FOREWORD. Key Findings

Transcription

1 PUNE

2 PropIndex has completed three years now. Over this period, we ve accumulated a wealth of data/analytics on price/locality trends and market performance. As the Indian property buyer gets more focused on returns from investment, we hope the data provided here, helps you in making informed property decisions. Use d in tandem with the host of advisory services available online at advice.magicbricks.com, the effort is to make this a one-stop shop for all your property queries, requirements and information. The year 14 started with anticipation among real estate stakeholders concerning the 16th general elections in the country. These Lok Sabha elections have kept the Indian Real Estate Market in the wait and watch mode. This is reflected in the National Property Index with a mere 1 per cent change in the Jan-Mar 14 quarter. City index values too remained intact and ranged between minus 1 to plus 3 per cent. The formation of new government is expected to infuse fresh life into the real estate market and improve home buyers sentiments. In the current quarter, property markets remained sluggish. However, robust demand from end-users arrested any significant change in property values. We have observed few finds from the current report: Key Findings FOREWORD l Across the country, capital markets have remained passive while rental markets have flourished. l Demand patterns across cities remained more or less in line with the previous quarter with the mid-budget range of Rs lakh remained the most preferred category, especially in Bangalore and Pune. However high end properties remained more in demand in Gurgaon and Mumbai. l Premium luxury properties remained oversupplied across cities despite a robust demand of over %. lmumbai topped the chart with maximum demand for properties worth Rs 1 crore and above, followed by Delhi and Gurgaon. l Slower demand for property forced sellers to negotiate between 5-15 per cent on the asking values. In this issue we have incorporated Greater Noida as an independent city which has recorded growing demand for residential properties, offering huge options in the affordable ranges. Do write in at sudhir.pai@timesgroup.com and share your views on this report and how we could make PropIndex even better. Sudhir Pai Business Head, Magicbricks.com

3 VOL 3, ISSUE 4; JAN-MAR, FY propindex.magicbricks.com NATIONAL PROPERTY INDEX (NPI) JAN-MAR 14 JAN-MAR 14 n n n Capital markets across cities were stable while rental markets were active with considerable demand and rise in values The preferred localities in different cities remained unchanged since the Oct-Dec 13 quarter Consumer demand slowly and steadily moved towards the mid-segment category. Demand inched up in the luxury category which remained oversupplied. With buyer sentiments down across the country and everyone awaiting the general elections, the common consensus is against buying property. This has resulted in people opting for rental accommodation as opposed to buying their own home. This is the prime reason that held the growth of the National Property Index (NPI). It rose by 1 per cent in the Jan-Mar 14 quarter. NPI is a weighted average of supply and values across 11 cities in India. During the Jan-Mar 14 quarter the city index value was found to be in the range of minus 1 to plus 3 per cent. Pune recorded the highest rise of 3 per cent, in the City Index amongst all cities in the Jan-Mar 14 quarter. The locality has performed consistently quarter-on-quarter due to enhanced demand. Almost all localities tracked recorded a rise in capital values which pushed up both, the City Index as well as the Listed Price Monitor. TOP YIELD GROSSERS Gross yield is a ratio of average annual rental value to the average capital value of the property in the current quarter. Below is the top yield-grossing locality in the city. Locality Gross yield Pune, Kalyani Nagar 3.25% CAPITAL GAINS It indicates the locality recorded maximum increase in the capital value in the current quarter. Locality % Change Pune,Bibwewadi 6.99%

