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Sudhir PaiBusiness Head, Magicbricks.com

PropIndex entered the fourth year of operations. In the first issue of theseries, PropIndex reflected the cautiously positive consumer sentimentwith the National Property Index rising by 1 per cent in the Apr-Jun 2014quarter. The City Index values too, remained even across cities with amarginal increase or drop of 1 per cent, except in Delhi.

Demand for property in the Upto Rs 20 lakh dropped across the country,contrary to the industry buzz that this is undersupplied and in greaterdemand. The 2BHK unit remained the most popular category across cities,reflecting the aspiration of urban dwellers to own a property that wouldmatch their lifestyles. The most preferred price range remained Rs 30-50 lakh, where supply was in plenty and the budget was within reachof the middle class, which remained out of the market for a few quarters.

Luxury properties, though in greater demand, remained over-supplied asdevelopers across the country chose to build in this category. As more unitshit the market, consumers have started choosing locations, budgets andconveniences in this category. Luxury values across cities have beenincluded as a separate annexure.

Rental values either dropped or stabilised in the quarter. The percentagegrowth in rental values was arrested as consumers again started lookingfor the buy option. Unlike the previous quarter, where rental values rose by5-10 per cent, in this quarter, it dropped by upto 5-6 per cent, across cities.

Demand preferences remained the same as in the previous quarters butwas not evenly spread across the city. Locations near economic corridorscontinued to post greater demand. However, unlike the previous quarter,besides IT, the manufacturing sector too, drove demand in select cities suchas Chennai. In Mumbai, the commercial hubs of the Bandra-KurlaComplex and even Thane drove demand. The completion of infrastructureprojects such as the Santa Cruz-Chembur Link Road and the the MetroPhase-I from Versova to Ghatkopar, which eased connectivity to thecommercial hubs, also contributed to change in demand patterns.

The Union Budget of 2014-15 presented recently, has addressed the housingmarket’s concerns in many ways. It has featured budget housing, financeissues, township development road map and development of smart cities aspart of the main Budget. While the outcome will take a while, the urbaninfrastructure and housing provisions are expected to boost sentiment.

These are exciting times and change is in the air. Share your views on thisreport and how we could make PropIndex even better. Write in [email protected].

FOREWORD

APR-JUN 2014

In the Apr-Jun 2014 quarter, nomajor change was recorded in therespective City Indices, exceptDelhi, which registered a drop of4 per cent. All other Indicesexhibited minus 1 to plus 1 per cent change, indicating aslow market. No significantincrease was noted in supply,showing a cautious approach.

NPI is a weighted average ofsupply and values across 11 citiesin India. Average capital valuesacross cities showed a rangebound movement. On the otherhand, unlike the previous quarter,average rental values exhibited adrop. This resulted in a marginalrise or stable rental values in thelast six months.

Lack of policy favourable for thereal estate and no reduction in thehome loan interest rates after theformation of the new governmentalso impacted sentiments,contributing to the stable City

Index values. This led to a smallrise of 1 per cent in the NPI.

Bangalore, Chennai, Gurgaon,Kolkata and Pune noted a smallrise of 1 per cent in the CityIndex. On the other hand, Noida,Ghaziabad, Vadodara andMumbai City Indices remainedunchanged. Ahmedabad andHyderabad showed a small drop of1 per cent. Of the 12 cities tracked,Pune and Ghaziabad recorded thelowest number of localities with adrop in the average capital values.

The new government has laidspecial emphasis on the realestate sector in the Union Budget 2014-15.

With the modified version of RealEstate Investment Trusts (REITs),the development of 100 Smart Cities, reducing the sizeand capital requirements ofprojects eligible for FDI,launching affordable housingschemes to proposing additionaltax incentives on home loan, the

government has announced a slewof measures to infuse fresh lifeinto the real estae sector.

In this edition of the PropIndex,we have also included Vadodaraas an independent city. Theresidential market of Vadodararemained stable, with maximumdevelopment in and around thegrowth corridors such as OldPadara Road, Sama Savli Road,Waghodia Road and Gotri Road.

n Of the 12 cities 9 showed minorchanges in the CityIndices, while rentalmarket showedsubdued trends inmajority of the cities

n Properties worth uptoRs 30 lakh recorded asignificant drop indemand, whereas,properties worthabove Rs 30 lakh,across the budgetcategories, witnesseda rise

n Demand for 2BHKunits rose by 1-5 percent across the cities,except Gurgaon

IN THIS REPORT:

National Property Index...............1

Mumbai.....................................4

Annexures.................................17

Luxury......................................18

NATIONAL PROPERTY INDEX (NPI)

VOL 4, ISSUE 1; APR-JUN, FY 2014-15

APR-JUN 2014

propindex.magicbricks.com

Source: Magicbricks.com

02VOL4, ISSUE 1; APR-JUN, FY 2014-15propindex.magicbricks.com

NATIONAL PROPERTY INDEX

l Except Gurgaon, all other citiesrecorded growing demand of 1-5 per cent for 2BHK units

l Properties worth Rs 30-50 lakhcontinued to top the buyerpreference chart with amarginal increase of 1 per centfrom the previous quarter

l Demand for mid-segmentproperties worth Rs 50-70 lakhand premium properties worthRs 1-2 crore rose by 6 per cent

l Supply of premium propertiesin 8 of the 12 cities outstrippeddemand

The Ahmedabad City Indexagain dropped by 1 per cent in theApr-Jun 2014 quarter. This wasprimarily on account of a drop inthe capital values by 1-4 per centin large number of localities inthe city. This kept the City Indexvalue intact. On the supply side,no significant change wasregistered in the current quarter.South Bopal showed maximumincrease in listings. The ListedPrice Monitor showed a similardrop of 1 per cent.

The Delhi City Index registered amaximum drop of 4 per centduring the Apr-Jun 2014 quarter.Increase in availability ofproperties on sale primarily in the

single floor units and drop in theaverage capital values by 1-9 per cent contributed to thedrop in the City Index. UttamNagar in West Delhi noted themaximum increase in supply,followed by Safdarjung Enclave inSouth Delhi. Over 80 per cent oftotal housing demand was forapartments. With nearly 45 per cent demand, 2BHK unitscontinued to be the most preferredBHK category at the city level,followed by 3BHK units with 41 per cent demand.

Similar to the previous quarter,the Gurgaon City Index rose by 1 per cent in the Apr-Jun 2014quarter as well. The Listed PriceMonitor, on the other hand,remained stable, unlike theprevious quarter where itrecorded a drop of 1 per cent. No major change was recorded inaverage capital values in thecurrent quarter. However, therental market showed a drop,unlike the previous quarter.

Similar to the previous quarter,the Noida City Index showed nochange. Increase in availability ofresidential apartments for salecoupled with an overall stabilityin the average capital valuesarrested the growth of the CityIndex. This too, kept the ListedPrice Monitor unchanged in thecurrent quarter.

Unlike the drop of 1 per cent inthe Jan-Mar 2014 quarter, theGhaziabad City Index alsoremained unchanged. The ListedPrice Monitor recorded a drop of1 per cent. Unlike other parts ofthe Delhi-NCR, Ghaziabad posteda rise between 1-3 per cent incapital values. Lal Kaun at 11 per cent was an exception.

