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The year 2013 has been a topsy-turvy ride for the housing sector. Sentiments haveremained subdued in the recent months. However, our latest HSI report indicates earlysigns of a bump-up in the buyer sentiment. While it is still early days to conjecturewhether this will translate into a strong buying cycle, the trend will nevertheless comeas a welcome relief to the industry.

Property markets remained slow in the quarter. But we bring you PropIndex with a hostof positive findings.

Key Findings

lResidential properties worth between Rs 30-50 lakh continued to see maximumdemand.

lConsumer demand for premium villas/independent houses worth Rs 2 crore andabove topped in Bangalore and Gurgaon.

lDelay in projects has pushed demand for ready-to-move-in projects significantly. Thisis primarily due to increasing pressure of EMI plus rental values.

lResale projects have become significantly more affordable as slow transaction rate haswidened the gap between resale and new property prices.

lThere is active search indicating intense interest among buyers. As soon as sentimentschange, probably after the upcoming general elections in 2014, buyers will be readywith information and there may be quick turn around of sales.

lConsumer demand for residential plots topped in Chennai and Bangalore. Close to 50 per cent demand for residential plots was for properties worth upto Rs 30 lakh.

lIn the latest quarter, Oct-Dec 2013, the NPI showed no change in comparison to a 4 per cent rise in the Jul-Sep 2013 quarter. Cautious approach among property seekersand controlled supply by local as well as national developers has held the growth of theNational Property Index (NPI).

lThe Listed Price Monitor, which largely shows capital appreciation/drop within alocality ranged between minus 1 per cent to plus 5 per cent.

We have been publishing PropIndex for close to three years now. Over this period, we’veaccumulated a wealth of data/analytics on price/locality trends and marketperformance. We get our kicks if all of this helps you in making better informedproperty decisions. Do write in at [email protected] and share your views onthis report and how we could make PropIndex even better.

FOREWORD

Sudhir PaiBusiness Head, Magicbricks.com

Magicbricks PropIndex

Magicbricks PropIndexis a tool whichempowers propertyseekers and investorswith detailedinformation on themovement of residentialapartment prices andsupply of properties inIndia. No credibleproperty index can be afunction of direct valuesas the changes aregoverned by multiplefactors.

Magicbricks PropIndexhas taken this realityinto account andproduced an index basedon listing of apartmentsand their capital andrental values on thewebsite.

Magicbricks has over 600,000 active propertiesposted by more than1,50,000 active users in300 cities and 10,000localities. Our usersinclude owners, agentsand developers.

Methodology

Apartment values arebased on listings onMagicbricks. Theseinclude multistoreyapartments and singleunits on plotteddevelopments, referredto as builder floors onMagicbricks.com.

The Index is structuredin such a way thatindividual properties

are aggregated into theirrespective cities andthen to the NationalIndex. Weightages forPropIndex are based onthe supply of propertieswithin the locality/city.Based on this structure,PropIndex gives arealistic picture oftrends in price/supplyacross different propertymarkets in each city. Wehave used differentweightages for ListedPrice Monitor/RentMonitor. Therefore, readas a whole, PropIndexalong with tablesprovided for Listed PriceMonitor, Rent Monitor,Yield Monitor andCapital Values, gives anexcellent perspective ofthe property marketperformance in thequarter.

While listing and itsvalues/supply provide alevel of understandingof the market, there aremeticulous data checksto prevent aberrationscreeping in the Index.These are based onstatistical calculations,industry inputs andlogical interpretations.

The National PropertyIndex (NPI) is indicativeof the extent of activityas well as pricemovements across citiesand localities in themajor cities active onMagicbricks.com. Theindex includes the top11 cities (these have

been chosen based ontheir activity levels) andhas an individual cityreport for each of thesecities. While the NPI andits movements are ofinterest to the expertcommunity of bankers,builders and investors,the PropIndex has alsotaken care to explain thenuances of indexmovements at thelocality level that wouldhelp the huge base ofMagicbricks.comconsumers.

Insights into consumerdemand have beengathered throughanalysis of searchinformation on the site.This helps understandthe best localities bydemand, the type andconfiguration of units aswell as the budget-wisepreferences.

The PropIndex is theresult of meticulousresearch at the localitylevel and throughdetailed discussionswith experts atMagicbricks.com’soffline and onlineinitiatives.

The Indian real estatemarket is dynamic andthe PropIndex reflectsthose changes. Since it isderived from a dynamicdatabase, additions anddeletions of localitieshappen as a function ofmarket dynamics.

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 Oct-Dec 2013quarter from different perspectives – from that of capital appreciation, from a rental/yield realisationperspective and from a supply standpoint. Also, Demand Analysis section, explains what consumers look for.

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 the 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 – This metric shows the capital appreciation/drop within a locality and is calculatedon the basis of movement in the “average rate per square foot” within that locality. By and large, themovement in the “average rate per square foot” reflects capital appreciation/drop. However, in a few selectcases, we have observed that the average rate per square foot moves due to a change in the mix of apartmentswithin that locality (e.g. if the ratio of premium apartments, which command a higher per square foot rate,changes over the quarter). In these few circumstances, the Listed Price Monitor will, in turn, reflect thisinput. 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/drop. However, in a few select 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. This section also provides acomparison between demand and supply in the Jul-Sep 2013 and Oct-Dec 2013 quarters.

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. PropIndex also focuses on news bytes that impact future prospects of real estate in the city.

GLOSSARY & DEFINITIONS

OCT-DEC 2013

Cautious approach by propertyseekers and controlled supply bylocal and national developers heldthe growth of the NationalProperty Index (NPI). In the Oct-Dec 2013 quarter, the NPIshowed no change in comparisonto a 4 per cent rise in the Jul-Sep 2013 quarter.

NPI is a weighted average ofsupply and values across 11 citiesin India. In the last quarter, thecity index value remained intactwithin the range of minus 4 per cent to plus 5 per cent.

