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The year 2013 has been a topsy-turvy ride for the housing sector. Sentiments haveremained subdued in the recent months. However, our latest HSI report indicates earlysigns of a bump-up in the buyer sentiment. While it is still early days to conjecturewhether this will translate into a strong buying cycle, the trend will nevertheless comeas a welcome relief to the industry.

Property markets remained slow in the quarter. But we bring you PropIndex with a hostof positive findings.

Key Findings

lResidential properties worth between Rs 30-50 lakh continued to see maximumdemand.

lConsumer demand for premium villas/independent houses worth Rs 2 crore andabove topped in Bangalore and Gurgaon.

lDelay in projects has pushed demand for ready-to-move-in projects significantly. Thisis primarily due to increasing pressure of EMI plus rental values.

lResale projects have become significantly more affordable as slow transaction rate haswidened the gap between resale and new property prices.

lThere is active search indicating intense interest among buyers. As soon as sentimentschange, probably after the upcoming general elections in 2014, buyers will be readywith information and there may be quick turn around of sales.

lConsumer demand for residential plots topped in Chennai and Bangalore. Close to 50 per cent demand for residential plots was for properties worth upto Rs 30 lakh.

lIn the latest quarter, Oct-Dec 2013, the NPI showed no change in comparison to a 4 per cent rise in the Jul-Sep 2013 quarter. Cautious approach among property seekersand controlled supply by local as well as national developers has held the growth of theNational Property Index (NPI).

lThe Listed Price Monitor, which largely shows capital appreciation/drop within alocality ranged between minus 1 per cent to plus 5 per cent.

We have been publishing PropIndex for close to three years now. Over this period, we’veaccumulated a wealth of data/analytics on price/locality trends and marketperformance. We get our kicks if all of this helps you in making better informedproperty decisions. Do write in at [email protected] and share your views onthis report and how we could make PropIndex even better.

FOREWORD

Sudhir PaiBusiness Head, Magicbricks.com

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 600,000 active propertiesposted by more than1,50,000 active users in300 cities and 10,000localities. Our usersinclude owners, agentsand developers.

Methodology

Apartment values arebased on listings onMagicbricks. Theseinclude multistoreyapartments 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

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 2013quarter from different perspectives – from that of capital appreciation, from a rental/yield realisationperspective and from a supply standpoint. Also, Demand Analysis section, 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 Jul-Sep 2013 and Oct-Dec 2013 quarters.

7. Realty News – Property market performance is also dependent on drivers outside the purview of buyingand selling. There are broadly four key drivers that determine the prospects of real estate – infrastructuresuch as water and power, transport links creating new growth corridors, policy such as rental laws, propertytax, etc and return on investment. PropIndex also focuses on news bytes that impact future prospects of real estate in the city.

GLOSSARY & DEFINITIONS

OCT-DEC 2013

Cautious approach by propertyseekers and controlled supply bylocal and national developers heldthe growth of the NationalProperty Index (NPI). In the Oct-Dec 2013 quarter, the NPIshowed no change in comparisonto a 4 per cent rise in the Jul-Sep 2013 quarter.

NPI is a weighted average ofsupply and values across 11 citiesin India. In the last quarter, thecity index value remained intactwithin the range of minus 4 per cent to plus 5 per cent.

Of the 11 cities in the apartmentindex, five cites saw a rise of 1-5 per cent (Chennai, Mumbai,Pune, Ghaziabad and Noida), four registered a drop between 1-4 per cent (Bangalore, Delhi,Gurgaon and Ahmedabad) andtwo witnessed stable index values(Hyderabad and Kolkata).

Chennai registered the maximumrise of 5 per cent in the city index.It was followed by Mumbai, Pune

and Ghaziabad with 2 per centrise each. Noida registered thelowest rise of 1 per cent.

Bangalore registered the steepestfall of 4 per cent. This wasfollowed by Delhi and Gurgaonwith 2 per cent each. Ahmedabadregistered a drop of 1 per cent.

The Listed Price Monitor, whichlargely shows the capitalappreciation/drop within alocality, ranges between minus 1 per cent to plus 5 per cent.

Mumbai listed price monitorregistered the maximum rise with5 per cent primarily on account ofpremium localities where valuesremained steady and up. This wasfollowed by Ghaziabad and Punewith 3 and 2 per cent riserespectively.

Hyderabad and Bangalore in the South and Ahmedabad in theWest registered a small drop of 1 per cent. Delhi and Gurgaonshowed no change.

Housing value upto Rs 50 lakhcontinued to see maximum supply

in Chennai, Kolkata andHyderabad. However, lowestsupply was registered in Gurgaon,Mumbai and Delhi.

Properties worth over Rs 1.5 crorecomprises 18 per cent of totalsupply of apartments in the 11 cities.

n Slow transactions widenedthe gap between resale andnew property prices

n Delay in projects pusheddemand for ready-to-move-inprojects significantly.

n Upcoming general electionsin 2014 lowered the rate ofinflow of funds.

n Demand for premiumproperty worth Rs 2 croreand above tops in Bangaloreand Gurgaon.

IN THIS REPORT:

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

Delhi.........................................4

Gurgaon...................................13

Noida & Ghaziabad................... 24

Mumbai....................................36

Pune........................................47

Ahmedabad..............................56

Kolkata...........,........................ 61

Chennai....................................70

Hyderabad................................79

Bangalore.................................89

Annexures.................................99

NATIONAL PROPERTY INDEX (NPI)

VOL 3, ISSUE 3; OCT-DEC, FY 2013-14

OCT-DEC 2013

propindex.magicbricks.com

NATIONAL PROPERTY INDEX

l Slow transaction rate haswidened the gap between resaleand new property prices.

l Weak consumer sentiments onthe back of slow economicgrowth and consistent rise ininterest rates by RBI and delayin projects pushed demand forready-to-move-in projectssignificantly.

l Residential properties worth Rs 30-50 lakh was in maximumdemand.

l Consumer demand for premiumvillas/independent housesworth Rs 2 crore and abovetopped in Bangalore andGurgaon.

l Close to 50 per cent demand forresidential plots was forproperties worth upto Rs 30 lakh

l Chennai and Bangaloreaccounted for over 55 per centdemand for residential plotsacross 11 cities.

l Upcoming general elections in2014 have lowered the rate ofreal estate investment in thecountry.

