Residential Media Report Q2 2022 PE-18 08 22

India's Residential Market: Q2 2022
Residential
Real Estate
Tier 1 Cities | Overview
Note :
Data Includes Apartments only
Excluding Construction on Hold and Sales on Hold
Excluding Lottery Projects (except in Gurugram)
Content table
A brief look at what we will discuss on this report.
Introduction 03
Pan India Analysis 05
City-wise Analysis 11
About U s 29
P. E. ANALYTICS LTD. | RESIDENTIAL REAL-ESTATE UPDATE | Q2 2022 (April 2022-June 2022) Page 2
Introduction
Tier I Cities: Residential Real
Estate Trends
Real Estate Trends ~

Calendar Year January 2021 onwards
Data updated till June 2022
Note:
Residential data comprises of apartments only. The data
excludes construction on hold, sales on hold and lottery
projects (lottery projects of only Gurugram are included).
Pan India
Introduction
Noida
Gurugram
This report represents the current

Residential Real Estate scenario in India Kolkata
with focus on key influence cities (Tier-I

Cities) of North, West, East & South India. Thane
Pune
The following cities comprise the key regions: Mumbai Hyderabad
• North- Gurugram and Noida

• South- Bangalore, Hyderabad and Chennai
• East- Kolkata Bengaluru Chennai
• West- Mumbai, Pune and Thane
P. E. ANALYTICS LTD. | SEGMENT WISE REPORT- TIER 1 CITIES | Q1 2021- Q2 2022 (Jan 2021-Jun 2022) Page 4
Pan India
Trend Analysis| Market Indicators
Market Indicators- Tier 1 Cities (Apartments)
Sales outweigh new launches by

Q-o-Q Y-o-Y
21% in Q2 2022 Indicators Q2 2021 Q1 2022 Q2 2022
(in %) (in %)
Due to the presence of significant unsold units from previous New Launches (Units) 46,585 94,582 79,707 -16% 71%
quarters, the absorption has witnessed a growth of 90% on

Y-o-Y basis, whereas the supply has witnessed only 71% Units Absorbed
50,912 1,05,173 96,517 -8% 90%
growth on Y-o-Y basis. This signifies increased demand post (Total Market)
COVID which is being met from previous unsold stock.
Unsold Stock (Units) 4,61,268 4,35,252 4,18,442 -4% -9%
The supply has seen a significant decline of approx. 16% on Q-o-Q: January-March 2022 Vs April-June 2022;
Q-o-Q basis, but increased 71% when compared to the Y-o-Y: April-June 2021 Vs April-June 2022
same time last year.
Supply Q2 2022
(in units)
Supply
79,707
Total
Pan India | Trend Analysis 16%
Q- o -Q
71%
Y- o -Y
CITY-WISE NEW LAUNCHES IN Q2 2022
22,284
Thane, Pune and Mumbai leading
17,009
in supply of apartment units in
Number of Units
Q2 2022
12,245
12,236
9,680
Q2-2022 saw a total supply of 79,707 units, out of which the
3,706
largest share was of Thane about 28% (22,284 units),
2,097
followed by Pune of 21% (17,009 units) and then Mumbai
376
74
with approx. 15% (12,245 units) and other cities with 35%
H y deraba d
N o i da
C he nnai
Ko l k ata
Gu ru gram
M u mbai
Pu ne
B e ng aluru
Tha ne
share.
Absorption
Q2 2022
Absorption
(in units)
96,517
Total
Q- o -Q
90%
Y- o -Y
CITY-WISE ABSORPTION IN Q2 2022

Thane and Pune leading in sales
22,802
again: Q2 2022
21,921
14,792
13,671
In Q2-2022, a total absorption of 96,517 apartment units
Number of Units
12,221
had been observed in top Tier-1 cities of India. Thane and
Pune continue to remain the key cities with maximum sales,
with 24% and 23% share respectively, since Q1 2022. The
affordable segment (Less than 75 lacs) had the maximum
3,627
3,355
3,118
share of 64%, followed by mid segment (75 lacs to 1.5 Cr)
1,010
with 25% and luxury units with share of 10% (greater than 1.5
Cr).
Sales of apartment units in all cities, except Noida, has
H y d eraba d
Ko l k ata
N o i da
C he nnai
Gu ru gram
M u mbai
Pu ne
B e ngaluru
Tha ne
increased significantly when compared to the same period
last year (Y-o-Y basis).
Unsold Stock
Q2 2022
(in units)
Unsold
4,18,442
Total
Y- o -Y
9%
Y- o -Y
CITY-WISE UNSOLD STOCK IN Q2 2022
108,733
Decline in unsold stock of
apartment units in Q2 2022: Q-o-Q
basis
74,560
73,115
Number of Units
57,630
54,347
The unsold stock in Q2 2022 witnessed a decline of 4% on
Q-o-Q basis and 9% on Y-o-Y basis.
17,443
16,352
Q2-2022 saw a total unsold inventory of 4,18,442 units, out
9,306
6,956
of which the largest share was of affordable segment (Less
than 75 lacs) of about 65% followed by mid-segment (75 lacs
to 1.5 Cr) share of 25% and share of luxury units being 10%.
H y d eraba d
Ko l k ata
N o i da
C he nnai
Gu ru gram
M u mbai
Pu ne
B e ngaluru
Tha ne
(greater than 1.5 Cr).
(Source: Segment Wise Report: Q2 2022, PropEquity-Research)
Capital Values
Pan India | Trend Analysis
Capital Value (sales) of apartment Market Trends- Tier 1 Cities (Apartments)
units increase Pan-India: Q2 2022

