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Page 1: Bengaluru oct-dec-2014
Page 2: Bengaluru oct-dec-2014

It’s a new calendar year and Magicbricks wishes all its readers a VeryHappy 2015. It’s been a year where subdued sentiments in the propertymarkets gave rise to euphoria over Prime Minister Modi’s conclusive winin the General Elections and then settled into a subdued mode again.

In its 15th edition, PropIndex reflected the reality of the real estatemarket in India which clearly gave a green signal for affordability andvalue for money. This was in line with the government’s agenda ofpromoting ‘Housing for All by 2022’.

City indices remained fairly stable. Riding high on the ‘Modi’ factorAhmedabad recorded the highest rise of 3 per cent in the City Indexvalues. The Delhi City Index continued to drop (1%) indicating slowuptake in the market.

At the macro level, properties in the affordable or mid-segment rangeswere clearly a popular choice. The budget range of Rs 20-40 lakh saw arise across cities except in Delhi, Gurgaon and Kolkata. In line with thistrend, the 1BHK category saw a rise in demand across all cities. Delhi andGurgaon saw a rise in demand for 2BHK units as well. As the capitalmarkets regained momentum post the formation of the new governmentat the Centre, rental markets were subdued in the Oct-Dec 2014 quarter.Almost 40-50 per cent of the tracked localities in each city recorded adrop in values.

After a dull year, 2015 is expected to bring with it new and positivechanges in the sector. The year is going to be crucial as this is the timewhen the Government’s promises would actually be put into practice.

Do write in at [email protected] and share yours views on thisreport and how we could make PropIndex even better. You may also shareyour opinion with #PropIndex on our Twitter handle @magicbricks orconnect with us on Facebook at www.facebook.com/magicbricksTOI.

FOREWORD

Sudhir PaiBusiness Head, Magicbricks.com

Page 3: Bengaluru oct-dec-2014

Magicbricks PropIndex

Magicbricks PropIndexis a tool whichempowers propertyseekers and investorswith detailedinformation on themovement of residentialapartment prices andsupply of properties inIndia. No credibleproperty index can be afunction of direct valuesas the changes aregoverned by multiplefactors.

Magicbricks PropIndexhas taken this realityinto account andproduced an index basedon listing of apartmentsand their capital andrental values on thewebsite.

Magicbricks has over 700,000 active propertiesposted by more than1,40,000 active users in300 cities and 10,000localities. Our usersinclude owners, agentsand developers.

Methodology

Apartment values arebased on listings onMagicbricks. Theseinclude multi-storeyapartments and singleunits on plotteddevelopments, referredto as builder floors onMagicbricks.com.

The Index is structuredin such a way thatindividual properties

are aggregated into theirrespective cities andthen to the NationalIndex. Weightages forPropIndex are based onthe supply of propertieswithin the locality/city.Based on this structure,PropIndex gives arealistic picture oftrends in price/supplyacross different propertymarkets in each city. Wehave used differentweightages for ListedPrice Monitor/RentMonitor. Therefore, readas a whole, PropIndexalong with tablesprovided for Listed PriceMonitor, Rent Monitor,Yield Monitor andCapital Values, gives anexcellent perspective ofthe property marketperformance in thequarter.

While listing and itsvalues/supply provide alevel of understandingof the market, there aremeticulous data checksto prevent aberrationscreeping in the Index.These are based onstatistical calculations,industry inputs andlogical interpretations.

The National PropertyIndex (NPI) is indicativeof the extent of activityas well as pricemovements across citiesand localities in themajor cities active onMagicbricks.com. Theindex includes the top11 cities (these have

been chosen based ontheir activity levels) andhas an individual cityreport for each of thesecities. While the NPI andits movements are ofinterest to the expertcommunity of bankers,builders and investors,the PropIndex has alsotaken care to explain thenuances of indexmovements at thelocality level that wouldhelp the huge base ofMagicbricks.comconsumers.

Insights into consumerdemand have beengathered throughanalysis of searchinformation on the site.This helps understandthe best localities bydemand, the type andconfiguration of units aswell as the budget-wisepreferences.

The PropIndex is theresult of meticulousresearch at the localitylevel and throughdetailed discussionswith experts atMagicbricks.com’soffline and onlineinitiatives.

The Indian real estatemarket is dynamic andthe PropIndex reflectsthose changes. Since it isderived from a dynamicdatabase, additions anddeletions of localitieshappen as a function ofmarket dynamics.

METHODOLOGY

Page 4: Bengaluru oct-dec-2014

There is a wealth of information within these pages. For better readability, we have presented some data as tablesand others as graphs. Between them, you will find how property markets have performed in the Oct-Dec 2014quarter from different perspectives – from that of capital appreciation, from a rental/yield realisationperspective and from a supply standpoint. Demand Analysis section also explains what consumers look for.

We recommend that you evaluate the city report in its entirety and that will provide a rounded perspective of theperformance of the property market within each city. Here are the details of what you will find in each of the cityreports enclosed within:

1. City Property Index – This is a composite index which is a function of supply of properties as well as theaverage capital appreciation/drop in various localities of the city in the quarter. The city index is theweighted average of the average rate per square foot in that locality and the supply of properties from thatlocality. Premium localities (with higher average rate per square foot) as well as localities with higher supplyof properties will have a bigger impact on the Index. For example, if the supply of properties from apremium locality drops, that locality will end up having a lower weightage in the index which in turn willpush the Index downwards (and vice-versa). On the other hand, supply of properties remaining unchanged,the Index will be influenced by capital appreciation within the locality.

2. Listed Price Monitor – This metric shows the capital appreciation/drop within a locality and is calculatedon the basis of movement in the “average rate per square foot” within that locality. By and large, themovement in the “average rate per square foot” reflects capital appreciation/drop. However, in a few selectcases, we have observed that the average rate per square foot moves due to a change in the mix of apartmentswithin that locality (e.g. if the ratio of premium apartments, which command a higher per square foot rate,changes over the quarter). In these few circumstances, the Listed Price Monitor will, in turn, reflect thisinput. Such changes have been explained in the text of the City Reports.

