PropIndex | Magicbricks

Residential Market Insights

Noida market mostly unscathed post lockdown and , holding price levels despite demand remainedmuted

The COVID-19 lockdown has led to demand and supply of residential properties plummeting in Noida and GreaterNoida region. While both the demand and supply in the residential market fell in the quarter, prices remainedsteady as owners resisted anymore downward revision in an already weak market.

Even as the crisis highlighted the importance of owning a house to even many smaller-pocket-sized buyers, propertysearches moved from Central Noida to peripheral areas, including Greater Noida West. The price decline was morepronounced in the under-construction segment, as the COVID crisis led to further delays in project construction.

City5 YearChange YoY QoQ

Noida

G.Noida 0.0%0.3%-3.7%

-0.4%2.3%-6.6%

City5 YearChange YoY QoQ

Noida

G.Noida -1.9%-3.1%0.0%

-1.4%-0.5%-0.6%

"COVID-19 crisis andresultant constructiondelays led to visibleprice decline of 1-2%QoQ, for UC segment inboth Greater Noida andNoida markets."

Noida, Gr. NoidaApr-Jun 2020

Parameters India Noida-Gr. Noida

Demand+ -27% -18%Supply++ -43% -44%Price Index+++ -1.5% -0.2%

"Focus on readyproperties in affordablesegment visible as RMprices did not witness afall even during the

crisis."

Notes:Above parameters represent QoQ change in Q2 2020 atIndia and city level + change in volume of property searches ++ change in volume of active listings +++ change in the weighted average price

Source: Magicbricks Research

ATS Infrastructure

Gaurs Group

Supertech

Jaypee Greens

Mahagun Group

Gulshan Homz

ACE Group

Purvanchal Projects

Nirala India

Logix Group

Gaur City 2 Noida Extension

Supertech Capetown Sector 74

Cleo County Sector 121

Paras Tierea Sector 137

Cherry County Noida Extension

Gaur Atulyam Omicron 1

Mahagun Moderne Sector 78

Gaur City Noida Extension

Gaur Saundaryam Noida Extension

JM Florence Noida Extension

Average changes in prices for localities in various price segments

Market Dynamics

Ready to Move Price Index

Under Construction Price Index

- NBCC has acquired Jaypee Infratechvia insolvency, and also began theprocess of completing nine stalledprojects (40,000 housing units) ofAmrapali Group in Noida and GreaterNoida as per Supreme Court guidelines.

- The state government notifiedreduced stamp duty from 2% to 1% foraffordable housing projects.

- UP-RERA has extended theregistration and completion date for allthe registered projects in the state.

"Prices witnessed astagnation or a minordip across mostready-to-move andunder-constructioncategories."

Key Trends to Watch Out

2014

2015

2016

2017

2018

2019

2020

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2014

2015

2016

2017

2018

2019

2020

1,000

2,000

3,000

4,000

5,000

6,000

Price Bracket (INR per sqft)

< 4,000 4,000-5,000 5,000-6,000 > 6,000

RM UC RM UC RM UC RM UC

-1.7%

-0.9%

-1.1%

-0.4% -0.4%

0.6%

-2.0%

0.1%

Key Projects

Key Developers based on activelistings

Project Name Locality

Average Price INR per sqft

Average Price INR per sqft

Note: The above table represents the top developers byshare of active listings on Magicbricks website in Q2 2020

Source: Magicbricks Research

Note:The above table represents the top projects by consumerpreference on Magicbricks website in Q2 2020

Source: Magicbricks Research

Notes:1. Ready to move price index represents the weighted average price of completed properties on Magicbricks website as on June 20202. The trend line represents the average prices of dominant asset class in each locality of the city. Source: Magicbricks Research

Note:1. Under-construction price index represents the weighted average price of under-construction properties on Magicbricks website as on June 20202. The trend line represents the average prices of dominant asset class in each locality of the city.

