PropIndex is now in its second year! We are delighted to bring toyou the fifth edition of PropIndex. Our previous anniversaryissue was very well received and we thank you for the generouscomments and feedback for this issue.

It has been our endeavour to add more information and betterdepth to every edition and we hope that such improvements helpto make PropIndex more relevant and enabled to capture markettrends. In this issue, we have added – (a) “Realty News”, whichare stories potential for impact on markets in the future (b) trendof “rankings of top localities” based on changing user demandand (c) improved Demand Analytics with City aggregates. Youwill continue to find our regular indices here – the National/CityProperty Index (NPI/CPI), Listed Price Monitor, Rent Monitor,Yield Monitor, Buyer Analytics and Capital Values.

As always, we hope this issue of PropIndex helps you tounderstand the market better and take an informed andintelligent real estate decision. We value the time spent byvarious banks/financial institutions, consultants, developersand policy makers to review the findings in the PropIndex. Wewelcome valuable suggestions from our readers to enrich thequality of our report. Do write in!

FOREWORD

Sudhir PaiBusiness Head, MagicBricks.comsudhir.pai@timesgroup.com

MagicBricksPropIndexMagicBricks.comPropIndex is a tool whichempowers propertyseekers and investors withdetailed information onthe movement ofresidential apartmentprices and supply ofproperties in India. Nocredible property indexcan be a function of directvalues as the changes aregoverned by multiplefactors.

MagicBricks.comPropIndex has taken thisreality into account andproduced an index basedon listing of apartmentsand their capital andrental values on thewebsite.

MagicBricks.com has over 400,000 active propertiesposted by more than1,00,000 active users in 300cities and 3,500 localities.Our users include owners,agents and developers.

MethodologyApartment values arebased on listings onMagicBricks.comPropIndex. These includemultistorey apartmentsand single units on plotteddevelopments, referred toas builder floors onMagicBricks.com.

The Index is structured in

such a way that individualproperties are aggregatedinto respective cities andthen to the National Index.Weightages for PropIndexare based on the supply ofproperties within thelocality/city. Based on thisstructure, PropIndex givesa realistic picture oftrends in price/supplyacross different propertymarkets in each city. Wehave used differentweightages for Listed PriceMonitor/Rent Monitor.Therefore, read as a whole,PropIndex along withtables provided for ListedPrice Monitor, RentMonitor, Yield Monitor andCapital Values, gives anexcellent perspective ofthe property marketperformance in thequarter.

While listing and itsvalues/supply provide alevel of understandinginto the market, there aremeticulous data checks toprevent aberrationscreeping into the Index.These are based onstatistical calculations,industry inputs and logicalinterpretations.

The National PropertyIndex (NPI) is indicative ofthe extent of activity aswell as price movementsacross cities and localitiesin the major cities activeon MagicBricks.com. Theindex includes the top 11

cities (these have beenchosen based on theiractivity levels) and has anindividual city report foreach of these cities. Whilethe NPI and its movementsare of interest to theexpert community ofbankers, builders andinvestors, the PropIndexhas also taken care toexplain the nuances ofindex movements at thelocality level that wouldhelp the huge base ofMagicBricks.comconsumers.

Insights into consumerdemand have beengathered through analysisof search information onthe site. This helpsunderstand the bestlocalities by demand, thetype and configuration ofunits as well as the budget-wise preferences.

The PropIndex is the resultof meticulous research atthe locality level andthrough detaileddiscussions with experts atMagicBricks.com’s offlineand online initiatives.

The Indian real estatemarket is dynamic and thePropIndex reflects thosechanges. Since it is derivedfrom a dynamic database,additions and deletions oflocalities happen as afunction of marketdynamics.

METHODOLOGY

There is a wealth of information within these pages. For better readability, we have presented some data as tablesand others as graphs. Between them, you will find how property markets have performed in the Apr-Jun 2012 quarter from many different perspectives – from that of capital appreciation, from a rental/yieldrealisation perspective and from the stand of supply of properties. Also understand what consumers want in theDemand Analysis section.

We recommend that you evaluate the city report in its entirety and that will provide a rounded perspective of theperformance of the property market within each city. Here are details of what you will find in each of the cityreports enclosed within -

1. City Property Index – This is a composite index which is a function of supply of properties as well as theaverage capital appreciation/drop in various localities of the city in the quarter. The city index is theweighted average of the average rate per square foot in that locality and the supply of properties from thatlocality. Premium localities (with higher average rate per square foot) as well as localities with higher supplyof properties will have a bigger impact on the Index. For example, if the supply of properties from apremium locality drops, that locality will end up having a lower weightage in the index which in turn willpush the Index downwards (and vice-versa). On the other hand, supply of properties remaining unchanged,the index will be influenced by capital appreciation within the locality.

