RealtyRealm:Gurgaon

November2011
BasicOutlook
Gurgaon is the second largest city and the industrial and financial center of Indian state Haryana. It is located 30 km south of the national capital New Delhi. It is one of Delhi's four major satellite cities and is part of the National Capital Region of India. An 8 lane expressway, NH8, connects Gurgaon to Delhi and has reduced travel time between the two cities considerably. Gurgaon is also the only Indian city to have successfully distributed electricity connections to all its households. Multinational Companies choose to locate their operations in Gurgaon and have made it the call centre capital of India and an important financial center. Driven by a demand from ITeS Sector and residential buyer, 20052008 saw rise in property values, making Gurgaon an attractive destination for investor community. With the economy entering a slowdown in 2009, the proportion of end users increased due to significant correction in property prices. Developers therefore launched a number of new projects. This sector account for 28% of the total planned supply in the NCR region. For specific research we have divide Gurgaon in 4 sectors: Sector A: DLF City / Golf Course Road Sector B: Golf Course Extension Road lf d Sector C: Sohna Road Sector D: Manesar

MapofGurgaon

Sohna Road

Source:InternalResearch

RealtyRealm:Gurgaon
November2011
SectorA:DLFCity/GolfCourseRoad
This micro market comprises of prominent localities such as DLF Phase IV, Golf Course Road and Sushant Lok. Being the residential, retail and commercial hub of the city, this sector is well connected to Delhi. Business travelers are attracted due to the significant presence of MNCs and bluechip companies here. One of the top rated business schools, Management Development Institute is located in this area. DLF Mega Mall, Gallerias and Entertainment Parks such as Kingdom of Dreams form the landmarks for this region. Comprising mainly of high income growth population, this catchment has considerable space constraints making upcoming supply limited.

ListofProjects
ProjectName TheBelaire Esencia TheMagnolias TheVerandas LaLaguna Ourania Parsvnath Exotica LaLagune Developer DLFLtd Ansal API DLFLtd SalujaConstruction CompanyLtd Suncity ProjectsLtd. Neelkanth TownPlanners Pvt.Ltd. ParsvnathDevelopersLtd. ABWInfrastructureLtd Location DLFCityPhaseV GolfCourseRoad GolfCourseRoad GolfCourseRoad GolfCourseRoad Sector53,GolfCourseRd Sector53,GolfCourseRd Sector54
No.of Units

PropertyValue
July 2011 saw residential property prices for this micro market at Rs.7500 per sq.ft. levels, increasing constantly since 2010.
8000 7500 7000 6500 6000 5500 5000 4500 4000 3500 3000 2008H1 2008H2 2 2009H1 2 2009H2 2010H1 2 2010H2 2011H1 Jul11 2005 5 2006 6 2007 7

560 300

166 314 325 900 315

H1:FirstHalf;H2SecondHalf

SupplyinVariousPriceSegments
Majority of the residential property prices in this region fall in the p price range of above Rs.1 Cr. Capital values are higher in this area g p g as it is the heart of the city.
Rs.5Cr.& Above10% Rs.45Cr.5% Upto1Cr. 40% Rs.34Cr. 25%

Rs./Sq.Ft

360

SupplySegmentedUnitWise
This sector comprises mainly of 3BHK, 4BHK and 5BHK units with an average area of 2000 sq.ft, 3500 sq.ft and g q , q 6000 sq.ft respectively.
5BHK20% 2BHK35%

4BHK25% Rs.23Cr. Rs.12Cr. 10% 10%

3BHK20%

Overview
Residential property prices have seen a considerable increase in the year 2011 due to steady demand for apartments from the upper and middle class segments. Property prices are expected to be on an upward slope for the year 2012.
Disclaimers:Listofprojectsprovidedareindicativeandnotexhaustive.Source:InternalResearch

RealtyRealm:Gurgaon
November2011
SectorB:GolfCourseExtensionRoad
This micro market comprises of Sector 49,50,5663 and 6569. This location has gained prominence due to declining affordability levels and limited space availability of Golf Course Road/ DLF City. Good connectivity with Sohna Road and Golf Course Road has lead to rapid commercial developments in this region. This area caters primarily to the upper middle class and high income category population.

