MONTHLY REALTY WATCH WEST INDIA - MAY 2016 Confidential for Private Circulation Only
Key Insights Residential launches in West India increased by 27 per cent as compared to previous month. Mumbai led the pack in new launches, accounting for nearly 82 per cent of the combined launches of Mumbai, Ahmedabad and Pune put together. The city witnessed an increase of over 60 per cent in new unit launches during the month of Apr 16 over the previous month Prices of residential properties in Pune increased marginally across all localities, ranging between 2 per cent to 10 per cent annually, whereas prices in Mumbai remained range bound Despite declining sales, Ahmedabad witnessed a price appreciation of five per cent year-on-year, with some prominent localities of Gandhinagar and Ahmedabad Central witnessing price rise in the range of 12 per cent to 17 per cent News & Deals: Ajmera Realty plans to develop 10,000 affordable homes by 2026 in the Mumbai Metropolitan Region (MMR) Realty developer Kanakia Group bought development rights for 0.5 million sq.ft. on a Powai land parcel for Rs.400 Crore from the local developer Skyline Pune Municipal Corporation, in order to tame the issue of pollution arising out of construction waste, plans to offer a discount of 5 per cent on development charges to developers for using recycled building material supplied by the civic body The German Government's development bank, KfW, will provide Rs.3,750 Crore loan assistance to Nagpur Metro Rail Corporation Limited (NMRCL) to execute the new sustainable metro system in Nagpur city. Page 01
West India : Key new launches Apr 16 Mumbai Project Name Developer Micro Market Type Launch Units Quoted Price (Rs./sq.ft.) Immensa Kalpataru Thane West Apartment 1,200 7,750 Paradise Haware Kalyan West Apartment 350 3,750 Club Life Oyster Living Kandivali West Apartment 252 6,930 Maple Heights Ashar Group Mulund West Apartment 242 11,000 Ashoka Heights Om Builder Developers Mulund West Apartment 220 8,999 Happinest Phase - 3 Mahindra Lifespaces Boisar Apartment 160 3,045 Freny Platinum Tower Platinum Developer Vasai Apartment 150 3,963 Tiara Rajesh LLP Bhandup West Apartment 136 10,000 Avisha Nandivardhan Group Girgaon Apartment 130 32,000 Embassy Drushti Group Ghatkopar East Apartment 128 15,000 Prayosha Phase - 2 Patel RPL Ambernath West Apartment 120 2,621 Pune. Sai Paradise Wadhwani Tathawade Apartment 300 4,950 Somani Residency Somani Realty Tathawade Apartment 224 4,300 DS Vrindavan DSP Developers Dhanori Apartment 150 4,200 Ahmedabad Kesar City Phase - 2 Aroma Realties Changodar Apartment 507 1,555 Page 02
Price Trends Key Localities in Mumbai 48,000 % Change (Y-O-Y) 43,000 38,000-1 *BSL(Rs./sq.ft.) 33,000 28,000 23,000 18,000-4% -1% -2% 13,000 8,000 3,000-1% - Apr'15 Jul'15 Oct'15 Jan'16 Apr'16 Worli Goregaon East Mulund West Thane West Airoli Mira Road Virar Page 03
Price Trends Key Localities in Pune 7,500 % Change (Y-O-Y) 1 BSP (Rs./sq.ft.) 6,500 5,500 4,500 3,500 2,500 2% 3% 3% 3% Apr 15 Jul 15 Oct 15 Jan 16 Apr 16 Viman Nagar Baner Wakad Hinjewadi Kondhwa Wagholi Chakan Page 04
Price Trends Key Localities in Ahmedabad 7,500 % Change (Y-O-Y) 6,500 BSP (Rs./sq.ft.) 5,500 4,500 3,500 4% 2% 2,500 Apr 15 Jul 15 Oct 15 Jan 16 Apr 16 Satellite Ambavadi Thaltej Makarba Chanakyapuri Near Nirma University on SG Highway Page 05
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