Key Findings - MagicBricksproperty.magicbricks.com/.../Noida-Ghaziabad.pdfthe gap between resale and...

The year 2013 has been a topsy-turvy ride for the housing sector. Sentiments haveremained subdued in the recent months. However, our latest HSI report indicates earlysigns of a bump-up in the buyer sentiment. While it is still early days to conjecturewhether this will translate into a strong buying cycle, the trend will nevertheless comeas a welcome relief to the industry.

Property markets remained slow in the quarter. But we bring you PropIndex with a hostof positive findings.

Key Findings

lResidential properties worth between Rs 30-50 lakh continued to see maximumdemand.

lConsumer demand for premium villas/independent houses worth Rs 2 crore andabove topped in Bangalore and Gurgaon.

lDelay in projects has pushed demand for ready-to-move-in projects significantly. Thisis primarily due to increasing pressure of EMI plus rental values.

lResale projects have become significantly more affordable as slow transaction rate haswidened the gap between resale and new property prices.

lThere is active search indicating intense interest among buyers. As soon as sentimentschange, probably after the upcoming general elections in 2014, buyers will be readywith information and there may be quick turn around of sales.

lConsumer demand for residential plots topped in Chennai and Bangalore. Close to 50 per cent demand for residential plots was for properties worth upto Rs 30 lakh.

lIn the latest quarter, Oct-Dec 2013, the NPI showed no change in comparison to a 4 per cent rise in the Jul-Sep 2013 quarter. Cautious approach among property seekersand controlled supply by local as well as national developers has held the growth of theNational Property Index (NPI).

lThe Listed Price Monitor, which largely shows capital appreciation/drop within alocality ranged between minus 1 per cent to plus 5 per cent.

We have been publishing PropIndex for close to three years now. Over this period, we’veaccumulated a wealth of data/analytics on price/locality trends and marketperformance. We get our kicks if all of this helps you in making better informedproperty decisions. Do write in at [email protected] and share your views onthis report and how we could make PropIndex even better.

FOREWORD

Sudhir PaiBusiness Head, Magicbricks.com

Magicbricks PropIndex

Magicbricks PropIndexis a tool whichempowers propertyseekers and investorswith detailedinformation on themovement of residentialapartment prices andsupply of properties inIndia. No credibleproperty index can be afunction of direct valuesas the changes aregoverned by multiplefactors.

Magicbricks PropIndexhas taken this realityinto account andproduced an index basedon listing of apartmentsand their capital andrental values on thewebsite.

Magicbricks has over 600,000 active propertiesposted by more than1,50,000 active users in300 cities and 10,000localities. Our usersinclude owners, agentsand developers.

Methodology

Apartment values arebased on listings onMagicbricks. Theseinclude multistoreyapartments and singleunits on plotteddevelopments, referredto as builder floors onMagicbricks.com.

The Index is structuredin such a way thatindividual properties

are aggregated into theirrespective cities andthen to the NationalIndex. Weightages forPropIndex are based onthe supply of propertieswithin the locality/city.Based on this structure,PropIndex gives arealistic picture oftrends in price/supplyacross different propertymarkets in each city. Wehave used differentweightages for ListedPrice Monitor/RentMonitor. Therefore, readas a whole, PropIndexalong with tablesprovided for Listed PriceMonitor, Rent Monitor,Yield Monitor andCapital Values, gives anexcellent perspective ofthe property marketperformance in thequarter.

While listing and itsvalues/supply provide alevel of understandingof the market, there aremeticulous data checksto prevent aberrationscreeping in the Index.These are based onstatistical calculations,industry inputs andlogical interpretations.

The National PropertyIndex (NPI) is indicativeof the extent of activityas well as pricemovements across citiesand localities in themajor cities active onMagicbricks.com. Theindex includes the top11 cities (these have

been chosen based ontheir activity levels) andhas an individual cityreport for each of thesecities. While the NPI andits movements are ofinterest to the expertcommunity of bankers,builders and investors,the PropIndex has alsotaken care to explain thenuances of indexmovements at thelocality level that wouldhelp the huge base ofMagicbricks.comconsumers.

Insights into consumerdemand have beengathered throughanalysis of searchinformation on the site.This helps understandthe best localities bydemand, the type andconfiguration of units aswell as the budget-wisepreferences.

The PropIndex is theresult of meticulousresearch at the localitylevel and throughdetailed discussionswith experts atMagicbricks.com’soffline and onlineinitiatives.

The Indian real estatemarket is dynamic andthe PropIndex reflectsthose changes. Since it isderived from a dynamicdatabase, additions anddeletions of localitieshappen as a function ofmarket dynamics.

METHODOLOGY

There is a wealth of information within these pages. For better readability, we have presented some data as tablesand others as graphs. Between them, you will find how property markets have performed in the Oct-Dec 2013quarter from different perspectives – from that of capital appreciation, from a rental/yield realisationperspective and from a supply standpoint. Also, Demand Analysis section, explains what consumers look for.

We recommend that you evaluate the city report in its entirety and that will provide a rounded perspective of theperformance of the property market within each city. Here are the details of what you will find in each of the cityreports enclosed within:

1. City Property Index – This is a composite index which is a function of supply of properties as well as theaverage capital appreciation/drop in various localities of the city in the quarter. The city index is theweighted average of the average rate per square foot in that locality and the supply of properties from thatlocality. Premium localities (with higher average rate per square foot) as well as localities with higher supplyof properties will have a bigger impact on the Index. For example, if the supply of properties from apremium locality drops, that locality will end up having a lower weightage in the index which in turn willpush the Index downwards (and vice-versa). On the other hand, supply of properties remaining unchanged,the Index will be influenced by capital appreciation within the locality.

2. Listed Price Monitor – This metric shows the capital appreciation/drop within a locality and is calculatedon the basis of movement in the “average rate per square foot” within that locality. By and large, themovement in the “average rate per square foot” reflects capital appreciation/drop. However, in a few selectcases, we have observed that the average rate per square foot moves due to a change in the mix of apartmentswithin that locality (e.g. if the ratio of premium apartments, which command a higher per square foot rate,changes over the quarter). In these few circumstances, the Listed Price Monitor will, in turn, reflect thisinput. Such changes have been explained in the text of the City Reports.

