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FOREWORD

If we delve deeper, the Haryana government slashed the circle rates in Gurugram (Gurgaon) for the first time by

as much as 15 per cent. This move is aimed to revive the otherwise sluggish real estate market in the region and

thereby boost sales. Additionally, the Model Shop and Establishment Act saw the light of the day and it is now the

prerogative of the respective States to implement the same. The Act proposes to allow malls, cinema halls,

restaurants and other retail establishments to remain open all days. This will give a major push to retailing in the

country which ultimately will impact the sector as a whole.

Most importantly, on the salary front, the already much sought-after sarkari naukri might now become more

coveted. The 23 per cent salary hike for government employees will result in higher disposable income in their

hands. Now, considering the risks involved in the stock market and high gold prices, real estate fraternity is

hoping that the fence-sitters will finally take a plunge. And property segments that will benefit the most are

affordable and mid segments.

If we look at the supply of new launches of residential units in top metros, MMR, Pune and Bangalore have seen

an increase in the numbers while NCR was clearly lagging behind. Interestingly, Chennai saw maximum launch of

new projects amongst all metros with luxury segment dominating the property classification. Moreover, the

rental market is looking quite steady. With increased commercial absorption across cities, rental demand in major

areas is poised to grow further.

Priyanka KapoorSr. Manager – Content & Research (Real Estate)QuikrHomes

June has been an interesting month with few big developments taking ‘real’

shape. From the latest go-ahead to the 7th Pay Commission to the slashed circle

rates in Gurugram (Gurgaon) to the Cabinet nod being given to the Model Shop

and Establishment Act, all these developments are hinting towards “Acche Din”

for the sector at large. While the recent relaxation in FDI norms is likely to

address the supply issues, the circle rates cut and 7th pay Commission are most

likely to impact the demand side of the story.

Major Deal Of The Month

MARKET SENTIMENTS

MARKET OVERVIEW - PAN INDIA

In India's largest deal so far in the commercial

property space, Canada-based Brookfield

Asset Management is set to acquire

Hiranandani Group's offices and retail space in

Powai, Mumbai, for about Rs 6,700 cr.

India Invites German Firms To Invest In Infrastructure SectorSeeking German investment in India's infrastructure sector, Urban Development Minister M Venkaiah Naidu

said the partnership between the two countries should and will flourish as he invited participation of its

business community in India's urban renaissance.

New Launches Increase In MMR, Pune & Bangalore • As per our data, new launch supply of residential units in top metros, MMR, Pune and Bangalore have seen

an increase in the numbers while NCR was clearly lagging behind. Interestingly, Chennai saw maximum

launch of new projects amongst all metros with luxury segment dominating the property classification.

Moreover, the rental market is looking quite steady. With increased commercial absorption across cities,

rental demand in major areas is poised to grow further.

• With approximately 6,00,000 unsold housing stock in the primary market in the top seven cities, the

average inventory overhang comes around 35 months. Interestingly, the rental market in top cities

continued to witness a stable price movement.

Roads, Railways & Power May Get Rs 25,000 Cr PushThe government is mulling an additional Rs 25,000 cr allocation to roads, railways and power sectors over

and above the allocation made to them in the Union Budget, potentially providing a mid-year boost to public

spending.

Sahara Properties To Be Auctioned At Rs 1,900 Cr Reserve Price

Taking forward its task of recovering dues from Sahara, markets regulator SEBI will sell a total of 16 land

parcels of the beleaguered group, through e-auction next month, at a reserve price of about Rs 1,900 cr.

SEBI Relaxes InvITs Rules To Draw Business Houses

To help the newly-introduced Infrastructure Investment Trusts (InvITs) gain further traction,

markets watchdog SEBI has proposed easing of norms for these instruments, by reducing the

mandatory sponsor holding to 10 per cent, from the current 25 per cent.

Consumer Panel Asks DLF To Pay 12% Per Annum For Delaying Flats

The apex consumer commission slapped a penalty of 12% per annum on real estate major DLF Ltd to be

given to 50 buyers for delaying possession of their flats in its Panchkula project in Haryana.

