Pr

opI
ndex|Magi
cbr
icks Pune
J
an-
Mar2023

Resi
dent
ialMar
ketI
nsi
ght
s Mar
ketDynami
cs
Pune’
shousi
ngdemandupami
dstposi
tivehomebuyer
s’sent
iment
s Par
amet
ers I
ndi
a Pune

InQ12023,Pune'
sresident
ialmarketobser
vedaQoQi ncreaseof7% i
ndemand(searc
hes),whil
ethesuppl
y(act
ive Demand+ 3.
2% 7.
0%
l
isti
ngs)r
oseby1.8% amidstposi
tivehomebuyer
s’senti
ment s.Fur
ther,t
hec
ity’
saveragerat
ewasstablewit
ha Suppl
y++ -
0.9% 1.
8%
growthof0.
2% QoQ. RateI
ndex+++ 2.3% 0.
2%
Notes:
Severaltownpl
anni
ngschemesandi
nfrast
ructur
eproj
ect
ssuchastheInt
ermediat
eRi ngRoad,Hi
gh-
Capac
ityMass Aboveparamet ersrepr
esentQoQc hangei nQ12023at
I
ndiaandc i
tylevel
TransitRout
e(HCMTR)
,andPuneMetropoli
tanRegi
on(PMR)RingRoadaredr
ivi
ngt herat
esup. +c hangeinvolumeofpr opertysearches
++c hangeinvolumeofac ti
velisti
ngs
+++c hangeintheaverager ateofUnder -
Construct
ion
(UC)andReady- t
o-move( RM)pr operti
es
Source:MagicbricksResearch

RM Rat
eIndex KeyDevel
oper
sbasedonac
tive
l
ist
ings
8,
000
Kal
pat
aruLt
d.
"Averageratefort
he
7,
500 Amanor
aPar
kTown
RM segment
)
NRpsf

Pr
idePur
plePr
oper
ties
7,
000 remainedstablei
n
Ger
aDevel
opment
sPvt
.Lt
d.
nI

Q12023."
e(i

Magar
pat
tac
ity
6,
500
ageRat

GoelGangaGr
oup

6,
000 GoyalGangaGr
oup
Aver

Mar
velReal
tor
s
5,
500
Mant
raPr
oper
ties

5,
000 KunalGr
oup
Q122 Q222 Q322 Q422 Q123
Notes: Note:Theabovetabler
epr
esentst hetopdeveloper
sby
1.RM rat
eindexrepr
esentst
heweightedaveragerat
eofc omplet
edpropert
iesonMagi
cbri
ckswebsi
teasonMar2023. shareofact
iveli
sti
ngsonMagi c
br i
ckswebsit
ei nQ1
2.Thegraphrepr
esentstheaver
agerateofdominantassetcl
assineachl
ocali
tyoft
heci
ty. 2023.
Source:Magic
bricksResear
ch

UCRat
eIndex KeyPr
ojec
ts

8,
000 Pr
ojec
tName Loc
ali
ty
Aur
eta Kor
egaonPar
k
7,
500
"TheUCsegment
)
NRpsf

I
nfini
tyPr
ide Punawal
e

7,
000
post
edanaverager
ate I
shwarShar
an Kor
egaonPar
k
nI

growthof0.
6% QoQ."
i

KumarPr
imus Hadapsar
e(

6,
500
ageRat

ManasApar
tment Nar
ayanPet
h

Per
ceptBount
y Kal
yaniNagar
6,
000
Aver

Sanskr
iti Wakad

5,
500 Si
lverBr
ook Bavdhan

Spi
rea Wakad
5,
000
Q122 Q222 Q322 Q422 Q123 Xr
biaHi
njewadi Hi
njewadi

Note: Note:
1.UCrat
eindexr
epresent
stheweight
edaveragepric
eofunder-const
ruct
ionproper
t i
esonMagi
cbr
ickswebsi
teasonMar2023. Theabovetabl
erepresentsthet
oppr oj
ectsbyconsumer
2.Thegr
aphrepr
esentstheaver
agerateofdominantassetc
lassineachl
ocal
ityoftheci
ty. pref
erenc
eonMagi c
br i
ckswebsitei
nQ12023.
Sour
ce:Magicbri
cksResearc
h