3. Rent Monitor – This reflects the rental appreciation/drop within a locality. It is calculated on the basis ofmovement in the “average rent per square foot” within that locality. By and large, the movement in the“average rent per square foot” reflects rental appreciation/drop. However, in a few select cases, we haveobserved that the average rent per square foot moves due to a change in the mix of apartments within thatlocality (e.g. if the ratio of premium apartments, which command a higher per square foot rent, changes overthe quarter). In these few circumstances, the Rent Monitor will, in turn, reflect this input. Such changes havebeen explained in the text of the City Reports.

4. Yield Meter – Yield is the annual rate of return earned on property. The Yield Meter depicts the gross yieldpercentages across various localities. Gross yield is a ratio of average annual rental value to the averagecapital value of the property.

5. Capital Value Tables (given in Annexures) – This shows the actual range of prices within which propertieswere available in each locality in the quarter. Prices are shown in Rupees per square foot basis, these are theprevailing rates for properties in each locality.

6. Demand Analysis – This analysis of consumer demand is based on searches and requirements that usershave performed on Magicbricks.com. The top localities by demand gives an insight into consumerpeferences. The demand data has been used to arrive at various aspects of consumer requirements includingBudget-wise analysis, Property type analysis and BHK configuration analysis. This section also provides acomparison between demand and supply in the Jul-Sep 2013 and Oct-Dec 2013 quarters.

7. Realty News – Property market performance is also dependent on drivers outside the purview of buyingand selling. There are broadly four key drivers that determine the prospects of real estate – infrastructuresuch as water and power, transport links creating new growth corridors, policy such as rental laws, propertytax, etc and return on investment. PropIndex also focuses on news bytes that impact future prospects of real estate in the city.

GLOSSARY & DEFINITIONS

OCT-DEC 2013

Cautious approach by propertyseekers and controlled supply bylocal and national developers heldthe growth of the NationalProperty Index (NPI). In the Oct-Dec 2013 quarter, the NPIshowed no change in comparisonto a 4 per cent rise in the Jul-Sep 2013 quarter.

NPI is a weighted average ofsupply and values across 11 citiesin India. In the last quarter, thecity index value remained intactwithin the range of minus 4 per cent to plus 5 per cent.

Of the 11 cities in the apartmentindex, five cites saw a rise of 1-5 per cent (Chennai, Mumbai,Pune, Ghaziabad and Noida), four registered a drop between 1-4 per cent (Bangalore, Delhi,Gurgaon and Ahmedabad) andtwo witnessed stable index values(Hyderabad and Kolkata).

Chennai registered the maximumrise of 5 per cent in the city index.It was followed by Mumbai, Pune

and Ghaziabad with 2 per centrise each. Noida registered thelowest rise of 1 per cent.

Bangalore registered the steepestfall of 4 per cent. This wasfollowed by Delhi and Gurgaonwith 2 per cent each. Ahmedabadregistered a drop of 1 per cent.

The Listed Price Monitor, whichlargely shows the capitalappreciation/drop within alocality, ranges between minus 1 per cent to plus 5 per cent.

Mumbai listed price monitorregistered the maximum rise with5 per cent primarily on account ofpremium localities where valuesremained steady and up. This wasfollowed by Ghaziabad and Punewith 3 and 2 per cent riserespectively.

Hyderabad and Bangalore in the South and Ahmedabad in theWest registered a small drop of 1 per cent. Delhi and Gurgaonshowed no change.

Housing value upto Rs 50 lakhcontinued to see maximum supply

in Chennai, Kolkata andHyderabad. However, lowestsupply was registered in Gurgaon,Mumbai and Delhi.

Properties worth over Rs 1.5 crorecomprises 18 per cent of totalsupply of apartments in the 11 cities.

n Slow transactions widenedthe gap between resale andnew property prices

n Delay in projects pusheddemand for ready-to-move-inprojects significantly.

n Upcoming general electionsin 2014 lowered the rate ofinflow of funds.

n Demand for premiumproperty worth Rs 2 croreand above tops in Bangaloreand Gurgaon.

IN THIS REPORT:

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

Delhi.........................................4

Gurgaon...................................13

Noida & Ghaziabad................... 24

Mumbai....................................36

Pune........................................47

Ahmedabad..............................56

Kolkata...........,........................ 61

Chennai....................................70

Hyderabad................................79

Bangalore.................................89

Annexures.................................99

NATIONAL PROPERTY INDEX (NPI)

VOL 3, ISSUE 3; OCT-DEC, FY 2013-14

OCT-DEC 2013

propindex.magicbricks.com

NATIONAL PROPERTY INDEX

l Slow transaction rate haswidened the gap between resaleand new property prices.

l Weak consumer sentiments onthe back of slow economicgrowth and consistent rise ininterest rates by RBI and delayin projects pushed demand forready-to-move-in projectssignificantly.

l Residential properties worth Rs 30-50 lakh was in maximumdemand.

l Consumer demand for premiumvillas/independent housesworth Rs 2 crore and abovetopped in Bangalore andGurgaon.

l Close to 50 per cent demand forresidential plots was forproperties worth upto Rs 30 lakh

l Chennai and Bangaloreaccounted for over 55 per centdemand for residential plotsacross 11 cities.

l Upcoming general elections in2014 have lowered the rate ofreal estate investment in thecountry.

Ahmedabad City Index as well asthe listed price monitor registereda drop of 1 per cent in the

Oct-Dec 2013 quarter. This isprimarily on the back of slowtransactions and new launches in the city. A small rise of 1-4 per cent in close to 40 per centof total localities, held the free fallof the listed price monitor.

