Strategic Partner :

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GREATER NOIDARESIDENTIAL REAL ESTATE MARKET

Greater Noida – Residential Real Estate Market

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Demand in Greater Noida on account of multiple issues (like slow construction, high inventory, stagnant prices, etc.) has seen a decline with 11% CAGR fall in last two years while the unsold inventory has witnessed a fall of 12% during the same period but currently standing at a whooping 77,000 units.

Prices have been stagnant for last 4 years in the range of Rs.3400-3500 per sq. ft.

The two real estate hotspots of NCR- Noida and Greater Noida are now connected through a Metro network of Aqua line. Lot of developers in the area pitch affordability as their selling point and this may help bring in traction in affordable housing.

Four major public sector banks have offered to infuse fresh funds to complete about half a dozen stalled housing projects in Noida and Greater Noida if the state-run National Buildings Construction Corporation (NBCC) steps in.

Sector 1 Greater Noida, Noida Extn. (GN) and Techzone IV have been the most preferred locations among the buyers in last 12 months.

3,000

3,500

4,000

4,500

5,000

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2016 2017 2018

Pri

ce (

psq

ft)

Greater Noida Noida Ext (Greator Noida)

Sec-1 Greater Noida Techzone IV

Greater Noida Metro Map - Source: Liases Foras

Aqua line connecting Noida-Gr, Noida

Product Typology

1 1500-1750 900-1000 1100-1200

2 1400-1500 1000-1100 1200-1300

3 1300-1400 1100-1200 1000-1100

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12 3

2BHK3BHK

2.5BHK

Based on the last 12 months’ sales, 2BHK flats are the most preferred product among buyers, followed by 3BHK and 2.5BHKs.

Buyers mostly picked up units between 900-1000 sq.ft. (2BHK), 1500- 1750 sq. ft. (2 BHK) and 1100-1200 sq.ft. (2.5 BHK).

Cost range of Rs. 30 Lacs – 50 Lac has the maximum demand compared to all other segments.

31%

42%

24%

2% 1%

<30 Lac 30 - 50 Lac 50 - 1Cr. 1 - 2 Cr. > 2Cr.

Cost range wise percentage share of Sales

1BHK2%

2BHK40%

2.5BHK9%

3BHK34%

3.5BHK5%

4BHK3%

Villa/RH3%

Others3%

Product Wise

Trend in New Launches

Sector Noida Ext (Greater Noida) is the top gainer in terms of maximum new launches in the last 12 months followed by Sector ETA - II and Sector 27.

Maximum new launches are in the cost range Less Than 30 Lac.

Amongst the new launches, 2 BHK is the most preferred product as can be seen by demand and supply distribution.

1BHK3%

2BHK35%

3BHK20%

4BHK3%

Others40%

Sales in New Launch 1BHK

3%

2BHK35%

3BHK26%

4BHK3%

Others33%

New Launch Supply

Founded in 1998, Liases Foras is a non-brokerage researchcentric firm that offers data and advisory services. Ourworks on industry and scientific prognosis of the localmarket is highly regarded. We have an organized andstructured data source on real estate and property trends inIndia, which is updated on quarterly basis by primarymarket survey.

With a team of MBAs, urban planners, architects, charteredaccountants and statisticians, Liaises Foras’ forte lies in thefield of valuation, risk assessment, future forecasting &price behaviour and best use studies. Our clientele includesleading mortgage companies such as HDFC Ltd, Axis Bank,among others, real estate funds, developers, governmentbodies and leading international research organisations. Weare also research partner for CNBC Awaaz real estateawards from 2012 onwards.

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Banks/ Housing Finance Companies

Data Services• Quarterly updated data on

residential, commercial & retail• Online Project Interface

Analytical Services• Quarterly presentation on each

city• Developer Performance Rating• Ad-hoc Due Diligence• Project Reports

Key ClientsHDFC, Axis Bank, SBI, Standard Chartered Bank, Kotak Mahindra Bank, Mannapuram, Bajaj HFL

DevelopersFunds/NBFCs

Research Advisory• Best Use Analysis• Feasibility Studies• Valuations

Data Services• Online Project interface

Key ClientsGodrej Properties, ShapoorjiPaloonji, Tata Realty, L&T Realty, K Raheja Universal, HiranandaniGroup, Peninsula Land, Embassy Group, Mahindra Lifespaces

Research Advisory• Feasibility Advisory• Investment Analysis• Valuations• Customized Reports

Data Services• Online Data interface

Key ClientsTCG, Edelweiss, Brookfield Asset Management, Axis AMC, Indiareit, HDFC Fund, Red Fort, Sun Apollo, Aditya Birla Real Estate Fund, Avenue Ventures