3. Rent Monitor – This reflects the rental appreciation/drop within a locality. It is calculated on the basis ofmovement in the “average rent per square foot” within that locality. By and large, the movement in the“average rent per square foot” reflects rental appreciation/drop. However, in a few select cases, we haveobserved that the average rent per square foot moves due to a change in the mix of apartments within thatlocality (e.g. if the ratio of premium apartments, which command a higher per square foot rent, changes overthe quarter). In these few circumstances, the Rent Monitor will, in turn, reflect this input. Such changes havebeen explained in the text of the City Reports.

4. Yield Meter – Yield is the annual rate of return earned on property. The Yield Meter depicts the gross yieldpercentages across various localities. Gross yield is a ratio of average annual rental value to the averagecapital value of the property.

5. Capital Value Tables (given in Annexures) – This shows the actual range of prices within which propertieswere available in each locality in the quarter. Prices are shown in Rupees per square foot basis, these are theprevailing rates for properties in each locality.

6. Demand Analysis – This analysis of consumer demand is based on searches and requirements that usershave performed on Magicbricks.com. The top localities by demand gives an insight into consumerpeferences. The demand data has been used to arrive at various aspects of consumer requirements includingBudget-wise analysis, Property type analysis and BHK configuration analysis. This section also provides acomparison between demand and supply in the Apr-Jun 2014 and Jul-Sep 2014 quarters.

7. Editorial Speak – PropIndex has gone from strength to strength – adding more analytics, insights anddiverse views in every edition. To enhance the insights provided by our data PropIndex now includes cityperspectives from editors of Times Property.

GLOSSARY & DEFINITIONS

Page 5: Bengaluru oct-dec-2014

NOTES

Page 6: Bengaluru oct-dec-2014

OCT-DEC 2014

In the Oct-Dec 2014 quarter, theNational Property Index (NPI)rose by 1 per cent over theprevious quarter. Out of the 11 cities tracked in India, sevenposted a rise of 1-3 per cent in theCity Index value. This kept theNPI positive.

Ahmedabad posted the maximumrise of 3 per cent in the CityIndex, followed by Kolkata,Chennai and Hyderabad whichrecorded a rise of 2 per cent.Bengaluru, Pune and Noida notedmerely 1 per cent rise. However,Gurgaon and Ghaziabad remainedunchanged. Delhi and Mumbai,the major metropolitan cities, sawa drop in the City Index value by 1 per cent.

The National Consumer Budgetpreference graph shows thatdemand for properties in therange of Rs 20-50 lakh remainedstrong and increased by 3 per centin the last six months. On theother hand, properties in the mid(Rs 70-100 lakh) to premium

segment (Rs 1 crore and Above)noted a drop of 1-2 per cent.

Overall, active supply remainedpassive and recorded a nominaldrop of 2 per cent. Cities such asMumbai, Kolkata and Gurgaonrecorded the maximum drop inactive supply.

No reduction in home loan ratesby RBI and drop in property buyersentiments in the last few monthskept property buyers at a wait-and-watch mode. This pulleddown the new launches rateacross India.

However, inspite of slow growthin the real estate market and dropin the number of new launchesacross India, the marketcontinued to witness healthydemand for properties in theaffordable range.

Significant demand for propertiesin the affordable range gaveimpetus to the public and privatesector to offer new properties inlow budget ranges with basicfacilities. The Modi Government’s

relaxation of FDI rules in theconstruction sector, by reductionin the minimum floor area fordevelopment and capitalrequirement, are expected tofurther attract more funds to thereal estate sector.

n Small size unitsrecorded a rise indemand by 1-4 percent, across India

n Properties worthRs 20-50 lakhwent up by 3 percent

n NCR witnessed adrop in supply ofpremiumproperties by 3-10per cent exceptGhaziabad, whichremained stable

n Demand forapartmentsdropped by 1-6 percent across allcities, except inChennai

IN THIS REPORT:

National Property Index................1

Bangalore...................................4

Annexures.................................13

NATIONAL PROPERTY INDEX (NPI)

VOL 4, ISSUE 3; OCT-DEC, FY 2014-15

OCT-DEC 2014

propindex.magicbricks.com

Source:Magicbricks.com

Page 7: Bengaluru oct-dec-2014

02VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

NATIONAL PROPERTY INDEX

l In the last one year, propertiesworth Rs 30-50 lakh continuedto witness maximum demandwith a consistent rise quarter-over-quarter, indicating strongdemand for affordable optionsacross India

l Rental returns remained highin residential properties inBengaluru, Hyderabad andKolkata

l In the last six months, Mumbai,Bengaluru and Pune continuedto be the most preferredinvestment destinations

Ahmedabad City Index rose by 3 per cent. After the formation ofthe Modi Government at thecentre, the City Index continuedto show a rise in values quarter-over-quarter. In the Oct-Dec 2014quarter, the city recorded a rise of1-9 per cent in average capitalvalues in over 75 per cent of thetotal localities tracked. The cityalso witnessed a rise in supply by5 per cent in comparison to theprevious quarter. SG Highway,Bopal and Motera witnessedmaximum supply of new projects.

The Bengaluru City Indexshowed an inverse trend incomparison to the last quarter, byposting a rise of 1 per cent. Thiskept the city index unchanged inthe last six months. Whitefield,

Sarjapur Road and Electronic Cityremained the most preferredinvestment destinations acrossresidential housing categories.The Yield Meter showed thatreturns were high on residentialinvestment in South and EastBengaluru, followed by NorthBengaluru.

Increase in average capital valuescoupled with rise in activeproperty listings in the city by 5 per cent, pushed up the ChennaiCity Index by 2 per cent. Therental market witnessed slowmovement in the average monthlyrentals. Close to 55 per cent of thetotal localities tracked in the citynoted a drop between 1-8 per cent.In the last one year, averagecapital values showed a healthyrise of over 10 per cent in areassuch as Oragadam, Anna NagarWest, Nungambakkam andPrerungudi.

The Delhi City Index continued todrop in the Oct-Dec 2014 quarter.A drop of 1 per cent was noted asopposed to the 3 per cent fall notedin the previous quarter. In the lastthree quarters, Delhi City Indexhas dropped by 9 per cent. Thiswas primarily on the back of thedrop in average values andgrowing inventory in the city,mainly in the single floor units. Inthe rental market, close to 50 per cent of the total localitiestracked in the city, recorded adrop of 1-10 per cent.