Ahmedabad City Index as well asthe listed price monitor registereda drop of 1 per cent in the

Oct-Dec 2013 quarter. This isprimarily on the back of slowtransactions and new launches in the city. A small rise of 1-4 per cent in close to 40 per centof total localities, held the free fallof the listed price monitor.

The Delhi City Index dropped by2 per cent during the Oct-Dec 2013quarter as compared to a rise of 4 per cent in the previous quarter.Slow development rate, mainly inthe redevelopment of existingproperties, coupled with a smallrise in merely 38 per cent of thelocalities led to a drop in the cityindex. Rental market tooremained subdued with over 50 per cent localities registering adrop in average rental values.

The market performance was slowin the Oct-Dec 2013 quarter, withbuyers skeptical about investingbefore the general elections 2014.While the number of enquiresremained stable, actualtransactions went down. Thispushed the Gurgaon City Indexdownwards by 2 per cent. Over 60 per cent of localities registeredeither a drop or remainedunchanged, keeping the listedprice monitor stable.

Noida City Index and the listedprice monitor moved up by 1 per cent during the Oct-Dec 2013quarter. Project delays and

negative consumer sentiments hitthe Noida realty market towardsthe middle of the year. Thissituation improved slightly as theyear drew to a close. Newdeveloping Sectors 74-78 have beentrading well in terms ofresidential demand and capitalappreciation. This kept the indexvalue intact primarily due toproximity to developed Sectors 50and 51 and comparativelyaffordable values.

The residential market inGhaziabad witnessed a rise of 2 per cent in the City Index and 3 per cent in the listed pricemonitor. Rise in average capitalvalues in over 80 per cent of thelocalities tracked in the city, keptthe values positive. Propertiesboth in the affordable range of

Locality RankQ2 Q1

Mumbai 1 1

Bangalore 2 2

Pune 3 3

New Delhi 4 4

Chennai 5 6

Hyderabad 6 8

Kolkata 7 5

Gurgaon 8 7

Noida 9 9

Ghaziabad 10 10

Preferred Localities - Sale

Note: Q3 Oct-Dec 2013, Q2 Jul-Sep 2013

Preferred Localities - Rent

Locality RankQ2 Q1

Mumbai 1 1

Bangalore 2 2

Pune 3 4

New Delhi 4 3

Chennai 5 5

Gurgaon 6 6

Hyderabad 7 7

Kolkata 8 8

Noida 9 9

Ahmedabad 10 10Note: Q3 Oct-Dec 2013, Q2 Jul-Sep 2013

propindex.magicbricks.com VOL3, ISSUE 3; OCT-DEC, FY 2013-1402

Rs 20-40 lakh and Rs 40-70 lakhremained high. Demand remainedstrong, over 70 per cent, for multi-storey apartments.

Underlying demand for residentialproperties remained robust eventhough actual transactions were atan all-time low. Thus, there was noprice correction inspite of unsoldinventory. This resulted in a rise of2 per cent in Mumbai City Index.With rise in 53 per cent of the totallocalities and no new launches, the listed price monitor rose by 5 per cent.

The Pune residential marketconsistently performed quarter-over-quarter. In the Oct-Dec 2013quarter, the City Index as well asthe listed price monitor rose by 2 per cent. This was due to robustdemand for properties along the ITcorridor in areas such as Wakadand Baner in the West andKharadi, Viman Nagar andMagarpatta in East Pune.

The new amendment in theIncome Tax Act adversely affectedthe market, especially where theregistry value of the flats wasmore than the actual transactionvalue. This resulted in a drop inthe number of transactions inthese locations and resulted in nochange in the Kolkata City Indexvalue in the Oct-Dec 2013 quarter.

The Chennai City Index rose by 5 per cent in the Oct-Dec 2013

quarter. With a few notableexceptions, 70 per cent of themicro markets reported amarginal change in propertyvalues. This impacted the overallListed Price Monitor, recording arise of just 1 per cent. In the rentalmarket, an equal number of micromarkets registered a rise and dropin average prices.

With the unresolved Teleganaagitation, prices in Hyderabadhave not grown significantly. Thiskept the city index as well as thelisted price monitor intact. In theOct-Dec 2013 quarter, theHyderabad City Index remainedunchanged and the Listed Pricemonitor moved up by 1 per cent.

Unlike the previous quarter, theBangalore City Index dropped by4 per cent in the Oct-Dec 2013quarter. With a major portion oflocalities reporting a steadymarket with little change inproperty values, the overall ListedPrice Monitor for Bangaloreregistered a drop of 1 per cent.

Slow economic growth, risinginterest rates by the RBI, coupledwith delay in projects hasincreased the burden on propertybuyers. They also have to bear theexpenses of increased EMI as wellas rental values. This has pushedthe demand for ready-to-move-inapartments over under-construction property in thecurrent Oct-Dec 2013 quarter.

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 Preference

30%

25%

20%

15%

10%

5%

0%

15% 15%

23%

14% 13% 12%8%

TOP Y IELD 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

Bangalore, Marathahalli 5.11%

Kolkata, Narendrapur 4.67%

Hyderabad, Nizampet 4.48%

Chennai, OMR 3.81%

Ahmedabad, Vejalpur 3.78%

Mumbai, Parel 3.45%

Noida, Sector-92 3.28%

Pune, Viman Nagar 3.07%

Ghaziabad, Indirapuram 2.93%

Delhi, Malviya Nagar 2.56%

Gurgaon, Sushant Lok-I 2.49%

CAPITAL GAINS

The table given below indicatesmaximum increase in capital values ineach city.