Source: Magicbricks Research

Note:Above table represents the price changes for Ready to move (RM) and Under construction (UC) properties for dominant asset classes in each locality under various pricebuckets as on June 2020

Source: Magicbricks Research

Page 1© magicbricks.com

Noida

Gr. Noida

Noida

Gr. Noida

1 BHK10%

2 BHK36%

3 BHK44%

Above 3 BHK10%

DEMAND

Demand Supply Analysis Noida, Gr. Noida | Apr-Jun 2020

Lowest price bucket (less than INR 4000 per sqft) facing higher demand than supply

3 BHK highest in demand followed by 2 BHK configurationsHigh demand in lower price bucketsdue to decreased budget during crisis

While buyers are looking for properties which arein lower price buckets, traction for 2 BHKs and 3BHKs was high, making up 80% of the propertysearches in Noida and Greater Noida. With 84%supply concentrated in smaller configuration, theNOIDA market is serving well to the demand.

- We witnessed a surge in searches for 1 BHKconfiguration for which the market seemed to beunder supplied as 1 BHK constitute for only 5% ofthe total supply.

"Buyers are preferring 2 BHKs inbelow INR 4,000 per sqft inpursuit to reduce the overallinvestment ticket size "

- About 50% of the total search volume waslooking for below INR 4000 per sq ft apartments.

- More than 72% of the searches were for housespriced less than INR 5,000 per sqft, majority ofwhich are available in suburbs such as GreaterNoida West and Sector 137 (near NoidaExpressway), which are localities with highdemand and supply.

-Noida 7X (Near FNG), Noida Expressway andVikas Marg micro-markets witnessed highconsumer activity, with high demand as well assupply in the area.

Top Micromarkets by consumersearches

Propensity of demand and supply in terms of searches andlistings by localities

1 BHK5%

2 BHK35%

3 BHK49%

Above 3 BHK11%

SUPPLY

5,000-6,00018%

4,000-5,00023%

> 6,00014%

< 4,00045%

SUPPLY Price buckets in INR per sqft

Top Micromarkets by active listings

5,000-6,00016%

4,000-5,00022%

> 6,00013%

< 4,00050%

DEMAND Price buckets in INR per sqft

Notes:1. Demand represents property searches on Magicbricks website during Q2 2020, segregated by Bedroom, Hall, Kitchen (BHK) configuration2. Supply represents active listings on Magicbricks website during Q2 2020, segregated by BHK configuration

Source: Magicbricks Research

.Notes:1. Demand represents property searches on Magicbricks website during Q2 2020, segregated by price buckets2. Supply represents active listings on Magicbricks website during Q2 2020, segregated by price buckets

Source: Magicbricks Research

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 Q2 20202. 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.

Source: Magicbricks Research

Note:1. Top micro-markets of the city, ranked by their active listings onMagicbricks in Q2 20202. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.

Source: Magicbricks Research

Note:1. Top micro-markets of the city, ranked by number of searches onMagicbricks in Q2 20202. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.

Source: Magicbricks Research

Pari Chowk

Sector 93A

Sector 16B

Sector 134

Sector 151

Sector 168

Omicron 1

Sector 21

Sector 1

Sector 2

Sector 4

Zeta 1

Chi 4© OpenStreetMap contributors

Demand/SupplyDemand

Noida 7X 3650 - 6650

Noida Expressway (N)2200 - 13300

Noida Expressway (S) 2550 - 6000

Vikas Marg 2300 - 8350

Omega-Chi-Phi 3400 - 5450

Jaypee Wish Town 3350 - 7550

Central Noida 4900 - 8100

11

22

33

44

55

66

77

Noida Expressway (S) 2550 - 6000

Noida 7X 3650 - 6650

Noida Expressway (N)2200 - 13300

Vikas Marg 2300 - 8350

Jaypee Wish Town 3350 - 7550

Dadri Main Road 2900 - 8550

Greater Noida West 3100 - 4150

21

12

33

44

55

76

87

Micro-Market Price Range Rank Rank Q2-20 Q1-20

Micro-Market Price Range Rank Rank Q2-20 Q1-20

Page 2© magicbricks.com

Note:1. Size of the bubble depicts demand, measured by volume of property searches in localities in Q2 20202. Color of the bubble represents price change in Q2 2020, 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.

