quarterly reportteja7.kuikr.com/o1/20170612/ak_949979285-1497258978.pdfjun 12, 2017 · high...
TRANSCRIPT
BEN
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QUARTERLY REPORT
J a n - M a r 2 0 1 7
I N D I A R E S I D E N T I A L P R O P E R T Y M A R K E T
FO
RE
WO
RD
P rash an t Ku mar T h ak u r
VP & Head of Research
Data Services, QuikrHomes
Real estate sector, the second largest employer
in India after agriculture sector, has been going
through major structural changes in the past few
quarters. The reform waves that started with a
shock and awe approach in the form of
demonetization was followed by an encouraging
budget that gave affordable housing an Industry
status. The final leg of reforms can be assumed
completed with full and effective implementation
of RERA and GST across the country.
Though these bold moves have weighed down
heavily on the growth of the industry for a brief
period of time in the form of dipping new
launches, slow sales and stagnating prices, it has
put the industry on the path of long term
sustainable growth trajectory. The industry now
seems to have recovered from the impact of
demonetization. A marginal increase of 4% in the
new launches has been registered across the
major cities during Q1 2017. Compared to the last
quarter there has been a modest rise in the sales
The thrust on affordable housing by the government was evident, and the first
quarter recorded a four-fold increase in the launches of affordable and mid
segment. However, the overall situation of new launches will remain muted in
coming quarters as the builders are still trying to analyze the impact of RERA
and are taking time to ensure that the new launches are RERA compliant. The
ongoing transformation is a challenge for the developers and brokers. Even
though they are trying to become RERA compliant, they are witnessing
slowdown in their business. However, one must realize that though these
structural changes might create some initial challenges for the industry; they are
definitely going to bring back elusive buyers back to the market. In the
backdrop of transparency issue addressed by RERA, falling interest rates,
affordable prices and availability of ample number of ready-to-move-in and
nearing completion projects, it is one of the most appropriate time for end-use
homebuyers.
PUNE
16
N C
R
1 0
CO
NT
EN
TS
E X E C U T I V E
S U M M A R Y
03
P A N I N D I A
04
MMR
1 3
B E N G A L U R U
07
CHENNAI
19
HYDERABAD
22
KOLKATA
25
Q 2 2 0 1 7
F O R E C A S T
28
New launch supply, Residential
typology, Budget classification,
Under-construction supply,
unsold inventory, Weighted
average price/size of new
launch supply, Realty updates
Infrastructure, New launch supply, Residential typology, Budget classification, Under-
construction supply, Unsold inventory, Key Rental micro market, Key micro markets, Top
launches, Realty updates
Infrastructure , New launch supply, Residential typology, Budget classification, Under-construction supply, Unsold inventory,
Key Rental micro market, Key micro markets, Top launches, Realty updates
Unit
increase/decrease in
new launch supply
In Q1 2017, the residential market of top 7 cities across the
nation has witnessed a marginal jump of 4 percent in new
launch supply, compared to the previous quarter. With a launch
of around 37,359 residential dwelling units in Q1 2017, MMR
accounted for 30 percent of new launch supply highest among
top cities, followed by Kolkata, NCR and Bengaluru, at 22, 19 &
13 percent respectively.
An approximate 62 percent units have been launched under
the budget of 40 Lac in top 7 cities, which resulted in the
increased share of affordable housing by 18 percent compared
to the previous quarter. On the contrary, mid and luxury
segment properties have witnessed decrease in new launch
supply compared to the previous quarter, by 5 and 9 percent
respectively. Additionally, the ascending trend of affordable
dwelling units supply in Q1 2017 is also aligned with the Prime
Minister’s vision “Housing for All by 2022”.
In Q1 2017, Mumbai Metropolitan Region has witnessed a
whopping jump of new launch supply under affordable and mid
segment properties, compared to the previous quarter.
EX
EC
UT
IVE
SU
MM
AR
Y
Nearly four-fold increase has been recorded in the new supply
of affordable-mid segment properties (properties below 80
Lac) in Q1 2017. Moreover, infrastructure status provided to
affordable housing in Union Budget 2017-18 will further attract
more participants venturing into this segment. The residential
market of NCR and Bengaluru has witnessed a decrease in new
launch supply compared to the previous quarter, by 13 and 3
percent respectively. However, post demonetization, both the
cities have recorded positive buyer traction and improved sales
velocity.
Fewer new launches in the first quarter of 2017 and positive
buyer’s interest towards ready-to-move-in projects have helped
in bringing down the unsold inventory level by 9 percent from
7,34,610 units in Q4 2016 to 6,68,253 in Q1 2017 in top 7 cities.
With emphasis on “Affordable Housing” and to achieve the
Prime Minister’s vision of “Housing for All by 2022”, State Bank of
India has cut down rates on home loans of up to Rs. 30 Lac by
25 basis points for new borrowers. The rate was reduced to 8.35
percent from 8.60 percent—the second time in 2017.
HYDERABAD
Re
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pd
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s
REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
Enemy Property Bill to bring windfall of Rs.1 Lac Cr. for Government
The passing of the Enemy Property (Amendment and Validation) Bill 2016 by
both houses of parliament will now clear the acquisition of assets worth more
than 1000 assets worth more than Rs.1 Lac Cr.
Home loan EMIs of under-construction houses, renting & land leasing to attract GST
From July 1, leasing of land, renting of buildings as well as EMIs paid for
purchase of under-construction houses will attract the Goods and Services
Tax. Though the sale of the land/building and electricity is kept out of this
Government nods to revive 50 airports in 3 years
The proposal to revive smaller airports will help the government implement the
regional connectivity scheme that aims to make common man fly by
capping fares at Rs 2,500 hour of flight
Government expedites land acquisition to quicken pace of road construction
Till January 2017, the Highways Ministry has issued final notification for
acquisition of 4,100 hectares in comparison to the total 3,800 hectares for
which similar notifications were done during the previous two years - 2014-15
and 2015-16
Indiabulls Housing Fin raises Rs 485 Cr via NCDs
Indiabulls Housing Finance has raised Rs 485 Cr through issue of non-
convertible debentures on private placement basis
Emaar India raises Rs 2,500 Cr to fast track projects
Emaar revamped its project management team in an effort to fast track
projects which were stuck due to uncertainty over the fate of this partnership.