2. Listed Price Monitor – From this issue, we have changed the name of “Price Monitor’’ to “Listed PriceMonitor’’ to reflect the metric more clearly – this metric reflects the movement of “listed prices”onMagicBricks.com over a period of time. This metric shows the capital appreciation/drop within a locality &is calculated on the basis of movement in the “average rate per square foot” within that locality. By andlarge, the movement in the “average rate per square foot” reflects capital appreciation/ drops. However, in afew select cases, we have observed that the average rate per square foot moves due to a change in the mix ofapartments within that locality (e.g. if the ratio of premium apartments, which command a higher persquare foot rate, changes over the quarter). In these few circumstances, the Listed Price Monitor will, inturn, reflect this input. Such changes have been explained in the text of the City Reports.

3. Rent Monitor – This reflects the rental appreciation/drop within a locality. It is calculated on the basis ofmovement in the “average rent per square foot” within that locality. By and large, the movement in the“average rent per square foot” reflects rental appreciation/drops. However, in a few selected cases, we haveobserved that the average rent per square foot moves due to a change in the mix of apartments within thatlocality (e.g. if the ratio of premium apartments, which command a higher per square foot rent, changes overthe quarter). In these few circumstances, the Rent Monitor will, in turn, reflect this input. Such changes havebeen explained in the text of the City Reports.

4. Yield Meter – Yield is the annual rate of return earned on property. The Yield Meter depicts the gross yieldpercentages across various localities. Gross yield is a ratio of average annual rental value to the averagecapital value of the property.

5. Capital Value Tables (given in Annexures) – This shows the actual range of prices within which propertieswere available in each locality in the quarter. Prices are shown in rupees per square foot basis; these are theprevailing rates for properties in each locality.

6. Demand Analysis –This analysis of consumer demand is based on searches and requirements that usershave performed on MagicBricks.com. The top localities by demand gives an insight into consumerpeferences. The demand data has been used to arrive at various aspects of consumer requirements includingBudget-wise analysis, Property type analysis and BHK configuration analysis.

7. Realty News – Property market performance is also dependent on drivers outside the purview of buyingand selling. There are broadly four key drivers that determine the prospects of real estate – infrastructuresuch as water and power, transport links creating new growth corridors, policy such as rental laws, propertytax, etc and return on investment. From this issue onwards, PropIndex focuses on news bytes that impactfuture prospects of real estate in the city.

GLOSSARY & DEFINITIONS

APR-JUN 2012

The National Property Index(NPI) went up by over 4 per cent inthe Apr-Jun 2012 quartercompared to Jan-Mar 2012 quarter.

The NPI is a weighted average ofsupply and prices across 11 citiesin India.

Out of 11 cities in the ApartmentIndex, nine have seen a rise. Thecities include Delhi, Gurgaon,Noida-Ghaziabad, Mumbai, Pune,Ahmedabad, Kolkata, Chennai,Hyderabad and Bangalore.Ahmedabad topped the City Indexchart by registering 10 per centincrease followed by Delhi,Kolkata and Noida with 6 per centincrease each. Ghaziabad, Puneand Mumbai witnessed 4-5 percent rise followed by Chennai andHyderabad (1-3 per cent).Bangalore showed stable indexvalues. Gurgaon witnessed a dropof 4 per cent in the Apr-Jun 2012quarter.

The NPI is a weighted average ofcity indices. Mumbai, Gurgaon,

Pune and Bangalore remained themajor contributors to the NPI.

The MagicBricks.com PropIndexis based on dynamic data minedfrom the portal to show the levelsof supply and the type of propertylisted in each locality. These arecleaned with complex algorithmsto remove outliers and arrive atthe index values at locality, cityand national levels. The Index isimpacted by the number and theaverage price of properties ineach locality and the locality’sweightage in the city.

This is based on its contributionto the city’s property databank.The listings on the website are byend users and market players andthe Index is based on a mix ofnewly developing and establishedlocalities.

New and old constructions alsoform part of the listings. Thecomposite index value of a citydraws from the changing indexvalues of different localities.Localities that were more activecompared to others can contribute

significantly to the index values ofthat city.