Changei
naver
ager
atesf
orl
ocal
iti
esi
nvar
ioussegment
s I
ntheNews

<7,
500 7,
500-
10,
000 >10,
000 1.PuneMunici
palCorporati
on(PMC)has
4.
51% "RM pr oper ti
es deci
dednottoincr
easet hepropertyt
ax
thi
syear,br
ingi
ngrelieftotheproper
ty
wi t nessedanaver age owners.
3.
06% rat eincreaseof4. 5%
2.Witht heassistanceofthestate’
s

1.
77%
QoQi nt he DepartmentofRegi st
rati
on&St amps,the
PuneMet r
opol i
tanRegionDevelopment
mi d-segment ,whileUC Authori
t y(PMRDA)hasbec omet hefirst
0.
18% pr opertiessaw the loc
alaut horit
yt oconducte-r
egistr
ati
on
ofPradhanMant riAwasYojana( PMAY)
highesti ncreaseinof flatsdirectlyfrom i
tsoffic e.
3.06% QoQi nt he<INR
-
1.13% 3.Aspar tofit
seffor tstoprepar ef
orthe
-
1.30% 7, 500psfsegment .
" upc omingmonsoonseason,PMRDAhas
RM UC RM UC RM UC .
. intensifieditsdriveagainstil
legal
structures.I
nJ anuary,theauthorit
y
Note:
Abovetabl
erepr
esent
sther
atec
hangesf
orRM andUCpr
oper
tiesf
ordomi
nantassetc
lassesi
neac
hloc
ali
tyundervar
iousr
atebuc
ket
s(I
NRpsf)asonMar2023. identified124suc hstr
uc t
uresandt ook
Sour
ce:Magi
cbr
icksResear
ch actiontobr i
ngdownt wooft hem.

© magi
cbr
icks.
com Page2
Demand-
Suppl
yAnal
ysi
s Pune|J
an-
Mar2023

Homebuyer sinPuneshowed 2BHKSr

emai
nthet
opc
hoi
cef
orhomebuyer
s&devel
oper
sinPune
i
nc l
inat
ionforaffordabl
e
properti
es DEMAND SUPPLY
Above3BHK 1BHK Above3BHK
Maj
ori
tyofthenew r
ealestat
edevel
opmentinPune 1BHK
6% 15% 5%
i
sconc
entr
atedinthenorthandnort
h-west
ernareas. 19%
3BHK
Owingt othei
rpr oxi
mi t
ytomaj oremploymenthubs, 26%
3BHK
premiereducationali
nstit
utions,anddevelopedr
etai
l
29%
i
nfrastruc
ture,AirportRoad,Baner,andWakad
conti
nuet ogarnertheinterestofbuyersand
developer
salike.
2BHK
Theshar eofproperti
esi
nt hepri
cebracketof<I
NR 2BHK
50%
50%
7,500psfaccountedforalmost60% ofdemandand
supply,underl
ini
ngbuyers'pref
erenceforaffordabl
e
Notes:
properti
esinthec i
ty.
1.Demandrepresentsproper
tysearc
hesonMagic
bri
ckswebsi
tedur
ingQ12023,segregat
edbyBedroom,Hal
l,Ki
tchen(
BHK)configur
ati
on.
2.Suppl
yrepresentsact
iveli
sti
ngsonMagic
bri
ckswebsi
tedur
ingQ12023,segr
egatedbyBHKconfigurat
ion.

