proptiger monthly realty watch of oct 2013

Monthly Realty Watch

1 Nov 2013

Ankur Dhawan : [email protected]

Kapil Pathak : [email protected]

DATA LABS

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Table of Content

Bangalore ……………………………………………………… 2

Chennai ………………………………………………………... 4

Gurgaon ……………………………………………………….. 6

Hyderabad …………………………………………………….. 8

Kolkata ………………………………………………………… 10

Mumbai ….…………………………………………………….. 12

Noida …………………………………………………………… 14

Pune ……………………………………………………………. 16


1 Nov 2013



DATA LABS

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Bangalore

Price Trends

BSP(Rs/sq ft) Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Price

Change (%)

Bannerghatta Road 3,941 3,913 3,941 3,972 4,010 4,118 4%

Yelahanka 3,711 3,774 3,784 3,829 3,907 3,934 6%

Whitefield 3,670 3,636 3,664 3,719 3,780 3,817 4%

Varthur 3,159 3,220 3,263 3,283 3,316 3,341 6%

Electronic City 3,074 3,080 3,114 3,129 3,187 3,238 5%

Bangalore has seen moderate price increase (4 – 6%) across localities in past 6 months. New projects by Prestige in Electronic City (Presti ge Sunrise Park) and Prestige Lakeside Habitat are launched at significant premium to loca lity average and have seen good response from buyers.


1 Nov 2013



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Bangalore

New Launches – Oct, 2013

Bangalore also saw good number of new launches. Som e of the key launches are

• Prestige Lakeside Habitat on Varthur road with 3428 apartment and villas • Purva Westend in Begur with 740 units • Ozone Urbana Pavillion in Devanahalli with 320 units • MJR Clique in Electronic City with 521 units

Locality Builder Name Project Name TypeExpected

Completion Date

Option Type(BHK) Total UnitsPrice

(Rs/sq ft)

Sarjapur Road Post Railway Crossing JR Housing Greenwich - Phase 2 Villa Apr,15 3 BHK 37 7,867

YelahankaNakshatra Upscale Nakshatra Celestia Apartments Sep,15 2 BHK,3 BHK 69 3,333

Banaswadi Living Walls Another Sky Apartments Oct,16 3 BHK,4 BHK 117 5,250

Chikballapur RK Enterprises California County -

Phase 2 Plots Oct,14 Plot 600 450

KR Puram Bhoo Developers Bhoo Samartha Plots Nov,13 Plot 78 3,400

SarjapurICON Infra Shelters Sanctuary Villa Oct,15 3 BHK 200 3,600

WhitefieldRaffles Residency

Pvt Ltd Raffles Park Villa Dec,15 5 BHK 61 7,900

Bellandur Sterling Ascentia Apartments 2 BHK,3 BHK 86 3,480

Electronics City MJR Builders Clique Apartments Jun,16 1 BHK,2 BHK,3 BHK 521 3,290

Sarjapur Celebrity Housing Square Apartments Oct,15 2 BHK,3 BHK 250 2,250

Begur Puravankara Purva Westend Apartments Jan,17 2 BHK,3 BHK 740 4,750

Chandapura Mitta GroupLakeview Golden Nest

- Phase 2 Villa Jan,15 3 BHK 94 3,600

Yelahanka Alisha Projects SLV Residency Apartments Apr,15 2 BHK,3 BHK 30 3,500

Devanahalli Ozone Group Urbana Pavilion Apartments Jun,16 2 BHK,3 BHK 320 3,990

Harlur Zonasha Estates Vista Apartments Mar,15 1 BHK,2 BHK,3 BHK 155 3,900

Koramangala Sterling Infinia Apartments Dec,16 3 BHK,4 BHK 273 7,900

Varthur PrestigeLakeside Habitat

Villas Villa Oct,16 3 BHK,4 BHK 270 7,650

JiganiKNS

Infrastructures Anagha Plots Mar,15 Plot 162 1,200

Jakkur Legacy Group Eldora Apartments Dec,16 3 BHK 56 5,200

Indira Nagar Urban Estates Urban Mist Plots NA Plot NA NA

Hoodi VKC Developers Chourasia Platinum Apartments NA 1 BHK,2 BHK,3 BHK NA NA

Bommanahalli VKC Developers Chourasia Universe Apartments NA 1 BHK NA NA

Bannerghatta Road GRC Group GRC Nirvana Apartments NA 1 BHK,2 BHK,3 BHK NA NA


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Chennai

Price Trends

BSP(Rs/sq ft) Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Price Change (%)

