEMAND

20

200 &
above

Property wise Analysis - City Level

80

Demand and supply in Gurgaon


was seen for properties priced at
Rs 60 lakh and above. The
Rs 1-2 crore range remained the
most active with 37 per cent
demand and 34 per cent supply

(Apr-Jun 2014)
(Jul-Sep 2014)

50

Source: Magicbricks.com

Figures in percentage(%)

50

Residential Plot

BHK wise Analysis - City Level

BHK Configuration - City Level


DEMAND
50

40
30

(Apr-Jun 2014)
(Jul-Sep 2014)

34
12 11

20

60
52 51
Figures in percentage(%)

55

40

1BHK

2BHK

3BHK

4BHK &
above

26 26

20 21

20

3 5

The 3BHK category remained the


most preferred as well as supplied
configuration in the current
quarter. More than 50 per cent
stock in the city was concentrated
in this segment

Demand (34%) and supply (21%)


for 2BHK units inched up
marginally. While demand and
supply remained almost negligible
for 1BHK units, an over-supply of
15 per cent was noted in the
4BHK and Above category

(Apr-Jun 2014)
(Jul-Sep 2014)

2 2
1BHK

2BHK

3BHK

4BHK &
above

Source: Magicbricks.com

Figures in percentage(%)

60

SUPPLY

GURGAON

propindex.magicbricks.com

16

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

DEMAND & SUPPLY - Sohna Road


A significant shift in demand was noted in different budget ranges. Demand moved from
the luxury to the more affordable segments. Demand for properties priced above a crore
dropped by more than 10 per cent. On the other hand, properties priced upto Rs 60 lakh
witnessed a rise in buyer demand, which grew by 10 per cent in the current quarter.
Apartments remained the preferred property type with 80 per cent demand. Plotted
developments witnessed a rise in supply in the current quarter. Both demand and supply
inched up for 2BHK units even as 3BHK units continued to be most popular.
Budget wise Analysis

Budget wise Analysis


Q1 Q2
25

17

20

16

33

30

26

26

25
27

24
13
7
11
7
DEMAND

7
16

8
25

Rs <40 lakh
Rs 40-60 lakh
Rs 60-100 lakh
Rs 1-2 crore
Rs 2 crore and above

14

78

9
80

81
71

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Apartment
Residential house
Residential plot

Q1 Q2

Q1 Q2

9
50

22

Both demand and supply for properties priced upto Rs 60 lakh


witnessed a bump up. While demand moved up to 24 per cent, a rise
of 10 per cent from the previous quarter, supply was seen to settle at
33 per cent, a rise of 11 per cent from the last quarter

Apartments remained the preferred property type along Sohna Road


with 80 per cent demand. However, supply in the category witnessed
a drop of 10 per cent to settle at 71 per cent in the current quarter

Supply in the market seemed to have shifted towards plotted


developments with a rise of 10 per cent noted in the category. While
supply stood at 24 per cent, demand witnessed a drop to settle at
11 per cent in the Jul-Sep 2014 quarter

Demand and supply remained subdued for residential houses. While


demand inched up from the previous quarter to settle at 9 per cent,
supply stood unchanged in the last six months at 5 per cent

BHK wise Analysis

51

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
1 BHK
2 BHK

37

3 BHK
22

The 3BHK category was the most popular along Sohna Road. The
category witnessed a demand of 47 per cent, a drop of 3 per cent
from the previous quarter. Supply also dropped by 2 per cent to
settle at 51 per cent, the highest among all categories

Demand for 2BHK units inched up marginally by 1 per cent in the


current quarter, to settle at 37 per cent. Supply in the category
witnessed a growth of 5 per cent and settled at 27 per cent

Supply of larger housing units of 4BHK and Above led demand by


10 per cent in the current quarter. While supply stood at 17 per cent,
demand was 7 per cent in the category

17

27

9
SUPPLY

4 BHK & above

Source: Magicbricks.com

53

DEMAND

SUPPLY

BHK wise Analysis

36

A drop of 4 per cent was also witnessed in the Rs 1-2 crore range for
both demand and supply. Demand settled at 33 per cent while supply
stood at 26 per cent

24
Source: Magicbricks.com

11

7
47

Property wise Analysis

Q1 Q2

19

DEMAND

Both demand and supply saw a decline for properties priced above
Rs 1 crore. The Rs 2 crore and Above category witnessed a drop of
4-5 per cent in demand and supply

SUPPLY

Property wise Analysis


Q1 Q2

l
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Source: Magicbricks.com

37

Q1 Q2

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

17

propindex.magicbricks.com

GURGAON

DEMAND & SUPPLY - Old Gurgaon


As opposed to the Apr-Jun 2014 quarter where plots were the preferred category, demand
shifted towards apartments in the current quarter. A drop of 15 per cent was noted for
plots while apartments witnessed a rise of 6 per cent in demand.
With over 50 per cent demand and supply, 2BHK units were the most active. Large homes
(4BHK and Above) were over-supplied by more than 20 per cent. Luxury properties priced
over Rs 2 crore were also over-supplied by 15 per cent. Demand for the same witnessed a
drop. Demand (35%) and supply (39%) was the highest for the Rs 1-2 crore range.
Budget wise Analysis

Budget wise Analysis


Q1 Q2

27

29

30

37

39

15
35

33
29
23
10

10

7
DEMAND

Rs <40 lakh
Rs 40-60 lakh
Rs 60-100 lakh

19
11

18

7
7
8
6
SUPPLY

Rs 1-2 crore
Rs 2 crore and above

Q1 Q2

31

28

26

26

18

27

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Apartment

17

43

54

47

37

Residential house
Residential plot

DEMAND

Source: Magicbricks.com

46
94

38

Q1 Q2
23

26

46

44

54

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
1 BHK
2 BHK
3 BHK

24
11

10

DEMAND

Both demand and supply in the Rs 1-2 crore moved up by 2 per cent
in the current quarter. While demand stood 35 per cent, supply was
recorded to be 39 per cent

Demand for the Rs 60-100 lakh category also witnessed a growing


trend. It moved to 29 per cent from the 23 per cent recorded in the
previous quarter

Old Gurgaon also witnessed a shift in buyer preferences this


quarter. Demand for plotted developments saw a drop of 15 per cent
and stood at 31 per cent. More than 45 per cent demand was noted for
the same in the last quarter. Supply stood at 26 per cent

Residential houses witnessed positive trends. Both demand and


supply grew by 9 per cent. Demand stood at 26 per cent and supply
matched demand at 27 per cent

A rise in demand was also noted for apartments. Demand in the


category grew to 43 per cent, a rise of 6 per cent from the previous
quarter. Supply led demand slightly at 47 per cent

BHK wise Analysis

25

7
SUPPLY

4 BHK & above

Source: Magicbricks.com

46

32

SUPPLY

BHK wise Analysis


Q1 Q2

A significant drop of 12 per cent was noted in the demand for high
end properties priced above Rs 2 crore. As compared to the
27 per cent demand recorded in the Apr-Jun 2014 quarter, demand
settled at 15 per cent in the Jul-Sep 2014 quarter. Supply (30%) led
demand by 15 per cent

Property wise Analysis

Property wise Analysis


Q1 Q2

l
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Source: Magicbricks.com

Q1 Q2

Demand dropped in all categories except for the 2BHK units. A rise
of 8 per cent was noted in the demand for these which settled at
54 per cent. Supply for the same stood unchanged at 25 per cent in
the Jul-Sep 2014 quarter

Both demand and supply dropped for 3BHK units. While demand
stood at 32 per cent, a drop of 6 per cent from the previous quarter,
supply dropped marginally by 2 per cent to settle at 44 per cent

A significant over-supply of 22 per cent was noted in the 4BHK and


Above category. Supply stood at 26 per cent, a rise of 3 per cent from
the last quarter, while demand was a meagre 4 per cent

GURGAON

propindex.magicbricks.com

18

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

DEMAND & SUPPLY - New Gurgaon


Maximum demand (64%) and supply (70%) was noted for apartments. Demand witnessed a
growth of nearly 10 per cent in the last three months. On the other hand, preference for
plots dropped significantly during the present quarter to settle at 22 per cent.
A gradual shift was noted from luxury housing to more affordable units. This was
reflected in the drop in demand for larger configurations of 3BHK and 4BHK and Above
categories. As far as the budget ranges are concerned, demand also dropped for properties
worth Rs 1 crore and above. Demand grew slightly for properties priced upto Rs 1 crore.
Budget wise Analysis

Budget wise Analysis


Q1 Q2

Q1 Q2

43

47

32

47

38

Rs 1-2 crore

20
14

DEMAND

Rs 60-100 lakh

10

11

Rs 2 crore and above

Source: Magicbricks.com

40

Rs 40-60 lakh
37

7
55

Q1 Q2

22

20

19

14

8
72

11

64

70

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Apartment
Residential house
Residential plot

DEMAND

12

58

52

Q1 Q2
33

50

1 BHK
2 BHK
3 BHK

30

4 BHK & above


13

6
DEMAND

Demand shifted from plotted developments towards apartments and


residential houses this quarter. Demand for plots dropped
significantly by 16 per cent to settle at 22 per cent as opposed to the
38 per cent demand noted in the previous quarter

Demand witnessed a rise for apartments and residential houses.


While a rise of 9 per cent was noted in the demand for apartments,
7 per cent increase was noted for houses in the Jul-Sep 2014 quarter

Supply for apartments inched up by 2 per cent while a rise of


3 per cent was noted in the supply of residential houses. Supply of
plots remained almost stable at 19 per cent in the current quarter

The 3BHK category was the preferred segment in New Gurgaon


with over 50 per cent buyer interest. However, a slight drop of
6 per cent was noted in the segment as compared to the previous
quarter. Supply matched demand at 50 per cent

Demand for 2BHK units inched up by 5 per cent in the Jul-Sep 2014
quarter to settle at 30 per cent. Supply remained unchanged at
13 per cent, registering a short fall of 17 per cent

Demand declined for larger properties (4BHK and Above). It


dropped by 2 per cent to settle at 12 per cent. However, supply in the
segment led demand by 23 per cent in the current quarter

35
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)

52

25

A rise in demand was noted for properties priced at Rs 60-100 lakh.