Of the 11 cities in the apartmentindex, five cites saw a rise of 1-5 per cent (Chennai, Mumbai,Pune, Ghaziabad and Noida), four registered a drop between 1-4 per cent (Bangalore, Delhi,Gurgaon and Ahmedabad) andtwo witnessed stable index values(Hyderabad and Kolkata).

Chennai registered the maximumrise of 5 per cent in the city index.It was followed by Mumbai, Pune

and Ghaziabad with 2 per centrise each. Noida registered thelowest rise of 1 per cent.

Bangalore registered the steepestfall of 4 per cent. This wasfollowed by Delhi and Gurgaonwith 2 per cent each. Ahmedabadregistered a drop of 1 per cent.

The Listed Price Monitor, whichlargely shows the capitalappreciation/drop within alocality, ranges between minus 1 per cent to plus 5 per cent.

Mumbai listed price monitorregistered the maximum rise with5 per cent primarily on account ofpremium localities where valuesremained steady and up. This wasfollowed by Ghaziabad and Punewith 3 and 2 per cent riserespectively.

Hyderabad and Bangalore in the South and Ahmedabad in theWest registered a small drop of 1 per cent. Delhi and Gurgaonshowed no change.

Housing value upto Rs 50 lakhcontinued to see maximum supply

in Chennai, Kolkata andHyderabad. However, lowestsupply was registered in Gurgaon,Mumbai and Delhi.

Properties worth over Rs 1.5 crorecomprises 18 per cent of totalsupply of apartments in the 11 cities.

n Slow transactions widenedthe gap between resale andnew property prices

n Delay in projects pusheddemand for ready-to-move-inprojects significantly.

n Upcoming general electionsin 2014 lowered the rate ofinflow of funds.

n Demand for premiumproperty worth Rs 2 croreand above tops in Bangaloreand Gurgaon.

IN THIS REPORT:

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

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

Gurgaon...................................13

Noida & Ghaziabad................... 24

Mumbai....................................36

Pune........................................47

Ahmedabad..............................56

Kolkata...........,........................ 61

Chennai....................................70

Hyderabad................................79

Bangalore.................................89

Annexures.................................99

NATIONAL PROPERTY INDEX (NPI)

VOL 3, ISSUE 3; OCT-DEC, FY 2013-14

OCT-DEC 2013

propindex.magicbricks.com

NATIONAL PROPERTY INDEX

l Slow transaction rate haswidened the gap between resaleand new property prices.

l Weak consumer sentiments onthe back of slow economicgrowth and consistent rise ininterest rates by RBI and delayin projects pushed demand forready-to-move-in projectssignificantly.

l Residential properties worth Rs 30-50 lakh was in maximumdemand.

l Consumer demand for premiumvillas/independent housesworth Rs 2 crore and abovetopped in Bangalore andGurgaon.

l Close to 50 per cent demand forresidential plots was forproperties worth upto Rs 30 lakh

l Chennai and Bangaloreaccounted for over 55 per centdemand for residential plotsacross 11 cities.

l Upcoming general elections in2014 have lowered the rate ofreal estate investment in thecountry.

Ahmedabad City Index as well asthe listed price monitor registereda drop of 1 per cent in the

Oct-Dec 2013 quarter. This isprimarily on the back of slowtransactions and new launches in the city. A small rise of 1-4 per cent in close to 40 per centof total localities, held the free fallof the listed price monitor.

The Delhi City Index dropped by2 per cent during the Oct-Dec 2013quarter as compared to a rise of 4 per cent in the previous quarter.Slow development rate, mainly inthe redevelopment of existingproperties, coupled with a smallrise in merely 38 per cent of thelocalities led to a drop in the cityindex. Rental market tooremained subdued with over 50 per cent localities registering adrop in average rental values.

The market performance was slowin the Oct-Dec 2013 quarter, withbuyers skeptical about investingbefore the general elections 2014.While the number of enquiresremained stable, actualtransactions went down. Thispushed the Gurgaon City Indexdownwards by 2 per cent. Over 60 per cent of localities registeredeither a drop or remainedunchanged, keeping the listedprice monitor stable.

Noida City Index and the listedprice monitor moved up by 1 per cent during the Oct-Dec 2013quarter. Project delays and

negative consumer sentiments hitthe Noida realty market towardsthe middle of the year. Thissituation improved slightly as theyear drew to a close. Newdeveloping Sectors 74-78 have beentrading well in terms ofresidential demand and capitalappreciation. This kept the indexvalue intact primarily due toproximity to developed Sectors 50and 51 and comparativelyaffordable values.

The residential market inGhaziabad witnessed a rise of 2 per cent in the City Index and 3 per cent in the listed pricemonitor. Rise in average capitalvalues in over 80 per cent of thelocalities tracked in the city, keptthe values positive. Propertiesboth in the affordable range of

Locality RankQ2 Q1

Mumbai 1 1

Bangalore 2 2

Pune 3 3

New Delhi 4 4

Chennai 5 6

Hyderabad 6 8

Kolkata 7 5

Gurgaon 8 7

Noida 9 9

Ghaziabad 10 10

Preferred Localities - Sale

Note: Q3 Oct-Dec 2013, Q2 Jul-Sep 2013

Preferred Localities - Rent

Locality RankQ2 Q1

Mumbai 1 1

Bangalore 2 2

Pune 3 4

New Delhi 4 3

Chennai 5 5

Gurgaon 6 6

Hyderabad 7 7

Kolkata 8 8

Noida 9 9

Ahmedabad 10 10Note: Q3 Oct-Dec 2013, Q2 Jul-Sep 2013

propindex.magicbricks.com VOL3, ISSUE 3; OCT-DEC, FY 2013-1402

Rs 20-40 lakh and Rs 40-70 lakhremained high. Demand remainedstrong, over 70 per cent, for multi-storey apartments.