This Index is reflective of trendsacross multistorey and singlefloor apartments (commonlyknown as builder floors).

n National Property Index rose by 4 per cent.

n Affordable localities werefound to be more indemand in comparison topremium areas acrossdifferent cities.

n Increasing demand for 1 BHK units registeredacross multiple cities.

n Metro connectivitycontributed to increase inproperty rates across cities.

IN THIS REPORT:

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

Delhi.........................................4

Gurgaon....................................9

Noida & Ghaziabad................... 15

Mumbai....................................23

Pune........................................29

Ahmedabad..............................34

Kolkata...........,........................ 39

Chennai....................................44

Hyderabad................................50

Bangalore.................................56Annexures.................................65

NATIONAL PROPERTY INDEX (NPI)

VOL 2, ISSUE 1; APR-JUN, FY 2012-13

APR-JUN 2012

2VOL2, ISSUE 1; APR-JUN, FY 2012-13

NATIONAL PROPERTY INDEX

There are certain commonthreads across cities:

l Affordable localities saw abetter rise in values ascompared to premium localitiesin cities such as Mumbai,Ahmadabad, Pune and Kolkata.

l Areas that witnessed good roadinfrastructure, Metroconnectivity and betterfacilities saw a rise in values.

l Increased values wereregistered across IT-drivenlocalities in cities such asBangalore, Pune, Kolkata andChennai for both outrightpurchase and lease.

l Even though the demand fortraditional unit-size propertiesin the 2 and 3BHK categoriesremained stable across thecities, a growing consumerpreference towards smaller 1BHK units was recordedacross cities such asAhmedabad, Bangalore,Chennai, Pune, Mumbai andHyderabad. Supply of larger3BHK units outstrippeddemand across these cities.

l Multistorey apartmentsremained the most sought-afterproperty type across the cities.Demand for larger unit-sizeproperties was mainly

witnessed in premium localities.

l Cities continued to witnessgood demand for properties inand around commercialcenters, for outright purchaseas well as rentals.

During Apr-Jun 2012 quarter, theAhmedabad Index shot up by 10per cent, the maximum among allthe cities. There has been anoverall rise in quoted values while

the transactional values ofmultistorey apartments in thecity remained stable.

The Bangalore Index valueremained same as the Jan-Mar2012 quarter, which was 112. Thetrend in the Bangalore realtymarket this quarter tilted towardsareas offering affordable propertyoptions, while the premiumlocalities or areas having morepremium residential options saw

3VOL2, ISSUE 1; APR-JUN, FY 2012-13

a dip. A dip in capital values wasrecorded in certain localities suchas Sarjapur Road, Electronic Cityand Hebbal, largely becauseaffordable peripheries of premiumlocalities registered a surge inlisting, which prevented the cityindex from any rise.

The Chennai Index rose by 3 percent. More than 60 per cent of thelocalities witnessed marginal risein average capital values, whichexplains the slight increase in thecity index. The absence of overtspeculation has also ensured thatthe developer has moved pricing ofhomes in a stable and gradualmanner.

The Delhi Index rose by 6 per cent.Unlike the previous quarter, therise in values this quarter has onlybeen restricted to certain pockets.The upward trend was attributedto certain localities such asVasundhara Enclave, Uttam Nagar,Chittaranjan Park, Sarita Viharand Mehrauli. An improvement inthe job market is expected to bringback the real estate market inDelhi to the earlier levels ofgrowth.

The Ghaziabad Index rose by 5 per cent. Localities such asCrossings Republik and Bhopurasaw a significant rise in capitalvalues which pushed the cityindex upwards. While CrossingsRepublik registered growing buyerinterest due to the land acquisitionrow in Noida Extension, Bhopuraattracted investors with limitedbudget, owing to the affordableprices and the expected entry ofthe Metro in the area.

The Gurgaon Index witnessed adip in values, registering a fall of 4 per cent in the Apr-Jun 2012quarter. Even though the capitalvalues for multistorey apartmentswitnessed a hike in over 90 percent localities, a decrease in thenumber of active listings incertain localities has tilted the cityindex negatively.

The Hyderabad Index value roseby 1 per cent. Various localitieswitnessed falling average capital

values owing to the prevailingwater problems. The majorcontributors to the slight increasein the city index were Kukatpallyand Madhapur, which scored onthe proximity to IT hubs andaffordable prices.