It inched up to 20 per cent as compared to the 14 per cent in the
previous quarter. Supply in the category stood stable at 11 per cent

BHK wise Analysis

13

SUPPLY

Source: Magicbricks.com

14

SUPPLY

BHK wise Analysis


Q1 Q2

Supply in both segments remained unchanged in the last two


quarters. Nearly 85 per cent supply was concentrated for properties
priced above Rs 1 crore

Property wise Analysis

Source: Magicbricks.com

38
94

SUPPLY

Property wise Analysis


Q1 Q2

Demand for luxury properties priced above Rs 1 crore witnessed a


negative trend with buyer interest registering a drop. Demand for
the Rs 1-2 crore range dropped from 40 to 38 per cent while a drop of
11 per cent was noted in the Rs 2 crore and Above range

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Rs <40 lakh

38

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

19

propindex.magicbricks.com

GURGAON

DEMAND & SUPPLY - Dwarka Expressway


Buyer interest indicated a shift towards affordable properties. This was reflected in the
rise in demand for smaller configurations (1 and 2BHK units). Though 3BHK units
registered the highest demand at 48 per cent, 2BHK units followed a close second at
41 per cent, a rise of 7 per cent from the previous quarter.
Demand in the upto Rs 60 lakh range also saw a rise. Demand dropped by 2-5 per cent in all
other budget ranges. Supply followed demand, recording a rise of 7 per cent for properties
priced upto Rs 60 lakh while it dropped by 2-4 per cent in other categories.
Budget wise Analysis

Budget wise Analysis


Q1 Q2
10

36

33

10
31

8
30

Rs <40 lakh

41

36

48

44

Rs 40-60 lakh
Rs 60-100 lakh
Rs 1-2 crore

13
7

8
DEMAND

9
9
SUPPLY

Rs 2 crore and above

16

Q1 Q2

12
6
82

91

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Apartment
Residential house
Residential plot

DEMAND

59

7
48

13

57

54

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)

2 BHK
3 BHK
28

32

SUPPLY

4 BHK & above

Source: Magicbricks.com

14

41

DEMAND

Demand for properties priced upto Rs 60 lakh grew by 10 per cent to


settle at 21 per cent as compared to the 11 per cent noted in the
previous quarter

In the last six months, demand for apartments along the Dwarka
Expressway remained stable at slightly more than 82 per cent.
Supply at 94 per cent inched up by 3 per cent and to lead demand by
12 per cent

Demand for plots witnessed a drop of 4 per cent in the current


quarter which settled at 12 per cent. This was higher than the
available supply in the market, which stood at 3 per cent in the zone
in the current quarter

Demand for residential houses saw a positive movement in the


Jul-Sep 2014 quarter. It inched up by 4 per cent to settle at 6 per cent.
However, supply lagged at 3 per cent

BHK wise Analysis

Q1 Q2

1 BHK

34

Demand in the Rs 1-2 crore category was 33 per cent, witnessing a


drop of 3 per cent from the previous quarter while supply kept pace
at 30 per cent in the current quarter

SUPPLY

BHK wise Analysis


Q1 Q2

94
Source: Magicbricks.com

94
82

Both demand and supply for properties priced above Rs 60 lakh


reported a drop during the Jul-Sep 2014 quarter. Demand in the
Rs 60-100 lakh range, the most preferred segment, dropped by
5 per cent to settle at 36 per cent. Supply stood at 44 per cent which
was 4 per cent lower than the previous quarter

Property wise Analysis

Property wise Analysis


Q1 Q2

l
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Source: Magicbricks.com

12

Q1 Q2

Popularity of smaller units grew in the Jul-Sep 2014 quarter. While


demand for 2BHK units grew by 7 per cent to settle at 41 per cent,
demand for 1BHK units inched up to settle at 4 per cent

Supply of 1BHK units remained almost negligible in this quarter


while 2BHK units witnessed a marginal rise of 4 per cent to
settle at 32

A drop of 11 per cent was noted in the demand for 3BHK units while
supply dropped by 4 per cent to settle at 54 per cent. Demand inched
up in the 4BHK and Above category to settle at 7 per cent. Supply led
demand by 6 per cent

GURGAON

propindex.magicbricks.com

20

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

DEMAND & SUPPLY - Golf Course Extension Road


Supply was inclined towards apartments, with a drop of 3 per cent in demand as
compared to the previous quarter. Demand settled at 90 per cent and supply at 93 per cent.
The budget category of Rs 1-2 crore remained the most active with nearly 45 per cent
demand and supply. Both demand and supply dropped for properties above Rs 2 crore.
Demand dropped by 5 per cent and supply by 2 per cent. Demand and supply in other
categories remained almost unchanged. A mismatch was noted in the demand and supply
of different BHK configurations. Supply lagged demand in both 2 and 3BHK category.
Budget wise Analysis

Budget wise Analysis


Q1 Q2

34

29

31

29

45

40

44

46

Rs <40 lakh
Rs 40-60 lakh
Rs 60-100 lakh

17

26

Rs 1-2 crore
24

17
DEMAND

Rs 2 crore and above

90

Q1 Q2
7
90

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)

Residential house
Residential plot

15

58

57

Q1 Q2
31

51

1 BHK
2 BHK
3 BHK

26

DEMAND

Most of the activity along the Golf Course Extension Road was
concentrated in the apartment segment. This category garnered the
maximum demand at 90 per cent while supply settled at 93 per cent,
a rise of 3 per cent from the previous quarter

Both demand and supply remained subdued for plots as well as


residential houses in the Jul-Sep 2014 quarter. Demand for houses
inched up marginally to settle at 5 per cent while supply dropped to
4 per cent

Demand and supply for plotted developments remained unchanged


in the last six months. It continued to be the least preferred category
with 5 per cent demand and 3 per cent supply

18

As in the Apr-Jun 2014 quarter, demand and supply largely


remained concentrated for 3BHK units. Demand stood unchanged in
the last six months at 57 per cent while supply was 51 per cent

Demand for 2BHK units moved up slightly to settle at 26 per cent


while supply lagged by 8 per cent at 18 per cent. Demand and supply
for 1BHK units was negligible in the current quarter

Supply for larger units of 4BHK and Above was found to be twice as
that of the existing demand in the category. While demand dropped
3 per cent this quarter to settle at 15 per cent, supply stood at
30 per cent in this quarter

30
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)

50

23

With nearly 45 per cent demand and supply, Rs 1-2 crore budget
range was the most active. A considerable over-supply of 7 per cent
was noted for properties priced at Rs 60-100 lakh. Demand in the
category stood at 17 per cent

BHK wise Analysis

18

SUPPLY

4 BHK & above

Source: Magicbricks.com

18

SUPPLY

BHK wise Analysis


Q1 Q2

Both demand and supply for properties priced above Rs 2 crore saw
a negative trend. Demand dropped by 5 per cent to settle at
29 per cent similar to supply which saw a drop of 2 per cent

93

Apartment

DEMAND

Property wise Analysis

Source: Magicbricks.com

93
94

Demand and supply statistics for different budget ranges remained


almost unchanged in the last six months, except a slight movement
in the luxury category

SUPPLY

Property wise Analysis


Q1 Q2

l
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Source: Magicbricks.com

Q1 Q2

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

21

propindex.magicbricks.com

GURGAON

DEMAND & SUPPLY - New Developing Sectors


The 3BHK category remained the most popular in the New Developing Sectors of
Gurgaon. The category recorded 50 per cent of the total demand. The 2BHK units also
witnessed a healthy demand with more than 40 per cent buyers showing an interest.
The Rs 60-100 lakh category remained the preferred range with over 55 per cent demand.
Luxury properties at Rs 1-2 crore also saw a drop in demand and supply. While demand
was 26 per cent, supply was 23 per cent. Apartments continued to be popular with more
than 90 per cent demand. A slight dip in demand was noted for plotted developments.
Budget wise Analysis

Budget wise Analysis


Q1 Q2
7
26

57

56

27

23

52

54

Rs <40 lakh
Rs 40-60 lakh
Rs 60-100 lakh
Rs 1-2 crore

7
DEMAND

17

19

Rs 2 crore and above

93

Q1 Q2
91

Apartment
Residential house
Residential plot

8
55

7
50

12

54

54

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)

41

3 BHK
31

33

SUPPLY

4 BHK & above

Source: Magicbricks.com

14

2 BHK

DEMAND

An over-supply of more than 10 per cent was recorded for properties


priced at Rs 40-60 lakh. Supply in the segment settled at 19 per cent
while demand was only 8 per cent

Apartments remained the most active category in the New


Developing Sectors of Gurgaon with more than 90 per cent demand
and supply in the Jul-Sep 2014 quarter. Both demand and supply
inched up by 2 per cent to settle at 93 per cent each

Demand for plotted developments dropped by 4 per cent in the


current quarter. Supply led demand marginally at 5 per cent

Demand and supply statistics for residential houses remained


subdued. Demand inched up to 3 per cent while supply dropped to
2 per cent in the Jul-Sep 2014 quarter as compared to the 4 per cent
noted in the Apr-Jun 2014 quarter

BHK wise Analysis

Q1 Q2

1 BHK

36

SUPPLY

BHK wise Analysis


Q1 Q2

Both demand and supply for the Rs 1-2 crore segment witnessed a
negative trend. Demand dropped to 26 per cent as opposed to
31 per cent noted in the previous quarter. Supply also dropped by
4 per cent to settle at 23 per cent

93
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)

DEMAND

Property wise Analysis

Source: Magicbricks.com

8
91

The Rs 40-100 lakh category remained the most active budget range
with almost 55 per cent demand and supply noted in the Jul-Sep 2014
quarter. Supply inched up by 2 per cent as compared to the
Apr-Jun 2014 quarter

SUPPLY

Property wise Analysis


Q1 Q2

l
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Source: Magicbricks.com

31

Q1 Q2

Even though a slight drop of 5 per cent was noted in the 3BHK
category, it remained the most preferred configuration with
50 per cent demand. Supply in the category led demand by 4 per cent
and settled at 54 per cent

The 2BHK category witnessed some positive movements. While


demand moved up by 4 per cent to settle at 41 per cent, supply settled
at 33 per cent, 2 per cent higher than the previous quarter

A modest demand of 7 per cent was noted in the 4BHK and Above
category while supply in the category was 12 per cent, a drop of
2 per cent from the previous quarter

GURGAON

propindex.magicbricks.com

22

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

DEMAND & SUPPLY - Manesar


Demand shifted towards smaller and affordable properties. A rise in buyer interest was
noted for 1 and 2BHK units in the current quarter. At 14 and 42 per cent respectively, both
categories saw a rise in demand. Properties priced upto Rs 40 lakh also saw a bump in
demand, settling at 13 per cent as compared to 6 per cent noted in the previous quarter.
Opposed to the previous quarter wherein properties above Rs 1 crore were over-supplied,
it lagged demand by 10 per cent in this quarter. Apartments remained preferred property
type with 70 per cent demand. Residential houses saw a revived interest.
Budget wise Analysis

