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VADODARA

PropIndex entered the fourth year of operations. In the first issue of theseries, PropIndex reflected the cautiously positive consumer sentimentwith the National Property Index rising by 1 per cent in the Apr-Jun 2014quarter. The City Index values too, remained even across cities with amarginal increase or drop of 1 per cent, except in Delhi.

Demand for property in the Upto Rs 20 lakh dropped across the country,contrary to the industry buzz that this is undersupplied and in greaterdemand. The 2BHK unit remained the most popular category across cities,reflecting the aspiration of urban dwellers to own a property that wouldmatch their lifestyles. The most preferred price range remained Rs 30-50 lakh, where supply was in plenty and the budget was within reachof the middle class, which remained out of the market for a few quarters.

Luxury properties, though in greater demand, remained over-supplied asdevelopers across the country chose to build in this category. As more unitshit the market, consumers have started choosing locations, budgets andconveniences in this category. Luxury values across cities have beenincluded as a separate annexure.

Rental values either dropped or stabilised in the quarter. The percentagegrowth in rental values was arrested as consumers again started lookingfor the buy option. Unlike the previous quarter, where rental values rose by5-10 per cent, in this quarter, it dropped by upto 5-6 per cent, across cities.

Demand preferences remained the same as in the previous quarters butwas not evenly spread across the city. Locations near economic corridorscontinued to post greater demand. However, unlike the previous quarter,besides IT, the manufacturing sector too, drove demand in select cities suchas Chennai. In Mumbai, the commercial hubs of the Bandra-KurlaComplex and even Thane drove demand. The completion of infrastructureprojects such as the Santa Cruz-Chembur Link Road and the the MetroPhase-I from Versova to Ghatkopar, which eased connectivity to thecommercial hubs, also contributed to change in demand patterns.

The Union Budget of 2014-15 presented recently, has addressed the housingmarket’s concerns in many ways. It has featured budget housing, financeissues, township development road map and development of smart cities aspart of the main Budget. While the outcome will take a while, the urbaninfrastructure and housing provisions are expected to boost sentiment.

These are exciting times and change is in the air. Share your views on thisreport and how we could make PropIndex even better. Write in [email protected].

FOREWORD

Sudhir PaiBusiness Head, Magicbricks.com

APR-JUN 2014

In the Apr-Jun 2014 quarter, nomajor change was recorded in therespective City Indices, exceptDelhi, which registered a drop of4 per cent. All other Indicesexhibited minus 1 to plus 1 per cent change, indicating aslow market. No significantincrease was noted in supply,showing a cautious approach.

NPI is a weighted average ofsupply and values across 11 citiesin India. Average capital valuesacross cities showed a rangebound movement. On the otherhand, unlike the previous quarter,average rental values exhibited adrop. This resulted in a marginalrise or stable rental values in thelast six months.

Lack of policy favourable for thereal estate and no reduction in thehome loan interest rates after theformation of the new governmentalso impacted sentiments,contributing to the stable City

Index values. This led to a smallrise of 1 per cent in the NPI.

Bangalore, Chennai, Gurgaon,Kolkata and Pune noted a smallrise of 1 per cent in the CityIndex. On the other hand, Noida,Ghaziabad, Vadodara andMumbai City Indices remainedunchanged. Ahmedabad andHyderabad showed a small drop of1 per cent. Of the 12 cities tracked,Pune and Ghaziabad recorded thelowest number of localities with adrop in the average capital values.

The new government has laidspecial emphasis on the realestate sector in the Union Budget 2014-15.

With the modified version of RealEstate Investment Trusts (REITs),the development of 100 Smart Cities, reducing the sizeand capital requirements ofprojects eligible for FDI,launching affordable housingschemes to proposing additionaltax incentives on home loan, the

government has announced a slewof measures to infuse fresh lifeinto the real estae sector.

In this edition of the PropIndex,we have also included Vadodaraas an independent city. Theresidential market of Vadodararemained stable, with maximumdevelopment in and around thegrowth corridors such as OldPadara Road, Sama Savli Road,Waghodia Road and Gotri Road.

n Of the 12 cities 9 showed minorchanges in the CityIndices, while rentalmarket showedsubdued trends inmajority of the cities

n Properties worth uptoRs 30 lakh recorded asignificant drop indemand, whereas,properties worthabove Rs 30 lakh,across the budgetcategories, witnesseda rise

n Demand for 2BHKunits rose by 1-5 percent across the cities,except Gurgaon

IN THIS REPORT:

National Property Index...............1

Vadodara...................................4

Annexures.................................09

Luxury......................................10

NATIONAL PROPERTY INDEX (NPI)