% Change
CITIES Capital Values (INR/sft) (Capital Values)
Q-o-Q Y-o-Y
Mumbai 18,896 2% 3%
Mumbai continues to dominate residential real estate with
Gurugram 7,635 6% 10%
maximum capital values among the Tier 1 cities, being a mid
Noida 7,411 -2% 9%
to premium market. Gurugram witnessed maximum growth
Chennai 6,744 2% 15%
of 6% in capital value of sales on Q-o-Q basis and 10% on
Hyderabad 6,472 2% 12%
Y-o-Y basis among the Tier 1 cities. Increasing demand
because of return to office and limited new launches in the Thane 6,325 0% 3%
recent quarters has lead to significant increase in Gurugram Bengaluru 6,196 2% 8%
pricing. Kolkata 5,431 5% 1%

Pune 5,348 2% 3%
Q-o-Q: January-March 2022 Vs April-June 2022 ; and Y-o-Y: April-June 2021 Vs April-June 2022
Price appreciation has been marginal across all cities as Capital Values are for Apartments Only, based on absorption of this quarter. All pricing is based on
compared to last quarter and last year. built-up area.
Cities Overview
Supply & AbsorptionBreakup | Q2 2022
Thane Noida
Indicators Q2 2022 Q-o-Q Indicators Q2 2022 Q-o-Q
Supply 22,284 -21% Supply 74 -72%
Absorption 22,802 2% Absorption 1,010 -35%
Gurugram
Indicators Q2 2022 Q-o-Q
Mumbai
Supply 3,706 -9%
Absorption 3,355 -48%
Supply 12,245 17%
Absorption 12,221 3% Kolkata
Supply 376 -72%
Pune
Absorption 3,118 -28%
Supply 17,009 -8% Hyderabad
Absorption 21,921 -16% Indicators Q2 2022 Q-o-Q
Supply 12,236 -27%
Absorption 14,792 1%
Bangalore Chennai
Indicators Q2 2022 Q-o-Q Indicators Q2 2022 Q-o-Q
Supply 9,680 -22% Supply 2,097 -16%
Absorption 13,671 -1% Absorption 3,627 -13%
Mumbai
Affordable Mid Luxury
Less than 1 Cr 1 – 2.5 Cr Greater than 2.5 Cr
Q2 2022 | April ‘22 to June ‘22

Supply, Absorption and WAP Dynamics
12,245 SUPPLY
units
Supply and Absorption Dynamics • Mumbai has done well in Q2 2022, witnessing a growth of 17% on
Supply Absorption Overhang (in Months) Q-o-Q basis and a significant 102% on Y-o-Y basis.
14,000 30
17% 102% • Maximum new launches were witnessed in the mid & luxury segment
26 Q-o-Q Y -o- Y
(44% and 33%) followed by affordable segment with 23% of share.
12,000 23 22 25
10,000 19 18
16 20
12,221
8,000
AB S O R P T I O N
units
15
6,000
10
• The sales have witnessed a slight increase of 3% on Q-o-Q basis in
4,000 Q2 2022.
2,000 5 3% 106% • The sales have increased drastically by 106% in Q2 2022 when
0 0
Q-o-Q Y -o- Y compared to the same period last year.
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022
57,630
Weighted Average Price Trends (in INR/Sft) UNSOLD STOCK
units
• The inventory has nearly remained the same in Q2 2022 when
Wt. Avg (Sales Price) Wt. Avg (Available Stock Price) compared to the last quarter.
3% 8% • The overhang (in months) have dropped gradually from 26 months in
22,000 20,796 Q-o-Q Y -o- Y Q1 2021 to 16 months in Q2 2022.
20,229
20,000 18,896
18,312
18,000
18,896
INR/Sft.
16,000 W E I G H T E D AV E R AG E P R I C E
• The weighted average price (in sales) have increased slightly by 2%
14,000
when compared to Q1 2022 and approx. 3% when compared to the
12,000 2% 3% same period last year.
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q-o-Q Y -o- Y
Wt. Avg. Price (Sales) is based on Built up area

Mumbai Q2 2022 | April ‘22 to June ‘22
Key Regions, Micro-markets and Launches
Regional Supply and Absorption Trend Key Launches
Available New Unsold Micro Launch BSP
Region Sales Project Details Unit Sizes
Supply Launches Stock Market Units (in INR/Sft)
Western Suburb 23,489 6,650 5,206 24,933 Greenary Borivali(E) 588 26,000 418 - 650
The Prestige City - Bellanza Phase I Mulund(W) 555 20,976 – 24,026 725 – 1,294
Central Suburb 19,746 3,150 4,337 18,559
Lodha NCP Wadala 478 33,440 – 35,089 953 – 1,800
South Mumbai 10,248 1,765 1,789 10,224
Godrej Horizon Wadala 440 35,200 – 36,900 689 – 1,232
Mumbai Harbour 4,123 680 889 3,914 Atmosphere O2 (Win Win) Mulund(W) 434 23,000 584 - 858
Key Micro-markets basis Absorption Sizes and Prices are on Carpet Area
* Refers to sizes and prices are on Built Up area
Total Available Total Absorption K EY T AK E A W A Y S