The Kolkata Index value rose by 6 per cent. Almost all the localitiesrecorded a hike in the averagecapital values in Apr-Jun 2012quarter, which impacted the cityindex positively. This is mainlyowing to increased Metroconnectivity. In certain localitiesMetro work is still in progress, butit has already escalated values.

The Noida Index value was up by 6 per cent in the Apr-Jun 2012quarter. Metro connectivity,planned expansion through well-developed infrastructure, presenceof multinationals and competitiveprices compared to Delhi drove asteady demand for all types ofresidential formats in Noida.Sectors 45, 76, 78 and 93 in Noidaand some pockets on the GreaterNoida Expressway (Sectors 137 and93A) saw a significant increase of9-13 per cent in capital values ofmultistorey apartments, positivelyimpacting the city index.

The Pune Index value rose by 4 per cent. There was consistentgrowth in the average capitalvalues across the city. Localitiessuch as Wagholi in the East andBalewadi in the West saw themaximum increase in capitalvalues. Improved infrastructureand a number of new projectsimpacted values positively.

The Mumbai Index rose by 5 percent. Overall increase in capitalvalues in more than 90 per cent ofthe localities pushed the capitalindex upwards. Localities acrossWestern suburbs such asGoregaon East and West, Andheri,Mira Road in the north, and Virarin Thane saw a steady rise invalues. Affordable residentialoptions saw many takers whichpushed the average capital valuesin Mira Road and Virar.

TOP YIELD GROSSERS

Rental yield is a factor of the changes inrental values locality-wise vis-à-vis thechanges in capital values. Given beloware the top yield-grossing localities ineach city

Locality Gross yield

Bangalore, Electronic City 6.30%

Kolkata, EM Bypass 5.30%

Chennai, OMR 4.88%

Hyderabad, Miyapur 4.32%

Ahmedabad, SG Highway 4.07%

Gurgaon, Sushant Lok-I 3.58%

Mumbai, Bandra East 3.46%

Pune, Wanowrie 3.33%

Ghaziabad, Indirapuram 3.13%

Noida, Sector-62 3.03%

Delhi, Vasundhara Enclave 2.36%

CAPITAL GAINS

The table given below indicates maximum increase in capital values in each city

Locality % Change

Kolkata, EM Bypass 16%

Pune, Wagholi 15%

Gurgaon, Dwarka Expressway 14%

Ghaziabad, Crossings Republik 13%

Mumbai, Bandra West 12%

Bangalore, Airport Road 11%

Hyderabad, Madhapur 11%

Noida, Sector-78 11%

Delhi, Uttam Nagar 10%

Ahmedabad, Bodakdev 6%

Chennai, Velacheri 4%

PUNE29VOL2, ISSUE 1; APR-JUN, FY 2012-13

CITY PROPERTY INDEX

The Pune City Index increased by4 per cent which is equal to theincrease registered by the NPI inthe Apr-Jun 2012 quarter.

The Listed Price Monitorincreased by 6 per cent. Localitieswith affordable rates and thoseclose to IT hubs were thefrontrunners in the Apr-Jun 2012quarter. Wagholi in the East andBalewadi in the West saw themaximum increase in capitalvalues, which further pushed thePrice Monitor. Improvedinfrastructure, better connectivityand a number of new projects impacted values positively.

The MagicBricks.com Yield Meterranged between 2.34-3.33 per centin Apr-Jun 2012. Wanowrie postedthe highest yield owing to easyaccessibility to commercial hubsand social amenities, whereas

Bibwewadi exhibited the lowestyield in comparison to otherlocalities in the Apr-Jun quarter.

LISTED PRICE MONITORReal estate experts have projectedPune as one of the country’s topdestinations for investment as thecity has seen tremendous growthin IT, automobile, manufacturing,education and the servicessectors. Owing to growth in allsectors, a sudden price rise waswitnessed across all majorlocations in the city.

According to MagicBricks.com,

the capital values of multistoreyapartments rose exponentially by11 per cent and 15 per cent inBalewadi and Wagholirespectively in the Apr-Jun 2012quarter. Compared to the lastquarter, where values rose bymeagre 1 per cent in theselocalities, the growth this quarteris significant.