4 PUNE propindex.magicbricks.com VOL3, ISSUE 4; JAN-MAR, FY PROPINDEX - PUNE Pune City Index rose by 3 per cent in the Jan-Mar 14 quarter as compared to a rise of 2 per cent in the previous quarter, indicating a positive sentiment. Similarly, the Listed Price Monitor also rose by 3 per cent. The NPI rose by 1 per cent in the current quarter. Key Takeaways l Pune recorded a rise in the average capital values in more than 80 per cent localities. This helped the City Index as well as the Listed Price Monitor to post a small rise of 3 per cent l Undri and Kondhwa in the South-East registered a maximum rise of over 15 per cent in the average capital values over a one year period. This was the highest increase across the city l Fully furnished apartments of 4BHK and Above, in the budget range of Rs 3-5 crore are available in areas such as Kalyani Nagar, Aundh, Koregaon Park and Baner l Premium localities, Sopan Baug and Aundh in West Pune, witnessed over 35 per cent increase in average capital values in the last two years l Affordable locations in East Pune such as Wagholi and Dhanori, registered 34 and 23 per cent, increase respectively in the average capital values l Consistent demand for rental properties in and around the commercial hubs of Baner Road in West and Kharadi in the East led to a rise of per cent in the average rental values in the last two years l Magarpatta, Kalyani Nagar and Viman Nagar topped the rental returns chart in the city with over 3 per cent gross rental return on investment in the last three months l The city offered maximum number of newly built ready-to-move-in multi-storey apartments in the range of Rs lakh in the 2BHK category. The highest availability was recorded in West Pune in Wakad followed by Pimple Saudagar l Hinjewadi IT hub in West Pune offered maximum number of residential plot options in the city within Rs 10 lakh in the Jan-Mar 14 quarter l Upcoming localities in North Pune, Chikhali and Rahatni witnessed maximum new supply in multi-storey apartments, primarily in the 1 and 2BHK categories E d i t o r i a l Pune recorded a rise in the average capital values in more than 80 per cent localities. This ensured the City Index as well as the Listed Price Monitor to post a rise of 3 per cent in the Jan-Mar 14 quarter. The rise in the City Index as compared to a rise of 2 per cent in the previous quarter, indicates a positive sentiment. This has been observed across all the micro markets tracked in the said period in the city. Almost 81 per cent of the tracked localities recorded a rise in capital values in the Jan-Mar 14 quarter. Localities across the city witnessed a rise of 1-7 per cent in capital values, with Bibwewadi registering the highest increase in the city. Affordable locations in East Pune such as Wagholi and Dhanori, registered 34 and 23 per cent increase, respectively. Premium localities such as Sopan Baug and Aundh in West Pune continued to witness over 35 per cent increase in average capital values in the last two years. The city witnessed the maximum number of ready-to-move-in multi-story apartments in the range of Rs lakh in the 2BHK category. Over 85 per cent demand and supply in the market was for multi-storey apartments. The highest availability was recorded in West Pune in Wakad followed by Pimple Saudagar. Both demand and supply recorded a nominal drop in the current quarter. There was almost equal demand (5-6%) for independent houses and residential plots as well. As expected, Hinjewadi IT hub in West Pune offered maximum number of residential plot options in the city within the Rs 10 lakh range. Micro-markets of Wakad, Kharadi, Pimple Saudagar, Baner and Hinjewadi continued to hold the top five positions as the preferred localities to buy property. Almost 100 per cent of the localities tracked, recorded a rise in rental values during the first quarter of 14. Localities, either in proximity to the IT hubs or having easy access to them, witnessed maximum rise in rental values in the current Jan-Mar 14 quarter.

5 VOL3, ISSUE 4; JAN-MAR, FY propindex.magicbricks.com PUNE 03 L I S T E D P R I C E M O N I T O R R E N T M O N I T O R 3% l Of the tracked localities, 81 per cent recorded a rise in capital values in the Jan-Mar 14 quarter with the Listed Priced Monitor increasing by 3 per cent l Localities across the city noted a rise of 1-7 per cent in capital values, with Bibwewadi registering the highest increase l Other localities that witnessed significant changes include Baner Road, Wanowrie, Kothrud, Magarpatta and Undri which registered a rise in the range of 4-5 per cent l Capital values have been consistently rising in Kothrud, Magarpatta and Undri recording a rise of per cent in the last one year l Almost 100 per cent of the localities tracked, recorded a rise in rental values during the first quarter of 14 l The rise in rental values in different localities range from 2-10 per cent. Localities such as Kalyani Nagar, Bibwewadi and Hadapsar registered the highest rise of 10 per cent each in the current quarter l Localities that are either in proximity to the IT hubs or have easy access to them have witnessed the maximum rise in rental values l Prime localities such as Hinjewadi, Warje, Pimple Saudagar etc recorded stable rental values since the Oct-Dec 13 quarter Y I E L D M E T E R Locality Average Rental Average Capital Gross Value (Rs/sqft/mth) Value (Rs/sqft) Yield Viman Nagar , % Kalyani Nagar , % Baner Road , % Magarpatta ,0 3.00% Kharadi , % Wakad , % Aundh , % Pimple Saudagar , % Kothrud , % Wanowrie , % l Pune clocked the highest rental returns amongst different cities. The yield meter ranged from per cent during the Jan-Mar 14 quarter l A robust rental market with localities recording a rise as high as 10 per cent in rental values have ensured a healthy yield meter l Kalyani Nagar recorded the highest gross yield of 3.25 per cent as compared to the 2.92 per cent recorded in the previous quarter. Viman Nagar was a close second with 3.19 per cent, followed by Magarpatta with 3 per cent gross yield l Kothrud recorded the lowest rental return, as was noted in the Oct-Dec 13 quarter as well