The funds have been raised from banks and financial institutions over the past
six months
PUNE
BENGALURU
KOLKATA
NCR
CHENNAI
MMR
P A N I N D I A R E S I D E N T I A L R E A L E S T A T E
• The residential launches in Q1 2017
across the top seven cities witnessed
a marginal increase of 4 percent,
compared to the previous quarter Q4
2016.
• Among all the cities, Kolkata has
recorded a steep increase in the
number of new launches by 304
percent, followed by MMR and
Hyderabad by 88 and 7 percent
respectively.
• Interestingly, what is worth noticing is
the downfall (72 percent) in the
residential supply in Pune from 9692
units in Q4 2016 to 2694 units in Q1
2017. Pune has become one such
city, which has fallen from the highest
residential supply previous quarter to
the least new launches in the present
quarter.14%
11%
4%
6%
16%22%
27%
13%
5%
4%
22%
30%
19%
7%
Bengaluru Chennai HyderabadKolkata MMR NCRPune
NE
W L
AU
NC
H S
UP
PL
Y
0%
20%
40%
60%
80%
100%
Be
ng
alu
ru
Ch
en
na
i
Hyd
era
ba
d
Ko
lka
ta
MM
R
NC
R
Pu
ne
pe
rce
nta
ge
of
un
its
Apartments Plots Villas & Row HousesR
ES
IDE
NT
IAL
T
YP
OL
OG
Y
BU
DG
ET
C
LA
SS
IFIC
AT
ION
PA
N I
ND
IA
• Apart from the predominant increase
in number of apartments in the top
seven cities, plots typology has
continued to dominate the South
Indian cities namely Bengaluru,
Chennai and Hyderabad.
• Unlike last quarter, Bengaluru saw
increased (79 percent) substantial
activity in plotted development
across the seven cities in Q1 2017.
Thaverekere Road in West Bengaluru
and Jangamakote in North
Bengaluru alone have launched
around 4400 plots.
• Hyderabad and Chennai witnessed
0
5000
10000
15000
20000
25000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-
1.5 Crore
>1.5
Crore
Bengaluru Chennai Hyderabad
Kolkata MMR NCR
Pune
• There is an increasing demand (62
percent) for the affordable segment
residential units falling in the price
bracket of Rs. 0-40 Lac when compared
to the previous quarter.
• There are as many as 7,404 affordable
segment dwelling units launched in this
quarter in Kolkata alone. NCR and MMR
stand next to Kolkata with 5602 units
and 4912 units while Hyderabad and
Chennai were way behind.
• The residential launches with ticket
price >80 Lac have registered mere 10
percent of overall number of unit
launches.
Outer pie- Q1 2017
Inner pie -Q4 2016
WE
IGH
TE
D A
VE
RA
GE
P
RIC
E/
SIZ
E
UN
DE
R-
CO
NS
TR
UC
TIO
N S
UP
PL
Y
UN
SO
LD
S
TO
CK
PA
N I
ND
IA
12821203
1530
1304
972
1510
800
11821250
1813
784
1192
812 857
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
0
200
400
600
800
1000
1200
1400
1600
1800
2000
Be
ng
alu
ru
Ch
en
na
i
Hyd
era
ba
d
Ko
lka
ta
MM
R
NC
R
Pu
ne
Pric
e p
er
sqft
Un
it s
ize
(in
sq
ft)
Wtg. Avg. Size-Q4 2016
Wtg. Avg. Size-Q1 2017
Wtg. Avg. Price-Q4 2016
• In Q1 2017, the new launches across
Chennai, MMR and Pune have
registered a surge in the average size
and price of the housing units while
Bengaluru and Kolkata have
launched residential units with
decreased unit sizes and prices,
compared to the last quarter Q4 2016.
• Hyderabad is the only city which has
launched residential units with
increased unit sizes at lower prices.
The units sizes and prices of dwelling
units in NCR stand quite opposite to
that of Hyderabad city, owing to slow
sales velocity and subdued market
sentiments.
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
NC
R
MM
R
Pu
ne
Be
ng
alu
ru
Ko
lka
ta
Ch
en
na
i
Hyd
era
ba
d
NCR and MMR region witnessed
maximum under construction supply
in Q1 of year 2017. NCR and MMR
are having total 8,44,497 number of
under construction supply which is
grater than the other top cities in
India. NCR and MMR are larger than
the other cities in India in every
aspect hence more development is
justified.
Pune, Bengaluru, Kolkata, Chennai
and Hyderabad are having 6,28,581
units of under construction supply.
Pune and Bengaluru share similar
trends and their development trend
is going hand in hand.
0
50000
100000
150000
200000
250000
NC
R
MM
R
Be
ng
alu
ru
Pu
ne
Ko
lka
ta
Ch
en
na
i
Hyd
era
ba
d
Unsold inventory is a big issue in all
Indian major cities.
NCR and MMR are having most of the
unsold inventory in India. NCR is
having about 1.9 Lac and MMR is
having 1.7 Lac of unsold inventory.
High property rates, delay in
possession, fake promises from the
builders, demonetization, etc. causes
the slow sale in market. These are
major issues in all top cities in India.
Chennai recorded about 28000
unsold units and Hyderabad
recorded about 27000 unsold
inventory.
Re
alt
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B E N G A L U R U R E S I D E N T I A L R E A L E S T A T E
REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
Karnataka government plans to regularize houses built on private land
Residential farmhouses located on private land and independent houses in
small towns (other than city corporations) which have misused land rights are
to be regularized by State Government
Building plans to be approved online in Bengaluru
Bengaluru citizens will be able to get their building plans approved online and
will also be spared the hassle of running from pillar to post to seek
clarifications with executive engineers at the division level. The authority to
approve the plans hitherto rested with zonal town planning officers
Bengaluru gets a new over bridge to decongest traffic
The Goraguntepalya over-bridge along the Outer Ring Road finally opened
to traffic on Jan 6. The railway over-bridge is expected to decongest the
traffic on the ever busy outer ring road. The Bengaluru Development Authority
(BDA) and Railway department jointly constructed the over-bridge at a cost
of Rs 40 Cr.Watsa's Bengaluru International Airport investment plan getsGovernment nod
The Ministry of Civil Aviation has given the long-awaited security clearance to
billionaire Prem Watsa's proposed investment in the GVK-led Bengaluru
International Airport (BIAL)
Adarsh Developers to raise Rs 950 Cr from Edelweiss, HDFC, Altico CapitalAdarsh developers are getting about Rs 950 Cr from the Edelweiss, HDFC and
Altico Capital. This will help the developer start new residential projects. The
developer is proposes to launch about 5 new projects in the city
Godrej Properties to develop 7.5 acre residential project inBengaluruReal estate company Godrej is planning to develop a residential project in
Bengaluru on Bellary Road, North Bengaluru and will comprise of plotted
development, group housing or villa development
Electronic City Phase I
Hoodi
970
Yelahanka New
Town
Thanisandra
Gunjur
360
Units
Units
541
Units
384
Units
500
Units
Ajmera Lugaano
Assetz Here and
Now
Casa
Grande
Hoodi
GM Infinite
Elegance Tower
Hi Life
Greens
HSR Layout
Indira Nagar
Koramangala
Marathahalli
JP Nagar
• Out of the 11,747 launches
made in Q1 2017, maximum
launches (58 percent) were
seen in plots followed by
apartments.