The Ghaziabad City Indexremained unchanged in the Oct-Dec 2014 quarter.

Almost equal number of localitiesrecorded a rise or drop in theaverage capital values. This keptthe Listed Price Monitorunchanged at 0 per cent. Similartrend was noted in the rentalmarket with increase and drop of10 per cent in lease.

In the past one year, GurgaonCity Index remained betweenminus 2 to plus 1 per cent. Thiswas mainly due to slow uptake inthe residential market of the city.Out of the total localities tracked,39 per cent noted a drop in theaverage capital values. This alsokept the City Index unchanged inthe Oct-Dec 2014 quarter. Therental market too, remained slow

Locality RankQ3 Q2

Mumbai 1 1

Bangalore 2 2

Pune 3 3

Hyderabad 4 5

New Delhi 5 4

Chennai 6 7

Kolkata 7 6

Gurgaon 8 8

Noida 9 10

Ahmedabad 10 -

Preferred Cities - Sale

Note: Q3 Oct-Dec 2014, Q2 Jul-Sep 2014

Preferred Cities - Rent

Locality RankQ3 Q2

Bangalore 1 2

Mumbai 2 1

Pune 3 3

New Delhi 4 4

Chennai 5 5

Hyderabad 6 6

Gurgaon 7 7

Kolkata 8 8

Noida 9 10

Ahmedabad 10 -Note: Q3 Oct-Dec 2014, Q2 Jul-Sep 2014

-1%

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Oct-Dec 2014

City Index Percentage Change

Source:Magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.com

Page 8: Bengaluru oct-dec-2014

03VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

with over 60 per cent localitiesrecording either a drop or nochange in the average rentalvalues.

Hyderabad City Index and theListed Price Monitor recorded arise of 2 and 3 per cent,respectively. The increase in theCity Index value was primarilyattributed to increase in theaverage capital values in areaswith maximum active properties.Unlike the capital market, therental market remained slow. Over55 per cent localities in the cityrecorded a drop between 2-8 per cent in the average rentalvalues. Gachibowli, Kondapur,Kukatpally and Hitec Cityremained the preferred locationsfor both sale as well as rent in thecurrent quarter.

Kolkata City Index rose by 2 per cent. This was primarilyattributed to rise in the averagecapital values in over 60 per cent ofthe tracked localities in the city.The 1 and 4BHK units witnessed arise in demand while othercategories noted a drop. Maximumrise was recorded in 1BHK unitsacross the region in the last sixmonths. Properties worth Upto Rs 20 lakh witnessed an increasein demand by 1-6 per cent acrossthe region, except in West Kolkata.

The Noida City Index rose by 1 per cent in the Oct-Dec 2014quarter. In the last 15 months,

Noida market remained stablewith 0-1 per cent change in theCity Index and the Listed Pricemonitor. This was primarily on theback of almost no change in theaverage capital values in the city.On the other hand, rental marketnoted a subdued trend. Over 65 per cent of the total localities inthe city noted a drop in rentalvalues between 1-7 per cent in thecurrent quarter.

The Mumbai City Index droppedby 1 per cent in the Oct-Dec 2014quarter as opposed to the previousquarter where it increased by 4 per cent. Rise in the averagecapital values between 0-7 per centand drop in supply by 6 per centkept the City Index positive by just1 per cent. With one fourth of totalsupply of the city, Kharghar inNavi Mumbai, Mira Road, AndheriWest and Kandivalli West in theWestern Suburbs and GhodbunderRoad in Thane were the mostactive residential destination inthe city.

Pune residential marketwitnessed a consistent rise of 1 per cent in the City Index valuequarter-over-quarter, in the pastone year. Over 45 per cent of thetotal demand for properties in thecity was concentrated in WestPune, followed by 29 per cent inEast Pune. Though high demandwas noted in West Pune, butmaximum supply was recorded inEast Pune.

Upto Rs 20 Lakh Rs 20-30 Lakh Rs 30-50 Lakh Rs 50-70 Lakh Rs 70-100 Lakh Rs 1-2 Crore Rs 2 Crore & Above

National - Consumer Budget Preference30%

25%

20%

15%

10%

5%

0%3%

9%

29%

21%15%

14%9%

TOP YIELD GROSSERS

Gross yield is a ratio of average annualrental value to the average capital valueof the property. Given below are the topyield-grossing localities in each city.

Locality Gross Yield

Bengaluru, Chandapura 5.42%Kolkata, Tollygunge 4.76%Hyderabad, Gachibowli 4.66%Chennai, Navalur 4.27%Pune, Mundhwa 4.04%Ahmedabad, Prahlad Nagar Extn 4.01%Delhi, Govindpuri 3.99%Ghaziabad, Shakti Khand 3 3.62%Mumbai, Kanjur Marg East 3.54%Noida, Sector-121 3.16%Gurgaon, Sector-69 2.59%

CAPITAL GAINS

The table given below indicates maximumincrease in capital values in each city.

Locality % Change

Kolkata, Ballygunge 9.65%

Bengaluru, Hennur Main Road 10.75%

Ahmedabad, Chandkheda 9.03%

Ghaziabad, Govindpuram 6.80%

Chennai, Adyar 6.70%

Mumbai, Vashi 6.65%

Pune, Mundhwa 8.91%

Hyderabad, Attapur 5.69%

Delhi, Model Town 6.16%

Noida, Sector-143 B 5.34%

Gurgaon, Sector-84 8.02%

Source:Magicbricks.com

Source:Magicbricks.com

Page 9: Bengaluru oct-dec-2014

PROPINDEX - BENGALURU

Foundation for growthBengaluru’s real estate market hingedon trends in infrastructure andcommercial developments through2014 and is set for growth, especiallyin the office space market in 2015.There is news of big ticketorganisations in the ecommerce spacelooking for large office spaces. Thereare also forecasts of expansion amongsome of the established companies.

The city is not land-locked and this is amajor factor in the realty dynamics. Theland rates in the suburbs are relativelylower and the emerging connectivitybrings them closer to the city’s coreareas. The plan to put in place aPeripheral Ring Road, beyond the OuterRing Road (ORR), promises to bring inmore land parcels into play. Theemerging connectivity is leading tomany once-distant suburbs turning intosought-after destinations. These beltsare value picks at this point in time.