6 PUNE propindex.magicbricks.com VOL3, ISSUE 4; JAN-MAR, FY PREFERRED LOCALITIES SALE RENT Locality Capital Rank Values Q4 Q3 Wakad 5450 to Kharadi 5450 to Pimple Saudagar 5700 to Baner 6250 to Hinjewadi 5050 to Magarpatta 6750 to Wagholi 3900 to Viman Nagar 6400 to Hadapsar 4450 to Kothrud 8300 to Note: Q4 Jan-Mar 14, Q3 Oct-Dec 13 Locality Rental Rank Values Q4 Q3 Wakad to Magarpatta to Pimple Saudagar to Viman Nagar to Kharadi 100 to aundh to Kothrud to Baner to Hinjewadi to Hadapsar 100 to Note: Q4 Jan-Mar 14, Q3 Oct-Dec 13 l The top five positions in the list of preferred localities for sale remained unchanged from the Oct-Dec 13 quarter l Wakad, Kharadi, Pimple Saudagar, Baner and Hinjewadi notched up the top five positions in that order in the current quarter l The top three preferred localities have consistently recorded a rise in capital values in the last two years. A rise of 33 per cent was noted in Wakad, Kharadi and Pimple Saudagar in the last two years l Affordable capital values enhanced the popularity of Wagholi which moved up three positions from the tenth spot to settle at the seventh position l Due to high demand, Wagholi also recorded one of the highest rise in capital values in the last two years (approximately 35%) l Kothrud, on the other hand, dropped three positions from the previous quarter. It was at number ten in the Jan-Mar 14 quarter l Wakad remained at the top of the preference list for rental accommodation. This was noted in the last two quarters as well l Magarpatta was the second preferred location for rented home. Significant demand in the location led to a rise of 6 per cent in the rental values of the locality during the Jan-Mar 14 quarter l Pimple Saudagar improved its standing in the list of preferred locations for rent by moving to the third spot as compared to the fourth position it occupied in the previous quarter l Viman Nagar, Hadapsar and Kothrud dropped a position each on the list in the current quarter l Aundh climbed up one position from the previous quarter to settle at number six position l Hinjewadi was a new entrant in the Jan-Mar 14 quarter. While rental values have been rising across the city, values in Hinjewadi have remained stable in the last six months Growth Number of Localities with Most Active Corridor Projects Maximum Property Residential Projects Typology (Multi-storey)* East 335 Wagholi, Kharadi, Dhanori and 92% Viman Nagar West 101 Baner, Hinjewadi, Wakad and 89% Balewadi South 62 Magarpatta, Koregaon Park and 91% NIBM Annexe North 43 Dighi, Alandi and Talegaon 87% Above 40% 30-40% 10-% 5-10% Less than 5% *Percentage of total supply