Micro-market
Supply Absorption Ratio* • Western suburbs continue to be the hot bed of new launches with a share of approximately 54% af
Mulund(W) 5,310 867 16% new supply in the city, followed by Central Suburb region with about 26% share in new launches.
Ghatkopar(E) 3,960 659 17% • Western Suburbs have also led in sales, with 42% of absorbed units of the total sold units.
• Mulund (W), Ghatkopar(E) and Kandiwali (W) are the leading key micro-markets in the city with
Kandivali(W) 3,314 579 17%
leading absorption ratios of 16%, and 17% each respectively. Maximum demand was witnessed in
Wadala 2,742 565 21%
micro markets like Mulund (W), Ghatkopar(E), Kandiwali (W), Wadala and Malad (W).
Malad(W) 3,564 564 16%
*Absorption Ratio= Total Absorption/Total Available Supply

Source: PropEquity, Research and Consulting
Thane
Less than 75 lakhs 75 lakhs – 1.5 Cr Greater than 1.5 Cr
Q2 2022 | April ‘22 to June ‘22

22,284 SUPPLY
units
Supply and Absorption Dynamics
• Thane in Q2 2022, has witnessed a drop of 21% on Q-o-Q basis and
Supply Absorption Overhang (in Months) a significant increase of 110% on Y-o-Y basis.
30,000
22
25 21% 110% • Maximum new launches were witnessed in the mid & luxury segment
20 19 Q-o-Q Y -o- Y
(44% and 33%) followed by affordable segment with 23% of share.
25,000 18 19
20
16
20,000
15
22,802
AB S O R P T I O N
units
15,000
10 • The sales have witnessed a slight increase of 2% on Q-o-Q basis in
10,000 Q2 2022.
0 0
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022
1,08,733
units
• The inventory has nearly remained stable in Q2 2022 when
Wt. Avg (Sales Price) Wt. Avg (Available Stock Price) compared to the last quarter.
6,400 • The overhang (in months) have dropped gradually from 22 months in
6,350
6,325 0% 1% Q1 2021 to 16 months in Q2 2022.
Q-o-Q Y-o-Y
6,286 6,339
6,300
6,250
6,325
6,200
INR/Sft.
6,150
W E I G H T E D AV E R AG E P R I C E
• The weighted average price (in sales) have remained stable when
6,151
6,100 compared to Q1 2022 and have increased by approx. 3% when
6,050
0% 3% compared to the same period last year.
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q-o-Q Y -o- Y

Thane Q2 2022 | April ‘22 to June ‘22
Available New Unsold Launch BSP
Region Sales Project Details Micro Market Unit Sizes
Supply Launches Stock Units (in INR/Sft)
Beyond Thane 59,470 11,710 12,151 59,029 Kalas Darshan* Titwala 1100 3,281 529
Mira Rd & Beyond 32,464 7,215 6,560 33,119 Apna Ghar II NX Mira Road 870 11,869 172 - 328
Osians Garden* Bhiwandi 694 4,200 676 – 1,574
West Region 12,253 2,821 3,006 12,068
Ascend I (Tower 2 & 4) Dhokali 654 16,000 – 17,500 393 - 918
Ghodbunder Road 2,746 453 661 2,538
Dosti Planet North Sector 3 Shilphata 632 9,270 425 - 861
East Region 2,318 85 424 1,979 Sai World Dreams Phase 1 Dombivali(E) 568 10,217 – 10,444 450 – 1,194
Sizes and Prices are on Carpet Area
Key Micro-markets basis Absorption * Refers to sizes and prices are on Built Up area
K EY T AK E A W A Y S
Total Available Total Absorption
Micro-market
Supply Absorption Ratio* • The outskirts such as Beyond Thane and Mira Road region continue to be the hot bed of new launches
Dombivali(E) 14,898 2,654 18% with a share of approximately 85% af new supply in the city, followed by Western region with about
12% share in new launches.
Badlapur 8,707 1,642 19%
• Western Suburbs have also led in sales, with 42% of absorbed units of the total sold units.
Mira Road 9,599 1,338 14%
• Dombivili East, Badlapur and Mira Road are the leading key micro-markets in the city with leading
Kalyan(W) 6,267 1,098 18% absorption ratios of 18%, 19% and 14% share respectively. Maximum launches was witnessed in
Ambernath 5,285 1,025 19% micro markets like Titwala, Mira Road, Bhiwandi, etc.

