propindex | magicbricksproperty.magicbricks.com/.../propindex_gurgaon_ond2019.pdf · 2020-04-01 ·...

PropIndex | Magicbricks

Residential Market Insights

Infrastructure improvement to support demand in Gurugram

Although residential demand in Gurugram has been dull for some time now, the city is improving its infrastructure.The Gurugram Metropolitan Development Authority (GMDA) and local civic body have cleared new underpasses andoverbridges on several stretches on NH48, from Hero Honda Chowk to Northern Peripheral Road (NPR).

Also, the city witnessed increased activity in builder floors segment after the announcement of the opening ofregistration of the fourth floor in November 2018. Accordingly, now one can get the registration of the fourth floorindependently by paying one-third (1/3rd) of the applicable external development charges for respective urban areasagainst the plot area.

5 YearChange YoY QoQ

1.0%-2.1%-3.9%

5 YearChange YoY QoQ

-0.6%-4.6%-4.3%

"Under-constructionproperties witnessedconsistent decline inthe last four quarterswith 4.6% YoYdecrease"

Gurugram Q4 2019

Parameters India Gurugram Demand+ +4.0% -2.5%Supply++ +1.5% -4.0% Price Index+++ +1.2% +1.0%

"Average city levelprices hovering

between INR 7000 to8000 per sq ft

significantly higherthan the other satellitecities of Delhi"

Notes: + represents the QoQ change in volume of propertysearches on Magicbricks website in Q4 2019 ++ represents the QoQ change in volume of active listingson Magicbricks website in Q4 2019 +++ represents the QoQ change in the weighted averageprice at India and city level

Source: Magicbricks Research

Key Developers based onactive listings

DLF Limited

Vatika Group

Emaar India

Bestech Group

Unitech Group

Godrej Properties

ATS Infrastructure

Tulip Infratech

Pioneer Urban

SS Group

Key Projects based onconsumer searches

Tata Primanti Sector 72

Vatika Emilia floors Sector 82

MVN Athens Sohna Sector 5 Sohna

DLF Park Place Sector 54

Essel Towers M G Road

Princeton Estate DLF City Phase 5

Malibu Town Sector 49

Ansals Palam Vihar Palam Vihar

Valley View Estate Gwal Pahari

Uppal Southend Sector 49

Price Bracket (INR/sqft)

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

RM UC RM UC RM UC RM UC

-2.1%

2.0%

0.5%1.1%

-0.1%

1.0%

-3.8%

1.7%

QoQ changes in various price segments

Market Dynamics

Ready to Move Price Index

Under Construction Price Index

- We expect improvement ininfrastructure and connectivity inGurugram in 2020 with the scheduledcompletion of Dwarka Expressway andcouple of underpasses and overbridgeson NH48.

- Localities such as Golf CourseExtension Road and New Gurgaon areexpected to see improvement in socialinfrastructure with residents moving inthese locations.

- We expect increased supply in builderfloor segment in 2020 due to theopening of fourth-floor registration.

"Buyers continue toremain cautioustowards

Under-constructionsegment fearing project

delays "

Key Trends to Watch Out

2014 2015 2016 2017 2018 2019 2020

5,000

6,000

7,000

8,000

9,000

10,000

Avg. Price psf

2014

2015

2016

2017

2018

2019

2020

5,000

6,000

7,000

8,000

9,000

10,000

Avg. Price psf

Average Price INR psf

Average Price INR psf

Note:The above table represents the top developers by numberof active listings on Magicbricks website in Q4 2019


Note:The above table represents the top projects by consumerpreference on Magicbricks website in Q4 2019


Notes:1. Ready to move price index represents the weighted average price of completed properties listed in the city on Magicbricks website as on Q4 20192. The data represents price trend for properties in multistorey and builder floors only Source: Magicbricks Research

Notes:1. Under-construction price index represents the weighted average price of under-construction properties listed in the city on Magicbricks website as on Q4 20192. The data represents price trend for properties in multistorey and builder floors only