• South Bengaluru has recorded
highest number of apartment
launches compared to other
zones of the city.
• North and West Bengaluru
witnessed maximum plots due
to availability at lower prices
and South Bengaluru is the
only region which registered
launch of villas.
• Majority of new launches (97
percent) have come up in South,
East and North Bengaluru in Q1
2017, similar to new launch supply
pattern of the city in Q4 2016.
• East and South Bengaluru are
abundant with employment hubs
which attracted mixed
development in the city.
• Presence of airport and
establishment of new IT Parks, in
addition to affordable land prices
in northern part of the city
attracted huge residential
development.
• Government of India has
begun promoting affordable
houses, hence, there is a
visible increase in Rs. 0-40 Lac
price bracket unit launches
over the past quarter, Q4
2016.
• There is about 56 percent
decrease in the new launch
supply in Q1 2017 due to the
impact of demonetization
and high residential units
stagnated in the unsold
category.
Outer pie- Q1 2017
Inner pie -Q4 2016
TY
PO
LO
GY
O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IFIC
AT
ION
NE
W L
AU
NC
H S
UP
PL
Y
1%
34%
1%49%
15%
1%
27%
3%
27%
42%
Central Bengaluru East Bengaluru
West Bengaluru North Bengaluru
South Bengaluru
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Central Bengaluru East Bengaluru
West Bengaluru North Bengaluru
South Bengaluru
0
500
1000
1500
2000
2500
East
Bangalore
North
Bangalore
South
Bangalore
West
Bangalore
Apartments Plots Villas
BE
NG
AL
UR
U
East
BengaluruNorth
Bengaluru
South
Bengaluru
West
Bengaluru
• Bengaluru city recorded about
1,96,626 number of under
construction units in Q1 2017.
• East, North and South Bengaluru
regions of the city have predominant
number of under construction
dwelling units.
• East and South Bengaluru have
highest launches due to the
presence of major business hubs.
• Sarjapur Road, Whitefield, Varthur,
Devanahalli and Kanakapura Road,
all have high presence of ongoing
residential units.
• Bengaluru city has a total of
99,874 dwelling units as unsold
inventory.
• East Bengaluru has maximum
unsold inventory while Central
Bengaluru has the least.
• High property prices, delay in
execution and negative market
sentiments were the major reasons
behind the rise in unsold inventory.
• Central Bengaluru has the lowest
new launch supply and unsold
inventory as there is minimal land
bank available.
BE
NG
AL
UR
U
UN
DE
R-
CO
NS
TR
UC
TIO
N S
UP
PL
Y
UN
SO
LD
IN
VE
NT
OR
YK
EY
R
EN
TA
L M
ICR
O M
AR
KE
TS
0
10000
20000
30000
40000
50000
60000
70000
80000
Ce
ntr
al B
an
ga
lore
Ea
st B
an
ga
lore
No
rth
Ba
ng
alo
re
So
uth
Ba
ng
alo
re
We
st B
an
ga
lore
1%
36%
22%
32%
9%
Central Bengaluru East Bengaluru
North Bengaluru South Bengaluru
West Bengaluru
Ce
ntr
al B
en
ga
luru
Ea
st B
en
ga
luru
No
rth
Be
ng
alu
ru
So
uth
Be
ng
alu
ru
We
st B
en
ga
luru
Micro
Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximum
(In INR)
HSR Layout 10000 17000 15000 30000 25000 45000
Indira Nagar 10000 16000 15000 35000 30000 60000
Koramangala 10000 15000 16000 28000 25000 55000
Marathahalli 8000 13000 13000 27000 21000 40000
JP Nagar 9000 12000 15000 25000 22000 36000
Re
alt
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pd
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REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
Need a parking policy for Delhi soon: Lt. Governor Anil Baijal
Delhi Lt. Governor addressed for the need of parking policy with active
participation of the various authorities like Municipal Corporations of Delhi,
Delhi Development Authority, Transport Department, Public Works
Department and Delhi PoliceNoida building bylaws to be changed for fire safety
High rises in Noida, Greater Noida and Yamuna Expressway likely to adapt
new fire safety measures. Presently NBC is followed for the fire safety
measures, but now, a draft with upgraded modern measures has been
submitted to the board. Once approved, it will be ready to adapt
Delhi BRT to be redesigned for Rs 80 Cr
PWD has decided to redesign controversial BRT corridor. The 6.2-km stretch
from Ambedkar Nagar to Lajpat Nagar Metro station will be made a regular
road at a cost of approx. Rs 80 Cr. A year ago, PWD started to dismantle the
BRT and now has decided to redesign it
Change in land-use tag by DDA to help Delhi Metro
DDA has changed the land use in Trilokpuri for completing the crucial Metro
line 7. It was an important decision for Delhi Metro as it was struggling to
complete a section of the Majlis Park-Shiv Vihar corridor under Phase-III
Rs 12,000 Cr deal: Singapore's GIC leads race to buy 40 percent stake in DLF's rental armGIC Singapore is going to have a deal with the India’s largest real estate firm
DLF Limited. 40 percent of stake would be acquired by GIC Singapore in DLF
Cyber City Developers Limited (DCCDL)
M3M India raises Rs 1,250 Cr from Indiabulls Housing finance
M3M India raised Rs 1250 Cr from Indiabulls Housing Finance and they will be
paying 700 Cr to Sahara Group for the final installment of a land deal in
Gurgaon
Sohna
Sector 361306
Units
Sushant Lok I Golf Course Road
Sector 50Sohna Road
DLF IIISector 95A
1101
Units
Sector 92
1000
Units
Sohna
750
Units
Sector 79
728
Units
GLS
Avenue 51
Migsun Kiaan
Signature-The
Serenas
Supertech
Belfair
Breez Global
Hill View
N C R R E S I D E N T I A L R E A L E S T A T E
• NCR has seen a total of 7105 new
launched units in Q1 2017.