7 VOL3, ISSUE 4; JAN-MAR, FY propindex.magicbricks.com PUNE 05 Developer Ashok Mohanani CMD EKTA World Consultant Karun Varma Managing Director - New Businesses (Residential) DTZ India R E A L T Y N E W S Amidst a negative economic environment, Pune real estate market has shown positive growth when compared to other markets in India. It has recorded a persistent demand from both, home buyers and investors. This was reflected in the capital appreciation, a key indicator of returns in the property domain. Pune appreciation potential better than national average Pune has been bucking the slowdown blues and has maintained a uniform appreciation across the micro markets of the city, something that defines how resilient Pune s property market is. The future appreciation potential of Pune is also estimated to be among the best, compared to other cities on a pan-india basis. While there has been a decent capital appreciation in Pune in the last couple of years, even the rental yields have been witness to a healthy growth. n Times Property, The Times of India, Pune East Pune has maximum supply of new projects If you are looking to buy a residential property in Pune, the eastern part of the city offers a plethora of options. Localities in Pune such as Wagholi, Kharadi, Dhanori and Viman Nagar have the highest supply of new residential projects. Catering to all segments of the society, these projects are offering 1, 2, 3, 4 and 5 BHK units within a wide budget range of Rs lakh Rs 2 crore. n Magicbricks.com Bureau E X P E R T S P E A K In the early part of 14, sentiments remained cautious. Certain suburban pockets of Pune are witnessing infrastructure enhancement and displaying price rise. The city showed a healthy demand for mid-priced properties. The momentum would remain positive, if we get the investment story right, lower the fiscal deficit and have progressive monetary policies by the RBI, nothing can stop us from the growth track post elections. Pune witnessed new supply of 0.18 million units over the last five years, of which approximately 40,000 units are currently lying unsold. The average property prices witnessed an increase of 15 per cent in the last 18 months. The sales growth has been better than witnessed in the other cities as property prices are comparatively lower and driven by the IT/ITeS and the Manufacturing sectors in the city. To read full story and more news go to Sam Chopra Chairman, RE/MAX India Q&A How will the elections impact and change the dynamics of the city? A lot of investors are waiting for a stable government before investing in real estate. Their past experience shows that due to a stable state government the real estate prices have resulted in better returns. The party which comes to power will decide which properties will increase. For eg, BJP won t allow FDI in retail so the prices of retail will fall. Which localities are you active in? All of Pune. Which of these localities see maximum possessions this year? All of Pune. Who is delivering? Established New developers If both developers What is the buyers profile? Active age group yrs Active Profession: IT Are you getting enquiries from buyers? Regular Not very frequent No queries How many are getting converted to actual transactions? Very few (1 out of 10). Which BHK segment is popular? Which budget category is popular? < Rs Rs lakh 50 lakh Rs lakh Rs 75-1crore Above 1 crore What type of property is in demand? Apartment Builder floor units Plots Villas Any infrastructure project expected to impact the real estate market in 14? Roads/ flyover Metro Social infrastructure NRI/locals: NRI 1 BHK 2 BHK 3 BHK 4 BHK & above Civic amenities

8 PUNE propindex.magicbricks.com VOL3, ISSUE 4; JAN-MAR, FY D E M A N D - S U P P LY A N A LY S I S While demand in the city was concentrated in the Rs -60 lakh category, supply was more inclined towards the Rs lakh and Above bracket. Demand and supply statistics for all budget categories were almost aligned with each other except the in the Rs 1 crore and Above category. An oversupply of 11 per cent was noted in this category. Apartments were the most popular property type in the city with more than 85 per cent demand. It was also the most supplied, with 87 per cent availability. Demand and supply remained low for all other categories. The category for 2 BHK units was the demanded as well as supplied category with almost 50 per cent demand and supply. Figures in percentage(%) (Oct-Dec 13) (Jan-Mar 14) < & above - City Level Figures in Rs lakh Figures in percentage(%) (Oct-Dec 13) (Jan-Mar 14) 21 < & above Figures in Rs lakh l The city recorded highest demand of 31 per cent for the Rs -40 lakh budget category. Demand for the same led its supply by 11 per cent. The category was most demanded and supplied in North Pune l While demand for the Rs lakh category was 27 per cent, its demand was 22 per cent. The Rs lakh category also recorded considerable demand of 23 per cent and supply of 33 per cent in the current quarter Figures in percentage(%) City Level (Oct-Dec 13) (Jan-Mar 14) 2 2 Multistorey Single Residential Residential Villa apartment floor house plot Figures in percentage(%) (Oct-Dec 13) (Jan-Mar 14) 3 3 Multistorey Single Residential Residential Villa apartment floor house plot l Pune recorded over 85 per cent demand and supply for multi-storey apartments. Both demand and supply recorded an insignificant drop in the Jan-Mar 14 quarter l Almost equal demand (5-6%) was for independent houses and plots. Supply for both was 4 per cent. North Pune recorded maximum demand for independent houses, while East Pune recorded maximum demand for plots Figures in percentage(%) BHK Configuration - City Level (Oct-Dec 13) (Jan-Mar 14) 2 2 1BHK 2BHK 3BHK 4BHK & above Figures in percentage(%) (Oct-Dec 13) (Jan-Mar 14) 8 7 1BHK 2BHK 3BHK 4BHK & above - City Level l Small sized homes of 1 and 2BHK configurations recorded a consolidated demand of close to 80 per cent. While supply of 2BHK units was synonymous to its demand at 49 per cent, that of 1BHK units fell short by 14 per cent in the current quarter l There was a 17 per cent demand and 27 per cent supply for the 3BHK category. Similarly, units of 4BHK and Above recorded supply exceeding demand by 5 per cent