Anna Nagar 10,950 10,350 10,200 10,392 10,837 10,913 0% Porur 4,853 4,857 4,873 4,927 4,961 5,062 4%

Tambaram 3,817 3,805 3,849 3,884 3,901 3,924 3% Singaperumal Koil 3,497 3,497 3,407 3,392 3,412 3,523 1%

Oragadam 2,866 2,816 2,871 2,871 2,838 2,871 0%


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Chennai


Some of the premium launches to note in Chennai are

• Kgeyes launched Galileo in Anna Nagar at BSP of Rs 15,000 per sq ft • Arihant Housing launched Tiara in Mogappair at BSP of Rs 7,500 per sq ft.


Completion Date

Option Type(BHK)

Total UnitsPrice

(Rs/sq ft)

Tiruvallur P dot G Dreamz Apartments Dec,14 2 BHK 144 2,099

Potheri P dot G Matrix Apartments Jan,15 2 BHK,3 BHK 144 2,099

Tambaram Atikramya Auram Apartments NA 2 BHK NA NA

Nanganallur Lancor Holdings Corner Stone Apartments Apr,15 2 BHK,3 BHK 24 7,650

Thiruporur Success Enterprise Lake Town Avenue Plots Apr,14 Plot 132 350

Anna Nagar Kgeyes Residency Galileo Apartments Oct,15 3 BHK 20 15,000

Mogappair Arihant Housing Tiara Apartments Dec,15 2 BHK,3 BHK 96 7,500

Madipakkam MGP Elite Villas Villa Sep,14 3 BHK 12 4,700

Padappai Deva Constructions Opal Garden Apartments NA 2 BHK,3 BHK NA NA

Oragadam Alliance Group Villa Belvedere Plot villas NA Plot 700 1,499


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Gurgaon

Price Trends


Change (%)

Golf Course Extn Rd

10,654 10,760 10,764 10,910 10,919 11,170 5%

Sohna Rd 7,994 7,949 7,997 7,893 7,787 7,989 0% Dwarka

Expressway 6,501 6,630 6,757 6,849 6,886 6,882

6% New Gurgaon 5,655 5,746 5,750 5,794 5,832 5,852 3%

Golf Course extension road and Dwarka expressway pr ices are still growing and have seen appreciation of 5 – 6% in past 6 months wherea s Sohna road has not had any new launch and prices have been stable.


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Gurgaon


Launches in Gurgaon have nearly dried with only 5 p rojects cumulatively offering only 920 units were launched in festival season. Bhiwadi and Neemrana continues to see large new launches.


Completion Date


(Rs/sq ft)

Sector 109 ATS Greens Tourmaline Apartments Feb,17 3 BHK,4 BHK 200 8,000

Sector 71 Krrish Green Montagne Apartments Apr,17 3 BHK,4 BHK,5 BHK 190 9,150

Sector 67 Ansal APIThe Hamptons -

Phase 1 ApartmentsApr,16 3 BHK,4 BHK 300 9,792

Sector 70A M3M Escala ApartmentsOct,16 2 BHK,3 BHK 152 6,250

Bhiwadi Avalon Group Royal Heights ApartmentsApr,16

2 BHK,3 BHK,4 BHK 780 3,200

Bhiwadi Amrante Amrante Heights Apartments Oct,16 1 BHK,2 BHK 720 1,642

Sector 85 VSR Infratech 85 Avenue Apartments Mar,17 1 BHK,2 BHK 78 6,950

BhiwadiFair Wealth

Builder Breeze Homes ApartmentsFeb,17 1 BHK,2 BHK,3 BHK 650 2,800

NeemranaStanford

Developers Sunrise ApartmentsNA 1 BHK,2 BHK NA 2,783


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Hyderabad

Price Trends


Change (%)

Banjara Hills 8,083 8,000 7,986 8,225 8,225 8,225 2% Gachibowli 3,959 4,022 4,050 4,127 4,139 4,020 2% Kondapur 3,533 3,575 3,650 3,675 3,714 3,575 1% Kukatpally 3,405 3,332 3,332 3,352 3,452 3,474 2% Manikonda 3,250 3,067 3,100 2,925 2,925 2,925 -10%


1 Nov 2013



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Hyderabad


Hyderabad real estate is going through rough patch due to geo political issues. City has not seen many new launches in the past and the tren d has continued through the festive season.