TOP TRENDING NEWS

Housing Sales Decline 2.2 % to 1.58 Lakh Units In Fiscal Year 2016

Housing sales fell 2.2 per cent to 1.58 lakh units in seven major cities last fiscal, but the market is expected

to improve by next March on the back of lower interest rates and fall in prices, says a report by JLL.

CIC Gives Pro-disclosure Order On Land Acquisition Ordinance

Ending a year-long impasse between the citizens and the government, the Central Information

Commission has given a pro-disclosure order and directed the rural development ministry to divulge

Cabinet note, file notings and all government communication on the controversial Land Acquisition

Ordinance under the Right to Information (RTI) Act.

DELHI

<1000 ₹5,700

PAN-INDIA REAL ESTATE MARKET OVERVIEW - TOP CITIES

CHANGE IN NEW SUPPLYMonth-on-Month

TOTAL UNITS LAUNCHED (approx.)June

WEIGHTED AVG PRICE (in ₹/sq ft)OF NEW LAUNCHED PROJECTSJune

KOLKATA

<500 ₹2,869

PUNE

<500 ₹7,272

MUMBAI

>3000 ₹16,581

HYDERABAD

<500 ₹3,665

BANGALORE

<500 ₹3,232CHENNAI

<500 ₹5,532

PROPERTY SEGMENT

PROJECT NAME

BUILDER NAME LOCALITYPROPERTY

TYPEBHK DETAILS

(in sq ft)BSP

(INR)LAUNCH

UNITSPOSSESSION

DATE

AffordableDS Max Star

NestDS Max Properties

Pvt LtdKengeri Apartments

2BHK: 797-11463BHK: 1,191-1,500

2,800 132 May 2019

Affordable Vakil MagnoliaVakil Housing Development

Corporation Pvt. LtdChandapura Apartments 3BHK: 1,365 2,500 100 Dec 2018

Mid/ Luxury Midwest Elita Midwest Builders Yelahanka Apartments2BHK: 1,369

3BHK: 1,792-2,1465,399 46 Jun 2017

LuxuryAsrithas Lotus

ResidencyAsrithas Group HSR Layout Apartments

2BHK: 1,2753BHK: 1,660

2BHK: 6,2753BHK: 8,434

10 May 2017

100% Apartments 0% Plots 0% Villas

RANK LOCALITYMAY

PRICE (₹)CURRENT PRICE (₹)

CHANGE

1 Whitefield 5,050 5,150

2 Kanakapura Road 5,100 5,150

3 Electronic City Phase I 4,300 4,200

4 Sarjapur Road 5,450 5,500

5 Varthur 4,100 4,150

6 Yelahanka 4,700 4,650

7 Hennur Road 5,200 5,150

8 Thanisandra Main Road 4,990 5,000

9 Bannerghatta Road 5,050 5,100

10 Hebbal 6,175 6,200

OVERVIEW

KEY PROJECTS

• Bangalore witnessed a marginal increase of 6 per cent in total

new launched supply in the month of June.

• Kengeri emerged as the best performing micro-market in terms

of new launch supply. Flanked by NICE Ring Road, NICE

Bangalore-Mysore Expressway and Mysore Road, Kengeri enjoys

great connectivity to other parts of the city. This coupled with

ample land availability has made Kengeri a hotspot for realty

development.

Top Performing Market

Inventory Overhang

Kengeri

BANGALORE

32 months*

KEY LOCALITIES

40% Affordable

20% Mid-Segment

40% Luxury

AML Classification of New Project Launches

Typology-split of New Unit Launches

*Inventory overhang = Total unsold stock/ Avg. of 12 months sales velocity

On the basis of units launched in June

TOP NEWS & DEALS

Bangalore-Mysore 6-Lane Work To Begin By AugustThe work on upgrading the Bangalore-Mysore Road to six lanes will begin by August, as per PWD Minister H C Mahadevappa.

Whitefield

JP Nagar

Jayanagar Koramangala

BTM Layout

Malleswaram

Indiranagar

Sarjapur RoadHosur Road

Haralur

BANGALORE

Rental YieldOut of the top markets based on gross rental yield, majority of the markets are skewed towards the south-eastern part of the city. Strategically situated along the ORR, these markets are seeing high residential demand due to the presence of IT/ITeS and SEZs.