• 97 percent of the total units belong
to Apartment typology.
• There are similarities in NCR and
MMR new launch supply pattern as
the development trends of both
the regions are concentrated in
particular regions of the city.
• Demonetization, unsold inventory
caused slower development in
Delhi and enhanced the supply in
Gurgaon, with highest launches
made in this region.
• Demonetization took heavy toll on
NCR real estate market.
• NCR witnessed noticeable
decrease in Rs. 40-80 Lac and Rs.
80 Lac -1.5 Cr budget housing
units in Q1 2017 compared to the
Q4 2016.
• High unsold inventory is another
aspect responsible for lesser new
residential launches .
• There is an enormous increase in
the affordable housing units,
predominantly in Gurgaon.
• Gurgaon is growing rapidly in terms of
residential real estate, covers
approximately 71 percent of the total
new launches in Q1 2017.
• There has been an immense increase
from 8 percent in Q4 2016 to 71
percent in Q1 2017.
• Efficient urban planning, well-laid
infrastructure and better employment
opportunities are the major reasons
behind the increase in residential
development in Gurgaon.
Outer pie- Q1 2017
Inner pie -Q4 2016
TY
PO
LO
GY
O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IFIC
AT
ION
NE
W L
AU
NC
H S
UP
PL
Y
8%
10%
34%22%
8%
18%
1% 4%
11%
9%
71%
4%
Delhi Faridabad
Ghaziabad Greater Noida
Gurgaon Noida
0
1000
2000
3000
4000
5000
6000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Delhi Faridabad
Ghaziabad Greater Noida
Gurgaon Noida
0
1000
2000
3000
4000
5000
6000
De
lhi
Fa
rid
ab
ad
Gh
azi
ab
ad
Gre
ate
r N
oid
a
Gu
rga
on
No
ida
Apartments Plots Villas
NC
R
• NCR recorded more than 4 Lac units
under construction in first quarter of
2017.
• Greater Noida has the maximum
under construction supply and it is
more than cities like Chennai,
Hyderabad and Kolkata.
• As New Delhi has limited land bank
available, development has shifted
gradually towards satellite towns like
Greater Noida and Gurgaon.
• Noida Extension and Yamuna
Expressway in Greater Noida alone
account to 1 Lac under-
construction supply.
• NCR has maximum unsold
inventory and also has the
maximum new supply among the
top seven cities in India.
• Greater Noida has maximum
unsold inventory in NCR region
which is more than Kolkata,
Chennai and Hyderabad.
• Though 2 BHK apartments are the
most preferred property type, there
is an excess supply of 3 and 4 BHK
apartments, resulting in rise of
unsold stock. Delays in possession
also contributed to the unsold
inventory stock.
NC
R
UN
DE
R-
CO
NS
TR
UC
TIO
N S
UP
PL
Y
UN
SO
LD
IN
VE
NT
OR
YK
EY
R
EN
TA
L M
ICR
O M
AR
KE
TS
0
20000
40000
60000
80000
100000
120000
140000
160000
180000
200000
Bh
iwa
di
De
lhi
Dh
aru
he
ra
Fa
rid
ab
ad
Gh
azi
ab
ad
Gre
ate
r N
oid
a
Gu
rga
on
No
ida
4%9%
1%3%
18%
31%
21%
13%
Bhiwadi Delhi
Dharuhera Faridabad
Ghaziabad Greater Noida
Gurgaon Noida
Micro Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximum
(In INR)
Sushant Lok I 12000 16000 20000 30000 30000 65000
Golf Course
Road10000 13000 21000 40000 35000 70000
Sector-50 10000 13000 15000 20000 22500 32000
Sohna Road 9000 16000 19000 32000 25000 45000
DLF-III 8500 15000 20000 30000 25000 45000
Re
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REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
New cess plan for excess FSI in redevelopment projects in Mumbai suburbsThe State Government has proposed charging an additional cess of Rs 5,000
per sq. metre for construction over and above the permissible floor space
index (FSI) in case of redevelopment of old and dilapidated buildings in the
suburbsSRA stops flat sales in K Mordani Realty's luxury tower in Mumbai'sKhar over FSI fraudThe Slum Rehabilitation Authority (SRA) has ordered the builder to stop sale of
flats for fraudulently in obtaining and using more floor space index (FSI). It will
also direct the Bandra sub-registrar not to register apartment sales in 20-storey
tower, although it is learnt that the builder has already sold most of them
Mumbai Metro eyes real estate bonanza in Aarey Colony for funds
An alloted 8.6 acre area car depot for the Metro III project construction
planned inside the eco-sensitive Aarey Colony is to be used for real estate
development. The Mumbai Metro Rail Corporation (MMRC) executing Rs
23,136 Cr project has asked the State Government to permit FSI of 3 to
commercially exploit this plotBandra-Versova sea link gets environmental nod
About 10 km of proposed Bandra- Versova sea link got an environmental
clearance. The approval has been delayed as Maharashtra State Road
Development Corporation failed to produce required documentation
Blackstone to buy $250-mn stake in Raheja rental armPrivate equity giant Blackstone is set to buy a 15 percent stake in the office
holding company of K Raheja Corp. The deal is believed to be of around
$250 million (Rs 1,700 Cr), valuing the company at $1.6 billion
Capacit'e Infraprojects bags Rs 1,500 Cr orders
Capacit'e Infraprojects Ltd, a real estate construction company, has
obtained orders worth Rs. 1,500 Cr from leading real estate developers such
as the Oberoi, Wadhwa, Rustomjee and Kalpataru groups in Mumbai, Emaar
in Gurgaon and Ozone in Bengaluru
M M R R E S I D E N T I A L R E A L E S T A T E
Kalyan Shil
Road
3000
Units
PowaiAndheri West
Hiranandani
Estate
Borivali West
Malad West
Rasayani
1800
Units
Mira Road
1058
Units
Neral
1010
Units
Ambernath East
910
Units
JP Galaxy
Lodha Palava
City Central
Park
Piramal Revanta
Tiara Hills
Akshar
River Gate
• Out of total 11,199 units
launched in MMR in the present
quarter, Apartment typology
covered more than 99 percent
of the new launches.