Over 65 per cent of residentiallocalities tracked in the citywitnessed a rise in the averagecapital values. This arrested thefall of the City Index inspite ofslow uptake in the residentialmarket. The Mumbai City Indexremained unchanged in the Apr-Jun 2014 quarter unlike theprevious quarter where itregistered a rise of 1 per cent. The Listed Price Monitor alsoremained unaltered against the


Locality RankQ1 Q4

Mumbai 1 1

Bangalore 2 2

Pune 3 3

Chennai 4 4

Gurgaon 5 8

Kolkata 6 6

New Delhi 7 7

Hyderabad 8 5

Ghaziabad 9 9

Noida 10 10

Preferred Cities - Sale

Note: Q4 Apr-Jun 2014, Q1 Jan-Mar 2014

Preferred Cities - RentLocality Rank

Q1 Q4

Mumbai 1 1

Pune 2 2

Bangalore 3 3

New Delhi 4 4

Chennai 5 5

Hyderabad 6 6

Gurgaon 7 7

Ghaziabad 8 10

Kolkata 9 8

Noida 10 9Note: Q4 Apr-Jun 2014, Q1 Jan-Mar 2014



03VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

2 per cent rise it witnessed in theJan-Mar 2014 quarter.

East and West Pune remained themost preferred residentialcorridors, quarter-over-quarter. No significant change was noted inthe average capital values. Theincrease or drop in values wasregistered between minus 4 to 6 per cent, with a healthy supply.This led to a 1 per cent rise in thePune City Index.

A 1 per cent increase wasregistered in the Kolkata CityIndex. Inspite of increase in theaverage capital values in majorityof the localities tracked in the city,the Listed Price monitor remainedunchanged. Statistics showedmaximum residential developmentin South and East Kolkata,followed by North Kolkata. Thecity continued to yield higherrental returns of over 3 per cent,owing to lower base price ofproperty and healthy rental valuesin comparison to othermetropolitan cities.

Similar to the previous quarter,the Chennai City Index continuedto rise. It rose by 1 per cent yetagain in the Apr-Jun 2014 quarter.The Listed Price Monitor reporteda drop of 2 per cent in the currentquarter against a rise of 4 per centin the Jan-Mar 2014 quarter.Residential properties worth Rs 40-60 lakh remained the mostpreferred budget category, followed

by properties in the budget rangeof Rs 20-40 lakh at 25 per cent.

Post the peace that followed theTelangana decision, Hyderabadseemed to have stabilised. Theresidential property sector wasrelatively subdued in the Apr-Jun 2014 quarter, as comparedto the Jan-Mar 2014 quarter. TheHyderabad City Index dropped by 1 per cent, primarily attributed tostable property prices and infusionof new inventories at a steadypace. This arrested the City Indexgrowth. The Listed Price Monitoralso dropped by 1 per cent asagainst a drop of 3 per cent in theprevious quarter.

Bangalore City Index rose by 1 per cent, in line with the NPI.With buyer sentiments in a wait-and-watch mode post elections, theBangalore market has been mostlypassive, resulting in little changein property values in the currentquarter. There was no change inthe Listed Price Monitor. However,the rental market was subdued inthe current quarter unlike theprevious quarter.

The Vadodara City Index valueremained unchanged during theApr-Jun 2014 quarter. Drop in theaverage capital values in areaswitnessing maximum developmentarrested the growth of the CityIndex. This resulted in the CityIndex value remaining unchangedin the current quarter.

Upto Rs 20 Lakh Rs 20-30 Lakh Rs 30-50 Lakh Rs 50-70 Lakh Rs 70-100 Lakh Rs 1-2 Crore Rs 2 Crore & Above

National - Consumer Budget Preference

30%

25%

20%

15%

10%

5%

0%

1%

5%

25%

21%

17% 18%

12%

TOP Y IELD GROSSERS

Gross yield is a ratio of average annualrental value to the average capital valueof the property. Given below are the topyield-grossing localities in each city.

Locality Gross yield

Bangalore, Sarjapur Road 4.97%Kolkata, Banshdroni 4.78%Hyderabad, Nallagandla 4.41%Ahmedabad, Vejalpur 4.20%Chennai, OMR 3.92%Delhi, Uttam Nagar 3.62%Noida, Sector-92 3.42%Mumbai, Parel 3.31%Pune, VL Vishrantivadi 3.18%Ghaziabad, Indirapuram 3.01%Gurgaon, Sushant Lok 2.99%

CAPITAL GAINS

The table given below indicatesmaximum increase in capital values ineach city.

Locality % Change

Ghaziabad, Lal Kuan 11.36%

Bangalore, Sahakar Nagar 10.27%

Hyderabad, Begumpet 9.20%

Kolkata, Narendrapur 8.46%

Mumbai, Mulund West 7.66%

Ahmedabad, Ghatlodia 7.46%

Chennai, Anna Nagar West 6.69%

Pune, Kalyani Nagar 5.85%

Noida, Sector-93A 4.75%

Delhi, Kalkaji 3.31%

Gurgaon, Sector-67 2.08%


Source: M

agicbricks.com

PROPINDEX - MUMBAIThe city recorded a rise in capitalvalues in over 65 per cent of thetracked localities. This arrested the fallof the City Index. The index rose by 1 per cent during the current quarter.The muted growth in values resulted instable Listed Price Monitor.

Most Western Suburbs such asGoregaon East and West, KandiviliEast and West, Mira Road and MulundWest witnessed a rise in capitalvalues. These localities also continuedto rule the charts of preferred localitiesfor rent and sale. Thus, increasedbuyer preference in these localitiespushed up capital values.

Localities such as Malad West,Andheri East, Thane West and Parelwitnessed a drop in values, whichheld the upward movement of theListed Price Monitor.

With outright purchase resuming, therental market, which had witnessed arobust rise in the previous quarter,stabilised. Values dropped in the rangeof 1-10 per cent in almost all localitiesas opposed to a similar rise witnessedin the previous quarter.

The impact of dropping rental valueswas visible in the rental yield acrossvarious localities. The MagicbricksYield Meter ranged from 1.8-3.31 per cent in the Apr-Jun 2014 quarteras against the range of 1.73-3.45 per cent noted in the previous quarter.Parel clocked the highest rental returnsin the quarter.

Demand in different budget categoriesvaried from zone to zone. Forinstance, Thane and localities BeyondThane witnessed maximum demandin the Rs 20-50 lakh range. Supplywas also aligned likewise. In Southand Central Mumbai, demand wasconcentrated in the Rs 2 crore andAbove category. However, in mostzones premium properties pricedabove Rs 2 crore were over-supplied.

As far as BHK configurations wereconcerned, buyer’s preference waslargely towards smaller housing units.Maximum demand was noted for 1 and 2BHK units across zones.South Mumbai was an exceptionwhere 2 and 3BHK units were morepopular. However, supply for the1BHK units fell short of the existingdemand across all zones. On the otherhand, larger units (4BHK and Above)were over-supplied in the marketacross all zones.

