Average Price Trends

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2 Executive Summary Volatility in capital and currency markets globally triggered serious turbulence in the Indian Currency last quarter. The continuous slide of the rupee against the US dollar caused concerns among the industry and consumers but, also led to NRIs considering investing in real estate back home. Real Estate players saw a marked rise in the number of inquiries from NRIs and international investors in the last quarter, during which the rupee declined over 10% against the dollar. Also, a large number of discounts and subvention schemes were on offer during the last quarter from developers like Paramount, Purvankara & Parsvnath to ease out the buying process for the working class segment. Among the top 7 cities of India, the capital value growth in Mumbai and Pune was the highest with prices increasing by 17% and 16% respectively (Apr-May-June 2013) over Q2-12 (Apr-May-June 2012). The year on year growth in Delhi-NCR property market slowed down from 20% last quarter to 15%. Some of the other metros have also witnessed double digit percentage growth in property prices with Kolkata, Bangalore and Hyderabad witnessing property price appreciation in the range of 10-15% when compared to Q2-12.

3 Rental values across these cities have also gone up in Q1-13 when compared with Q1-12. The rentals taken into consideration are for 3BHK flats. All the cities saw an increase in the range of 5 to 8% in the residential rental rates over the last year. Average Price Trends Buy - Increase in average property prices per square feet across localities over Q2-12 Rent - Increase in average rent of a 3 BHK flat across localities over Q2-12

4 Property Watch - Delhi-NCR Property Price Trends Most localities in the Delhi-NCR region have witnessed price appreciation in the last one year. Highest growth was seen in Sector-54 Gurgaon which witnessed about 87% increase in capital values over Q2-12. Delhi: The localities to see maximum appreciation in price trends were Vasundra Enclave and Sector-13 Dwarka with around 28% and 25% appreciation respectively in Q2-13 when compared to Q2-12. During the same time period Rohini, Patparganj and Sector-14 Dwarka saw prices rise by around 22%, while most other localities saw price appreciation within the range of 4-19%. Narela % -2% Mahavir Enclave % 6% Sector-16 Dwarka % -1% Uttam Nagar % -2% Vasundra Enclave % 0% Mayur Vihar - III % 7% Mayur Vihar - I % 0% On the other hand, localities in South Delhi continue to see a price correction. Saket in particular has seen a dip of 14% in the last quarter. % Decrease C R Park % -6% Defence Colony % -4% Saket % -3% Gurgaon: Not only in Gurgaon but in the entire Delhi-NCR region, Sector-54 saw the highest price growth of over 87% over Q2-12. Other areas which saw high appreciation (over 40%) include Sector-104, Sector-112 and Sector-108.

5 Sector % 25% Sector % 6% Sector % 1% Sector % 2% Sector % 2% Sector % -1% Noida: Increased connectivity has led to significant price increases in this region. Sector 86 & Sector 131 both witnessed an increase of 33%. Sector-104 saw a price rise of over 26% in the last one year with projects like ATS One Hamlet seeing good appreciation. Rates in Sector-134 are also on the move with projects in the Jaypee Wish Town like Kosmos & Klassic nearing possession in the next few quarters. Most of the other localities in Noida also saw double digit percentage increase in prices. Rates in Sector 44, which are the highest in Noida went up by 22% to Rs psqft. Sector % 7% Sector % 7% Sector % 4% Sector % 5% Sector % 3% Sector % 4% Sector % 9% Sector % 1% Sector % 3% Sector % 5% Sector % 2% Sector % -1% Greater Noida: Site C saw the highest growth in prices of about 30%. After a turbulent phase, Noida Extension also saw an appreciation of 28% year on year.

6 Price per square foot Site C % 5% Sector Mu % 6% Noida Extension % 3% Ghaziabad: Crossing Republik, and Ankur Vihar saw above 30% increase in prices in Q2-13 when compared to Q2-12. Abhay Khand, NH-58 and Govind Puram saw more than 25% increase in their per square feet prices during the same time period. Crossing Republik % 1% Ankur Vihar % 0% Abhay Khand % 5% Govind Puram % 1% Faridabad: Almost all major localities across Faridabad saw above 25% growth over the past year, with Sector-77 registering the highest growth of around 60%. Sector % -3% Sector % 4% Sector % 0% Rental Watch - Delhi-NCR Housing rentals in the Delhi-NCR region have gone up by an average of 5% when compared to the same period a year ago. Highest appreciation during this period was seen in Sector-54 Gurgaon and New Friends Colony. Delhi: Residential rental values of a 3BHK home in New Friends Colony saw highest appreciation with rentals going up by 23% over Q2-12. Safdarjung and Janakpuri saw over 20% increase in rentals during the same time period.