The year 2014 was also significant asit offered the first indications of adowntrend in the interest rates. Lowerhome loan lending rates will bring inmore prospective home buyers. Thecooling in the inflation rate andmoderation in the growth rate havebeen pushing for an easier monetarypolicy from the Reserve Bank of India(RBI). The steps taken by the RBI in2014 to infuse more liquidity into thebanking system indicated the possibilityof a softer monetary policy ahead.

Some upward pressure on rentals,especially in the premium localities. Themarket for high-end homes opened upfurther. Huge potential in the affordablehousing space remains.

With the government announcingeasier norms for FDI in the constructionsector and offering benefits for thedevelopment of affordable housing,more supply of budget homes is on thecards. The new FDI policy is anothersignificant development of 2014. Itmakes it easier and more attractive forinvestors based abroad to participate inthe real estate market here.

These developments are good news forthe realty sector. The year 2014 sawthe development of a strong foundationon which the sector promises to growthrough the New Year.

[email protected] Times Property, Bengaluru

The Bangalore City Index showed a gradual rise, posting agrowth of 1 per cent in the Oct-Dec 2014 quarter. This was incontrast to the previous quarter where a drop of 1 per cent wasnoted. However, the Listed Price Monitor remained unchanged,indicating stable values.

l Close to 50 per cent localitiesregistered a rise in averagecapital values and increase inactive supply by 6 per cent whichkept the City Index value stable

l Whitefield in East, ElectronicCity in South and Hebbal inNorth offered maximum unitsfor sale in the current quarter

l Units of 1BHK witnessed a risein demand by 1-3 per cent.Maximum rise of 3 per cent wasnoted in north, east and west.The traditionally most demanded2BHK units recorded a drop indemand, except CentralBengaluru. On the other hand,supply remained almost stablewith a rise or drop of 1 per cent

l With the rise in demand for smallsize units, demand for affordablehousing has also gone up in thebudget range of Rs 20-40 lakhacross the city

l Demand for premium propertiesworth Rs 1 crore and Aboverecorded a drop of 1-3 per centacross regions except SouthBengaluru. Properties in the midsegment (Rs 60-100 lakh)witnessed a similar trend, where

demand dropped by 1-3 per centacross regions, except in CentralBengaluru

l Whitefield, Sarjapur Road andElectronic City remained themost preferred investmentdestinations across theresidential housing categories

l Kankapur Road, CV RamanNagar and Koramangalarecorded the maximum rise inaverage capital values by 15-16 per cent in the last one year

l Premium areas such asJayanagar, Lavelle Road andCambridge Layout recorded themaximum rise in average rentalvalues between 14-17 per cent inthe last one year

l The Yield Meter showed thatreturns are high on residentialinvestment in the South and EastBengaluru, followed by NorthBengaluru

l Demand for apartments in WestBengaluru witnessed anincreasing trend in the last threequarters. This, too, pushed upsupply for the same, resulting inoversupply by 12 per cent

Key Takeaways

E d i t o r i a l

BENGALURU 04VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

Source:Magicbricks.com

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Page 10: Bengaluru oct-dec-2014

l More than 50 per cent of the localities recorded arise in capital values in the Oct-Dec 2014 quarter.However, around 40 per cent of the tracked localitiesalso noted a drop in values, arresting the growth ofthe Listed Price Monitor

l Rise in capital values varied from 1-11 per cent withHennur Main Road recording the highest rise

l Marathahalli, Hebbal and Begur Road also recordeda steady growth of 6-7 per cent in capital values inthe current quarter

l Capital values witnessed a drop of 7-8 per cent inlocalities such as Hosur Road, Varthur and HSR Layout

L I S T ED PR I CE MON I TOR

Locality Average Rental Average Capital Gross Value (Rs/sqft/mth) Value (Rs/sqft) Yield

Bannerghatta Road 14.50 4,255 4.09%Koramangala 23.50 7,825 3.60%Whitefield 15.50 4,375 4.25%JP Nagar 16.25 4,530 4.30%Malleswaram 22.50 11,440 2.36%Hebbal 15.50 5,850 3.18%Sarjapur Road 17.50 4,550 4.62%HSR Layout 18.00 4,285 5.04%Marathahalli 17.00 4,345 4.70%Chandapura 12.25 2,710 5.42%

Y I E L D M E T E R

l As observed in the last few quarters, Bengalururecorded one of the highest yields in the country

l The Magicbricks yield meter clocked returns inthe range of 2.36-5.42 per cent in the Oct-Dec 2014quarter as compared to the 2.21-5.11 per centrecorded in the previous quarter

l Chandapura recorded the highest yield while HSR Layout recorded the second highest at 5.04 per cent. Falling capital values and stablerental values pushed up the yield in the locality

l A significant rise in capital values (7%) and a dropin rental values resulted in reduced yield forMarathahalli (4.70%)

RENT MON I TOR

l The rental market in the city remained robust withnearly 70 per cent of the tracked localities recordinga rise in values

l A rise of 1-8 per cent was noted in rental valuesacross localities. The Old Airport Road and JP Nagar recorded the highest rise of 8 per cent inthe quarter

l Other localities which recorded a considerable riseof 4-6 per cent included Electronic City, IndiraNagar, ITPL and Yelahanka

l Stable rents were noted across localities such asHSR Layout, Kanakpura Road, Malleswaram andBTM Layout. On the other hand, Marathahalli andWhitefield recorded falling values (-1 to -3%)