Locality % Change

Chennai, Thiruvanmiyur 12.14%

Hyderabad, Dilsukhnagar 9.80%

Kolkata, New Alipore 9.13%

Pune, Sopan Baug 8.81%

Bangalore, Varthur 7.33%

Mumbai, Andheri West 6.66%

Delhi, Hauz Khas 5.73%

Ghaziabad, Lal Kuan 5.56%

Ahmedabad, Vaishnu Devi 5.08%

Gurgaon, Sector-82 5.00%

Noida, Sector-82 4.56%

propindex.magicbricks.comVOL3, ISSUE 3; OCT-DEC, FY 2013-1403

PROPINDEX - GURGAON Inspite of high property values, endusers continued to scout for theirdesired property in the city. Hugecorporate base and a large number ofproperty options across budget rangesarrested any free-fall in propertyvalues. Slow transaction rate, on theback of upcoming elections, kept theinvestors at an arms length. This put a stop to any further price rise.

High property values with nosignificant drop witnessed a spillovereffect of demand in the new anddeveloping areas of the city.Consistent rise in property values inthe New Developing areas, Sectors80-95, has led to an increase in theproperty seekers interest. This wasprimarily because of low base priceand good connectivity to the NH-8.

Proximity to the Manesar Industrialhub too, acted as a growth catalyst.The region witnessed close to 70 per cent demand for properties inthe Upto Rs 1 crore budget with thehighest demand for 3BHK apartments.

Sohna Road continues to be the mostpreferred locality, owing to availabilityof both ready-to-move-in as well asunder-construction properties.

Demand for properties along theDwarka Expressway has witnessed a drop in the preference chart due tothe slow pace of construction of thehighway, inadequate socialinfrastructure facilities and thelitigation issues which hampered thegrowth of the corridor.

Starting of another important transportRapid Rail has been well received bythe market and has seen increaseduser interest in the rental market ofDLF City Phase II and III. Values areexpected to increase in the comingquarters.

The luxury market remainedunaffected in the Oct-Dec 2013quarter. Demand for properties worthRs 2 crore and above rose marginally.However, a drop in supply wasregistered in the last three months incomparison to the previous Jul-Sep 2013 quarter.

The trends indicate that the market isgiving opportunity to serious propertybuyers to negotiate with sellers andstrike a good deal. The city itself is thebiggest economic driver in the NCR,so the demand for the area willcontinue to exist.

Gurgaon’s City Index dropped by 2 per cent in the currentquarter, as compared to a rise of 2 and 4 per cent in Jul-Sep 2013and Apr-Jun 2013, respectively. This indicated a quarter-on-quarter weakening performance of the market. The listed pricemonitor and the NPI remained unchanged in Oct-Dec 2013.

l The market performance wasslow in the Oct-Dec 2013 quarter,with buyers skeptical aboutinvesting before the generalelections 2014. While the numberof enquires remained stable,actual transactions went down.

l Dwarka Expressway and Sector 92 recorded maximumappreciation of 56 per cent,during the last two years.Availability of land banks androbust construction activitiespushed capital values here.

l Proximity to the Sohna Roadand the Huda City Centrepushed demand and propertyvalues in Sectors 47 and 51, by 27-34 per cent in last one year,the highest in the city.

l Sector 82 witnessed a consistentrise in property values. End-users preferred the area for itsproximity to the Delhi-GurgaonExpressway.

l Due to the Rapid Rail, flagged offin Nov 2013, DLF City Phase IIand III received increased end-user interest. Sushant Lok too,registered a rise of 7-9 per centin rental values.

l Located close to the Gurgaon-Faridabad Highway, DLF CityPhase I came across as a crimeprone locality and thus,recorded the maximum drop of11 per cent in rental values.

l Properties worth Rs 1-2 crorewitnessed maximum demandand supply, especially on SohnaRoad and Palam Vihar.

l Luxury properties, valuing morethan Rs 2 crore, were mostsought and supplied on the GolfCourse Extension Road. Sectors67 and 72 witnessed maximumsupply of these units.

l While multi-storey apartmentswere the most preferred acrosszones, Old and New Gurgaonwitnessed a healthy demand forresidential plots as well. DLFCity Phase I, II, III and IV andSushant Lok I witnessedmaximum supply of plots.

l Supply of 3BHK unitsadequately met demand.However, supply of 2BHK unitsfell short by 12 per cent, withmaximum gap recorded in OldGurgaon in the current Oct-Dec 2013 quarter.

Key Takeaways

E d i t o r i a l

propindex.magicbricks.comVOL3, ISSUE 3; OCT-DEC, FY 2013-1413 GURGAON

l Capital values rose in 39 per cent of the localities, ascompared to 43 per cent in Jul-Sep 2013, indicating aslow movement in the Gurgaon market.

l Almost 50 per cent of these localities were situatedin New Gurgaon. Sectors 39 and 54 registered thehighest appreciation of 5-9 per cent.

l Sector 82, a New Developing Sector, registered aprice rise of 5 per cent. Projects nearing completionpushed up the values by almost Rs 250 per sq ft inthe last three months.

l Sector 52 and Sushant Lok recorded the highest dropof 8-9 per cent in capital values in the current Oct-Dec 2013 quarter.

