realty realm gurgaon november 2011

8/3/2019 Realty Realm Gurgaon November 2011

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November 2011

Realty Realm : Gurgaon

Gurgaon is the second largest city and the industrial and financial center of Indian state Haryana. It is located 30 km south of the national capital New Delhi. It is one of Delhi's four major satellite cities and is part of the National Capital Region of India.An 8 lane expressway, NH8, connects Gurgaon to Delhi and has reduced travel time between the two cities considerably.Gurgaon is also the only Indian city to have successfully distributed electricity connections to all its households. MultinationalCompanies choose to locate their operations in Gurgaon and have made it the call centre capital of India and an importantfinancial center.

Basic Outlook

Driven by a demand from ITeS Sector and residential buyer, 2005 2008 saw rise in property values, making Gurgaon anattractive destination for investor community. With the economy entering a slowdown in 2009, the proportion of end usersincreased due to significant correction in property prices. Developers therefore launched a number of new projects. Thissector account for 28% of the total planned supply in the NCR region.

For specific research we have divide Gurgaon in 4 sectors:Sector A: DLF City / Golf Course Road

Sector B: Golf Course Extension RoadSector C: Sohna RoadSector D: Manesar

Map of Gurgaon

Sohna Road

Source: Internal Research


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November 2011


Sector A: DLF City / Golf Course Road

This micro market comprises of prominent localities such as DLF Phase I V, Golf Course Road and Sushant Lok. Being theresidential, retail and commercial hub of the city, this sector is well connected to Delhi. Business travelers are attracted dueto the significant presence of MNCs and blue chip companies here. One of the top rated business schools, ManagementDevelopment Institute is located in this area. DLF Mega Mall, Gallerias and Entertainment Parks such as Kingdom of Dreamsform the landmarks for this region. Comprising mainly of high income growth population, this catchment has considerablespace constraints making upcoming supply limited.

List of Projects Property Value

July 2011 saw residential property prices for this micromarket at Rs.7500 per sq.ft. levels, increasingconstantly since 2010.

75008000

Project Name Developer Location No. of

Units

The Belaire DLF Ltd DLF City Phase V 560

Esencia Ansal API Golf Course Road 300

300035004000450050005500600065007000

5 6 7 1 2 1 2 1 2 1 1

R s

. / S q

. F tThe Magnolias DLF Ltd Golf Course Road 360

The Verandas Saluja Construction

Company Ltd Golf Course Road 166

La Laguna Suncity Projects Ltd. Golf Course Road 314

OuraniaNeelkanth Town Planners Pvt. Ltd. Sector

53, Golf Course Rd 325

Supply Segmented Unit Wise

H1: First Half ; H2 Second Half

Supply in Various Price SegmentsMajority of the residential property prices in this region fall in the

rice ran e of above Rs.1 Cr. Ca ital values are hi her in this area

2 0 0

2 0 0

2 0 0

2 0 0 8 H

2 0 0 8 H

2 0 0 9 H

2 0 0 9 H

2 0 1 0 H

2 0 1 0 H

2 0 1 1 H

J u l 1

This sector comprises mainly of 3BHK, 4BHK and 5BHKunits with an avera e area of 2000 s .ft, 3500 s .ft and

ParsvnathExotica

Parsvnath Developers Ltd. Sector 53, Golf Course Rd 900

La Lagune ABW Infrastructure Ltd Sector 54 315

as it is the heart of the city.

Upto 1 Cr. 40%

Rs.45 Cr. 5%

Rs.5 Cr. & Above 10%

6000 sq.ft respectively.

2 BHK 35%

5 BHK 20%

Rs.12 Cr. 10%

Rs.23 Cr. 10%

Rs.34 Cr.

25%

3 BHK 20%

4 BHK 25%

Disclaimers: List of projects provided are indicative and not exhaustive. Source: Internal Research

Residential property prices have seen a considerable increase in the year 2011 due to steady demand for apartments fromthe upper and middle class segments. Property prices are expected to be on an upward slope for the year 2012.


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November 2011


Sector B: Golf Course Extension Road

This micro market comprises of Sector 49,50,56 63 and 65 69. This location has gained prominence due to decliningaffordability levels and limited space availability of Golf Course Road/ DLF City. Good connectivity with Sohna Road and Golf Course Road has lead to rapid commercial developments in this region. This area caters primarily to the upper middle classand high income category population.