Pune
Q2 2022 | April ‘22 to June ‘22

17,009 SUPPLY
units
Supply Absorption Overhang (in Months)
• Pune in Q2 2022, witnessed a drop of 8% on Q-o-Q basis and an
increase of 54% on Y-o-Y basis.
30,000
15
18 8% 54% • Maximum new launches were witnessed in the Affordable & Mid
15 14 16 Q-o-Q Y -o- Y
25,000 13 segment (78% and 17%) followed by Luxury segment with 5% of
12 14 share.
20,000
10 12
21,921
10
AB S O R P T I O N
units
15,000
8
• The sales have witnessed a drop of 16% on Q-o-Q basis in Q2 2022.
10,000 6
• The sales have increased drastically by 102% in Q2 2022 when
4
5,000 16% 102% compared to the same period last year.
2 Q-o-Q Y -o- Y • Absorption outweighs the new launches by 29%.
0 0
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022
73,115
units
• The inventory has dropped by 6% same in Q2 2022 when compared
Wt. Avg (Sales Price) Wt. Avg (Available Stock Price) to the last quarter.
6% 18% • The overhang (in months) has dropped gradually from 15 months in
5,400 Q-o-Q Y-o-Y Q1 2021 to 10 months in Q2 2022.
5,348
5,350
5,300 5,308
5,250
5,348
INR/Sft.
5,200
5,150 5,198 • The weighted average price (in sales) have increased slightly by 2%
5,100 when compared to Q1 2022 and approx. 3% when compared to the
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q-o-Q Y-o-Y

Pune Q2 2022 | April ‘22 to June ‘22
Available New Unsold Micro Launch BSP
Region Sales Project Details Unit Sizes
Supply Launches Stock Market Units (in INR/Sft)
Kohinoor Kaleido Wagholi 817 8,423 700 - 990
NorthWest Region 37,708 8,530 11,285 34,953
Godrej Park Springs Manjari 752 7,905 – 8,917 382 - 750
SouthEast Region 15,448 3,247 4,181 14,514 Gini Vivante Kiwale 539 6,488 651 – 1,005
Provident Kenvista (Vista) Kondhwa 522 8,690 – 9,660 359 – 1,399
NorthEast Region 13,634 3,817 3,819 13,632 Teerth Avila Sus 458 6,350 723 – 900
Nivasa Enchante Lohegaon 284 7,650 449 – 1,041
SouthWest Region 11,237 1,363 2,636 9,964
Vision Rhythm Bhosari 276 5,253 – 5,319 648 - 813
Sizes and Prices are on Carpet Area

Key Micro-markets basis Absorption * Refers to sizes and prices are on Built Up area

Micro-market
Supply Absorption Ratio* • Northwest Region continue to dominate new launches with a share of approximately 50% of new
Wakad 3,394 1,229 36% supply in the city, followed by Sourtheast region with about 19% share in new launches.
• Northwest Region have also led in sales, with 51% share in total sold units.
Hinjewadi 4,809 1,161 24%
• Wakad, Hinjewadi and Moshi are the leading key micro-markets in the city with leading absorption
Moshi 4,271 891 21%
ratios of 36%, 24% and 21% share respectively. Maximum launches was witnessed in micro markets
Kiwale 2,760 882 32%
like Wagholi, Manjari, Kiwale, Sus, etc.
Tathawade 2,312 727 31%
Bengaluru
Q2 2022 | April ‘22 to June ‘22

9,680 SUPPLY
units
• Bengaluru has witnessed a drop of 22% on Q-o-Q basis and a
significant increase of 289% on Y-o-Y basis.
16,000
25
30 22% 289% • Maximum new launches were witnessed in the Affordable & Mid
Q-o-Q Y -o- Y
14,000 23 22 segment (57% and 36%) followed by Luxury segment with 7% of
25
12,000 share.
18 20
10,000 16
13,671
13 AB S O R P T I O N
units
8,000 15
6,000 • The sales have witnessed a slight increase of 1% on Q-o-Q basis in
10 Q2 2022.
4,000
5 1% 125% • The sales have increased considerably by 125% in Q2 2022 when
2,000 Q-o-Q Y -o- Y compared to the same period last year.
0 0 • Absorption outweighs the new launches by approximately 41%,
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 signifying a healthy demand
54,347
units
Wt. Avg (Sales Price) Wt. Avg (Available Stock Price) • The inventory has witnessed a drop of 7% in Q2 2022 when
compared to the last quarter.
6,300 6,196 7% 21% • The overhang (in months) has dropped gradually from 25 months in
6,200 Q-o-Q Y -o- Y Q1 2021 to 13 months in Q2 2022.
6,100 6,103
6,000
5,900
5,800 5,721
6,196
INR/Sft.
5,700
5,788
5,600 • The weighted average price (in sales) has increased slightly by 2%
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q-o-Q Y -o- Y