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

Dlf City Phase V 22.75 13,300 2.05%

Dlf City Phase IV 23.25 12,375 2.25%

Golf Course Road 23.25 13,200 2.11%

MG Road 24.5 12,100 2.43%

Dlf City Phase II 20.75 10,975 2.27%

Sector-57 14.25 8,450 2.02%

Palam Vihar 15.25 8,050 2.27%

Sector-31 19.25 11,725 1.97%

Sector-47 14.75 9,475 1.87%

Ardee City 14.75 7,600 2.33%

Y I E L D M E T E R

l The yield meter ranged from 1.87-2.49 per cent inthe Oct-Dec 2013 quarter, as compared to 1.87-2.52per cent in the Jul-Sep 2013 quarter.

l Seamless connectivity through the Delhi-GurgaonExpressway and both metro and rapid rail pushedrental values in Sushant Lok I, leading tomaximum rental returns.

l Close to the Huda City Centre Metro Station andGolf Course Road, Ardee City recorded aconsistent rise in rental values in the last twoyears with a healthy gross yield of 2.33 per cent.

l DLF City Phase II, IV, V and Palam Vihar alsoregistered healthy gross yields. High capital butlow rental values led to low returns from Sector 47.

RENT MON I TOR

l The rental values rose in 33 per cent localities in thecurrent quarter, as compared to a rise in 62 per centlocalities in the previous quarter.

l Sector 54, Sushant Lok and DLF City Phase IIIrecorded the highest rise of 7-9 per cent in rentalvalues in the zone.

l Presence of educational institutions and proximityto the Delhi-Gurgaon Expressway, Sohna Road andHuda City Centre Metro Station attracted homeseekers to Sector 39, pushing up the rental values by9 per cent in the current quarter.

l After DLF City Phase I, Sector 22 recorded themaximum drop of 9 per cent in rental values.

0%

propindex.magicbricks.com VOL3, ISSUE 3; OCT-DEC, FY 2013-1414GURGAON

Growth Number Localities with Most ActiveCorridor of Projects Maximum Property

Residential Projects Typology(Multi-storey)*

Dwarka Expressway 16 Sector -103, 108, 37D 83%

New Developing Sectors 8 Sector -82, 85, 89 and 92 80%

Sohna Road 7 Sector -47, 48 and 49 75%

Golf Course Extn Road 4 Sector-67 and 68 69%

*Percentage of total supply

RENT

Locality Rental RankValues Q3 Q2

Sohna Road 15000 to 18000 1 1

Sector-56 12500 to 16500 2 2

Golf Course Road 21000 to 27500 3 7

DLF City Phase III 19000 to 26000 4 3

Palam Vihar 14000 to 17500 5 4

DLF City Phase II 18500 to 24500 6 6

Nirvana Country 15500 to 19000 7 -

DLF City V 21000 to 26000 8 -

Sushant Lok-I 18000 to 24000 9 8

DLF City Phase IV 21500 to 26500 10 -


Locality Capital RankValues Q3 Q2

Sohna Road 7700 to 9900 1 1

Palam Vihar 7350 to 9300 2 4

Golf Course Road 12350 to 14750 3 6

Golf Course Extn Road 7750 to 9850 4 3

Dwarka Expressway 4650 to 6000 5 2

Sector-56 7100 to 8550 6 5

Sector-82 4750 to 6150 7 9

Nirvana Country 8550 to 10000 8 8

Sector-92 3800 to 4850 9 10

Sector-57 7850 to 9500 10 -

SALE


PREFERRED LOCALITIES

l Sohna Road continued to be the most preferred forbuying due to increased investor interest.

l Palam Vihar and Golf Course Road moved up on thepreference list in the current quarter. Palam Viharwas preferred for its proximity to Delhi.

l As investors spilled over to locations impacted bythe Rapid Rail, preference for Golf CourseExtension Road, Dwarka Expressway and Sector 56came down in the current quarter.

l Preference for Sector 82 rose due to consistent risein property values. These have appreciated by over12 per cent since 2012 and 52 per cent since 2011.

l While Nirvana Country was preferred for its lowerproperty values as compared to DLF colonies, Sector92 was preferred for its location on Pataudi Road andpresence of several under-construction projectswhich were nearing possession within a year.

l Project deliveries and increased occupancy pushedSector 57 to the tenth position on the preference list.

l Sohna Road and Sector 56 continued to be preferredfor renting properties. Accessibility to IT hubs andwell-built physical and social infrastructure addedto the popularity of these two locations.

l Proximity to the Metro and Golf Course Road,coupled with low rentals also made Sector 56 apreferred location.

l Stable rental values and presence of new projectshanding over possession drove several home seekersto Golf Course Road.

l Access to the Rapid Rail inclined many buyers toDLF City Phase II and III for rental properties.Preference for DLF City Phase V droppedconsiderably due to lack of connectivity.

l DLF City Phase IV and Nirvana Country were thenew entrants on the top ten preferred localities list.

l An apartment that was available for Rs 24,000-25,000per month on MG Road could be rented for Rs 20,000-22,000 in DLF City Phase IV.

Above 25% 15-25% 10-15% 5-10% Less than 5%


With land banks shrinking and property prices escalating to almost double,Gurgaon real estate became unaffordable for the mid-segment home buyers. hecity expanded its footprints with Gurgaon Extension also known as Sohna Road.This opened up a lot of avenues for the property investors.

Gurgaon Extension: Emerging affordable alternative to GurgaonWith Gurgaon having experienced a real estate boom, the next destination that’s goingto attract investors is likely to be Gurgaon Extension: the new name for the fastdeveloping Sohna Road. Close on the heels of its new Master Plan 2031, new grouphousing projects, townships, plotted developments and luxury projects have beenannounced leading to what realty experts say a boom. Gurgaon Extension is located atone vertex with Gurgaon and Faridabad occupying the other two vertices.

n Times Property, The Times of India, Delhi/NCR

Realty prices at local ‘micro-markets’ double in 2 years in Delhi-NCRProperty prices in the upcoming residential markets of NCR, which real estate expertsterm ‘residential micro-markets’, have nearly doubled in the last two years. Thesepockets of realty in Gurgaon and Delhi are defying the general slowdown in the NCRmarket and are now driving it forward. Going by the latest real estate prices, areas likeGurgaon’s Golf Course, Golf Course Extension and Southern Periphery and DwarkaExpressway are witnessing huge property rate hikes.

n The Times of India, Delhi/NCR

Which residential pockets will havemaximum developments in 2014?