Economic slowdown saw the property values dippingto the lowest level in first half of 2009. However, anuptrend is noticed in the same since then.

4500

5000

5500

S q

. F t


UnitsSovereign Apartments Vatika group Sector 49 200M2K Spring Floor M2K Infrastructure Pvt Ltd. Sector 50 100The Hibiscus SS Group Sector 50 270Harmony Unitech Sector 50 340WoodStock Floors Unitech Sector 50 147South City II Unitech Sector 50 1224Escape Unitech Sector 50 600The Close Unitech Sector 50 360


3000

3500

2 0 0 8 H 1

2 0 0 8 H 2

2 0 0 9 H 1

2 0 0 9 H 2

2 0 1 0 H 1

2 0 1 0 H 2

2 0 1 1 H 1

J u l 1 1

R s .

The Palm Spring Emaar MGF Sector 54 309Aloha Aerens Developers & Engineers Sector 57 187The Grand Arch IREO Sector 58 1500Raisina Residency Tata Housing (JV with Raheja) Sector 59 299IREO Skyon IREO Sector 60 750Pioneer Park Pioneer Urban Land & InfraLtd. Sector 61 900Emerald Floors Premier 3 Emaar MGF Sector 65 300Emerald Floors Emaar MGF Sector 65 500Emerald Floors Select Emaar MGF Sector 65 50

Relatively more affordable than Sector A, almost 60%of the upcoming supply falls in the Rs.1 3 Cr bracket.

upp y n ar ous r ce egmen s

Upto

Rs.0.75 Cr. 7%

Rs.0.75 1

Rs.3 Cr. & Above 19%

Emerald Estate Emaar MGF Sector 65 888Golf Estate M3M Developers Sector 65 1400Park Prime BPTP Ltd. Sector 66 466BPTP Mansions Park Prime BPTP Ltd. Sector 66 168Palm Studio Emaar MGF Sector 66 48Palm Terraces Emaar MGF Sector 66 200Marbella Emaar MGF Sector 66 400Palm Drive Sky Terraces Emaar MGF Sector 66 100Palm Drive Premier Terraces Emaar MGF Sector 66 1000

Cr. 15%

Rs.11.50 Cr. 29%Rs.1.50 2

Cr. 20%

Rs.23 Cr. 10%

IREO Uptown IREO Sector 66 600Park View Spa Next Bestech India Pvt. Ltd. Sector 67 440Victory Valley IREO Sector 67 800M3M Merlin M3M Developers Sector 67 500Skyville Era Group Sector 68 800Tulip Purple Tulip Infratech Pvt. Ltd. Sector 69 350Tulip Violet Tulip Infratech Pvt. Ltd. Sector 69 1152Sunbreeze Unitech Sector 69 672

Residential property prices have increased marginallyover the year 2011. Capital values are expected toimprove in the year 2012 due to this regions proximityto other sectors.

OverviewSupply Segmented Unit Wise

Majority of this sector comprises mainly of 2BHK, 3BHK and 4BHKunits with and average area of 1250 sq.ft, 2000 sq.ft and 2750sq.ft. respectively

2 BHK 20%5 BHK 5% Villas 5%

3 BHK 35%

4 BHK 35%



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November 2011


Sector C: Sohna RoadThis micro market comprises of Sectors 30, 31, 38, 40, 41, 45 48, 51, 52, 70 73. A lot of investor interest has been noticed inthis sector for both residential and commercial developments. Middle income group population is the target segment forthis micro market. Orchid Business Park, Iris Tech tower and Universal Trade Towers are the landmark commercial spaces inthis locality.


Property prices for this sector has seen a steadyincrease since the second half of 2009. However pricesremained stable in July 2011.