Mumbai City Index remained unchanged in the Apr-Jun 2014quarter unlike the previous quarter where it registered a rise of1 per cent. Similarly, the Listed Price Monitor also remainedunaltered against the 2 per cent rise it witnessed in the Jan-Mar2014 quarter. The NPI rose by 1 per cent in the current quarter

l Over 65 per cent of the trackedlocalities in the city witnessed arise in the average capitalvalues. This arrested the fall ofthe City Index inspite of theslow uptake

l The capital market exhibitedstable property values withminor increase or drop in theApr-Jun 2014 quarter. Inmajority of the residentialpockets, change in the averageprice remained within 1-4 per cent

l Availability of residentialapartments on rent went up bymore than 5 per cent whencompared to the previousquarter. This adversely affectedthe rental values in the city.Kharghar in Navi Mumbairecorded the maximum increasein the availability of propertieson lease

l Maximum yield was recorded inareas of Central Mumbai. Thegross rental returns oninvestment in Mumbai rangedbetween 1.80-3.31 per cent

l Sewri and Wadala zone, underCentral Mumbai, yielded the

maximum rental returns. Thiswas primarily on account ofimproved connectivity

l Seven out of the 10 preferredlocalities for sale in Mumbaiwere in the West Zone. Almostsimilar trend was registered inthe rental market

l One third of the total demandfor residential property wasrecorded in the ranges of Rs 50-100 lakh. Properties worthRs 1-2 crore remained the secondmost demanded at 25 per cent

l Residential houses valued at Rs 2 crore and Above recorded amarginal over-supply. Themaximum gap was witnessed inareas of Central and SouthMumbai

l Demand for 1BHK unitscontinued to outstrip supply.The maximum mismatch wasnoted in localities along theHarbour Line

l Over 40 per cent demand wasrecorded for 2BHK units acrossthe city, except in localitiescovered under South Mumbaiand the Beyond Thane zones

Key Takeaways

E d i t o r i a l

MUMBAI 04VOL4, ISSUE 1; APR-JUN, FY 2014-15propindex.magicbricks.com


l Listed Price Monitor remained unchanged in the Apr-Jun 2014 quarter

l Mulund West reported a significant rise of 8 per cent in capital values in the current quarter

l Drop in capital values ranged from 1-4 per cent inthe present quarter in localities such as Malad West,Andheri East, Ghodbunder Road, Thane West, KoperKhairane and Khar West

l Kandivali West and Powai saw a rise of 4 per cent incapital values, followed by Malad West and MiraRoad which witnessed an increase of 3 per cent.Andheri West and Chembur reported no change invalues in the present quarter

L I S T ED PR I CE MON I TOR

Locality Average Rental Average Capital Gross

Value (Rs/sqft/mth) Value (Rs/sqft) Yield

Bandra West 80.00 40,875 2.35%

Powai 40.00 18,050 2.66%

Parel 75.00 27,150 3.31%

Andheri West 44.75 20,400 2.63%

Chembur 35.75 16,775 2.56%

Goregaon East 34.00 14,975 2.72%

Kandivali East 30.00 14,100 2.55%

Malad West 34.00 14,850 2.75%

Juhu 62.50 31,600 2.37%

Palm Beach 24.25 16,175 1.80%

Y I E L D M E T E R

l During the Apr-Jun 2014 quarter, the Yield Meterrecorded a range of 1.80-3.31 per cent which wasmore or less similar to the previous quarter, wherethe Yield Meter clocked returns in the range of1.87-3.47 per cent

l Parel registered the highest rental yield of 3.31 per cent among all localities followed byMalad West which marked 2.75 per cent gross yield

l Other localities with high rental returns includedGoregaon East, Powai, Andheri West, Chemburand Kandivali East with the rental yield rangingfrom 2.55-2.72 per cent in the current quarter

l With the lowest rental values among the totaltracked localities, Palm Beach recorded the lowestgross yield of 1.80 per cent in the current quarter

RENT MON I TOR

l Most of the localities in Mumbai registered a drop of1-6 per cent in rental values in the current quarter

l Kharghar and Bandra West registered the maximumdrop of 6 per cent in rental values in the Apr-Jun 2014 quarter

l Borivali East, Kandivali East, Kamothe, MulundWest and Ghatkopar West were the only localitiesthat registered a rise of 2-4 per cent

l Other localities that registered significant dropincluded Andheri West, Goregaon East andSantacruz West. All these localities saw a drop of 4 per cent in rental values. Chembur, Mira Road andSewri reported no change

0%

MUMBAI05VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

Source: Magicbricks.com Source: Magicbricks.com


PREFERRED LOCALITIES

l In the Apr-Jun 2014 quarter, Andheri East topped thelist of the top ten preferred localities for sale. Thelocality moved up two spots to occupy the top spot

l Even though both Kharghar and Mira Roadregistered a rise of 2-3 per cent in capital values,they both slipped one position each to settle atsecond and third slots, respectively

l Both Kharghar and Mira Road offered the lowestcapital values among the top ten localities, whileAndheri West registered the highest

l Andheri West, Kandivali East, Goregaon East andBorivali West retained their respective fourth, fifth,sixth and seventh positions in the present quarter

l Chembur was the new entrant in the top tenpreferred localities for sale in the current quarter

l Powai was another locality that slipped a position inthe current quarter even after registering a rise of 4 per cent in capital values. The locality occupied theninth spot

l Though Powai registered a significant drop of 6 per cent in rental values in the current quarter, thelocality inched up two positions and occupied thetop slot in the list of preferred localities for rent

l A similar trend was in noted in Kharghar as well.The locality improved its standing in the list andoccupied the fifth position, though registering adrop of 6 per cent

l Andheri East retained its second position in the listin the current quarter as well

l Goregaon East, Bandra West, Chembur and Airolicontinued to hold their respective fourth, eighth,ninth and tenth positions

l Although Kandivali East was the only locality in thelist that registered a rise of 2 per cent in rentalvalues, the locality slipped one position to settle atthe sixth spot

l Andheri West and Malad West were other localitieswhich saw a drop in their positions

RENT


Locality Rank Capital %ageQ1 Q4 Values change

Andheri East 1 3 13850 to 17650 -2%

Kharghar 2 1 6650 to 8400 2%

Mira Road 3 2 6650 to 8150 3%

Andheri West 4 4 18500 to 23800 0%

Kandivali East 5 5 12850 to 16300 1%

Goregaon East 6 6 13650 to 17350 3%

Borivali West 7 7 13400 to 16550 3%

Malad West 8 9 13450 to 17350 -1%

Powai 9 8 16500 to 20850 4%

Chembur 10 - 15150 to 19700 0%

SALE


Locality Rank Rental %ageQ1 Q4 Values change

Powai 1 3 36000 to 47000 -6%

Andheri East 2 2 34500 to 44000 -3%

Andheri West 3 1 40500 to 52500 -4%

Goregaon East 4 4 31000 to 39500 -4%

Kharghar 5 7 11000 to 14500 -6%

Kandivali East 6 5 27500 to 34500 2%

Malad West 7 6 31000 to 39000 -2%

Bandra West 8 8 71500 to 95500 -6%

Chembur 9 9 32500 to 41500 0%

Airoli 10 10 18500 to 22500 -

Nallasopara, Virar, Badlapur, Panvel, Neral, Karjat

Home in your Budget

Upto Rs 20 Lakh

l Maximum supply of affordableproperties priced upto Rs 50lakh was offered in localities ofNavi Mumbai and Thane

l Properties priced Rs 1-2 crorewere the most supplied inWestern Suburbs in KandivaliEast, Andheri East, Malad West,Andheri West, Goregaon East

l Localities around commercialhubs witnessed the maximumsupply of properties priced Rs 2 crore and Above

Mira Road, Kharghar, Ulwe, Kamothe, Panvel, VasaiRs 20-50 Lakh

Kharghar, Mira Road, Ghodbunder Road, KamotheRs 50-100 Lakh

Kandivali East, Chembur, Andheri East, Malad WestRs 100-200 Lakh

Bandra West, Powai, Goregaon East, Worli, Andheri EastRs 2 Crore & Above




With property prices still affordable in the suburbs, investors with limitedbudget showcased a keen interest in property investment. The real estatelandscape of Thane saw key announcement of extension of the Mumbai Metrotill Thane. How it will impact property prices has to be seen.