Locations to witness new residentialsupply will be the emerging micro-markets of Southern Peripheral Road(SPR), Pataudi Road, New Gurgaon,Sohna and Dwarka Expressway.

How many units are expected tocome at possession stage in 2014?

About 31,000 residential units arecommitted for possession in Gurgaon.

What will be the impact of the generalelections on development?

If elections result in the formation of astable government, then transactionvolumes will likely increase.

How has the financial crunch of 2013impacted development?

Gurgaon witnessed subdued demand.In 2013 investor transactions werelow, as investors did not foreseesignificant capital appreciation. Lack oftransactions resulted in a liquiditycrunch with limited new launches.

Will commercial stage a comeback?

The commercial real estate market sawrobust lease transactions in 2013.Approximately 5.8 million sq ft ofGrade A office space was leased.

Which category do you expectmaximum buyer attraction in 2014?

In peripheral emerging locations, thereis a preference for villas and plots. Inestablished micro-markets and close toestablished areas, the preference is forapartments and studio apartments, atrend dictated due to affordability.

Amit Oberoi, National DirectorValuation & Advisory Services and ResearchColliers International

Q&A

R E A L T Y N E W S

To read full story and more news go to www.content.magicbricks.com

In the last three months, price correction inthe secondary market has begun which is apositive change considering the unsoldinventory. The political uncertainty due to theupcoming general elections and the RBItightening on the lending in the sector islikely to make the investors cautious. Brandedresidencies are likely to sustain and grow at asteady pace because of high interest fromaspirational young buyers.

Manoj Shrivastava Chief Operating OfficerAsia Pacific Homestead

E X P E R T S P E A KDeveloper

Gurgaon’s Real Estate market has been slowdue to the change in city government. Peopleare waiting for the bubble to burst and get agood property in their budget. With reducedbuying capacities, transactions have gonedown in Delhi NCR. Oct-Dec 2013 quarter didsomewhat better than the other quartersbecause of the festival period in November.Ready-to-move-in properties rangingbetween Rs 1-2.5 crore performed the best.

Shankar KohliMark Real Esstate

Broker


Budget wise Analysis

l Almost 90 per cent demand andsupply was witnessed in the Rs 60-100 lakh, Rs 1-2 crore and Rs 2 crore and above categories.Among these also, the maximumdemand (37%) and supply (34%)was in the Rs 1-2 crore category.

l Rs 60-100 lakh category witnessed ademand of 28 per cent with supplyof 30 per cent. Whereas, the Rs 2 crore and above category sawa demand of 23 per cent while thesupply was 27 per cent.

DEMAND - S UPP LY ANALYS I SOver 60 per cent of demand and supply of properties in Gurgaon is for Rs 1 crore and above perunit. There is a 28 per cent demand and 30 per cent supply of units for the Rs 60-100 lakh each.Units of upto Rs 60 lakh saw small demand and smaller supply.

Multi-storey apartments constituted 68 per cent demand and 71 per cent supply in Gurgaon. Plotswere in demand but supply was less than demand. There were more builder floors than demand.Units of 3BHK was the most popular segment constituting over 50 per cent of demand and supply.Units of 4BHK had a 14 per cent demand and 20 per cent supply. There was far more demand thansupply of 2BHK units.

Property wise Analysis

l The multi-storey categorywitnessed a robust demand (68%)and supply (71%) in the previousquarter, registering a slightmismatch, in the current quarter.

l The demand for residential plotswas significant at 14 per cent whilethe supply was 10 per cent. Thebuilder floor category on the otherhand, witnessed an increase of 3 per cent in both demand (9%) andsupply (12%), over the previousJul-Sep 2013 quarter.

BHK wise Analysis - City Level

l As in the previous quarter, themaximum demand (52%) andsupply (55%) was for the 3BHKcategory. This was followed bydemand of 31 per cent for 2BHKunits while the supply was 20 per cent only.

l On the other hand, the demand forthe 4BHK and above category wasonly 14 per cent but the supply inthe same category was asignificant 24 per cent, registeringa mismatch.

60

40

20

0<40 40-60 60-100 100-200 200 &

above

5Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

49 8

30 2836 37

2023

(Jul-Sep 2013)

(Oct-Dec 2013)

Budget wise Analysis - City Level

DEMAND

60

40

20

0<40 40-60 60-100 100-200 200 &

above

2Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

26 7

2730

34 34 3127

(Jul-Sep 2013)

(Oct-Dec 2013)

SUPPLY

Property wise Analysis - City Level

80

60

40

20

0

69 71

12 12

4 4

12 10

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residential Villaapartment floor house plot

DEMAND

3 3

80

60

40

20

0

67 68

9 96 6

16 14

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residential Villaapartment floor house plot

SUPPLY

2 3

BHK Configuration - City Level

60

40

20

03 3

31 31

52 52

14 14

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above

DEMAND SUPPLY

60

40

20

01 1

1920

54 55

26 24

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above


Sohna Road was oversupplied by 11 per cent in the Rs 2 crore and above category. About 70 per cent of demand and supply was for units of Rs 60-200 lakh. There was an 18 per centdeman d for units of upto Rs 60 lakh but supply was a meagre 8 per cent.

Over 83 per cent of demand and supply was for apartments. Supply of 3BHK unitsmatched demand while over 4BHK was grossly oversupplied as a category compared todemand. Supply of 2BHK units lagged supply by a big margin in the current Oct-Dec 2013quarter, as compared to the previous quarter.