1 Nov 2013



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Kolkata

Price Trends


Beliaghata 6,800 6,800 5,500 5,133 5,167 5,167 -24% Howrah 4,433 3,950 3,754 3,774 3,774 3,774 -15%

Rajarhat New Town

3,613 3,628 3,663 3,679 3,685 3,720 3%

Behala 3,491 3,518 3,600 3,641 3,641 3,838 10% Baguihati 2,750 2,750 2,750 2,817 3,017 3,017 10%

Prices have corrected heavily in Beliaghata and How rah locality in past six months whereas Behala and Baguihati has seen price increas e.


1 Nov 2013



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Kolkata


Only 2 new projects were launched with 128 units.


Completion Date

Option Type(BHK)

Total UnitsPrice

(Rs/sq ft)

Garia Somani Realtors Pacific Paradise Apartments Dec,15 2 BHK,3 BHK 76 2350

Madhyamgram Pearl Realty Shivoham Gardenia Apartments May,15 2 BHK,3 BHK 52 2511


1 Nov 2013



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Mumbai

Price Trends


Change (%)

Chembur 17,291 17,613 17,378 17,489 17,743 18,440 7% Borivali West 14,042 14,283 14,122 14,156 14,192 14,887 6% Thane West 8,540 8,644 8,699 8,834 9,014 9,139 7%

Ulwe 4,832 4,845 4,857 4,892 4,913 4,929 2% Panvel 4,227 4,210 4,215 4,273 4,290 4,293 2%

Chembur, Borivali West and Thane West saw prices in creasing by Rs 500 – 1000/- per sq ft whereas prices in Ulwe and Panvel have been stab le.


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Completion Date


(Rs/sq ft)

Panvel Lakhanis La Riveria Apartments Oct,16 1 BHK,2 BHK 250 6,500

Ambernath West Parshwanath Realty Landscape Heights ApartmentsApr,15 1 BHK,2 BHK 140 2,999

Malad West Sheth Creators Auris Serenity Apartments Dec,17 2 BHK,3 BHK,4 BHK 300 13,500

Malad West Sheth CreatorsAuris Serenity -

Phase 1 ApartmentsDec,17 2 BHK,3 BHK,4 BHK 300 13,500

Ambernath East Kohinoor Castles Apartments Oct,16 1 BHK,2 BHK 295 2,751

Mulund West Nirmal Lifestyle Panaroma Apartments Dec,17 1 BHK,2 BHK 63 9,999

Wadala Lodha Codename Metropolis ApartmentsJune,16 1 BHK,2 BHK,3 BHK 220 15,714

Andheri WestBlue Castle Developers Fiona Apartments

Oct,15 2 BHK 13 16,000

Palghar VBHCVaibhav Palghar -

Phase 2 ApartmentsOct,15 1 BHK,2 BHK 302 2,325

Mulund West Sanaya Realties Astrio Apartments Mar,16 2 BHK,3 BHK,4 BHK 42 13,667

Goregaon East Shree Shakun Heights ApartmentsOct,15

1 BHK,2 BHK,3 BHK,4 BHK 48 11,500

Ulwe Mauli Realtors Prime Arcade Apartments Oct,14 1 BHK NA NA

Kalyan West Royce Developers Paradise Apartments Oct,17 1 BHK,2 BHK 90 4,500

Vasind VBHC Vaibhav Hills Apartments Aug,15 1 BHK,2 BHK 294 2,364

Karjat Synergy One Hills Dales Villa NA 3 BHK NA NA

Ambernath East Ahuja Group Prasadam Apartments Apr,15 1 BHK,2 BHK,3 BHK 425 2,900