• Only 20 plotted development
have been launched in Navi
Mumbai and there are zero
launches in the villa category.
• More than half of the
apartments have been
launched in Mumbai beyond
Thane region.
• Mumbai beyond Thane and
Navi Mumbai are the only two
regions which launched 4912
affordable housing units in the
price bracket of Rs. 0-40 Lac.
• Approximately 5000 units have
been launched in the mid
segment price bracket i.e. Rs.
40-80 Lac and there are less
than 1500 units launched in the
luxury and ultra luxury housing
segment.
• MMR registered an increase of 88
percent of new launch supply
compared to the previous quarter.
Beyond Thane region and Navi
Mumbai are the two micro markets
eyeing new residential development.
• Lack of space for the development
and high land prizes are major
reasons for shifting of the residential
development to the peripheral
regions of MMR.
• Mumbai South and Thane displayed
no growth in new residential supply.
Outer pie- Q1 2017
Inner pie -Q4 2016
12%
28%
19%
11%
6%
24%
59%
8%
2%
10%
3%
18%
Mumbai Beyond ThaneMumbai Central SuburbsMumbai HarbourMumbai Mira Road & BeyondMumbai SouthMumbai Western Suburbs
0
1000
2000
3000
4000
5000
6000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Thane
Navi Mumbai
Mumbai Western Suburbs
Mumbai South
Mumbai Mira Road & Beyond
0
1000
2000
3000
4000
5000
6000
7000
Mu
mb
ai B
eyo
nd
Th
an
e
Mu
mb
ai C
en
tra
l Su
bu
rbs
Mu
mb
ai H
arb
ou
r
Mu
mb
ai M
ira
Ro
ad
& B
eyo
nd
Mu
mb
ai S
ou
th
Mu
mb
ai W
est
ern
Su
bu
rbs
Na
vi M
um
ba
i
MMRApartments PlotsT
YP
OL
OG
Y O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IFIC
AT
ION
NE
W L
AU
NC
H S
UP
PL
Y
MM
R
• MMR stands second in terms of
under construction supply in Q1
2017 with a total of 3,72,405 units
under this category.
• Maximum under construction supply
in beyond Thane region which
comprise of 28 percent of the total
new under construction supply.
• High property rates, lack of space
for the development coerce
developers to move out from the
core areas of the city.
• MMR has second most unsold
inventory among top cities with a
sum of 1,71,758 unsold stock.
• Mumbai beyond Thane has
maximum new supply and the
unsold inventory which is more
than Chennai and Hyderabad,
followed by Mumbai Harbour and
Mumbai Central Suburbs.
• Dombivali East, Neral, Badlapur
West and Karjat account to
maximum unsold inventory in the
beyond Thane region.
MM
R
UN
DE
R-
CO
NS
TR
UC
TIO
N S
UP
PL
Y UN
SO
LD
IN
VE
NT
OR
YK
EY
R
EN
TA
L M
ICR
O M
AR
KE
TS
0
20000
40000
60000
80000
100000
120000
Mu
mb
ai B
eyo
nd
Th
an
e
Mu
mb
ai C
en
tra
l Su
bu
rbs
Mu
mb
ai H
arb
ou
r
Mu
mb
ai M
ira
Ro
ad
& B
eyo
nd
Mu
mb
ai O
the
rs
Mu
mb
ai So
uth
Mu
mb
ai W
est
ern
Su
bu
rbs
Na
vi M
um
ba
i
Tha
ne
28%
12%
5%7%
1%3%
12%
16%
16%
Mumbai Beyond ThaneMumbai Central SuburbsMumbai HarbourMumbai Mira Road & BeyondMumbai OthersMumbai SouthMumbai Western Suburbs
Micro Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximum
(In INR)
Powai 22000 32000 35000 60000 60000 120000
Andheri West 20000 30000 35000 60000 50000 100000
Hiranandani
Estate15000 20000 17000 23000 28000 50000
Borivali West 12000 20000 20000 30000 30000 50000
Panvel 8000 18000 15000 25000 25000 45000
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REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
New development control rules for Pune give more FSI, boost to Realty
Government of Maharashtra has given green nod to the FSI 4 in the
Development Control (DC) rules for Pune Municipal Corporation. It will boost
realty as many new construction will come up in the market
Government plans extension of transit oriented development toPuneTo crack down the emerging urbanization challenges, Union Urban
Development Ministry came up with a policy framework to promote livelihood
close to mass urban transit corridors. Policy suggests city densification to be
proposed along with the mass transit corridors through vertical construction
by substantially enhancing FSI
Pune International airport project to get DPR consultant soon
The Maharashtra Airport Development Company Limited (MADC) will select
the consultant for the Detailed Project Report for Pune International Airport.
Officials also said that once the consultant is appointed the DPR would be
ready in 4-5 monthsState nod for second phase of Pune metro soon says MaharashtraCM
Government of Maharashtra is looking to strengthen the transportation
facilities in Pune by integrating the Pune Metro with the Pune Mahanagar
Parivahan Mandal Limited and also giving green nod for the second phase of
Pune Metro
Embassy Industrial Parks to invest Rs 350 Cr in Pune project
A joint venture between Embassy Group and private equity firm Warburg
Pincus, are going to invest 350 Cr in Chakan, Pune. They are going to build
1.1 million sq. ft. industrial park
Lohegaon
496
Units
Kalyani Nagar
Baner
Chinchwad
Kothrud
Hadapsar
Wagholi
288
Units
Katraj-Kondhwa
Road
280
Units
Chakan
225
Units
Bhukum
220
Units
Park Vista
Ravinanda Trinity
Venkatesh Oxy
Bonita
Yashodhan
Dwarika Nagri
BIPL Raj Leela
P U N E R E S I D E N T I A L R E A L E S T A T E
• Out of 2793 units that were
launched in Q1 2017, North Pune
has launched highest number of
apartments in the city.
• Micro markets such as Chikhali,
Ravet and Dhanori of North Pune
are in high demand among the
home buyers because of
proximity to industrial and IT hubs.
• Moderate new launches are
seen in other zones of Pune with
apartments being the
predominant typology across the
city.
• Unsold inventory,
demonetization effect resulted
in to significant decrease in
new launches in Q1 2017
compared to the Q4 2016.
• The newly launched residential
units in the city are inclined
towards the affordable price
bracket with a whopping 1803
units being launched.
• The high-end segment
properties in the city sum up to
less than 500 units. .