Bengaluru Q2 2022 | April ‘22 to June ‘22
SouthEast Region 22,113 4331 5,599 20,845 The Prestige City - Meridian Park Sarjapur 1104 7,000 1,480 – 1,855
NorthEast Region 20,998 3457 4,892 19,563 Sattva Aeropolis Devanahalli 1001 5,721 – 6,151 306 – 1,012
Godrej Splendour White Field 941 6,900 – 7,300 605 – 1,234
SouthWest Region 9,153 1423 1,861 8,715
Sowparnika Indradhanush Hoskote 930 5,500 519 – 1,142
NorthWest Region 5,668 469 1,216 4,921
Adarsh Park Heights I Gunjur 720 7,650 1,310 – 1,860
Central Zone 406 0 103 303 TVS Emerald Jardin Singasandra 581 6,016 – 7,642 615 – 1,498
Sizes and Prices are on Built Up area
Key Micro-markets basis Absorption * Refers to sizes and prices are on Carpet area
K EY T AK E A W A Y S
Total Available Total
Micro-market Absorption Ratio*
Supply Absorption • Maximum New Launches were witnessed in the South East Region with a share of approximately 45%
af new supply in the city, followed by Northeast region with about 36% share in new launches.
Sarjapur Road 1,351 608 45%
• Southeast Region has also led in sales, with 41% share of the total sold units.
Sarjapur 3,286 1326 40%
• Sarjapur Region and Gunjur are the leading key micro-markets in the city with leading absorption
Gunjur 1,888 561 30% ratios of 45%, 40% and 30% share respectively. Maximum launches was witnessed in micro markets
White Field 4,596 890 19% like Sarjapur, Devanahalli, White Field, etc.
Kanakpura Road 2,838 506 18%

Hyderabad
Q2 2022 | April ‘22 to June ‘22

12,236 SUPPLY
units
• Hyderabad has witnessed a drop of 27% on Q-o-Q basis and a dip of
8% was seen on Y-o-Y basis.
25,000 30 27% 8% • Maximum new launches were witnessed in the mid segment with 47%
24 Q-o-Q Y-o-Y
share followed by affordable and Luxury segment with 27% and 26%
20,000 22 22 25
21 20 share respectively.
17 20
15,000
14,792
AB S O R P T I O N
units
15
10,000 • The sales have witnessed a slight increase of 1% on Q-o-Q basis in
10
Q2 2022.
5,000
5 1% 81% • The sales have witnessed an increase of 81% in Q2 2022 when
0 0 • Absorption outweighs the new launches by approximately 20%,.
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022
74,560
units
• The inventory has witnessed an increase of 3% in Q2 2022 when
Wt. Avg (Sales Price) Wt. Avg (Available Stock Price)
compared to the last quarter.
6,600 6,472
6,400
3% 14% • The overhang (in months) has dropped gradually from 24 months in
6,380 Q-o-Q Y -o- Y Q1 2021 to 17 months in Q2 2022.
6,200
6,000
5,800 5,609
6,472
INR/Sft.
5,400 5,581 • The weighted average price (in sales) have increased slightly by 2%
5,000
2% 12% same period last year.
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q-o-Q Y -o- Y

Hyderabad Q2 2022 | April ‘22 to June ‘22
NorthWest Region 56,629 9062 11,580 54,111 My Home Sayuk Tellapur 1800 7,050 1,355 – 2,262
Candeur Crescent Serilingampally 1239 6,999 1,300 – 2,600
NorthEast Region 7,720 1616 1,318 8,018 Aparna Zenon Manikonda 1044 8,349 1,242 – 2,256
Praneeth Pranav Solitaire Bachupally 668 5,699 1,210 – 2,412
SouthWest Region 8,460 1384 1,282 8,562
Sumadhuras Gardens By The Brook Shamshabad 491 5,149 – 5,499 1,230 – 1,679
SouthEast Region 4,307 174 612 3,869
Ramky One Harmony Pragathi Nagar 426 6,300 1,155 – 1,595


Micro-market
Supply Absorption Ratio* • Northwest Region dominated in new launches with a share of approximately 74% af new supply in the
Tellapur 4,761 1965 41% city, followed by Northeast region with about 13% share in new launches.
• Northwest Region has also led in sales, with 78% share of the total sold units.
Kompally 3,956 874 22%
• Tellapur, Kompally and Manikonda are the leading key micro-markets in the city with leading
Manikonda 4,184 819 20%
absorption ratios of 41%, 22% and 20% share respectively. Maximum launches was witnessed in micro
Narsingi 6,083 1087 18% markets like Tellapur, Serilingampally, Manikonda and Bachupally.
Bachupally 7,309 870 12%
Chennai
Q2 2022 | April ‘22 to June ‘22

2,097 SUPPLY
units
Supply Absorption Overhang (in Months) • Chennai witnessed a downfall of 16% on Q-o-Q basis and a
23
significant growth of 31% on Y-o-Y basis in new launches showing
5,000 25 16% 31% signs of recovery from market downfall during COVID in 2021
20 Q-o-Q Y -o- Y
19 • Affordable segment (73%) saw maximum new launches followed by
4,000 20
16 mid and luxury segment with combined share of 26% of share.
15
3,000 13 15
3,672
AB S O R P T I O N
units
2,000 10 • The sales have witnessed a decrease of 13% on Q-o-Q basis in Q2
2022.
5
1,000
13% 52% • The sales have increased drastically by 52% in Q2 2022 when
0 0 • Absorption outweighs the new launches by 75%.
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022
17,443
units
• The unsold inventory dropped by significant 27% as compared to
same time last year due to higher sales witnessed in the city post
7,000
6,744 8% 27% COVID.
Q-o-Q Y -o- Y • The overhang (in months) have dropped gradually from 23 months in
6,500 6,549
Q1 2021 to 13 months in Q2 2022.
6,108
6,000
5,752
6,744
INR/Sft.
5,500
• The weighted average price (in sales) have increased slightly by 2%
when compared to Q1 2022 and approx. 15% when compared to the
5,000
2% 15% same period last year.
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q-o-Q Y -o- Y • Higher demand has resulted in decent price appreciation of sales.