According to Dev Agarwal,Proprietor of Dev Estates,Balewadi and Wagholi are atdifferent locations but arecapitalising on the development inneighbouring areas. Balewadi,adjacent to Baner Road, whereprices have peaked, is witnessing11 per cent growth in capitalvalues of multistorey apartments.The infrastructure here hasundergone development in the

PROPINDEX - PUNE QUICKSTATS

n Yield Meter: Yield ranges between2.34% to 3.33%

n Capital Values rose in 92% localities

n Rental Value rose in 68% localities

n PropIndex rose from 113 to 118

n Listed Price Monitor rose from 116 to 123

6%

Price Monitor indicates 6% increase in the average sale price

L I S T E D P R I C E M O N I T O R

PUNE 30VOL2, ISSUE 1; APR-JUN, FY 2012-13

past few months. The area is alsoconnected to the Mumbai-Bangalore Highway. Theprevailing prices here rangesbetween Rs 4,200-5,000 per sq ft.

Wagholi has seen 15 per cent risein capital values due to itsproximity to the IT hub, Kharadi.Also, the area is close to upmarketlocations like Viman Nagar,Kalyani Nagar and Magarpatta.The close proximity to these areasworks in favour of Wagholi, whichis primarily an investors’ market.“Instead of premium houses,buyers come here looking for

affordable units. Another plus isthat the area has goodconnectivity with the AhemdabadHighway. It is the nearestresidential space around RanjanGaon which has a highconcentration of automobilecompanies,” says Agarwal.

Other localities such as BanerRoad, Hadapsar, Wadgon Sheriand Bibwewadi have seen a pricerise of 5 to 10 per cent. Theselocalities are developed areas withgood markets and accessibility.Located in the eastern suburb ofPune, Hadapsar witnessed

positive realty trends during theApr-Jun period. It is one of thefastest growing areas of the cityand noted a significant rise in thenumber of transactions andqueries during the past twoquarters. The growth can beattributed to the expanding ITsector and completion of projects.

“Strategically located,approximately 6 kms from thecentral city, and well-connected tothe NH-9, Hadapsar is emerging asa favourite realty destination,”says Ravi Das of WelworthProperties. Apart from itslocation, the suburb also has well-laid physical and socialinfrastructure, which scales up itspotential.

MagicBricks.com data showscapital values increased by 1-5 percent in localities like Kharadi,Kalyani Nagar, Magarpatta, NIBMRoad, Pimple Saudagar, Wakad,Aundh, Bavdhan, Kondhwa andKothrud. Prices in localities suchas Kharadi, Kalyani Nagar,

RENT MONITOR Rent Price Percentage Change

APR-JUN 2012

n Pune City Index increased by 4 per cent

n Balewadi and Wagholi saw anappreciation of 11 per centand 15 per cent respectively

n Kharadi, Wakad, Wanowrie,Aundh and Pimple Saudagarwitnessed an increase in rentalvalues.

Y I E L D M E T E Rn Wanowrie topped the yield chart,

primarily on account of affordabilityand connectivity. This resulted insignificant rise in average rentalvalues. This led to highest gross yield.

n Bibewadi registered lowest yield with2.34%. Higher capital values incomparison to rental return kept theyield lowest in the Apr-Jun 2012quarter.

PUNE31VOL2, ISSUE 1; APR-JUN, FY 2012-13

Pimple Saudagar and Magarpattahave already reached their peak,resulting in less demand. Inlocalities such as NIBM Road,growth was slow due to waterscarcity and scattered residentialdevelopment.

RENT MONITORThe rental monitor indicates thatlocalities with good connectivityoffer affordable rentals. Areaswith close proximity to IT hubswere most preferred by the localand working population.Localities like Kharadi, Wakad,Wanowrie, Aundh and PimpleSaudagar witnessed an increasebetween 8 to 10 per cent in rentalvalues of multistorey apartmentsin Apr-Jun 2012.

“Kharadi hosts many major ITcompanies, therefore there is ahigh demand from professionalshere, which boosts rental values,”says Agarwal of Dev Estates. Thehike in rental values in Wakad,Aundh and Pimple Saudagar is

attributed to the proximity to theIT hub at Hinjewadi andconnectivity to the Mumbai-PuneHighway. Wanowrie emerged as anew mid-range residentiallocation in Pune. Easyaccessibility to commercial hubsand access to social amenitiesattract buyers to take apartmentson rent here.

Chinchwad, which is under PuneChinchwad MunicipalCorporation (PCMC), saw anoticeable rise of 9 per cent inrental values. The rise isattributed to good railconnectivity and new commercialcomplexes.