4 hotspots to invest Rs 20-40 lakh near MumbaiTo buy a residential property in Mumbai may require you to make a minimuminvestment of Rs 1 crore, but for those who can invest only Rs 20-40 lakh should not getdismayed. There are many such property options in areas around Mumbai such asAsangaon, Nashik, Panvel and Ulwe. These areas are witnessing fast real estatedevelopment and offer property at very low prices when compared to other areas ofThane and Navi Mumbai.

n Magicbricks Bureau

Mumbai Metro services to be extended till Thane From Ghatkopar, the first metro would be extended to Wadala towards Mumbai, TeenHaat Naka and Kasarwadavli towards Thane to form the metro region’s fourth route.Prithviraj Chavan, Chief Minister of Maharashtra, on June 14 said that the governmentis expecting a final feasibility report on this route within a month’s time. This routewould be implemented on the lines of Metro 3 at an estimated cost of Rs 22,000 crore andwill have 29 stations on the 32-km route.

n Times of India

R E A L T Y N E W S

To read full story and more news go to www.content.magicbricks.com

The biggest boost to Real Estate is thesimplification of building laws and singlewindow clearance. Delayed approvals upsetthe schedules of development of projects andlower consumer confidence. Granting ofindustry status would give developers accessto cheaper funding. Raising FSI, in tune withthe growth trajectory, keeping in mind theinfrastructure and factoring the growth inpopulation is also important.

Ramprasad PadhiFounder & CEO -MumbaiProperties

E X P E R T S P E A KBroker

Mumbai realty market showed positivetraction from end users and investors.Flexibility in payment and pricing andinterested home buyers increased thenumber of enquiries and sales. The lastquarter saw stable prices and new launches.Projects with 20:80 and 25:75 schemesreceived encouraging responses from buyers.In the festive season we are expecting morepositive and interesting results.

Sumit JainNational Director,Finance &Administration, Colliers International

Consultant

Gautam Thacker Director, MarketingVijay Group

Q&A

How has Mumbai and suburbsperformed in the last quarter withrespect to capital values in differentareas? Why?

Capital values remained intact in the cityin the last quarter. However, the volumeof sales has gone down as many areanticipating policy reforms with the newgovernment being formed.

Which budget ranges have done well inthe last quarter and why?

If we look at Thane and Navi Mumbai realestate, along with the affordablesegments, it was interesting to see the Rs 1–1.5 crore segment of the propertiesshowing movement.

What type of property remained indemand?

From 1, 2, 3 and 4BHK units - all type ofproperties were in demand. Thaneparticularly offers all type of propertyconfigurations, catering to all segments ofthe society. With MIDC (MaharashtraIndustrial Development Corporation)offices nearby, the small-scalebusinessmen were keen on acquiring4BHK units, whereas 1 and 3BHK unitswere popular among the salaried class.

Which areas or corridors have seen themaximum launches in the last quarterand which areas are expected to seenew launches/possession in the comingmonths?

Badalapur-Karjat Belt is seeing highresidential and infrastructuredevelopment. This belt is particularlycatering to people looking for propertywithin Rs 15-40 lakh budget, which isdifficult to find in any other part ofMumbai city.

Any new infrastructure project that hadan impact on the real estate market inthe last few months or is expected toimpact the market in coming months?

In the last quarter, a lot happened interms of infrastructure and connectivity.The completion of the last leg of theEastern Freeway Expressway enhancedthe connectivity till Ghatkopar.


40

30

20

10

0<20 20-50 50-100 100-200 200 &

above

1

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

1

23 22

33 34

25 25

18 18

(Jan-Mar 2014)

(Apr-Jun 2014)

Budget wise Analysis - City Level

DEMAND

40

30

20

10

0<20 20-50 50-100 100-200 200 &

above

3Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

4

1821

30 29

2422

25 24

(Jan-Mar 2014)

(Apr-Jun 2014)

SUPPLY

Budget wise Analysis

l As in the previous quarter,demand (34%) and supply (29%)were inclined towards the Rs 50-100lakh category. The Rs 1-2 crorecategory was the next preferredwith 25 per cent demand, followedclosely by supply at 22 per cent

l An oversupply of 6 per cent in theRs 2 crore and Above category wasrecorded. Its demand was 18 per cent and supply 24 per cent.Demand and supply were similarfor the Rs 20-50 lakh category

DEMAND - S UPP LY ANALYS I SIn Mumbai, buyers continued to prefer smaller units. Demand for 1BHK was highest while itssupply fell short by 15 per cent. Demand and supply for 2BHK units was evenly matched. Anoversupply was registered in the larger units.

Properties in the Rs 50-100 lakh budget range continued to be the most demanded. However, thesupply for the same saw a shortfall of 5 per cent. An oversupply was noted in the Rs 2 crore andAbove category. Demand and supply were almost synonymous for Rs 20-50 lakh and Rs 1-2 crorecategories. More than 90 per cent demand and supply was noted for apartments while the demandand supply for residential houses and plots was negligible.

Property wise Analysis

l Demand and supply forapartments remained synonymous.The category recorded 96 per centdemand, a rise of 3 per cent fromthe previous quarter. The supplyremained constant at 93 per cent

l While the supply of residentialhouses remained constant at 6 per cent, demand saw a drop of 2 per cent in the present quarter.As observed in previous quarter,there was a negligible demand andsupply for plots in Mumbai

BHK wise Analysis - City Level

l As in the previous quarter, smallerunits (1 and 2BHK) recorded aconsolidated demand of 87 per centwhile the supply for the same was75 per cent

l Both demand and supply of 3BHKcategory was almost stable in thepresent quarter. While the demandwas 12 per cent, supply stood at 19 per cent. The 4BHK and Abovecategory saw negligible demand(1%) while the supply for the samestood at 6 per cent

BHK Configuration - City Level

50

40

30

20

10

0

46 47

39 40

13 12

2 1

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

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)

1 BHK 2 BHK 3 BHK 4 BHK &above

DEMAND SUPPLY

50

40

30

20

10

0

31 32

43 43

20 19

6 6

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

1 BHK 2 BHK 3 BHK 4 BHK &above

Property wise Analysis - City Level

100

80

60

40

20

0

9396

53 2 1

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

Apartment Residential House Residential Plot

DEMAND

100

80

60

40

20

0

93 93

6 61 1

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

Apartment Residential House Residential Plot

SUPPLY


Source: M

agicbricks.comS

ource: Magicbricks.com

Source: M

agicbricks.com

Except for the 4BHK and Above units, demand was uniformly distributed among all othercategories in South Mumbai. While 1 and 2BHK units were undersupplied, 3BHK and4BHK and Above categories were oversupplied. A significant rise of 6 per cent was notedin the demand of apartments in the current quarter.

Premium properties worth Rs 2 crore and Above were the most preferred budget range.The category saw a 9 per cent rise in demand, though remaining behind its supply at 91 per cent. An undersupply was seen in the Rs 50-100 lakh and Rs 1-2 crore categories.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-50 lakh

Rs 50-100 lakh

Rs 1-2 crore

Rs 2 crore and above

DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Demand and supply for the Rs 2 crore and Above category washighest in South Mumbai. The category registered 74 per centdemand, a significant rise of 9 per cent. Supply for the same stood at91 per cent, indicating a gap of 17 per cent

l In the Rs 1-2 crore category, demand noted a drop of 8 per cent andstood at 11 per cent. Supply was insufficient at 5 per cent. Similarmismatch was observed in the Rs 50-100 lakh category wheredemand was 12 per cent while its supply was merely 2 per cent

l Similar to the previous quarter, there was insignificant demand of1-2 per cent in both Upto Rs 20 lakh and Rs 20-50 lakh categories