The Delhi City Index dropped by2 per cent during the Oct-Dec 2013quarter as compared to a rise of 4 per cent in the previous quarter.Slow development rate, mainly inthe redevelopment of existingproperties, coupled with a smallrise in merely 38 per cent of thelocalities led to a drop in the cityindex. Rental market tooremained subdued with over 50 per cent localities registering adrop in average rental values.

The market performance was slowin the Oct-Dec 2013 quarter, withbuyers skeptical about investingbefore the general elections 2014.While the number of enquiresremained stable, actualtransactions went down. Thispushed the Gurgaon City Indexdownwards by 2 per cent. Over 60 per cent of localities registeredeither a drop or remainedunchanged, keeping the listedprice monitor stable.

Noida City Index and the listedprice monitor moved up by 1 per cent during the Oct-Dec 2013quarter. Project delays and

negative consumer sentiments hitthe Noida realty market towardsthe middle of the year. Thissituation improved slightly as theyear drew to a close. Newdeveloping Sectors 74-78 have beentrading well in terms ofresidential demand and capitalappreciation. This kept the indexvalue intact primarily due toproximity to developed Sectors 50and 51 and comparativelyaffordable values.

The residential market inGhaziabad witnessed a rise of 2 per cent in the City Index and 3 per cent in the listed pricemonitor. Rise in average capitalvalues in over 80 per cent of thelocalities tracked in the city, keptthe values positive. Propertiesboth in the affordable range of

Locality RankQ2 Q1

Mumbai 1 1

Bangalore 2 2

Pune 3 3

New Delhi 4 4

Chennai 5 6

Hyderabad 6 8

Kolkata 7 5

Gurgaon 8 7

Noida 9 9

Ghaziabad 10 10

Preferred Localities - Sale

Note: Q3 Oct-Dec 2013, Q2 Jul-Sep 2013

Preferred Localities - Rent

Locality RankQ2 Q1

Mumbai 1 1

Bangalore 2 2

Pune 3 4

New Delhi 4 3

Chennai 5 5

Gurgaon 6 6

Hyderabad 7 7

Kolkata 8 8

Noida 9 9

Ahmedabad 10 10Note: Q3 Oct-Dec 2013, Q2 Jul-Sep 2013

propindex.magicbricks.com VOL3, ISSUE 3; OCT-DEC, FY 2013-1402

Rs 20-40 lakh and Rs 40-70 lakhremained high. Demand remainedstrong, over 70 per cent, for multi-storey apartments.

Underlying demand for residentialproperties remained robust eventhough actual transactions were atan all-time low. Thus, there was noprice correction inspite of unsoldinventory. This resulted in a rise of2 per cent in Mumbai City Index.With rise in 53 per cent of the totallocalities and no new launches, the listed price monitor rose by 5 per cent.

The Pune residential marketconsistently performed quarter-over-quarter. In the Oct-Dec 2013quarter, the City Index as well asthe listed price monitor rose by 2 per cent. This was due to robustdemand for properties along the ITcorridor in areas such as Wakadand Baner in the West andKharadi, Viman Nagar andMagarpatta in East Pune.

The new amendment in theIncome Tax Act adversely affectedthe market, especially where theregistry value of the flats wasmore than the actual transactionvalue. This resulted in a drop inthe number of transactions inthese locations and resulted in nochange in the Kolkata City Indexvalue in the Oct-Dec 2013 quarter.

The Chennai City Index rose by 5 per cent in the Oct-Dec 2013

quarter. With a few notableexceptions, 70 per cent of themicro markets reported amarginal change in propertyvalues. This impacted the overallListed Price Monitor, recording arise of just 1 per cent. In the rentalmarket, an equal number of micromarkets registered a rise and dropin average prices.

With the unresolved Teleganaagitation, prices in Hyderabadhave not grown significantly. Thiskept the city index as well as thelisted price monitor intact. In theOct-Dec 2013 quarter, theHyderabad City Index remainedunchanged and the Listed Pricemonitor moved up by 1 per cent.

Unlike the previous quarter, theBangalore City Index dropped by4 per cent in the Oct-Dec 2013quarter. With a major portion oflocalities reporting a steadymarket with little change inproperty values, the overall ListedPrice Monitor for Bangaloreregistered a drop of 1 per cent.

Slow economic growth, risinginterest rates by the RBI, coupledwith delay in projects hasincreased the burden on propertybuyers. They also have to bear theexpenses of increased EMI as wellas rental values. This has pushedthe demand for ready-to-move-inapartments over under-construction property in thecurrent Oct-Dec 2013 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%

15% 15%

23%

14% 13% 12%8%

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, Marathahalli 5.11%

Kolkata, Narendrapur 4.67%

Hyderabad, Nizampet 4.48%

Chennai, OMR 3.81%

Ahmedabad, Vejalpur 3.78%

Mumbai, Parel 3.45%

Noida, Sector-92 3.28%

Pune, Viman Nagar 3.07%

Ghaziabad, Indirapuram 2.93%

Delhi, Malviya Nagar 2.56%

Gurgaon, Sushant Lok-I 2.49%

CAPITAL GAINS

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

Locality % Change

Chennai, Thiruvanmiyur 12.14%

Hyderabad, Dilsukhnagar 9.80%

Kolkata, New Alipore 9.13%

Pune, Sopan Baug 8.81%

Bangalore, Varthur 7.33%

Mumbai, Andheri West 6.66%

Delhi, Hauz Khas 5.73%

Ghaziabad, Lal Kuan 5.56%

Ahmedabad, Vaishnu Devi 5.08%

Gurgaon, Sector-82 5.00%

Noida, Sector-82 4.56%

propindex.magicbricks.comVOL3, ISSUE 3; OCT-DEC, FY 2013-1403

PROPINDEX - NOIDA-GHAZIABAD

The property market of Noida witnessed the City Index and thePrice Monitor inching up by 1 per cent during the quarter. Thiswas in contrast to the 1 per cent drop seen in the previousquarter. Ghaziabad Price Monitor on the other hand recorded arise of 3 per cent while City Index rose by 2 per cent.

l Project delays and negativeconsumer sentiments hit theNoida realty market towards themid of the year. This improvedas the year drew to a close.