Note:Above table represents the price changes for Ready to move (RM) and Under construction (UC) properties on Magicbricks website in Q4 2019 for various price buckets


Page 1© magicbricks.com

1 BHK7%

Above 3 BHK19%

3 BHK49%

2 BHK26%

DEMAND

Demand Supply Analysis Gurgaon Q4 2019

Mid and affordable segments driving demand

Demand and supply concentrated in 3BHK configurationConsumers going for big butaffordable houses

In Gurugram, maximum searches and listingswere in 3 BHK segment primarily due toavailability of options in this category. Strictdensity norms in Haryana imply that themaximum number of apartments are in 3BHKformats.

"The investment ticket size inGurugram is significantly largerthan other satellite cities ofDelhi such as NOIDA and

Faridabad due to higher averageprices (INR 7580 per sq ft) and

bigger formats."

- 3BHK and above configurations had about 80%of the total listings in Gurugram, whilecontributing to less than 70% of the searches.Only 21% of the listing were in 1 and 2 BHKformats.

- The locations near employment hubs like SohnaRoad, New Gurgaon, Golf Course Extension Roadranked highest in terms of consumer searchesshowing inclination towards walk to workculture.

- Due to the addition of new units in several newprojects, Golf Course Extension Road, SohnaRoad and New Gurgaon have maximum listings.

Top Micromarkets by consumersearches

Propensity of demand and supply in terms of searchesand listings by localities

1 BHK2% 2 BHK

19%

3 BHK53%

Above 3 BHK26%

SUPPLY

7500-1000024%

5000-750038%

> 1000015% < 5000

23%

SUPPLY Price buckets in INR per sqft

Top Micromarkets by activelistingsa

7500-1000018%

5000-750034%

> 1000013%

< 500035%

DEMAND Price buckets in INR per sqft

Notes:1. Demand represents property searches on Magicbricks website during Q4 2019, segregated by Bedroom, Hall, Kitchen (BHK) configuration2. Supply represents active listings on Magicbricks website during Q4 2019, segregated by BHK configuration


.Notes:1. Demand represents property searches on Magicbricks website during Q4 2019, segregated by price buckets2. Supply represents active listings on Magicbricks website during Q4 2019, 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 Q4 20192. 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 Q4 20192. 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 Q4 20192. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.


Dwarka Expressway

Ashok Vihar Phase 2

New Palam Vihar

Model Town

Palam Vihar

New Colony

Sector 36A

Sector 70ASector 82A

Sector 102

Sector 103

Ardee City

Sector 31

Sector 63

Sector 67

Sector 69

Sector 92

M G Road

Suncity

© OpenStreetMap contributors

Demand/SupplySupply

Sohna Road 4510 - 15893

New Gurgaon 2150 - 8294

DLF 5891 - 15138

Golf Course Extn 4189 - 12551

Golf Course Road 6320 - 19034

Old Gurgaon 2683 - 11197

Sushant Lok 2 & 3 5015 - 8487

11

22

33

44

75

56

67

Golf Course Extn 4189 - 12551

Sohna Road 4510 - 15893

New Gurgaon 2150 - 8294

Golf Course Road 6320 - 19034

DLF 5891 - 15138

Dwarka Expressway2327 - 10282

Sushant Lok 2 & 3 5015 - 8487

11

22

33

64

45

56

77

Micro-Market Price Range Q4 Rank Q3 Rank

(Price in INR per Sqft)

Micro-Market Price Range Q4 Rank Q3 Rank


Note:1. Size of the bubble depicts demand, measured by volume of property searches in localities in Q4 20192. Color of the bubble represents price change in Q4 2019, 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.