0%

BENGALURU05VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

Source:Magicbricks.com Source:Magicbricks.com

Source:Magicbricks.com

Page 11: Bengaluru oct-dec-2014

PREFERRED LOCALITIES

l IT driven locations continued to top the preferencecharts. The top three locations for sale wereWhitefield, Sarjapur Road and Electronic City inthat order, similar to the previous quarter

l Inspite of increased capital values, Marathahallisaw increased demand. It settled at number four ascompared to the sixth slot in the previous quarter

l Hebbal also moved up from number seven to thesixth slot in the current quarter

l HSR Layout and Bannerghatta Road saw a drop inbuyer interest. While HSR Layout moved down onespot to settle at number five, Bannerghatta Roadsettled at number seven as compared to the fifth spotit occupied in the last quarter

l Rajarajeshwari Nagar retained its place on the listas the eighth preferred locality for sale in the city

l Indira Nagar and Koramangala swapped places thisquarter to settle at number nine and ten,respectively

l For rented accommodation, buyer preference wasmore inclined towards the southern and centrallocalities over the IT hubs

l Koramangala and HSR Layout remained the top twolocalities, in that order, for rent

l Marathahalli improved its standing this quarter. Itmoved up two spots to settle at number three ascompared to the fifth spot in the last quarter

l While Indira Nagar dropped to number five,Whitefield retained its spot as the fourth preferredlocality for rent

l Bellandur, Electronic City and Sarjapur Roadretained their spots at number six, seven and eight,respectively. Rental values in these localities variedfrom Rs 12,500-20,000 per month

l JP Nagar moved up from the tenth spot it occupiedin the previous quarter to settle at number nine inthe current quarter. BTM Layout was a new entrantin the Oct-Dec 2014 quarter, at number ten

RENT

Note: Q3 Oct-Dec 2014,Q2 Jul-Sep 2014

Locality Rank Capital %ageQ3 Q2 Values change

Whitefield 1 1 3940 to 5160 -2%

Sarjapur Road 2 2 4040 to 5460 3%

Electronic city 3 3 2980 to 3910 0%

Marathahalli 4 6 3890 to 5170 7%

HSR Layout 5 4 3840 to 5090 -7%

Hebbal 6 7 5200 to 7020 6%

Bannerghatta Road 7 5 3770 to 5120 -4%

Rajarajeshwari Nagar 8 8 3510 to 4260 1%

Indira Nagar 9 10 6980 to 9070 -2%

Koramangala 10 9 7030 to 9260 0%

SALE

Note: Q3 Oct-Dec 2014,Q2 Jul-Sep 2014

Locality Rank Rental %ageQ3 Q2 Values change

Koramangala 1 2 21000 to 28000 3%

HSR Layout 2 1 16500 to 20500 0%

Marathahalli 3 5 15500 to 19500 -1%

Whitefield 4 4 14000 to 18000 -3%

Indira Nagar 5 3 19000 to 24500 4%

Bellandur 6 6 16000 to 20000 1%

Electronic city 7 7 12500 to 16000 4%

Sarjapur Road 8 8 16000 to 20000 3%

JP Nagar 9 10 15000 to 18500 8%

BTM Layout 10 15500 to 19500 0%

Devanahalli, Chikkabalapur, Hoskote, Anekal, Jigani

Home in your Budget

Upto Rs 20 Lakh

l Properties worth Rs 40-60 lakhwere available in Whitefield,Sarjapur Road, RajarajeshwariNagar, Abbigere and HSR Layout

l Properties worth Upto Rs 20lakh was in Devanahalli,Chikkabalapur, Hoskote, Jiganiand Bagaluru

l Indira Nagar, Koramangala,HRBR Layout and Yeshwantpursaw properties in the Rs 1 croreand Above category

Electronic City, Chandapura, KR Puram, Hosa Road Rs 20-40 Lakh

Whitefield, Sarjapur Road, Rajarajeshwari Nagar Rs 40-60 Lakh

Kanakapura Road, Bannerghatta Main Road, Yelahanka Rs 60-100 Lakh

Indira Nagar, Koramangala, Sahakar Nagar, Rajaji NagarRs 1 Crore & Above

BENGALURU 06VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.comSource:Magicbricks.com

Page 12: Bengaluru oct-dec-2014

Budget wise Analysis

l Almost equal demand of 30 per cent each was noted for theRs 40-60 lakh and Rs 60-100 lakhcategories. However, bothcategories saw a slight drop indemand in the current quarter

l Supply was almost equally dividedamong different budget rangesexcept in the Upto Rs 20 lakhcategory, where it was found to belowest. Demand for 2BHK unitswitnessed a slight rise of 3 per centin demand

DEMAND - S UPP LY ANALYS I SBengaluru recorded the lowest demand for apartments across cities. Both demand and supply inthe category remained unchanged in the Oct-Dec 2014 quarter as compared to the last quarter.Residential houses saw a healthy demand of 30 per cent even though supply lagged at 11 per cent.

Supply in the city was found to be almost evenly distributed across different budget ranges exceptin the Upto Rs 20 lakh category. As compared to the last quarter, both demand and supply indifferent budget ranges remained almost unchanged. The highest supply was noted for 3BHKunits, even though demand was concentrated for 2BHK units. A slight rise of 3 per cent was notedfor smaller 1BHK units.

Property wise Analysis

l Apartments remainedoversupplied in the market. Supplyat 66 per cent led demand by 19 per cent. While supply wasstable in the last six month,demand dropped slightly by 1 per cent

l A marginal rise of 3 per cent wasnoted in the demand for residentialhouses. It grew from 26 per cent inthe last quarter to 29 per cent inthe current quarter. However,supply fell short by 18 per cent

BHK wise Analysis - City Level

l As observed in the last quarter2BHK units remained the preferredconfiguration in the Oct-Dec 2014quarter with 55 per cent demand.Supply lagged demand by 8 per cent at 47 per cent

l Units of 3BHK recorded the secondhighest demand and supply. Whiledemand settled at 31 per cent,supply stood at 40 per cent. Anoversupply of 6 per cent was notedfor the 4BHK and Above category

40

30

20

10

0<20 20-40 40-60 60-100 100 &

above

2Figures in percentage(%)

Figures in Rs lakh

3

1821

31 30 31 29

18 17

(Jul-Sep 2014)(Oct-Dec 2014)

Budget wise Analysis - City Level

DEMAND

40

30

20

10

0<20 20-40 40-60 60-100 100 &

above

9

Figures in percentage(%)

Figures in Rs lakh

10

23 23 26 2420 21 22 22

(Jul-Sep 2014)(Oct-Dec 2014)

SUPPLY

BHK Configuration - City Level

60

50

40

30

20

10

0

710

57 55

33 31

3 4

(Jul-Sep 2014)(Oct-Dec 2014)

Figures in percentage(%)

1BHK 2BHK 3BHK 4BHK &above

DEMAND SUPPLY60

50

40

30

20

10

02 3

48 4740 40

10 10

(Jul-Sep 2014)(Oct-Dec 2014)

Figures in percentage(%)