Budget wise Analysis


Q1 Q2
26

Q1 Q2
16

47

64

7
20
56

39

Rs <40 lakh
Rs 40-60 lakh
Rs 60-100 lakh

22

Rs 1-2 crore

24
13
6
DEMAND

14

11

Rs 2 crore and above

22

68

8
70

Q1 Q2
9
86

82

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Apartment

Residential plot

7
54

39

24

Even though supply for apartments dropped by 4 per cent in


Manesar in the Jul-Sep 2014 quarter, the category remained
over-supplied. While demand settled at 70 per cent, supply was
12 per cent higher at 82 per cent

Demand for residential houses increased by 5 per cent in the current


quarter to meet the supply in the segment. Demand was 8 per cent
while supply was stable in the last six months at 9 per cent

A healthy demand of 22 per cent was noted for plotted


developments. This was a drop of 7 per cent from the previous
quarter. Supply at 9 per cent fell short by 13 per cent

2 BHK
3 BHK

36

4 BHK & above


14

SUPPLY

Source: Magicbricks.com

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
1 BHK

42

10

A considerable increase was noted in the demand for smaller units


of 1 and 2BHK. While a rise of 11 per cent was noted in the 1BHK
category, demand for 2BHK units rose by 6 per cent

Supply of smaller units remained low as compared to demand. The


1BHK category saw almost negligible supply while availability of
2BHK units lagged by 28 per cent

Increase in demand for smaller units was reflected in the statistics


for 3BHK units, which witnessed a falling trend settling at
39 per cent, 15 per cent lower than the previous quarter. The
4BHK and Above category remained over-supplied by 12 per cent

17
67

DEMAND

BHK wise Analysis

Q1 Q2

65

14

At 13 per cent, properties in the upto Rs 40 lakh category saw a


bump up of 7 per cent in demand. Supply in the segment also inched
up to settle at 6 per cent

SUPPLY

BHK wise Analysis


Q1 Q2

9
9

Residential house

DEMAND

Supply followed a reverse trend. It saw a growth of 4 per cent in the


Rs 1-2 crore range and dropped by 8 per cent in the Rs 60-100 lakh
range in the current quarter

Property wise Analysis

Source: Magicbricks.com

29

6
SUPPLY

Property wise Analysis


Q1 Q2

Demand shifted towards properties priced at Rs 60-100 lakh from the


Rs 1-2 crore category in the Jul-Sep 2014 quarter. A rise of 8 per cent
was noted in demand for properties priced within Rs 60-100 lakh
while it dropped by 12 per cent for the Rs 1-2 crore range

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Source: Magicbricks.com

14

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

23

propindex.magicbricks.com

PROPINDEX - NOIDA-GHAZIABAD

NOIDA-GHAZIABAD

Editorial
Enough land, plenty of
activity and drivers
Greater Noida, located in the Gautam
Buddh Nagar district of Uttar Pradesh,
has abundant landat competitive
rates tooand good connectivity. This
has boosted the pace of real estate
development in this region.

Source: Magicbricks.com

The City Indices for both Noida and Ghaziabad, which was
stable in the previous quarter, rose by 1 per cent during the
Jul-Sep 2014 quarter. The Listed Price Monitor in Noida
remained unchanged while in Ghaziabad it registered a rise of
3 per cent in the current quarter.

Key Takeaways
Noida
l

The city witnessed an increase


in the availability of properties
for sale by over 10 per cent in the
last three months
Except Sector 44, all other
sectors noted a rise or a drop in
the average capital values
between minus 4 to plus 4 per
cent. This arrested the City
Index and kept the Listed Price
Monitor unchanged
Close to 60 per cent localities
recorded a change in average
rental values, ranging between
minus 6 to plus 5 per cent.
Sectors 50, 61, 62 and 82
continued to be the most
preferred areas for rent
Robust demand was seen for
properties Upto Rs 1 crore,
where demand exceeded supply
for properties worth
Rs 20-100 lakh by 4 per cent.
Properties above Rs 1 crore was
over-supplied by 8 per cent
Over 50 per cent demand was for
2BHK units, demand led supply
by 14 per cent. Larger housing
units (3BHK and above) were
oversupplied by 8-10 per cent

Ghaziabad
l

Over 75 per cent of localities


recorded a rise in capital values.
The minimum rise of 1 per cent
was seen in localities with
maximum supply such as
Indirapuram, Vaishali,
Vasundhara and Raj Nagar
Extension. This arrested the
growth of the City Index

Equal number of localities


posted a change in rental values
ranging between minus 4 to plus
4 per cent

Except for Crossings Republik,


the city recorded rental returns
over 2.5 per cent. Shakti Khand
offered maximum yield of 3.48
per cent and above

Demand for properties worth


Rs 40 lakh and above exceeded
supply across budget ranges.
Maximum gap of 10 per cent
was noted for Rs 40-70 lakh

Units of 2BHK continued to be


the most preferred, where
demand exceeded supply by
7 per cent. An inverse trend was
noted for 3BHK units, where
supply exceeded demand by
6 per cent

Rama Raman, the chairman and CEO


of Greater Noida Industrial
Development Authority (GNIDA), says:
Planned infrastructural development
has made Greater Noida one of the top
real estate hubs, in commercial and
residential sectors, in the NCR. The city
is close to central Delhi and Noida and
provides excellent residential solutions,
in all categories, to working people.
Besides, with a number of corporate
houses planning to open offices here,
the city will provide good employment
opportunities to residents. The city has
good connectivity with Noida,
Ghaziabad, Agra, Faridabad, and New
Delhi; every major road in the city is
wide with service lanes and with
impeccable planning, the fast
developing city is a role model for
urban development.
The authority is also planning world
class attractions like night safari,
transport hub, DMIC (Delhi Mumbai
Industrial Corridor) industrial and
investment zones, mega rail terminal.
The authority has also approved the
development of metro rail to connect
Greater Noida with other parts of the
NCR. In the last few years, the authority
has developed new residential zones
like Greater Noida West formerly
called Noida Extensionto provide
affordable housing to the middle class.
The area is also known for the world
class Golf Course by Jaypee Greens,
now central to the township.
Therefore, the city has housing options
available from Rs 2700 per sq ft to Rs
8000 per sq ft. As a number of
prestigious schools and technical
colleges have come up in the area, it
provides good options to end users. As
the other parts of NCR are becoming
over crowded, the Greater Noida is
likely to emerge as one of the most
favoured destinations for investors also
which is likely to witness handsome
returns on investments.
prabhakar.sinha@timesgroup.com
Editor Times Property Delhi NCR

NOIDA-GHAZIABAD

propindex.magicbricks.com

LISTED PRICE MONITOR - Noida

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

24

R E NT M ONIT OR - No id a

0%
Source: Magicbricks.com

Source: Magicbricks.com

Nearly 70 per cent of localities in Noida saw a rise in


capital values in the Jul-Sep 2014 quarter. The
increase was marginal and hence the Listed Price
Monitor remained unchanged

Most of the localities in Noida recorded a rise in


rental values in the Jul-Sep 2014 quarter. Rental
values in Sectors 29, 51 and 61 saw a rise of
5 per cent

Localities registering maximum rise of 3 per cent in


the capital values included Sectors 45, 78, 93A and
93B. Sectors 100 and 137 registered a rise of
2 per cent in the current quarter

Other localities which recorded a rise in rental


values included Sectors 19, 44 and 92. A rise of
4 per cent was noted in these localities

Rental values remained unchanged in Sectors 34, 50


and 82 in the current quarter

Sector 25 registered the maximum drop of 6 per cent


in rental values. Other localities which saw a drop
included Sectors 52, 62 and 93. A drop of 2 per cent
was noted in these three localities

Sectors 50, 82, 110, 119 and 134 registered a drop of


1-2 per cent in capital values in the city during the
Jul-Sep 2014 quarter
Property prices in Sectors 93 and 128 remained
unchanged in the present quarter

YIELD METER - Noida


Locality

Source: Magicbricks.com

The Magicbricks yield meter ranged from 2.04-3.43


per cent during the Jul-Sep 2014 quarter as
compared to the 1.78-3.42 per cent recorded in the
previous quarter

Similar to the previous quarter, Sector 92 recorded


the highest rental return of 3.43 per cent in Noida
in the current quarter

Average Rental
Value (Rs/sqft/mth)

Average Capital
Value (Rs/sqft)

Gross
Yield

Sector-50

17.50

7,650

2.75%

Sector-82

13.25

6,125

2.60%

Sector-62

15.25

6,325

2.89%

Sector-44

18.75

11,050

2.04%

Sector-61

17.00

7,475

2.73%

Sector-92

22.00

7,700

3.43%

Sector-93

15.50

7,400

2.51%

Sector-93B

17.50

7,675

2.74%

Sector-82

13.25

6,125

2.60%

Sector-29

16.50

7,925

2.50%

Sectors 50, 61, 62 and 93B were other localities that


offered healthy rental returns of 2.73-2.89 per cent
in the Jul-Sep 2014 quarter

Sector 44 saw the lowest rental yield of 2.04


per cent. The average capital values in the locality
is Rs 11,000 per sq ft, which is the highest among
all other localities tracked

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

propindex.magicbricks.com

25

NOIDA-GHAZIABAD

PREFERRED LOCALITIES - NOIDA


RENT

SALE
Locality
Sector-50

Rank
Q2 Q1
2
1

Capital
Values
7050 to 8700

%age
change
-2%

Rank
Q2 Q1
1
1

Locality
Sector-62

Rental
Values
14000 to 17500

%age
change
-2%

Sector-76

4800 to 5350

1%

Sector-50

16000 to 20000

0%

Sector-137

4850 to 5450

2%

Sector-82

12000 to 15500

0%

Sector-63

3700 to 4800

-10%

Sector-61

15500 to 19500

5%

Sector-78

5050 to 5850

3%

Sector-37

15500 to 19500

3%

Sector-62

5800 to 7250

1%

Sector-44

17000 to 22000

4%

Sector-100

5800 to 6750

2%

Sector-19

16000 to 25000

-10%

Sector-120

4950 to 5750

2%

Sector-93

14000 to 18000

-2%

Sector-73

2400 to 3250

-10%

Sector-52

10

15000 to 19000

-2%

Sector-110

10

5300 to 6300

-1%

Sector-120

10

11000 to 14000

-2%

Note: Q2 Jul-Sep 2014, Q1 Apr-Jun 2014

Source: Magicbricks.com

Sector 50 replaced Sector 76 as the most preferred


locality for sale in the Jul-Sep 2014 quarter. A drop of
2 per cent was noted in the capital values of the
locality in this quarter