DEMAND & SUPPLY - South Mumbai


l Demand and supply of apartments was almost synonymous in theApr-Jun 2014 quarter. The category saw a demand of 97 per cent, asignificant rise of 6 per cent from the previous quarter. The supplyfor the same saw a nominal rise of 1 per cent in the current quarterand stood at 94 per cent

l Lower Parel, Mahalakshmi, Mahim, Matunga West, Prabhadevi,Tardeo and Worli registered maximum demand for apartments

l There was a 5 per cent drop in the demand for residential houses inthe current quarter. While the supply of residential houses was at 6 per cent, its demand stood at 3 per cent. The category was mostpreferred in Dadar West, Mahim and Worli

BHK wise Analysis

l The demand for 2BHK units was 33 per cent, highest in the zone,while its supply was 26 per cent, falling short of demand by 7 per cent

l Demand for the 3BHK category saw a rise of 6 per cent and stood at31 per cent. Supply for the same saw a marginal rise of 2 per cent inthe current quarter and stood at 39 per cent. A gap of 8 per cent wasnoted in the demand and supply

l While 1BHK units were undersupplied, the 4BHK and Abovecategory was oversupplied. There was 29 per cent demand and 13 per cent supply for 1BHK units. Supply for the 4BHK and Abovecategory led demand by 15 per cent

Q4 Q1

7463

19

12 12

11

Q4 Q1

9190

Q4 Q1

91978

Q4 Q1

93 947

Q4 Q1

2931

34

25 31

33

10 7

Q4 Q1

1314

29

37 39

26

20 22

DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

6

6





Central Line saw a consolidated demand of 85 per cent for 1 and 2BHK units. Though thesupply for 2BHK units was evenly matched, 1BHK apartments remained undersupplied.The 3BHK category saw an oversupply of 9 per cent in the current quarter.

Maximum demand and supply was seen for premium properties worth Rs 1 crore andAbove. A significant demand of 58 per cent was observed. Supply for the same was moreor less similar with 62 per cent availability. An undersupply was recorded in the Rs 20-50lakh and Rs 50-100 lakh categories while the Upto Rs 20 lakh category was over-supplied.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-50 lakh

Rs 50-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l There was 35 per cent demand for the Rs 1-2 crore category met byalmost equal supply at 37 per cent. While demand saw a 4 per centrise, its supply fell by 1 per cent

l Even though the demand for both Rs 20-50 lakh and Rs 50-100 lakhcategories saw a drop of 4 per cent, both the categories recorded anundersupply. The demand for Rs 20-50 lakh was 15 per cent whilesupply was 10 per cent. For Rs 50-100 lakh category, demand was 26 per cent and supply 20 per cent

l Demand (23%) and supply (25%) for Rs 2 crore and Above categorywere synonymous. The Upto Rs 20 lakh category recorded anoversupply of 7 per cent

DEMAND & SUPPLY - Central Line, Mumbai


l Apartments continued to record the highest demand and supply.While demand stood at 94 per cent, the supply remained at 91 per cent, similar to the previous quarter. Bhundup West, Powaiand Mulund West recorded the maximum supply in this category

l Residential houses were marginally over supplied in the zone. Whilethe category registered 4 per cent demand, its supply was at 7 per cent. Demand for residential houses was restricted to MasjidBandar, Mulund West, Kalyan and Bhandup West

l Demand and supply for plotted development remained synonymousand insignificant in this quarter, with both standing at 2 per cent.Karjat and Neral saw the maximum demand for plots

BHK wise Analysis

l The 2BHK units replaced 1BHK as the most preferred BHKconfiguration. The category saw 43 per cent demand, a smallincrease of 2 per cent from the previous quarter. Supply for thesame was corresponding at 42 per cent

l A mismatch was seen in the demand and supply of the 1BHKcategory. While there was considerable demand of 42 per cent, itssupply was 29 per cent, falling short of demand by 13 per cent

l Similar mismatch was observed in the 3BHK category. The gapbetween demand and supply was 9 per cent. The category saw 14 per cent demand while its supply stood at 23 per cent. The 4BHKand Above category was least demanded and supplied

Q4 Q1

2318

31

30

1915

26

35

Q4 Q1

2528

38

2120

37

Q4 Q1

93 94

Q4 Q1

92 91

Q4 Q1

4242

41

15 14

43

Q4 Q1

2927

41

26 23

42

DEMAND SUPPLY

8

109

7

6

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

7

6





Demand was more for smaller units (1 and 2BHK) gaining preference of more than 75 per cent buyers. The supply for 2BHK units was similar, while 1BHK units were undersupplied. The supply of 3BHK and 4BHK and Above categories outnumbered the demand.

An oversupply was witnessed in the Rs 2 crore and Above category with supply leading itsdemand by 25 per cent. All other categories were undersupplied in the zone. Apartmentswere the most popular property type in the zone. The category registered 97 per centdemand closely followed by supply at 95 per cent.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-50 lakh

Rs 50-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l The Rs 2 crore and Above category recorded 52 per cent demand, asignificant rise of 11 per cent from the previous quarter. Its supplywas 77 per cent, registering a gap of 25 per cent

l An undersupply was recorded in the Rs 20-50 lakh, Rs 50-100 lakhand Rs 1-2 crore categories. While demand for Rs 1-2 crore categorywas 23 per cent, supply stood at 15 per cent. Demand for Rs 50-100lakh category was 16 per cent, a rise of 5 per cent over the previousquarter. Supply was a nominal 5 per cent, indicating a mismatch of11 per cent

l There was negligible supply for Rs 20-50 category while its demandstood at 8 per cent

DEMAND & SUPPLY - Central Mumbai


l Demand for apartments in Central Mumbai led its supply by 2 per cent. The category recorded a demand of 97 per cent, a rise of 3 per cent from the previous quarter. The supply for the same was 95 per cent, similar to the previous quarter

l Demand for apartments was concentrated at Dadar East, MatungaEast, Parel, Sewri, Sion and Wadala, all of which observed anincrease in demand in the current quarter

l There was a nominal dip of 2 per cent in the demand for residentialhouses in the current quarter. The category recorded 3 per centdemand and 5 per cent supply. Parel, Sion and Wadala registeredmaximum demand for the category in the zone

BHK wise Analysis

l Demand and supply mismatch was visible in all configurations.Larger units (3 and 4BHK and Above) saw an oversupply, while thesmaller units (1 and 2BHK) were undersupplied

l The 2BHK category noted maximum demand of 40 per cent andsupply of 37 per cent, remaining stable for the past six months.There was 37 per cent demand for the 1BHK category while supplywas merely 16 per cent, a visible mismatch of 21 per cent

l There was 21 per cent demand for the 3BHK category, while supplyfor the same led demand by 13 per cent. The 4BHK and Abovecategory saw an insignificant demand of 2 per cent while its supplywas 13 per cent

Q4 Q1

5241

25

21

12 8

16

23

Q4 Q1

7781

14 15

Q4 Q1

9497

Q4 Q1

96 95

Q4 Q1

3737

41

19 21

40

Q4 Q1

1614

38

34

37

1313

35

DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot





Demand was inclined towards 1BHK units while supply was more for the 2BHK category.The demand and supply for 1BHK units registered a mismatch with supply falling short ofits demand by 12 per cent. An oversupply was witnessed in the 3BHK category.

