MONTHLY REALTY WATCH NORTH & EAST INDIA - APR Confidential for Private Circulation Only

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1 MONTHLY REALTY WATCH NORTH & EAST INDIA - APR 2016 Confidential for Private Circulation Only

2 Key Insights Across North & East cities of the country, new launches during March witnessed a decline of ~79% over the previous month and ~80% over previous year. While these launches were witnessed across Noida and Kolkata, Gurgaon did not see any new launches in the month Subdued demand, stagnant prices and pressure from unsold inventory across the cities, affected the liquidity scenario and hence resulted in decline in new launches Prices of residential properties in Kolkata increased marginally across all localities, ranging between 1% to 14% annually Prices in Gurgaon and Noida continued to fall coupled with decline in sales. In some localities, prices fell by 1-4% annually during March 2016 News & Deals. Real estate firms DLF, Jindal Realty, M3M, Vatika, IREO, Supertech, Embassy Industrial Parks and Indiabulls have committed to invest a total of Rs.1,23,700 Crore in Haryana Supertech announced an investment of Rs.5,706 Crore over 7 years to develop affordable housing and township projects in Haryana with potential employment generation for 5,000 people Embassy Industrial Parks, a joint venture between Embassy Group and Warburg Pincus, signed a 1,910 Crore MoU with Govt. of Haryana for development of three industrial parks around Gurgaon which would generate 4,000 jobs Infosys received the Government nod for setting up a sector specific SEZ for IT/ITeS in Mohali over an area of ~50 acres Renowned international developer Hines and Abu Dhabi Investment Authority, along with private equity fund IREO, have backed Gurgaon-based developer Conscient Infrastructure to jointly develop a 10-acre residential project in Gurgaon Three IT parks in Kolkata, spanning over an area of 5.5 Lac sq.ft., with a capacity to incorporate companies in each, are likely to be operational very soon As per the revised building bye-laws for Delhi, an integrated online single window approval process will allow builders to get approvals within 30 days Page 01

3 North & East India: Key new launches Mar 16 Noida Project Name Developer Micro Market Type Wynn Migsun ETA II Greater Noida Apartment Launch Units Quoted Price (Rs./sq.ft.) 338 1,699 VPA Residency VPA Infratech Phase 2 Noida Extn. Apartment 240 2,231. Kolkata Utalika Luxury Ambuja Neotia Mukundapur Apartment 147 6,000 Raycon View Sourav Ganguli Avenue Rechi Construction Rajarhat New Town Apartment 80 2, Diamond Diamond Alipore Apartment 12 13,500 Page 02

4 Price Trends Key Localities in Gurgaon % Change (Y-O-Y) 13,000 0% BSP (Rs./sq.ft.) 11,000 9,000 7,000 5,000-1% -5% -5% Mar 15 Jun 15 Sep 15 Dec 15 Mar 16 Golf Course Extn. Road Sohna Road Dwarka Expressway New Gurgaon Page 03

5 Price Trends Key Localities in Noida 6,500 % Change (Y-O-Y) -4% BSP (Rs./sq.ft.) 5,500 4,500 0% -2% 3,500-3% 2,500 Mar 15 Jun 15 Sep 15 Dec 15 Mar 16 4% Noida Expressway FNG Expressway Greater Noida Noida Extension Yamuna Expressway Page 04

6 Price Trends Key Localities in Kolkata % Change (Y-O-Y) 15,000 11% BSP (Rs./sq.ft.) 11,000 7,000 6% 3% 4% 3,000 Mar 15 Jun 15 Sep 15 Dec 15 Mar 16 1% Ballygunge Salt Lake City Bonhooghly on BT Road Garia Rajarhat New Town Page 05

7 CONTACT PROPTIGER FOR REAL ESTATE INSIGHTS: Detailed analysis of micro markets Market intelligence report Micro market surveys Price sensitivity analysis City dashboards and trends Demand assessment ANURAG JHANWAR, MRICS Head Consulting and Data Insights SUNIL MISHRA Chief Business Officer - Primary Business & Developer Solutions sunil.mishra@proptiger.com DISCLAIMER All data, figures, information provided hereto are provided and/or collated by Proptiger.com and that any of its representatives, officers, employees or affiliates makes no representations or warranties as to the accuracy or completeness of any information furnished hereto. This report has been prepared by Proptiger Data Labs solely for information purposes. It does not purport to be a complete description of the markets or developments contained in this material. The information on which this report is based has been obtained from sources that Proptiger believes in its reasonable bona fide faith to be reliable, but Proptiger has not independently verified such information and do not guarantee/ warranty the accuracy, genuineness or completeness of the information therein. This report contains information available to the public and has been relied upon by Proptiger on the basis that it is accurate and complete. Information contained herein should not, in whole or part, be published, reproduced or referred to without prior approval. Proptiger accepts no responsibility if this should prove not to be the case. Any such reproduction should be credited to Proptiger Data labs Proptiger.com. All rights reserved LIMITATION OF WARRANTY The Information is provided as is, without warranty of any kind, it has not been independently verified by Proptiger or Its Affiliates, Officers, Employees or Agents and use of the Information is at your sole risk. Proptiger or Its Affiliates, Officers, Employees or Agents shall not be liable and expressly disclaim liability for any error or omission in the content of the Information, or for any actions taken by you or any third party, in reliance thereon. The Information is not guaranteed to be error-free, or to be relied upon for investment purposes, and Proptiger or Its Affiliates, Officers, Employees or Agents make no representation or warranty as to the accuracy, truth, adequacy, timeliness or completeness, fitness for purpose, title, non-infringement of third party rights or continued availability of the Information, withdrawal without notice and to any special conditions imposed by our principals.