9 VOL3, ISSUE 4; JAN-MAR, FY propindex.magicbricks.com PUNE 07 & - South Pune In South Pune, demand was uniformly distributed in the budget ranges of Rs -40 lakh, Rs lakh and Rs lakh. However, supply was more inclined towards properties worth Rs lakh and Above (over 60%). An oversupply of 13 per cent was noted for properties priced above Rs 1 crore. Multi-storey apartments were the most supplied. Demand and supply for all other categories remained subdued. Over 50 per cent demand in the South was for 2BHK units with supply falling short by 7 per cent. Supply for 1 BHK units fell short by 10 per cent Rs < lakh Rs -40 lakh Rs lakh Rs lakh Rs 1 crore and above l Rs lakh category was preferred in South Pune and recorded 30 per cent demand. Its supply was almost corresponding at 33 per cent in the Jan-Mar 14 quarter l The categories of Rs -40 lakh and Rs lakh recorded an almost equal demand in the zone. While demand for the Rs -40 lakh category was 26 per cent, its supply was only 13 per cent, registering a mismatch. Demand and supply for the Rs lakh category was synonymous at per cent l Demand and supply mismatch was also visible in the Rs 1 crore and Above category. While its demand was 15 per cent in the current quarter, its supply was 28 per cent Multistorey apartment Single floor Residential house Residential plot Villa l While multi-storey apartments were preferred in South Pune, its demand dropped from 90 per cent in the Oct-Dec 13 quarter to 86 per cent in the Jan-Mar 14 quarter. Supply led demand by 3 per cent at 89 per cent l There was a nominal increase of 2 per cent in the demand for independent houses, at 5 per cent with its supply at 3 per cent in the current quarter. Demand and supply for residential plots was also recorded between 4-5 per cent l Villas and single floor units recorded only 2 per cent demand and supply in the zone. Maximum villas and plots were supplied in Magarpatta, NIBM Road and Shirwal BHK 2 BHK 3 BHK 4 BHK & above l As seen in the previous quarter, 2BHK units were popular in South Pune. The category recorded close to 50 per cent demand and 44 per cent supply l Smaller 1BHK units recorded a considerable demand of 26 per cent. Its supply was 18 per cent falling short of demand by 8 per cent l Similar mismatch in demand and supply was also visible in the 3BHK category. There was 19 per cent demand but supply was at 29 per cent. The supply for 4BHK and Above category exceeded demand by 5 per cent. Maximum supply for the 4BHK and Above category was observed in Magarpatta, NIBM Annexe and Shastri Nagar in the current quarter