Sector 137 held on to its third position in the list of


the top ten preferred localities for sale in the
Jul-Sep 2014 quarter

Sector 63 was the new entrant in the list. The capital


values in the locality saw a drop of 10 per cent

Sectors 78 and 62 dropped one position each to settle


at fifth and sixth slots respectively. The capital
values saw a rise of 3 per cent in Sector 78 while a
marginal increase of 1 per cent was noted in
Sector 62
l

Sector 100 inched up one slot to settle at the seventh


position in the current quarter

Sectors 73 and 110 were the new entrants in the top


ten preferred localities for sale

Note: Q2 Jul-Sep 2014, Q1 Apr-Jun 2014

Source: Magicbricks.com

The top four localities in the list of the top ten


preferred localities for rent remained unchanged in
the Jul-Sep 2014 quarter

Sectors 37 and 44 inched up one slot each from the


previous quarter to settle at the fifth and sixth
position, respectively. A rise of 3 per cent was noted
in Sector 37 while rental values increased by
4 per cent in Sector 44

Sector 19 was the new entrant in the top ten


preferred localities for rent. The locality saw a drop
of 10 per cent in rental values in the current quarter

Sector 93 slipped three positions to settle at the


eighth spot. The locality was positioned fifth in the
previous quarter

Sector 52 inched up one position to settle at the


ninth position while Sector 120 slipped two positions
to settle at the tenth slot. Capital values in both the
localities saw a drop of 2 per cent

Home in your Budget


Upto Rs 20 Lakh

Sector-110, Sector-121, Sector-150, Sector-144

Rs 20-40 Lakh

Sector-73, Sector-110, Sector-77, Sector-121

Rs 40-60 Lakh

Sector-137, Sector-74, Sector-134, Sector-118

Rs 60-100 Lakh

Sector-137, Sector-76, Sector-78, Sector-77, Sector-120

Rs 1 Crore & Above

Sector-50, Sector-104, Sector-78, Sector-128, Sector-44

Most of the properties in the


Upto Rs 20 lakh category was
found along the Noida-Greater
Noida Expressway in Sectors
110, 144 and 150

Sector 37 offered the maximum


supply of properties in the
budget range of Rs 40-100 lakh

Premium properties which


were priced at Rs 1 crore and
Above were found in Sectors
such as 44, 50, 78 and 104 in the
city during this quarter
Source: Magicbricks.com

NOIDA-GHAZIABAD

propindex.magicbricks.com

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

26

LISTED PRICE MONITOR - Ghaziabad

R E NT M ONIT OR - Gha zi abad

Source: Magicbricks.com

Source: Magicbricks.com

3%
l

Most of the localities in Ghaziabad saw a rise in


capital values in the Jul-Sep 2014 quarter. This also
led to an increase in Listed Price Monitor which
rose by 3 per cent in the current quarter

Dilshad Extension saw the maximum rise of


9 per cent in property prices in the current quarter
followed closely by Ram Prastha (8%)

Localities such as Surya Nagar, Sahibabad, Pratap


Vihar and Kaushambi recorded a rise of 5-6 per cent

Shakti Khand 3, Shalimar Garden Extension-1,


Govindpuram and Bhopura were few localities that
witnessed a drop in capital values in the current
Jul-Sep 2014 quarter

Y I E L D

Rental market of Ghaziabad remained positive in


the current quarter with most of the localities
witnessing a rise in values

Vaishali, Crossings Republik, Abhay Khand and


Ahinsa Khand-1 recorded the maximum rise of
4 per cent in rental values in the Jul-Sep 2014
quarter, while Neeti Khand 1 saw a rise of 2 per cent

Localities which recorded a drop in rental values


included Indirapuram, Raj Nagar Extension,
Shalimar Garden Extn-1 and Shakti Khand 3. The
drop in these localities ranged from 2-4 per cent

Rental values in Vasundhara and Kaushambi


remained stable in the current quarter

M E T E R

G h a z i a b a d
Locality

Source: Magicbricks.com

The Magicbricks Yield Meter ranged from 2.26-3.48


per cent in the Jul-Sep 2014 quarter as compared to the
2.27-3.01 recorded in the previous quarter

Neeti Khand 1 recorded healthy returns of 3.45 per cent.


Indirapuram which had witnessed the highest rental
yield in the previous quarter, recorded a yield of
2.93 per cent in this quarter

Average Capital
Value (Rs/sqft)

Gross
Yield

Indirapuram

12.75

5225

2.93%

Vaishali

13.25

5425

2.93%

Vasundhara

10.50

5000

2.52%

7.00

3725

2.26%

13.75

6325

2.61%

7.25

3175

2.74%

12.50

5775

2.60%

9.50

3975

2.87%

Shakti Khand 3

12.75

4400

3.48%

Neeti Khand 1

13.50

4700

3.45%

Crossings Republik
Kaushambi
Raj Nagar Extension
Ahinsa Khand-1
Shalimar Garden Extn-1

Average Rental
Value (Rs/sqft/mth)

Shakti Khand 3 replaced Indirapuram as the


locality with the highest rental yield of 3.48
per cent

Vaishali, Shalimar Garden Extn-1 and Raj


Nagar Extension recorded healthy rental
returns of 2.74-2.93 per cent. The rental returns
in Vaishali inched up marginally

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

propindex.magicbricks.com

27

NOIDA-GHAZIABAD

PREFERRED LOCALITIES - GHAZIABAD


RENT

SALE
Locality
Indirapuram

Rank
Q2 Q1
1 1

Capital
Values
4750 to 6100

%age
change
-2%

Capital
Rank
Values
Q2 Q1
1 1 11500 to 14500

Locality
Indirapuram

%age
change
-2%

Vaishali

4950 to 6300

4%

Crossings Republik

6500 to 8000

4%

Crossings Republik

3500 to 4150

4%

Vaishali

12000 to 15500

4%

Raj Nagar Extension

2950 to 3600

-3%

Vasundhara

9500 to 12000

0%

Vasundhara

4600 to 5700

0%

Raj Nagar Extension

6500 to 8500

-3%

Govindpuram

2350 to 3000

10%

Kaushambi

12500 to 16000

0%

Shalimar Garden Extn-1

3650 to 4550

-3%

Abhay Khand

12500 to 16000

4%

Kaushambi

5800 to 7300

0%

Sahibabad

6500 to 9500

-10%

Lal Kuan

2250 to 2900

0%

Pratap Vihar

9500 to 10000

10%

Pratap Vihar

10

3900 to 4850

10%

Mohan Nagar

10 10

9000 to 10500

-10%

Source: Magicbricks.com

Note: Q2 Jul-Sep 2014, Q1 Apr-Jun 2014


l

Similar to the previous quarter, the top two


localities in the list remained unchanged

Crossings Republik and Raj Nagar Extension


interchanged their position in the list. While
Crossings Republik inched up one position,
Raj Nagar Extension dropped one position

Note: Q2 Jul-Sep 2014, Q1 Apr-Jun 2014

Source: Magicbricks.com

The top six positions in the list of top ten preferred


localities for rent remained unchanged in the
Jul-Sep 2014 quarter

Rental values saw a rise of 4 per cent in Crossing


Republik and Vaishali, while Vasundhara witnessed
no change

Besides Indirapuram and Vaishali, Vasundhara and


Govindpuram maintained their position at the fifth
and sixth spot respectively

Indirapuram and Raj Nagar Extension on the other


hand saw a drop of 2-3 per cent in the present
quarter

Lal Kuan slipped two positions in the current


quarter to settle at the ninth spot

Shalimar Garden Extn-1 and Kaushambi moved up


one position each to settle at seventh and eighth
spot, respectively

Abhay Khand and Sahibabad were two new entrants


in the list of the top ten preferred localities for rent
in the current quarter. The rental values in
Sahihabad saw a drop of 10 per cent while in Abhay
Khand rental values increased by 4 per cent

Pratap Vihar was the new entrant in the list of the


top ten localities for sale in the Jul-Sep 2014 quarter.
The locality saw a rise of 10 per cent in capital
values and offered properties in the range of
Rs 3,900-4,850 per sq ft

Pratap Vihar dropped one position to settle at the


ninth slot. Rental values increased by 10 per cent

Mohan Nagar retained its tenth spot in the current


quarter as well. A drop of 10 per cent was noted in
the rental values in the locality

Home in your Budget


Upto Rs 20 Lakh

Lal Kuan, Ankur Vihar, GT Road, Govindpuram, Dasna

Rs 20-40 Lakh

Raj Nagar Extn, Shalimar Garden Extn-1, Ankur Vihar

Rs 40-70 Lakh

Indirapuram, Crossings Republik, Vaishali, Vasundhara

Rs 70-100 Lakh

Indirapuram, Vasundhara, Vaishali, Crossings Republik

Rs 1 Crore & Above

Indirapuram, Vaishali, Vasundhara, Kaushambi, Kavi Nagar

Indirapuram, Vaishali and


Vasundhara have properties
in a wide range, maximum
supply in the Rs 40-70 lakh,
Rs 70-100 lakh and Rs 1 crore
and Above categories

Affordable properties at below


Rs 20 lakh were found in Lal
Kuan, Ankur Vihar and
GT Road

Raj Nagar Extension had high


supply in the Rs 20-70 lakh
range in the city
Source: Magicbricks.com

NOIDA-GHAZIABAD

propindex.magicbricks.com

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

28

D E M A N D - S U P P LY A N A LY S I S -

Noida

Demand for properties worth Rs 60 lakh and Above saw a drop in the Jul-Sep 2014 quarter while
the supply remained more or less stable. The Rs 60-100 lakh category registered a drop of
8 per cent while Rs 100 lakh and Above category saw a drop of 7 per cent.
Smaller units (1 and 2BHK) remained under-supplied while larger units (3BHK and Above) saw an
over-supply. Demand (53%) for 2BHK apartments was maximum in the city while its supply was
39 per cent. Supply for 3BHK units led its demand by 8 per cent. An over-supply of 10 per cent was
noted in the 4BHK and Above category in the present quarter.
Budget wise Analysis