Rental Trends• The presence of IT/ITeS have

made Electronic City and Whitefield prominent localities for rentals. However, it is remarkable to see how the older localities of Koramangala and Indiranagar have also retained their sheen with a healthy demand and supply ratio.

Top Markets- Rental Yield

Top Markets- Rental Demand

Top Markets- Rental Availability

Whitefield Set To Go SmartDespite all its problems like bad roads, broken pavements, overflowing drains, Whitefield may qualify for a Rs 5,847.5 crgrant under the second phase of the Smart City project.

Metro South Line Trials By September: BMRCLNamma Metro cleared a major milestone when the Kaveri Tunnel-Boring Machine, working northwards from Chikpet, reached the Kempegowda Station. This breakthrough means BMRCL will soon be able to begin trials once the tracks are ready.

HSR Layout

Electronic City

PROPERTY SEGMENT

PROJECT NAME


TYPEBHK DETAILS

(in sq ft)BSP

(INR)LAUNCH

UNITSPOSSESSION

DATE

AffordableManju Global

City

Manju Foundations Pvt

LtdEast Coast Road Villas

2BHK Villa: 4753BHK Villa: 758

2,084 138 Jun 2019

Affordable/ MidTouchwudConfluence

Touchwud Flat Promoters Pvt.

Ltd.Guduvanchery Apartments

1BHK: 501 - 5092BHK: 761

3BHK: 1,149 -1,3103,499 98 Aug 2017

Mid GP Freesia GP Homes Pvt Ltd Korattur Apartments2BHK: 704 - 905

2.5BHK: 1,0333BHK: 1,052 -1,201

5,500 22 Aug 2017

Luxury DRA TuxedoDRA Projects Pvt

LtdVelachery Apartments

2BHK: 1,147 - 1,2343BHK: 1,475 - 1,739

7,450 56 Dec 2018

Luxury

KgeyesSowrashtra

Nagar

Kgeyes Residency Pvt Ltd

Choolaimedu Apartments2BHK: 1,017

2.5BHK: 1,2043BHK: 1,052 -1,260

10,500 6 Mar 2017

Luxury Arham Sarva Arham Builders Anna Nagar East Apartments 3BHK: 1,360 - 2,000 16,000 6 Dec 2017

57.7% Apartments 0% Plots 42.3% Villas

RANK LOCALITYMAY


CHANGE

1Old MahabalipuramRoad

4,288 4,300

2 Perumbakkam 4,124 4,200

3 Porur 6,025 6,100

4 East Coast Road 5,645 5,600

5 Madipakkam 5,122 5,200

6 Pallikaranai 5,160 5,100

7 Sholinganallur 5,234 5,150

8 Medavakkam 4,610 4,650

9 Velachery 7,600 7,650

10 Poonamallee 3,960 3,900

OVERVIEW

KEY PROJECTS

• A total of six projects were launched in Chennai contributing to a

total of 326 units. Once again luxury market dominated the new

launch supply.

• East Coast Road emerged as the best performing market with

considerable new supply of villas in the affordable segment. The

development of ECR into a National Highway has helped the

region climb the realty ladder in terms of both supply and

demand.


Inventory Overhang

East Coast Road

CHENNAI

31 months

KEY LOCALITIES

30% Affordable

20% Mid-Segment

50% Luxury




Velachery

Porur

Chromepet

Adyar

Thiruvanmiyur

TOP NEWS & DEALS

Embassy Group To Co-Develop SEZ In ChennaiEmbassy Group has emerged as the exclusive co-developer for setting up a 30-acre SEZ along the Thoraipakkam-Pallavaram Radial Road. The first phase of the project, to be known as "Embassy Splendid TechZone,” is expected to be completed by 2019.

Tamil Nadu Govt. In Talks With Foxconn, Other CompaniesAlmost 18 months after the mobile handset manufacturing unit of Nokia India suspended operations at the SEZ facility in Sriperumbudur, the Government of Tamil Nadu is in talks with at least four or five companies to revive the manufacturing facility.

Chennai-Bangalore Corridor Promises Win-Win For AllThe long-term vision of the Chennai-Bangalore Industrial Corridor is to develop itself as a globally competitive manufacturing hub that promotes sustainable development by creating at least 22 million additional jobs in the next 20 years.