• There has been very slight variation in
the zone-wise new launch supply in
Q1 2017 compared to the Q4 2016.
• Like previous quarter, North Pune has
witnessed maximum launches (4005
units) among all other zones.
• Central Pune has recorded zero new
launches in the previous as well as
present quarter.
• South Pune and East Pune registered
a total of 910 new residential unit
launches.
Outer pie- Q1 2017
Inner pie -Q4 2016
TY
PO
LO
GY
O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IFIC
AT
ION
NE
W L
AU
NC
H S
UP
PL
Y
12%
28%
41%
19%
17%
22%
44%
17%
Central Pune East Pune West Pune
North Pune South Pune
0
1000
2000
3000
4000
5000
6000
7000
8000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Central Pune East Pune West Pune
North Pune South Pune
0
200
400
600
800
1000
1200
1400
East Pune North Pune South Pune West Pune
Pune
Apartments Plots
PU
NE
• Pune city recorded 2,27,917 under
construction units in Q1 2017.
• The under construction supply graph
depicts balanced development in
all regions, except the central part
of Pune.
• North Pune has the highest under
construction units, followed by East
Pune, West Pune and South Pune.
• Chakan, Moshi, Dhanori, Pune
Sholapur Road, Undri, Hadapsar
and Wagholi are the top micro
markets displaying huge units which
are under construction.
0
10000
20000
30000
40000
50000
60000
70000
80000
Central
Pune
East
Pune
North
Pune
South
Pune
West
Pune
Pune
• Pune has around 92,310 stock in
the unsold inventory.
• North Pune has whopping 68,677
units in the unsold inventory due to
the increasing residential supply
inspite of huge existing housing
stock.
• Chakan, Ravet, Punawale, Ravet
are some of the micro markets
comprising of huge unsold stock in
the northern part of Pune.
• Central Pune has the least unsold
stock with 614 units in Kave Road
and Mangalwar Peth.
PU
NE
UN
DE
R-
CO
NS
TR
UC
TIO
N S
UP
PL
Y UN
SO
LD
IN
VE
NT
OR
YK
EY
R
EN
TA
L M
ICR
O M
AR
KE
TS
1%
22%
33%
23%
23%
Central Pune East Pune North Pune
South Pune West Pune
Micro Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximu
m
(In INR)
Kalyani
Nagar12000 18000 20000 30000 28000 50000
Baner 10000 15000 13500 20000 19000 35000
Chinchwad 7000 11000 12000 18000 18000 26000
Kothrud 8000 12000 14000 21000 20000 32000
Hadapsar 6500 11000 11000 18000 20000 35000
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REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
Tamil Nadu government creates new post in housing departmentfor regularization of buildings
Nudged by the Madras High Court to appoint officers exclusively to handle
the large pendency of exemption and regularization applications of builders
and developers, the State Government has created an additional secretary
(technical) post in housing and urban development department
Madras HC modifies ban on unapproved layouts, permitsindividuals to resell plots
All forms of sale, resale and registration of unapproved plots and layouts had
been put on hold since September 9, 2016 after the court had imposed a
blanket ban on such transactions
Water crisis may leave Chennai real estate sector high and dry
The water crisis is already taking a toll on residents and businesses, but one
area where it will have a multiplied effect is the construction sector
Corporation plans to go digital, to upgrade Chennai to smart city
To enhance its online profile, the corporation plans to set up a Command
and Control Centre (CCC), a system that will supply real-time information on
the status of civic utilities in the city. This information can be accessed by
those browsing the dedicated website or the smartphone app
Mahindra Lifespace's Chennai JV project with Japan's Sumitomo in final approval stage
Mahindra Lifespace’s Developers Ltd, through its subsidiary Mahindra
World City Developers Ltd has signed a Joint Venture with Japan's
Sumitomo Corporation to set up an industrial park at Ponneri in North
ChennaiShriram Properties to invest Rs 15,000 Cr on realty projects over 7-8years
Chennai-based Shriram Properties will invest Rs 15,000 Cr over the next 7-8
years for the development of around 30 ongoing projects, largely residential,
across six major cities
Nolambur
496
Units
Anna Nagar
OMR Road
Sholinganallur
Porur
OragadamSiruseri
Ottiyabakkam
320
Units
Sholinganallur
140
Units
Thiruporur
124
Units
Casa Grande
Nolambur
Lancor Altura
Plaza
Elite
Acres
Skylark Aavli
Arun Excello
Chandrika
359
Units
C H E N N A I R E S I D E N T I A L R E A L E S T A T E
• Out of the 2497 new residential
units launches in Q1 2017, South
and West Chennai witnessed the
highest number of apartment
launches.
• Approximately 71 percent of total
launches fall under apartment
typology.
• OM Road and Sholinganallur in
South Chennai, Sriperumbudur
and Oragadam industrial estate
in West Chennai are the rapidly
developing major micro markets
in terms of residential real estate.
• Chennai real estate market has
slowed down in Q1 2017
compared to Q4 2016.
• There is significant decline in Rs.
0-40 Lac and Rs. 40-80 Lac price
bracket launches.
• South Chennai has registered
launches in almost every price
bracket.
• The ultra-luxury properties with
price greater than 1.5 Crore
accounted for less than 1
percent of total new launch
supply.
• South Chennai covers major
residential development in Chennai.
• There is a 7 percent increase in
residential development in South
Chennai from Q4 2016 to Q1 2017.
South Chennai, being a business
hub in Chennai is attracting huge
residential development.
• West Chennai also has recorded
noticeable increase from the past
quarter.
• Central and North Chennai have
minimal or no new residential units
launched this quarter.
Outer pie- Q1 2017
Inner pie -Q4 2016
TY
PO
LO
GY
O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IFIC
AT
ION
NE
W L
AU
NC
H S
UP
PL
Y
23%
19%58%
34%
1%65%
Central Chennai West Chennai
North Chennai South Chennai
0
200
400
600
800
1000
1200
1400
1600
1800
2000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Central Chennai West Chennai
North Chennai South Chennai
0
200
400
600
800
1000
1200
Central
Chennai
North
Chennai
South
Chennai
West
Chennai
Chennai
Apartments Plots Villas
CH
EN
NA
I
• With 49,980 units under construction in
Chennai in Q1 2017, South Chennai
alone comprises about 80 percent
under this category. Mambakkam, Old
Mahabalipuram Road, Palikaranai,
Perumbakkam are attracting huge
residential development due to
presence of employment hubs.