Budget wise Analysis - City Level


DEMAND

37
32

30

25

22

20

13

10

1
<20

16

6
20-40

40-60

60-100

Figures in percentage(%)

40

40

34 33

32 33

30
20

20
10
0

100 &
above

5 7
<20

18

9 9

20-40

40-60

60-100

Figures in Rs lakh

40
20
0

Figures in percentage(%)

Figures in percentage(%)

60

100

14 10

5 8
Apartment Residential House

87

80
60
40
20

8 9

5 7

Residential Plot

Apartment Residential House

36
32

20
7

11

1BHK

60
Figures in percentage(%)

40

SUPPLY
(Apr-Jun 2014)
(Jul-Sep 2014)

52 53

2BHK

3BHK

4BHK &
above

40

42
39

40

20

12

6 7

A drop of 4 per cent was registered


in the demand for residential plots
in the current quarter in Noida
while the supply saw a marginal
rise of 1 per cent

Similar to the previous quarter,


2BHK units were the most
preferred category with 53 per cent
demand. Its supply fell short of
demand by 14 per cent to stand at
39 per cent

Units of 3BHK were the most


supplied configuration. The
category saw 40 per cent supply,
while the demand for the same was
32 per cent, registering a mismatch
of 8 per cent

(Apr-Jun 2014)
(Jul-Sep 2014)

40

5 4

BHK wise Analysis - City Level

1BHK

2BHK

3BHK

14

4BHK &
above

Source: Magicbricks.com

Figures in percentage(%)

60

Demand for apartments improved


by 1 per cent, while supply for the
same dipped by 3 per cent in the
Jul-Sep 2014 quarter. A rise of
3 per cent was noted in the demand
for residential houses which stood
at 8 per cent. It was closely
matched by its supply at 7 per cent

Residential Plot

BHK Configuration - City Level


DEMAND

(Apr-Jun 2014)
(Jul-Sep 2014)

84

Source: Magicbricks.com

80

A similar trend was witnessed in


the Rs 100 lakh and Above category
where demand dropped by
7 per cent to stand at 25 per cent.
The category saw a 33 per cent
supply in the current quarter

Property wise Analysis

SUPPLY
(Apr-Jun 2014)
(Jul-Sep 2014)

Figures in Rs lakh

DEMAND
81 82

A drop of 8 per cent in the demand


of properties worth Rs 60-100 lakh
was noted in the Jul-Sep 2014
quarter. The supply for the same
was recorded at 33 per cent,
registering a mismatch of
4 per cent

100 &
above

Property wise Analysis - City Level


100

l
(Apr-Jun 2014)
(Jul-Sep 2014)

50

45

Source: Magicbricks.com

Figures in percentage(%)

50

SUPPLY

(Apr-Jun 2014)
(Jul-Sep 2014)

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

29

propindex.magicbricks.com

NOIDA-GHAZIABAD

DEMAND & SUPPLY - New Developing Sectors


A drop of 10 per cent was seen for the Rs 60-100 lakh category, with 43 per cent demand
closely followed by 41 per cent supply. Demand and supply for properties at Rs 20-60 lakh
was synonymous. Apartments saw 89 per cent demand and 92 per cent supply.
Smaller units (1 and 2BHK) were under-supplied while the larger units (3 and 4BHK) were
over-supplied. An under-supply of 11 per cent was noted for 2BHK units while the 3BHK
category was over-supplied by 12 per cent. Supply for 4BHK and Above category led its
demand by 4 per cent.
Budget wise Analysis

Budget wise Analysis


Q1 Q2

Q1 Q2

20

10

17

45
43

41

Rs <20 lakh
Rs 20-40 lakh

25

28

Rs 40-60 lakh
25

20
12
6
DEMAND

11
11
9
6
SUPPLY

Rs 60-100 lakh
Rs 1 crore and above

7
89

Q1 Q2
91

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Apartment
Residential house
Residential plot

DEMAND

36

Q1 Q2
6
44

7
41

54

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
1 BHK

42

42

2 BHK
3 BHK
4 BHK & above

6 13
DEMAND

The supply for Rs 20-40 lakh category remained stable at 11 per cent.
Its demand increased by 6 per cent and stood at 12 per cent. Supply
for Upto Rs 20 lakh was 9 per cent while its demand was 3 per cent in
the present quarter

A marginal dip of 1 per cent was noted in the demand of apartments


in the New Developing Sectors, while the supply rose by 1 per cent
in the Jul-Sep 2014 quarter. Demand for apartments stood at 89 per
cent while its supply was noted at 92 per cent

Residential houses recorded an almost corresponding demand (4%)


and supply (3%), where demand increased by 2 per cent and supply
dropped by the same in the current quarter

Demand for residential plots led its supply by 2 per cent. The
category saw 7 per cent demand and 5 per cent supply in the zone in
the current quarter

BHK wise Analysis

8 10
SUPPLY

Source: Magicbricks.com

56

30

SUPPLY

BHK wise Analysis


Q1 Q2

The Rs 40-60 lakh category saw corresponding demand and supply at


25 per cent, where demand increased by 5 per cent while the supply
dipped by 3 per cent in the Jul-Sep 2014 quarter

92
Source: Magicbricks.com

8
90

Property wise Analysis

Property wise Analysis


Q1 Q2

Demand for the Rs 60-100 lakh category dropped by 10 per cent in the
current quarter and stood at 43 per cent. It was closely followed by
supply at 41 per cent, a dip of 4 per cent from the previous quarter

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Source: Magicbricks.com

53

14

An under-supply of 12 per cent was noted for 2BHK units in the zone
in the Jul-Sep 2014 quarter. The category saw 54 per cent demand, a
dip of 2 per cent from the previous quarter, while its supply
remained unchanged at 42 per cent

Apartments of 3BHK saw an over-supply of 11 per cent in this zone


during the current quarter. The supply for the category was
41 per cent, while its demand was 30 per cent, a drop of 6 per cent
from the previous quarter

A rise of 7 per cent was noted in the demand of 1BHK units, which
stood at 13 per cent. The category saw 10 per cent supply in the
current quarter

NOIDA-GHAZIABAD

propindex.magicbricks.com

30

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

DEMAND & SUPPLY - Noida-Greater Noida Expressway


Similar to the previous quarter, Rs 60-100 lakh category saw highest demand in the zone
even though there was a drop of 6 per cent in the current quarter. Demand for the
category was 38 per cent while its supply was 32 per cent
Maximum demand was witnessed for 2BHK units while the supply was highest for the
3BHK category. The 2BHK units saw 45 per cent demand while its supply fell short of its
demand by 13 per cent. An over-supply of 8 per cent was noted for this segment. Supply
for 4BHK and Above category led its demand by 9 per cent in the current quarter
Budget wise Analysis

Budget wise Analysis


Q1 Q2

35

30

34

35

44

38

32

32

19

17

Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh

19
14

11
6
DEMAND

9
7
SUPPLY
10

Rs 60-100 lakh
Rs 1 crore and above

Q1 Q2

12

11

78

6
82

84

83

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Apartment
Residential house
Residential plot

DEMAND

6
40

7
39

16

47

47

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)

2 BHK
32

32

3 BHK
4 BHK & above

SUPPLY

Source: Magicbricks.com

16

45

9
7
DEMAND

Supply for the Rs 40-60 lakh category was 19 per cent, a rise of
5 per cent in the present quarter, while its demand was 17 per cent.
The Rs 20-40 lakh category saw 11 per cent demand and 9 per cent
supply in the current quarter

While the supply of apartments rose marginally by 1 per cent, its


demand increased by 4 per cent in the Jul-Sep 2014 quarter. The
category saw 82 per cent demand followed closely by supply at
83 per cent

A drop of 7 per cent was recorded in the demand of residential plots


in the Jul-Sep 2014 quarter. The category recorded a demand of
12 per cent. On other hand, supply saw a rise of 2 per cent to stand at
13 per cent

Supply for residential houses increased by 3 per cent in the present


quarter and stood at 6 per cent. Supply for the same was 4 per cent

BHK wise Analysis

Q1 Q2

1 BHK
47

Demand for the Rs 100 lakh and Above category saw a drop of
5 per cent and stood at 30 per cent. Supply for the same increased
marginally by 1 per cent to stand at 35 per cent

SUPPLY

BHK wise Analysis


Q1 Q2

13
Source: Magicbricks.com

19

While the supply remained stable for the Rs 60-100 lakh category in
the Jul-Sep 2014 quarter, demand for the same dropped by 6 per cent.
The category saw 38 per cent demand and 32 per cent supply

Property wise Analysis

Property wise Analysis


Q1 Q2

l
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Source: Magicbricks.com

Q1 Q2

A mismatch of 13 per cent was noted in the demand and supply for
2BHK units in the zone in the current quarter. While the category
saw 45 per cent demand, its supply was 32 per cent

An over-supply of 8 per cent was registered in 3BHK units. The


category registered 47 per cent supply while the demand was
39 per cent in the current quarter

A similar trend was witnessed in the 4BHK and Above category


where supply led demand by 9 per cent. The category recorded
7 per cent demand and 16 per cent supply. Units of 1BHK saw an
undersupply of 4 per cent in the present quarter

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

31

propindex.magicbricks.com

NOIDA-GHAZIABAD

DEMAND & SUPPLY - Old Noida


Gap between demand and supply of 2BHK units in Old Noida widened in the current
quarter. An under-supply of 35 per cent was noted in the category as compared to the
26 per cent in the previous quarter. Demand and supply for 3BHK units was equal while
an over-supply of 43 per cent was noted in the 4BHK and Above category.
Demand was high for the Rs 60-100 lakh category while supply was more for properties
worth Rs 100 lakh and Above. A rise of 12 and 15 per cent was noted in the demand for
Rs 20-40 lakh and Rs 40-60 lakh categories respectively, in the current quarter
Budget wise Analysis

Budget wise Analysis


Q1 Q2

Q1 Q2

57

72

28

77

Rs 40-60 lakh

24

17
9

16

DEMAND

Rs 60-100 lakh
14

Rs 1 crore and above

Source: Magicbricks.com

Rs 20-40 lakh
29

Q1 Q2

12

10

18

16

12

16

20

38

76

74

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Apartment

62
46

Residential house
Residential plot

Q1 Q2

Q1 Q2

7
41

40

Demand for the Rs 40-60 lakh category was 24 per cent while its
supply was merely 3 per cent. A similar mismatch was observed in
the Rs 20-40 lakh category, where demand was 4 per cent

A mismatch of 28 per cent was registered in the apartment category.