VOL 4, ISSUE 1; APR-JUN, FY 2014-15

APR-JUN 2014

propindex.magicbricks.com

Source: Magicbricks.com

02VOL4, ISSUE 1; APR-JUN, FY 2014-15propindex.magicbricks.com

NATIONAL PROPERTY INDEX

l Except Gurgaon, all other citiesrecorded growing demand of 1-5 per cent for 2BHK units

l Properties worth Rs 30-50 lakhcontinued to top the buyerpreference chart with amarginal increase of 1 per centfrom the previous quarter

l Demand for mid-segmentproperties worth Rs 50-70 lakhand premium properties worthRs 1-2 crore rose by 6 per cent

l Supply of premium propertiesin 8 of the 12 cities outstrippeddemand

The Ahmedabad City Indexagain dropped by 1 per cent in theApr-Jun 2014 quarter. This wasprimarily on account of a drop inthe capital values by 1-4 per centin large number of localities inthe city. This kept the City Indexvalue intact. On the supply side,no significant change wasregistered in the current quarter.South Bopal showed maximumincrease in listings. The ListedPrice Monitor showed a similardrop of 1 per cent.

The Delhi City Index registered amaximum drop of 4 per centduring the Apr-Jun 2014 quarter.Increase in availability ofproperties on sale primarily in the

single floor units and drop in theaverage capital values by 1-9 per cent contributed to thedrop in the City Index. UttamNagar in West Delhi noted themaximum increase in supply,followed by Safdarjung Enclave inSouth Delhi. Over 80 per cent oftotal housing demand was forapartments. With nearly 45 per cent demand, 2BHK unitscontinued to be the most preferredBHK category at the city level,followed by 3BHK units with 41 per cent demand.

Similar to the previous quarter,the Gurgaon City Index rose by 1 per cent in the Apr-Jun 2014quarter as well. The Listed PriceMonitor, on the other hand,remained stable, unlike theprevious quarter where itrecorded a drop of 1 per cent. No major change was recorded inaverage capital values in thecurrent quarter. However, therental market showed a drop,unlike the previous quarter.

Similar to the previous quarter,the Noida City Index showed nochange. Increase in availability ofresidential apartments for salecoupled with an overall stabilityin the average capital valuesarrested the growth of the CityIndex. This too, kept the ListedPrice Monitor unchanged in thecurrent quarter.

Unlike the drop of 1 per cent inthe Jan-Mar 2014 quarter, theGhaziabad City Index alsoremained unchanged. The ListedPrice Monitor recorded a drop of1 per cent. Unlike other parts ofthe Delhi-NCR, Ghaziabad posteda rise between 1-3 per cent incapital values. Lal Kaun at 11 per cent was an exception.

Over 65 per cent of residentiallocalities tracked in the citywitnessed a rise in the averagecapital values. This arrested thefall of the City Index inspite ofslow uptake in the residentialmarket. The Mumbai City Indexremained unchanged in the Apr-Jun 2014 quarter unlike theprevious quarter where itregistered a rise of 1 per cent. The Listed Price Monitor alsoremained unaltered against the


Locality RankQ1 Q4

Mumbai 1 1

Bangalore 2 2

Pune 3 3

Chennai 4 4

Gurgaon 5 8

Kolkata 6 6

New Delhi 7 7

Hyderabad 8 5

Ghaziabad 9 9

Noida 10 10

Preferred Cities - Sale

Note: Q4 Apr-Jun 2014, Q1 Jan-Mar 2014

Preferred Cities - RentLocality Rank

Q1 Q4

Mumbai 1 1

Pune 2 2

Bangalore 3 3

New Delhi 4 4

Chennai 5 5

Hyderabad 6 6

Gurgaon 7 7

Ghaziabad 8 10

Kolkata 9 8

Noida 10 9Note: Q4 Apr-Jun 2014, Q1 Jan-Mar 2014



03VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

2 per cent rise it witnessed in theJan-Mar 2014 quarter.

East and West Pune remained themost preferred residentialcorridors, quarter-over-quarter. No significant change was noted inthe average capital values. Theincrease or drop in values wasregistered between minus 4 to 6 per cent, with a healthy supply.This led to a 1 per cent rise in thePune City Index.

A 1 per cent increase wasregistered in the Kolkata CityIndex. Inspite of increase in theaverage capital values in majorityof the localities tracked in the city,the Listed Price monitor remainedunchanged. Statistics showedmaximum residential developmentin South and East Kolkata,followed by North Kolkata. Thecity continued to yield higherrental returns of over 3 per cent,owing to lower base price ofproperty and healthy rental valuesin comparison to othermetropolitan cities.