l In the last six months, Sectors74-78 have been doing well interms of demand and capitalappreciation. In the last twoyears, these sectors havewitnessed more than 35 per centrise in capital values due toproximity to the developedSectors 50 and 51 andcomparatively affordable values.

l Rental market saw dwindlingdemand in Sectors 25, 35, 44 and50. All these sectors have eitherwitnessed stable or falling rentalvalues in the past one year.

l This is attributed to the rentaldemand shifting to Sectors 28, 29and 37 that offers proximity tothe metro rail.

l During the last quarter supplywitnessed a rise across all zones.Old Noida in particular saw arise of 11 per cent in the supplyof multi-storey apartmentsparticularly in Sectors such as32, 50, 61 and 62.

l As compared to Noida,Ghaziabad recorded a morepositive market with nearly 85 per cent localities registernga rise in capital values in the Oct-Dec 2013 quarter.

l Indirapuram continued to reignsupreme both for sale as well asfor rental use. The locality hasbeen the most preferred inGhaziabad since the beginningof the year 2013.

l Even though the sub-city sawthe release of several ready-to-move-in residential units in2013, a lack of nearly 20 per centwas witnessed in the supply ofmulti-storey apartments duringthe Oct-Dec 2013 quarter.

l While an over-supply for 3BHKunits was seen, availability of2BHK units, the most demanded,fell short by 5 per cent.

l In the last few months,Crossings Republik has seenrising demand on the back ofaffordability and availability.The locality has witnessed a riseof 55 per cent in capital valuesin the last two years, the highestamongst all localities tracked.

Key Takeaways

propindex.magicbricks.com VOL3, ISSUE 3; OCT-DEC, FY 2013-1424NOIDA-GHAZIABAD

Which residential pockets will havemaximum developments in 2014?

The top five residential pockets inGhaziabad are: l Madhuban Bapu Dham l Loni Bhopura Road including KoyalEnclave

l Rajnagar Extension l NH-24l Along the GT Road

Reasons for choosing:l They either have excellent existinginfrastructure or have several keyinfrastructure projects in pipeline.

l All these areas have sizeablehabitation in their vicinity.

l Availability of significant number ofready-to-move-in units.

How many units are expected tocome at possession stage in 2014?

Close to 20,000 units are expected toccome to possession stage in 2014.

How has the financial crunch of2013 impacted development?

Though the entire economy felt theeffect of the financial crunch in 2013but Ghaziabad being an end-userfocused destination, remained largelyinsulated from the financial crunch.

Will commercial stage a comeback?

It will definitely gain some momentumin the coming year but the growthwon’t be very rapid.

Which category do you expectmaximum buyer attraction in 2014?

Undoubtedly, the multi-storeyapartments will continue to dominatethe market. More specifically theaffordable section of these multi-storeyapartments.

Santosh Kumar YadavVice-Chairman Ghaziabad DevelopmentAuthority

Q&A

l The Noida market remained largely stable withnearly 45 per cent of the tracked localities recording1-5 per cent capital appreciation while 25 per centregistered a drop in values.

l Capital values in Sectors such as 34 and 100continued to register a positive trend in the presentOct-Dec 2013 quarter.

l Certain localities that had witnessed a drop invalues in the Jul-Sep 2013 quarter such as Sector 70and 82 recorded a rise in capital values this quarter.

l While availability of ready-to-move in units workedin favour of Sector 82, increasing residentialdemand led to rising values in Sector 70.

LISTED PRICE MONITOR - Noida

Locality Average Rental Average Capital Gross Value (Rs/sqft/mth) Value (Rs/sqft) Yield

Sector-44 19.50 12,625 1.85%

Sector-50 17.00 7,975 2.56%

Sector-82 13.00 6,300 2.48%

Sector-62 15.25 6,225 2.94%

Sector-92 21.50 7,875 3.28%

Sector-93 16.50 7,375 2.68%

Sector-93B 17.00 7,375 2.77%

Sector-82 13.00 6,300 2.48%

Sector-29 15.75 7,975 2.37%

Sector-119 11.25 4,950 2.73%

YIELD METER - Noida

l The Magicbricks.com yield meter ranged between1.85 to 3.28 per cent during the Oct-Dec 2013quarter as compared to the 1.99-3.74 per centlocked in the previous quarter.

l The slump in the rental market during the lastquarter of the year may be attributed for the dropin the gross yields across localities in Noida.

l Though the gross rental yield dropped from 3.74 to3.28 per cent in the Oct-Dec 2013 quarter, Sector 92continued to clock the highest returns.

l Localities such as Sector 50, 62 and 93, which alsofeatured in the list of top ten preferred localitiesfor rent, recorded healthy rental returns to thetune of 2.5-2.9 per cent approximately.

RENT MONITOR - Noida

l As opposed to the previous quarter, rental market inthe sub-city witnessed a set-back with more than 55 per cent of the localities tracked recording a dropin rental values.

l Sectors such as 25, 35, 44 and 50 noted a dip of 6-8 per cent in rental values in the last quarter of theyear with Sector 25 seeing the maximum drop of 8 per cent.

l Rental demand has been slowly but steadily shiftingfrom Sector 25 to Sectors 28, 29 and 37 owing to themetro connectivity and better facilities.

l This was reflected in the rental values of Sector 28and 29 which recorded a rise of 2-3 per cent in theOct-Dec 2013 quarter.