Chennai Q2 2022 | April ‘22 to June ‘22
SouthWest Region 7,644 525 1,397 6772 Revolution One
Padur (OMR) 532 4,900 - 5700 353 - 868
(Code Name Chennais Best)
NorthWest Region 3,970 772 696 4046
OMR-3 3,221 532 606 3147 Pavani North Star Villivakkam 299 7,299 869 – 1,368
SouthEast Region 1,765 233 422 1576 Poonamallee
VRX Fete 245 7,485 392 - 899
OMR-2 966 35 277 724 High Road
NorthEast Region 468 0 130 338 The Breeze Sithalapakkam 240 4,000 1,017 – 1,254
OMR-1 939 0 99 840 Sidharth Crown Madhavaram 228 4,800 580 - 1457

Key Micro-markets basis Absorption K EY T AK E A W A Y S * Refers to sizes and prices are on Carpet area
• South West region witnessed maximum real estate activity in this quarter with maximum supply and
Total Available Total Absorption
Micro-market sales. This is due to the presence IT partks in Guindi and Anna Nagar areas close to IIT Madras.
Supply Absorption Ratio*
• OMR micromarkets including Podur and Sholinganallur dominated in sales and new launches and
Padur (OMR) 1,806 386 21%
also witnessed a higher absorption ratio, which signifies a blooming real estate scenario especially
Mogappair 1,492 181 12%
around the prime commercial parts of the city.
Medavakkam 718 171 24%
• The key launches were launched around the 4500 INR/psft and going all the way up to 7500
Sholinganallur (OMR) 534 164 31% INR/psft range for premium projects like Pavani North Star.
Perungalathur 1,036 162 16% • While Chennai saw a drop in the supply the absorption witnessed a growth, even dominating the new

launches. This signifies an increased demand that is being fulfilled by the available stock.
Kolkata
Q2 2022 | April ‘22 to June ‘22

376 SUPPLY
units
• Kolkata is on a down trend with 72% decrease in new launches on Q-
o-Q basis and 68% on Y-o-Y basis. Slow commercial development is
6,000 26 30 72% 68% a cause of constant reduction in supply.
Q-o-Q Y -o- Y
24 • Affordable segment (77%) saw maximum new launches followed by
5,000 25
20 mid segment with share of 23% of share..
19
4,000 20
16
3,118
AB S O R P T I O N
units
3,000 13 15
• The sales have witnessed a decrease of 28% on Q-o-Q basis in Q2
2,000 10 2022.
0 0 • Absorption outweighs the new launches by approximately 700%,
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 signifying a healthy demand.
16,352
units
• The unsold inventory dropped by significant 32% as compared to
Wt. Avg (Sales Price) Wt. Avg (Available Stock Price) same time last year due to higher sales witnessed in the city post
5,600
5,431 14% 32% COVID in this quarter.
5,400
Q-o-Q Y -o- Y • The overhang (in months) have dropped gradually from 26 months in
Q1 2021 to 13 months in Q2 2022.
5,200 5,181
5,035
5,431
5,000
INR/Sft.
4,800 • The weighted average price (in sales) have increased slightly by 5%
when compared to Q1 2022 and is similar to Q2 2022.
4,600
5% 1% • With minor increase in demand over last 5 quarters the prices have
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q-o-Q Y -o- Y also remained stable in the same period.

Kolkata Q2 2022 | April ‘22 to June ‘22
NorthEast Region 7,170 136 1,180 6126
SouthEast Region 4,500 240 686 4054 Sunrise aura Kamalgazi 240 4,050 677 - 964
NorthWest Region 3,809 0 608 3201
SouthWest Region 2,400 0 493 1907
Vinayak Vista Lake Town 136 6,100 – 6,300 925 – 1,800
Outskirts 897 0 92 805
Central Region 318 0 59 259

Micro-market
Supply Absorption Ratio* • South East and North East region witnessed maximum real estate activity in this quarter with
Rajarhat 1,914 304 16% maximum new supply and sales. This is due to the presence new employment parks in New Town in
eastern part of the city.
New Town 1,007 211 21%
• Rajarhat and New Town and Joka being the suburbs of the city cater to the new housing demand with
Konnagar 1,300 200 15%
highest absorption ratios in these markets.
Joka 662 151 23% • Kolkata witnessed only 2 launches in this quarter. Their higher pricing could be justified since these
Madhyamgram 1,101 149 14% are luxury projects with large unit sizes, ranging up to 1800 sqft Carpet area.