Similar to the previous quarter,the Chennai City Index continuedto rise. It rose by 1 per cent yetagain in the Apr-Jun 2014 quarter.The Listed Price Monitor reporteda drop of 2 per cent in the currentquarter against a rise of 4 per centin the Jan-Mar 2014 quarter.Residential properties worth Rs 40-60 lakh remained the mostpreferred budget category, followed

by properties in the budget rangeof Rs 20-40 lakh at 25 per cent.

Post the peace that followed theTelangana decision, Hyderabadseemed to have stabilised. Theresidential property sector wasrelatively subdued in the Apr-Jun 2014 quarter, as comparedto the Jan-Mar 2014 quarter. TheHyderabad City Index dropped by 1 per cent, primarily attributed tostable property prices and infusionof new inventories at a steadypace. This arrested the City Indexgrowth. The Listed Price Monitoralso dropped by 1 per cent asagainst a drop of 3 per cent in theprevious quarter.

Bangalore City Index rose by 1 per cent, in line with the NPI.With buyer sentiments in a wait-and-watch mode post elections, theBangalore market has been mostlypassive, resulting in little changein property values in the currentquarter. There was no change inthe Listed Price Monitor. However,the rental market was subdued inthe current quarter unlike theprevious quarter.

The Vadodara City Index valueremained unchanged during theApr-Jun 2014 quarter. Drop in theaverage capital values in areaswitnessing maximum developmentarrested the growth of the CityIndex. This resulted in the CityIndex value remaining unchangedin the current quarter.

Upto Rs 20 Lakh Rs 20-30 Lakh Rs 30-50 Lakh Rs 50-70 Lakh Rs 70-100 Lakh Rs 1-2 Crore Rs 2 Crore & Above

National - Consumer Budget Preference

30%

25%

20%

15%

10%

5%

0%

1%

5%

25%

21%

17% 18%

12%

TOP Y IELD GROSSERS

Gross yield is a ratio of average annualrental value to the average capital valueof the property. Given below are the topyield-grossing localities in each city.

Locality Gross yield

Bangalore, Sarjapur Road 4.97%Kolkata, Banshdroni 4.78%Hyderabad, Nallagandla 4.41%Ahmedabad, Vejalpur 4.20%Chennai, OMR 3.92%Delhi, Uttam Nagar 3.62%Noida, Sector-92 3.42%Mumbai, Parel 3.31%Pune, VL Vishrantivadi 3.18%Ghaziabad, Indirapuram 3.01%Gurgaon, Sushant Lok 2.99%

CAPITAL GAINS

The table given below indicatesmaximum increase in capital values ineach city.

Locality % Change

Ghaziabad, Lal Kuan 11.36%

Bangalore, Sahakar Nagar 10.27%

Hyderabad, Begumpet 9.20%

Kolkata, Narendrapur 8.46%

Mumbai, Mulund West 7.66%

Ahmedabad, Ghatlodia 7.46%

Chennai, Anna Nagar West 6.69%

Pune, Kalyani Nagar 5.85%

Noida, Sector-93A 4.75%

Delhi, Kalkaji 3.31%

Gurgaon, Sector-67 2.08%


Source: M

agicbricks.com

PROPINDEX - VADODARAVadodara is one of the growing realestate markets in Gujarat. The newresidential developments are primarilyconcentrated on growth corridors suchas Old Padara Road, Sama SavliRoad, Waghodia Road, Gotri and GotriRoad. These corridors are witnessingdevelopment of the affordablesegment but a healthy demand andsupply was also recorded in thepremium segment.

Inspite of a nominal rise in theaverage property values in most of thelocalities, the City Index value droppedby 1 per cent. Drop in property pricesin Vasna-Bhaiyli Road and Gotri, withmaximum supply, has pushed downthe City Index.

Across all budget ranges, the demandfor affordable to mid segment washighest for properties worth Rs 20-60lakh at 78 per cent. Supply was shortby 12 per cent. No significantmismatch was witnessed in any otherbudget range, except low budgethousing worth Upto Rs 20 lakh.Demand and supply was wellmatched in the mid to premiumsegment for properties worth Rs 60 lakh and above.

Housing demand across budgetranges offered good investmentopportunity for investors. The citywitnessed one of the highest rentalreturns in the country between 3.17-4.13 per cent.

Property type analysis of residentialhousing showed apartmentsconsistently witnessing growingdemand across property buyers.Supply witnessed a drop of 5 per cent.With less than 20 per cent demand forresidential plots, the categorycontinued to outstrip supply, even aftera significant drop in demand. Supplyof residential housing outstrippeddemand by 10 per cent.

BHK-wise demand and supplyanalysis clearly indicated a growingdemand for 2BHK units across thecity. However, supply remainedsubdued and witnessed a drop of 6per cent. Units of 3BHK were thesecond most preferred configurationwith over one third of total supplyacross the housing units.

