PropIndex | Magicbricks

Residential Market Insights

Growing working population fueling demand for affordable housing in peripheral areas

Pune residential market demand witnessed a healthy 5.2% growth in Q1 2020, same as the national average, but agreat increment over the 0.2% growth in Q4 2019. Contrary to the increase in demand, the city's residential marketsupply witnessed a decline of 2.4%, which can be ascribed to a decline in the number of unsold units, and a stressedluxury housing segment.

Demand in peripheral areas along NH 48 Bypass sub-markets witnessed a boost as a result of the consumer focus onmid and affordable housing segments. Most developers increased their focus on the affordable segment by shiftingdevelopment to the peripheral localities and reducing the size of the apartments in their new projects.

5 YearChange YoY QoQ

-0.2%1.0%5.8%

5 YearChange YoY QoQ

0.5%-0.6%2.6%

"Pressure from unsoldinventory has resultedin stagnation in theUnder Construction(UC) segment, withprices marginallyfalling 0.6% YoY."

PuneJan-Mar 2020

Parameters India Pune

Demand+ +5.3% +5.2%Supply++ -0.8% -1.4% Price Index+++ +0.1% -0.2%

"Prices ofready-to-move

residential propertiesare witnessing

stagnation from thelast few quarters"

Notes:Above parameters represent QoQ change in Q1 2020 atIndia and city level + volume of property searches ++ volume of active listings +++ change in the weighted average price

Source: Magicbricks Research

Kolte-Patil Developers

Marvel Realtors

Kumar Properties

Godrej Properties

Rohan Builders & Developers

VTP Realty

Nyati Group

Goyal Ganga Group

Pride Purple Properties

Majestique Landmarks

Nanded City Sinhagad Road

Xrbia Hinjewadi Hinjewadi

Rohan Mithila Viman Nagar

Amanora Neo TowersAmanora ParkTown

Forest County Kharadi

Hari Ganga Vishrantwadi

Raheja Vistas NIBM Road

Antheia Pimpri

Future Towers Amanora ParkTown

Marvel Zephyr Kharadi

Average changes in prices for localities in various price segments

Market Dynamics

Ready to Move Price Index

Under Construction Price Index

- State government has announcedstamp duty cut from existing 6% to 5%for properties costing less thanINR 20 lacs. Step to boost the growthin peripheral areas of the city.

- Announcement of two new MetroLines and extension of existing metrolines to Wagholi and Katraj areas, tofurther boost real estate outlook in theperipheral regions.

- 170 Km long, planned Pune Ring Roadwill also be a game-changer for thenorthern and eastern outskirts of thecity in the long term

"Prices remained stableacross all RM and UCcategories, except forthe 'INR 7,500-10,000per sqft' UC properties,which grew 2% QoQ

Key Trends to Watch Out

2014

2015

2016

2017

2018

2019

2020

4,000

5,000

6,000

7,000

8,000

2014

2015

2016

2017

2018

2019

2020

4,000

5,000

6,000

7,000

8,000

Price Bracket (INR per sqft)

< 5,000 5,000-7,500 7,500-10,000 > 10,000

RM UC RM UC RM UC RM UC

0.3%

-0.4%

0.0%-0.1%

2.0%

-0.1% -0.1%

0.2%

Key Projects based on consumersearches

Key Developers based on activelistings

Average Price INR per sqft

Average Price INR per sqft

The above table represents the top developers by share ofactive listings on Magicbricks website in Q1 2020

Source: Magicbricks Research

Note:The above table represents the top projects by consumerpreference on Magicbricks website in Q1 2020

Source: Magicbricks Research

Notes:1. Ready to move price index represents the weighted average price of completed properties on Magicbricks website as on March 20202. The trend line represents the average prices of dominant asset class in each locality of the city. Source: Magicbricks Research

Note:1. Under-construction price index represents the weighted average price of under-construction properties on Magicbricks website as on March 20202. The trend line represents the average prices of dominant asset class in each locality of the city.

Source: Magicbricks Research

Note:Above table represents the price changes for Ready to move (RM) and Under construction (UC) properties for dominant asset classes in each locality under various pricebuckets as on March 2020

Source: Magicbricks Research

Page 1© magicbricks.com

1 BHK28%

2 BHK48%

3 BHK21%

Above 3 BHK4%

DEMAND

Demand Supply Analysis Pune | Jan-Mar 2020

Demand-supply match amongst all price buckets

2BHK highest in demand followed by 1 and 3 BHK configurationsIT/ITeS driven mid-segmentsustaining Pune market

Smaller configurations (1 and 2 BHKs) continueto witness better traction compared to largeconfiguration apartments, making up 76% of theproperty searches in Pune. The supply alsomanaged to keep up for these configurations,making up 71% of the pie of the city.