Underlying demand for residentialproperties remained robust eventhough actual transactions were atan all-time low. Thus, there was noprice correction inspite of unsoldinventory. This resulted in a rise of2 per cent in Mumbai City Index.With rise in 53 per cent of the totallocalities and no new launches, the listed price monitor rose by 5 per cent.

The Pune residential marketconsistently performed quarter-over-quarter. In the Oct-Dec 2013quarter, the City Index as well asthe listed price monitor rose by 2 per cent. This was due to robustdemand for properties along the ITcorridor in areas such as Wakadand Baner in the West andKharadi, Viman Nagar andMagarpatta in East Pune.

The new amendment in theIncome Tax Act adversely affectedthe market, especially where theregistry value of the flats wasmore than the actual transactionvalue. This resulted in a drop inthe number of transactions inthese locations and resulted in nochange in the Kolkata City Indexvalue in the Oct-Dec 2013 quarter.

The Chennai City Index rose by 5 per cent in the Oct-Dec 2013

quarter. With a few notableexceptions, 70 per cent of themicro markets reported amarginal change in propertyvalues. This impacted the overallListed Price Monitor, recording arise of just 1 per cent. In the rentalmarket, an equal number of micromarkets registered a rise and dropin average prices.

With the unresolved Teleganaagitation, prices in Hyderabadhave not grown significantly. Thiskept the city index as well as thelisted price monitor intact. In theOct-Dec 2013 quarter, theHyderabad City Index remainedunchanged and the Listed Pricemonitor moved up by 1 per cent.

Unlike the previous quarter, theBangalore City Index dropped by4 per cent in the Oct-Dec 2013quarter. With a major portion oflocalities reporting a steadymarket with little change inproperty values, the overall ListedPrice Monitor for Bangaloreregistered a drop of 1 per cent.

Slow economic growth, risinginterest rates by the RBI, coupledwith delay in projects hasincreased the burden on propertybuyers. They also have to bear theexpenses of increased EMI as wellas rental values. This has pushedthe demand for ready-to-move-inapartments over under-construction property in thecurrent Oct-Dec 2013 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%

15% 15%

23%

14% 13% 12%8%

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, Marathahalli 5.11%

Kolkata, Narendrapur 4.67%

Hyderabad, Nizampet 4.48%

Chennai, OMR 3.81%

Ahmedabad, Vejalpur 3.78%

Mumbai, Parel 3.45%

Noida, Sector-92 3.28%

Pune, Viman Nagar 3.07%

Ghaziabad, Indirapuram 2.93%

Delhi, Malviya Nagar 2.56%

Gurgaon, Sushant Lok-I 2.49%

CAPITAL GAINS

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

Locality % Change

Chennai, Thiruvanmiyur 12.14%

Hyderabad, Dilsukhnagar 9.80%

Kolkata, New Alipore 9.13%

Pune, Sopan Baug 8.81%

Bangalore, Varthur 7.33%

Mumbai, Andheri West 6.66%

Delhi, Hauz Khas 5.73%

Ghaziabad, Lal Kuan 5.56%

Ahmedabad, Vaishnu Devi 5.08%

Gurgaon, Sector-82 5.00%

Noida, Sector-82 4.56%

propindex.magicbricks.comVOL3, ISSUE 3; OCT-DEC, FY 2013-1403

PROPINDEX - BANGALOREBangalore micro-markets showed amixed price trend with close to 60 per cent of localities registering adrop in the average property values,38 per cent witnessing a rise and theremaining areas recording no change.

The rental market too, showed astable trend with small variations inproperty values across the micro-markets. Due to the large work forceof IT professionals, the areas in andaround the IT hubs continued to offerbetween 3-5 per cent rental returns on investment. Electronic City,Marathahalli, Whitefield and HSR Layout were among the top yield grossers.

Micro-markets in East and SouthBangalore continued to hold the topsix ranking in rental market for the lastsix months. Whereas, with minorchange in rankings, the top ten list ofpreferred localities for sale remainedthe same, indicating a robust demand.

The South and East areas alsoregistered the maximum number ofnew projects followed by a number ofprojects in North Bangalore. The multi-storey apartment category recordedthe maximum supply with over 75 per cent market share.

North Bangalore, which is stilldeveloping, witnessed supply of newprojects on the back of expectedimprovement in infrastructure and theimproved access to the SEZs.

Bangalore is the only city which hasrecorded equitable distribution of over20 per cent supply across the budgetcategories, except for properties worthUpto Rs 20 lakh which witnessedsupply below 10 per cent. The multi-storey apartment category capturedover 50 per cent of the market shareacross property types, marginallyexceeding demand.

In the past few months, the Bangalorereal estate market has shown somepeculiar trends. It has been noted thatthe demand for luxury property wasprimarily coming from the businessclass buyers. On the other hand,demand for affordable and mid-segment properties was from the ITprofessionals.

Moderate growth rate in the IT sectorin the Oct-Dec 2013 quarter andrestricted/slow hiring in the samesector led to cautious buying from theIT professionals.

The Bangalore City Index dropped by 4 per cent in the Oct-Dec2013 quarter, as compared to the Jul-Sep 2013 quarter whichreported an impressive 17 per cent rise. Majority of localitiesreported a steady market with little change. The overall ListPrice Monitor registered a nominal one per cent drop.

l A birds-eye view of theBangalore residential marketshows a steady smooth visagewith no big air-pockets.

l A closer look at the markethowever reveals certaininteresting fluctuations in values across geographies.

l By and large North and EastBangalore micromarketswitnessed increased prices with a few notable exceptions.

l Several localities in SouthBangalore witnessed asignificant drop in values in theOct-Dec 2013 period.

l JP Nagar reported the largest fallof 8 per cent. Close on its heelsstands Thanisandra whichrecorded a 6 per cent drop.

l Other areas in South Bangalorethat saw a drop in prices includeBannerghatta Road, KanakapuraRoad and Electronic City, alldropping by 4 per cent during thesame period.