The Rs 50-100 lakh range saw maximum demand of 31 per cent while supply was more forthe Rs 1-2 crore category. Demand and supply was synonymous for the Rs 20-50 lakh andRs 1-2 crore categories in the present quarter. An undersupply was observed in the Rs 50-100 lakh category, while the Rs 2 crore and Above category remained oversupplied.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-50 lakh

Rs 50-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Demand for Rs 20-50 lakh and Rs 50-100 lakh categories remainedconsistent with the previous quarter, while the supply saw avariation of 1-2 per cent. The Rs 50-100 lakh category had 31 per centdemand and 24 per cent supply, indicating a mismatch of 7 per cent

l Demand (18%) and supply (17%) for the Rs 20-50 lakh category weresimilar. A gap of 5 per cent was registered in the demand and supplyfor the Rs 2 crore and Above category. While the demand was 22 per cent, its supply was 27 per cent

l The Rs 1-2 crore category recorded a corresponding demand (28%)and supply (29%), where demand increased by 1 per cent and supplydropped by the same

DEMAND & SUPPLY - Western Suburbs, Mumbai


l Demand for apartments in the Western Suburbs was almostcorresponding to its supply in the current quarter. While the supplyremained constant at 94 per cent, there was a nominal rise of 2 per cent in demand, which stood at 97 per cent

l Mira Road and East and West Andheri, Goregaon, Kandivali, Maladand Santacruz saw the maximum demand and supply of apartments

l A marginal drop of 1 per cent was seen in the demand forresidential houses. Supply remained unchanged at 6 per cent whilethe demand was merely 3 per cent. Demand for residential houseswas restricted to Andheri East and West, Borivali West, GoregaonEast, Kandivali West, Mira Road and Virar

BHK wise Analysis

l Units of 1BHK continued to remain the preferred configurationwith 47 per cent demand. Similar to the previous quarter, supplywas well behind at 35 per cent, registering a gap of 12 per cent

l Units of 2BHK were almost matching with the demand at 39 per cent and supply at 41 per cent. This was also similar to theprevious quarter. The 3BHK category also remained stable with amarginal drop in both demand and supply in the Apr-Jun 2014quarter. While the demand was 12 per cent, its supply stood at 19 per cent, exceeding demand by 7 per cent

l There was negligible and consistent demand (2%) and supply (5%)for the 4BHK and Above category

Q4 Q1

2223

27

31

18 18

31

28

Q4 Q1

2726

30

26 24

29

Q4 Q1

95 97

Q4 Q1

94 94

Q4 Q1

4747

38

13 12

39

Q4 Q1

3533

42

20 19

41

DEMAND SUPPLY

1716

6

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

6





Demand and supply in all budget ranges in Navi Mumbai were synonymous. Affordablecategories of Rs 20-50 lakh and Rs 50-100 lakh saw maximum demand (76%) and supply(79%) in the zone. Demand and supply for all other categories remained subdued.

A significant demand for 1BHK units was noted in the zone but supply for the sameremained insufficient. The category registered 48 per cent demand and 35 per cent supply.On the contrary, the 2 and 3BHK apartments were over-supplied. Apartments remainedthe preferred property type with over 95 per cent demand and supply.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-50 lakh

Rs 50-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Demand and supply in all categories in Navi Mumbai wassynonymous. The Rs 20-50 lakh category saw 31 per cent demand, a drop of 4 per cent from the previous quarter. Its supply stood at 34 per cent

l Similar to the previous quarter, the Rs 50-100 lakh category sawmaximum demand of 46 per cent. Supply for the same closelyfollowed at 45 per cent. Demand and supply for Rs 2 crore and Abovecategory was matching at 6 per cent

l Supply for the Rs 1-2 crore category was 14 per cent, consistent tothe previous quarter, demand saw a marginal rise. The Upto Rs 20 lakh category recorded negligible demand and supply

DEMAND & SUPPLY - Navi Mumbai


l Both demand and supply registered a rise of 5 and 2 per centrespectively in the Apr-Jun 2014 quarter. The category saw 97 per cent demand and 95 per cent supply. The demand and supplyof apartments was concentrated at Airoli, Ghansoli, Kamothe,Kharghar, Koper Khairane, Panvel, Seawoods, Ulwe and Vashi

l Demand and supply of residential houses registered a decline of 2 per cent in the current quarter. The category saw a demand of 2 per cent, while supply was double at 4 per cent

l Demand for residential plots saw a drop of 3 per cent in the currentquarter. However, both demand and supply remained negligible at 1 per cent in the zone

BHK wise Analysis

l This zone recorded 91 per cent demand and 85 per cent supply forsmaller units (1 and 2BHK) in the current quarter. Individually, the1BHK category recorded a 48 per cent demand and 35 per centsupply, registering a gap of 13 per cent.

l Demand for 2BHK units was 43 per cent, remaining stable. Supplyfor the same was 50 per cent, consistent with the previous quarter

l The 3BHK category also saw an oversupply. While demand for thesame was 9 per cent, a dip of 2 per cent from the previous quarter,its supply remained at 12 per cent, similar to the Jan-Mar 2014quarter. The 4BHK and Above category recorded negligible demandand supply in the current quarter

Q4 Q1

15

44

35 31

46

16

Q4 Q1

14

48

32 34

45

14

Q4 Q1

9297

Q4 Q1

93 95

Q4 Q1

4846

42

11 8

43

Q4 Q1

36 35

50

1212

50

DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

6

6 6





In Thane, the Rs 50-100 lakh category noted highest demand of 54 per cent while thesupply for the same stood at 47 per cent. While the demand and supply for Rs 20-50 lakhcategory was corresponding, Rs 1-2 crore category witnessed an oversupply of 4 per cent.

Smaller units of 1 and 2BHK recorded a consolidated demand of 90 per cent in the presentquarter. While the supply for 2BHK units was corresponding, it fell short by 12 per centfor the 1BHK units. Supply for the 3BHK category led its demand by 9 per cent in the Apr-Jun 2014 quarter.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-50 lakh

Rs 50-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l The zone saw highest demand and supply for Rs 50-100 lakh category.There was 54 per cent demand for the budget range while the supplyfor the same was 47 per cent

l Supply for the Rs 1-2 crore category remained stable at 31 per cent,its demand saw a nominal rise of 3 per cent in the current quarterand stood at 27 per cent. Demand (6%) and supply (7%) for Rs 2 croreand Above category were synonymous in the present quarter

l The demand and supply for Rs 20-50 lakh category werecorresponding at 12 per cent. While the demand saw a drop 5 per cent, its supply increased by 4 per cent in the current quarter

DEMAND & SUPPLY - Thane, Mumbai


l As in the previous quarter, apartments were the most preferredproperty type in Thane. There was 95 per cent demand, a rise of 4 per cent from the previous quarter. Supply for the same stood at 93 per cent, witnessing a nominal drop of 2 per cent. GhodbunderRoad, Hiranandani Estate, Majiwada, Manpada, Thane West andVasant Vihar saw the maximum demand

l Demand for residential houses saw a dip of 3 per cent in the presentquarter. The category registered a supply of 6 per cent, a nominalrise of 2 per cent from the previous quarter

l Similar to the previous quarter, demand and supply for residentialplots in the zone was negligible at 1-2 per cent only

BHK wise Analysis

l Demand for the 2BHK category matched its supply at 46 per cent inthe Apr-Jun 2014 quarter. Both demand and supply of the categorywere consistent to the previous quarter

l The 1BHK category also remained stable though registering amismatch. While demand was 44 per cent, its supply was 32 per cent,falling short of demand by 12 per cent in the present quarter

l Similarly, demand and supply for the 3BHK category also remainedstable for the past six months. The category registered 10 per centdemand and 19 per cent supply, indicating a mismatch of 9 per cent.The 4BHK and Above category recorded negligible demand andsupply in the Apr-Jun 2014 quarter

DEMAND SUPPLY

Q4 Q1

52

1712

54

24 27

Q4 Q1

51

8 12

47

3131

Q4 Q1

9195

Q4 Q1

95 93

Q4 Q1

4343

45

11 10

46

Q4 Q1

31 32

46

1920

46

77

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

6 6

6 6





Buyers in Beyond Thane zone continued to favour affordable properties. Maximumdemand was towards Rs 20-50 lakh category though its supply fell short by 13 per cent.Premium properties worth Rs 1 crore and Above saw negligible demand. Apartmentswere the most preferred property type.

