propinde2 s magicbricks...-2.9% 3.2% 0.9% notes: 1. ready to move price index represents the...

PropIndex | Magicbricks GurugramJuly-Sep 2020

Residential Market Insights

Gurugram exhibited revival in consumer searches

Gurugram showed a V-shaped recovery in demand during Q3 2020 after a decline of 25% in Q2 2020. With 28% QoQincrease in searches, the city witnessed strong growth during the July-September 2020 quarter. Despite a surge indemand, the new supply in the city remained muted amid uncertainty in market, labour shortage and pandemicscare.

Although demand in Gurugram bounced back to the Pre-COVID level, buyers seem to be taking longer time tocomplete the transaction.This protrays that consumers are cautious and looking for better deals in the market. It canbe stated that the visitors on Magicbricks website include bargain seekers as well and can be converted into buyersif prices go down slightly.

Market DynamicsParameters India Gurugram

Demand+ 53.1% 28.0%Supply++ -9.1% -10.5%Price Index++ 0.3% 0.9%

Notes:Above parameters represent QoQ change in Q3 2020 atIndia and city level + change in volume of property searches ++ change in volume of active listings +++ change in the weighted average price

Source: Magicbricks Research

Ready to Move Price Index

2016

2017

2018

2019

2020

2021

5,000

6,000

7,000

8,000

9,000

Average Price INR per sqft

"Growing preferencefor Ready-to-moveproperties had apositive impact onprice change in bothQoQ and YoY"

5 Years YoY QoQ

0.9%3.2%-2.9%

Notes:1. Ready to move price index represents the weighted average price of completed properties on Magicbricks website as on Sep 20202. The trend line represents the average prices of dominant asset class in each locality of the city. Source: Magicbricks Research

Key Developers based on activelistings

DLF Ltd.

Emaar India

M3M India

Unitech Group

Vatika Group

Signature Global Group

Godrej Properties

Bestech Group

Ireo Management

ATS Infrastructure Ltd.

BPTP Ltd.

TATA Housing #

#

#

#

#

#

#

#

#

#

#

#

Note: The above table represents the top developers byshare of active listings on Magicbricks website in Q32020


Under Construction Price Index

2016

2017

2018

2019

2020

2021

5,000

6,000

7,000

8,000

9,000

Averge Price INR per sqft

"Subdued demand inQ3 2020 for under

construction propertiespushed prices

marginally downward."

5 Years YoY QoQ

-0.6%1%5.3%

Note:1. Under-construction price index represents the weighted average price of under-construction properties on Magicbricks website as on Sep 20202. The trend line represents the average prices of dominant asset class in each locality of the city.


Key Projects

Project Name Locality

Suncity Avenue 102 Sector 102

Tulip Lemon Sector 69

BPTP Amstoria Sector 102

Unitech Fresco Nirvana Country

DLF New Town Heights Sector 90

M3M Woodshire Sector 107

Emerald Hills Sector 65

Tulip Violet Sector 69

Essel Towers M G Road

Palm Hills Sector 77

Tata Primanti Sector 72

Note:The above table represents the top projects by consumerpreference on Magicbricks website in Q3 2020


Average changes in prices for localities in various price segments

< 5,000 5,000-7,500 7,500-10,000 > 10,000

RM UC RM UC RM UC RM UC

-3.7%

1.7%

-0.1% -0.3%

0.0% 0.1%

-0.8%

0.3%

"Under constructionproperties witnessedprice dip in almostevery price segmentprobably due to fear ofproject delays among

buyers"

Note:Above table represents the price changes for Ready to move (RM) and Under construction (UC) properties for dominant asset classes in each locality under various pricebuckets as on Sep 2020


In the News

- The final Detailed Project Report of metroconnecting HUDA city centre to OldGurgaon was approved in Aug 2020 andonce it gets operational it is likely toincrease consumers' interest in the region

- DLF announced 10 million sqft residentialsupply in the INR 50-70 lakh price segmentin New Gurgaon which is likely to increaseaffordable supply in Gurugram.

