MONTHLY REALTY WATCH WEST INDIA - SEPTEMBER Confidential for Private Circulation Only

Transcription

1 MONTHLY REALTY WATCH WEST INDIA - SEPTEMBER 2016 Confidential for Private Circulation Only

2 Key Insights The western cities of India witnessed an increase of 46 per cent in residential launches (August 2016) over the previous month. Ahmedabad, Pune and Mumbai contributed 43 per cent, 31 per cent and 26 per cent respectively to the total launches witnessed during the month Ahmedabad outperformed Mumbai and Pune with an increase of over 140 per cent in new launches during August 2016, as compared to the previous month. Majority of the new launches in Ahmedabad were witnessed along SG Highway and in the localities of North Ahmedabad While prices across Mumbai and Ahmedabad largely remained range bound over the previous year, Pune saw marginal price increase across all localities in the range of 2 per cent to 3 per cent annually. Viman Nagar, in particular, witnessed a price appreciation of over 20 per cent over the last 12 months News & Deals: Lodha Group has raised Rs. 2,320 Crore in a debt transaction from Piramal Fund Management for the development of its projects in south and central Mumbai Piramal Fund Management and Shapoorji Pallonji Real Estate Development jointly invested Rs. 300 Crores in a residential project launched by Ornate Spaces at Oshiwara in suburban Mumbai Sethia Group has raised debt worth Rs. 115 Crore from Edelweiss Group to finance the development of two of its newly launched projects in western suburbs of Mumbai Page 01

3 West India : Key new launches August 16 Mumbai Project Name Developer Micro Market Type Launch Units Quoted Price (Rs./sq.ft.) Godrej Emerald Godrej Thane West 652 6,571 Swagat Village Shubh Ashish Neral 500 2,599 Freeway 37 Edelweiss Wadala ,750 Greens Phase 2 Ecohomes Karjat 180 2,900 Aurelia Rustomjee Thane West ,578 Oshi BBJ Worldwide Jogeshwari West ,700 Mirabilis Ozone Santacruz East ,285 Page 02

4 West India : Key new launches August 16 Pune Project Name Developer Micro Market Type Launch Units Quoted Price (Rs./sq.ft.) Purvanchal VTP Group Wagholi 300 3,650 Essence Mantra Properties Undri 272 3,090 Iris Bhandari Wagholi 218 3,548 Ravinanda Towers Ravinanda Landmarks Wagholi 202 3,400 Crossing Greens The Residences Aeternitus Association Alandi 200 3,050 Splendid County Yashada Realty Lohegaon 170 4,100 Leher III Apple Homes Utsav Homes 3 Millenium Acropoilis Urbania Arambh Ahmedabad Rohan Manorama Builders Prime Space Millenium Developers Legacy Lifespaces 7 Star Properties Baner Kondhwa Bavdhan Wakad Tathawade Pirangut Near Nirma University Gold City B Kesar On SG Highway 2,500 2,500 Ashray 10 Keval Vision Corp Ranip 800 2,100 Sun Residency Dwarkesh Developers Vastral 98 2,000 Arise Florus Arise Developers Gota 97 3, ,700 4,300 5,890 5,200 4,499 3,100 Page 03

5 Price Trends Key Localities in Mumbai 48,000 43,000 % Change (Y-O-Y) 2% 38,000 33,000 *BSL(Rs./sq.ft.) 28,000 23,000 18,000 1% 2% 0% 13,000 8,000 3, % - -1% -3% -4% Aug' 15 Nov' 15 Feb 16 May 16 Aug' 16 Worli Goregaon East Mulund West Thane West Airoli Mira Road Virar Page 04

6 Price Trends Key Localities in Pune % Change (Y-O-Y) 22% BSP (Rs./sq.ft.) % 2% -3% 0% -1% 2,500 Aug 15 Nov 15 Feb 16 May 16 Aug 16 1% Viman Nagar Baner Wakad Hinjewadi Kondhwa Wagholi Chakan Page 05

7 Price Trends Key Localities in Ahmedabad 7,500 % Change (Y-O-Y) 0% 6,500-1% BSP (Rs./sq.ft.) 5,500 4,500 3,500-8% 2% 1% 2,500 Aug 15 Nov 15 Feb 16 May 16 Aug 16-6% Satellite Ambavadi Thaltej Makarba Chanakyapuri Near Nirma University on SG Highway Page 06

8 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.