The rental values in areas such asKoregaon Park, Viman Nagar andBavdhan saw a dip in the Apr-Jun2012 quarter. In Koregaon andBavdhan, the rental values dippedby 8 per cent and in Viman Nagarthe values decreased by 3 per cent.“Koregaon and Viman Nagarcontinue to be the most expensivelocations. Rental values have

reached its peak and have gonebeyond affordable ranges in thesetwo localities,” says Agarwal.Bavdhan, on the other hand, saw adip as the area is not wellconnected and is under-developed.An overall growth was seen acrossthe city as developers offered arange of options for the end-userand investor.

Rainwater harvesting must for new buildings Rainwater harvesting system has been made mandatory for allnew constructions and existing government owned buildings inPune. It was decided that ward level funds allocated tocorporators for development works could be used for cleaning ofwells, the committee resolved. Water scarcity is looming large inthe city and the municipal commissioner has ordered theacquisition of wells. Corporators can use their local funds toclean wells and make the water potable.

n The Times of India, Pune

Rebates rake in Rs 112 cr property tax in PCMC areas Concessions to citizens by the Pimpri Chinchwad MunicipalCorporation (PCMC) to encourage early payment of propertytaxes have resulted in a three-fold increase in the collection in thefirst three months of the present financial year. PCMC gives threetypes of concessions – a 10 per cent concession if citizens pay theamount before June 30, a 5 per cent concession to owners ofnonresidential, industrial or mixed properties who pay propertytax before June 30; a 50 per cent concession for ex-servicemen orfreedom fighters if they pay tax before June 30 and a 10 per centconcession for properties owned by women. The property taxdepartment had collected Rs 190 crore as tax in 2011-12.

n The Times of India, Pune

Steps to boost infrastructure facilities Pune has witnessed tremendous growth and development in thelast few years. A long-standing demand has been to boostinfrastructure to meet the rapid increase in development . Thereare four sixlane roads that are constructed in Pune and out of atotal of 12 roads, eight of them are already completed and theremaining four are under construction . Similarly, 20-25overbridges are under construction in various sections andsegments in Pune. Pramod Nirbhanave, Additional City Engineer,Pune Municipal Corporation, says, “We have quite a few roadsplanned for the city and work for them has also started. Newroads are planned to Kharadi, Baner and Katraj areas. Anotherroad is from Warje to Vitthalwadi. There is also a proposedhighway from Katraj to Kondhwa Road. It is a 60 metre widedevelopment plan and one of the biggest infrastructure projectsin Pune.” With regards to the upcoming international airport, SanjayDeshpande, Director, Sanjeevani Developers , says that it mightnot help the current scenario of the infrastructure in the city. "Ittakes around 10 years to construct an international airport afterthe exact location of the airport has been decided. Theauthorities still haven't zeroed in on the place. It will mostprobably take another 20 years or more to come,” he says.n The Times of India, Pune

R E A L T Y N E W S

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

Locality RankQ1 Q4

Wakad 1 2

Pimple Saudagar 2 3

Kothrud 3 7

Aundh 4 6

Magarpatta 5 1

Viman Nagar 6 5

Kharadi 7 4

Baner 8 10

Hadapsar 9 8

Kalyani Nagar 10 9

Top ten localities - Pune

Note: Q1 Apr-Jun 2012, Q4 Jan-Mar 2012

Pune’s administration is taking steps to boost water collection and recharge in the future. For a city where the entireproperty market bore the brunt of acute water scarcity two years ago, this is a step that will impact the property marketslong-term. Also policy initiatives such as tax rebates have helped better financial discipline among property owners.

New

New

PUNE 32VOL2, ISSUE 1; APR-JUN, FY 2012-13

Budget Wise Analysis As per MagicBrick.com’s April-June 2012 quarter data, 68 per centof the buyers in Pune wereinterested in property worth up toRs 60 lakh. For property pricedabove Rs 60 lakh, the demanddiminishes gradually showing ameagre 10 per cent demand forhigh-end units costing above Rs 1 crore. Supply was found to belacking in the former segment,falling short by 13 per cent. Anoversupply was recorded for high-end properties.

Maximum demand was noted forproperty in the price range of Rs30-60 lakh in all the zones, exceptthe central areas. Only the central

localities registered an increaseddemand for property priced aboveRs 1 crore. While the North andEast recorded a demand as high as

59 and 52 per cent respectively inthe Rs 30-60 lakh segment, supplyremained low.

Property Type Analysis A high disparity was recordedbetween the existing demand formultistorey apartments and otherresidential properties. On anaverage, the demand for builderfloor apartments, residential plotsand houses remained low.