“2BHKunit
scont
inuet obethe Sour
ce:Magic
bri
cksResear
ch

pref
err
edopti
onforboth
homebuyer
sanddevelopers.
” Pr
oper
tiespr
iced<I
NR7,
500psfc
ont
inuet
odr
ivet
her
esi
dent
ialmar
ket
-Intermsofbedr oom configur
ati
ons,2BHKunits
constit
ute50% oft hedemandandsupplyshar
e.Thi
s DEMAND SUPPLY
isfol
lowedby3BHKswi tha29% demandshar
eand
>10,
000 >10,
000
26% supplyshare. 10%
12%
-Withsever
alinfr
astructureproj
ectsunderway,the
7,
500-10,
000
demandandsuppl yforhousinginPuneisli
kelytoinc
h
25%
upfurt
herast heci
tycont i
nuestoattr
actmi grant
s
fr
om othertownsandc i
ties.
7,
500-10,
000
27% <7,500
<7,500
61%
65%

Notes:
1.Demandrepresentsproper
tysear
chesonMagi
cbr
ickswebsi
tedur
ingQ12023,segr
egatedbyrat
ebucket
s.
2.Suppl
yrepresentsact
iveli
sti
ngsonMagic
bri
ckswebsi
teduri
ngQ12023,segr
egatedbyratebuc
ket
s.

Sour
ce:Magi
cbr
icksResear
ch

TopMi
cro-
mar
ket
sbyConsumerSear
ches Propensi
tyofdemandandsuppl
yint
ermsofsear
chesandl
ist
ings Demand/Suppl
y
Demand
bylocal
iti
es
Mi
cro-
Mar
ket Min. Max. Rank Rank
Rat e Q1-
e Rat 23 Q4-
22

Ai
rpor
tRoad 5,
100 13,
000 1 1 Chakan
Wakad 5,
500 8,
900 2 3
Baner 5,
900 11,
200 3 2
Tal
egaonDabhade
Hadapsar 3,
900 11,
000 4 5
PaudRoad 5,
100 14,
000 5 6 Somat
nePhat
a
Wanwadi 4,
Kondhwa- 500 12,
500 6 4
S
Undr
i-Pi
sol
i 3,
900 8,
700 7 7 DehuRoad
Chi
khal
i
Pi
mpl
eSaudagar 5,
000 9,
100 8 10 Gahunj
e Moshi Char
hol
i

Pi
mpr
iChi
nchwad
Note: Bhosar
i
1.Topmicro-mar
ketsoft
hec i
ty,r
ankedbynumberofsearcheson
Char
hol
iBudr
uk
Magicbri
cksinQ12023. Di
ghi
2.Minimum andmaximum r
ateinthemicr
o-marketi
nINRpsf .
Sour
ce:Magicbr
icksResear
ch
Lohgaon
TopMi
cro-
mar
ket
sbyAc
tiveLi
sti
ngs Hi
njewadiPhase3 Waghol
i

Mi
cro-
Mar
ket Min. Max. Rank Rank Aundh
Sus
Rate e Q1-
Rat 23 Q4-
22

Ai
rpor
tRoad 5,
100 13,
000 1 1 Manj
ri
Hadapsar 3,
900 11,
000 2 2 Pi
rangut
Bhugaon
Baner 5,
900 11,
200 3 3
War
je U
Wakad 5,
500 8,
900 4 4 LoniKal
bhor
Wanwadi 4,
Kondhwa- 500 12,
500 5 5
Undr
i-Pi
sol
i 3,
900 8,
700 6 6
PaudRoad 5,
100 14,
000 7 7 Yewal
eWadi
Ki
rki
twadi
Dhanor
i-Lohgaon 4,
200 7,
200 8 8

©2023Mapbox©OpenSt
reet
Map

Note: Not e:
1.Topmicro-mar
ketsoft
hec i
ty,r
ankedbythei
rac t
ivel
ist
ingson 1.Abovemapdepi ctsthekeylocali
tiesofthecit
y,wi ththesizeofthebubbledepicti
ngdemand( c
onsumerpr
efer
enc
e)/
suppl
y(act
ivel
ist
ings)f
or
Magicbri
cksinQ12023. properti
esinthelocali
tiesonMagicbrickswebsit
ei nQ12023.
2.Minimum andmaximum r
ateinthemicr
o-marketi
nINRpsf. 2.Thisisanint
eractivemapavailabl
eonMagi c
bricks.com underPropi
ndexsection
Pleasegotohttps:/
/property.
magicbric
ks.com/microsite/
buy/propi
ndex/toaccesstheful
ldashboar
d.
Sour
ce:Magic
bri
cksResear
ch

