MONTHLY REALTY WATCH WEST INDIA - SEPTEMBER 2016 Confidential for Private Circulation Only
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
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 324 12,750 Greens Phase 2 Ecohomes Karjat 180 2,900 Aurelia Rustomjee Thane West 180 11,578 Oshi BBJ Worldwide Jogeshwari West 178 11,700 Mirabilis Ozone Santacruz East 112 28,285 Page 02
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 3,444 144 132 130 123 118 110 5,700 4,300 5,890 5,200 4,499 3,100 Page 03
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 3,000 --1% - -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
Price Trends Key Localities in Pune 10500 % Change (Y-O-Y) 22% BSP (Rs./sq.ft.) 8500 6500 4500 1% 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
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
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