All the zones witnessed almostequal demand for multistoreyapartments, with the Southernlocalities leading the pack with 88 per cent user demand. Aregular flow of builders catered to

Budget wise Analysis - South70

60

50

40

30

20

10

0<30 30-60 60-100 100-200 200 &

above

9Fig

ures

in p

erce

ntag

e(%

)

Figures in lakh

7

43

2830

36

12

20

69

Demand%

Supply%

Budget wise Analysis - North70

60

50

40

30

20

10

0<30 30-60 60-100 100-200 200 &

above

29

Fig

ures

in p

erce

ntag

e(%

)

Figures in lakh

37

59

30

9

18

27

1

9

Demand%

Supply%

Budget wise Analysis - Central70

60

50

40

30

20

10

0<30 30-60 60-100 100-200 200 &

above

4

Figures in lakh

<1

21

3

25

7

27

32

22

58

Demand%

Supply%

Fig

ures

in p

erce

ntag

e(%

)

B U Y E R D E M A N D A N A LY S I S

Budget wise Analysis - East70

60

50

40

30

20

10

0<30 30-60 60-100 100-200 200 &

above

19

Figures in lakh

15

52

44

18

26

7

11

4 4

Demand%

Supply%

Fig

ures

in p

erce

ntag

e(%

)

Budget wise Analysis - West70

60

50

40

30

20

10

0<30 30-60 60-100 100-200 200 &

above

10

Figures in lakh

7

54

40

2835

7

12

27

Demand%

Supply%

Fig

ures

in p

erce

ntag

e(%

)

Property wise Analysis - South90

80

70

60

50

40

30

20

10

0

2 1

88 90

8 82 1

Demand%

Supply%

Fig

ures

in p

erce

ntag

e(%

)

Single Multistorey Residential Residentialfloor House Plot

Property wise Analysis - North80

70

60

50

40

30

20

10

0

3 10

73

63

16 218

5

Demand%

Supply%

Fig

ures

in p

erce

ntag

e(%

)

Single Multistorey Residential Residentialfloor House Plot

70

60

50

40

30

20

10

0<30 30-60 60-100 100-200 200 &

above

15

Fig

ures

in p

erce

ntag

e(%

)

Figures in lakh

12

53

40

23

30

712

36

Demand%

Supply%

100

80

60

40

20

0

2 2

84 87

10 104 2

Demand%

Supply%

Fig

ures

in p

e rc e

n ta g

e (%

)

Single Multistorey Residential Residentialfloor House Plot

New

Budget wise Analysis - City LevelNew

Property wise Analysis - City Level

the increasing demand. As far asresidential plots were concerned,the maximum demand was notedin the Northern localities,followed by the East. The demand-supply ratio differed by 3 and 4 per cent respectively.

The Northern region registeredthe maximum demand forindividual houses, which was metby an oversupply of 5 per cent.The demand for builder floorunits was limited across all zones.

BHK Configuration AnalysisThe city registered the highestuser demand for 2BHK units

followed closely by 1BHK with 46 and 41 per cent demandrespectively. While the highdemand in the 2BHK segment wasbeing adequately met, the supplyfor smaller units fell short by alarge margin, accounting to adeficit of 23 per cent in the April-June 2021 quarter.

The demand for larger residentialunits remained relatively low. Themaximum demand for 1BHK unitswas observed in the Centralregions of the city followed byNorthern and Eastern localities.

However, the huge demand is notcurrently being met as the data

depicted a huge demand andsupply disparity across variouszones. The supply fell short by 45 per cent in the Central zone andby 30 per cent in the North. Otherzones also witnessed a similar gap recording more than 20 per cent deficit.

Demand for 2BHK was highest inthe South and West, eachexhibiting 47 per cent userinterest. A healthy supply was

observed in all the zones. Thedemand for larger apartmentsremained low across the city.However the supply overshot thedemand in all the regions.