While the demand stood at 74 per cent, a drop of 2 per cent from the
previous quarter, its supply was 46 per cent. Supply for the same
dipped by a significant 16 per cent in the current quarter

Residential houses and plots saw an over-supply. Supply for houses


registered an increase of 18 per cent while demand rose by
4 per cent in the present quarter. The category saw 38 per cent
demand and 16 per cent supply

Both demand and supply for plots dipped by 2 per cent over the
previous quarter. The category noted 16 per cent demand and
10 per cent supply

BHK wise Analysis

32

2 BHK
3 BHK

22

18

10
SUPPLY

4 BHK & above

Source: Magicbricks.com

1 BHK
35

While the supply of 1BHK units remained stable at 3 per cent, its
demand increased by 6 per cent and stood at 10 per cent

A mismatch of 25 per cent was noted in the demand and supply of


2BHK units. The category saw 18 per cent supply, a drop of
4 per cent from the previous quarter, while its demand increased by
5 per cent and stood at 53 per cent in the current quarter

Demand (33%) and supply (32%) for 3BHK units was almost
corresponding in the zone. An over-supply of 43 per cent was
witnessed in the 4BHK and Above categories. The category saw
47 per cent supply while its demand was merely 4 per cent

47
Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)

48

DEMAND

SUPPLY

BHK wise Analysis

53

The Rs 60-100 lakh category emerged as the preferred category with


31 per cent demand. Supply for the same was insufficient at
14 per cent

Property wise Analysis

Source: Magicbricks.com

Q1 Q2

33

SUPPLY

Property wise Analysis

DEMAND

Maximum supply of 77 per cent was noted for the Rs 100 lakh and
Above category in Old Noida. However, demand fell short of its
supply by 49 per cent. The category saw a drop of 29 per cent in
demand in the present quarter

Q1 (Apr-Jun 2014)
Q2 (Jul-Sep 2014)
Rs <20 lakh

31

NOIDA-GHAZIABAD

propindex.magicbricks.com

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

32

D E M A N D - S U P P LY A N A LY S I S -

Ghaziabad

Rs 40-70 lakh category was most preferred in Ghaziabad, as in the previous quarter. Supply fell
short of its demand by 10 per cent in the present quarter. Similar mismatch in demand and supply
was observed in all other categories
An under-supply of 7 per cent was noted in 2BHK units. While demand for 2BHK category stood at
54 per cent, its supply was 47 per cent. An over-supply of 6 per cent was witnessed in the 3BHK
category. Supply for the 4BHK and Above category led its demand by 3 per cent. Demand for
residential houses saw a rise of 6 per cent, while supply was marginal at 2 per cent
Budget wise Analysis

Budget wise Analysis - City Level


DEMAND

SUPPLY
(Apr-Jun 2014)
(Jul-Sep 2014)

42 43

30

22

21

20

20

19

16

15

10
0

1 1
<20

20-40

40-70

70-100

40

36

33

36

33

30
20
10
0

100 &
above

12 13

11

<20

20-40

40-70

Figures in Rs lakh

70-100

10

100 &
above

Source: Magicbricks.com

Figures in percentage(%)

40

DEMAND

60
40
20

12

Apartment Residential House

100
Figures in percentage(%)

(Apr-Jun 2014)
(Jul-Sep 2014)

80

92

80
60
40
20

Residential Plot

7 10

1 2
Apartment Residential House

DEMAND

15

60
Figures in percentage(%)

(Apr-Jun 2014)
(Jul-Sep 2014)

54

28 28

12

40

1 BHK

2 BHK

3 BHK

4BHK &
above

35 34

20
12 13
5 6

1 BHK

2 BHK

Though the demand for 2BHK


units dropped by 3 per cent in the
current quarter, it still remained
under-supplied. While demand
stood at 54 per cent, supply was
47 per cent

Demand for 3BHK units remained


unchanged at 28 per cent while
supply for the same saw a marginal
drop of 1 per cent. An over-supply
of 3 per cent was noted in the
4BHK and Above category

(Apr-Jun 2014)
(Jul-Sep 2014)

48 47

3 3

Demand for residential houses


increased by 6 per cent and stood at
8 per cent. Supply for the same was
negligible at 2 per cent. Demand
and supply for residential plots
remained almost similar. A drop of
3 per cent was seen in the demand
for plots while supply saw a rise of
3 per cent

BHK wise Analysis - City Level


SUPPLY

40

20

Residential Plot

3 BHK

4BHK &
above

Source: Magicbricks.com

Figures in percentage(%)

57

Both demand and supply of


apartments in Ghaziabad saw a
drop - demand by 3 per cent and
supply by 4 per cent

(Apr-Jun 2014)
(Jul-Sep 2014)

88

BHK Configuration - City Level


60

SUPPLY

83

Demand for Rs 70-100 lakh and


Rs 100 lakh and Above categories
saw a drop of 3-4 per cent in the
current quarter while the supply
for both the categories rose
marginally by 1 per cent

Property wise Analysis

Source: Magicbricks.com

Figures in percentage(%)

86

Figures in Rs lakh

Property wise Analysis - City Level


100

The Upto Rs 40 lakh category


remained over-supplied while
properties above Rs 40 lakh were
under-supplied in the current
quarter. A gap of 10 per cent was
noted in the demand and supply of
the Rs 40-70 lakh category

(Apr-Jun 2014)
(Jul-Sep 2014)

50
Figures in percentage(%)

50

ANNExURES

DELHI

propindex.magicbricks.com

34

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

DELHI

CAPITAL VALUES LOCALITY WISE


Average Listed Residential Apartment Prices
Locality

Capital Values
(Rs/Sq feet)

Locality

Capital Values
(Rs/Sq feet)

Alaknanda

14000 to 17400

Indraprastha Extn

10650 to 13550

Anand Niketan

28600 to 37200

Janakpuri

11550 to 14950

Aya Nagar

3450 to 4350

Jangpura Extn

18100 to 23500

Chattarpur

4250 to 5400

Kailash Colony

16250 to 21750
13050 to 17000

Chittaranjan Park

14350 to 18300

Kalkaji

Defence Colony

27000 to 35050

Khanpur

3500 to 4400

Dilshad Garden

6900 to 9650

Lakshmi Nagar

5900 to 7650

Dwarka

7850 to 9900

Mahavir Enclave

4850 to 5850

Dwarka Mor

4200 to 5450

Malviya Nagar

10650 to 13600

Mayur Vihar Ph-I

11700 to 15350

Dwarka Sector-2

8650 to 10300

Dwarka Sector-3

7850 to 9700

Mehrauli

Dwarka Sector-4

8200 to 9900

Moti Nagar

12300 to 14500

Dwarka Sector-5

8350 to 10050

New Friends Colony

19200 to 25600

Dwarka Sector-6

8550 to 10300

Pamposh Enclave

21050 to 26250

Dwarka Sector-7

8250 to 10000

Panchsheel Enclave

20450 to 26300

Dwarka Sector-8

6800 to 8500

Panchshila Park

21450 to 28200

Dwarka Sector-9

8150 to 9900

Paschim Vihar

10100 to 12600

Dwarka Sector-10

8450 to 10250

Patparganj

11000 to 13500

Dwarka Sector-11

8950 to 11050

Pitampura

11200 to 14600

Dwarka Sector-12

8400 to 10400

Rohini Sector-9

11550 to 14400

Dwarka Sector-13

8000 to 9800

Rohini Sector-24

Dwarka Sector-18

8550 to 10250

Dwarka Sector-18B

8100 to 9800

Dwarka Sector-19

3550 to 4750

7400 to 9150

Safdarjung Dev. Area

24250 to 31150

Safdarjung Enclave

19450 to 24850

8550 to 10400

Saket

16250 to 20750

Dwarka Sector-22

8700 to 10500

Sarita Vihar

Dwarka Sector-23

8550 to 10450

Sarvapriya Vihar

19100 to 23850

9850 to 12400

East of Kailash

16100 to 20550

Sarvodaya Enclave

18800 to 23550

Geetanjali Enclave

18950 to 24500

Shivalik

15850 to 19550

Greater Kailash

17700 to 23300

South Extn-II

17200 to 22250

Greater Kailash I

17300 to 22100

Uttam Nagar

3850 to 4950

Greater Kailash II

17950 to 22900

Vasant Kunj

13100 to 16800

Green Park

18500 to 23600

Vasant Kunj Sector-D

12850 to 16400

Gulmohar Park

26100 to 33900

Vasant Vihar

26600 to 36000

Hari Nagar

7150 to 8800

Hauz Khas

19600 to 25100

Vasundhara Enclave

9600 to 11600

Vikaspuri

9150 to 11550
Source: Magicbricks.com

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

35

propindex.magicbricks.com

GURGAON

GURGAON

CAPITAL VALUES LOCALITY WISE


Average Listed Residential Apartment Prices
Locality

Capital Values
(Rs/Sq feet)

Locality

Ardee City

6600 to 8200

Sector-70

5550 to 6450

Dlf City Phase I

9250 to 11750

Sector-70A

5650 to 6850

Dlf City Phase II

10500 to 13600

Sector-71

5900 to 6450

Dlf City Phase IV

11250 to 13150

Sector-72

7100 to 8250

Dlf City Pahse V

12600 to 14250

Sector-73

4550 to 5100

Dwarka Expressway

4700 to 6200

Sector-77

4650 to 5200

Golf Course Extn Road

7700 to 9650

Sector-78

5200 to 6600

12100 to 14900

Sector-79

4950 to 6150

7450 to 9050

Sector-81

5000 to 5900

10850 to 13000

Sector-82

4650 to 6200

7600 to 9450

Sector-83

4950 to 6050

8500 to 10100

Sector-84

4050 to 4800

Palam Vihar

7300 to 9250

Sector-85

4300 to 5100

Sector-33

7450 to 8600

Sector-86

3750 to 4550

Sector-37C

3950 to 4800

Sector-89

4650 to 5350

Sector-37D

4150 to 5050

Sector-90

4100 to 4950

Sector-43

8050 to 10150

Sector-91

3750 to 4450

Sector-46

6750 to 9150

Sector-92

3800 to 4900

Sector-47

7850 to 10100

Sector-102

4850 to 6050

Sector-48

8700 to 10600

Sector-103

3900 to 4700

Sector-49

8350 to 10150

Sector 104

6500 to 8100

Sector-50

8800 to 10700

Sector-106

5050 to 5800

Sector-51

7550 to 9300

Sector-107

4600 to 5550

Sector-52

6150 to 8200

Sector-108

5400 to 6300

Sector-54

10700 to 14200

Sector-109

5550 to 6850

Sector-56

7250 to 8850

Sector-110A

5900 to 6750

Sector-57

7500 to 9350

Sector-111

5350 to 7650

Sector-58

10600 to 11800

Sohna

3650 to 4550

Sector-61

8250 to 8950

Sohna Road

7650 to 9900

Sector-65

6450 to 8050

South City I

9350 to 12500

Sector-66

7600 to 8850

South City II

7250 to 9600

Sector-67

6900 to 8400

Sushant Lok

8150 to 11000

Sector-68

4700 to 6300

Sushant Lok I

8500 to 11100

Sector-69

5800 to 6600

Sushant Lok III

7200 to 9000

Golf Course Road


Gurgaon - Faridabad Road
MG Road
Malibu Town
Nirvana Country

Source: Magicbricks.com

NOTE
Old Gurgaon: Sec-2 to 24
Sohna Road: Sec-68 to 80

Capital Values
(Rs/Sq feet)