-The government announced formulationof Haryana Enterprise and EmploymentPolicy, 2020, which aims to attract aninvestment of INR 1 Lakh Crore inindustrial development which should boostemployment and real estate in peripheralareas of Gurugram

© magicbricks.com Page 1

Demand Supply Analysis Gurugram | July-Sep 2020

1 BHK2% 2 BHK

25%

3 BHK53%

Above 3 BHK19%

DEMAND

Above 3 BHK25%

3 BHK54%

2 BHK20%

1 BHK1%

SUPPLY

7,500-10,00023%

5,000-7,50043%

> 10,00013% < 5,000

21%

SUPPLY

Dwarka Expressway

Ambience Island

New Gurgaon

Basai Village

Gwal PahariSector 95A

Sector 89A

Sector 81ASector 70A

Sector 63A

Sector 12A

Sector 10A

Sector 99A

Sector 102

Sector 103

Sector 107

Medawas

Sector 33

Sector 58

Sector 59

Sector 68

Sector 70

Sector 71

Sector 76

Sector 77

Sector 79

Sector 91

Sector 10

Sector 14

Sector 22

Sector 31

Islampur

Sector 5

Sector 9

Sector 3

Suncity

Dhorka

© 2020 Mapbox © OpenStreetMap

Propensity of demand and supply in terms of searches andlistings by localities

Top Micromarkets by Consumer Searches

New Gurgaon 2900-8200

Dwarka Expressway 2400-11200

Sohna Road 4700-9200

Golf Course Ext. 5400-12000

SPR 4800-9300

Sushant Lok 2 & 3 5200-8200

Old Gurgaon- East 4500-10700

11

22

33

44

55

86

107

Micro Market Price Range RankQ3-20

RankQ2-20

New Gurgaon 2900-8200

Dwarka Expressway 2400-11200

Golf Course Ext. 5400-12000

SPR 4800-9300

Sohna Road 4700-9200

Golf Course Road 9000-18100

Sushant Lok 2 & 3 5200-8200

21

12

33

44

55

66

87

Micro Market Price RangeRankQ3-20

RankQ2-20

Top Micromarkets by active listings

Buyers reduced budget, searching forperipheral localities

The search trend of Q3 2020 showed that thedemand share of Sohna, Dwarka Expressway andNew Gurgaon had increased notably. Localitiessuch as Sectors 86, 83 and 82 in New Gurgaon andSectors 102 and 104 in Dwarka Expresswaymanaged to garner maximum search count.

The buyer's activities on the website indicatedthat people were looking for affordable optionsand willing to move to peripheral localities if theyget a better deal. Also, bucking the general trendof bigger size apartments, Q3 2020 saw a sizeableamount of growth in search for compact houses.

"New Gurgaon was the most soughtafter region in Gurugram in Q3 2020predominately due to availability ofaffordable properties, proximity toCentral Gurgaon and plannedinfrastructure development"

- A slight mismatch in demand-supply for 2 BHK configuration as more people are searching for smaller ticket size apartments

- Below INR 5000 per sqft price bracket accounted for 27% of consumer searches in Q3 2020 which illustrates that people are looking for affordable options

- New Gurgaon being the promising reality market has the maximum number of active listings (supply) followed by Dwarka Expressway

Notes:1. Demand represents property searches on Magicbricks website during Q3 2020, segregated by Bedroom, Hall, Kitchen (BHK) configuration2. Supply represents active listings on Magicbricks website during Q3 2020, segregated by BHK configuration


Demand increases in 2BHK configuration QoQ

"INR 5000-7500 per sqft" price segment, most active in Gurugram

Notes:1. Demand represents property searches on Magicbricks website during Q3 2020, segregated by price buckets2. Supply represents active listings on Magicbricks website during Q3 2020, segregated by price buckets


Note:1. Above map depicts the key localities of the city, with the size of the bubble depicting demand (consumer preference) /supply (active listings) forproperties in the localities on Magicbricks website in Q3 20202. This is an interactive map available on Magicbricks.com under Propindex section.Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.


Note:1. Top micro-markets of the city, ranked by their active listings onMagicbricks in Q3 20202. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.


Note:1. Top micro-markets of the city, ranked by number of searches onMagicbricks in Q3 20202. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.