LocalityAvg.Price

PriceChange

Sector 73

Sector 68

Sadarpur

Chhalera

Sector 151

PI 1 & 2

Surajpur

Omicron 3

Sector 49

Sector 1

Sector 134

Sector MU 2 -0.4%

-1.8%

-4.1%

0.0%

2.8%

0.3%

-4.9%

-6.8%

0.0%

-1.8%

0.0%

-5.2%

3,797

3,741

3,587

3,397

3,317

3,173

2,998

2,984

2,956

2,865

2,833

2,796

< INR 4,000 psf INR 4,000-5,000 psf INR 5,000-6,000 psf > INR 6,000 psf

Price Analysis Noida, Gr. Noida | Apr-Jun 2020

- Price growth was mostly concentrated in localities with ready to move supply including Sectors 75, 76, 77, and 79.

- Most localities on the Noida Expressway, including Sectos 137, 143 and 168, have seen decline in price in the range of 1 to 2% QoQ. Source: Magicbricks Research

LocalityAvg.Price

PriceChange

Sector 82

Sector 62

Sector 93A

Sector 76

Sector 128

Sector 75

Sector 77

Sector 100

Sector 78

Sector 100 Block A

Sector 79

Sector 93

Sector 150

Sector 41 0.0%

1.6%

-2.2%

3.3%

0.0%

-0.7%

-2.1%

0.1%

1.6%

7.5%

0.1%

-7.5%

0.2%

-1.3%

5,889

5,735

5,664

5,588

5,486

5,457

5,359

5,339

5,317

5,271

5,218

5,211

5,147

5,044

LocalityAvg.Price

PriceChange

Sector 61

Sector 108

Sector 93B

Sector 50

Sector 45

Sector 37

Sector 121

Sector 107

Sector 44

Dadri Road

Sector 104

Sector 94 1.7%

-0.8%

7.5%

0.0%

4.3%

-1.6%

-0.3%

-0.1%

-3.7%

-7.2%

-0.8%

-2.3%

11,354

8,560

7,149

6,881

6,864

6,803

6,650

6,620

6,440

6,391

6,368

6,125

Note:1. Above is the list of major localities of the city, with information about their average prices and QoQ price changes in Q2 2020. 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 Q2 2020, 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.

Q2 2020 Price changes for the city's major localities

LocalityAvg.Price

PriceChange

Sector 117

Sector 129

Pari Chowk

Sector 118

Sector 168

Sector 70

Sector 152

Sector 119

Sector 143

Sector 143 B

Sector 137

Sector 74

Sector 120

Sector 144

Sector 106 0.0%

-1.1%

-1.9%

-1.4%

0.0%

4.5%

-4.5%

-1.7%

-2.7%

-0.1%

-1.4%

1.2%

1.2%

0.0%

-5.2%

4,969

4,959

4,952

4,931

4,893

4,870

4,820

4,757

4,754

4,578

4,561

4,513

4,378

4,365

4,035

Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Ankur Upadhyay | Data Manager Suneet Saxena | Assistant Managersurabhi.arora@magicbricks.com devendra.lohmor@magicbricks.com ankur.upadhyay@magicbricks.com suneet.saxena@magicbricks.com

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

For more information and research related queries, please contact:

Pari Chowk1.2%

Sector 1287.5%

Sector 134-1.8% Sector 144

-1.1%

Sector 1501.6%

Sector 620.2%

Sector 941.7%

Surajpur0.3%

Sector 1-4.1%

PI 1 & 2-4.9%

© OpenStreetMap contributors

-7.5% 7.5%

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

Page 3© magicbricks.com