Rental YieldStrategically located along the GST Road, Chromepet recorded highest rental yield. This can be attributed to the high demand from IT professionals and the students studying in nearby colleges.

Rental Trends• As expected, maximum rental

availability is seen towards South Chennai where demand is driven by the major IT corridors – OMR and GST. Also, most of the top markets are established residential hubs.

CHENNAI

Mylapore

Anna Nagar

Mudichur

Chintadripet

Poonamallee

Madipakkam

Ambattur

PROPERTY SEGMENT

PROJECT NAME


TYPEBHK DETAILS

(in sq ft)BSP

(INR)LAUNCH

UNITSPOSSESSION

DATE

LuxuryGemini Infra

NexusGemini Infra India

Pvt. Ltd.Nizampet Villas 3BHK: 2,592 3,665 3 Dec 2016


RANK LOCALITYMAY


CHANGE

1 Manikonda 2,950 3,000

2 Kondapur 4,267 4,300

3 Gachibowli 4,005 4,100

4 Miyapur 3,345 3,400

5 Madhapur 4,950 4,850

6 Kompally 3,300 3,250

7 Attapur 3,250 3,200

8 Chanda Nagar 3,300 3,350

9 Hi Tech City 5,050 5,150

10 Banjara Hills 5,645 5,700

OVERVIEW

KEY PROJECTS

• Hyderabad residential market witnessed only one project launch

in the month on June.

• In last few quarters, the city has been experiencing high real

estate activity with a sharp increase in the new launch supply.

This is the first time in the current fiscal when the city recorded

a massive decline in the new unit launches when compared to

the last few months.


Inventory Overhang

Nizampet

HYDERABAD

28 months

KEY LOCALITIES

0% Affordable

0% Mid-Segment

100% Luxury




• Nizampet emerged as the top preforming market owing to the presence of IT/ITeS companies in and around

the area.

TOP NEWS & DEALS

Telangana To Set Up Pharma City Near HyderabadTelangana government has ordered setting up of a 'Pharma City' on 12,500 acres of land in Rangareddy and Mahbubnagar districts of the state.

Hyderabad Govt. Starts Land Acquisition For SRDP For the makeover of 18 major road junctions as a part of the Strategic Road Development Plan (SRDP), the Hyderabad district administration has begun the exercise to acquire land from government entities and private property owners.

Centre Approves 2 Industrial Corridors In TelanganaThe Union commerce ministry has approved two industrial corridors in the state. The ministry gave in-principle approval to proposals submitted by the TS government on setting up industrial corridors along Hyderabad-Warangal and Hyderabad-Nagpur Highways.

HYDERABAD

Rental Yield • Top markets with high gross rental yield

are essentially the Cyberabad micro-markets including Gachibowli and Manikonda, driven by IT/ITeS sectors.

Miyapur

Gachibowli

Kukatpally

MadhapurAmeerpet

Jubilee Hills

Banjara Hills

Ramanthapur

Tolichowki

Rental Trends• While the western region of

the city dominates growth and development pivoted along the IT industry, we can see increase in rental activity and demand owing to the elevated Metro corridor connectivity.

• There is good rental demand and supply in most of the major markets including Gachibowli and Madhapuramongst others.


Top Market- Rental Demand


Kondapur

Mehdipatnam

Manikonda

PROPERTY SEGMENT

PROJECT NAME


TYPEBHK DETAILS

(in sq ft)BSP

(INR)LAUNCH

UNITSPOSSESSION

DATE

AffordableRealtech 16

AanaRealtech Nirman Rajarhat Apartments

2 BHK: 607 3 BHK: 1,070

2,900 112 Dec 2018

AffordableUnique

ParkwoodsUnique Property Rajarhat Apartments

1BHK: 5502 BHK: 700-850

3 BHK: 9003 BHK: 900-1250

2,800 50 Dec 2019


RANK LOCALITYMAY


CHANGE

1 Rajarhat 4,334 4,350

2 Garia 3,770 3,800

3 EM Bypass 6,233 6,250

4 Narendrapur 3,600 3,550

5 Madhyamgram 2,900 2,950

6 BT Road 4,040 4,100

7 New Town 4,800 4,850

8 Behala 3,800 3,900

9 Tollygunge 4,850 4,900

10 Dum Dum 3,300 3,250

OVERVIEW

KEY PROJECTS

• Similar to the month of May, Kolkata witnessed the launch of

two projects offering apartments in the affordable segment.