1%

propindex.magicbricks.comVOL3, ISSUE 3; OCT-DEC, FY 2013-1425 NOIDA-GHAZIABAD

Growth Number of Localities with Most ActiveCorridor Projects Maximum Property

Residential Projects Typology(Multi-storey)*

Noida Extension 71 Greater Noida West 90%

New Developing Sectors 26 Sector-74,75,77,78 and 79 88%

Noida Greater 24 Sector-137, 140 and 143 75%Noida Expressway

RENT

Locality Rental RankValues Q3 Q2

Sector-62 14000 to 17500 1 1

Sector-50 15500 to 19500 2 2

Sector-82 12000 to 15000 3 3

Sector-61 15500 to 19000 4 4

Sector-93 15000 to 19500 5 5

Sector-120 11000 to 13000 6 7

Sector-19 14000 to 17500 7 8

Sector-100 14500 to 17500 8 -

Sector-37 14500 to 18000 9 6

Sector-44 17500 to 23000 10 10


Locality Capital RankValues Q3 Q2

Sector-50 7400 to 9000 1 1

Sector-78 4850 to 5500 2 2

Sector-137 4650 to 5250 3 3

Sector-120 4800 to 5600 4 4

Sector-76 4750 to 5200 5 5

Sector-100 5750 to 6850 6 6

Sector-128 6250 to 8150 7 -

Sector-74 4650 to 5250 8 9

Sector-62 5650 to 7250 9 7

Sector-77 4950 to 5600 10 -

SALE


PREFERRED LOCALITIES - NOIDA

l The list of top ten preferred localities for saleremained almost unchanged in the Oct-Dec 2013quarter as compared to the previous quarter.

l With most localities retaining their position, Sector50 continued to be the most preferred in the sub-city.

l Inspite of robust demand for the sector, values havebeen witnessing a negative trend in the last sixmonths, due to low consumer sentiments.

l Popularity of the 7X Sectors continued in the Oct-Dec 2013 quarter. While Sectors 76 and 78retained their positions at second and fifth spot,Sector 77 at tenth position was a new entry.

l Sectors 76 and 78 have witnessed a hike of 46 and 35 per cent, respectively, in capital values in the lasttwo years. Depleting inventory along the expresswayhas shifted demand in these sectors.

l Along the expressway, Sectors 120 and 137 continuedto garner buyer interest thus, retaining their thirdand fourth spots on the list.

l The list of top ten localities for rent in Noida alsoremained largely unchanged in the Oct-Dec 2013quarter as compared to the previous quarter.

l Older sectors of the sub-city such as 50, 61 and 62continued to be preferred as rental accommodations.Presence of commercial set-ups and proximity to IThubs have ensured rental demand here.

l Rental values for these sectors have thus, seensignificant rise in the last two years. An increase of8-17 per cent has been recorded with Sector 62registering the highest rise.

l One of the newly developed sectors to have caughtthe fancy of those looking for rental accommodationis Sector 82. It was the third most preferred localityfor rental accommodation.

l Its strategic location just off the Expressway, makesit easily accessible to Delhi and various office spacesincluding Greater Noida. The locality has thus,witnessed a hike of 18 per cent since the last twoyears and a rise of 8 per cent in the previous year.

Above 50% 40-50% 20-30% 10-20% Less than 5%


*Percentage of total supply

l Similar to the previous quarter the listed pricemonitor for Ghaziabad recorded a rise of 3 per centin the Oct-Dec 2013 quarter as well. The City Indexon the other hand, rose by 2 per cent during thesame period.

l More than 85 per cent of the localities trackedregistered a rise in capital values during the lastquarter of the year. However, the rate of capitalappreciation had slowed down drastically in 2013 ascompared to the previous year.

l While localities such as Lal Kuan and ShalimarGarden Extension saw the highest rise in capitalvalues with an increase of 5-6 per cent,Govindapuram recorded a drop of 5 per cent.

LISTED PRICE MONITOR - Ghaziabad

Locality Average Rental Average Capital Gross Value (Rs/sqft/mth) Value (Rs/sqft) Yield

Indirapuram 12.75 5,225 2.93%

Vaishali 13.00 5,350 2.92%

Vasundhara 10.25 5,025 2.45%

Crossings Republik 6.75 3,575 2.27%

Kaushambi 12.75 6,150 2.49%

Y I E L D M E T E R - G h a z i a b a d

l During the Oct-Dec 2013 quarter the Magicbricks.comyield meter recorded the returns in the range of 2.27-2.93per cent as opposed to 2.20-2.90 per cent that was noted inthe previous quarter.

l Ghaziabad has been witness to increasing rental returnsdue to its developing infrastructure, connectivity to bothNoida and Delhi and affordable rental values.

RENT MONITOR - Ghaziabad

3%

l While Indirapuram clocked the highest rentalreturns, Crossings Republik yielded the lowest.

l Vaishali was a close second with 2.92 per centgross yield. Stable capital values and risingrental values ensures good returns.

l While Indirapuram clocked the highest rentalreturns at 2.93 per cent, Crossings Republikyielded the lowest at 2.27 per cent.

l Demand from professionals working in thecommercial sectors of Noida keeps rentaldemand in Indirapuram upbeat.


l As opposed to the previous quarter that sawVasundhara clocking the highest rise in rentalvalues, the locality witnessed a slight dip in thecurrent Oct-Dec 2013 quarter.

l The reason for demand shifting towards CrossingsRepublik from Vasundhara could be due to lowerrental values. The locality also recorded the highestrise of 4 per cent in rental values in this quarter.

l Consistent demand in localities such asIndirapuram and Vaishali ensured that the rentalvalues continue to rise.

l Both localities recorded a rise of 2 per cent in rentalvalues in the last quarter (Oct-Dec 2013) of the year.