PUNE33VOL2, ISSUE 1; APR-JUN, FY 2012-13

BHK Configuration - South

Figures in percentage (%)

Demand%

Supply%

4 BHK

3 BHK

2 BHK

1 BHK

0 10 20 30 40 50 60 70

18

1433

4744

3816

BHK Configuration - North

Figures in percentage (%)

Demand%

Supply%

4 BHK

3 BHK

2 BHK

1 BHK

0 10 20 30 40 50 60 70

<11

722

4254

5222

BHK Configuration - Central

Figures in percentage (%)

Demand%

Supply%

4 BHK

3 BHK

2 BHK

1 BHK

0 10 20 30 40 50 60 70

<115

935

3438

57

12

BHK Configuration - East

Demand%

Supply%

4 BHK

3 BHK

2 BHK

1 BHK

0 10 20 30 40 50 60 70

13

1129

4450

44

18

BHK Configuration - West

Demand%

Supply%

4 BHK

3 BHK

2 BHK

1 BHK

0 10 20 30 40 50 60 70

14

1431

4747

3818

Figures in percentage (%)

Property wise Analysis - Central100

80

60

40

20

0

3<1

82

98

13

<1 2 <1

Demand%

Supply%

Fig

ures

in p

erce

ntag

e(%

)

Single Multistorey Residential Residentialfloor House Plot

Property wise Analysis - East90

80

70

60

50

40

30

20

10

02 1

8390

108 5

1

Demand%

Supply%

Fig

ures

in p

erce

ntag

e(%

)

Single Multistorey Residential Residentialfloor House Plot

Property wise Analysis - West90

80

70

60

50

40

30

20

10

02 2

85 84

911

42

Demand%

Supply%

Fig

ures

in p

erce

ntag

e(%

)

Single Multistorey Residential Residentialfloor House Plot

Figures in percentage (%)

Demand%

Supply%

4 BHK

3 BHK

2 BHK

1 BHK0 10 20 30 40 50 60 70

14

1330

4648

4118

New

BHK Configuration - City Level

annexuRes

Alandi 2400 to 2850

Ambe Gaon 3700 to 4650

Aundh 5900 to 7200

B.T Kawade Road 4850 to 5800

Balewadi 5000 to 5800

Baner 5200 to 6100

Baner Road 5150 to 6200

Bavdhan 4800 to 5650

Bhosale Nagar 10500 to 13850

Bibwewadi 5650 to 7000

Boat Club Road 11250 to 14250

Camp 6750 to 8100

Chakan 2250 to 2700

Chandan Nagar 4450 to 5250

Chikhali 3050 to 3650

Chinchwad 4150 to 5100

Dhankawadi 2950 to 3700

Dhanori 3600 to 4350

Dhayari Road 3650 to 4550

Dighi 2950 to 3450

Fatima Nagar 4550 to 5400

Ghorpadi 5650 to 7550

Hadapsar 3700 to 4650

Hinjewadi 3600 to 4100

Kalewadi 4150 to 4950

Kalyani Nagar 6350 to 8000

Karve Nagar 6250 to 7600

Keshavnagar 3750 to 4300

Kharadi 4250 to 5000

Kondhwa 3550 to 4500

Koregaon Park 7750 to 10250

Kothrud 6450 to 8000

Lohegaon 3600 to 4300

Lulla Nagar 4900 to 6500

Magarpatta 5450 to 6450

Manjri 3450 to 3950

Market Yard 5800 to 7300

Model Colony 11150 to 12950

Mohamadwadi 3900 to 4700

Mundhwa 3900 to 4700

Nagar Road 4500 to 5850

NIBM Annexe 4000 to 4950

NIBM Road 4300 to 5350

Pashan 4750 to 5750

Pashan-Sus Road 4750 to 5800

Pimple Gurav 4350 to 5150

Pimple Nilakh 4700 to 5550

Pimple Saudagar 4500 to 5100

Pimpri 3950 to 4700

Pimpri Chinchwad 4600 to 5600

Prabhat Road 12450 to 15450

Rahatani 4150 to 4900

Ravet 3700 to 4150

Salunke Vihar 4400 to 5350

Senapati Bapat Road 8600 to 11050

Shastri Nagar 6100 to 6800

Sinhagad Road 4850 to 6350

Sopan Baug 7400 to 9300

Talegaon 2500 to 3050

Tingre Nagar 3850 to 4650

Undri 3450 to 4250

Viman Nagar 5250 to 6300

Vishrantwadi 4200 to 5150

Wadgaon Sheri 4550 to 5750

Wagholi 3400 to 4000

Wakad 4200 to 4950

Wanowrie 4650 to 5750

Wanwadi 5050 to 6350

Warje 4900 to 5750

PUNE 70VOL2, ISSUE 1; APR-JUN, FY 2012-13

CAPITAL VALUES – LOCALITY WISE

Average Residential Apartment Prices

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

PUNE

VOL2, ISSUE 1; APR-JUN, FY 2012-13

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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