10 PUNE propindex.magicbricks.com VOL3, ISSUE 4; JAN-MAR, FY & - North Pune In North Pune, highest demand was noted in the budget range of Rs -40 lakh. Supply fell short by 10 per cent in this category. Supply almost matched demand in the Rs lakh category. Almost similar buyer interest was noted for properties in the Upto Rs lakh and Rs lakh categories. An oversupply of 5 per cent was noted for high-end properties priced Rs 1 crore and Above. More than 40 per cent demand was observed for both 1 and 2BHK units. While demand for 1BHK category inched up by 2 per cent, it dropped by 3 per cent for 2BHK units Rs < lakh Rs -40 lakh Rs lakh Rs lakh Rs 1 crore and above l North Pune recorded the highest demand and supply for the Rs -40 lakh category. There was 45 per cent demand and 36 per cent supply for the same with demand leading supply by 9 per cent l The Rs lakh category was the next preferred segment in the North zone. It recorded 25 per cent demand with a corresponding supply at 27 per cent l There was an almost equal demand of per cent for the categories of Upto Rs lakh and Rs lakh. While demand for the Upto Rs lakh category exceeded its supply by 4 per cent, supply of the Rs lakh category exceeded its demand by 6 per cent in the Jan-Mar 14 quarter Multistorey apartment Single floor Residential house Residential plot Villa l Multi-storey apartments recorded close to 80 per cent demand. Supply for the same was 76 per cent in the current quarter. Both demand and supply recorded a drop of 4 per cent l Demand and supply of multi-storey apartments was replaced by independent houses which recorded a 3 per cent increase in demand and 8 per cent increase in supply. The independent house category registered a 9 per cent demand and a 12 per cent supply. Maximum supply was in Chinchwad, Punawale, Talegaon and Tathwade l Demand (8%) for residential plots was met by 5 per cent supply with the concentration of the same in Talegaon, Chandkhed and Gahunje BHK 2 BHK 3 BHK 4 BHK & above l The 2BHK category continued to be the demanded and supplied in North Pune. This category recorded a 4 per cent drop. There was 48 per cent demand and 51 per cent supply for the same l Demand and supply for the 1BHK category was considerably high in comparison to the larger 3BHK and Above units. There was 41 per cent demand and 25 per cent supply for the same. Demand led supply by 16 per cent l The 3BHK and 4BHK and Above categories, witnessed a consolidated demand of 10 per cent. Together the two categories registered 23 per cent supply, leading demand by 13 per cent in the current quarter

11 VOL3, ISSUE 4; JAN-MAR, FY propindex.magicbricks.com PUNE 09 & - West Pune Demand in the western parts of the city was more or less uniformly distributed amongst the budget ranges of Rs -40 lakh, Rs lakh and Rs lakh. However, supply was largely concentrated in the Rs lakh range. Almost equal supply was witnessed for the high-end properties worth above Rs 1 crore and for Rs lakh categories. More than 85 per cent demand and supply was noted for multi-storey apartments. Highest demand and supply was observed for 2BHK units. Supply for the same fell short by 2 per cent as compared to demand. An oversupply of 12 per cent was noted for 3BHK units Rs < lakh Rs -40 lakh Rs lakh Rs lakh Rs 1 crore and above l West Pune recorded maximum demand of 32 per cent for the Rs lakh category. Its supply was 21 per cent, falling short of demand by 11 per cent l The categories of Rs -40 lakh and Rs lakh recorded almost equal demand of per cent. Both the categories recorded a significant mismatch in demand and supply. While demand for the Rs -40 lakh category led its supply by 14 per cent, supply of the Rs lakh category exceeded demand by 14 per cent l The disparity was also evident in the Rs 1 crore and Above category where demand was 11 per cent and supply was 22 per cent Multistorey apartment Single floor Residential house Residential plot Villa l Multi-storey apartments recorded close to 90 per cent demand. Supply for the same was 86 per cent in the current quarter. Both demand and supply recorded a drop of 2 per cent each l Residential plots recorded 6 per cent demand and 5 per cent supply. While supply remained constant, demand recorded a marginal rise in the current quarter. Maximum supply of residential plots was witnessed in Hinjewadi, Baner, Pirangut, Satara Road and Ravet l The consolidated demand and supply for independent houses and villas was almost synonymous. There was 6 per cent demand and 7 per cent supply for the two categories. Single floor units recorded negligible demand and supply BHK 2 BHK 3 BHK 4 BHK & above l The 2BHK category recorded maximum demand of 52 per cent. Its supply was 49 per cent. While demand for the category recorded an insignificant drop, supply increased by 2 per cent in the current quarter l Demand for 1BHK units recorded a nominal increase of 2 per cent in the present quarter and stood at 31 per cent. Demand led supply by 15 per cent l Larger units of 3 and 4BHK and Above category recorded a consolidated demand of per cent and supply of 37 per cent. While supply for the 3BHK units exceeded its demand by 12 per cent, supply of the 4BHK and Above units exceeded by 5 per cent