l Silk Board, despite its strategiclocation, reported a 5 per centdrop in values. Industrywatchers attribute this to

`projects nearing completion’and `pending announcement ofnew launches’.

l Several areas in East Bangalorerecorded a steady increase.Varthur topped the list reporting7 per cent increase, followed byHoramavu at 6 per cent.

l Others include Whitefield andKundanahalli, both of whichreported a 3 per cent growth.Proximity to work and launch ofseveral new projects are themain reasons for this increase.

l North Bangalore reported steadyvalues compared to the previousquarter, with Magadi Road at thetop of the list recording a 7 per cent increase.

l Sahakara Nagar reported a 5 per cent increase withYelahanka close on its heels witha 3 per cent increase. Reasons forgrowth are due to expectedimprovement in infrastructureand improved access to the SEZs.

l The exceptions to these broadregional trends are themicromarkets of Hebbal,Brookfields and Koramangla.

Key Takeaways

E d i t o r i a l

propindex.magicbricks.comVOL3, ISSUE 3; OCT-DEC, FY 2013-1489 BANGALORE

BANGALORE 90VOL3, ISSUE 3; OCT-DEC, FY 2013-14propindex.magicbricks.com

l The Listed Price Monitor for Bangalore remainedmore or less steady showing a 1 per cent drop.

l In the Oct-Dec 2013 quarter, Magadi Road, Varthur,Horamavu, Sahakara Nagar and Koramanglawitnessed significant rise in average capital values.

l The city registered maximum supply of apartmentin the size range of 1100-1300 sq ft. Close on the heelsof this segment are the apartment sizes rangingaround 1300-1600 sq ft.

l Larger units in the range of 1600-2000 sq ftapartments comprise around 16 per cent of the totalsupply followed by the super luxury 3500 sq ft andthe below 1100 sq ft 1BHK units.

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

Bannerghatta Road 13.75 4,100 4.02%

Whitefield 16.50 4,475 4.42%

JP Nagar 15.25 4,225 4.33%

Hebbal 17.75 5,500 3.87%

HSR Layout 17.25 4,475 4.63%

JP Nagar Phase 7 15.75 4,700 4.02%

Electronic City 13.25 3,350 4.75%

Yelahanka 11.75 4,225 3.34%

RT Nagar 12.75 4,475 3.42%

Kanakapura Road 10.50 4,050 3.11%

Y I E L D M E T E R

l The magicbricks.com yield meter shows a range of3.11-4.75 per cent in the Oct-Dec 2013 as comparedto 3.00-4.94 per cent in Jul-Sep 2013 quarter.

l Kanakpura Road registered the lowest averagecapital values followed by Yellahanka. WhileSarjapur Road reported the second highest grossyield after Electronic City.

l Bannergatta Road, JP Nagar, HSR Layout,Whitefield and JP Nagar 7 Phase also witnessed ahealthy gross yield in the Oct-Dec 2013 quarter.

l In the last one year, areas such as Kormangala andBannergatta Road which had reported a markedincrease in rental values earlier have reported aslight drop.

RENT MON I TOR

l Around 40 per cent of the localities tracked,witnessed a rise in rental values in the quarter Oct-Dec 2013, with some notable exceptions.

l Localities like Richmond Town, JP Nagar 7 phase,Hebbal and Indra Nagar reported a marked increasein rental values, while areas like Benson Town,Banshankari, Hennur Road, Bannergatta Road andHSR Layout registered no change.

l East Bangalore continued to post slow growth. Areaslike Mahadevpura, Brookfields and Whitefieldwitnessed 2-3 per cent growth in the said quarter.

l Bannergatta Road, Electronic City and Bellandurcontinue to be affordable localities in terms ofrental values.

-1%

Growth Number of Localities with Most ActiveCorridor Projects Maximum Property

Residential Projects Typology(Multi-storey)*

South 121 Electronic City, Bannerghata Road, 81%Hosur Road, Kanakpura, Road, Uttarahalli

North 61 Devanhalli, Outer Ring Road, Hebbal, 75%Yelahanka, Vidyanarayanpura

West 22 Mysore Road, Tumkur Road, Jalahalli, 77%Magadi Road

East 117 Sarjapur, Sarjapur Road, Whitefield 76%Marathalli, KR Puram, Brooke Field

*Percentage of total supply

BANGALORE91VOL3, ISSUE 3; OCT-DEC, FY 2013-14 propindex.magicbricks.com

RENT


Locality Capital RankValues Q3 Q2

HSR Layout 16000 to 19500 1 1

Koramangala 20000 to 26000 2 4

Marathahalli 15000 to 19000 3 2

Whitefield 15000 to 19000 4 3

Indira Nagar 18000 to 23000 5 5

Electronic City 12000 to 15500 6 6

Bellandur 16000 to 19500 7 7

Sarjapur Road 15500 to 20000 8 8

Bannerghatta Road 12500 to 16000 9 10

Malleswaram 20000 to 25500 10 9

SALE


PREFERRED LOCALITIES

l Capital values across Bangalore remained more orless the same in the quarter Oct-Dec 2013 ascompared to the previous quarter.

l Proximity to place of work, improved connectivitydue to flyovers, broader roads and ORRs haveensured Electronic City, Whitefield and SarjapurRoad continue to top the list of ‘preferred localities’in Oct-Dec 2013 as well.

l Electronic City by virtue of having a large variety ofofferings within the Rs 40 lakh range makes it one ofthe extremely affordable localities.

l Kanakpura Road improved its standing in thebuyers preferred list as compared to the Jul-Sep 2013quarter.

l Vidyaranyapura is the new entrant to the top tencapital localities list. Strategically located, it isenroute to Yelahanka and in the vicinity of HMTand BEL factories. The area is booming due to itsproximity to Bangaluru International Airport andthe Devanahalli Business and IT Parks.

l Strategic location, a very active resident careassociation and good connectivity ensured HSR Layout maintain its status at the top.

l Koramangala and Malleswaram commands one ofthe highest rental values in Bangalore. Saturatedland pockets and up-market luxury area are the tworeasons attributed to high rental values in thesemicromarkets.

l In terms of preferred rental ratings however,Malleshwaram holds the tenth place, belowBannerghatta Road and Sarjapur Road. Consideredto be a traditional South Indian locality, the highrental values charged by home owners hascontributed to making it less attractive.

l Marathahalli and Whitefield, with a rental range ofRs 15,000-19,000 per month have managed to more orless maintain their position of being moderatelypopular rental destinations. Reliability on tankersor borewells for water and lack of greenery keptthem from improving significantly in the list.