New Gurgaon: Sec-25 to 57


New Developing Sectors: Sec-81 to 95

Golf Course Extn : Sec-58 to 67


Dwarka Expressway: Sec-99 to 115

NOIDA-GHAZIABAD

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36

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

NOIDA-GHAZIABAD

CAPITAL VALUES LOCALITY WISE


Average Listed Residential Apartment Prices
Locality

Capital Values
(Rs/Sq feet)

Locality

Capital Values
(Rs/Sq feet)

NOIDA
Sector-29

7450 to 8800

Sector-143

4200 to 4750

Sector-34

7150 to 8400

Sector-143 B

4200 to 4750

Sector-44

9700 to 13450

Sector-150

4350 to 5050

Sector-45

5800 to 6700

Sector-151

3200 to 3650

Sector-46

5050 to 5400

Sector-168

4750 to 5250

Sector-50

7050 to 8700

Sector-51

6800 to 8250

GHAZIABAD

Sector-61

7050 to 8250

Abhay Khand

5250 to 6400

Sector-62

5800 to 7250

Ahinsa Khand-1

5350 to 6550

Sector-70

5100 to 6000

Ankur Vihar

2700 to 3250

Sector-73

2400 to 3250

Bhopura

3000 to 3550

Sector-74

4800 to 5400

Crossings Republik

3500 to 4150

Sector-75

4500 to 5150

Dlf Dilshad Extn

3250 to 4100

Sector-76

4800 to 5350

Govindpuram

2350 to 3000

Sector-77

5250 to 5750

Gyan Khand

4250 to 5350

Sector-78

5050 to 5850

Gyan Khand 1

4150 to 5100

Sector-79

4250 to 4750

Gyan Khand 2

4200 to 5300

Sector-82

5700 to 6850

Indirapuram

4750 to 6100

Sector-93

6700 to 8650

Indraprastha Yojna

2950 to 3200

Sector-93A

7150 to 9400

Kaushambi

5800 to 7300

Sector-93B

7250 to 8450

Lal Kuan

2250 to 2900

Sector-100

5800 to 6750

Mohan Nagar

4400 to 5250

Sector-104

7400 to 8400

Neeti Khand 1

4400 to 5200

Sector-107

5350 to 6450

Niti Khand-Indirapuram

4400 to 5600

Sector-110

5300 to 6300

Pratap Vihar

3900 to 4850

Sector-117

4200 to 4950

Raj Nagar Extn

2950 to 3600

Sector-118

4050 to 4400

Rajendra Nagar

4150 to 5300

Sector-119

4500 to 5350

Ram Prastha

6150 to 7500

Sector-120

4950 to 5750

Sahibabad

3700 to 5000

Sector-121

4400 to 5350

Shakti Khand

4550 to 5550

Sector-128

6300 to 8200

Shakti Khand 3

4150 to 4900

Sector-129

4550 to 5100

Shakti Khand 4

4650 to 5650

Sector-131

4800 to 5700

Shalimar Garden Extn-1

3650 to 4550

Sector-133

4200 to 4750

Shalimar Garden Extn-2

3850 to 4700

Sector-134

4100 to 4650

Surya Nagar

6600 to 8850

Sector-135

4250 to 4800

Vaishali

4950 to 6300

Sector-137

4850 to 5450

Vasundhara

4600 to 5700
Source: Magicbricks.com

NOTE
Old 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 122
Noida Greater Noida Expressway: Sec-44 to 48, Sec-81 to 88, Sec-92 to 110 and Sec-124 to 168

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

37

propindex.magicbricks.com

POLICY PERSPECTIVE

POLICY PERSPECTIVE
DELHI

NOIDA

DDA relaxes conversion norms

Nod to 10% circle rate hike in Noida

In a major relief to property owners in the city, DDA has


further liberalised conversion norms. As per the new rules,
even properties without a sanctioned building plan can be
converted from leasehold to freehold. Earlier, DDA considered
only those properties for conversion which had a sanctioned
building plan. Those without a sanctioned building plan will
have to submit an affidavit stating that a sanctioned building
plan is not available, a copy of the building planas
per building byelawsfrom a registered architect and a copy
of the house tax assessment order or electricity connection
order. In case documents submitted by the property owner are
found incorrect, then DDA can cancel the conveyance deed
without any notice.

New circle rates in Noida and Greater Noida have come into
force from August 1, 2014 with the district administration
approving a 10 per cent hike in the residential category for
registration of plots. Commercial properties saw a
2 per cent hike, with the exception of Sectors 18 and 38A,
where a 17 per cent hike has been approved. For institutional
properties, the circle rates increased by 10 per cent. There are
five categories of residential sectors in Noida. The circle rates
in these sectors range from Rs 35,000-86,000. In the flats
category, circle rates are evaluated as per the services
provided by the developer in a residential society.

n The Times of India, Delhi/NCR

Steep 20% hike in circle rates for Delhi properties


At a time when the real estate market is in a slump, Delhi
government has notified a revised circle rate regime that is
20 per cent higher than the existing rate structure across the
municipal valuation colony categorisation from A to H. Circle
rates, the minimum valuation at which a property can be
registered, have also been revised upwards for apartments.
The rise in circle rates directly impacts the stamp duty, which
will pinch the pockets of buyers ultimately and further push
down the buyers sentiments in the Delhi realty market.
n Magicbricks Bureau

n The Times of India, Delhi/NCR

Noida plans a double-decker elevated road


In a bid to reduce travel time between Delhi and Ghaziabad,
the Noida Authority wants to build a double-decker elevated
road from Sector 63 towards NH-24 and has sought an NOC (no
objection certificate) from the National Highways Authority of
India (NHAI). The starting point of the double-decker elevated
road will be at Chijarsi village in Sector 63. It will circle over
NH-24 and provide exit and entry points from Delhi,
Ghaziabad, Bulandsahar and Meerut. Officials said that they
expect the elevated road to be built at a cost of Rs 700 crore.
Once in place, the project will connect to the underconstruction Faridabad-Noida-Ghaziabad (FNG) Expressway.
n Magicbricks.com Bureau

GURGAON

GHAZIABAD

MCG clears Rs 20 crore infrastructure projects

Rs 16 crore infra projects for Ghaziabad

Municipal Corporation of Gurgaon clears big ticket


infrastructure projects. The finance and contract committee
headed by the mayor cleared development projects worth over
Rs 20 crore. According to the mayor, Vimal Yadav, most of this
amount will be spent on constructing bus queue shelters,
community centres, roads, sewer lines and water lines in
various parts of the city. The authority has already allotted
tenders for 26 projects. The works include constructing two
slip roads near the Atul Kataria Chowk and eight bus queue
shelters. The chowk witnesses a lot of traffic as this route is
frequently used to reach the old city. Once these slip roads are
made, it will ease traffic to a large extent.

Ghaziabad Municipal Corporation will undertake


infrastructure projects worth Rs 16.09 crore in the city, funds
for which will be made available by the states 13th finance
commission. Projects include a state-of-the-art plant in the
city to convert polythene waste into diesel products, to be set
up at a cost of around Rs 2.4 crore. It will be the first of its
kind in UP, said officials. The projects also include works
pertaining to water purification and supply, sewage disposal,
waste collection and disposal. Waste generated in the city will
be disposed in accordance with the system set up through this
project, till a permanent solid waste management plan is
implemented in Ghaziabad.

n The Times of India, Delhi/NCR

n The Times of India, Delhi/NCR

Unique IDS to track house tax payments in Gurgaon

GDA launched Madhuban Bapudham Scheme 2014

Soon property owners in the city will get a unique ID and


password each to keep track of the property tax paid by them.
The scheme, conceptualised by MCG, will also help the
corporation to keep tabs on the amount of property tax
generated, officials said. During a routine exercise,
authorities found that around Rs 70 crore of property tax
collected was unaccounted for. Thus, in order to bring in
transparency and to maintain records, the MCG has taken this
initiative. This facility is likely to be rolled out soon. The
authority is also planning to make a payment gateway so that
owners can pay tax through the MCG website itself.

In the last quarter, Ghaziabad Development Authority (GDA)


launched two flat schemes; the first scheme of 643 leftover
flats in Siddharth Vihar Yojna, Ghaziabad and the second
scheme is launched by the Ghaziabad Development Authority
in Madhuban Bapudham & Indraprastha Awasiya Yojna.
There are a total of 1120 flats available, 96 MIG in GDA
Madhuban Bapudham flat scheme 2014 and 1024 EWS flats in
Indraprastha Awasiya Yojna. The tentative cost of a MIG flat
is Rs 19.40-24.30 lakh and Rs 5.85-6.67 lakh for an EWS flat. For
this, GDA has decided to receive applications for all future
housing schemes through the online mode.

n The Times of India, Delhi/NCR

n Magicbricks.com Bureau

POLICY PERSPECTIVE

propindex.magicbricks.com

38

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

POLICY PERSPECTIVE
MUMBAI

AHMEDABAD

More FSI for Mumbai real estate before elections

Ahmedabad to see infra up-gradation

The state government in Maharashtra has been allotting more


FSI to real estate projects. They have cleared a hike in FSI for
re-development of slums along Mumbais airport land, for all
commercial buildings proposed in the notified airport area,
for exhibition and convention centres and for re-development
of Navi Mumbais old buildings and Thanes slums. Rules
have also been altered to allow more incentives to developers
taking up cluster re-development schemes in South Mumbai.
The government has taken off Chemburs heritage tag to
make way for more high-rises. Also, Chavan has sanctioned
changes in inclusive housing norms so as to exempt
developers from the mandatory provision of reserving a
percent of their projects for low-income groups.