7 Name New Friends Colony % 7% Safdarjung % -8% Janakpuri % 5% Mayur Vihar - II % 9% Gurgaon: Most localities of Gurgaon have seen positive movement in their rentals over the last one year. Sector-54 saw highest growth with average rental values of a 3BHK apartment going up by 33% when compared to Q2-12. Sushant Lok and Sector- 49 saw above 14% increase in their rentals during the same time period. Name Rental for 3 BHK Sector % -8% Sushant Lok % 8% Sector % 10% DLF CITY PHASE III % 16% On the contrary, areas like Golf Course Road, Sector-30 and Sector-31 continued to see a decline in their rental values. Name Rental for 3 BHK Sector % Sector % DLF CITY PHASE IV % Golf Course Road %

8 Noida, Greater Noida and Ghaziabad: Vasundhara in Ghaziabad saw maximum growth with rentals going up 18% over Q2-12. Sector Chi-Phi in Greater Noida saw a growth of 15%. Name Vasundhara % -6% Chi - Phi % 0% Pi - Sector Gr Noida % 1% In Noida, rental rates went up by in Sector 52 & Sector 50 by 13% & 7% respectively while rates in Sector 29, Sector 93 & Sector 119 were stagnant year on year. Name Sector-52 Noida % 1% Sector-50 Noida % 3% Sector-82 Noida % 1% Sector-37 Noida % 3% Sector-44 Noida % 2% Sector-61 Noida % 0% Sector-62 Noida % 1% Sector-29 Noida % 0% Sector-119 Noida % 0% Sector-93 Noida % 0%

9 Property Watch - Mumbai Property Price Trends The average capital value appreciation of the city has been about 17% in the last one year. Localities around Mira Road saw maximum increase in values with per square feet rates in Q2-13 over Q2-12. South and South West Mumbai: Localities in the South & South West Mumbai continued to see good price gains over the past year. Dadar (East) and Bandra (West) saw approximately 21% price appreciation over Q2-12. Dadar (East) % 4% Bandra (West) % 8% Matunga % 4% Juhu % 2% There was also a price correction in few localities of South Mumbai like Bandra (East), Parel and Mahalaxmi. % Decrease Mahalaxmi % Parel % Bandra (East) % Mira Road and Beyond: Most localities in this area saw more than 14% increase in their property prices over Q2-12. Bhayander (West) and Nallasopara saw the highest appreciation. Bhayander (West) % Nallasopara % Nalasopara (West) % Bhayander (East) % 3% 7% 5% 2%

10 Navi Mumbai: Price growth of 18% was seen across localities in Navi Mumbai. Palm Beach saw about 62% increase in rates over the past year. Almost all other localities registered more than 10% increase in rates. Palm Beach % Jui Nagar % Nerul % Sea Woods % Ulwe % % Change 38% 6% 3% 5% 7% Thane and Beyond: Localities in this area saw significant growth in rates with Hiranandani Meadows, Thane (West), Kapurbawadi registering above 25% increase in rates. Thane West % Hiranandani Meadows % Kapurbawadi % Panch Pakhadi % 6% 4% 3% 9% Andheri Dahisar: Andheri (Wast), Chandivali, Goregaon (East) and Malad (West) saw above 15% increase in their property prices over the last year.