Smaller units of 1 and 2BHK registered a consolidated demand of 98 per cent. However, amismatch was observed in both the categories. The 1BHK category was under supplied,while 2BHK and 4BHK and Above units were oversupplied.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-50 lakh

Rs 50-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Among all zones, Beyond Thane recorded the highest demand forthe Rs 20-50 lakh category. There was 74 per cent demand, a rise of 4 per cent from the previous quarter, while its supply stood at 61 per cent, indicating a mismatch of 13 per cent

l Similar mismatch was observed in the Upto Rs 20 lakh and Rs 50-100lakh categories. The Upto Rs 20 lakh category saw an oversupply of19 per cent with merely 3 per cent demand and 22 per cent supply.Demand for the Rs 50-100 lakh category was 21 per cent while supplyfell short by 6 per cent

l The demand and supply for higher budget categories of Rs 1 croreand Above was negligible

DEMAND & SUPPLY - Beyond Thane, Mumbai


l Demand for apartments saw a rise of 7 per cent while a nominalincrease of 2 per cent was seen in supply. The category recorded a 90 per cent demand closely followed by supply at 84 per cent

l Among all zones, the demand and supply for plots was most in theBeyond Thane zone. A respective drop of 3 and 2 per cent wasobserved in demand and supply. While the demand stood at 6 per cent, the supply was at 4 per cent

l Supply for residential houses remained constant at 12 per cent inthe current quarter while demand saw a drop of 4 per cent.Dombivli East, Kalyan and Badlapur registered maximum demandfor this category

BHK wise Analysis

l Among all zones, Beyond Thane recorded maximum demand andsupply of 1BHK units. A demand of 71 per cent and 55 per centsupply was seen, registering a mismatch of 16 per cent

l The 2BHK category, next preferred, saw 27 per cent demand. Similarto the previous quarter, an oversupply of 2BHK was seen with 36 per cent availability, indicating a mismatch of 9 per cent

l Larger units (3 and 4BHK and Above) registered negligible demandin the Apr-Jun 2014 quarter. While supply for the 4BHK and Abovecategory was negligible, the 3BHK category saw an oversupply with8 per cent availability

Q4 Q1

20

70

7

74

21

Q4 Q1

15

59

24 22

61

15

Q4 Q1

8390

Q4 Q1

82 84

Q4 Q1

7171

25 27

Q4 Q1

54 55

36

88

37

DEMAND SUPPLY

81212

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot

9 66





In Harbour Line, demand was towards the Rs 20-50 lakh category with 34 per cent buyerslooking for property in this range. Its supply was insufficient at 16 per cent. Supply in thezone was maximum for the Rs 2 crore and Above category.

While 1BHK units remained undersupplied, larger units (3BHK and 4BHK and Above)were oversupplied. Demand for 1BHK units led its supply by 23 per cent, while the supplyfor 3BHK and 4BHK and Above units exceeded it demand by 13-14 per cent respectively.More than 90 per cent demand and supply was recorded for apartments.

BHK wise Analysis


Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Rs <20 lakh

Rs 20-50 lakh

Rs 50-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Demand (21%) and supply (24%) for Rs 1-2 crore category werealmost synonymous. Supply for the Rs 2 crore and Above categoryled its demand by 15 per cent. The category saw 28 per cent demandand 43 per cent supply

l Similar mismatch was observed in the Rs 20-50 lakh category. Whilethe demand remained stable at 34 per cent, its supply increased by 5 per cent and stood at 16 per cent. A gap of 18 per cent wasregistered in the category

l There was a drop of 5 per cent in the demand of Rs 50-100 lakhcategory which stood at 16 per cent. Supply was 13 per cent, a rise of3 per cent from the previous quarter

DEMAND & SUPPLY - Harbour Line, Mumbai


l There was a 7 per cent increase in the demand for apartments in theApr-Jun 2014 quarter. While demand for apartments was 93 per cent,its supply was 96 per cent, almost consistent to the previous quarter

l Both demand and supply for apartments was concentrated at BhaktiPark, Chembur and Panvel. All three localities saw an increase inboth demand and supply in the current quarter

l While the supply of residential houses remained constant at 4 per cent, the category recorded a significant drop of 6 per cent inthe demand for the same in the present quarter. The property typewas most preferred in Alibag, Chembur and Panvel

BHK wise Analysis

l Demand for the 2BHK category was 42 per cent, consistent to theprevious quarter. Supply for the same witnessed a rise of 2 per centand stood at 38 per cent

l Similar to the previous quarter, the 1BHK category wasundersupplied in the zone. The category saw 37 per cent demandwhile the supply was only 14 per cent, registering a mismatch of asignificant 23 per cent

l Larger units (3BHK and 4BHK and Above) saw an oversupply. Therewas 32 per cent supply for 3BHK units and 16 per cent supply for the4BHK and Above category. Demand for the 3BHK and 4BHK andAbove units stood at 18 per cent and merely 3 per cent, respectively

DEMAND SUPPLY

Q4 Q1

21

34 34

16

2021

Q4 Q1

10

11 16

13

2423

Q4 Q1

8693

Q4 Q1

95 96

Q4 Q1

3739

42

16 18

42

Q4 Q1

12 14

38

3230

36

43502821

6

612

1622

Q4 (Jan-Mar 2014)

Q1 (Apr-Jun 2014)

Apartment

Residential house

Residential plot





CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Airoli 8100 to 10000

Andheri East 13850 to 17650

Andheri West 18500 to 23800

Badlapur 3000 to 3600

Bandra West 36950 to 47950

Bhandup West 12200 to 15950

Bhayandar East 6500 to 7800

Borivali East 12000 to 15300

Borivali West 13400 to 16550

Chandivali 16050 to 19300

Chembur 15150 to 19700

Dadar West 29100 to 37550

Dahisar East 9100 to 11500

Dahisar West 11950 to 14300

Dombivli 4550 to 5800

Dombivli East 4650 to 5850

Ghansoli 7700 to 9800

Ghatkopar West 14750 to 18350

Ghodbunder Road 7850 to 9750

Goregaon East 13650 to 17350

Goregaon West 13500 to 17600

Juhu 28350 to 37500

Kalyan 5000 to 6300

Kalyan West 4950 to 6200

Kamothe 5650 to 6500

Kandivali East 12850 to 16300

Kandivali West 12500 to 16000

Karanjade 4200 to 4950

Kasarvadavali 7550 to 9050

Khar West 32800 to 42250

Kharghar 6650 to 8400

Kopar Khairane 8300 to 10350

Lower Parel 30350 to 39550

Mahalakshmi 37800 to 47900

Majiwada 10100 to 12550

Malad East 12200 to 15450

Malad West 13450 to 17350

Manpada 9600 to 11650

Mira Bhaiyandar Road 6850 to 8450

Mira Road 6650 to 8150

Mulund East 13500 to 16950

Mulund West 12300 to 16250

Nallasopara 3750 to 4650

Nerul 10250 to 13450

New Panvel 4050 to 5200

Palm Beach 14900 to 18450

Panvel 4300 to 5500

Parel 23700 to 33350

Pokharan Road No. 2 10500 to 12550

Pokhran Road 10750 to 13100

Powai 16500 to 20850

Prabhadevi 34650 to 45500

Road Pali 5350 to 6300

Sanpada 11450 to 14800

Santacruz East 17150 to 21200

Santacruz West 30500 to 39750

Seawoods 9050 to 11450

Sewri 30200 to 38400

Taloja 3800 to 4650

Taloje Panchanand 3850 to 4400

Thane West 8600 to 11000

Ulwe 4700 to 5700

Vasai 4350 to 5550

Vasant Vihar 10900 to 13400

Vashi 9850 to 12850

Vile Parle East 22400 to 28400

Virar 4050 to 5000

Wadala 17800 to 22150

Waghbil 8450 to 10050

Worli 30900 to 40450

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

MUMBAI



18VOL4, ISSUE 1; APR-JUN, FY 2014-15propindex.magicbricks.com

DELHI

DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 & Above

East 33% 22% 27% 6% 12%North 28% 21% 26% 9% 16%South 11% 19% 30% 11% 29%West 39% 21% 19% 6% 15%City 20% 20% 27% 9% 24%