Above 40% 30-40% 20-30% 10-20% Less than 10%

Locality Rental RankValues Q3 Q2

Whitefield 3950 to 5400 1 1

Sarjapur Road 3800 to 5250 2 2

Electronic City 3050 to 3900 3 3

HSR Layout 4000 to 5300 4 4

Marathahalli 3550 to 4450 5 5

Bannerghatta Road 3700 to 4850 6 6

Kanakpura Road 3650 to 4750 7 10

Koramangala 6050 to 8150 8 8

Rajarajeshwari Nagar 3300 to 3950 9 7

Vidyaranyapura 3100 to 4050 10 -

With IT companies offering jobs with handsome salaries, Bangalore iswitnessing a rise in high-end housing. Areas in South Bangalore saw gooddemand for such properties. Also, part of the Phase-1 of the Metro rail was madeoperational, positively impacting the property values in the city.

High-end residential options find demand in South BangaloreSouth Bangalore has been home to some of the oldest residential neighbourhoods. Overthe last two decades, it has witnessed the rise of some more cosmopolitan localities inKoramanagala, BTM Layout, HSR Layout, Sarjapur Road and Electronics City, dottedwith towering apartments, swanky commercial and office establishments and an arrayof malls. The residential landscape has gradually morphed with apartments, gatedcommunities and row houses overtaking high-end properties.

n Times Property & The Times of India, Bangalore

Metro rail connectivity pushes property prices in BangaloreThe east-west corridor of Metro Rail is being implemented by the Bangalore Metro RailCorporation Limited (BMRCL). The operationalised part of the east-west corridor hasnot only pushed up the property values in localities under the zone but is also visible tothe residents of neighbourhoods of CV Raman Nagar, Indiranagar, CMH Road and itssurroundings, due to the improved connectivity to the CBD and reduced travel time.

n Times Property, The Times of India, Bangalore

Which residential pockets will havemaximum developments in 2014?

We have seen a lot of activity inpockets of Whitefield, Hebbal,Thanisandra Main Road, Hennur MainRoad, Bellary Road, Hosur Road–Sarjapur Road Belt, BannerghataRoad-Kanakpura Road Belt and MysoreRoad. We don’t see new developmentpockets emerging in 2014. The newmaster-plan due in 2015 may throwopen new areas for development.

How many units are expected to comeat possession stage in 2014?

Approximately 30,000 units areexpected to be ready for possession.

What will be the impact of the generalelections on development?

Karnataka seems to have a stable Govtfor next four years and GeneralElections should not affect the projectsalready in the pipeline.

How has the financial crunch of 2013impacted development?

While most other cities saw acorrection in 2013, Bangalore hadmany new launches, good demandand resilient pricing.

Will commercial stage a comeback?

The office leasing space has witnessedrobust absorption. Rentals are notexpected to show a significantnorthward movement.

Which category do you expectmaximum buyer attraction?

Multi-storey apartments.

Maneesh GuptaDirector-Valuation & AdvisoryColliers International

Q&A

R E A L T Y N E W S

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

Though there is a demand supply mismatch,apartments in Bangalore realized good priceappreciation in the last five years. Thedemand has been steady against a robustsupply. A steady increase in average priceappreciation was seen. Given theinfrastructure constraints faced by ourmetropolitan cities today, townships or citieswithin a city, have been able to command apremium owing to sustained demand.

Arjun AggarwalCEOBhartiya CIty

E X P E R T S P E A KDeveloper

Bangalore is the luxury segment destinationin terms of built-up area, carpet area, openspaces and pricing. No other city in India cancome close in all these aspects. While theluxury projects in the outskirts are boughtkeeping in mind future city expansion, theones being developed within the city areprimarily for the family to live in. From a longterm investment the city is more a working-holiday second home destination.

Kirti MehtaProperty Adviser andsoft launch Specialist

Broker

propindex.magicbricks.com VOL3, ISSUE 3; OCT-DEC, FY 2013-1492BANGALORE

Budget wise Analysis

l There was perfect demand andsupply for the budget range of Rs 40-60 lakh at 28 per cent. Thedemand for the Rs 20-40 lakh wassimilar at 27 per cent but thesupply was only 20 per cent.

l The Rs 60-100 lakh category alsomatched with demand at 23 per cent and supply at 22 percent. But in the Rs 1 crore andabove category, the supply was 22 per cent but the demand wasonly 15 per cent.

DEMAND - S UPP LY ANALYS I SThe demand for all categories in Bangalore remained in line with supply except in the Rs 1-2 crorecategory where supply was approximately 7 per cent more than demand. Supply of multi-storeyapartments and single floors exceeded demand by about 10 per cent. Supply and demand of villaswas better matched but demand for plots exceeded supply by about 10 per cent.

The 2BHK configuration was most in demand among consumers but the supply was short byabout 10 per cent. However the 3BHK was most in supply but the demand was short byapproximately 8 per cent. In the 4BHK units, supply exceeded demand by about 6 per cent.