Noida
Q2 2022 | April ‘22 to June ‘22

74 SUPPLY
units
• Noida is on a down trend with 72% decrease in new launches on
Q-o-Q basis and 64% on Y-o-Y basis.
1,800 40 45 72% 64% • All the launches were witnessed in the Mid Segment.(75 lacs to 1.5 Cr)
37 Q-o-Q Y -o- Y
1,600 40
1,400 32 35
1,200 30
23
1,010
25
1,000
AB S O R P T I O N
units
18
800 15 20
• The sales have witnessed a decrease of 35% on Q-o-Q basis in Q2
600 15 2022.
400 10
35% 87% • The sales have increased drastically by 87% in Q2 2022 when
200 5 Q-o-Q Y -o- Y compared to the same period last year.
0 0 • The absorption outweighs the new supply by 1200%, showing a huge
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 gap.
6,956
units
• The inventory has reduced 12% on Q-o-Q basis and 29% on Y-o-Y
7,800 basis.
7,477 12% 29% • Higher absorption as compared to new launches for last 4 quarters
7,290
Q-o-Q Y -o- Y has resulted in reduction of unsold stock in this quarter and also on
7,400
yearly basis.
7,411
7,000
7,411
INR/Sft.
6,600
• The pricing remained stable as compared to last quarter with minor
6,632 reduction of 2% and decent growth of 9% as compared to last year in
6,200
2% 9% the same quarter.
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q-o-Q Y -o- Y • Sales pricses have seen fluctuation due to COVID and lesser launches.

Noida Q2 2022 | April ‘22 to June ‘22

Expressway 2
4,205 74 667 3612
(Towards Greater Noida)
Central Noida 2,415 0 217 2198 Godrej Nest & Nurture Sector 150 74 6,738 – 7,810 1,907 – 2,062
Main Noida 720 0 96 624
Expressway 1
552 0 30 522
(Towards Delhi)


Micro-market
Supply Absorption Ratio* • Residential activity was witnessed only in the Expressway 2 Region with a share of approximately 100%
Sector 150 2,310 482 21% of new supply in the city,

• Maximum Sales have also been witnessed along the expressway 2, with 66% of the total sold units,
Sector 79 309 61 20%
followed by Central Noida with 21% share in sales.
Sector 43 347 58 17%
• Sector 150, 79 and 43 are the leading key micro-markets in the city with leading absorption ratios of
Sector 143 664 57 9%
21%, 20% and 17% share respectively.
Sector 143 B 354 52 15% • The Supply has witnessed a drop in recent quarters owing to the consolidation of Grade A developers
*Absorption Ratio= Total Absorption/Total Available Supply in Noida.
Gurugram
Greater than 1.5 Cr
* Less than 75 lakhs 75 lakhs – 1.5 Cr
Q2 2022 | April ‘22 to June ‘22

3,706 SUPPLY
units
• Supply in Gurugram has witnessing a slight decline of 17% on Q-o-Q
Supply Absorption Overhang (in Months) basis and a drastic increase of approx. 2,550% on Y-o-Y basis.
7,000
11
12 9% 2 547% • All new launches that were witnessed in Gurugram were in the
Q-o-Q Y -o- Y
6,000
9 10 affordable segment (100%), as all were lottery projects.
10
5,000
7 8
6 6
3,355
4,000
AB S O R P T I O N
units
6
3,000
• The sales have witnessed a significant decrease of 48% on Q-o-Q
4
2,000 basis in Q2 2022.
1,000 2 48% 17% • The sales have also decreased by 17% in Q2 2022 when compared
Q-o-Q Y -o- Y to the same period last year.
0 0
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022
Weighted Average Price Trends (in INR/Sft)
9,306
UNSOLD STOCK
units
• The inventory has increased slightly, about 4% in Q2 2022 when
compared to Q1 2022.
4% 14% • The overhang (in months) have increased slightly from 6 months in
Q-o-Q Y -o- Y Q1 2021 to 7 months in Q2 2022.
12,000
10,000 8,732
7,613 8,733
8,000
9,189
8,732
INR/Sft.
4,000 • The weighted average price (in sales) have increased significantly by
2,000 22% when compared to Q1 2022 and even greater approx. 25%
0 22% 25% when compared to the same period last year.
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q-o-Q Y -o- Y

P. E. ANALYTICS LTD. | RESIDENTIAL REAL-ESTATE UPDATE | Q2 2022 (April 2022-June 2022) *Includes lottery projects in Gurugram Page 27
Gurugram *
Q2 2022 | April ‘22 to June ‘22
New Gurugram 3,800 1,996 2,192 3,604 Global Heights 89* Sector 89 1,258 4,200 525-646
Royal Green Heights Sector 62 800 4,200 586-767

SPR 413 594 149 858
Rama Homes* Sector 89 738 3,975-4,097 375-650
Dwarka Exp.way 1,677 316 419 1,574
Bodh 79* Sector 79 594 3,584 650-800
GCR Extension 419 800 81 1,138 Zara Aavaas III* Sector 104 316 4,300 581-645