BHK wise Analysis


Q2 (Jul-Sep 2013)Q3 (Oct-Dec 2013)

Rs <40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore

Rs 2 crore and above

DEMAND SUPPLY

DEMAND SUPPLY


1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l The demand and supply for the Rs 60-100 lakh and the Rs 1-2 crorecategories was corresponding and consistent. Except the demandfor the latter which registered a drop of 5 per cent.

l The Upto Rs 40 lakh category had a demand of 10 per cent while thesupply was a marginal 4 per cent. Similarly, the Rs 40-60 lakhcategory witnessed a demand of 8 per cent whereas, the supply washalf, at 4 per cent.

l The demand for the Rs 2 crore and above category was 14 per centwhile the supply for the same at 25 per cent was one fourth the totalsupply in the current quarter.

DEMAND & SUPPLY - Sohna Road, Gurgaon


l At Sohna Road, Gurgaon, the demand (83%) for multi-storeyapartments was consistent with the supply (84%) in the current Oct-Dec 2013 quarter.

l Of the remaining categories, demand for residential plots was 8 per cent while the supply of the same was only 5 per cent, similarto the previous Jul-Sep 2013 quarter.

l The supply for builder floor apartments was 5 per cent but thedemand for the same was marginal at 3 per cent only. Theresidential house and the villa categories registered negligibledemand and supply in the current quarter.

BHK wise Analysis

l Maximum demand of 53 per cent was witnessed for the 3BHKcategory, though the supply in the same was 57 per cent, pointingtowards a mismatch.

l Major mismatch was also observed in the 2BHK and the 4BHK andabove categories. The demand for the 2BHK category was 35 per cent, while the supply for the same was 20 per cent, thoughregistering an increase of 3 per cent over the previous quarter.

l In the case of the 4BHK and above category, while the demand wasmerely 8 per cent, the supply was significant at 20 per cent in thecurrent quarter.


Multistorey apartment

Single floor

Residential house

Residential plot

Villa

Q2 Q3

3843

29

14

30

14

106

88

Q2 Q3

3739

32

23

30

25

Q2 Q3

82 83

89

Q2 Q3

836

84

Q2 Q3

5352

34

10

35

8

Q2 Q3

5759

17

22 20

20


Old Gurgaon stock matched demand and supply in the Rs 60-100 crore category. However,the demand for upto Rs 60 lakh was double the supply. The Rs 1-2 crore category has athird more supply than demand. The Rs 2 crore and above stock also leads demand.

Demand matched supply in the residential house, villa and plot categories. However, thenewer demand of apartments was unmatched by supply which had far more floors thandemand. This pattern follows other old areas of cities where supply follows traditionalpatterns while demand is for newer formats of apartments within gated communities.

BHK wise Analysis



Rs <40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l The maximum demand and supply was seen for the Rs 1-2 crorecategory. But while the demand was 32 per cent, 4 per cent increasedover the previous quarter, the supply was 41 per cent, registering amismatch between the two.

l This was followed by demand of 25 per cent in the Rs 60-100 lakhcategory, noting a drop of 3 per cent and supply of 21 per cent.

l Whereas, the second most supplied category was Rs 2 crore andabove with 28 per cent. Demand in this category registered 22 per cent, noting an increase of 5 per cent over the previous Jul-Sep 2013 quarter.

DEMAND & SUPPLY - Old Gurgaon


l The supply of most categories noted variations over the previousquarter, while the demand remained consistent.

l The multi-storey apartment category showed a demand of 37 per cent while the supply was limited at 19 per cent only.Similarly, where the demand for the builder floor category was only12 per cent, the supply was more than double at 25 per cent,increasing by 7 per cent.

l The demand and supply in the residential plot category wasmatched at 27 per cent but the supply for the same registered a dropof 7 per cent over the previous quarter.

BHK wise Analysis

l Substantial difference was noted in the supply and demand of allcategories. Demand of 50 per cent was registered in the 2BHKcategory, while the supply of almost the same (51%) was in the3BHK category.

l The 3BHK and the 4BHK and above categories showed less demand(34% and 6%), while the supply noted a significant mismatch (51% and 25%).

l The demand for the 1BHK and 2BHK categories was more (10% and50%), the supply was significantly less (5% and 19%), with supply inthe 2BHK category also noting a drop of 6 per cent.



Single floor

Residential house

Residential plot

Villa

Q2 Q3

25

14

13

28

17 22

32

10

11

28

Q2 Q3

21

39

30 28

41

21

Q2 Q3

36

11

24

37

12

24

2727

Q2 Q3

20

18

26

19

25

26

2734

Q2 Q3

49 50

34

10

347

10

6

Q2 Q3

25

51

19

44

26 25


Supply of the Rs 2 crore and above property led demand by about 10 per cent. Demand ledsupply in the Rs 60-200 lakh categories by also about 10 per cent. Demand and supply weresmall and evenly matched in the Upto Rs 60 lakh category.

There was about a 5 per cent more demand for apartments while there was a similaramount more of supply of single floor units. There was almost a fourth of the demand for 2BHK units while supply fell short in this configuration. Units of 4BHK and above ledsupply by about 12 per cent.

BHK wise Analysis



Rs <40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Consolidated demand and supply of approximately 95 per cent wasin the Rs 60-100 lakh, Rs 1-2 crore and Rs 2 crore and abovecategories, with individual differences being noted in each.

l Significant demand of 21 per cent was in the Rs 60-100 lakh category,with supply only 14 per cent in the same. Similarly, the Rs 1-2 crorecategory noted demand of 42 per cent with supply at 38 per cent.

l The Rs 2 crore and above category witnessed a substantial supply(42%) with less demand (32%). The demand and supply wasnegligent but consistent in the Upto Rs 40 lakh and the Rs 40-60 lakhcategories in the current quarter.

