PUNE RESIDENTIAL March 2019

MARKETBEATS
12% 41% 53%
G R O W T H IN U N IT SHARE OF NH4 BYPASS SHARE OF AFFORDABLE
LAUNCHES (QoQ) S U B MA R K E T IN Q 1 2 0 1 9 S E G ME N T I N Q 1 2 0 1 9

HIGHLIGHTS RENTAL VALUES AS OF Q1 2019

Submarket
Average Quoted Rent QoQ YoY Short term
(INR/Month) Change (%) Change (%) outlook
Significant rise in new launches High-end segment
Launches in Pune for first quarter of 2019 stood at 7,300 units (+12% q-o-q) against Aundh – Baner 75,000 – 130,000 0% 0%
6,500 units launched in Q4 2018. New launches continue to increase on the back of East 55,000 - 140,000 0% 0%

improved sales velocity and also due to concessions for affordable housing Nagar Road 70,000 – 140,000 0% 0%
Koregaon Park
announced by the government and lower GST. Of the newly launched apartments, – Boat Club 100,000 – 220,000 0% 0%
41% launches were concentrated in NH4 Bypass submarket in locations like Wakad, Road

Tathawade, Mamurdi and Hinjewadi. The quarter also saw established national level Mid Segment
Aundh – Baner 17,000 – 32,000 0% 0%
developers like Adani Realty & Arvind SmartSpaces foray into the Pune real estate
NH4 Bypass
market. 11,000 – 18,500 0% 0%
(North)
North – East 12,000 – 20,500 0% 0%
Momentum continues in affordable housing
Of the total units launched, 53% were under affordable segment while the remaining
CAPITAL VALUES AS OF Q1 2019
were under the mid and premium segment. 2 BHKs accounted for a 61% share of the Average Quoted Rate QoQ YoY Short term
Submarket
total launched units. Developers continue to shrink apartment sizes to keep ticket (INR/sf) Change (%) Change (%) outlook
High-end segment
sizes attractive in a largely end-user driven market. As locations like Baner, Balewadi,
Koregaon Park
Wakad, Tathawade are gradually getting saturated, Gahunje and Mamurdi along NH4 14,000 – 19,000 0% 0%
- Boat Club
Bypass are coming up as mid segment housing destinations. Aundh-Baner 8,500 – 13,000 0% 0%
A Cushman & W akefield
Nagar Road 9,500 – 14,500 0% 0%
Research Publication
Capital values show marginal increase East 8,500 – 13,000 0% 0%
The GST rate cut and concessions for affordable housing proved to be beneficial for Mid segment
DATA
an uptick in realty sales & capital values in mid & affordable segment. Select locations North-East 3,500 – 6,400 5% 5%
INTO
ACTION like Kharadi in North East submarket & Tathawade, Punawale in NH4 Bypass South-East – II 3,750 – 5,500 0% 0%
NH4 Bypass
submarket saw marginal increase in capital values during the quarter. 4,000 – 6,300 5% 5%
(North)
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 PUNE RESIDENTIAL
MARKETBEATS MARCH 2019
Rohan Sharma
SIGNIFICANT PROJECTS LAUNCHED IN Q1 2019
Director
Research Services
BUILDING LOCATION DEVELOPER UNITS LAUNCHED RATE**(INR/SF)
Tel: +91 124 4695555
Rohan.sharma1@cushwake.com Atelier Greens Mundhwa Adani Realty 255 14,500 - 15,500
Arvind Elan Kothrud Arvind SmartSpaces 120 11,000 - 12,000
Rohan Ananta Tathawade Rohan Builders 415 7,000 - 7,500

SIGNIFICANT PROJECTS UNDER CONSTRUCTION IN Q1 2019

BUILDING LOCATION DEVELOPER ESTD. NO. OF UNITS EXPECTED COMPLETION

Godrej 24 Hinjewadi Godrej Properties 815 Q4 2021

SP Infocity - B1 Phursungi Shapoorji Pallonji 112 Q4 2022

F Residences (B5-B8) Wadgaon Sheri Bramha Corp 474 Q2 2019

SIGNIFICANT CONSTRUCTION COM PLETIONS IN Q1 2019

BUILDING LOCATION DEVELOPER ESTD. NO. OF UNITS UNIT SIZE (SF)
Siyona - Phase 1 Punawale Pethkar Projects 324 750-950
Gagan Cefiro Undri Gagan Properties 120 400-650
Siddhashila Eela – Phase 1 Punawale Siddhashila Group 320 300-900

Data collated from primary and secondary resources. Estimations are subject to change
* Rental and capital values have been depicted only for key submarkets
** Quoted base capital value is on carpet area and also includes other charges like external Development Charges, internal Development Charges, etc.
The categorisation for affordable segment is unit size under 90 square meters carpet area and ticket size under INR 4.5 milli on
DATA
The categorization for mid segment segment is ticket size between INR 4.5 million to INR 10 million
INTO The categorization for high end segment is ticket size above INR 10 million
ACTION ^Affordable housing has been defined as units with a carpet area of 60 sq.mt in metros / 90 sq.mt in non-metros and value up to INR 45 lakhs

A Cushman & W akefield
Research Publication
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KEY TO SUBMARKETS
High-end Segment
Koregaon Park-Boat Club: Koregaon Park, Bund Garden Road, Boat Club Road, Mangaldas Road
Aundh-Baner: Aundh, Baner
Nagar Road: Kalyani Nagar, Viman Nagar
East: Sopan Baug, Uday Baug, Hadapsar
West: Deccan Gymkhana, Model Colony, Prabhat Road, Erandwane, Bhosale Nagar
Mid Segment
Aundh-Baner: Baner, Baner Road
Kothrud: Kothrud
Nagar Road: Kalyani Nagar, Yerwada, Shashtri Nagar, Viman Nagar, Old Airport Road, Vishrantwadi
North-East: Kharadi, Wagholi, Wadgaon Sheri
East: Hadapsar, Manjri, Mundhwa, Keshavnagar
South-East - I: Wanowrie, NIBM Road, Lulla Nagar
South-East - II: Undri, Kondhwa, Pisoli
NH4 Bypass (North): Balewadi, Mahalunge, Wakad, Hinjewadi, Punawale, Kiwale, Ravet, Tathawade, Bhugaon, Bavdhan, Pashan, Sus

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