Micro-market
Supply Absorption Ratio* • Regions of New Gurugram and SPR had been the hot bed of new launches with a share of
Sector 88 A 2,085 2,085 100% approximately 75% of new supply in the city, followed by Dwarka Expressway region with about 8%
share in new launches.
Sector 33 400 210 53%
• Main Gurugram have also led in sales, with sales exceeding the new launches in the region.
Sector 53 401 188 47%
• Sector 88 A is the leading key micro-market in the city with leading maximum sales and absorption
Sector 113 295 156 53%
ratio of 100%. Maximum demand was also witnessed in Sector 88 A, followed by micro markets like
Sector 108 144 68 47% Sector 33, Sector 53 and Sector 113.
P. E. ANALYTICS LTD. | RESIDENTIAL REAL-ESTATE UPDATE | Q2 2022 (April 2022-June 2022) *Includes lottery projects in Gurugram Page 28
About Us
Samir Jasuja
Founder and CEO
PropEquity
samir.jasuja@propequity.in
P.E. Analytics owns and operates PropEquity which is an online subscription based real estate data and
analytics platform covering over 1,41,327 projects of 44,967 developers across over 44 cities in India. “We aim for improving real estate
We add approximately 300 projects every month. It is a premier Business Intelligence product- a first of
its kind in India in the Realty space. P.E. Analytics is a company that is built on pure innovation. The
business intelligence, through
products created by the company are unique in the Indian context and which have been validated strong data backed decisions .”
through the market and with marquee customers. With these future plans already underway, PropEquity
is poised for growth.
PropEquity
Research and Consulting
The Research & Consulting vertical addresses a typical requirements of the real estate
industry. The need for consulting arises when clients have limited expertise in a
particular sector of real estate or geographical territory. As a result, they are faced with
situations where they are looking to venture into new markets, or alternatively, are
evaluating the development of new domain expertise into residential, commercial,
retail, hospitality, institutional or industrial verticals within regions where they already
have a strong presence.
Research & Consulting provides innovative and keynote strategic solutions to clients,
backed by a team of individuals who specialize in professional and technical courses
and use their multi-city & multi-domain experience.
For any queries, feel free to contact us:
Nikita Sharma Vishesh Bhardwaj Abhishek Luke

Assistant Manager Senior Associate Associate
Research and Consulting Research and Consulting Research and Consulting
nikita.sharma@propequity.in Vishesh.bhardwaj@propequity.in abhishek.luke@propequity.in
Thankyou We look forward to hear from you
Fe el f r ee to c o nta c t u s f o r a ny q u er ies o r
s u g g es tions !
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Udyog Vihar Phase II, Gurugram, Haryana

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India's Residential Market: Q2 2022

Pan India Analysis 05

Real Estate Trends ~

Data updated till June 2022

This report represents the current

with focus on key influence cities (Tier-I

• North- Gurugram and Noida

Market Indicators- Tier 1 Cities (Apartments)

Sales outweigh new launches by

quarters, the absorption has witnessed a growth of 90% on

same time last year.

CITY-WISE NEW LAUNCHES IN Q2 2022

CITY-WISE ABSORPTION IN Q2 2022

CITY-WISE UNSOLD STOCK IN Q2 2022

Capital Value (sales) of apartment Market Trends- Tier 1 Cities (Apartments)

units increase Pan-India: Q2 2022

recent quarters has lead to significant increase in Gurugram Bengaluru 6,196 2% 8%

pricing. Kolkata 5,431 5% 1%

Q2 2022 | April ‘22 to June ‘22

Wt. Avg. Price (Sales) is based on Built up area

Total Available Total Absorption K EY T AK E A W A Y S

*Absorption Ratio= Total Absorption/Total Available Supply

Q2 2022 | April ‘22 to June ‘22

Wt. Avg. Price (Sales) is based on Built up area

*Absorption Ratio= Total Absorption/Total Available Supply

Q2 2022 | April ‘22 to June ‘22

Wt. Avg. Price (Sales) is based on Built up area

Sizes and Prices are on Carpet Area

Total Available Total Absorption K EY T AK E A W A Y S

Q2 2022 | April ‘22 to June ‘22

Wt. Avg. Price (Sales) is based on Built up area

Kanakpura Road 2,838 506 18%

Q2 2022 | April ‘22 to June ‘22

Wt. Avg. Price (Sales) is based on Built up area

Sizes and Prices are on Built Up area

Total Available Total Absorption K EY T AK E A W A Y S

Q2 2022 | April ‘22 to June ‘22

Wt. Avg. Price (Sales) is based on Built up area

Sizes and Prices are on Built Up area

*Absorption Ratio= Total Absorption/Total Available Supply

Q2 2022 | April ‘22 to June ‘22

Wt. Avg. Price (Sales) is based on Built up area

Total Available Total Absorption K EY T AK E A W A Y S

*Absorption Ratio= Total Absorption/Total Available Supply

Q2 2022 | April ‘22 to June ‘22

Wt. Avg. Price (Sales) is based on Built up area

Available New Unsold Launch BSP

Sizes and Prices are on Built Up area

Total Available Total Absorption K EY T AK E A W A Y S

Sector 150 2,310 482 21% of new supply in the city,

Q2 2022 | April ‘22 to June ‘22

Weighted Average Price Trends (in INR/Sft)

Wt. Avg. Price (Sales) is based on Built up area

Royal Green Heights Sector 62 800 4,200 586-767

Total Available Total Absorption K EY T AK E A W A Y S

For any queries, feel free to contact us:

Nikita Sharma Vishesh Bhardwaj Abhishek Luke

Udyog Vihar Phase II, Gurugram, Haryana

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