DEMAND & SUPPLY - New Gurgaon


l All categories in New Gurgaon registered a consistent and almostmatching demand and supply in the current Oct-Dec 2013 quarterover the previous Jul-Sep 2013 quarter.

l Exceptions were noted in a couple of categories. The multi-storeyapartment category noted a demand of 56 per cent where the supplywas 51 per cent, noting a difference of 5 per cent between the two.

l Similarly, the builder floor category had a demand of only 13 per cent whereas, the supply was a healthy 20 per cent, showing a difference of 7 per cent in the demand and supply but consistentwith the previous quarter.

BHK wise Analysis

l The 2BHK and the 4BHK and above categories showed a markeddifference between the demand and supply, similar to the trendobserved in the previous Jul-Sep 2014 quarter.

l The demand in the 2BHK category was one fourth of the totaldemand at 25 per cent, while the supply in the same category wasonly 14 per cent.

l On the other hand, the 4BHK and above category registered ademand of only 18 per cent with a significant supply at 30 per cent,dropping by 3 per cent over the previous quarter, similar to thetrend in the previous quarter.



Single floor

Residential house

Residential plot

Villa

Q2 Q3

4242

21

28 32

21

Q2 Q3

3837

12

46 42

14

57

137

56

13

7

2019

Q2 Q3 Q2 Q3

52

186

51

206

2020

Q2 Q3

54 54

17

25

18

26

Q2 Q3

52 55

33

14

30

14


Known as an affordable alternative to existing Gurgaon at one time, the DwarkaExpressway has left demand of units of Upto Rs 40 lakh far behind. Most of the supplyand demand are in the Rs 60-200 lakh categories.

As per the locality profile, about 92 per cent of supply and 80 per cent of demand was formulti-storeyed apartments. There is a small supply of plots but demand is much more.The 37 per cent demand for 2BHK units was met with much less supply. But the 3 and4BHK units were oversupplied by over 15 per cent.

BHK wise Analysis



Rs <40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l The Dwarka Expressway witnessed a mismatch in almost allcategories in the current quarter, except in the Rs 60-100 lakhcategory where the demand was 37 per cent and the supply 49 per cent, a significant difference of 12 per cent.

l Another category that registered a significant difference betweendemand and supply was the Upto Rs 40 lakh category, with demandof 9 per cent but supply an insignificant 2 per cent only.

l The Rs 40-60 lakh category also displayed a mismatch, but of 4 per cent only, with demand at 14 per cent and supply at 10 per centonly in the current Oct-Dec 2013 quarter.

DEMAND & SUPPLY - Dwarka Expressway, Gurgaon


l Maximum and substantial demand and supply was noted in themulti-storey apartment category, similar to the previous Jul-Sep 2013 quarter, but also registering a mismatch.

l The demand in the multi-storey apartment category was 80 per centwhile the supply was robust at 92 per cent in the current Oct-Dec 2013 quarter.

l In the residential plots category, the demand was significant at 12 per cent whereas, the supply was insignificant at 3 per cent only,again registering a mismatch. Consolidated but marginal demand(8%) and supply (6%) was observed in the remaining categories.

BHK wise Analysis

l The most popular category on Dwarka Expressway was 3BHK with ademand of 52 per cent and supply at 61 per cent, registering amismatch of over 10 per cent between the two.

l The next category to have significant demand and supply was the2BHK configuration, where the demand was robust at 37 per centand supply limited to 24 per cent, again showing a mismatch of 13 per cent in the current quarter.

l The 4BHK and above category had a marginal demand at 7 per centwhereas, the supply was double at 14 per cent, similar to the trend inthe previous quarter.



Single floor

Residential house

Residential plot

Villa

Q2 Q3

44

29

14 14

33

7

37

8 9

Q2 Q3

47

30

10

31

49

11

9 8

Q2 Q3

81 80

1213

Q2 Q3

91 92

Q2 Q3

34

52

37

53

9 7

Q2 Q3

61 61

13

25

14

24


Supply and demand on the Golf Course Extension Road were evenly matched in allcategories. Rs 60-200 lakh categories were most in demand and supply.

Demand and supply of multi-storey apartments were at 87 per cent and a small demandand supply of single floors. Units of 3BHK dominated demand and supply. There was alsoa healthy demand for 4BHK and above units but supply exceeded demand. While in the2BHK category, demand exceeded supply by about 7 per cent. Demand for units of Rs 2 crore and above was double the supply but both were small.

BHK wise Analysis



Rs <40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l The Rs 60-100 lakh, Rs 1-2 crore and the Rs 2 crore and abovecategories were the most demanded and supplied (over 95%) in thecurrent quarter. The Rs 60-100 lakh and the Rs 2 crore and abovecategories also displayed matching demand (28%) and supply (31%).

l The demand for the Rs 60-100 lakh category dropped by almost 10 per cent while the Rs 1-2 crore category increased by the samepercentage in the current quarter.

l The demand in the Rs 2 crore and above category increased by 10 per cent while the supply dropped by 4 per cent. The demand forthe Rs 40-60 lakh also noted a significant drop of 7 per cent.

DEMAND & SUPPLY - Golf Course Extension Road, Gurgaon


l The demand and supply was consistent and matching across allcategories in the current Oct-Dec 2013 quarter over the previous Jul-Sep 2013 quarter.

l The multi-storey apartment category catered to 87 per cent demandand supply on the Golf Course Extension Road. The demand wassimilar to the previous quarter while the supply noted an increaseof 2 per cent.

l The remaining 13 per cent demand and supply was distributed inthe left-over categories. Of this 7 per cent demand and supply was inthe builder floor category, with supply dropping by 1 per cent only.

BHK wise Analysis

l Over 50 per cent demand (54%) and supply (51%) was registered forthe 3BHK configuration category, with a difference of 3 per centregistered in the current Oct-Dec 2013 quarter.

l The 2BHK category had a significant demand of 25 per cent whilethe supply was only 18 per cent. This was similar to the previousJul-Sep 2013 quarter.

l The maximum mismatch was observed in the 4BHK and abovecategory with demand at only 20 per cent whereas, the supply was arobust 31 per cent in the current quarter, again similar to the trendin the previous quarter.