Growth Corridor Number of Most Active PropertyProjects Typology*

Raj Nagar Extension 15 96% Apartments

NH-24 13 84% Apartments 13% Residential Plots

Indirapuram 4 91% Apartments

RENT

Locality Rental RankValues Q3 Q2

Indirapuram 11500 to 14500 1 1

Vaishali 12000 to 15000 2 2

Crossings Republik 6000 to 8000 3 3

Vasundhara 9500 to 12000 4 4

Raj Nagar Extension 7000 to 9000 5 5

Kaushambi 11500 to 14500 6 6

Sahibabad 8500 to 10500 7 -

Shalimar Garden Extn-1 9000 to 11500 8 8

Pratap Vihar 10500 to 12500 9 7

Govindpuram 6500 to 9000 10 10


Locality Capital RankValues Q3 Q2

Indirapuram 4750 to 6050 1 1

Vaishali 4900 to 6150 2 2

Vasundhara 4650 to 5650 3 4

Crossings Republik 3400 to 3900 4 3

Raj Nagar Extension 2800 to 3350 5 5

Kaushambi 5600 to 7150 6 6

Govindpuram 2500 to 3250 7 7

Shalimar Garden Extn-1 3500 to 4300 8 8

Sahibabad 3350 to 4250 9 10

Pratap Vihar 3600 to 4250 10 9

SALE


PREFERRED LOCALITIES - GHAZIABAD

l The list of top ten preferred localities for sale didnot throw up any surprises this quarter. It remainedalmost unchanged with minor alterations,Indirapuram retaining its top spot.

l Indirapuram has remained on the top for threequarters in a row. Easy connectivity to both Noidaand Delhi has ensured demand here. The localityhas registered a rise of nearly 35 per cent in capitalvalues since the last two years.

l The second most preferred location for sale wasVaishali followed by Vasundhara. Both these havealso been top priority for home buyers due toavailability of ready-to-move-in units and welldeveloped social and physical infrastructure.

l The popularity of these two has ensured a rise ofmore than 30 per cent in capital values in the lasttwo years.

l Crossings Republik, which was at the fourth spot,has recorded a rise of 55 per cent in the last twoyears due to comparatively affordable values.

l The list of top ten preferred localities for rent hasbeen almost unchanged in the last three quarters.

l Indirapuram has continued to reign the list ofpreferred localities for rent. Even though in the lastone year the locality has remained subdued in termsof rental appreciation, the values have gone up by 16 per cent in the last two years.

l Proximity to IT hubs of Noida is the primary factordriving rental demand in Indirapuram.

l Vaishali and Crossings Republik occupied thesecond and third spots on the list respectively.

l While rental demand has risen considerably inVaishali post the Metro, rental values in the localityhave remained largely stable in the last one yearwhile registering a rise of less than 5 per cent.

l Crossings Republik has seen robust rental activitywith values rising by 14 per cent in the last one year.This could be due to lower values and new ready-to-move-in apartments in the locality.

Above 40% 30-40% 10-20% 5-10% Less than 5%


*Percentage of total supply

Noida continues to attract investors and buyers owing to good infrastructureand connectivity. For those looking for property in and around Noida, ampleready-to-move-in residential options are expected to come up this year. The Noidaauthority’s approval for mixed land use also sent a positive signal.

Mixed land use approved by Noida AuthorityMixed land use will soon be a reality in Noida. Certain commercial activities can becarried out from within the sectors. Noida Authority provided in-principle approval formixed land use policy for specific areas. As per the policy, allottees owning residentialand industrial properties will be able to convert them into mixed land use by paying 50 per cent of the cost difference between the prevailing rate and the reserved price.

n The Times of India, Delhi/NCR

56,000 residential units to come up in Noida by 2014 In order to fight off the low occupancy rates, Noida will soon see a number of unitsbeing delivered by 2014. “Of the one lakh units, 56,000 units are expected to be deliveredin 2014,” says AK Jain, director, Affinity Solutions. Despite known to be one of theaffordable destinations in Delhi, Noida today, is facing low occupancy rate. Of the onelakh residential units, only 5000 have been delivered and the rest are expected to bedelivered in the coming years,” adds Deepak Batra, CEO, Propworld.

n Magicbricks.com Bureau


Locations to gain prominence due todevelopment of physical infrastructureand completion of units:

Emerging Sectors (Sectors 7X, 116-122): Extension of Metro LineNoida Expressway: Extension ofMetro Line from Noida City CenterGreater Noida West: Noida-Ghaziabad Expressway and YamunaExpresswayGreater Noida: Delhi-MumbaiIndustrial Corridor hub at Dadri


Approximately 88,500 units

What will be the impact of thegeneral elections on development?

The upcoming elections are expectedto end uncertainty in political andeconomic environment providing animpetus to the real estate.


New Launches declined by 38 percent. Capital values increased both inthe mid and high-end segment in therange of 5-8 per cent over the year.


Leasing activity in 2013 decreased by24per cent as compared to 2012 withabsorption declining by 51 per cent.With declining absorption and asupply of 3.5 million sq ft, rentals arelikely to weaken further in Noida.


Multi-storey apartments and Studioapartments.

Manish Agarwal,Executive Director,Cushman & Wakefield

Q&A

R E A L T Y N E W S

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

“The last calendar year was a bit slow for theproperty market of Noida. However, the lastquarter highlighted by the festive season wasslightly better for the market. The last quarterhas been particularly good for thecommercial sector while the residential sectorpicked up slightly. We need to understandthat people who are end users in residentialsector will buy properties irrespective of themarket scenario since it is his need.”

Sushant MuttrejaManaging DirectorCosmic Group

E X P E R T S P E A KDeveloper

Property market of Noida did not perform asper our expectations in the last quarter of2013. However, the NRI presence due to thefall of the Indian currency brought somerelief. Sectors 74-78 performed well due tolower values and good amenities. Further,proximity to Sector 50, one of the mostdeveloped sectors, with average capitalvalues hovering around Rs 8,000-12,000 persq ft, is also driving demand.

Deepak BatraOwnerProp World Realty

Broker


Ghaziabad offers a lot of residential properties within the affordable budgetrange of Rs 20-50 lakh. Owing to affordability, areas along the NH-24 – theregion in proximity to trans-Hindon areas are being most preferred.