- However, demand share for 1 BHK was 50%more than the supply share in Q1 2020, reflectinga noticable undersupply of this configuration.

"2 BHK with prices betweenINR 5,000 and 7,500 per sqft, isthe dominant property searchcriterion for Pune buyers"

- For premium segment houses in the centralparts of the city, which are majorly high ticketsized, the search volumes remained sluggish.Consequently, the search for 4 BHKs and aboveconfiguration, remained at just 4% of demand.

- More than 75% of the searches were for housespriced less than INR 7,500 per sqft, majority ofwhich are available in suburbs such as Hinjewadi,Handewadi Road, Wagholi, Dhankawadi, SataraRoad and Airport Road.

- Demand for the 'INR 7,500-10,000 per sqft'price range was well catered, with negligibledemand supply gap. This price range includesmost of the suburbs within the city limits.

- Airport Road, Hadapsar, Baner and Wakadmicro-markets have witnessed high consumeractivity, owing to prominence of old and newoffice clusters and their status as IT/ITeS hubs.

Top Micromarkets by consumersearches

Propensity of demand and supply in terms of searches andlistings by localities

1 BHK18%

2 BHK53%

3 BHK25%

Above 3 BHK5%

SUPPLY

7,500-10,00017%

5,000-7,50045%

> 10,0007%

< 5,00031%

SUPPLY Price buckets in INR per sqft

Top Micromarkets by active listings

7,500-10,00017%

5,000-7,50042%

> 10,0008%

< 5,00033%

DEMAND Price buckets in INR per sqft

Notes:1. Demand represents property searches on Magicbricks website during Q1 2020, segregated by Bedroom, Hall, Kitchen (BHK) configuration2. Supply represents active listings on Magicbricks website during Q1 2020, segregated by BHK configuration

Source: Magicbricks Research

.Notes:1. Demand represents property searches on Magicbricks website during Q1 2020, segregated by price buckets2. Supply represents active listings on Magicbricks website during Q1 2020, segregated by price buckets

Source: Magicbricks Research

Note:1. Above map depicts the key localities of the city, with the size of the bubble depicting demand (consumer preference) /supply (active listings) forproperties in the localities on Magicbricks website in Q1 20202. This is an interactive map available on Magicbricks.com under Propindex section.Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

Source: Magicbricks Research

Note:1. Top micro-markets of the city, ranked by their active listings onMagicbricks in Q1 20202. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.

Source: Magicbricks Research

Note:1. Top micro-markets of the city, ranked by number of searches onMagicbricks in Q1 20202. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.

Source: Magicbricks Research

Ghorpade Peth

Sinhagad Road

Koregaon Park

Sasane Nagar

Pimple Gurav

Purnanagar

Hinjewadi

Bhugaon

Lohgaon

Wagholi

Chikhali

Dhayari

BhosariPimpri

Aundh

Katraj

Moshi

Ravet

Undri

Nigdi

Sus

© OpenStreetMap contributors

Demand/SupplyDemand

Airport Road 5500 - 12250

Hadapsar 3950 - 9900

Kondhwa-Wanwadi 4300 - 9850

Dhayari-Narhe 3250 - 7950

Baner 5150 - 9350

Paud Road 4300 - 12400

Wakad 5050 - 8700

11

22

53

34

45

86

67

Airport Road 5500 - 12250

Wagholi 3800 - 5700

Hadapsar 3950 - 9900

Baner 5150 - 9350

Wakad 5050 - 8700

Hinjewadi 4050 - 6750

Undri-Pisoli 3500 - 7800

11

32

23

44

55

66

77

Micro-Market Price Range Rank Rank Q1-20 Q4-19

Micro-Market Price Range Rank Rank Q1-20 Q4-19

Page 2© magicbricks.com

Note:1. Size of the bubble depicts demand, measured by volume of property searches in localities in Q1 20202. Color of the bubble represents price change in Q1 2020, with green color representing price increase and red color price decrease.3. This is an interactive map available on Magicbricks.com under Propindex section.Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

LocalityAvg.Price

PriceChange

Chakan

Loni Kalbhor

Pirangut

Talegaon Dabhade

Alandi

Handewadi

Shivane

Pisoli

Vadgaon Budruk

Handewadi Road

Wagholi

Narhe

Dhayari

Phursungi

Kiwale

Sasane Nagar

0.7%

-0.9%

-3.0%

0.6%

-0.2%

0.9%

4.5%

-4.4%

1.1%

3.4%

0.4%

-3.9%

-3.8%

4.4%

-4.6%

1.6%

-2.0%

-2.0%

-1.6%

0.8%

4,974

4,957

4,954

4,935

4,882

4,867

4,854

4,812

4,787

4,758

4,598

4,481

4,436

4,330

4,288

4,156

4,046

4,034

3,725

3,592

< INR 5,000 psf INR 5,000-7,500 psf INR 7,500-10,000 psf > INR 10,000 psf

Price Analysis Pune | Jan-Mar 2020

- Price growth was mostly concentrated along the NH 48 Bypass, in prominent localities including Wakad, Baner, Ravet, Punawale, Balewadi, and Kothrudwitnessing price increments.