ListofProjects
ProjectName SovereignApartments M2KSpringFloor TheHibiscus Harmony WoodStockFloors SouthCityII Escape TheClose The Close ThePalmSpring Aloha TheGrandArch RaisinaResidency IREOSkyon PioneerPark EmeraldFloorsPremier3 EmeraldFloors EmeraldFloorsSelect EmeraldEstate GolfEstate ParkPrime BPTPMansionsParkPrime PalmStudio PalmTerraces Marbella PalmDrive SkyTerraces PalmDrive PremierTerraces GardenTerraces Garden Terraces IREOUptown ParkViewSpaNext VictoryValley M3MMerlin Skyville TulipPurple TulipViolet Sunbreeze Developer Vatikagroup M2KInfrastructurePvtLtd. SSGroup Unitech Unitech Unitech Unitech Unitech EmaarMGF Aerens Developers&Engineers IREO TataHousing(JVwithRaheja) IREO PioneerUrbanLand&InfraLtd. EmaarMGF EmaarMGF EmaarMGF EmaarMGF M3MDevelopers BPTPLtd. BPTPLtd. Emaar MGF EmaarMGF EmaarMGF EmaarMGF EmaarMGF EmaarMGF Emaar MGF IREO BestechIndiaPvt.Ltd. IREO M3MDevelopers EraGroup TulipInfratechPvt.Ltd. TulipInfratechPvt.Ltd. Unitech Location Sector49 Sector50 Sector50 Sector50 Sector50 Sector50 Sector50 Sector50 Sector 50 Sector54 Sector57 Sector58 Sector59 Sector60 Sector61 Sector65 Sector65 Sector65 Sector65 Sector65 Sector66 Sector66 Sector66 Sector66 Sector66 Sector66 Sector66 Sector66 Sector 66 Sector66 Sector67 Sector67 Sector67 Sector68 Sector69 Sector69 Sector69

PropertyValue
f No.of Economic slowdown saw the property values dipping Units to the lowest level in first half of 2009. However, an 200 uptrend is noticed in the same since then. 100 270 5500 340 147 5000 1224 4500 600 360 4000 309 3500 187 1500 3000 299 750 900 300 500 H1:FirstHalf;H2SecondHalf 50 SupplyinVariousPriceSegments Supply in Various Price Segments 888 1400 Relatively more affordable than Sector A, almost 60% 466 of the upcoming supply falls in the Rs.13 Cr bracket. 168 48 Upto 200 Rs.0.75Cr. Rs.3Cr.& 400 7% Above19% 100 1000 Rs.0.751 1256 Cr.15% C 15% Rs.23Cr. 600 10% 440 800 500 Rs.11.50 800 Rs.1.502 Cr.29% 350 Cr.20% 1152 672

Rs./ /Sq.Ft

2008H1

2008H2

2009H1

2009H2

2010H1

2010H2

SupplySegmentedUnitWise
Majority of this sector comprises mainly of 2BHK, 3BHK and 4BHK units with and average area of 1250 sq.ft, 2000 sq.ft and 2750 sq.ft. respectively
5BHK5% Villas5% 2BHK20% 4BHK35% 3BHK35%
Disclaimers:Listofprojectsprovidedareindicativeandnotexhaustive.Source:InternalResearch

Overview
Residential property prices have increased marginally over the year 2011. Capital values are expected to improve in the year 2012 due to this regions proximity to other sectors.

2011H1

Jul11

RealtyRealm:Gurgaon
November2011
SectorC:Sohna Road
This micro market comprises of Sectors 30, 31, 38, 40, 41, 4548, 51, 52, 7073. A lot of investor interest has been noticed in this sector for both residential and commercial developments. Middle income group population is the target segment for this micro market. Orchid Business Park, Iris Tech tower and Universal Trade Towers are the landmark commercial spaces in this locality.

ListofProjects
ProjectName TheWorldSpa TheVillas TheResidences ParkViewSpa UniworldGardens II BelgraviaPhaseII BelgraviaPhaseIII Belair PhaseIV TatvamVillas PalmGroveHeights MarinaFloors p y TulipIvory SouthPark AstarireGardens CHDAvenue71 Avenue71 AlderGrovePhaseII NirvanaCountry2 UnitechExquisite Primanti CanaryGreens SpazePrivy CapellaUniworldCity Vistas Developer Unitech Unitech Unitech BestechIndiaPvt.Ltd. Unitech CentralParkEstatesPvtLtd CentralParkEstatesPvtLtd CentralParkEstatesPvtLtd VipulGroup ArdeeInfrastructurePvt.Ltd. Location Sector30 Sector33 Sector33 Sector47 Sector47 Sector48 Sector48 Sector48 Sector48 Sector52 f No.of Units 1056 206 1300 400 672 432 432 NA 290 300 260 264 800 100 863 650 200 230 312 900 608 530 NA 896