© magi
cbr
icks.
com Page3
 Rat
eAnal
ysi
s Pune|J
an-
Mar2023

Q12023|Changei
nRat
esi
nKeyLoc
ali
ties

-
1.67% 1.56%
Kanhe Chakan

2.34%
Tal
egaonDabhade -
2.21%
Dehu
0.
00%
Chour
aiNagar 1.
89%
d Shi
krapur
-4.
42% 3.62% 2.
88%
Gahunj
e KaleCol
ony Tal
egaonDhamdher
e
4.
14%
Kor
egaonBhi
ma
2.39% 0.40%
Char
holiBudr
uk Lonikand

1.78% 9.85%
Phase3 5.99% Wadebolai
Wagholi
-1.
91%
Chande 0.46%
Sus

1.
62%
-
0.48% Manj
ri
-
1.07% Pirangut 4. 2.
26%
Mulshi 22%
Bhugaon 5.
71%
Bhukum -
1.62%
0.80% LoniKal Ur
uliKanc
han
bhor
Phursungi

4.
15% -6.
48% 6.
61%
MahadevNagar-
Dhayar
i WadachiWadi Wadki
©2023Mapbox©OpenSt
reet
Map

Not e:
1.Sizeofthebubbledepictsdemand,measur edbyvolumeofpr opertysearchesinlocali
tiesinQ12023.
-
5.00% 5.
00%
2.Colorofthebubblerepresentspricechangei
nQ12023,wi thgreencolorrepresenti
ngpr ic
eincreaseandr
edc
olorpr
icedec
rease.
3.Thisisanint
eracti
vemapavai l
ableonMagi c
bri
cks.com underPropindexsection
Pleasegotohttps:
//property.
magi c
br i
cks.
com/mi
crosite/
buy/propindex/toaccessthefulldashboard.

-Duet oahealt
hysuppl yofaffordablepropert
ies,l
ocal
iti
essuchasHi nj
awadi(1.
9%),Manjr
i(1.
6%) ,andWakad( 1.
6%)r ec
ordedappr ec
iati
oninthei
r
respecti
veaveragerates.
-Mid-segmentpropert
i esinVi
manNagar( 3.6%),Bibwewadi(2.1%),Baner(
1.9%),andWadagaonSher i(
1.8%)saw ahikeinthei
rrespecti
veaveragerat
esdue
toproximit
ytokeyempl oymenthubsandgoodc onnecti
vit
y.
-Denselypopulatedpr
emi um l
ocali
tiessuchasPrabhatRoad(-1.1%)andModelColony(
-1.
5%)wi t
nessedaQoQdec l
ineinaveragepropertyrat
es.
Sour
ce:
Magi
cbr
icksResear
ch

<I
NR7,
500psf I
NR7,
500-
10,
000psf >I
NR10,
00psf

Loc
ali
ty AvgRat
e Rate Loc
ali
ty AvgRat
e Rate Loc
ali
ty AvgRat
e Rat
eChange
(I
NRpsf) Change (I
NRpsf) Change (I
NRpsf)

NI
BM Annexe 6,
100 2.
53% Vi
manNagar 9,
300 3.
58% BundGar
denRoad 12,
700 2.
93%

Tat
hawade 6,
500 2.
46%
Bi
bwewadi 8,
700 2.
09%
Hi
njewadi 6,
000 1.
95% Er
andwane 13,
800 2.
14%

Khar
adi 7,
900 1.
99%
Manj
ri 5,
400 1.
62%
Shi
vaj
iNagar 13,
400 0.
82%
Wakad 6,
900 1.
57% Baner 8,
600 1.
94%

Chakan 3,
600 1.
56% Kot
hrud 10,
900 0.
03%
WadgaonSher
i 7,
600 1.
82%
Hadapsar 6,
200 1.
28%
Aundh 9,
400 0.
36% Kor
egaonPar
k 11,
700 -
0.34%
KondhwaBudr
uk 5,
600 1.
16%

Punawal
e 5,
600 1.
11% Bhusar
iCol
ony 9,
900 -
1.06%
Kal
yaniNagar 10,
700 -
0.45%
Pi
mpl
eGur
av 6,
400 -
0.07%
Ghor
padi 8,
200 -
1.71%