AMC has decided that road re-surfacing projects in the city


will begin soon. The chairman of the road and building
department, Kantibhai Patel, said that the AMC will take up
re-surfacing of the roads on priority basis. The department
has cleared the plan to lay drainage lines as well, including
storm water drainage in the new west zone. In addition, the
committee has cleared a proposal for storm water drainage in
Ghatlodiya and Chandlodiya. The AMC has also approved
seven road re-surfacing tenders. Among these is one for the
2 km road in Chandkheda. The re-surfacing of the road
connecting Chanakyapuri to SG Road has got the green light.

n The Times of India, Mumbai

Government take steps to streamline land deals


Land disputes are common in a fast-growing economy but
Maharashtra government has been able to bring clarity over
property and tenancy rights by strengthening revenue
administration. The state government held special camps to
issue various certificates such as domicile, income, caste and
senior citizens certificates. Commenting on this, the state
chief minister Prithviraj Chavan said, In order to do away
with the uncertainty and delay in carrying out measurement
of land, E-Mojni an online land measurement system has been
implemented across nearly 300 talukas in the state.
n The Times of India, Mumbai

n The Times of India, Delhi/NCR

Gujarat signs three pacts with China


A high-level delegation from China that accompanied
President Xi Jinping to Ahmedabad signed three Memoranda
of Understanding (MoUs) with India in the presence of Prime
Minister Narendra Modi. The three pacts, signed within hours
of Xi's arrival, will focus on boosting trade and investment
between the two countries. The agreements include one
between China Development Bank and Industrial Extension
Bureau of Gujarat government for developing industrial
parks in the state to facilitate more Chinese investments.
Chinese investors will set up units in the industrial park. This
will boost employment in the city, thus expected to impact the
real estate market.
n Magicbricks.com Bureau

PUNE

KOLKATA

Rs 18 crore water plan for Hinjewadi gets state's nod

Several pacts signed during Mamata's Singapore visit

The state government has approved a project worth Rs 17.86


crore for augmenting water supply to Hinjewadi. The decision
comes a month after residents of the area staged a protest
demonstration against the inadequate water supply by the
Gram Panchayat. As per sources, about 40,000 residents will
benefit from the project, which is expected to be completed by
December next year. The main source of water will be the
Kasarsai dam, about 11km from the village. The government
has asked the Maharashtra Jeevan Pradhikaran, the zilla
parishad and the village panchayat to complete the project
within the set time.

Three major agreements were signed during West Bengal


Chief Minister Mamata Banerjee's visit to Singapore. The
meeting was aimed at attracting investments for the state. The
Singapore-based GIC-invested PE fund and city-based realtor
Hiland Group signed an agreement worth about Rs 200 crore
in the Calcutta Riverside Development project. The project is
near the metropolis. Another pact was also signed for a food
park, Axsys Technologies and Compass Energy Pte Ltd of
Singapore, which entered into a pact for solutions in ship
building and oil and gas exploration. This is expected to
generate jobs and is likely to impact demand for housing.

n The Times of India, Pune

n The Times of India, Delhi/NCR

PMC to identify quarries to dump construction debris

Smart New Town to grow vertically

With construction work in the city having picked up over the


years, along with renovations of flats and other properties,
debris is being dumped recklessly. Thus, the Pune Municipal
Corporation (PMC) will reserve quarries for dumping
construction debris while identifying the land-filling process.
Activists have often stressed that if PMC wants to check
further degradation of water bodies, land, public spaces and
green areas in the city, it has to look for immediate solutions
to re-cycle and re-use construction and demolition (C&D)
waste. Activists have repeatedly brought it to the notice of the
civic body that rivers and nullahs are choking because of
unbridled dumping by developers.

The government plans to develop smart cities and townships


across the state with high-density vertical buildings and
adequate green area. The New Town Kolkata Development
Authority (NKDA) has already started following the model for
Rajarhat New Town. An NKDA official said they are trying to
showcase New Town as the Singapore of Kolkata. The state
government has already come up with a new urban policy that
relaxes Floor Area Ratio (FAR) to make way for buildings with
larger space. According to the policy, 15 per cent additional
FAR will be allowed for mass housing, IT complexes and mega
commercial housing complexes.

n Magicbricks.com Bureau

n Magicbricks.com Bureau

VOL4, ISSUE 2; JUL-SEP, FY 2014-15

39

propindex.magicbricks.com

POLICY PERSPECTIVE

POLICY PERSPECTIVE
CHENNAI

BANGALORE

Roads in Chennai may be relaid in concrete in 2 years

Tech solution to end fraud land deals in Karnataka

Almost all roads in the city, including arterial stretches such


as Poonamallee High Road and bus route roads in areas like
Nungambakkam and Kodambakkam, could be re-laid with
concrete in two years if things go according to the
corporation's plan. The project that will involve replacing
black-topped roads with concrete over a total of 441km is
expected to cost around Rs 1,600 crore. Although the monsoons
do not have a major impact on the Chennai real estate market
on the lines of Mumbai or Pune, but the initiative is looked
upon to avoid the water logging woes during monsoons.

The number of unauthorised layouts and fraud property


transactions has shot up alarmingly in the state, particularly
in the rural areas. Thus, the government has integrated the
software of two departments to avoid fraud transactions.
Middlemen trying to commit fraud will now have to hit the
wall at the sub-registrars office. Kaveri (Karnataka Valuation
and e-Registration) software of Karnataka Stamps and
Registration department has been integrated with E-Swathu
property software of the Urban Local Bodies (ULB) attached to
the Panchayat Raj and rural development department. This
will provide information to sub-registrars about properties
listed in the ULBs to verify.

n The Times of India

Soon you can park, shop at Chennai metro stations


Commuters will very soon be able to drive into Alandur Metro
Station, park and shop at a two-floor 1.18 lakh sq ft complex at
the back of the station before boarding a metro train. In less
than a year, Chennai Metro Rail Ltd (CMRL) plans to turn five
elevated stations into commercial hubs where people in the
neighbourhood can converge for an evening of shopping,
movies and dining out. With six months to go for
commissioning of the Koyambedu-Alandur Elevated Line,
CMRL plans to build a two to nine-floor buildings to rent or
lease to set up malls, retail stores and other establishments at
Alandur, Ekkattuthangal, Arumbakkam and CMBT stations.
Additional floors will also be built at Ashok Nagar station.
n The Times of India

n The Times of India

State government makes buying farmland easier


Karnataka government has made life a lot easier for investors
by doing away with the need of getting farmland converted for
industrial use after a project is approved by the government.
The agriculture land, where an investor has proposed a
project, is deemed converted once it is cleared at the highest
level. This will open up the flood-gates for good industrial
development. A committee chaired by the chief minister
clears investment proposals above Rs 50 crore, those below
that are approved by a single-window committee, headed by
the chief secretary. The relief is applicable to educational,
housing and green-house projects as well as places of worship.
n Economic Times

HYDERABAD

COIMBATORE

Nod to single window system in Hyderabad

Kovai infra gets Rs 2,000 crore boost

The Chief Minister of Telangana K Chandrasekhar Rao


recently announced the single window clearance system to
give all clearances for real estate projects. This is expected to
have a direct impact on not only the developers but also an
equally important bearing on buyers as well. As delay in a
project increases the cost by 30-40 per cent, which wires down
to the pockets of buyers at the end, the single window
clearance will streamline the process of approvals for real
estate projects which is expected to lead to faster delivery. He
also announced the withdrawal of Non-Agricultural Land
Assessment (NALA) tax imposed on the real estate firms.

In August, the state government announced several projects


worth over Rs 2,000 crore for infrastructure development in
Coimbatore city. The projects include 2,912 houses for the
homeless to be built at a cost of Rs 443.6 crore, underground
drainage and storm water drains in extended areas of the city
corporation at an estimated cost of Rs 1,555 crore and a
Rs 125 crore new integrated bus terminus. These projects are
in continuation of various infrastructure schemes
undertaken in the past three years keeping in mind the
growing population of Coimbatore. Healthcare and sanitation
are also the thrust areas in the latest announcement.

n The Times of India

n The Times of India

KCR announces world-class roads, corridors

CC seeks Rs 100 cr to boost drinking water supply

The state government, recently announced world-class roads


up to a length of 1,000 km at an investment of Rs 10,000 crore,
two corridors connecting the four corners of Hyderabad and
four lakh LED street lights in Hyderabad. The roads to a
length of 500 km would be completed in two years and the
remaining 50 per cent would be done in another two years, an
east-west four-lane corridor (skyway) would also be developed
between Vanasthalipuram and Ramachandrapuram and a
corridor will be developed between north and south. The
Outer Ring Road would also be developed in addition to the
existing one, with satellite townships and specialised clusters
like pharma, sports, health and cinema cities.

The supply of drinking water in the city is likely to get a boost


if the state government clears the Rs 100 crore proposal to
construct separate water tunnels for the Pilloor II scheme.
The Coimbatore Corporation (CC) council passed a resolution
to seek state government funds worth Rs 100 crore to make the
Pilloor II scheme more efficient. They plan to construct two
separate tunnels, one through the Periyakombai Mountains
through which the water would pass into the treatment plant
and the other through the Kattan Hill where the treated water
would flow into the pipeline. This will enhance livability
across the city and is thus likely to impact the real estate
demand in the area.

n Magicbricks.com Bureau

n Magicbricks.com Bureau

N OTES

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Content & Research: E Jayashree Kurup,


Dipti Tandon, Subodh Kumar, Rishab Jain,
Kanchana Dwarkanath, Sruthi Kailas,
Ankit Sharma, Bhawna Mongia, Renu Arya,
Aradhana Mozumdar, Girish Bindal, Neha Nagpal,
Puneet Kukreja & Bikash Kumar.

Layout Design: Harsha Khattar

Cover Page Design: Raghav Krishnan &


Rahul Nair

D I S C L A I M E R
Every effort has been made to make this Index as complete and as accurate as possible. MagicBricks
accepts no responsibility for inaccuracies in the information/data contained in this book. It shall have
neither liability nor responsibility to any person or entity with respect to any loss or damage caused, or
alleged to have been caused, directly or indirectly, by the information contained in this book. The
information/data in this book is subject to change from time to time due to market condition.