Property wise Analysis

l The demand (48%) and supply(55%) was maximum for multi-storey apartments but a mismatchof 7 per cent was observed. Thiswas followed by demand (28%) forresidential plots, showing a drop(3%) from the previous quarter, butthe supply was only 19 per cent.

l Supply of builder floor apartmentswas 14 per cent, the demand wasmarginal at 3 per cent. Demand forresidential houses was 16 per centbut supply was 7 per cent.

BHK wise Analysis - City Level

l The demand and supply ofapproximately 90 per cent wascorresponding for the 2 and 3BHKconfigurations. There was amismatch, with the 2BHK categoryregistering a demand of 55 per centand supply of only 46 per cent.

l For the 3BHK category the demandwas less at 36 per cent with thesupply more at 43 per cent. The4BHK and above category showedsignificant supply (10%) butdemand was only 4 per cent.

40

30

20

10

0<20 20-40 40-60 60-100 100 &

above

8

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

7

28 2729 28

21 23

14 15

(Jul-Sep 2013)

(Oct-Dec 2013)

Budget wise Analysis - City Level

DEMAND

40

30

20

10

0<20 20-40 40-60 60-100 100 &

above

9

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

8

21 2025

28

21 2224

22

(Jul-Sep 2013)

(Oct-Dec 2013)

SUPPLY

Property wise Analysis - City Level

60

50

40

30

20

10

0

4548

3 3

16 16

3128

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residential Villaapartment floor house plot

DEMAND

5 5

60

50

40

30

20

10

0

54 55

12 14

8 7

2119

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residential Villaapartment floor house plot

SUPPLY

5 5

BHK Configuration - City Level

60

50

40

30

20

10

0

6 5

56 55

35 36

3 4

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above

DEMAND SUPPLY

60

50

40

30

20

10

02 1

44 4642 43

12 10

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above


BHK wise Analysis


Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l The demand and supply of all categories remained constant as seenin the previous quarter. The Rs 20-40 lakh, Rs 40-60 lakh and Rs 60-100 lakh showed a consolidated demand of almost 80 per centwith the supply corresponding at 73 per cent for these categories.

l Significant supply of 18 per cent was registered for the Rs 1 croreand above category, where the demand in this category was only 14 per cent in the current quarter.

l The demand for the Upto Rs 20 lakh category was only 7 per centwhere the supply of the same was 9 per cent as seen in the Oct-Dec 2013 quarter.

DEMAND SUPPLY

DEMAND & SUPPLY - South Bangalore

In South Bangalore demand and supply were evenly matched by budget ranges. However,apartments and single floors led supply while demand was mostly for plots and residentialhouses. Interestingly, at least a third of the demand was for plots but supply was just 18 per cent.

There was a greater supply of 4BHK units than there was demand. Also, demand for2BHK was about 54 per cent while supply was about 10 per cent less. However, demand for3BHK was less than 40 per cent while supply was certainly more than 40 per cent.


l Multi-storey apartments, though, were most popular in SouthBangalore but witnessed a mismatch in the demand (47%) andsupply (54%) in the current quarter, with demand registering anincrease of 3 per cent.

l The mismatch was evident in the other categories as well. Thedemand for builder floor apartments was a negligible 2 per cent butthe supply was significant at 16 per cent.

l In the residential house category, the demand was 16 per cent butthe supply was only 8 per cent. Similarly, in the residential plotscategory the demand was 31 per cent but the supply was 18 per cent.

BHK wise Analysis

l The 2BHK category had the maximum demand and supply butwhere the demand was 54 per cent the supply was 46 per cent, bothregistering a nominal drop of 2 per cent.

l In the 3BHK category, the demand was at 38 per cent while thesupply was slightly higher at 41 per cent. The 2 and 3BHK categoriescatered to approximately 90 per cent demand and supply.

l Significant supply of 10 per cent was seen for the 4BHK and abovecategory, whereas, the demand was a marginal 3 per cent only in thecurrent Oct-Dec 2013 quarter.

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

1 BHK

2 BHK

3 BHK

4 BHK & above

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

Multistorey apartment

Single floor

Residential house

Residential plot

Villa

DEMAND SUPPLY


94

Q2 Q3

2928

8

28

7

27

22 23

14 14

Q2 Q3

9

27

25

19

18

19

28

26

10

19

Q2 Q3

44

16

33

47

16

31

Q2 Q3

53

15

21

54

8

18

816

Q2 Q3

5456

3836

Q2 Q3

4648

40 41

1010


BHK wise Analysis


Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l Though the supply in the Rs 1 crore and above category was themaximum at 31 per cent the demand for this category was limited toonly 18 per cent, with both registering an increase of 3 per cent overthe previous quarter.

l This mismatch was also seen in the Rs 20-40 lakh category withdemand standing at 22 per cent while the supply being 14 per centonly in the current quarter.

l The Rs 40-60 lakh and the Rs 60-100 lakh categories also witnessedsignificant and consistent demand (27 and 25%) and supply (25 and22%) in the current Oct-Dec 2013 quarter.

DEMAND SUPPLY

DEMAND & SUPPLY - North Bangalore

Premium property worth Rs 1 crore and above in North Bangalore was over 30 per cent tocater to a demand of just 18 per cent. Supply and demand were evenly matched in the Rs 40-60 lakh and Rs 60-100 lakh categories. There was a moderate mismatch in propertiesworth Rs 20-40 lakh with demand exceeding supply.

There was much more supply of apartments and single floors than demand. There wasmuch more demand than supply for residential houses. While consumers looked for 2BHKunits, developers were offering more 3 and 4BHK units in North Bangalore.


l The multi-storey apartment category though witnessed themaximum demand (41%) and supply (50%), consistent with theprevious quarter, but registered a mismatch of 9 per cent.

l This mismatch was also observed in the residential house categorywith the demand at 19 per cent and supply only at 8 per cent. In thebuilder floor category where the demand was a marginal 2 per centbut the supply was 9 per cent.

l The city was also witness to significant demand (35%) and supply(31%) for residential plots, which was consistent with the previousJul-Sep 2013 quarter.