NH-24: Realty hotspot for middle-class buyersAreas along the NH-24—the region in the vicinity of the trans-Hindon areas ofGhaziabad, Noida and Greater Noida—have become a favoured destination for realtydevelopment with buyers flocking to the area for their affordable housing options. Evendevelopment authorities like the Ghaziabad Development Authority (GDA), the UP AwasVikas Parishad and the Municipal Corporation of Ghaziabad have shown keen interestin developing the region and position it as an ideal residential destination.

n Times Property, The Times of India, Delhi/NCR

Ghaziabad, an affordable housing destination in Delhi NCR Where should you buy your dream home in Delhi NCR that is in your budget? Likemany other prospective home buyers, is this bothering you? If yes, then cheer up asGhaziabad offers a lot of residential properties within the restricted budget of Rs 20-50 lakh, equipped with all modern amenities. The area also boasts of goodconnectivity to other areas of the NCR, such as Noida and Greater Noida. Also, thewidening of the present eight-lane NH-24 to 14-lanes is expected to boost the propertyvalues in Ghaziabad.

n Magicbricks.com Bureau


Indirapuram, Crossings Republik, RajNagar Extension, Vaishali &Vasundhra due to affordable pricingcompared to the other parts of NCR.


20,000 units are scheduled to becompleted in Ghaziabad in 2014.Whereas the prices in Ghaziabad havebeen low attracting the “affordablehousing” segment, the growth incapital values has not been much ascompared to its richer cousins –Gurgaon and Noida.

What will be the impact of thegeneral elections on development?

The market is expected to witnesspositive trends in the second half of2014 when customers will moveahead of the ‘wait-and-watch’ mode.The outcome of the general electionsis expected to bring stability andhence, more investments.


New launches scheduled forcompletion in 2013 witnessed a dropof 18 per cent. One reason could bedevelopers focussing on completion ofprojects launched in 2012.


Commercial segment in Ghaziabad isnot very active and sought-after.Gurgaon and Noida have more activecommercial markets.


Multi-storey apartments.

Rohit KumarHead of ResearchDTZ India

Q&A

R E A L T Y N E W S

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

“Ghaziabad is mainly an end user market andplaces like Crossings Republik, Vaishali andIndirapuram are tapping this segment. Anend user market always does well. If themarket is slow then an end user gets a betterdeal. The last quarter saw developers offeringseveral schemes due to the festive season.This again acted as a drawing factor for theend user. Thus, the last quarter was good andwe expect it do better in the year 2014.”

Prashant TiwariCMDPrateek Group

E X P E R T S P E A KDeveloper

“The real estate market has been largelystable during the Oct-Dec 2013 quarter.Values have not dropped but there has beenno increase either. This is largely due toreduced transactions in the last four to sixmonths. On the positive side, CrossingsRepublik and Raj Nagar Extension saw newdeliveries throughout the year. NH-24 alsoemerged as a residential destination withfuture potential.”

Broker


Abhay MittalVice PresidentSRK Group

Budget wise Analysis

l The maximum demand and supplyof 36 per cent, was seen in the Rs 60-100 lakh category with supplyincreasing by 4 per cent. Thesupply and demand of the Rs 100 lakh and above category wasmatched but the supply registereda drop of 5 per cent.

l The remaining categories, Upto Rs 20 lakh, Rs 20-40 lakh and Rs 40-60 lakh, also showedmatching demand and supply inthe current Oct-Dec 2013 quarter.

DEMAND - S UPP LY ANALYS I S - No i d aDemand and supply were perfectly matched in the Noida market. In fact, there was double thesupply of property Upto Rs 20 lakh than demand for the same. Even in terms of property typesthere was a good match between supply and demand. Apartments were predictably most indemand and supply. The supply and demand of plots was small.

However, when it came to BHK configurations, demand was far greater for 2BHK configurationswhile the supply was more in the 3 and 4BHK and above categories. There was more demand thansupply for 1BHK apartments while the supply of 4BHK and above units was twice the demand inthe current Oct-Dec 2013 quarter.

Property wise Analysis

l The property type in Noida citynoted matching demand andsupply in all categories. The multi-storey apartments though hadmatching demand and supply(approximately 85%), but supplyregistered an increase of 5 per centover the previous quarter.

l The category of residential plotshad corresponding demand andsupply of 9 per cent but againnoted a drop of 3 per cent in thecurrent Oct-Dec 2013 quarter.

BHK wise Analysis - City Level

l Over 80 per cent demand andsupply was seen in the 2 and 3BHKconfiguration, with supplyexceeding demand by 5 per cent inthe 3BHK category and demandexceeding supply by over 10 percent in the 2BHK category.

l Though the supply in the 4BHKand above category was 16 per cent,registering a drop of 3 per cent, thedemand in the same was only 8 per cent in the current Oct-Dec 2013 quarter.

50

40

30

20

10

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

above

2

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

2

12 10

26 25

34 36

26 27

(Jul-Sep 2013)

(Oct-Dec 2013)

Budget wise Analysis - City Level

DEMAND

50

40

30

20

10

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

above

6

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

4

9 9

21 23

3236

33

28

(Jul-Sep 2013)

(Oct-Dec 2013)

SUPPLY

Property wise Analysis - City Level

100

80

60

40

20

0

85 86

5 49 9

1 1

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Residential Residential Villaapartment house plot

DEMAND

100

80

60

40

20

0

79 84

8 612 9

1 1

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Residential Residential Villaapartment house plot

SUPPLY

BHK Configuration - City Level

50

40

30

20

10

0

6 6

4745

40 41

7 8

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above

DEMAND SUPPLY

50

40

30

20

10

0

4 4

3234

45 46

1916

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

1BHK 2BHK 3BHK 4BHK &above


There is marginally more demand than supply for apartments of Rs 40-60 lakh each whilethere is a small oversupply of units in the Rs 60-100 lakh category. There is as muchsupply as there is demand for houses of Rs 1 crore and above. Strangely, there is moresupply than demand for houses of Rs 20-40 lakh in the New Developing Sectors of Noida.

Over 90 per cent of demand is for apartments. There is a small demand for plots butsupply does not match demand. Supply exceeds demand for 3 BHK units while demandexceeds supply of 1 and 2BHK units in the current quarter.