1BHK 2BHK 3BHK 4BHK &above

Property wise Analysis - City Level

80

60

40

20

0

48 47

26 29 26 24

(Jul-Sep 2014)(Oct-Dec 2014)

Figures in percentage(%)

Apartment Residential House Residential Plot

DEMAND80

60

40

20

0

66 66

11 11

23 23

(Jul-Sep 2014)(Oct-Dec 2014)

Figures in percentage(%)

Apartment Residential House Residential Plot

SUPPLY

BENGALURU07VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

Source:Magicbricks.comSource:Magicbricks.com

Source:Magicbricks.com

Page 13: Bengaluru oct-dec-2014

BHK wise Analysis

Budget wise Analysis

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY

Budget wise Analysis

l The Rs 40-60 lakh recorded the highest demand at 30 per cent. Thiswas a slight rise of 1 per cent from the previous quarter. Supply inthe category witnessed a drop of 3 per cent to settle at 25 per cent

l Demand was also high for properties in the Rs 60-100 lakh rangewith 28 per cent buyer interest. Supply, however, was lower by 10 per cent and stood at 18 per cent

l As observed in the last quarter, properties priced over Rs 1 crorewere oversupplied. Supply in the segment led demand by 6 per centto settle at 17 per cent. Affordable properties (Upto Rs 20 lakh) werealso oversupplied by 20 per cent

DEMAND SUPPLY

DEMAND & SUPPLY - South Bengaluru

In the Oct-Dec 2014 quarter, the south part of the city remained fairly stable with respectto demand and supply. The 2BHK category remained the preferred and the most suppliedcategory in the zone. Nearly 60 per cent of the total demand was found in the Rs 40-100lakh category while maximum supply (55%) was for properties priced at Rs 20-60 lakh.

Apartments were the most preferred category in the zone. However, both houses as well asplots noted a healthy demand. Supply in both the categories remained lower than theexisting demand.

Property wise Analysis

l An oversupply of 25 per cent was noted for apartments in SouthBengaluru. Both demand and supply in the segment witnessed adrop of 2 per cent in the current quarter. While demand settled at 47 per cent, supply stood at 72 per cent

l Residential houses saw a rise in demand as well as supply. Ascompared to the last quarter, demand moved up from 26 to 29 per cent while supply inched up from 9 to 11 per cent

l Plotted development did not see much fluctuation in demand andsupply this quarter. While demand stood at 24 per cent, supplylagged demand with 7 per cent, short at 17 per cent

BHK wise Analysis

l The 2BHK category continued to be the most preferredconfiguration in South Bengaluru. While demand stood unchangedat 55 per cent since the last six months, supply dropped marginallyby 2 per cent to settle at 49 per cent

l Demand for 3BHK units dropped slightly by 2 per cent to settle at 33 per cent. Supply led demand by 6 per cent. It remained unchangedat 39 per cent since the last quarter

l Low demand and supply was noted for 1 and 4BHK and Abovecategories. These together formed 12 per cent of the total demandand total supply

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY

Property wise Analysis

Q2 Q3

2120

29 30

30 28

19 19Q2 Q3

10

28

28

19

17

18

25

30

9

16

Q2 Q3

49 47

Q2 Q3

749

7211

Q2 Q3

5555

3335

Q2 Q3

4951

39 398

7

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Apartment

Residential house

Residential plot

26

25 24

29

17 17

7

9

BENGALURU 08VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.com

Page 14: Bengaluru oct-dec-2014

BHK wise Analysis

Budget wise Analysis

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY

Budget wise Analysis

l The Rs 20-40 lakh category witnessed a rise in demand in thecurrent quarter. It moved up from 16 per cent in the Jul-Sep 2014quarter to 21 per cent in the Oct-Dec 2014 quarter. Supply stoodunchanged at 17 per cent

l Almost equal demand was noted for properties priced at Rs 40-60 lakh and Rs 60-100 lakh. Both recorded a demand of 28-29 per cent. While it was a rise of 1 per cent for the Rs 40-60 lakhcategory, the Rs 60-100 lakh range recorded a drop of 5 per cent

l Maximum demand was noted for premium properties priced aboveRs 1 crore. Supply stood at 29 per cent while demand lagged by 11 per cent

DEMAND SUPPLY

DEMAND & SUPPLY - North Bengaluru

Market supply was seen to be tilted towards premium properties even though buyerpreference was clearly towards mid-segment units. The zone recorded maximum supply ofproperties priced above Rs 1 crore while demand was for properties priced between Rs 40 lakh and Rs 1 crore.

The zone recorded the highest supply of plots at 40 per cent, giving stiff competition toapartments, the conventional choice. Demand was still higher for apartments by 10 per cent. With a combined demand of 83 per cent, 2 and 3BHK units formed the bulk.

Property wise Analysis

l Apartments were found to be oversupplied in the market with 50 per cent supply and 39 per cent demand. While demand inched upby 1 per cent, supply witnessed a drop of 2 per cent

l Plots were the second most supplied category with 40 per centmarket share. This was a rise of 3 per cent from the last quarter.Demand, on the other hand, recorded a drop of 3 per cent to settle at30 per cent

l Houses also registered a demand of 31 per cent, 3 per cent up fromthe last quarter. However, supply was much lower at 10 per cent, adrop of 1 per cent from the Jul-Sep 2014 quarter

BHK wise Analysis

l The 2BHK category remained the most demanded configuration inNorth Bengaluru forming 55 per cent of the total demand in thezone in the current quarter

l Almost equal supply was registered for 2 and 3BHK units (41-42%).This was similar to the trend noted in the last quarter as well, wherethe two categories formed nearly 85 per cent of the total supply

l The 4BHK and Above category was oversupplied by 10 per cent withdemand settling at a modest 5 per cent while supply stood at 15 per cent. Demand for 1BHK units saw a rise of3 per cent to settleat 9 per cent while supply lagged by 7 per cent