BHK wise Analysis

l Demand of a robust 90 per cent was registered in the 2 and 3BHKcategories, with corresponding supply in these two categories beingover 85 per cent. The 4BHK and above category though registered asupply of 12 per cent the demand was only 5 per cent.

l Individually considered, the demand in the 2BHK category was byitself over 50 per cent whereas, the supply was over 40 per cent inthe current quarter.

l On the other hand, the supply of the 3BHK category was robust at 45 per cent while the demand in this category was 37 per cent,registering a mismatch.

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

1 BHK

2 BHK

3 BHK

4 BHK & above

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)


Single floor

Residential house

Residential plot

Villa

DEMAND SUPPLY


94

Q2 Q3

26 22

15

27

8

25

8

23

28

18

Q2 Q3

14

8

16

23

22

25

24

28 31

9

39

21

36

41

19

35

Q2 Q3

50

31

50

8

31

Q2 Q3

8

8

9

Q2 Q3

55 53

37 37

Q2 Q3

44 45

41

1214

39


BHK wise Analysis


Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l The Rs 1 crore and above category witnessed a substantial supply of69 per cent, which dropped by six per cent. However, the demand inthis category was 45 per cent, increased by 10 per cent over theprevious quarter.

l This was followed by the Rs 60-100 lakh category, where the demandwas 27 per cent but the supply was 21 per cent in the current Oct-Dec 2013 quarter.

l Mismatch was registered in the Rs 20-40 lakh and the Rs 40-60 lakhcategories. These saw a healthy demand of 10 and 17 per cent but thesupply was marginal at 2 and 6 per cent, respectively.

DEMAND SUPPLY

DEMAND & SUPPLY - Central Bangalore

In Central Bangalore there was more than 20 per cent over supply in the Rs 1 crore andabove category. Demand for units worth Rs 20-60 lakh was met with meager supply.Demand and supply were more evenly matched in the Rs 60-100 lakh category.

The biggest mismatch in property type was where developers were offering single floorswhile users were demanding apartments. Other categories were better matched. However,developers were building more 3 and 4BHK units while the consumer seemed to prefer 2 and 3BHK units.


l The maximum demand (72%) and supply (52%) was in the multi-storey apartment category, with the supply registering a drop of 16 per cent over the previous quarter.

l Significant supply of 30 per cent was seen for the builder floorcategory, which increased by 12 per cent but the demand was anominal 4 per cent only, consistent to the previous quarter.

l The residential house and the residential plot categories were alsoin the running with demand at 13 and 10 per cent and supply at 10 and 7 per cent, respectively.

BHK wise Analysis

l The 3BHK category catered to the maximum demand and supply ofapproximately 50 per cent, with demand increasing by 5 per centand supply dropping by 3 per cent as compared to the previous Jul-Sep 2013 quarter.

l This was followed by the 2BHK category for demand (32%), whilethe supply was distributed between the 2BHK (27%) and the 4BHKand above (23%) categories.

l The demand for the 4BHK and above category was just 9 per cent inthe current quarter, registering a mismatch. There was negligibledemand and supply for the 1BHK category in Central Bangalore.

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

1 BHK

2 BHK

3 BHK

4 BHK & above

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)


Single floor

Residential house

Residential plot

Villa

DEMAND SUPPLY


94

Q2 Q3

1011

20

32

17

27

35 45

Q2 Q3

1921

6975

6

69

15

10

72

13

10

Q2 Q3

68

8

52

10

7

Q2 Q3

1830

5

Q2 Q3

42

32

49 56

6 9

Q2 Q3

52 49

24

22

27

23


BHK wise Analysis


Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l Both demand and supply in West Bangalore was almost equallydistributed across categories, with maximum demand of 29 per centin the Rs 40-60 lakh category and the minimum of 12 per cent in theRs 1 crore and above category.

l Maximum supply of 24 per cent was in the Rs 40-60 lakh categoryand minimum of 15 per cent in the Rs 1 crore and above category.

l Significant drop (4%) and increase (6%) was observed in the demandfor the Rs 20-40 lakh and the Rs 40-60 lakh categories, correspondingto the drop (5%) and increase (4%) in the supply of these categories,respectively in the current quarter.

DEMAND SUPPLY

DEMAND & SUPPLY - West Bangalore

Supply and demand in West Bangalore were fairly evenly matched. Mismatch was noticedin the type of units. Consumers preferred residential house and plots but apartments andsingle floors dominated supply. Whereas supply for multi-storey apartments witnessed amarginal drop in comparison to the previous quarter.

There was more demand than supply for 2BHK units while the growing supply of 3 and4BHK units did not find enough takers. Small sized units of 1BHK witnessed a deficit insupply in the last six months.


l West Bangalore witnessed a mismatch of demand and supply acrosscategories. While the demand for multi-storey apartments was 36 per cent the supply was much more at 47 per cent, which was adrop of 6 per cent over the previous quarter.

l The demand for residential plots was 42 per cent while the supplywas 34 per cent, increasing 4 per cent in the current quarter.

l Similarly, the demand for residential houses was 19 per centwhereas the supply was only 10 per cent. Builder floor apartmentsthough had a negligible demand but supply was at 8 per cent.

BHK wise Analysis

l Though consistent with the previous quarter, West Bangalorewitnessed a mismatch in all categories except the 1BHK category,which was negligible. The demand was maximum for the 2BHKcategory at 58 per cent while the supply was merely 43 per cent.

l Where the supply of 3BHK units was maximum at 46 per cent, thedemand was only 36 per cent in the current quarter, similar to theprevious quarter.

l Again the supply in the 4BHK and above category was 9 per cent butthe demand for the same was only 3 per cent in the current Oct-Dec 2013 quarter.