• While West Chennai has around 700
under construction units, central region
of the city has the least number of
properties under-construction with the
predominant micro market being
Nungambakkam.
• Chennai city has 28,430 stock of
unsold inventory.
• South Chennai has maximum
unsold inventory attributing to
continuous new residential units
being launched Q-o-Q.
• Though IT corridors, Business
District make southern Chennai
the most preferable option for
residential development, this
region suffered the most during
South Indian floods in 2015,
making the homebuyers cautious
in purchasing properties in this
region.
CH
EN
NA
I
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
Central
Chennai
North
Chennai
South
Chennai
West
Chennai
Chennai
UN
DE
R-
CO
NS
TR
UC
TIO
N S
UP
PL
Y
UN
SO
LD
IN
VE
NT
OR
YK
EY
R
EN
TA
L M
ICR
O M
AR
KE
TS
1%4%
72%
23%
Central Chennai North Chennai
South Chennai West Chennai
Micro
Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximum
(In INR)
Anna Nagar 8000 11000 13000 24000 22000 35000
OMR road 7000 12000 12000 19000 22000 40000
Sholinganallu
r6000 9000 11000 17000 21000 28000
Porur 5000 7000 8500 14500 16000 30000
Oragadam 5000 7000 8000 14000 13000 20000
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REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
Land may be acquired under pooling model for Hyderabadmetropolitan region development
To curb unauthorized layouts and ensure a planned growth of the
metropolitan region, the Hyderabad Metropolitan Development Authority
(HMDA) has proposed implementation of land pooling scheme
More than 60 percent of Greater Hyderabad MunicipalCorporation budget unspent
The city corporation has spent only 36 percent of its budget of Rs 5,600 Cr for
the year, and has not taken up number of key projects for road improvement,
rejuvenation of lakes and the strengthening of infrastructure
Hyderabad Metro Rail seeks Rs 250 Cr loan for acquiring Metro land
The Telangana government advised HMRL to seek loan from other financial
institutions or banks. State has suffered revenue loss post-demonetization and
is short on funds for the Metro project
Telangana Government wants Hyderabad Metro Rail to be fast-trackedUnderlining the need for speedy work on the ongoing 72km elevated
Hyderabad Metro Rail (HMR) project, Telangana Chief Secretary SP Singh
directed senior officials to expedite acquisition of the affected properties in
different parts of the city
Puravankara sells land in Hyderabad for Rs 475 Cr
Puravankara has sold its 100 percent stake in three subsidiary companies. It
also includes the land to Hetero Group (a lead in pharmaceutical company
in India) for Rs 475 Cr. The subsidiary companies are expected to construct a
real estate project in Raidurg in Hyderabad
Altico Capital provides Rs 300 Cr credit line to Hyderabad’sPhoenix Group
The funding that will be made in tranches is proposed to be used by Phoenix
Group largely towards refinancing of some existing lenders and for
construction funding across two of its projects
Kokapet
571
Units
Banjara
Hills
Gachibowli
Jubilee
Hills
Hi-tech cityManikonda
Beeramguda
550
Units
Srisailam Highway
200
Units
Chanda
Nagar
50
Units
Gajularamaram
50
Units
Elemental
Earthwoods
Rajapushpa
Regalia
Ramky Greenview
Apartments
Supra Solar
Studios 1 . 0
Praveens
Luxuria
H Y D E R A B A D R E S I D E N T I A L R E A L E S T A T E
• Hyderabad city recorded a total
of 2239 new launches in Q1 2017,
with West Hyderabad having
maximum Apartment launches in
areas like Hi-tech City, Gachibowli
and Jubilee Hills.
• South Hyderabad and North
Hyderabad witnessed maximum
plot and villa unit launches.
• Availability of huge land parcels
drove the plotted development in
South Hyderabad.
• Hyderabad is the only city amongst all
other metro cities which showed a
significant increase in the properties
falling in the price bracket of Rs. 80
Lacs-1.5 Crore, when compared to the
previous quarter, Q4 2016.
• The highest launches (approx. 700
units) have been launched in the 40-
80 Lac price bracket.
• The infrastructure status to affordable
housing under the Union Budget
2017-18 has got minimal impact on
the residential market in Hyderabad.
• Hyderabad witnessed marginal
increase in the new launch supply
compared to previous quarter.
• There is a significant increase in the
number in North Hyderabad due to
upcoming ring road that will
connect northern and western parts
of the city.
• West Hyderabad has the second
highest launches in the city.
• Central and East regions showed no
new residential unit launches.
HY
DE
RA
BA
D
19%
1%
79%
1%
1%
44%
42%
13%
Central Hyderabad East Hyderabad
West Hyderabad North Hyderabad
South Hyderabad
0
100
200
300
400
500
600
700
800
North
Hyderabad
South
Hyderabad
West
Hyderabad
Hyderabad
Apartments Plots Villas
0
100
200
300
400
500
600
700
800
900
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Central Hyderabad East Hyderabad
West Hyderabad North Hyderabad
South Hyderabad
Outer pie- Q1 2017
Inner pie -Q4 2016
NE
W L
AU
NC
H S
UP
PL
Y
TY
PO
LO
GY
O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IFIC
AT
ION
• A total of 45,804 units are under
construction in Hyderabad in Q1
2017.
• West Hyderabad comprises about
80 percent of under construction
supply.
• Micro markets of West Hyderabad
namely Hi-tech City, Tellapur,
Gachibowli and Jubilee Hills
comprise of thousands of housing
units falling in the under construction
category.
• Central and East Hyderabad, put
together have less than 1000 units
under construction.
• Hyderabad city has 27,386 stock
of unsold inventory.
• West Hyderabad has maximum
unsold stock and East Hyderabad
has least stock with approx. 250
units under unsold inventory.
• Hi-tech City, Gachibowli,
Kondapur, Tellapur, Narsingi and
Jubilee Hills witnessed maximum
new supply as well as maximum
unsold inventory compared to the
other parts of the city.