PropertyValue
Property prices for this sector has seen a steady increase since the second half of 2009. However prices remained stable in July 2011.
5000 4500 4000 3500 3000 2500 2000 2005 2006 2007 2008H1 2008H2 2009H1 2009H2 2010H1 2010H2 2011H1 Jul11

PalInfrastructure&DevelopersPvt.Ltd. Sector70 TulipInfratechPvt.Ltd. p Unitech BPTPLtd. CHDDeveloper RootsDevelopersPvt.Ltd. Unitech Unitech Unitech TataHousing TodayHomesandInfrastructureLtd SpazeTowersPvt.Ltd. Unitech Unitech Sector70 Sector70 Sector70A Sector71 Sector71 Sector71 Sector71 Sector71 Sector72 Sector73 SohnaRoad SohnaRoad SohnaRoad

H1:FirstHalf;H2SecondHalf

Rs./Sq.Ft

SupplyinVariousPriceSegments Supply in Various Price Segments

50% of the planned supply in this region falls in the Rs.0.501 Cr. bracket and another 40% falls in the Rs.1 Cr. and above category.
Rs.2Cr.& Above20% Upto Rs.0.50Cr. 10%

Rs.1.502 Cr.10% Rs.11.50 Cr.10%

Rs.0.501 Cr.50%

SupplySegmentedUnitWise
70% of this sector comprises mainly of 23BHK units. 12003200 sq.ft. is the average size of apartments in this micro market.
Villas3% 5BHK3% 4BHK15% 2BHK35% 1BHK8% Duplex/ Penthouse1%

Overview
It is expected that the increasing mismatch in demand supply due to the general slowdown in the economy will keep the residential property prices stable in 2012.

3BHK35% Disclaimers:Listofprojectsprovidedareindicativeandnotexhaustive.Source:InternalResearch

RealtyRealm:Gurgaon
November2011
SectorD:Manesar
This micro market comprises of Sectors 7695, 99113 and M1M15. Catering mainly to the auto components industry, commercial activity here is present in the form of small and medium sized units along NH8. This region has limited social infrastructure in place and comprises of under construction projects of a number of developers. Industrial Model Township (IMT) is an important landmark for this sector. Large container trucks for transporting cars is a common sight on NH8 due to the presence of Maruti Udyogs manufacturing facility. The proposed metro connectivity and improvement in infrastructure will improve real estate projects in this region.

SupplyinVariousPriceSegments
Catering mainly to the middle income population, 30% of the planned supply falls in the Upto Rs.0.50 Cr. bracket and 40% in the Rs.0.500.75 Cr. bracket.
Rs.2Cr.& Above8% Rs.12Cr.7% Rs 1 2 Cr 7% Rs.0.751Cr. 15% Upto0.50Cr. Upto 0 50 Cr 30%

PropertyValue
Residential property prices have been stable from second half of 2010 with average capital value at Rs.3100 per sq.ft. in July 2011.
3500

Rs./Sq. .Ft

3000 2500 2000 1500 200 08H1 200 08H2 200 09H1 200 09H2 201 10H1 201 10H2

Rs.0.500.75 Cr.40%

H1:FirstHalf;H2SecondHalf

SupplySegmentedUnitWise
90% of this sector comprises mainly of 2BHK, 3BHK and 4BHK units with and average area of 1200 sq.ft, 1800 sq.ft and 2800 sq.ft. respectively
Duplex/ D l / Penthouse 1% 5BHK3%

Overview
Few houses and industrial units are noticed in Manesar, being an emerging residential region in Gurgaon. This leads to limited end user demand for residential units. Given the slowdown in the economy and oversupply pressures, property values are expected to remain stable in 2012.