12 PUNE propindex.magicbricks.com VOL3, ISSUE 4; JAN-MAR, FY & - East Pune Supply was uniformly distributed in all budget categories except in the Upto Rs lakh category which recorded demand of only 5 per cent. However, demand in the zone was more inclined towards Rs -40 lakh range, with 35 per cent buyer interest. An oversupply of 8 per cent was noted for high-end properties worth Rs 1 crore and Above. Almost 50 per cent demand and supply was witnessed for 2BHK units. Supply for 1BHK units fell short by 13 per cent. An oversupply of 8 per cent was noted for 3BHK units. The category of 4BHK and Above units was also oversupplied by 2 per cent Rs < lakh Rs -40 lakh Rs lakh Rs lakh Rs 1 crore and above l The Rs -40 lakh category recorded highest demand of 35 per cent in East Pune. There was 27 per cent supply for the same l The categories of Rs lakh and Rs lakh registered almost equal demand of -23 per cent. While supply for the Rs lakh category was almost corresponding to its demand at 22 per cent, supply for the Rs lakh category exceeded its demand by 7 per cent in the current quarter l The Upto Rs lakh category recorded a 3 per cent increase in its demand, while its supply remained constant in the current, Jan-Mar 14 quarter. Supply of the Rs 2 crore and Above category exceeded its demand by 8 per cent Multistorey apartment Single floor Residential house Residential plot Villa l Multi-storey apartments recorded maximum demand of 85 per cent and supply of 89 per cent in East Pune. While demand was 2 per cent lower than the previous quarter, supply recorded an insignificant rise in this quarter l Demand for residential plots was the second highest in this zone. The category recorded 7 per cent demand which led supply by 3 per cent. Maximum plotted developments could be found in Hadapsar, Undri, Lohegaon and Wagholi l Demand and supply for independent houses recorded a nominal increase of 1-2 per cent. Despite that, the category recorded demand of 5 per cent and supply of 3 per cent in the current quarter BHK 2 BHK 3 BHK 4 BHK & above l The zone recorded a sudden increase in supply of 1BHK units. As compared to 19 per cent supply in the previous quarter, the category registered 50 per cent supply in the Jan-Mar 14 quarter. There was a 33 per cent demand for the same l The 2BHK category continued to register 50 per cent demand and supply. Larger homes of 3BHK and 4BHK and Above units recorded a consolidated 18 per cent demand and 30 per cent supply l The supply for the 3BHK category exceeded its demand by 8 per cent, whereas demand for the 4BHK and Above category exceeded its supply by 4 per cent. Kalyani Nagar, Koregaon Park and Kharadi recorded maximum supply for the two categories

13 VOL3, ISSUE 4; JAN-MAR, FY propindex.magicbricks.com PUNE 11 & - Central Pune The highest demand and supply was recorded for luxury properties worth above Rs 1 crore. Supply in the category increased by more than 15 per cent in the last three months. Even though it was the most demanded category, an oversupply of almost 4 per cent was recorded. All other budget ranges were undersupplied. Almost 75 per cent demand was concentrated for smaller units (1 and 2BHK). Apartments of 2BHK were popular with 40 per cent demand. Both demand and supply for 3BHK units dropped marginally. A significant oversupply of 26 per cent was noted for larger homes Rs < lakh Rs -40 lakh Rs lakh Rs lakh Rs 1 crore and above l Central Pune recorded maximum demand (32%) and supply (71%) for the Rs 1 crore and Above category. While demand for the same dropped by 5 per cent, supply registered an increase of 6 per cent. Supply led demand by 39 per cent in the Jan-Mar 14 quarter l All other budget categories in Central Pune recorded insufficient supply. While demand for the Rs lakh category exceeded its supply by 11 per cent, demand for the Rs lakh category exceeded its supply by 9 per cent l The category of Rs -40 lakh recorded considerable demand of 21 per cent. This category too, witnessed demand leading its supply by 15 per cent Multistorey apartment Single floor Residential house Residential plot Villa l Though multi-storey apartments were the preferred property type in Central Pune, its demand dipped by 6 per cent in the present quarter. The category recorded 87 per cent demand with corresponding supply at 88 per cent l While demand for independent houses increased by 3 per cent in the Jan-Mar 14 quarter, its supply recorded an insignificant drop. There was 6 per cent demand for the same. Supply followed closely at 4 per cent l The single floor units recorded a demand of 3 per cent and supply at 5 per cent in Central Pune. Maximum supply for this category was observed in Shivaji Nagar, Bhawani Peth and Prabhath Road BHK 2 BHK 3 BHK 4 BHK & above l The 2BHK category recorded 40 per cent demand and 29 per cent supply, which was restricted to Shivaji Nagar, SP Road, Prabhat Road and Model Colony. Supply fell short of demand by 11 per cent l Demand for 1BHK units, at 35 per cent, increased by 6 per cent in the present quarter leading supply by 19 per cent l There was considerable demand of 21 per cent for the 3BHK category as well. Supply closely met demand and stood at 25 per cent. Supply of 4BHK and Above units led demand by 26 per cent. While demand for the same was only 4 per cent, its supply was 30 per cent registering a significant mismatch

