propindex | magicbricks...residential prices in hyderabad witnessed annual appreciation of 15.1%,...

PropIndex | Magicbricks

Residential Market Insights

Steady price rise with stable demand and increased supply

Residential prices in Hyderabad witnessed annual appreciation of 15.1%, driven by favourable market sentiments,political stability, and improving infrastructure. During Q4 2019, the city recorded a visible rise in active listings by4.2%, however, demand largely remained stable showing a negligible dip of 0.2%.

Proximity to IT hubs, widespread connectivity via Outer Ring Road (ORR) and easy access to metro rail network,spurred real estate growth in the northern and western suburbs of the city. These include areas of Gachibowli,Kukatpally, Pragathi Nagar, Nizampet, Miyapur, Kondapur, Bachupally and Manikonda. New fringes of Kompally,Adibatla, Tellapur and Patancheru, also witnessed significant real estate activity, primarily triggered by theirlocation alongside ORR.

5 YearChange YoY QoQ

3.8%15.1%76.2%

5 YearChange YoY QoQ

2.2%6.5%39.8%

"Average price for UCproperties grew by ahealthy 6.5% annuallyand 2.2% quarterly,reiterating positivesentiments."

Hyderabad Q4 2019

Parameters India Hyderabad

Demand+ +4.0% +0.2%Supply++ +1.5% +4.2%Price Index+++ +1.2% +3.8%

"The city observed aconsistent upwardtrend in prices, whichrose by 3.8% from INR5,395 per sq. ft. in Q32019 to INR 5,602 persq. ft. in Q4 2019."

Notes: + represents the QoQ change in volume of propertysearches on Magicbricks website in Q4 2019. ++ represents the QoQ change in volume of active listingson Magicbricks website in Q4 2019. +++ represents the QoQ change in the weighted averageprice at India and city level..

Aliens Group

INCOR

Aparna Constructions

Lansum Etania Developers

Lodha Group

Lanco Hills Technology

Ramky Estates

Prestige Estates Projects

Greenmark Developers

PBEL Property Development

Pragati Elegance Kukatpally

Aliens SpaceStation

Gachibowli Phase3

Swapna Residency Deepthisri Nagar

Lakshmi ResidencyKothapet

Lakshmi Nilayam Kondapur

Bhavani Enclave ECIL

SumadhuraAcropolis

Gachibowli

Aparna SerenePark

Kondapur

Price Bracket (INR/sqft)

< 4000 4000-5000 5000-6000 > 6000

RM UC RM UC RM UC RM UC

3.0%

3.7%

1.1%

2.9% 2.8%

3.7%

0.7%

3.2%

QoQ changes in various price segments

Market Dynamics

Ready to Move Price Index

Under Construction Price Index

- With most of the searches and activelistings getting concentrated in thelower price brackets, the market wouldcontinue to be driven by affordability

- Developers to focus more on peripherallocations like Kompally, Adibatla,Tellapur and Patancheru, as ORRconnects them with IT hubs (Gachibowliand Hitec City), International Airport,and emerging employment destinations(Pocharam and Adibatla)

- Pocharam and Adibatla likely to remainactive due to increased activity in IT andmanufacturing sector in the city’ssouthern periphery.

"Though, bothready-to-move andunder-constructionproperties registeredprice growth across allbrackets, RM propertiesoutperformed UC

properties, rising 2.9%to 3.7%.

Key Trends to Watch Out

2014

2015

2016

2017

2018

2019

2020

0

1,000

2,000

3,000

4,000

5,000

6,000

Avg. Price psf

2014

2015

2016

2017

2018

2019

2020

0

1,000

2,000

3,000

4,000

5,000

6,000

Avg. Price psf

Average Price INR psf

Average Price INR psf

Note:The above table represents the top developers by numberof active listings on Magicbricks website in Q4 2019

Source: Magicbricks Research

Note:The above table represents the top projects by consumerpreference on Magicbricks website in Q4 2019


Notes:1. Ready to move price index represents the weighted average price of completed properties listed in the city on Magicbricks website as on Q4 20192. The data represents price trend for properties in multistorey and builder floors only Source: Magicbricks Research

Notes:1. Under-construction price index represents the weighted average price of under-construction properties listed in the city on Magicbricks website as on Q4 20192. The data represents price trend for properties in multistorey and builder floors only


Note:Above table represents the price changes for Ready to move (RM) and Under construction (UC) properties on Magicbricks website in Q4 2019 for various price buckets


Page 1© magicbricks.com

Key Developers based onactive listings

Key Projects based onconsumer searches

1 BHK6%

3 BHK35%

Above 3 BHK3%

2 BHK56%

DEMAND

Demand Supply Analysis Hyderabad Q4 2019

Affordable units dominating the market

2 and 3 BHKs comprising maximum demand and supplyAffordability drove theresidential market

47% of the consumer searches were in ‘Lessthan INR 4,000 per sq. ft.’ segment, followed by‘4,000-6,000 per sq. ft.’ bracket, which recorded37%. Both these segments together contributeda significant 84% of total searches onMagicbricks website.

“About 72% of the city’s supplywas concentrated in two pricebrackets – '4,000-6,000 per sqft’(40%) and ‘Less than 4,000 persqft’ (32%). It broadly matcheswith consumers’ expectationsand also emphasize developers’focus on affordable projects.”