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

1 BHK

2 BHK

3 BHK

4 BHK & above

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)


Single floor

Residential house

Residential plot

Villa

DEMAND SUPPLY


94

Q2 Q3

2824

13

23 29

24 22

12 12

13

Q2 Q3

25 20

18

21

20

16

15

21

24

20

33

21

43

36

19

42

Q2 Q3

53

8

30 34

Q2 Q3

88

47

10

Q2 Q3

58 58

36 36

Q2 Q3

45

4347

46

98


BHK wise Analysis


Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY


l The demand in the Rs 20-40 lakh and Rs 40-60 lakh was similar at 30 per cent. This was consistent with the supply at 32 per cent in theRs 40-60 lakh category but showing a mismatch with the Rs 20-40 lakh category at 19 per cent.

l The demand and supply was matching and consistent in the Upto Rs 20 lakh and the Rs 60-100 lakh categories in the current Oct-Dec 2013 quarter.

l Significant supply of 21 per cent was also seen in the Rs 1 crore andabove category, whereas the demand in this category was only 13 per cent, similar to the trend in the previous quarter.

DEMAND SUPPLY

DEMAND & SUPPLY - East Bangalore

In East Bangalore there was far more supply of houses worth Rs 1 crore and abovecompared to the demand. Similarly, there was far more demand for the Rs 20-40 lakhcategory than supply. The demand and supply were evenly poisd in the Rs 40-100 lakhcategories in the current quarter.

There was more demand than supply of plotted developments while there was far moresupply than demand for single floors. The 2BHK category was undersupplied while the 3 and 4BHK categories were oversupplied.


l Maximum demand of 53 per cent was registered in the multi-storeyapartment category with a corresponding supply of 57 per cent inthe same category in the current Oct-Dec 2013 quarter.

l While there was negligible demand in the builder floor category, the supply was a healthy 16 per cent witnessing an increase of 4 per cent. Similarly, the demand for residential houses was 13 per cent but the supply was less than half at 6 per cent.

l This mismatch was observed in the residential plots category aswell, with a significant demand of 24 per cent but the supply wasonly 13 per cent in the current quarter.

BHK wise Analysis

l The 2BHK category had the maximum demand at 56 per cent but thesupply in the same category was insufficient at 46 per cent, thoughconsistent with the previous quarter.

l On the other hand, while the demand for the 3BHK category was 33 per cent, the supply was at 42 per cent.

l Similarly, the demand for the 4BHK and above category was merely4 per cent the supply in this category was 11 per cent. In the 1BHKcategory, the demand was 7 per cent but the supply was miniscule at1 per cent only.

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)

1 BHK

2 BHK

3 BHK

4 BHK & above

Q2 (Jul-Sep 2013)

Q3 (Oct-Dec 2013)


Single floor

Residential house

Residential plot

Villa

DEMAND SUPPLY


94

Q2 Q3

3028

8

31 30

6

21 21

12 13

Q2 Q3

6

1918

28 32

22 22

24 21

8

50

13

25

53

13

24

Q2 Q310 9

58

7

15

57

13

Q2 Q38 8

12 16

6

Q2 Q3

57 56

33 33

6 7

Q2 Q3

42

44 46

42

13 11

BANGALORE 98VOL3, ISSUE 3; OCT-DEC, FY 2013-14propindex.magicbricks.com

ANNExUrES

CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Babu Sahibpalya- Hennuru 3550 to 4450

Banasvadi 3900 to 4950

Bannerghatta Road 3700 to 4850

Begur Road 3050 to 3700

Bellandur 4150 to 5750

Benson Town 7900 to 10700

Bommanahalli 3450 to 4300

Brooke Field 4750 to 5900

BTM Layout 4550 to 5800

Chandapura 2500 to 3000

Cookes Town 6250 to 8150

CV Raman Nagar 3700 to 4450

Doddaballapur Road 3650 to 4500

Electronic City 3050 to 3900

Frazer Town 6350 to 8400

Harlur 4850 to 6400

HBR Layout 3950 to 4950

Hebbal 4900 to 6600

Hennur 3200 to 4000

Hennur Main Road 3950 to 5300

Hennur Road 3900 to 5250

Hoodi 3100 to 3800

Hormavu 3450 to 4300

Hosa Road 3050 to 3950

Hosur Road 3500 to 4500

HSR Layout 4000 to 5300

Indira Nagar 6600 to 8650

ITPL 3550 to 4450

Jakkur 4350 to 5550

Jalahalli 3850 to 5100

JP Nagar 3800 to 4950

JP Nagar Phase 7 4200 to 5550

JP Nagar Phase 8 3500 to 4100

Kadugodi 3250 to 3850

Kaggadaspura 3600 to 4350

Kalyan Nagar 3400 to 4150

Kanakapura Road 3650 to 4750

Kengeri 3100 to 3650

Koramangala 6050 to 8150

Krishnarajapura 3250 to 3850

Kundalahalli 3400 to 4300

Mahadevpura 3900 to 4900

Malleswaram 10350 to 13350

Marathahalli 3550 to 4450

Mysore Road 3500 to 4450

Nagawara 3950 to 4950

Old Madras Road 3900 to 5000

Rajarajeshwari Nagar 3300 to 3950

Ramamurthi Nagar 3300 to 4000

RT Nagar 4050 to 5300

Sahakar Nagar 4250 to 5800

Sanjay Nagar 6100 to 7700

Sarjapur 2950 to 3950

Sarjapur Road 3800 to 5250

Silk Board 3350 to 4350

TC Palya 3250 to 3900

Thanisandra 3800 to 4950

Tumkur Road 3900 to 5150

Uttarahalli 3150 to 3800

Varthur 3600 to 4750

Vidyaranyapura 3100 to 4050

Whitefield 3950 to 5400

Yelahanka 3800 to 5000

Yelahanka New Town 3500 to 4400

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

BANGALORE

propindex.magicbricks.comVOL3, ISSUE 3; OCT-DEC, FY 2013-14 BANGALORE109

VOL3, ISSUE 3; OCT-DEC, FY 2013-14

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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