Villas5%

1BHK1% 2BHK29%

4BHK21%

3BHK40%

Source:InternalResearch

201 11H1

Jul11

2005

2006

2007

RealtyRealm:Gurgaon
November2011
ListofProjects
ProjectName EarthCopia Aditya Niketan ExpressGreens Amstoria CentrumPark Estella RahejaVedanta j TheVedas Chintel Paradiso Shilas Raheja Atharva Raheja Srishti Sobha InternationalCity Enigma MahindraAuraPhaseIII CapitalGateway Ninex Corona ILDSpireGreens AmbienceIsland Catriona ParkSerene ParkSerenePhaseII SpacioParkSerene RamprasthaCity KarmaLakelands VeronaHills NonexCity PalmHills WinterHills Courtyard MonsoonBreezePhaseI MonsoonBreezePhaseII GodrejFrontier Raaga ParkViewAnanda LavanyaApartments MapskoCasaBella MapskoRoyalVille UniversalAura i l BelleuveResidences BelleuveResidences VatikaIndiaNext PalmGarden VatikaIndiaNextGurgaon21 VatikaIndiaNextLifestylehomes GurgaonOne AntrikshHeights TheCoralwood SignatureVillas Si t Vill CarnationResidency AsterCourt CityHomes TownHouses TulipAce TulipPetals NewTownHeights TheFernhill ParkwoodWestend RahejaNavodaya Raheja Navodaya RahejaSampada PalCityPark NCROne NCRGreens Developer EarthInfrastructure ABWInfrastructureLtd DLFLtd BPTPLtd. IndiaBulls SiddharthaGroup RahejaDevelopers j p RahejaDevelopers ChintelsIndiaLtd RahejaDevelopers RahejaDevelopers RahejaDevelopers SobhaDevelopers IndiaBulls MahindraLifespaceDevelopersLtd TasheeGroup NinexGroup p ILDMillenniumPvtLtd AmbienceInfrastructure BPTPLtd. BPTPLtd. BPTPLtd. Ramprastha Builders Unitech ABWInfrastructureLtd Ninex Group GVector Umang Realtech Pvt Ltd RootsDevelopersPvtLtd UmangRealtechPvtLtd UmangRealtechPvtLtd GodrejProperties AkmeGroup BestechIndiaPvtLtd VipulGroup MapskoGroup MapskoGroup UniversalGroup i l Vatikagroup Vatikagroup Vatikagroup EmaarMGF Vatikagroup Vatikagroup AlphaGCorp Antriksh EngineersConstructionCorp SSGroup Vatikagroup V tik OrrisInfrastructurePvtLtd Orris InfrastructurePvt Ltd Vatikagroup DLFLtd TulipInfratechPvtLtd TulipInfratechPvtLtd DLFLtd AnsalAPI ParkwoodGroup RahejaDevelopers Raheja Developers RahejaDevelopers PalInfrastructure&DevelopersPvtLtd SidharathaGroup Sidharatha Group Location DwarkaExpressway NH8 Sector1 Sector102 Sector103 Sector103 Sector108 Sector108 Sector109 Sector109 Sector109 Sector109 Sector109 Sector110 Sector110 Sector111 Sector37 Sector37C Sector37D Sector37D Sector37D Sector37D Sector37D Sector37D Sector76 Sector76 Sector77 Sector77 Sector78 Sector78 Sector78 Sector80 Sector80,NH8 Sector81 Sector81 Sector82 Sector82 Sector82 Sector82 Sector82 Sector82 Sector83 Sector83 Sector83 Sector84 Sector84 Sector84 Sector84 S t 84 Sector85 Sector85 Sector85 Sector86 Sector89 Sector89 Sector90,91 Sector91 Sector92 Sector92 Sector 92 Sector92 Sector95 Sector95 Sector95 No.ofUnits 600 3000 676 420 1100 557 603 200 NA 184 480 NA 840 400 110 468 800 800 335 504 616 488 600 328 600 400 450 NA 105 NA NA NA 500 720 570 912 650 NA 412 412 550 1200 970 418 NA 960 522 266 1200 1326 639 80 266 280 3100 780 300 559 336 800 548 376

Disclaimers:Listofprojectsprovidedareindicativeandnotexhaustive.Source:InternalResearch

RealtyRealm:Gurgaon
November2011
Disclaimers
This Document is for information only and should not be regarded as an offer to sell or as a solicitation of an offer to buy the property mentioned in it. In case you require further information you are requested to contact your advisor or write to realestate@iiflw.com. IIFL Wealth Management Limited may receive financial benefits out of circulation of this document or subsequent sale of thereof. IIFL Wealth Management Limited has exercised due diligence in checking the correctness and authenticity of the information, however IIFL Wealth Management Limited does not guarantee its accuracy and completeness of information contained herein above. The opinions expressed are current opinions as of date of this report and may be subject to change from time to time without notice. India Infoline Limited (IIFL) or any of its associates/ affiliates directly or through its/their employees assumes no responsibility for any transaction(s) or their consequences, entered into on the basis of this document. Potential investors are required to check any and all data and information, title of the property and verify the terms and conditions of the investment proposal directly with the developer/ seller before committing to any transaction.