14

15

16 PUNE propindex.magicbricks.com 14 VOL3, ISSUE 4; JAN-MAR, FY CAPITAL VALUES LOCALITY WISE Average Listed Residential Apartment Prices PUNE Locality Capital Values (Rs/Sq feet) Locality Capital Values (Rs/Sq feet) Akurdi 5000 to 5800 Alandi 3350 to 4100 Ambe Gaon 4700 to 5750 Aundh 7600 to 9550 BT Kawade Road 5700 to 7000 Balewadi 5900 to 7000 Baner 6250 to 7650 Baner Balewadi Rd 6050 to 7250 Baner Pashan Link Rd 6600 to 7750 Baner road 6300 to 7850 Bavdhan 6100 to 7300 Bhosale Nagar to Bhugaon 50 to 6100 Bibwewadi 6650 to 8400 Boat Club Road to Chakan 2950 to 3450 Chinchwad 5150 to 60 Dange Chowk 5500 to 6250 Dhanori 4350 to 5350 Dhayari Rd 4650 to 5650 Dighi 3900 to 4450 Hadapsar 4450 to 5850 Handewadi 4000 to 4850 Handewadi Road 4150 to 50 Hinjewadi 5050 to 60 Kalyani Nagar 7400 to 9400 Kalyaninagar 7900 to Karve Nagar 8150 to Katraj 4500 to 5850 Keshavnagar 4700 to 5450 Kharadi 5450 to 6500 Kondhwa 4600 to 5700 Koregaon Park 8800 to Kothrud 8300 to Lohegaon 3900 to 4650 Magarpatta 6750 to 8000 Manjri 4150 to 5100 Market Yard 6450 to 8850 Model Colony to Mohamadwadi 4550 to 5400 Moshi 3700 to 4400 Mundhwa 4650 to 5700 Narhe 4250 to 5250 NIBM Annexe 4850 to 5950 NIBM Rd 5350 to 6450 Pashan 5950 to 7250 Pashan-Sus Road 6000 to 7100 Pimple Gurav 5450 to 6650 Pimple Nilakh 5900 to 7050 Pimple Saudagar 5700 to 6550 Prabhat Rd to Rahatni 5050 to 5950 Ravet 4700 to 5650 Salunke Vihar 5350 to 6650 Shastri Nagar 7750 to 9450 Sinhgad Road 5350 to 6900 Sopan Baug 8650 to Talegaon 3050 to 3850 Talegaon Dabhade 3300 to 3950 Thergaon 5000 to 5900 Tingre Nagar 4350 to 5550 Undri 4300 to 5400 Viman Nagar 6400 to 7700 Vishrantwadi 5000 to 6300 Wadgaon Sheri 50 to 6850 Wagholi 3900 to 4750 Wakad 5450 to 6400 Wanowrie 6000 to 7650 Warje 5900 to 7150

17 VOL3, ISSUE 4; JAN-MAR, FY propindex.magicbricks.com CONTACT US l Post your feedback to - l Join our discussion forum at - openhouse.magicbricks.com l For business enquiries - sales@magicbricks.com PROPINDEX TEAM l Content & Research: E Jayashree Kurup, Dipti Tandon, Subodh Kumar, Rishab Jain, Kanchana Dwarkanath, Sruthi Kailas, Shradha Goyal, Neha Nagpal, Bhawna Mongia, Renu Arya, Aradhana Mozumdar, Girish Bindal, Puneet Kukreja & Bikash Kumar. l Layout Design: Harsha Khattar l Cover Page Design: Raghav Krishnan & Rahul Nair D I S C L A I M E R Every effort has been made to make this Index as complete and as accurate as possible. MagicBricks accepts no responsibility for inaccuracies in the information/data contained in this book. It shall have neither liability nor responsibility to any person or entity with respect to any loss or damage caused, or alleged to have been caused, directly or indirectly, by the information contained in this book. The information/data in this book is subject to change from time to time due to market condition.

18