Demand for smaller size units sawmatching supply at 7 per cent. On theother hand, larger housing formats(4BHK and Above) witnessed anoversupply with 18 per cent.

During the Apr-Jun 2014 quarter, the Vadodara City Indexremained unchanged as compared to the previous quarter.However, the Listed Price Monitor moved up by 1 per centduring the same period. The NPI also inched up by 1 per centduring the quarter.

l Drop in the average capitalvalues in areas witnessingmaximum development arrestedthe growth of the City Index.This resulted in no change in theCity Index value

l Gotri, Gotri Road, Alkapuri andVasna-Bhaiyli Road offeredmaximum residential supply forsale in the city. In the rentalmarket, Akota, Gotri, Vasna Roadand Old Padara Road offeredmaximum availability ofresidential properties on lease

l Rental market remained subduedwith majority of residentialpockets recording a drop in theaverage rental values in the Apr-Jun 2014 quarter in comparisonto the previous quarter

l In Vadodara city, Old PadaraRoad, Sama Savli Road,Waghodia Road and Gotri Roadare four important residentialgrowth corridors witnessingmaximum residentialdevelopment

l The city witnessed maximumrise in the average capital valuesalong the growth corridors in therange of 4-9 per cent

l Vadodara residential marketoffered one of the highest rentalreturns on investment. The cityhad registered a gross yieldranging between 3.17-4.13 percent

l Seven out of ten residentiallocalities in the top tenpreference chart for sale and rentretained their ranking in the lastsix months

l In the Apr-Jun 2014 quarter,properties worth Rs 20-40 lakhand Rs 40-70 lakh recorded equaldemand at 39 per cent. However,supply remained short in thesaid category with a margin of 4-8 per cent

l One tenth of demand and supplycomprised of residential housingworth Rs 1 crore and Above.Vasna Road, Akota, Alkapuri andOld Padara Road offeredmaximum number of residentialhousing options in the saidbudget range

l Demand for apartments recordedan increase in preferencequarter-over-quarter. On theother hand, residential housingand plots recorded a drop

Key Takeaways

E d i t o r i a l

propindex.magicbricks.com VOL4, ISSUE 1; APR-JUN, FY 2014-1504VADODARA


l Capital values in the city have displayed a positivetrend in the last three months clocking a rise of 1-9 per cent during the Apr-Jun 2014 quarter

l Old Padara Road, Sama Savli Road and WaghodiaRoad witnessed the highest rise of 8-9 per cent incapital values in the city

l Localities such as Gotri Road, Atladra and Alkapurisaw a rise of 2-4 per cent in capital values during thecurrent quarter

l Some localities that recorded a drop in valuesincluded Subhanpura, Akota, Vasna-Bhaiyli Roadand Gotri. The highest drop of 6 per cent was seen inSubhanpura

L I S T ED PR I CE MON I TOR

Y I E L D M E T E R

l The city recorded healthy rental returns acrosslocalities. The Magicbricks Yield Meter clockedreturns in the range of 3.17-4.13 per cent during theApr-Jun 2014 quarter

l Vasna-Bhaiyli Road recorded the highest rentalreturns of 4.13 per cent despite a drop of 9 per centin rental values

l Other localities that recorded healthy rentalreturns included Subhanpura, Atladra, Alkapuriand Gotri. A yield of 3.55-3.63 per cent was noted inthese locations

l Akota recorded the lowest rental yield in the cityduring the Apr-Jun 2014 quarter. A yield of 3.17 wasnoted in the locality

RENT MON I TOR

l As opposed to the capital market, the rental marketwitnessed a negative trend. Several localitieswitnessed a drop of 5-9 per cent in rental valuesduring the Apr-Jun 2014 quarter

l Vasna-Bhaiyli Road recorded the highest drop of 9 per cent in the quarter. Subhanpura followed at aclose second with a drop f 8 per cent

l Fateh Ganj was the only exception. Rental values in the locality shot up by 12 per cent in the Apr-Jun 2014 quarter

l As compare to the previous quarter Elora Park alsorecorded a healthy rise of 5 per cent in valuesduring the current quarter