Si
nhagadRoad 7,
200 -
0.34% Pr
abhatRoad 16,
500 -
1.14%
Pi
mpl
eNi
lakh 7,
800 -
1.89%
Pi
mpr
iGaon 6,
600 -
0.81%

Kar
veNagar 9,
800 -
2.32% ModelCol
ony 15,
000 -
1.50%
Ol
dSangavi 6,
200 -
1.11%

Note:
1.Aboveisthelistofmajorlocal
iti
esofthecity,withinformati
onabouttheiraveragerateandQoQr atechangesi nQ12023.Thi
sisaninterac
t i
vetabl
eavailabl
eonMagic
bricks.
com underPr
opindexsecti
on.
2.Theloc
alit
yr atearecalc
ulatedbyaveragingt herateofallpr
operti
esinalocali
tyinmulti-
storeyandbuilderfloorsegmentsaf
terremovingtheoutli
erproperti
est
hatmightdistor
ttheoveral
lpri
ces.
3.Thethreetablesabovecategorizet
helocali
t i
esinvariousratebuc
kets.
4.Thecol
oroft henumber srepresent
sthepr i
cec hangeinQ12023,wi thgr
eenc olorrepr
esentingratei
ncrease,redcol
orrat
edecreaseandgr eyasneutr
al. Sour
ce:Magi
cbr
icksResear
ch

© magi
cbr
icks.
com Page4
Gl
ossar
y Pune|J
an-
Mar2023

Sl
.No Abbr
evi
ati
on Expl
anat
ion

1 BHK Bedr
oom,Hal
l,Ki
tchen

2 EWS Ec
onomi
cal
lyWeakerSec
tion

3 FY Fi
nanc
ialYear

4 I
NR I
ndi
anRupee

Weight
edaver
agepri
ceofproper
t yduri
ngthequar
teri
ndexedagai
nstthewei
ghtedaveragepr
iceoft
hebasequar
ter
.Basequar
teri
s14year
s
5 Rat
eIndex
ol
dbutinf
ormati
onprovi
dedforchangesini
ndex5year
sago,1yearagoand1quarterago.

6 psf persquar
efeet

7 PMC PuneMuni
cipalCor
por
ati
on

8 Q1 J
anuar
y,Febr
uar
yandMar
ch

9 Q2 Apr
il,MayandJ
une

10 Q3 J
uly,AugustandSept
ember

11 Q4 Oc
tober
,NovemberandDec
ember

12 QoQ Quar
teronQuar
ter

13 RERA RealEst
ateRegul
ator
yAut
hor
ity

14 RM Ready-
to-
Move

15 sf squar
efeet

16 UC Under
-Const
ruc
tion

17 YoY YearonYear

Formor
einf
ormat
ionandr
esear
chr
elat
edquer
ies,pl
easec
ont
act
:

Si
ddhartGoel|Researc
h&Edi t
ori
alHead Ni
kunjJoshi|Researc
hManager Prati
tKumarDas UpamaSen LopaRaval
si
ddhar
t .
goel
@magi cbri
cks.
com ni
kunj
.j
oshi@magi cbri
cks.
com Researc
hAnalyst Resear
chAnal
yst Resear
chAnal
yst

Pl oht
easegot tps:
//pr
oper
ty.
magi
cbr
icks.
com/mi
crosi
te/buy/pr
opi
ndex/t
oac
cesst
hef
ulldashboar
d.

Di
scl
aimer:Thedatapr
esent
edint
hereporti
scompi
ledbyMagi
cBr
icksf
rom mult
iplesour
ces.Magi
cBr
icksgi
vesnowarr
anty,expr
essori
mpl i
ed,astotheaccur
acy,rel
iabi
li
ty,andc
ompl
etenessofanyi
nfor
mat
ionanddoesnot
ac
ceptanyliabi
li
tyont
heinf
ormat
ionwhic
hmayormaynotbesubj
ecttochangefr
om timetoti
meduetoGovernment
alornonGovernmentalregul
ati
ons/di
rect
ions.

© magi
cbr
icks.
com Page5