SUPPLYEast 25% 31% 15% 9% 20%North 14% 18% 26% 14% 28%South 4% 9% 17% 15% 55%West 34% 29% 16% 7% 14%City 8% 12% 17% 14% 49%

GURGAON

DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 cr & Above

Dwarka Expressway 30% 29% 29% 1% 11%Golf course Extn Rd 26% 16% 25% 11% 22%New Developing Sectors 48% 22% 26% 3% 1%New Gurgaon 24% 25% 25% 10% 16%Old Gurgaon 27% 20% 24% 9% 20%Sohna Road 42% 24% 23% 5% 6%City 27% 23% 24% 10% 16%

SUPPLYDwarka Expressway 26% 30% 15% 8% 21%Golf course Extn Rd 14% 22% 27% 11% 26%New Developing Sectors 64% 26% 2% 1% 7%New Gurgaon 16% 23% 22% 13% 26%Old Gurgaon 15% 35% 25% 9% 16%Sohna Road 37% 34% 13% 9% 7%City 18% 24% 22% 11% 25%

NOIDA


New developing sectors 60% 20% 9% 9% 3%Noida Gr Noida Expway 36% 33% 18% 10% 3%Old Noida 38% 24% 15% 16% 7%City 42% 28% 15% 11% 4%

SUPPLYNew Developing Sectors 62% 14% 13% 6% 5%Noida Gr Noida Expway 38% 24% 18% 11% 9%Old Noida 22% 17% 18% 23% 20%City 36% 21% 18% 13% 12%

MUMBAI

DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 cr &Above

Central Line 31% 24% 19% 11% 15%Central Mumbai 14% 17% 32% 14% 23%Harbour Line 19% 22% 22% 9% 28%Navi Mumbai 39% 16% 27% 8% 10%South Mumbai 7% 7% 17% 11% 58%Thane 41% 21% 29% 4% 5%Western Suburbs 24% 26% 23% 9% 18%City 24% 24% 22% 9% 21%

SUPPLYCentral Line 25% 33% 19% 5% 18%Central Mumbai 8% 21% 20% 11% 40%Harbour Line 17% 30% 26% 10% 17%Navi Mumbai 25% 27% 24% 7% 17%South Mumbai 3% 6% 9% 7% 75%Thane 28% 36% 19% 5% 12%Western Suburbs 19% 25% 18% 13% 25%City 16% 24% 18% 10% 32%

Luxury takes centre stage in Indian cities

Across India, luxuryproperties have seen arising demand. However,

with developers in most citieschoosing to build heavily in thissegment, the luxury marketcontinued to be over-supplied.

In smaller cities such as Vadodara,local demand from industrialists,in the 40-year age group seeking toupgrade lifestyle, drove demand in

the category. In most big cities,luxury demand came from IT andManufacturing professionalslooking for premium lifestylesnear their place of work. It camepackaged with premium assetquality, safe gated communities,lifestyle features such as joggingtracks, swimming pools, sportsfacilities and well plannedlandscaping. A key component of




19VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

luxury development has beenefficient concierge services,premium brand tie-ups andpredictive facilitations.

Luxury in the suburbs has beenaround for a while. But in the pastsix months luxury demand has re-entered CBD (Central BusinessDistrict) areas which are under re-development. A clear case isBangalore and Chennai wheretraditional downtown premiumareas such as MG Road and Adyarare posting both supply and robustdemand for extremely high-priced

modern units which are built onre-developed old plotted layouts.The buyers are the traditionalwealthy citizens of the city whoare upgrading to modernapartment living within localitiesin their comfort zone. The qualityof assets supercedes the packagedlifestyle features in these areas.Location contributes to a largepart of the values of theseproperties.

As users go online to seek luxuryproperty, PropIndex acknowledgesthis as a significant segment.

CHENNAI

DEMAND 1-1.4 cr 1.4 -2 cr 2-3 cr 3-5 cr 5 cr &Above

Central 33% 24% 17% 15% 11%North 37% 37% 13% 7% 6%South 41% 24% 15% 9% 11%City 38% 27% 15% 10% 10%

SUPPLYCentral 20% 23% 20% 14% 23%North 25% 27% 18% 13% 17%South 28% 21% 17% 17% 17%City 25% 23% 18% 15% 19%

BANGALORE


Central 29% 30% 17% 15% 9%East 43% 31% 14% 7% 5%North 38% 29% 18% 10% 5%South 44% 26% 15% 8% 7%West 40% 27% 17% 9% 7%City 42% 29% 14% 9% 6%

SUPPLYCentral 16% 20% 19% 17% 28%East 34% 24% 20% 12% 10%North 34% 28% 21% 11% 6%South 30% 27% 21% 14% 8%West 35% 30% 20% 11% 4%City 32% 26% 21% 12% 9%

PUNE

DEMAND 1-1.2 cr 1.2-1.6 cr 1.6-2.0 2-4 cr 4 cr & cr Above

Central 10% 27% 16% 21% 26%East 31% 35% 11% 17% 6%North 38% 28% 7% 19% 8%South 31% 35% 11% 19% 4%West 31% 37% 10% 17% 5%City 31% 36% 11% 16% 6%

SUPPLYCentral 4% 13% 12% 41% 30%East 27% 31% 11% 19% 12%North 21% 33% 10% 26% 10%South 25% 24% 19% 22% 10%West 27% 26% 14% 23% 10%City 26% 27% 13% 22% 12%

HYDERABAD


East 48% 20% 19% 5% 8%North 57% 28% 11% 2% 2%South 51% 24% 11% 8% 6%West 37% 25% 12% 13% 13%City 40% 25% 12% 12% 11%

SUPPLYEast 53% 22% 7% 13% 5%North 29% 33% 24% 11% 3%South 16% 18% 25% 28% 13%West 26% 20% 25% 15% 14%City 27% 21% 23% 17% 12%




D I S C L A I M E REvery effort has been made to make this Index as complete and as accurate as possible. MagicBricksaccepts no responsibility for inaccuracies in the information/data contained in this book. It shall haveneither liability nor responsibility to any person or entity with respect to any loss or damage caused, oralleged to have been caused, directly or indirectly, by the information contained in this book. Theinformation/data in this book is subject to change from time to time due to market condition.

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PROPINDEX TEAM

l Content & Research: E Jayashree Kurup,

Dipti Tandon, Subodh Kumar, Rishab Jain,

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Bhawna Mongia, Ankit Sharma, Renu Arya,

Aradhana Mozumdar, Girish Bindal, Neha Nagpal,

Surbhi Gupta, Neha Singh Verma, Puneet Kukreja &

Bikash Kumar

l Layout Design: Harsha Khattar

l Cover Page Design: Raghav Krishnan &

Rahul Nair

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