1%

Locality Average Rental Average Capital Gross

Value (Rs/sqft/mth) Value (Rs/sqft) Yield

Gotri 7.25 2,450 3.55%

Akota 9.25 3,500 3.17%

Old Padara Road 9.25 3,325 3.34%

Vasna Road 8.50 2,900 3.52%

Subhanpura 8.75 2,900 3.62%

Gotri Road 7.25 2,575 3.38%

Atladra 6.50 2,150 3.63%

Alkapuri 11.75 3,925 3.59%

Vasna-Bhaiyli Road 7.75 2,250 4.13%

propindex.magicbricks.comVOL4, ISSUE 1; APR-JUN, FY 2014-1505 VADODARA

Source: Magicbricks.com Source: Magicbricks.com


PREFERRED LOCALITIES

l The list of the top ten preferred localities saw a lotof fluctuations in the last three months. Localitiessuch as Gotri Road, Vasna-Bhaiyli Road and Atladrawitnessed improved standings on the list ascompared to the previous quarter

l Gotri moved up two positions to gain the numberone position in the current quarter

l Vasna-Bhaiyli Road also jumped up four spots tosettle at number two as compared to the second spotit held in the previous quarter

l While Atladra moved up three spots from theseventh to the fourth position, Vasna Road jumpedup a spot to settle at number seven

l The highest drop in preference was noted forManjalpur. The locality dropped from the secondspot to the sixth in the current quarter

l Alakapuri dropped three spots to settle at the eighthposition. Akota was a new entrant on the list atnumber ten

l The top two spots on the list of the most preferredlocalities for rent remained unchanged in the lastsix months. Alkapuri retained its top positionfollowed by Vasna Road

l Gotri improved its preference on the rental list aswell. It moved up two spots to settle at number three

l Waghodia Road jumped up four positions to settle atnumber six as compared to the tenth spot it held inthe previous quarter

l Subhanpura also moved up two spots from the ninthposition to settle at number seven in the currentquarter

l Sama and Akota witnessed a drop in preferencesince the last quarter. While Sama dropped from thesixth spot to settle at the eighth position, Akotamoved down from the fourth to the fifth position

l There were two new entrants on the list this quarter.These included Vasna-Bhaiyli Road and Kareli Baghwhich settled at number nine and ten respectively

RENT


Locality Rank Capital %ageQ1 Q4 Values change

Gotri 1 3 2250 to 2800 -2%

Vasna-Bhaiyli Road 2 6 2050 to 2650 -3%

Ajwa Road 3 1 1800 to 2200 10%

Atladra 4 7 2000 to 2450 2%

Waghodia Road 5 4 2000 to 2450 9%

Manjalpur 6 2 2750 to 3500 -1%

Vasna Road 7 8 2650 to 3350 1%

Alkapuri 8 5 3650 to 4400 2%

Sama Savli Road 9 9 2450 to 2950 -

Akota 10 - 3200 to 4050 -5%

SALE


Locality Rank Rental %ageQ1 Q4 Values change

Alkapuri 1 1 10500 to 14000 -10%

Vasna Road 2 2 7500 to 10000 -6%

Gotri 3 5 6500 to 9000 -10%

Manjalpur 4 3 7500 to 9000 -10%

Akota 5 4 8500 to 10500 -10%

Waghodia Road 6 10 5500 to 7000 -8%

Subhanpura 7 9 8000 to 10500 -8%

Sama 8 6 9000 to 10500 -7%

Vasna-Bhaiyli Road 9 - 7000 to 9000 -9%

Karelibaug 10 - 8500 to 9500 -5%

Gorwa, Ajwa Road, Waghodia Road, Bhayli, Subhanpura

Home in your Budget

Upto Rs 20 Lakh

l Affordable properties below Rs 20 lakh were available inGorwa, Ajwa Road, WaghodiaRoad and Subhanpura

l Gotri, Atladra and Vasna-Bhayli Road recorded themaximum supply of propertiesin the Rs 20-70 lakh range

l Vasna Road, Alkapuri, Akota,Old Padara Road and Vasna-Bhayli Road recorded themaximum supply of high-endproperties priced above a crore

Gotri, Waghodia Road, Atladra, Vasna-Bhayli RoadRs 20-40 Lakh

Gotri, Vasna-Bhaiyli Road, Atladra, Alkapuri, ManjalpurRs 40-70 Lakh

Akota, Old Padara Road, Ajwa Road, Race Course CircleRs 70-100 Lakh

Vasna Road, Alkapuri, Akota, Old Padara RoadRs 1 Crore & Above




The real estate sector in Vadodara, one of the fastest growing Tier-II cities ofIndia, has touched new heights. Today, it is among the most preferreddestinations for real estate investment in Gujarat. Not only affordable, butdemand and supply in the luxury segment is also increasing in the key areas.