3500

4000

4500

5000

s . /

S q

. F t


Units

The World Spa Unitech Sector 30 1056

The Villas Unitech Sector 33 206

The Residences Unitech Sector 33 1300

Park View Spa Bestech India Pvt. Ltd. Sector 47 400

Uniworld Gardens II Unitech Sector 47 672


2000

2500

3000

2 0 0 5

2 0 0 6

2 0 0 7

2 0 0 8 H 1

2 0 0 8 H 2

2 0 0 9 H 1

2 0 0 9 H 2

2 0 1 0 H 1

2 0 1 0 H 2

2 0 1 1 H 1

J u l 1 1

RBelgravia

Phase

II Central

Park

Estates

Pvt

Ltd Sector

48 432

Belgravia Phase III Central Park Estates Pvt Ltd Sector 48 432

Belair Phase IV Central Park Estates Pvt Ltd Sector 48 NA

Tatvam Villas Vipul Group Sector 48 290

Palm Grove Heights Ardee Infrastructure Pvt. Ltd. Sector 52 300

Marina Floors Pal Infrastructure & Developers Pvt. Ltd. Sector 70 260

Tulip Ivory Tulip Infratech Pvt. Ltd. Sector 70 264

50% of the planned supply in this region falls in theRs.0.50 1 Cr. bracket and another 40% falls in theRs.1 Cr. and above category.

upp y n ar ous r ce egmen s

Upto Rs.0.50 Cr.

10%Rs.2Cr. &

Above 20%

South Park Unitech Sector 70 800

Astarire Gardens BPTP Ltd. Sector 70A 100

CHD Avenue 71 CHD Developer Sector 71 863

Avenue 71 Roots Developers Pvt. Ltd. Sector 71 650

Alder Grove Phase II Unitech Sector 71 200

Nirvana Country 2 Unitech Sector 71 230

Rs.0.50 1 Cr. 50%

Rs.11.50 Cr. 10%

Rs.1.50 2 Cr. 10%

Unitech Exquisite Unitech Sector 71 312

Primanti Tata Housing Sector 72 900

Canary Greens Today Homes and Infrastructure Ltd Sector 73 608

Spaze Privy Spaze Towers Pvt. Ltd. Sohna Road 530

Capella Uniworld City Unitech Sohna Road NA

Vistas Unitech Sohna Road 896

It is expected that the increasing mismatch in demand supply due to the general slowdown in the economywill keep the residential property prices stable in 2012.

OverviewSupply Segmented Unit Wise

70% of this sector comprises mainly of 2 3BHK units. 1200 3200sq.ft. is the average size of apartments in this micro market.

1 BHK 8%

2 BHK 35%

4 BHK 15%5 BHK 3%

Villas 3% Duplex/ Penthouse 1%

3 BHK 35%



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November 2011


Sector D: Manesar

This micro market comprises of Sectors 76 95, 99 113 and M1 M15. Catering mainly to the auto componentsindustry, commercial activity here is present in the form of small and medium sized units along NH 8. This region has limitedsocial infrastructure in place and comprises of under construction projects of a number of developers. Industrial ModelTownship (IMT) is an important landmark for this sector. Large container trucks for transporting cars is a common sight onNH8 due to the presence of Maruti Udyogs manufacturing facility. The proposed metro connectivity and improvement ininfrastructure will improve real estate projects in this region.

Residential property prices have been stable fromsecond half of 2010 with average capital value atRs.3100 per sq.ft. in July 2011.

Catering mainly to the middle income population, 30% of theplanned supply falls in the Upto Rs.0.50 Cr. bracket and 40% inthe Rs.0.50 0.75 Cr. bracket.

Supply in Various Price Segments Property Value

3500

F t

Rs.2 Cr. & Above 8%

1500

2000

2500

2 0 0 5

2 0 0 6

2 0 0 7

8 H 1

8 H 2

9 H 1

9 H 2

0 H 1

0 H 2

1 H 1

u l 1 1

R s

. / S q

.p o . r. 30%

Rs.0.50 0.75

Rs.0.75 1 Cr. 15%

. .


Few houses and industrial units are noticed inManesar, being an emerging residential region inGurgaon. This leads to limited end user demand forresidential units. Given the slowdown in the economy

2 0

2 0

2 0

2 0

2 0

2 0

2 0

JCr. 40%

Supply Segmented Unit Wise Overview

90% of this sector comprises mainly of 2BHK, 3BHK and 4BHKunits with and average area of 1200 sq.ft, 1800 sq.ft and 2800sq.ft. respectively

and oversupply pressures, property values areexpected to remain stable in 2012.

