monthly realty watch - … avenue rajarhat ... golf course extn. ... key localities in noida monthly...

MONTHLY REALTY WATCHNORTH & EAST INDIA - APR 2016

Confidential for Private Circulation Only

.

Key Insights

Page 01

Across North & East cities of the country, new launches during March witnessed a decline of ~79% over the previous month and ~80% over previous year. While these launches were witnessed across Noida and Kolkata, Gurgaon did not see any new launches in the month

Subdued demand, stagnant prices and pressure from unsold inventory across the cities, affected the liquidity scenario and hence resulted in decline in new launches

Prices of residential properties in Kolkata increased marginally across all localities, ranging between 1% to 14% annually

Prices in Gurgaon and Noida continued to fall coupled with decline in sales. In some localities, prices fell by 1-4% annually during March 2016

News & DealsReal estate firms DLF, Jindal Realty, M3M, Vatika, IREO, Supertech, Embassy Industrial Parks and Indiabulls have committed to invest a total of Rs.1,23,700 Crore in Haryana

Supertech announced an investment of Rs.5,706 Crore over 7 years to develop affordable housing and township projects in Haryana with potential employment generation for 5,000 people

Embassy Industrial Parks, a joint venture between Embassy Group and Warburg Pincus, signed a 1,910 Crore MoU with Govt. of Haryana for development of three industrial parks around Gurgaon which would generate 4,000 jobs

Infosys received the Government nod for setting up a sector specific SEZ for IT/ITeS in Mohali over an area of ~50 acres

Renowned international developer Hines and Abu Dhabi Investment Authority, along with private equity fund IREO, have backed Gurgaon-based developer Conscient Infrastructure to jointly develop a 10-acre residential project in Gurgaon

Three IT parks in Kolkata, spanning over an area of 5.5 Lac sq.ft., with a capacity to incorporate 12-25 companies in each, are likely to be operational very soon

As per the revised building bye-laws for Delhi, an integrated online single window approval process will allow builders to get approvalswithin 30 days

MONTHLY REALTY WATCH APR 2016 - NORTH & EAST

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Page 02

North & East India: Key new launches Mar’16

Apartment

Apartment

Wynn MigsunETA II

Greater Noida338 1,699

VPA Residency VPA InfratechPhase 2

Noida Extn.240 2,231

Kolkata

Utalika Luxury Ambuja Neotia

RechiConstruction

Mukundapur Apartment 147 6,000

Raycon View Sourav Ganguli Avenue

RajarhatNew Town

Apartment 80 2,950

12 Diamond Diamond Alipore Apartment 12 13,500


Project Name Developer Micro Market TypeLaunchUnits

Quoted Price(Rs./sq.ft.)

Noida

13,000

11,000

9,000

7,000

5,000

% Change(Y-O-Y)

Mar’15 Jun’15 Sep’15 Dec’15 Mar’16

Golf Course Extn. Road Sohna Road Dwarka Expressway

New Gurgaon

BS

P (R

s./s

q.ft

.)

0%

-1%

-5%

-5%

Page 03 MONTHLY REALTY WATCH APR 2016 - NORTH & EAST

Price TrendsKey Localities in Gurgaon

Price TrendsKey Localities in Noida


6,500

5,500

4,500

3,500

2,500

% Change(Y-O-Y)


Noida Expressway FNG Expressway Greater Noida

Noida Extension Yamuna Expressway

BS

P (R

s./s

q.ft

.)

-4%

0%

-2%

4%

-3%

Price TrendsKey Localities in Kolkata


15,000

11,000

7,000

3,000

% Change(Y-O-Y)


Ballygunge Salt Lake City Bonhooghly on BT Road

Garia Rajarhat New Town

BS

P (R

s./s

q.ft

.)

11%

6%

3%

4%

1%

DISCLAIMERAll data, figures, information provided hereto are provided and/or collated by Proptiger.com and that any of its representatives, officers, employees or affiliates makes no representations or warranties as to the accuracy or completeness of any information furnished hereto. This report has been prepared by Proptiger Data Labs solely for information purposes. It does not purport to be a complete description of the markets or developments contained in this material. The information on which this report is based has been obtained from sources that Proptiger believes in its reasonable bona fide faith to be reliable, but Proptiger has not independently verified such information and do not guarantee/ warranty the accuracy, genuineness or completeness of the information therein. This report contains information available to the public and has been relied upon by Proptiger on the basis that it is accurate and complete. Information contained herein should not, in whole or part, be published, reproduced or referred to without prior approval. Proptiger accepts no responsibility if this should prove not to be the case. Any such reproduction should be credited to Proptiger Data labs. ©2016 Proptiger.com. All rights reserved LIMITATION OF WARRANTYThe Information is provided “as is”, without warranty of any kind, it has not been independently verified by Proptiger or Its Affiliates, Officers, Employees or Agents and use of the Information is at your sole risk. Proptiger or Its Affiliates, Officers, Employees or Agents shall not be liable and expressly disclaim liability for any error or omission in the content of the Information, or for any actions taken by you or any third party, in reliance thereon. The Information is not guaranteed to be error-free, or to be relied upon for investment purposes, and Proptiger or Its Affiliates, Officers, Employees or Agents make no representation or warranty as to the accuracy, truth, adequacy, timeliness or completeness, fitness for purpose, title, non-infringement of third party rights or continued availability of the Information, withdrawal without notice and to any special conditions imposed by our principals.

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monthly realty watch - … avenue rajarhat ... golf course extn. ... key localities in noida monthly...

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