Vashi Baba Developers Solitaire Apartments May,14 1 BHK 26 10,000

Chembur Baba Developers Jai Ambe Apartments Jan,16 1 BHK,2 BHK 108 15,000

Kurla Baba Developers Ekta Apartments Jan,16 1 BHK,2 BHK 76 10,000

Chembur Baba Developers Sadguru Apartments Jan,16 2 BHK 72 15,000

Chembur Bholenath Developer Aura Apartments ApartmentsNA 2 BHK NA NA

Karanjade Anchit Group Jai Shivam Apartments Apr,15 1 BHK,2 BHK 60 5,250

Ulwe Anchit Group Padmavati Villa Apartments Apr,15 1 BHK 17 4,500

Taloja GHP Group Azure Apartments Sep,16 2 BHK 40 4,600

Taloja Shree Sawan Avenue1 Apartments Oct,15 1 BHK,2 BHK 56 3,950

Ulwe Galaxy Group16 Krishna Tower Apartments Oct,15 1 BHK,2 BHK 55 5,600

Borivali West Aditya Developers Anamika Niwas CHS

LTD Apartments Oct,15 2 BHK,3 BHK 36 23,000

Borivali West Aditya Developers Urvashi CHS LTD Apartments Oct,15 2 BHK,3 BHK 36 25,500

Ghatkopar West Shreenath Builders Krupa Apartments NA 1 BHK,2 BHK,3 BHK NA NA

Kalyan West Bajaj RealtyPrakriti Angan - phase

2 Apartments Jul,15 1 BHK,2 BHK 210 4,100

Andheri West Bajaj Realty Enchante Apartments Apr,16 1 BHK,2 BHK 28 26,054

Palghar VBHCPalghar Greens

Phase 2 Apartments Oct,15 1 BHK,2 BHK 302 2,369

Kandivali East Raheja Universal Reflections Odyssey Apartments Jun,17 4 BHK 62 13,000

Mumbai



1 Nov 2013



DATA LABS

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Noida

Price Trends


FNG Expressway 5,113 5,085 5,317 5,226 5,064 5,075 -1% Greater Noida 4,062 4,053 4,092 4,064 4,058 4,064 0%

Noida Extension 3,400 3,397 3,383 3,395 3,430 3,462 2% Yamuna

Expressway 3,270 3,217 3,158 3,106 3,078 3,130 -4%

Prices are seeing downward pressure in all localiti es in Noida

• Prices have reduced up to ~4% in past 6 months • Festival season resulted in good offers from developers often resulting in 8 – 10%

discount over quoted price • Few new launches have been at good discount to average locality price giving buying

opportunity to investors


1 Nov 2013



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Completion Date


(Rs/sq ft)

Sec- 19 Yamuna Expressway Gaursons

Gaur Yamuna City - Phase2 Apartments Jan-2017 1 BHK,2 BHK,3 BHK 1300 2,095

Techzone 4 Saviour Builder Green Arch Apartments Apr-2017 2 BHK,3 BHK,4 BHK 1008 2,550

Sector 86 Jaura Infratech Forest Greens Apartments Apr-2016 1 BHK,2 BHK,3 BHK 380 4,000

Zeta 1 ATS Greens New Launch Apartments Oct-2017 3 BHK,4 BHK 560 3,500

Phi IV Shri Infratech Vedic City Plots Apr-2016 Plot 727 1,611

Sector 86 Jaura Infratech Prime Boulevard Apartments Jun-2016 1 BHK,2 BHK,3 BHK 400 3,500Sec- 22D Yamuna

Expressway Jaypee Greens Jaypee Udaan Apartments Jun-2016 2 BHK,3 BHK 200 3,565

Phi IV VA Infraventures Clarissa Apartments Oct-2016 1 BHK 720 3,777

Sector 86 Jaura Infratech Jaura Naturoville Apartments Oct-2016 1 BHK,2 BHK,3 BHK 380 4,000

Dadri Salvos Shivam Residency Plots Feb-2014 Plot 33 1,055

Noida


New launches have been subdued in Noida Market

• Only few large projects were launched last month in the price range of Rs ~2100 – 4000 per sq ft

