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MONTHLY REALTY WATCHWEST INDIA - JULY 2016
Confidential for Private Circulation Only
.
Key Insights
Page 01 MONTHLY REALTY WATCH JULY 2016 - WEST
Residential launches in western region of India declined by 66% as compared to previous month due as the focus remained on
clearing of unsold inventory across the cities. Mumbai accounted for 71% of the new launches witnessed during the month followed by
Pune (19%) and Ahmedabad (10%)
Majority of Pune’s localities saw the annual price appreciation in the range of 2% to 3%. However, Viman Nagar witnessed a price
appreciation of over 20% over the past 12 months primarily due to increased commercial activities in the area
Price trends in Mumbai and Ahmedabad during the month largely remained range-bound
News & Deals:Mumbai Metropolitan Region Development Authority(MMRDA) has allowed residential development on the plots reserved for
commercial establishments in BKC, with a condition that residential component on commercial plot should not exceed 30 per cent of
the total construction area
Kanakia Group acquired a land parcel in Kanjurmarg, Mumbai, admeasuring 2.5 acres, for a consideration of Rs. 125 Crores from
Windsor Realty
BlackSoil Realty Fund invested Rs. 35 Crore in Sankrit Group's two under-construction projects in Bandra, Mumbai
Page 02
West India : Key new launches Jun’16
Project Name Developer Micro Market Type Launch Units Quoted Price
(Rs./sq.ft.)
Paladium Phase - 1 Sanghvi Gruha Ghatkopar East Apartment 836 9,000
Castle Rock Hiranandani Developers Powai Apartment 520 19,100
Vaikunth Phase 2 Piramal Thane West Apartment 176 9,160
New Launch Kalpataru Powai Apartment 84 19,627
Yashodhan Kalpataru Andheri West Apartment 52 33,936
Megapolis Smart Home IV Pegasus Properties Pune Hinjewadi Apartment 280 4,800
Belva Sarthak Housing Kondhwa Apartment 80 4,300
Song Of Joy Phase - 2 Gera Kharadi Apartment 60 6,150
Shantivan Sarthak Housing Dhayari Apartment 50 4,200
Smart City 3 Keshavpriya Corporation Nava Naroda Apartment 126 1,566
Residency 2 The Festival Group Near Vaishno Devi Circle
On SG Highway Apartment 120 2,777
Mumbai
Pune
Ahmedabad
MONTHLY REALTY WATCH JULY 2016 - WEST
-1%-
-
53,000
48,000
43,000
38,000
33,000
28,000
23,000
18,000
13,000
8,000
3,000
*BS
L(R
s./s
q.ft
.)
Jun'15
Worli Goregaon East Mulund West Thane West
Airoli Mira Road Virar
Sep'15 Dec’15 Mar’16 Jun'16
% Change(Y-O-Y)
-6%
1%
-1%
1%
-3%
-4%
-3%
Page 03
Price TrendsKey Localities in Mumbai
MONTHLY REALTY WATCH JULY 2016 - WEST
% Change(Y-O-Y)
Viman Nagar Baner Wakad Hinjewadi
Kondhwa Wagholi Chakan
21%
3%
2%
-3%
-1%
0%
1%
BS
P (R
s./s
q.ft
.)
Jun’15 Sep’15 Dec’15 Mar’16 Jun’16
10,500
8,500
6,500
4,500
2,500
Page 04
Price TrendsKey Localities in Pune
MONTHLY REALTY WATCH JULY 2016 - WEST
% Change(Y-O-Y)
Satellite Ambavadi Thaltej Makarba
Chanakyapuri Near Nirma University on SG Highway
-6%
1%
-6%
3%
-2%
2%
BS
P (R
s./s
q.ft
.)
Jun’15 Sep’15 Dec’15 Mar’16 Jun’16
7,500
6,500
5,500
4,500
3,500
2,500
Page 05
Price TrendsKey Localities in Ahmedabad
MONTHLY REALTY WATCH JULY 2016 - WEST
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