‘Affordable’ Vadodara gets a taste of luxury housingLargely dominated by affordable housing, Vadodara is now offering a chance to live aluxurious life to those who can afford it. Several residential properties that were taggedat Rs 1 crore and above are being made available in localities such as Alkapuri, VasnaRoad, Old Padra Road and Gotri, according to the Magicbricks data. One can find 3 and4BHK multi-storey apartments, villas and independent houses in the price range of Rs 1-3 crore in these localities.

n Magicbricks.com Bureau

Gotri: A fast developing realty market in VadodaraIf you are looking to buy a home in Vadodara but are confused as to which locality youmust choose, Gotri is an area to consider. It is not only developing fast in terms of socialand physical infrastructure, but is also seeing a significant growth in the residentialsector as well. The locality, situated 4-km west of Vadodara city, was once considered asmall village situated in the outskirts of the city, is now being considered a developingcounterpart of Alkapuri.

n Magicbricks.com Bureau

R E A L T Y N E W S

To read full story and more news go to www.content.magicbricks.com

Improved economy, growing employmentand new town planning schemes of VUDAand VMC will change Vadodara real estatemarket. Good infrastructure, availability ofland and well-organized engineering hub aresome of the factors which are already drivingthe real estate here. Next 6-10 months will becrucial for the town’s realty as some of thenew initiatives will get materialize and willimpact sentiments of the buyers positively.

Abhijeet BhagwatSunfin Reality

E X P E R T S P E A KBroker

The budget for luxury properties is betweenRs 1-4 crore. Only 10 per cent buyers arebuying this property type. The supply of theseproperties is 40 per cent more than demand.For premium property buyers these aresecond homes. They sell their smaller flats tobuy luxurious property. Buyers are mostlyfrom the corporate sector aged around 40years. Areas to see launches of luxuriousproperty are Gotri, Vasna Road and Sevasi.

Sanjeev Pancholi,Associate OwnerBSRL

Consultant

Dhrumil PatelPartnerNilamber Group

Q&A

How has the city performed in the lastquarter with respect to capital values indifferent areas? Why?

In the Apr-Jun 2014 quarter, there was alot of euphoria in the real estate marketbut there was no result on the ground.Stable capital values may be a restraintfor investors but this is a right time forlong term end-users/investors, whowant to rent out their property for shorterduration.

Which budget ranges have done well inthe last quarter and why?

Residentia housing in the budegt ofRs 15-25 lakh and Rs 60 lakh to overRs 1 crore budgets have done well.There is no demand noted from themiddle class and no supply wasrecorded during the said period.

What type of property is in demand?

Apartments are in demand. The city isgoing vertical. Penthouses are alsobeing preferred.

Which areas or corridors have seen themaximum launches in the last quarter?Which areas are expected to see newlaunches/possession in the comingmonths?

Maximum launches in the city havetaken place in the residential areas alongthe Vasana-Bhayli Road, Sun PharmaRoad and the Waghodia-Dabhoi RingRoad. In the coming months, newlaunches are expected to witness alongthe areas such as Bil Road and NewAlkapuri.

Any new infrastructure project that hadan impact on the real estate market inthe last few months or is expected toimpact the market in the comingmonths?

There was a huge impact on the realestate market after the opening offlyovers on the Vasana-Bhayli Road. TheOuter Ring Road (ORR) in the city hasalso made a huge impact. Fewupcoming flyovers will open up newcorridors within a year.


Budget wise Analysis

l Equal demand of 39 per cent wasregistered for the Rs 20-40 lakh andRs 40-70 lakh categories, with bothcategories noting an undersupply.While supply for the Rs 20-40 lakhwas 35 per cent, it was 31 per centfor the Rs 40-70 lakh category

l Negligible demand was noted forUpto Rs 20 lakh category, whilesupply was at 11 per cent. Demandand supply for the Rs 70-100 lakhand Rs 1 crore and Abovecategories was synonymous

DEMAND - S UPP LY ANALYS I SBuyers in Vadodara continued to favour apartments in the Apr-Jun 2014 quarter, which led to asignificant increase of 8 per cent in its demand. Supply of residential houses led its demand by 10 per cent. High demand for the 2 and 3BHK categories was registered in the city, in the currentquarter, which was more or less met by its supply.

The city registered an equal demand for properties in the Rs 20-40 lakh and Rs 40-70 lakhcategories, though their supply remained low. An oversupply was witnessed in the Upto Rs 20 lakhcategory. Demand and supply was synonymous for properties worth Rs 70 lakh and Above in thecurrent quarter.