• Rajarhat, once again, emerged as the top performing market.

Lower property prices coupled with sound infrastructure

continue to attract both developers and buyers to Rajarhat.


Inventory Overhang

Rajarhat

KOLKATA


30 months

KEY LOCALITIES

100% Affordable

0% Mid-Segment

0% Luxury



KOLKATA

Rajarhat

Dum Dum

Salt Lake City

VIP Road

Tollygunge

TOP NEWS & DEALS

Civic Body Offers UAA System For Property Tax CalculationSimpler, quicker and more inclusive - that's the promise from Kolkata Municipal Corporation as it rolls out a DIY method of property tax calculation. The key feature of the Unit Area Assessment (UAA) system is that it caps the highest tax slab at 20 per cent.

Aadhar Housing Finance Expects Over 70% GrowthAadhar Housing Finance is expecting over 70 per cent surge in home loan disbursements this year in West Bengal following implementation of the Housing for All by 2022 and Smart City projects.

Green City plan for Kolkata's New TownProdded by chief minister Mamata Banerjee, the Housing Infrastructure Development Corporation (Hidco) has started preparing a plan to develop New Town as a Green City. The programme may start from mid-July.




Rental YieldRajarhat garnered maximum rental yield owing to the high rental demand from the IT professionals working in and around the area.

Rental Trends• Tollygunge has emerged as

the top market in terms of rental yield, demand as well as availability. It is known as one of the most premium localities in Kolkata, thanks to 2 lavish golf courses within the locality.

Garia

Rajarhat New TownKeshtopur

PROPERTY SEGMENT

PROJECT NAME


TYPEBHK DETAILS

(in sq ft)BSP

(INR)LAUNCH

UNITSPOSSESSION

DATE

AffordableNK Neel Empire

NK Enterprises Karjat Apartments1RK: 380

1BHK: 520 - 5652BHK: 870

4,000 2,300 Dec 2019

Affordable Nisarg Greens Nisarg Group Ambernath East Apartments1BHK: 730 – 900

2BHK: 1,0304,100 624 Dec 2019

LuxuryPiramal

Vaikunth Ph IIPiramal Realty Balkum Apartments

2BHK: 908 – 9113BHK: 1,262

9,050 224 May 2021

LuxuryLakhani

Empire TowerLakhani Builders

Pvt Ltd.Thane East Apartments

2BHK: 1,0702.5BHK: 1,443

3BHK: 1,720 – 1,75011,300 200 Dec 2019

LuxuryConcrete Sai

SwaroopConcrete Builders Chembur Apartments

1BHK: 715 2BHK: 1,080

17,480 70 May 2018


RANK LOCALITYMAY


CHANGE

1 Badlapur East 3,600 3,650

2 Virar West 4,400 4,200

3 Andheri West 21,600 21,820

4 Mira Road 7,800 7,850

5 Chembur 17,512 17,400

6 Wadala 21,350 21,450

7 Ulwe 5,800 5,820

8 Panvel 5,980 5,600

9 Kharghar 7,950 8,000

10 Nerul 11,200 11,250

OVERVIEW

KEY PROJECTS

• MMR witnessed a massive increase in the total new launched

supply in the month of June. A total of five projects were

launched in MMR contributing to approximately 3,400 units,

which is the highest among all tier-1 cities of India.

• Karjat emerged as the best performing micro-market in the

region. Located along the State Highway in Raigad district, it is

well connected to Panvel, Mumbai, Thane and Pune.

Top Performing Markets

Inventory Overhang

Karjat

MMR

40 months

KEY LOCALITIES

28% Affordable

0% Mid-Segment

72% Luxury




Chandivali

Powai

Malad West

Ghodbunder Road

Kharghar

Andheri East

Chembur

Mira Road

Tilak Nagar

TOP NEWS & DEALS

MMRDA To Allow Flats On Plots Earmarked For Commercial Use In BKCMMRDA will allow apartments to come up on plots reserved for commercial establishments in BKC. BKC houses several government offices and key private financial institutes like ICICI Bank and Crisil.

