2022 ANNUAL REPORT

A MILESTONE
YEAR FOR

RESIDENTIAL
REAL ESTATE
1 Message From Managing Partner
Sunil Agrawal & Associates

2 Indore Residential Real Estate

Overview ( in Year 2022 )

3 New Launch House

Prices Trend

4 Indore Real Estate

Micro-markets Overview

5 Budget Segmentation
of Housing Sales

6 Available Inventory Budget

Segmentation Wise

7 Emerging Trends Shaping The Indore

Residential Real Estate Landscape
 2022: A MILESTONE YEAR FOR INDORE RESIDENTIAL REAL ESTATE SUNIL AGRAWAL & ASSOCIATES

The year 2022 proved to be a phenomenal one for

the real estate industry in Indore, especially in the
residential segment. A robust demand from
end-users, coupled with lower home loan rates and
steadily growing home-ownership sentiments helped
residential real estate sales gain momentum. Despite
facing challenges such as rising construction costs,
inflation, and RBI rate hikes, the revenue from
property registrations saw an impressive 15% growth
in 2022-2023, amounting to a staggering 2100 crores.
Although housing launches were relatively modest
compared to the peak year of 2014, with around 3.58
lakh units launched across the top 7 cities, the market
remained active. Interestingly, affordable housing
witnessed a decline while mid-range and premium
housing dominated launches in 2022. Peripheral
locations led homebuyer demand, even in the
post-Covid-19 situation.
One significant trend that emerged during the year
was the resilience of the residential segment in the
face of increasing housing prices. Housing prices rose
by 44% in Q4 2022 vis-à-vis Q4 2021, which was
inevitable after a period of relative stagnation for 2-3
years. Despite these price hikes, increased home loan
rates did not seem to impact residential sales in 2022.
In conclusion, the real estate industry in Indore's
residential segment had a remarkable year in 2022,
with a strong demand from end-users, steady growth
in homeownership sentiment, and impressive revenue
growth. Despite challenges such as rising
construction costs, inflation, and RBI rate hikes, the
(Source: PropEquity India’s only real estate Intelligence Platform)

sector remained resilient and active, with interesting

trends emerging throughout the year.

Vipul Agrawal, Managing Partner

Sunil Agrawal & Associates
 2022: A MILESTONE YEAR FOR INDORE RESIDENTIAL REAL ESTATE SUNIL AGRAWAL & ASSOCIATES

INDORE RESIDENTIAL
REAL ESTATE OVERVIEW
(IN YEAR 2022)

SUPPLY ABSORPTION AVAILABILITY PRICE OVERHANG

(IN MONTHS)

974 Units 713 Units 261 Units `5588 11 All

1.26 MnSqft 0.18 MnSqft 0.45 MnSqft Wt. Avg.
7 Ready
(Source: PropEquity India’s only real estate Intelligence Platform)

(`/sqft)
`556.42 `288.24 `256.48 16 Under
Cur. Val in Cr. Cur. Val in Cr. Cur. Val in Cr. Construction

Note: Data includes only Apartment, Row Houses and Independent Floors.
 2022: A MILESTONE YEAR FOR INDORE RESIDENTIAL REAL ESTATE SUNIL AGRAWAL & ASSOCIATES

NEW LAUNCH HOUSE

PRICES TREND

6000

5000

4000

3000

2000

1000

0
Q1-2021 Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q4-2022

Location Wise Quarterly Wt. Avg Price of New Launches

Indore housing market is expected to

remain robust in 2023 backed by rising
consumer demand and growing
investments in infrastructure projects like
metro, highway, airports and rail by the
(Source: PropEquity India’s only real estate Intelligence Platform)

MP Government. With a strong pipeline

of residential projects, there is an
upsurge in the number of potential
homebuyers from Tier 3 cities as Indore
being the Medical and Educational Hub
of Central India . The city will continue a
strong thrust on mid-end and high-end
ticket sized launches by developers as
there is growing demand for spacious
homes that focus on providing safety,
security, convenience and a healthy
lifestyle to the homebuyers.

House prices
up by

44%
in Q4 2022
vis-à-vis Q4 2021
 2022: A MILESTONE YEAR FOR INDORE RESIDENTIAL REAL ESTATE SUNIL AGRAWAL & ASSOCIATES

INDORE
REAL ESTATE
MICRO-
MARKETS
OVERVIEW
Indore Micro Markets *:
Sanwer Road micro-market
gains the maximum
attention with 28%
absorption in 2022-2023.
Rau and Mangliya are emerging as
a strong Micro Market in Indore.

Homebuyers are preferring these

locations due to affordability and
connectivity to the Main City.