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY

Property wise Analysis

Q2 Q3

1621

20

30

2833

28

18Q2 Q3

17

14

17

21

22

18

21

30 29

11

38 39

Q2 Q3

52 50

Q2 Q3

11 10

Q2 Q3

56 55

34 31

Q2 Q3

42 42

41

1514

42

6

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Apartment

Residential house

Residential plot

34 30 37 40

28 31

9

BENGALURU09VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.com

Page 15: Bengaluru oct-dec-2014

BHK wise Analysis

Budget wise Analysis

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY

Budget wise Analysis

l Mid-segment properties priced at Rs 20-60 lakh witnessed a rise indemand in the Oct-Dec 2014 quarter. A rise of 17 per cent was notedin demand which settled at 46 per cent in the current quarter

l While supply for properties in the Rs 40-60 lakh remained stable at23 per cent, it witnessed a rise of 10 per cent for properties priced atRs 20-40 lakh

l Premium properties priced above Rs 1 crore witnessed a significantdrop in demand as well as supply. While demand dropped by 17 per cent to settle at 23 per cent while supply fell by 18 per centsettle at 34 per cent

DEMAND SUPPLY

DEMAND & SUPPLY - Central Bengaluru

Central Bengaluru witnessed a drop in preference for premium properties. Buyer demandshifted towards mid-segment properties. Demand in the Rs 20-40 lakh category has almostdoubled over the last quarter. Premium properties saw a drop of 17-18 per cent in demandand supply. The 2BHK units saw a rise in demand and supply as buyers shifted their focusto affordable properties, resulting in a decline in demand and supply for 3BHK units.

Apartments remained the most preferred and supplied category registering the highestsupply and buyer demand across different zones.

Property wise Analysis

l Central Bangalore recorded the highest demand and supply forapartments in the city. At 73 per cent, demand recorded a slight dipin demand in the current quarter while supply stood stable at 79 per cent

l Both demand and supply for residential houses remained almostunchanged since the last six month with limited fluctuations noted.While demand settled at 13 per cent, supply lagged at 9 per cent

l A marginal rise of 1 per cent was noted in the demand and supply ofplotted developments in the current quarter. Demand in thecategory was 14 per cent while was 2 per cent lower at 12 per cent

BHK wise Analysis

l A considerable rise was noted in demand as well as supply of 2BHKunits in the current quarter. While demand grew by 6 per cent tosettle at 54 percent, supply stood at 43 per cent, a whopping rise of 13 per cent from the last quarter

l Rise in demand for 2BHK units was reflected in a drop in the 3BHKcategory. Demand dropped from 40 to 33 per cent in the currentquarter while supply settled at 44 per cent, 5 per cent lower than thelast quarter

l An oversupply was noted for larger units. The 4BHK and Abovecategory was oversupplied by 7 per cent as observed in the quarter

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)1 BHK

2 BHK

3 BHK

4 BHK & above

Q2 Q3

168

21

2830

29

41 23Q2 Q3

23

21

3452

23

Q2 Q3

48 54

40 338Q2 Q3

4944

30

19

43

11

DEMAND SUPPLY

Property wise Analysis

Q2 Q3

74 73

Q2 Q3

79

10

79

9 Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Apartment

Residential house

Residential plot

13

13 14

13

11 12

8

7

14

17

9

BENGALURU 10VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.com

Page 16: Bengaluru oct-dec-2014

BHK wise Analysis

Budget wise Analysis

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY

Budget wise Analysis

l Demand witnessed a rise of 4 per cent for properties priced at Rs 20-40 lakh. However, supply in the segment recorded aconsiderable drop of 7 per cent to settle at 19 per cent

l Supply of properties priced at Rs 40-60 lakh saw a rise in the currentquarter. It moved up by almost 5 per cent to settle at 30 per cent.Demand kept pace at 16 per cent

l An oversupply of 9 per cent was noted for properties priced aboveRs 1 crore. While supply in the segment rose by 6 per cent to settle at27 per cent, demand dropped by 3 per cent to settle at 18 per cent

DEMAND SUPPLY

DEMAND & SUPPLY - West Bengaluru

As opposed to the last quarter, where plots were the most preferred category, demandshifted towards apartments in the current quarter. Supply also followed a similar trendwith a rise noted in the supply of apartments while the same dropped for plots, from 56 to 39 per cent.

Premium and large sized properties were in supply in the market. More than 50 per centsupply was concentrated for 3 and 4BHK units while demand was much lower at 32 per cent, corroborating the oversupply noted for properties priced above Rs 1 crore.

Property wise Analysis

l At 37 per cent demand, apartments were the most preferredproperty type in West Bengaluru. A rise of 6 per cent was noted indemand in the Oct-Dec 2014 quarter. Supply also witnessed asignificant rise of 17 per cent to settle at 49 per cent

l Demand for residential houses moved up by 4 per cent to settle at 34 per cent while supply in the segment was 12 per cent

l Plots witnessed a drop in both demand as well as supply in the Oct-Dec 2014 quarter. While demand dropped by 10 per cent to 29 per cent, supply was 36 per cent, 17 per cent lower than in theprevious quarter

BHK wise Analysis

l The 2BHK category recorded the highest demand in the zone with 60 per cent buyer interest. While demand dropped by 3 per cent,supply moved up by 4 per cent to settle at 44 per cent

l More than 10 per cent oversupply was noted for 3BHK units.Demand in the category remained almost unchanged at 28 per centwhile supply stood at 39 per cent

l A similar trend was noted for the 4BHK and Above category as well.Supply in the segment led demand by 10 per cent. While demand waslow at 4 per cent, supply stood at 14 per cent. Both demand andsupply for 1BHK units remained low

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY

Q2 Q3

17 21

28 27

32

21 18Q2 Q3

26

19

21

17

16

20

27

15

30

9

Q2 Q3

63 60

29 28

Q2 Q3

41

4441

39

14

DEMAND SUPPLY

Property wise Analysis

3137

Q2 Q3

32

49

Q2 Q3

12

12

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Apartment

Residential house

Residential plot

39 29 56 39

3034

31

16

8

BENGALURU11VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.com

Page 17: Bengaluru oct-dec-2014

BHK wise Analysis

Budget wise Analysis

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60 lakh-1 crore

Rs1 crore and above

DEMAND SUPPLY

Budget wise Analysis

l Maximum demand was noted for properties priced at Rs 40-60 lakh.Demand in the category stood at 32 per cent while supply lagged by10 per cent at 22 per cent

l The Rs 60-100 lakh range also noted a healthy demand of 30 per centin the current quarter. Supply in the segment dropped by 3 per centto settle at 26 per cent. Demand met supply at 22 per cent forproperties priced at Rs 20-40 lakh

l An oversupply of 7 per cent was noted for premium propertiespriced at Rs 1 crore and Above. While demand dropped by 3 per centin the segment, supply stood unchanged at 21 per cent

DEMAND SUPPLY

DEMAND & SUPPLY - East Bengaluru

Almost 75 per cent of the total supply in the market was concentrated for apartments eventhough demand lagged at 54 per cent. It was the only category to be oversupplied. Theother two categories were under supplied. Buyer preference improved for propertiespriced at Rs 20-40 lakh while it dropped for the premium segment.