Property wise Analysis

l Demand for apartments inVadodara saw an 8 per cent rise inthe Apr-Jun 2014 quarter and stoodat 64 per cent. Supply for the sameregistered a drop of 5 per cent toremain at 57 per cent

l Residential houses recorded 26 per cent demand, a drop of 3 per cent. Supply for the same leddemand by 10 per cent and stood at36 per cent. Demand for plots was10 per cent and supply at 7 per cent

BHK wise Analysis - City Level

l The 2 and 3BHK categoriescontinued to remain the mostdemanded and supplied BHKconfigurations in Vadodara.Together they noted 86 per centdemand and 75 per cent supply

l Demand and supply for 1BHK unitsremained matching at 7 per. The4BHK and Above categorywitnessed an oversupply with 18 per cent availability while thedemand was merely 7 per cent, a mismatch of 11 per cent

50

40

30

20

10

0<20 20-40 40-70 60-100 100 &

above

2

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

1

33

3944

39

1311

811

(Jan-Mar 2014)

(Apr-Jun 2014)

Budget wise Analysis - City Level

DEMAND

50

40

30

20

10

0<20 20-40 40-70 60-100 100 &

above

12

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

11

35 35 33 31

10 11 1012

(Jan-Mar 2014)

(Apr-Jun 2014)

SUPPLY

BHK Configuration - City Level

60

50

40

30

20

10

0

10

7

48

53

34 33

8 7

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above

DEMAND SUPPLY

60

50

40

30

20

10

0

11 7

44

3834

37

11

18

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above

Property wise Analysis - City Level

80

60

40

20

0

56

64

2926

1510

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

Apartment Residential House Residential Plot

DEMAND

80

60

40

20

0

62

57

3136

7 7

(Jan-Mar 2014)

(Apr-Jun 2014)

Fig

ures

in p

erce

ntag

e(%

)

Apartment Residential House Residential Plot

SUPPLY


Source: M

agicbricks.comS

ource: Magicbricks.com

Source: M

agicbricks.com


CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Ajwa Road 1800 to 2200

Akota 3200 to 4050

Alkapuri 3650 to 4400

Atladra 2000 to 2450

Bhayli 2000 to 2450

Elora Park 2950 to 3500

Gorwa 2450 to 2900

Gotri 2250 to 2800

Gotri Road 2400 to 2900

Kalali 2100 to 2650

Karelibaug 3050 to 3650

Manjalpur 2750 to 3500

New Alkapuri 2300 to 2800

Nizampura 2650 to 3550

Old Padara Road 3000 to 3900

Race Course circle 3450 to 4450

Sama 2700 to 3450

Sama Road 2800 to 3400

Sama Savli Road 2450 to 2950

Sevasi 2300 to 2650

Subhanpura 2700 to 3250

Vasna Road 2650 to 3350

Vasna-Bhaiyli Road 2050 to 2650

Waghodia Road 2000 to 2450

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

VADODARA


10VOL4, ISSUE 1; APR-JUN, FY 2014-15propindex.magicbricks.com

DELHI

DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 & Above

East 33% 22% 27% 6% 12%North 28% 21% 26% 9% 16%South 11% 19% 30% 11% 29%West 39% 21% 19% 6% 15%City 20% 20% 27% 9% 24%

SUPPLYEast 25% 31% 15% 9% 20%North 14% 18% 26% 14% 28%South 4% 9% 17% 15% 55%West 34% 29% 16% 7% 14%City 8% 12% 17% 14% 49%

GURGAON

DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 cr & Above

Dwarka Expressway 30% 29% 29% 1% 11%Golf course Extn Rd 26% 16% 25% 11% 22%New Developing Sectors 48% 22% 26% 3% 1%New Gurgaon 24% 25% 25% 10% 16%Old Gurgaon 27% 20% 24% 9% 20%Sohna Road 42% 24% 23% 5% 6%City 27% 23% 24% 10% 16%

SUPPLYDwarka Expressway 26% 30% 15% 8% 21%Golf course Extn Rd 14% 22% 27% 11% 26%New Developing Sectors 64% 26% 2% 1% 7%New Gurgaon 16% 23% 22% 13% 26%Old Gurgaon 15% 35% 25% 9% 16%Sohna Road 37% 34% 13% 9% 7%City 18% 24% 22% 11% 25%

NOIDA


New developing sectors 60% 20% 9% 9% 3%Noida Gr Noida Expway 36% 33% 18% 10% 3%Old Noida 38% 24% 15% 16% 7%City 42% 28% 15% 11% 4%

SUPPLYNew Developing Sectors 62% 14% 13% 6% 5%Noida Gr Noida Expway 38% 24% 18% 11% 9%Old Noida 22% 17% 18% 23% 20%City 36% 21% 18% 13% 12%

MUMBAI

DEMAND 2-2.3 cr 2.3-3 cr 3-4 cr 4-5 cr 5 cr &Above

Central Line 31% 24% 19% 11% 15%Central Mumbai 14% 17% 32% 14% 23%Harbour Line 19% 22% 22% 9% 28%Navi Mumbai 39% 16% 27% 8% 10%South Mumbai 7% 7% 17% 11% 58%Thane 41% 21% 29% 4% 5%Western Suburbs 24% 26% 23% 9% 18%City 24% 24% 22% 9% 21%