Property Tax Bill Easier To DecodeThe property tax bills issued by the Thane Municipal Corporation (TMC)will be much more easy to understand now as the administration has simplified the format for its nearly 4.2lakh consumers.

Mumbai Civic Body To Survey Properties To Widen Tax NetThe Brihanmumbai Municipal Corporation (BMC) has decided to start a survey to assess properties to increase the tax net. Using the Light Detection and Ranging (LiDAR) technology and video-recording, the survey will help the civic body identify unassessed properties.




MMR

Rental Yield • Located in proximity to Powai,

Chandivali is seeing major real estate activity owing to decent social and physical infrastructure facilities. The gross rental yield here has increased from 2.6 per cent in Q1 2016 to 3 per cent in Q2 2016.

Rental Trends

• Mumbai suburbs continue to show their dominance in the rental markets of MMR.

• Close proximity to financial capital, good connectivity and robust infrastructure has boosted high rental values in these markets.

Nalasopara

Nerul

Airoli

Malad East

Goregaon East

PROPERTY SEGMENT

PROJECT NAME


TYPEBHK DETAILS

(in sq ft)BSP

(INR)LAUNCH

UNITSPOSSESSION

DATE

Mid/ Luxury

Flower Valley Lake Front

Towers

Sweta Estates PvtLtd.

Sohna Road Apartments3BHK: 1,590 4BHK: 2,407

5,700 600 Dec 2018


RANK LOCALITYMAY


CHANGE

1 Suraj Kund 6,391 6,330

2 Raj Nagar Extension 3,320 3,420

3 Crossing Republik 3,700 3,450

4 Indirapuram 5,550 5,600

5 Noida Extension 3,400 3,320

6 Yamuna Expressway 3,314 3,300

7 Sector-54, Gurgaon 12,808 13,570

8 Sector-50, Gurgaon 8,500 8,550

9 Sohna Road 7,550 7,500

10 Golf Course Road 13,500 12,350

OVERVIEW

KEY PROJECTS

• The recent cut in the circle rates in Gurugram is set to have a

positive impact on the realty market here. However, Delhi-NCR

has the highest inventory overhang in contrast to major metros.

• With builders mainly concentrating on completing their

previously launched projects, there has been a decent drop in

the new project launches in NCR. Only few parts of the region

are active due to various commercial establishments and

infrastructure projects being taken up.

Top performing market

Inventory Overhang

Sohna Road

NCR

55 months

• Sohna Road, with a bustling commercial activity, stood top in the new residential supply entering the

market this month. Although, the average sale prices dropped in the region marginally.

KEY LOCALITIES

0% Affordable

50% Mid-Segment

50% Luxury




Indirapuram

Rohini

Noida Sector 137

Patel Nagar

Noida Sector 12Uttam Nagar

Kalkaji

LaxmiNagar

Vikapuri

TOP NEWS & DEALS

280 Flats On Offer Along Yamuna E-WayYEIDA launched five housing schemes in its area. On offer are flats in residential category and plots in industrial, institutional and commercial categories. There are 280 residential flats on offer. The 200 smaller units will cost Rs11 lakh each while the 80 bigger ones will be Rs 19 lakh each.

DMRC To Take Up Dwarka-IFFCO Chowk Metro ProjectDelhi Metro Rail Corporation (DMRC) will implement the proposed metro line from DwarkaSector 21 to IFFCO Chowk in Gurgaon. Haryana Chief minister Manohar Lal Khattar said the state government had given final nod to the project.

Metro For Okhla Residents Part of the new Magenta Line of Delhi Metro may soon start functioning as DMRC started trial runs on the 3.5km stretch between Kalindi Kunj Depot and Okhla Vihar metro station. Once completed, it will connect Janakpuri West metro station with Botanical Garden station and will have a total length of 38km.




Rental Yield Uttam Nagar garnered healthy rental yield owing to its strategic location. The micro-market boasts of good accessibility via Metro and is also in close proximity to Gurgaon and IGI Airport.