• Last month also saw new inventory in plots being launched in Greater Noida at attractive price

• Jaura Infratech - Prime Boulevard saw good interest from market due to its price advantage and was sold out within a month


1 Nov 2013



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Pune

Price Trends


Change (%)

Baner 6,123 6,151 6,206 6,277 6,373 6,383 4% Kharadi 5,184 5,229 5,235 5,307 5,353 5,374 4% Wakad 4,953 4,968 5,000 5,049 5,067 5,106 3%

Hadapsar 4,949 4,936 4,999 4,951 5,052 5,105 3% Wagholi 3,512 3,523 3,511 3,542 3,654 3,586 2%

Prices have increased by Rs 100 – 200/- sq ft in mo st localities

• Prices in Pune have been stable in past 6 months with moderate increase • Prices in Wagholi are seeing downward pressure with most new launches coming at

discount to locality average


1 Nov 2013



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Completion Date


(Rs/sq ft)

Bavdhan Galaxy Group New Launch Apartments Dec,15 1 BHK,2 BHK 108 5,150

Moshi Yash Enterprises Tulip Heritage Apartments Aug,15 1 BHK,2 BHK 120 3,636

KondhwaCeratec

Constructions CityVilla

Apartments Mar,15 1 BHK,2 BHK,3 BHK 200 4,286

Varasgaon Eden Groups Waterville - Phase 2 Plots Apr,15 Plot 300 325

Wagholi Ravi Landmarks Sky Water Apartments Dec,15 1 BHK,2 BHK 84 3,450

Kalyani Nagar ABIL Verde Apartments Oct,16 3 BHK,4 BHK 142 15,000

Hadapsar Vedant Corp Vedant Royale Apartments Dec,15 1 BHK,2 BHK 66 4,000

WagholiBlue Skky Builders Skyy Onn Apartments

Oct,16 1 BHK,2 BHK,3 BHK 120 3,300

WagholiBlue Skky Builders Skyy Onn - phase 1 Apartments

Oct,16 1 BHK,2 BHK,3 BHK 120 3,300

HinjewadiPegasus

Properties Mystic ApartmentsOct,16 2 BHK,3 BHK 300 5,000

Wagholi Mantra Properties Blessings Apartments Dec,15 2 BHK NA 3,599

Baner Kumar Properties Privie Sanctum Apartments Sep,16 3 BHK,4 BHK 36 12,000

Deccan Gymkhana Golden Sparrow 1 Golden Sparrow Apartments Jan,15 3 BHK 24 18,000

Wagholi Dreams Group Dreams Lynnea Apartments Nov,15 1 BHK,2 BHK 192 3,800

Undri Urban Homes Urban Nest Apartments Apr,16 1 BHK,2 BHK,3 BHK 228 4,200

Ravet Sonigara Homes Indraprabha Phase2 Apartments Nov,15 1 BHK,2 BHK 85 4,200

Wakad Sonigara Homes Sonigara Laurel Apartments Dec,15 1 BHK,2 BHK 80 5,000

BanerSanskruti

Lifespaces Terraza ApartmentsMay,16 3 BHK 44 9,500

Talegaon Saarrthi Group Swadesh Apartments Nov,15 1 BHK,2 BHK 350 2,600

Ravet Shyama Builders Rainbow Vissta Apartments Oct,15 2 BHK 43 4,500

Deccan GymkhanaSanskruti

Infrastructure Sanskruti Prabhat ApartmentsNA 3 BHK,4 BHK NA NA

NasrapurPrathamesh Developers Suman Kala Vishwa Apartments

NA 1 BHK 90 3,100

Pune


Multiple new luxury projects were launched in Octob er 2013

• ABIL launched Verde in Kalyani Nagar at basic sales price of Rs 15,000 per sq ft • Kumar Properties launched Privie Sanctum in Baner at price of Rs 12,000 per sq ft • Terraza launched Sanskruti Lifespaces in Baner at price of Rs 9,500 per sq ft • Golden Sparrow launched its project in Deccan Gymkhana at price of Rs Rs 18,000 per sq ft

proptiger monthly realty watch of oct 2013

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