SUPPLYCentral Line 25% 33% 19% 5% 18%Central Mumbai 8% 21% 20% 11% 40%Harbour Line 17% 30% 26% 10% 17%Navi Mumbai 25% 27% 24% 7% 17%South Mumbai 3% 6% 9% 7% 75%Thane 28% 36% 19% 5% 12%Western Suburbs 19% 25% 18% 13% 25%City 16% 24% 18% 10% 32%

Luxury takes centre stage in Indian cities

Across India, luxuryproperties have seen arising demand. However,

with developers in most citieschoosing to build heavily in thissegment, the luxury marketcontinued to be over-supplied.

In smaller cities such as Vadodara,local demand from industrialists,in the 40-year age group seeking toupgrade lifestyle, drove demand in

the category. In most big cities,luxury demand came from IT andManufacturing professionalslooking for premium lifestylesnear their place of work. It camepackaged with premium assetquality, safe gated communities,lifestyle features such as joggingtracks, swimming pools, sportsfacilities and well plannedlandscaping. A key component of




11VOL4, ISSUE 1; APR-JUN, FY 2014-15 propindex.magicbricks.com

luxury development has beenefficient concierge services,premium brand tie-ups andpredictive facilitations.

Luxury in the suburbs has beenaround for a while. But in the pastsix months luxury demand has re-entered CBD (Central BusinessDistrict) areas which are under re-development. A clear case isBangalore and Chennai wheretraditional downtown premiumareas such as MG Road and Adyarare posting both supply and robustdemand for extremely high-priced

modern units which are built onre-developed old plotted layouts.The buyers are the traditionalwealthy citizens of the city whoare upgrading to modernapartment living within localitiesin their comfort zone. The qualityof assets supercedes the packagedlifestyle features in these areas.Location contributes to a largepart of the values of theseproperties.

As users go online to seek luxuryproperty, PropIndex acknowledgesthis as a significant segment.

CHENNAI

DEMAND 1-1.4 cr 1.4 -2 cr 2-3 cr 3-5 cr 5 cr &Above

Central 33% 24% 17% 15% 11%North 37% 37% 13% 7% 6%South 41% 24% 15% 9% 11%City 38% 27% 15% 10% 10%

SUPPLYCentral 20% 23% 20% 14% 23%North 25% 27% 18% 13% 17%South 28% 21% 17% 17% 17%City 25% 23% 18% 15% 19%

BANGALORE


Central 29% 30% 17% 15% 9%East 43% 31% 14% 7% 5%North 38% 29% 18% 10% 5%South 44% 26% 15% 8% 7%West 40% 27% 17% 9% 7%City 42% 29% 14% 9% 6%

SUPPLYCentral 16% 20% 19% 17% 28%East 34% 24% 20% 12% 10%North 34% 28% 21% 11% 6%South 30% 27% 21% 14% 8%West 35% 30% 20% 11% 4%City 32% 26% 21% 12% 9%

PUNE

DEMAND 1-1.2 cr 1.2-1.6 cr 1.6-2.0 2-4 cr 4 cr & cr Above

Central 10% 27% 16% 21% 26%East 31% 35% 11% 17% 6%North 38% 28% 7% 19% 8%South 31% 35% 11% 19% 4%West 31% 37% 10% 17% 5%City 31% 36% 11% 16% 6%

SUPPLYCentral 4% 13% 12% 41% 30%East 27% 31% 11% 19% 12%North 21% 33% 10% 26% 10%South 25% 24% 19% 22% 10%West 27% 26% 14% 23% 10%City 26% 27% 13% 22% 12%

HYDERABAD


East 48% 20% 19% 5% 8%North 57% 28% 11% 2% 2%South 51% 24% 11% 8% 6%West 37% 25% 12% 13% 13%City 40% 25% 12% 12% 11%

SUPPLYEast 53% 22% 7% 13% 5%North 29% 33% 24% 11% 3%South 16% 18% 25% 28% 13%West 26% 20% 25% 15% 14%City 27% 21% 23% 17% 12%




VOL4, ISSUE 1; APR-JUN, FY 2014-15propindex.magicbricks.com

D I S C L A I M E REvery effort has been made to make this Index as complete and as accurate as possible. MagicBricksaccepts no responsibility for inaccuracies in the information/data contained in this book. It shall haveneither liability nor responsibility to any person or entity with respect to any loss or damage caused, oralleged to have been caused, directly or indirectly, by the information contained in this book. Theinformation/data in this book is subject to change from time to time due to market condition.

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