1 BHK 1%

2 BHK 29%

4 BHK 21%

5 BHK 3%Villas 5%

Dup ex Penthouse

1%

3 BHK 40%

Source: Internal Research


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November 2011


List of Projects Project Name Developer Location No. of UnitsEarth Copia Earth Infrastructure Dwarka Expressway 600

Aditya Niketan ABW Infrastructure

Ltd NH

8 3000Express Greens DLF Ltd Sector 1 676

Amstoria BPTP Ltd. Sector 102 420Centrum Park India Bulls Sector 103 1100Estella Siddhartha Group Sector 103 557Raheja Vedanta Raheja Developers Sector 108 603The Vedas Raheja Developers Sector 108 200Chintel Paradiso Chintels India Ltd Sector 109 NAShilas Raheja Developers Sector 109 184Raheja Atharva Raheja Developers Sector 109 480Raheja Srishti Raheja Developers Sector 109 NASobha International City Sobha Developers Sector 109 840Enigma India Bulls Sector 110 400Mahindra Aura Phase III Mahindra Lifespace Developers Ltd Sector 110 110Capital Gateway Tashee Group Sector 111 468Ninex Corona Ninex Group Sector 37 800

ILD Spire Greens ILD Millennium Pvt Ltd Sector 37C 800Ambience Island Catriona Ambience Infrastructure Sector 37D 335Park Serene BPTP Ltd. Sector 37D 504Park Serene Phase II BPTP Ltd. Sector 37D 616Spacio Park Serene BPTP Ltd. Sector 37D 488Ramprastha City Ramprastha Builders Sector 37D 600Karma Lakelands Unitech Sector 37D 328Verona Hills ABW Infrastructure Ltd Sector 76 600Nonex City Ninex Group Sector 76 400Palm Hills G Vector Sector 77 450Winter Hills Umang Realtech Pvt Ltd Sector 77 NACourtyard Roots Developers Pvt Ltd Sector 78 105Monsoon Breeze Phase I Umang Realtech Pvt Ltd Sector 78 NAMonsoon Breeze Phase II Umang Realtech Pvt Ltd Sector 78 NAGodrej Frontier Godrej Properties Sector 80 NARaaga Akme Group Sector 80, NH8 500Park View Ananda Bestech India Pvt Ltd Sector 81 720Lavanya Apartments Vipul Group Sector 81 570Mapsko Casa Bella Mapsko Group Sector 82 912Mapsko Royal Ville Mapsko Group Sector 82 650Universa Aura Universa Group Sector 82 NABelleuve Residences Vatika group Sector 82 412Belleuve Residences Vatika group Sector 82 412Vatika India Next Vatika group Sector 82 550Palm Garden Emaar MGF Sector 83 1200Vatika India Next Gurgaon 21 Vatika group Sector 83 970Vatika India Next Lifestyle homes Vatika group Sector 83 418GurgaonOne Alpha G Corp Sector 84 NAAntriksh Heights Antriksh Engineers Construction Corp Sector 84 960The Coralwood SS Group Sector 84 522

gna ure as a a group ec or Carnation Residency Orris Infrastructure Pvt Ltd Sector 85 1200Aster Court Orris Infrastructure Pvt Ltd Sector 85 1326City Homes Vatika group Sector 85 639Town Houses DLF Ltd Sector 86 80Tulip Ace Tulip Infratech Pvt Ltd Sector 89 266Tulip Petals Tulip Infratech Pvt Ltd Sector 89 280New Town Heights DLF Ltd Sector 90, 91 3100The Fernhill Ansal API Sector 91 780Parkwood Westend Parkwood Group Sector 92 300

Raheja Sampada Raheja Developers Sector 92 336Pal City Park Pal Infrastructure & Developers Pvt Ltd Sector 95 800NCR One Sidharatha Group Sector 95 548NCR Greens Sidharatha Group Sector 95 376



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November 2011


Disclaimers

This Document is for information only and should not be regarded as an offer to sell or as a solicitation of an offer to buy

the property mentioned in it. In case you require further information you are requested to contact your advisor or write [email protected] .IIFL Wealth Management Limited may receive financial benefits out of circulation of this document or subsequent sale of thereof.

information, however IIFL Wealth Management Limited does not guarantee its accuracy and completeness of informationcontained herein above. The opinions expressed are current opinions as of date of this report and may be subject tochange from time to time without notice.India Infoline Limited (IIFL) or any of its associates/ affiliates directly or through its/their employees assumes noresponsibility for any transaction(s) or their consequences, entered into on the basis of this document.Potential investors are required to check any and all data and information, title of the property and verify the terms andconditions of the investment proposal directly with the developer/ seller before committing to any transaction.

realty realm gurgaon november 2011

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