- Localities around the prime commercial hubs witnessed most of the consumer searches, although there was no consistent price trend for these locations Source: Magicbricks Research

LocalityAvg.Price

PriceChange

Baner Gaon

Pimple Nilakh

Park Street

Yerawada

Baner

Baner-Pashan Link Rd

Wanwadi

Gangadham Road

Market Yard

Bibwewadi

Amanora Park Town

Viman Nagar

Shastrinagar

Magarpatta City

New Kalyani Nagar

Gultekdi

0.2%

6.6%

-1.1%

4.5%

-2.7%

0.3%

-5.2%

0.0%

1.6%

0.4%

-1.7%

2.1%

-1.1%

-6.9%

-6.9%

6.0%

1.1%

2.7%

-0.8%

0.9%

-5.1%

-3.4%

9,809

9,729

9,473

9,272

9,143

9,068

8,762

8,366

8,313

8,281

8,225

8,151

8,132

8,085

8,042

7,922

7,847

7,721

7,692

7,584

7,528

7,517

LocalityAvg.Price

PriceChange

Kothrud

Sopan Baug

Sopan Baug Society

Sadashiv Peth

Parvati Darshan

Koregaon Park

Shivaji Nagar

Model Colony

Erandwane

Karve Road

Law College Road

Boat Club Road

Prabhat Road 0.0%

0.8%

-3.1%

-1.1%

3.0%

0.9%

-1.1%

-0.9%

-5.8%

1.1%

-0.6%

6.9%

2.1%

15,097

14,938

14,533

13,307

12,813

12,546

12,376

11,080

10,851

10,727

10,497

10,433

10,141

Note:1. Above is the list of major localities of the city, with information about their average prices and QoQ price changes in Q1 2020. This is an interactive table available on Magicbricks.com under Propindex section.2. The locality prices are calculated by averaging the prices of all properties in a locality in multi-storey and builder floor segment, after removing the outlier properties that might distort the overall prices.3. The four tables above categorize the localities in various price buckets.4. The color of the numbers represent the price change in Q1 2020, with green color representing price increase, red color price decrease, and grey as neutral. Source: Magicbricks Research

Disclaimer: The data represented above is compiled by MagicBricks from multiple sources. MagicBricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information and does not acceptany liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions.

Q1 2020 Price changes for the city's major localities

LocalityAvg.Price

PriceChange

Paud Road

Marunji

Dehu Road

Manjri

Dhankawadi

Undri

Ambegaon Budruk

Lohgaon

Mamurdi

Dighi

Katraj Kondhwa Rd

Gahunje

Manjri Budruk

Dhanori

Punawale

Hinjewadi Phase 3 -7.0%

0.6%

-1.4%

3.9%

3.8%

1.9%

0.3%

-0.5%

2.0%

-0.7%

2.1%

6.7%

-3.6%

-0.5%

1.8%

-2.5%

5,479

5,474

5,401

5,400

5,348

5,344

5,315

5,293

5,269

5,223

5,108

5,102

5,101

5,093

5,082

5,055

Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Ankur Upadhyay | Data Manager Suneet Saxena | Assistant Manager surabhi.arora@magicbricks.com devendra.lohmor@magicbricks.com ankur.upadhyay@magicbricks.com suneet.saxena@magicbricks.com

Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

For more information and research related queries, please contact:

Talegaon Dabhade-2.0%

Hinjewadi Phase 3-7.0%

Charholi Budruk-3.0%

Loni Kalbhor-1.6%

Dehu Road-0.5%

Phursungi4.5%

Bhugaon1.4%

Pirangut-2.0%

Wagholi3.4%

Gahunje3.8%

Chikhali0.7%

Shivane4.4%

Bhosari-5.2%

Pimpri1.7%

Manjri-3.6%

Aundh0.3%

Alandi1.6%

Katraj1.0%

Moshi0.6%

Pisoli-3.8%

Camp4.5%

Sus1.2%

© OpenStreetMap contributors

-7.5% 7.5%

-5% -2.5% 0% 2.5% 5%

Page 3© magicbricks.com