11 Andheri (West) % Chandivali % Goregaon (East) % Malad (West) % 3% 12% 0% 4% Central Mumbai Suburbs: Many localities in this area witnessed above 20% growth in capital rates year on year. Hiranandani Gardens - Powai % Powai % Ghatkopar West % Mulund (East) % Sion (East) % 27% 10% 0% 6% 2% Rental Watch - Mumbai Mumbai saw an increase in registrations of lease deed agreements in the last quarter as prospective buyers opted for renting their apartments than actually buying it out. The residential rentals of Mumbai moved up by 6% when we compare rentals of a 3 BHK over Q2-12. South and South West Mumbai: Mahim (West) saw the highest appreciation of around 17% while Khar rates almost caught up with Bandra (West) touching Rs. 80,000. Name Mahim (West) % 9%

12 Khar % Bandra (West) % -2% 5% However, areas like Worli, Lower Parel and Worli saw a decline in rentals over the past one year. Name Santacruz (East) % Lower Parel % Worli % Navi Mumbai: All localities in Navi Mumbai saw an increase in their rental values in Q2-13 over Q2-12. Nerul, Palm Beach and Sea Woods saw over 20% appreciation in their rental values. Name Nerul % Palm Beach % Sea Woods % 27% 14% 30% Thane and Beyond: Like last quarter, VasantVihar saw an 11% increase in rentals over the last one year. Kolshe Road and Manpada saw 13% and 12% appreciation respectively. Name Kolshe Road % Manpada % Vasant Vihar % 5% 0% 0%

13 Central Mumbai Suburbs: Sion (East) and Hiranandani Gardens - Powai saw appreciation of 17% and 10% respectively over the past year. Name Rental for 3 BHK Rental for 3 BHK Sion (East) % Hiranandani Gardens - Powai % 4% 8% Andheri Dahisar: Goregaon (West) saw maximum rental appreciation of 18% in Q1-13 over Q1-12. During the same time period, Malad (West) and Andheri (West) saw about 12% and 9% increase in rental values respectively. Name Goregaon (West) % Malad (West) % Andheri (West) % 3% 4% 2% Property Watch - Bangalore Property Price Trends Property prices in the Bangalore region moved up by approximately 10% in the last one year. Bangalore East: Outer Ring Road saw maximum price growth of 39% in the last one year while Brookefield also saw more than 30% price rise when compared to Q2-12. Outer Ring Road % Brookefield % Indira Nagar % 6% 13% 0%

14 On the other hand, Whitefield and Srajapur Road saw a price correction over Q2-12 of 8%& 9% respectively. % Decrease Whitefield % Sarjapur Road % Bangalore North: Nagawara Junction saw an increase of 33% over last year. Nagawara Junction % Malleshwaram % 14% 11% Bangalore South: Banashankari & Koramangala saw a growth of about 35% in the same time period. Banashankari % Koramangala % Silk Board % Jayanagar % 4% 4% 5% 12% Bangalore West: Magadi Road saw a growth of over 36% in the last year. Magadi Road % Kengeri %

15 Rental Watch - Bangalore Rental values of Bangalore moved up by about 8% over Q2-12. Most localities saw rental appreciation barring Bannerghatta Road, HSR Layout, Kanakpura Road and RT Nagar. Bangalore East: Whitefield saw highest rental appreciation of 15% in the last one year while Kunadanahalli, Mahadevpura and Indira Nagar saw rental appreciation within the range of 12% and 13% during the same time period. Name Whitefield % Kunadanahalli % Mahadevpura % Indira Nagar % 5% 7% 4% 2% Bangalore South: Most important localities of South Bangalore like Electronic City, Kormangala, Bannerghatta Road and HSR Layout witnessed appreciation within the range of 7% and 10% over Q2-12. Name Electronic City % Bannerghatta Road % HSR Layout % Koramangala % 7% 5% 8% 0% Property Watch - Pune Property Price Trends

16 The Pune residential real estate market has seen an average appreciation of 16 per cent in the last year. Chinchwad saw the highest price gain of 31 per cent in the last year, while Paud Road saw a dip of 13 per cent in the same period. Kalyani Nagar, Koregaon Park, Dhanori and Narhe saw price rises of over 20% in the last one year. Chinchwad % Kalyani Nagar % Singhad Road % Koregaon Park % Dhanori % Narhe % Mundhawa % Tale Gaon % Hinjewadi % Aundh % Wadgaon Sheri % Pimple Nilakh % 11% 16% 4% 10% 1% 7% 10% 11% 9% 2% 2% 6% Rental Watch - Pune Rental rates of Pune saw about 5% appreciation over Q2-12. Koregaon Park witnessed the highest rental growth of 17% in the last one year, while Singhad Road, Vishrantwadi and Wadgaon Sheri saw more than 10% increase in rentals. Name