Buyer preferences for different BHK configurations remained unchanged since the lastquarter. The 2BHK category remained the most preferred with 56 per cent demand.Limited supply was noted for 1BHK units, witnessing moderate demand of 11 per cent.

Property wise Analysis

l Both demand and supply for apartments stood almost unchangedsince the last quarter. It was the most preferred as well as suppliedcategory. Demand stood at 54 per cent while supply was at 74 per cent

l Demand rose marginally for residential houses. As compared to the25 per cent demand noted in the last quarter, it inched up to 27 per cent this quarter. Supply was lower at 12 per cent

l Plotted development saw a slight drop in demand in the currentquarter. While demand stood at 19 per cent, supply lagged by 5 per cent at 14 per cent. This was a rise of 1 per cent from theprevious quarter

BHK wise Analysis

l The 2BHK units continued to be the most preferred configuration inthe Oct-Dec 2014 quarter. Demand settled at 56 per cent while supplystood at 49 per cent, the highest among all categories

l Both demand and supply for 3BHK units recorded a drop in thecurrent quarter. While demand in the segment dropped by 2 per centto settle at 29 per cent, supply dropped by 1 per cent to settle at 39 per cent

l Supply of smaller units (1BHK) lagged demand by 8 per cent.Demand in the category moved up by 3 per cent in the currentquarter. Larger formats were oversupplied in the zone

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY

Property wise Analysis

Q2 Q3

2218

33 32

31 30

16 13Q2 Q3

2223

29 26

22 23

21 21

54 54

Q2 Q321 19

75 74

Q2 Q313 14

12 12

Q2 Q3

57 56

31 29

8 11

Q2 Q3

39

48 49

4010 9

Q2 (Jul-Sep 2014)Q3 (Oct-Dec 2014)Apartment

Residential house

Residential plot

25 27

8

BENGALURU 12VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.com

Source:Magicbricks.com

Page 18: Bengaluru oct-dec-2014

CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Banashankari 4330 to 6000

Banaswadi 3830 to 4860

Bannerghatta Main Road 3770 to 5120

Begur Road 3240 to 4140

Bellandur 4200 to 5660

Bommanahalli 3650 to 4340

Brookefield 5050 to 6170

BTM Layout 4780 to 5940

Chandapura 2450 to 3170

CV Raman Nagar 4020 to 5650

Doddathoguru 2360 to 3070

Electronic City 2980 to 3910

Frazer Town 6020 to 7670

Gottigere 3310 to 4140

Harlur Road 4520 to 6030

HBR Layout 3650 to 4560

Hebbal 5200 to 7020

Hennur 3860 to 5210

Hennur Main Road 4390 to 5510

Hoodi 3670 to 4710

Hoodi Circle 2920 to 3960

Horamavu Agara 3590 to 4430

Hormavu 3550 to 4360

Hosa Road 2890 to 3730

Hosur Road 3620 to 4840

HSR Layout 3840 to 5090

Indira Nagar 6980 to 9070

ITPL 3800 to 4870

Jakkur 4180 to 5200

Jalahalli 3900 to 5150

JP Nagar 4080 to 5340

JP Nagar Phase 7 4480 to 5880

Kadugodi 3370 to 4050

Kaggadasapura 3500 to 4400

Kalyan Nagar 3450 to 4310

Kanakapura Road 4200 to 5540

Kengeri 3170 to 3920

Koramangala 7030 to 9260

KR Puram 3210 to 4020

Kudlu 3900 to 5130

Kundalahalli 3320 to 4410

Magadi Road 3450 to 4240

Mahadevapura 4160 to 5190

Malleshwaram 10280 to 13520

Marathahalli 3890 to 5170

Mysore Road 3560 to 4360

Nagarbhavi 3690 to 4590

Nagavara 4050 to 5220

Old Airport Road 4550 to 5790

Old Madras Road 4050 to 4990

Outer Ring Road 5250 to 6960

Panathur 3250 to 4390

Rajaji Nagar 9920 to 13200

Rajarajeshwari Nagar 3510 to 4260

Ramamurthi Nagar 3410 to 4220

RT Nagar 4010 to 5390

Sahakar Nagar 4860 to 6150

Sanjay Nagar 5280 to 6730

Sarjapur 2860 to 3880

Sarjapur Road 4040 to 5460

Silk Board 2380 to 3220

Singasandra 3340 to 4280

Surjapura 3100 to 4120

Thambuchetty Palya 3410 to 4300

Thanisandra 3910 to 5220

Uttarahalli 3290 to 3960

Varthur 3130 to 4010

Vidyaranyapura 3180 to 4060

Whitefield 3940 to 5160

Yelahanka 4010 to 5230

Yeshwantpur 6540 to 8170

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

BENGALURU

BENGALURU13VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com

Page 19: Bengaluru oct-dec-2014
Page 20: Bengaluru oct-dec-2014
Page 21: Bengaluru oct-dec-2014

D I S C L A I M E REvery effort has been made to make this Index as complete and as accurate as possible. MagicBricksaccepts no responsibility for inaccuracies in the information/data contained in this book. It shall haveneither liability nor responsibility to any person or entity with respect to any loss or damage caused, oralleged to have been caused, directly or indirectly, by the information contained in this book. Theinformation/data in this book is subject to change from time to time due to market condition.

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PROPINDEX TEAMl Content & Research: E Jayashree Kurup, Dipti Tandon, Subodh Kumar, Rishab Jain,Sruthi Kailas, Ankit Sharma, Bhawna Mongia,Renu Arya, Aradhana Mozumdar, Girish Bindal,Neha Nagpal, Puneet Kukreja & Bikash Kumar.

l Layout Design: Harsha Khattar

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VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com

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