Locality NameAvgPrice

QoQChange

Dhorka

Rajendra Park

Sector 37c

Sector 37d

Sector 78

Sector 84

Sector 85

Sector 89

Sector 90

Sector 91

Sector 92

7.6%

3.1%

-6.5%

7.7%

4.1%

7.4%

-1.6%

7.2%

-6.9%

3.8%

4.0%

-7.6%

6.0%

2.7%

-6.1%

6.6%

4,680

4,559

4,885

3,058

3,763

4,294

4,439

4,955

4,124

4,646

4,901

4,052

4,743

4,546

3,351

3,784

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

Price Analysis Gurugram Q4 2019

- Most of the established sectors in Gurgaon falls under the price range of INR 5000 to 10,000 per sq ft- For properties below INR 5,000 per sq ft, there are very limited options in Main Gurugram, and one has to look for sectors in New-Gurgaon, Dwarkaexpressway or the city of Sohna (South of Gurugram).- On a QoQ basis, most of the peripheral localities in Gurugram witnessed 2% to 7% increase in listing prices, indicating a revival in consumer interest on theback of improving connectivity.


Dlf City Phase 31.2%

Palam Vihar-7.6%

New Colony-6.9%

Sector 1026.9%

Sector 1046.4%

Sector 112-0.1%

Sector 37d6.0%

Sector 70a4.8%

Sector 81a7.2%

Sector 88a-6.6%

Sector 224.0%

Sector 311.1%

Sector 33-5.2%

Sector 597.4%

Sector 636.8%

Sector 686.9%

Sector 91-1.6%

© OpenStreetMap contributors


QoQChange

Sohna Road

Sector 45

Sector 111

Malibu Town

Dharampur

Sector 47

Sector 72

Sector 49

Sector 67

Green Woods City ..

Sector 108

7.0%

4.0%

4.7%

1.1%

-5.1%

7.2%

-0.1%

7.7%

7.1%

-1.2%

-3.4%

-5.5%

6.8%

4.5%

-7.0%

7.2%

1.2%

4.7%

-5.0%

0.4%

-7.0%

7.7%

-7.0%

6.3%

-5.5%

7.1%

6.8%

-6.3%

9,891

9,792

9,599

9,500

9,451

9,343

9,127

8,749

8,721

8,650

8,609

8,605

8,574

8,513

8,341

8,320

8,278

8,181

8,161

8,152

8,087

8,057

7,889

7,886

7,788

7,751

7,666

7,582


QoQChange

Sector 59

Sector 58

Sector 43

Dlf City Phase 4

M G Road

Sector 53

Dlf City Phase 2

Dlf City Phase 5

Golf Course Road

Suncity

Sector 54

Sector 42 -2.3%

4.7%

4.5%

1.4%

2.3%

1.1%

7.0%

-5.4%

-0.2%

-5.9%

5.6%

7.4%

14,925

14,714

14,223

12,285

11,897

11,520

11,135

10,883

10,812

10,775

10,600

10,434

-7.5% 7.5%

Avg Price Change %ge

Note:1. Above is the list of major localities of the city, with information about their average prices and QoQ price changes in Q4 2019. 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 represent the price change in Q4 2019, with green color representing price increase, red color price decrease, and grey as neutral. Source: Magicbricks Research

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.

Q4 2019 Price changes for the city's major localities


QoQChange

Ansal Plaza

Ardee City

Dwarka Expressway

Mayfield Garden

New Colony

Nirvana Country

Palam Vihar

Sector 12

Sector 23

Sector 33 -5.2%

-7.2%

-7.0%

-7.6%

0.9%

-6.9%

6.4%

7.6%

0.7%

-4.7%

6,507

6,939

5,257

6,408

7,150

5,472

6,523

5,492

6,521

5,436

Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Ankur Upadhyay | Data Manager Prateek Pareek | Assistant [email protected] [email protected] [email protected] [email protected]

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

For more information and research related queries, please contact:

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


propindex | magicbricksproperty.magicbricks.com/.../propindex_gurgaon_ond2019.pdf · 2020-04-01 ·...

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