17 Koregaon Park % Singhad Road % Vishrantwadi % Wadgaon Sheri % Balewadi % Pashan-Sus Road % Wagholi % Property Watch - Chennai Property Price Trends 17% 3% 3% 0% 8% 7% 9% Chennai real estate market has been stable with moderate price appreciation of 9% over last year. Expansions of the existing highways, work on Chennai Metro and the Outer Ring Road have led to appreciation of prices in nearby localities. Most important localities in the city have seen double digit percentage increase in their per square feet rates. Korattur grew the most with 61% increase in psqft rates. Avadi and Mogappair saw about 27% and 24% increase in their prices respectively. Korattur % Avadi % Mogappair % Pallavaram % Nanganallur % Selaiyur % #N/A 8% 8% 11% 4% 13% Rental Watch - Chennai

18 Adyar in South Chennai saw highest appreciation with rentals going up by 25% over Q2-12. However, in other localities like Velachery and Madipakkam the rentals remained stagnant. Name Adyar % Anna Nagar % T.Nagar % Medavakkam % Velachery % Madipakkam % #N/A 16% 13% 4% 0% 2% Property Watch - Kolkata Property Price Trends The average capital values of Kolkata moved up by around 15% over Q2-12. Sodepur registered the highest year on year growth of 45%. Sodepur % 3% Airport % 4% Kalikapur % 1% E M Bypass (Kolkata South) % Prince Anwar Shah Rd % 0% Gariahat % 0% 5% Rental Watch - Kolkata

19 The highest appreciation of rentals was seen in EM Bypass area in South Kolkata, where rentals appreciated by 20%. However, in areas like Rajarhat & Tollygunge there was a decline in rentals. Name E M Bypass (South) % 3% Salt Lake % 5% New Town % 2% Prince Anwar Shah Rd % 0% Tollygunge % -10% Rajarhat % -13% Property Watch - Hyderabad Property Price Trends The average property rates for Hyderabad grew by about 10% over the past year. Chandanagar registered the highest growth of over 29% while Attapur Ring Road, Miyapur and Hi-Tech City witnessed 15% plus growth in per square feet rates. Name Chandanagar % 7% Attapur Ring Road % -4% KPHB % 10% Miyapur % 10% Hi-Tech City % 12% Madhapur % 13% Gachibowli % 5% Pragati Nagar % -1% Madinaguda % -1% Kondapur % -8% A.S Rao Nagar % -7% Nizampet % 13% Kukatpally % 0%

20 Sainikpuri % 0% Banjara hills % 7% Manikonda % -4% Rental Watch - Hyderabad Kondapur showed the maximum increase over the past year with an average growth of 13%. Name Kondapur % 6% Gachibowli % 1% Madhapur % 0% Methodology The price trends have been compiled for the last four quarters from Apr-May-June 2012 to Apr- May-June The localities covered in the section have been carefully chosen to reflect popular demand and supply destinations. The report reflects trends on property prices for the residential apartment segment and the underlying dataset is that of the asking prices (and not the transaction prices). The unit for measuring property rate is price per square feet and the quarters are defined as per the calendar year. The Analytics team of 99acres.com employed the following methodology for plotting the trends: Data cleansing - Our team has taken utmost care to ensure spam listings do not skew the numbers that we present in this report. Since the figures we have quoted here are asking prices and not the actual transaction prices, it was important to identify entries which were spurious and eliminate them from the data set. The following due diligence has been conducted to ensure hygiene of the data: Sample size was carefully chosen to ensure significant number of data points as well as to cover as many localities as possible. Outliers were identified and treated.

21 Disclaimer The report has been constructed based on data provided by 99acres.com users. Our analytics team has used statistical techniques to derive insights which might be useful for our users/stake holders/audiences. However, variations from observed market prices are possible as the insights are only approximations. The models will be revisited regularly with more data, not just from the quotes of buyers and sellers on 99acres.com but also from the feedback we receive from our users. Property prices in a locality also vary depending upon age of property, builder reputation, floor etc. The numbers given in this report are just averages and do not completely represent a given locality. Variations to the tune of 10-20% on either side might be possible.