4.4%
SUPER
CORRIDOR 28.28%
SANWER
ROAD
7.7% 5.5%
BADA TALAWALI
BANGARDA CHANDA
16.16%
MANGLIYA
(Source: PropEquity India’s only real estate Intelligence Platform)

5.5%
JHALARIYA
4.4%
NIHALPUR

5.4%
KANADIA
ROAD

10.10%
HATOD
17.17%
RAU
 2022: A MILESTONE YEAR FOR INDORE RESIDENTIAL REAL ESTATE SUNIL AGRAWAL & ASSOCIATES

BUDGET SEGMENTATION
OF HOUSING SALES
5000

4000
U N I T S

3000
O F

2000
N U M B E R

1000

<30 Lacs 30-50 lacs 50-1 Cr. 1-2 Cr. 2 & Above

DEMAND FOR AFFORDABLE

& MID SEGMENT HOMES ON
(Source: PropEquity India’s only real estate Intelligence Platform)

AN UPWARD TRAJECTORY
IN INDORE
The tremendous growth of the it-ites sector over the past
few years has transformed indore city into a vibrant and
one of the most sought-after residential markets in India.
Aided by resilient economic activity, positive consumer
sentiments and a sense of home ownership, first seen
emerging during the Covid-19 pandemic, have resulted in
incessant rise of residential homes priced below 50 lakhs
in line with the homebuyers’ preferences, developers too
are concentrating on high-grade projects as demand for
large-format homes in Indore is anticipated to increase
over the next few years. Due to reverse migration, people
from metros are coming to Indore with a high purchasing
power and they have the preference for lavish and big
houses with ample amenities.
 2022: A MILESTONE YEAR FOR INDORE RESIDENTIAL REAL ESTATE SUNIL AGRAWAL & ASSOCIATES

AVAILABLE INVENTORY
BUDGET SEGMENT - WISE
Inventory Overhang (No. of Months)
140
128
120 114
108 109
102 104
102
100 114
95
91 90
80
65 65 64
60 56

43
40
31
24
20 16
11 11
10 8 6
0
Q1-2021 Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q4-2022

Affordable Mid Luxury

Affordable housing witnessed the

highest drop in the available inventory
in Q4 2022 vis-à-vis Q4 2021 among all
budget segments. Reduced supply chain
(Source: PropEquity India’s only real estate Intelligence Platform)

disruptions in the sector has helped

developers complete the existing affordable
housing projects and clearing
stocks-in-hand by approximately
60% in Q4 2022
vis-à-vis Q4 2021.

This was the

biggest supply
reduction in the
available stock amongst
all budget segments.

The luxury segment (INR 80 Lakh to INR

2.5 Cr) witnessed an increase in available
stock in the same period.
2022: A MILESTONE YEAR FOR INDORE RESIDENTIAL REAL ESTATE SUNIL AGRAWAL & ASSOCIATES

EMERGING TRENDS
SHAPING THE INDORE
RESIDENTIAL REAL ESTATE
LANDSCAPE

New supply is Demand for

expected to premium and
remain robust luxury homes will
remain strong

Strong consumer Robust infrastructure

sentiments and rising per development in indore
capita income to further like metro to boost
boost demand for demand and prices of
premium to luxury homes property in indore
and vacation homes

Home ownership to Reverse migration from

remain undeterred metros, will give major
with maximum sales to push to housing
be driven by end-users market of indore
At Sunil Agrawal and Associates (SAA), we believe that no deal is good for us if it's not
good for our customers. Keeping the interests of the customer ahead of everything,
we strive to get the right value for their money.

An entity that symbolises prosperity, properties and profits for all, Sunil Agrawal and
Associates (SAA) is one of the most renowned and trusted names in the real estate
sector of Indore. In its Twenty Five years of existence, the company has carved a
niche for itself with its biggest core strength of credibility and its ability to deliver
delightful solutions. Known for its landmark success in marketing and branding some
of the biggest housing projects of the city, Sunil Agrawal and Associates (SAA)
explores ways and means to ensure that it serves its clients in the best possible ways.

In a time span of 25 years, Sunil Agrawal and Associates (SAA) has achieved several
milestones with the successful branding of the most renowned projects of Indore.

Providing the best of consultancy to the end user and the best of marketing
strategies to the developers, we have been able to strike a great chord with smiles on
both the ends. This is the reason we count our experience in the number of smiles we
have generated.

Sunil Agrawal and Associates (SAA)

8889350999
Email: vipul@saa.one | Website: saa.one
414, Princess Business Sky Park
Opposite C-21 Mall, AB Road
Near Vijay Nagar, Indore, (M.P.) 452010

M.P's First RERA Registered Real Estate Consultant

RERA Registration Number: A-IND-17-002

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