- A moderate demand-supply mismatch isevident in ‘Less than INR 4,000 per sq. ft.’bracket. While demand in this bracket stands at47%, the corresponding supply is at 32%.

- Higher price segments of greater than INR6,000 per sqft, together accounted for 15% ofsearches, but had nearly double the activelistings at 29%, indicating passive buyerinterest in higher priced properties.

- 2 & 3 BHKs constitute more than 90% of bothdemand as well as supply. 2 BHK, at 56%, is themost searched BHK configuration followed by 3BHK at 35%.

- Miyapur, Gachibowli and Kukatpally, continuedto be the top-3 micro-markets owing toproximity to key job hubs, easy access to ORRand metro rail connectivity.

Top Micromarkets by consumersearches

Propensity of demand and supply in terms of searchesand listings by localities

1 BHK2%

2 BHK48%

3 BHK45%

Above 3 BHK5%

SUPPLY

6000-800021%

4000-600040%

> 80008%

< 400032%

SUPPLY Price buckets in INR per sqft

Top Micromarkets by activelistingsa

> 80003%

6000-800012%

4000-600037%

< 400047%

DEMAND Price buckets in INR per sqft

Notes:1. Demand represents property searches on Magicbricks website during Q4 2019, segregated by Bedroom, Hall, Kitchen (BHK) configuration2. Supply represents active listings on Magicbricks website during Q4 2019, segregated by BHK configuration


.Notes:1. Demand represents property searches on Magicbricks website during Q4 2019, segregated by price buckets2. Supply represents active listings on Magicbricks website during Q4 2019, segregated by price buckets


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 Q4 20192. 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.


Note:1. Top micro-markets of the city, ranked by their active listings onMagicbricks in Q4 20192. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.


Note:1. Top micro-markets of the city, ranked by number of searches onMagicbricks in Q4 20192. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.


Vanasthalipuram

Rajendra Nagar

Telecom Nagar

Santosh Nagar

Suchitra Circle

Secunderabad

Mehdipatnam

Appa junction

DammaigudaPatighanpur

KPHB Road

Upparpally

Mallampet

Medipally

Safilguda

Kompally

Adibatla

Tellapur

ChintalYapral

Kollur

Uppal

ECIL

© OpenStreetMap contributors

Demand/SupplyDemand

Miyapur 2515 - 5856

Gachibowli 3646 - 8036

Kukatpally 3763 - 8558

Mehdipatnam 3229 - 7845

31

22

13

84

Gachibowli 3646 - 8036

Miyapur 2515 - 5856

Kukatpally 3763 - 8558

Nallaganla-Tellapur

2263 - 6848

Sagar Highway 1629 - 2669

11

22

33

44

Micro-Market Price Range Q4 Rank Q3 Rank

(Price in INR per Sqft)

Micro-Market Price Range Q4 Rank Q3 Rank


Note:1. Size of the bubble depicts demand, measured by volume of property searches in localities in Q4 20192. Color of the bubble represents price change in Q4 2019, 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.

Locality Name Avg PriceQoQ

Change

Bachupally

Kompally

Nizampet 4%

2%

5%

3,962

3,915

3,552

< INR 4,000 psf INR 4,000-5,000 psf INR 5,000-6,000 psf > INR 6,000 psf

Price Analysis Hyderabad Q4 2019

- Residential prices appreciated in all the localities of Hyderabad, across all price brackets- Localities in northern & western suburbs showed highest QoQ price gains of 4-6%, access to employment hubs, quality social infra, and sound connectivity- Bachupally (5%), Nizampet (4%), Manikonda (6%), Miyapur (5%), Gachibowli (5%) and Kukatpally (4%), witnessed robust price growth during Q4 2019- Other developing localities of Kompally, Rajendra Nagar, Tellapur and Nallagandla, also grew by a modest 2-4% during the quarter


Alkapur Township1.3%

Rajendra Nagar4.1%

Appa Junction1.5%

Banjara Hills2.0%

Nallagandla1.5%

Hitech City3.6%

Kompally2.2%

Attapur2.1%

KPHB2.3%

© OpenStreetMap contributors


Change

Miyapur

Rajendra Nagar

Manikonda

Hafeezpet

Tellapur

Kokapet

Nallagandla

Narsingi 3%

2%

4%

3%

4%

6%

4%

5%

5,717

5,710

5,359

5,271

5,201

5,143

5,053

5,004


Change

Kondapur

Kukatpally

Gachibowli

Shaikpet

Nanakram Guda

KPHB

Hitech City

Madhapur

Banjara Hills

Jubilee Hills 3%

2%

3%

4%

2%

3%

4%

5%

4%

2%

9,497

7,819

7,587

7,113

6,892

6,666

6,645

6,520

6,325

6,302

-7.5% 7.5%

Avg Price Change %ge

Note:1. Above is the list of major localities of the city, with information about their average prices and QoQ price changes in Q4 2019. 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 Q4 2019, 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.

Q4 2019 Price changes for the city's major localities


Change

Alkapur Township

Appa Junction

Attapur

Bandlaguda Jagir

Chandanagar

Pragathi Nagar 4%

5%

4%

2%

2%

1%

4,014

4,804

4,305

4,480

4,978

4,543

For more information and research related queries, please contact:

Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Ankur Upadhyay | Data Manager Prateek Pareek | Assistant [email protected] [email protected] [email protected] [email protected]

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

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


propindex | magicbricks...residential prices in hyderabad witnessed annual appreciation of 15.1%,...

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