HY
DE
RA
BA
D
0
5000
10000
15000
20000
25000
30000
35000
40000
Ce
ntr
al H
yd
era
ba
d
Ea
st H
yd
era
ba
d
No
rth
Hyd
era
ba
d
So
uth
Hyd
era
ba
d
We
st H
yd
era
ba
d
Hyderabad
UN
DE
R-
CO
NS
TR
UC
TIO
N S
UP
PL
Y
UN
SO
LD
IN
VE
NT
OR
YK
EY
R
EN
TA
L M
ICR
O M
AR
KE
TS
2%1%
15%
2%
80%
Central Hyderabad East Hyderabad
North Hyderabad South Hyderabad
West Hyderabad
Micro
Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximum
(In INR)
Banjara Hills 9000 14000 16000 25000 25000 45000
Gachibowli 9000 12000 13000 20000 20000 35000
Jubilee Hills 8500 12000 15000 25000 25000 45000
Hi Tech City 7000 11000 15000 22000 23000 40000
Manikonda 5000 7000 8000 12000 15000 25000
Re
alt
y U
pd
ate
s
REGULATORY UPDATES
INFRASTRUCTURE UPDATES
MAJOR DEALS
Save 20 percent on registering homes within 1 year of completionin West Bengal
The State Government offered incentives for timely registration of the
properties. Delayed property registration hold revenue which is nearly 4000
Cr. in a year. People can save about 20 percent if the registration of the
property is done within 1 year of completion
NHB asks housing finance company's directors to be `Fit & Proper'
The National Housing Bank has addressed all housing finance companies with
minimum asset of Rs. 50 Cr to follow the regulation of ‘Fit & Follow’. Aims at
strengthening of risk management tools and trying to regulate the smaller,
unlisted and new entrants more effectively
Township to be planned on Kolkata Port Trust land
Union Cabinet Ministry may allow Kolkata Port Trust to lease out for the
township based public-private partnership model. Kolkata Port Trust will now
draw the development guidelines on the basis of the Mumbai Port Trust
before realtors plunge into bidding
KMC budget focuses on infrastructure development
Kolkata Municipal Corporation focuses on infrastructure projects as KMC
have allocated about 1800 Cr for the infrastructure development in the city
for the financial year 2017-18. City will have improvement in areas of water
supply, roads, sewerage, solid waste management and parks
Falcon Brick gets Rs 4 Cr to build up
Many Kolkata real estate companies, foreign investors and domestic
investors have invested about Rs. 4 Cr in Bengaluru based start-up Falcon
Brick. Falcon brick provides the mobile-based solution for accelerating
construction of projects
Joka
4000
Units
EM Bypass
Ballygunge
Rajarhat
Narendrapur
Garia
New Town
1936
Units
Jafarpur
1100
Units
Barasat
500
Units
Diamond Harbour
Road
278
Units
Magnolia Sports
City
New Age Nirman
LLP Swayam
City
Madgul Antaraa
Usashi King Town
Dharitri
Universia
K O L K A T A R E S I D E N T I A L R E A L E S T A T E
• Kolkata city has witnessed a total
of 8302 new launches in Q1 2017,
out of which the predominant
launches fall in the apartment
typology.
• Few villa units have been launched
in East Kolkata and zero plotted
development has been recorded
in the city.
• South Kolkata witnessed maximum
number of apartment launches
while the central region saw very
minimal apartment launches.
• Like every other top metro city,
Kolkata also has launched the
highest new dwelling units in the
affordable price range.
• South Kolkata, followed by
northern and eastern zones have
registered good number of
affordable properties in the city.
• Western Kolkata, though has no
new affordable launches, has
launched units in the Rs. 40 Lac-
1.5 Crore price brackets.
• Kolkata city is witnessing a
transformation in the pattern of
residential development.
• South Kolkata is emerging in terms of
residential development due to
attributes such as good connectivity to
the city and affordable land prices.
• East Kolkata has witnessed steady
residential development whereas
western part of the city is the only zone
which has seen no residential
launches in the present quarter.
Outer pie- Q1 2017
Inner pie -Q4 2016
NE
W L
AU
NC
H S
UP
PL
Y
TY
PO
LO
GY
O
F N
EW
L
AU
NC
HE
SB
UD
GE
T C
LA
SS
IFIC
AT
ION
55%
12%
20%
13%
25%
1%
19%
55%
Central Kolkata East Kolkata
West Kolkata North Kolkata
South Kolkata
0
1000
2000
3000
4000
5000
6000
7000
8000
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
Q4
2016
Q1
2017
0-40 Lac 40-80 Lac 80 Lac-1.5
Crore
>1.5 Crore
Central Kolkata East Kolkata
West Kolkata North Kolkata
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Kolkata
Central
Kolkata East Kolkata
North
Kolkata
South
KolkataApartments Villas
KO
LK
AT
A
• Kolkata city recorded an approx. of
1,08,454 dwelling units falling in the
under construction stock in Q1 2017.
• Kolkata East has the maximum units
falling in the ongoing/under
construction category with the
maximum units registered in Rajarhat,
Rajarhat Road, EM Bypass and New
Town.
• Central Kolkata has the least under
construction supply (with approx. 395
units) due to saturation of the core
areas of the city.
• Kolkata city has nearly 52,656 units
of unsold inventory.
• South Kolkata accounts to 37
percent of unsold stock, which is
around 19000 housing units,
followed by East Kolkata.
• Joka in South Kolkata, Rajarhat
and EM Bypass in the eastern part
comprise of maximum amount of
the unsold inventory.
• Central Kolkata has mere 198 units
as unsold inventory.
KO
LK
AT
A
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
Kolkata
Central
Kolkata
East
Kolkata
North
Kolkata
South
Kolkata
West
Kolkata
UN
DE
R-
CO
NS
TR
UC
TIO
N S
UP
PL
Y
UN
SO
LD
IN
VE
NT
OR
YK
EY
R
EN
TA
L M
ICR
O M
AR
KE
TS
1%
33%
21%
37%
8%
Kolkata Central Kolkata East Kolkata North
Kolkata South Kolkata West
Micro
Market
1 BHK
Minimum
(In INR)
1BHK
Maximum
(In INR)
2 BHK
Minimum
(In INR)
2 BHK
Maximum
(In INR)
3 BHK
Minimum
(In INR)
3 BHK
Maximum
(In INR)
EM Bypass 9000 14000 15000 25000 25000 45000
Ballygunge 8000 12000 15000 25000 25000 40000
Rajarhat 6500 10000 12000 18000 14000 30000
Narendrapu
r6000 10000 10000 15000 15000 20000
Garia 5500 7000 8000 13000 14000 20000
BENGALURU
CHENNAI
Forecasted
increase/decrease
in number of unit
launches in Q2 201747%
32%
HYDERABAD
65%
MMR
19%
PUNE
11%
NCR
39%
KOLKATA
79%
F O R E C A S T F O R Q 2 2 0 1 7
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