Mahipalpur

Rental Market Trends• Affordability and decent

infrastructure have been the major factors for rental markets such as Indirapuram, Rohini.

• Connectivity and proximity to Gurgaon are the key factors for high rental activity in UttamNagar, Saket and Mahipalpur.

NCR

Old RajendraNagar

Saket

PROPERTY SEGMENT

PROJECT NAME


TYPEBHK DETAILS

(in sq ft)BSP

(INR)LAUNCH

UNITSPOSSESSION

DATE

Luxury

KasturiApostrophe

NextKasturi Housing Wakad Apartments 3BHK: 1,505 – 1,555 7,272 130 Apr 2019


Rank LOCALITYMAY


CHANGE

1 Wagholi 4,600 4,650

2 Wakad 6,450 6,400

3 Baner 7,200 7,100

4 Kharadi 6,400 6,320

5 Undri 4,980 4,700

6 Hadapsar 5,899 5,500

7 Talegaon 3,910 3,600

8 Bavdhan 6,590 6,620

9 Balewadi 6,800 6,850

10 Hinjewadi 5,788 5,830

OVERVIEW

KEY PROJECTS

• Pune residential market also witnessed a downturn in terms of

new units supply. The city saw supply of less than 150 units,

which is marginally low as compared to the previous month.

• While most developers are seen to be concentrating on clearing

their existing residential stock, we see a marginal decline in the

average property prices along major markets in the city.


Inventory Overhang

Wakad

PUNE

23 months

• Wakad has been the most active market of the month with good number of residential units being

launched. Close proximity to IT/ITeS hubs keeps both, sale and rental demand high in the area.

Interestingly, the market saw launch of only luxury apartment units.

KEY LOCALITIES

0% Affordable

0% Mid-Segment

100% Luxury




Viman Nagar

Kharadi

Wagholi

Hadapsar

Wakad

Katraj

Kothrud

Baner

WadgaonSheri

TOP NEWS & DEALS

1,336 Flats To Be Allotted Under Pimpri Chinchwad'sEWS Housing Scheme A total of 1,336 flats will be allotted to beneficiaries of the economically weaker sections by the Pimpri Chinchwad Municipal Corporation under their urban renewal mission. Currently, around 6,250 flats are being constructed at Chikhle.

Magarpatta City: India’s First Successful Land Pooling PlanMagarpatta City is the township in the village of Hadapsar in Pune. Built over 600 acres of land, it is home to a commercial zone, residential neighbourhoods, a multi-specialty hospital, a shopping mall, multiple restaurants, a gymkhana, schools and a large 25-acre serene park.

Property Tax Hike Decision Under Review In PuneA massive hike that was proposed in property tax could be withdrawn as the standing committee has shown its willingness to reconsider the general body's decision taken in February to generate funds for 24x7 water supply.




PUNE

Rental Yield Hadapsar stands out in terms of maximum rental yield owing to its proximity to the IT/ITeScompanies along with its new counterpart Kharadi.

Rental Trends• Locational advantage and

proximity to IT parks of Hinjewadi continue to drive rental supply in Wakad and Baner.

• Proximity to Airport along with employee hubs including industrial zones and IT Parks drive rental activity in WadgaonSheri, Viman Nagar and Wagholi.

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To know more about the below listed services please send an email to [email protected];

• Quarterly Demand Supply Analysis Report

• Customized Reports

• Market Assessment Reports

• Feasibility Reports

• Competitive Benchmarking Study

• Land Potential Assessment

• Projects Monitoring Services

• Tier 1 Cities Residential Projects Details

• Historical Price & Absorption Trends

Copyright © 2007-16 QuikrHomes | CommonFloor. All rights reserved.The information provided herein is based on QuikrHomes & CommonFloor data from its proprietary data model and also various publicly known sources such as websites, documents and maps. Projects mentioned in the report are selected solely on basis of various parameters including number of units, price range and unique selling point, among others. The selection, omission, or content of items does not imply any endorsement or other position taken by QuikrHomes & CommonFloor. The information is provided on an "as is" and "as available" basis. QuikrHomes & CommonFloor expressly disclaim warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.

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