Single floor

Residential house

Residential plot

Villa

Q2 Q3

37

28

21

37

31

28

9

Q2 Q3

3936

35

26

31

28

Q2 Q3

877

877

858

877

Q2 Q3

Q2 Q3

53 54

19

26

20

25

Q2 Q3

50 51

32 31

17 18


Demand and supply were fairly evenly poised in the New Developing sectors in Gurgaon.Multi-storey apartments were most in demand and supply as also single floors. However,there was a small demand for plots and even smaller supply.

There was a lot more supply than demand of 3BHK units while supply of 2BHK unitslagged supply by 14 per cent. There was double the number of 4BHK units by supply thandemand. Clearly being a new developing area consumers are looking at large format withspacious rooms while developers are creating smaller formats, larger number of rooms.

BHK wise Analysis



Rs <40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1-2 crore


DEMAND SUPPLY

DEMAND SUPPLY


1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Over 95 per cent demand and supply was limited to the Rs 40-60 lakh,the Rs 1-2 crore and the Rs 2 crore and above categories, similar tothe previous Jul-Sep 2013 quarter.

l The Rs 60-100 lakh category registered a demand of 49 per cent witha supply of 55 per cent in the same category, noting a mismatch of 6 per cent between the two.

l The demand and supply in the Rs 40-60 lakh category was matchingat 20 per cent. The Rs 1-2 crore category witnessed a demand of 24 per cent and a supply of 22 per cent in the current Oct-Dec 2013quarter, similar to the previous quarter.

DEMAND & SUPPLY - New Developing Sectors, Gurgaon


l In the New Developing Sectors of Gurgaon, the multi-storeyapartment category had the maximum demand (86%) and supply(88%) in the current quarter, similar to the previous quarter.

l Marginal demand of 6 per cent was also observed in the builderfloor and residential plot categories. The supply in the former wascorresponding at 7 per cent while in the latter it was insignificant at3 per cent in the current quarter.

l It was observed that the trends, across categories, in the currentOct-Dec 2013 quarter were similar to those observed in the previousJul-Sep 2013 quarter.

BHK wise Analysis

l The trends observed in the BHK configuration in the current Oct-Dec 2013 quarter were similar to those in the previous Jul-Sep 2013 quarter. Though slight variations were noted in theindividual demand and supply.

l The 3BHK category saw a demand of 49 per cent, dropping by 3 per cent, whereas the supply was a robust 57 per cent in the samecategory in the current quarter.

l The demand in the 2BHK category was 42 per cent, increasing by 3 per cent, while the supply was checked at 28 per cent, as noted inthe previous quarter.



Single floor

Residential house

Residential plot

Villa

Q2 Q3

4950

20

25 24

20

Q2 Q3

5557

20

20 22

20

876

86

6

Q2 Q3

66

886

88

Q2 Q3

7

Q2 Q3

39 42

52 49

88

Q2 Q3

57

28

15

28

15

56


ANNExUrES

Ardee City 7100 to 8500

Central Park 2 8900 to 10100

Dlf City Phase I 9450 to 11550

Dlf City Phase II 9850 to 13000

Dlf City Phase IV 11700 to 13600

Dlf City Phase V 12700 to 14350

Dwarka Expressway 4650 to 6000

Golf Course Extension Road 7750 to 9850

Golf Course Road 12350 to 14750

Gurgaon - Faridabad Road 7500 to 9200

Malibu Town 7250 to 9150

Manesar 3950 to 4700

MG Road 11300 to 13550

Nirvana Country 8550 to 10000

Palam Vihar 7350 to 9300

Sector-33 7900 to 8600

Sector-37C 3950 to 4800

Sector-37D 4250 to 5100

Sector-43 8000 to 10150

Sector-47 8550 to 11150

Sector-48 8250 to 10150

Sector-49 8500 to 10150

Sector-50 8900 to 10750

Sector-51 7950 to 9550

Sector-52 6200 to 8250

Sector-54 10450 to 13700

Sector-55 6350 to 7950

Sector-56 7100 to 8550

Sector-57 7850 to 9500

Sector-58 11050 to 12550

Sector-60 10050 to 10900

Sector-61 8400 to 9050

Sector-65 6450 to 8000

Sector-66 7600 to 8950

Sector-67 6750 to 8350

Sector-68 4550 to 5850

Sector-69 5800 to 6500

Sector-70 5500 to 6400

Sector-71 5800 to 6300

Sector-72 7400 to 8650

Sector-73 4650 to 5250

Sector-77 4750 to 5300

Sector-78 4750 to 5750

Sector-79 4750 to 5400

Sector-81 5000 to 5950

Sector-82 4750 to 6150

Sector-83 5000 to 6000

Sector-84 4250 to 4950

Sector-85 4500 to 5150

Sector-86 4000 to 4850

Sector-89 4850 to 5450

Sector-90 4100 to 5000

Sector-91 3800 to 4500

Sector-92 3800 to 4850

Sector-93 3400 to 3800

Sector-99 4700 to 5700

Sector-102 5500 to 6500

Sector-103 4000 to 4700

Sector-106 5100 to 5950

Sector-107 4750 to 5550

Sector-108 5400 to 6150

Sector-109 5650 to 6500

Sector-111 6900 to 8200

Sector-112 5400 to 7450

Sohna Road 7700 to 9900

South City I 9500 to 12400

South City II 7400 to 9400

Sushant Lok 8500 to 10850

Sushant Lok-I 8650 to 11450

Vatika City 9600 to 10800

CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

GURGAON

propindex.magicbricks.comVOL3, ISSUE 3; OCT-DEC, FY 2013-14 GURGAON101

VOL3, ISSUE 3; OCT-DEC, FY 2013-14

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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