Demand/SupplySupply

7,500-10,00019%

5,000-7,50044%

> 10,00010% < 5,000

27%

DEMAND


Price Analysis Gurugram | July-Sep 2020

Q3 2020 | Price Changes in Key Localities

Locality Avg.Price

PriceChange

Sector 37C

Sector 37D

Sector 84

Sector 85

Sector 89

Sector 90

Sector 91

Sector 92

Sector 103

Sector 105

Sohna 4.1%

-5.5%

4.6%

-1.9%

-0.8%

2.3%

6.0%

3.7%

0.1%

4.3%

1.4%

4,985

3,077

4,683

4,521

4,468

4,825

3,877

4,946

4,789

4,940

4,716

Locality Avg.Price

PriceChange

Malibu Town

Mayfield Garden

New Gurgaon

Nirvana Country

Palam Vihar

Sector 3

Sector 7

Sector 23

Sector 33

Sector 46

Sector 48

Sector 50

Sector 51

Sector 52

Sector 56

Sector 57

Sector 68

-2.3%

-2.2%

2.5%

-5.2%

0.3%

-1.8%

0.7%

7.5%

-0.3%

4.0%

-0.4%

-1.7%

0.5%

2.7%

1.6%

-7.5%

-2.6%

3.7%

-0.4%

-0.1%

0.8%

3.3%

-0.9%

0.7%

-1.0%

-6.0%

-4.7%

2.1%

-6.4%

1.7%

-2.6%

5.0%

4.2%

0.0%

5.1%

1.0%

1.0%

-5.3%

-1.6%

6,261

6,420

6,775

6,431

7,307

6,287

6,416

7,465

5,004

6,478

5,940

5,807

5,538

6,609

5,832

6,212

6,260

5,662

5,537

6,546

6,150

6,235

6,232

6,465

7,070

6,243

6,556

7,462

6,080

7,435

6,731

6,993

5,309

6,684

6,122

7,091

5,455

6,456

7,167

Locality Avg.Price

PriceChange

Dharampur

DLF City Phase 1

DLF City Phase 2

Dlf City Phase 4

Sector 22

Sector 26

Sector 41

Sector 45

Sector 47

Sector 49

Sector 60

Sector 61

Sector 62

Sector 65

Sector 66

Sector 67

-1.8%

-5.0%

-0.8%

1.9%

3.6%

-1.6%

7.5%

1.1%

-2.4%

-7.5%

0.3%

-0.4%

1.2%

-0.3%

-1.1%

1.7%

0.3%

2.1%

0.0%

0.2%

-2.8%

-3.5%

0.7%

-0.5%

7.5%

8,119

7,951

8,247

8,537

7,605

7,709

8,952

7,918

7,877

7,983

8,802

9,894

9,373

8,492

8,498

8,048

7,677

7,809

8,525

9,981

9,508

8,767

9,951

9,950

7,988

Locality Avg. Price PriceChange

DLF City Phase 5

Golf Course Road

M G Road

Sector 24

Sector 28

Sector 30

Sector 43

Sector 53

Sector 54

Sector 59

Sector 63A 0.0%

-4.4%

-0.8%

3.5%

-0.6%

-1.4%

2.2%

4.6%

-0.7%

0.0%

1.3%

11,006

10,363

14,716

11,279

11,083

10,184

10,538

11,981

10,991

11,809

12,207

< INR 5,000 psf INR 5,000-7,500 psf INR 7,500-10,000 psf > INR 10,000 psf

Note:1. Size of the bubble depicts demand, measured by volume of property searches in localities in Q3 20202. Color of the bubble represents price change in Q3 2020, with green color representing price increase and red color price decrease.3. This is an interactive map available on Magicbricks.com under Propindex section.Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

- Localities such as Sectors 84, 85, 89, 90 and 103 which are located adjacent to the Northern Peripheral Road witnessed positive price change, with a maximumprice increase of 6% in Sector 89

- A significant number of localities in Central Gurgaon such as DLF Phase 4, Sushant Lok and Sector 22, which are in the price bracket of above INR 7,500 per sqftexperienced a negative price change


Note:1. Above is the list of major localities of the city, with information about their average prices and QoQ price changes in Q3 2020. This is an interactive table available on Magicbricks.com under Propindex section.2. The locality prices are calculated by averaging the prices of all properties in a locality in multi-storey and builder floor segment, after removing the outlier properties that might distort the overall prices.3. The four tables above categorize the localities in various price buckets.4. The color of the numbers represents the price change in Q3 2020, with green color representing price increase, red color price decrease, and grey as neutral. Source: Magicbricks Research

Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Ankur Upadhyay | Data Manager Swati Suri | Sr. Research [email protected] [email protected] [email protected] [email protected]

Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

Disclaimer: The data represented above is compiled by MagicBricks from multiple sources. MagicBricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information and does not acceptany liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions.

For more information and research related queries, please contact:

New Gurgaon1.0%

Gurgaon - Faridabad Road

Sector 70A-0.1%

Sector 63A0.0%

Sector 107-0.3%

Sector 102-0.4%

Sector 33-2.6%

Sector 59-4.4%

Sector 54-0.8%

Sector 91-0.8%

Sector 896.0%

Sector 86-1.7%

Sector 77-0.4%

Sector 68-0.9%

Sector 22-2.8%

Sector 1 Pocket I

Hans Enclave

Gwal Pahari

Sector 12A

Sector 88A

Sector 95A

Sector 99A

Medawas

Sector 31

Sector 58

Sector 27

Sector 14

Sector 71

Sector 76

Sector 10

Islampur

Sector 9

Sector 5

Dhorka

Palam Vihar5.1%

© 2020 Mapbox © OpenStreetMap

-7.5% 7.5%


-5% -2.5% 0% 2.5% 5%

propinde2 s magicbricks...-2.9% 3.2% 0.9% notes: 1. ready to move price index represents the...

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