BHK wise Analysis


Q2 (Jul-Sep 2013)Q3 (Oct-Dec 2013)

Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh

Rs 1 crore and above

DEMAND SUPPLY

DEMAND SUPPLY


1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l Consolidated demand of 75 per cent was seen in the budget ranges ofRs 40-60 lakh and Rs 60-100 lakh categories, with a correspondingsupply of 80 per cent in the same. Where the demand and supply inthe latter showed a mismatch of 5 per cent.

l This mismatch was also observed in the Rs 20-40 lakh category withthe demand at 12 per cent and supply only half of that at 6 per cent.The same trend was noted in the previous quarter as well.

l Corresponding demand and supply of 12 per cent was seen in the Rs 100 lakh and above category. The Upto Rs 20 lakh categoryregistered a negligible demand and supply.

DEMAND & SUPPLY - New Developing Sectors, Noida


l Over 90 per cent demand and supply was registered for the multi-story apartment category. This was not only corresponding butsimilar to the trend observed in the previous Jul-Sep 2013 quarter.

l The remaining, less than 10 per cent demand and supply, in thecurrent Oct-Dec 2013 quarter, was noted for residential houses andresidential plots.

l The villas category in the New Developing Sectors of Noida, neitherhad demand nor supply in the current Oct-Dec 2013 quarter, againsimilar to the trend in the previous Jul-Sep 2013 quarter.

BHK wise Analysis

l Approximately 90 per cent demand and supply was noted in the 2 and 3BHK categories but a mismatch was observed in theindividual segments.

l Where the demand in the 2BHK category was 54 per cent the supplyin this category was limited at 42 per cent. On the other hand, thedemand in the 3BHK category was only 36 per cent but the supplywas over 47 per cent.

l Similarly, the demand in the 1BHK category was 6 per cent but the supply was half at 3 per cent. While the demand in the 4BHK category was only 4 per cent the supply was double at 8 per cent, in the current quarter.


Multistorey apartment

Residential house

Residential plot

Villa

Q2 Q3

3640

14

34 39

12

1211

Q2 Q3

7 6

32

44

12

46

34

15

Q2 Q3

5455

6

36

6

36

Q2 Q3

4748

40

9 8

42

Q2 Q3

93

5

93

5

Q2 Q3

92 94


One of the most actively traded areas in the NCR, there are two standouts in the region –supply exceeds demand in the Upto Rs 20 lakh category while demand exceeds supply inthe Rs 1 crore and above category.

Over 85 per cent of supply is of apartments. However, there is a 10-11 per cent supply anddemand for plots along the expressways. There is more supply than demand in the 1 and2BHK categories while supply exceeds demand in the 3 and 4BHK categories. This area isin the early stages of development and premium demand is yet to evolve.

BHK wise Analysis



Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY


1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l The demand and supply of over 80 per cent was spread over threebudget ranges – Rs 40-60 lakh, Rs 60-100 lakh and Rs 100 lakh andabove categories. This was matching in the first two categories butshowed a difference of 3 per cent in the last category.

l The supply in the Rs 60-100 lakh category, though matching thedemand, registered an increase of 4 per cent over the previous Jul-Sep 2013 quarter.

l As in the budget range, the demand in the Upto Rs 20 lakh categorywas only 3 per cent while the supply was double at 6 per cent in thecurrent Oct-Dec 2013 quarter.

DEMAND & SUPPLY - Noida-Greater Noida Expressway


l Approximately 85 per cent demand and supply was witnessed in themulti-storey apartment category, with demand registering anincrease of 5 per cent over the previous quarter, whereas the supplywas almost consistent.

l There was negligible demand or supply of 2 per cent for theresidential house and the villa categories in the current Oct-Dec 2013 quarter.

l The demand and supply for residential plots was matching at over 10 per cent, though the supply registered a drop of 5 per cent in thecurrent Oct-Dec 2013 quarter over the previous quarter.

BHK wise Analysis

l The 2BHK category, in the current Oct-Dec 2013 quarter, showed ademand of 40 per cent but the supply was limited at 33 per cent only.This was similar to the trend in the previous quarter.

l The demand in the 3BHK category was 44 per cent while the supplyin the same category was 48 per cent showing a mismatch of 4 per cent.

l Similarly, where the demand in the 4BHK and above category wasonly 9 per cent, the supply was 15 per cent, again as per the trendnoted in the previous Jul-Sep 2013 quarter, but registering amismatch in the current quarter.



Residential house

Residential plot

Villa

Q2 Q3

2122

29

34 35

12 10

31

Q2 Q3

2120

11

31

30

28

34

11

68

Q2 Q3

13

83 85

12

Q2 Q3

16

81 86

11

Q2 Q3

42 40

9

42

7 7

44

9

Q2 Q3

47 48

16

32

15

33

DEMAND SUPPLY


In Old Noida over 71 per cent of supply was met by only 46 per cent demand for units ofRs 100 lakh and above. However, a third of the demand was for units of Rs 60-100 lakh butsupply fell short by about 13 per cent. In the Rs 40-60 lakh category too, supply was shortof the 14 per cent demand.

Though the demand is for apartments but supply mostly is of residential houses. Plots arefew in supply but demand is even less. There is a clear case for redevelopment andallowing of apartment formats in Old Noida.

BHK wise Analysis



Rs <20 lakh

Rs 20-40 lakh

Rs 40-60 lakh

Rs 60-100 lakh


DEMAND SUPPLY

DEMAND SUPPLY


1 BHK

2 BHK

3 BHK

4 BHK & above

DEMAND SUPPLY


94


l In the old established sectors of Noida, maximum demand wasobserved in the Rs 100 lakh and above category, while the supply inthe same was over 70 per cent, dropping by 8 per cent.

l The demand in the budget range of Rs 60-100 lakh was 30 per centwhile the supply was only 17 per cent in the same category, againshowing a marked mismatch, but increasing by 4 per cent whencompared to the previous quarter.

l Similarly, the Rs 40-60 lakh category had a demand of 14 per centwhereas, the supply was a marginal 4 per cent in the current Oct-Dec 2013 quarter.

DEMAND & SUPPLY - Old Noida


l As in the case of budget ranges, mismatch of demand and supplywas also noted in the property types. The demand for multi-storeyapartments was registered at 77 per cent while the supply was only52 per cent, though rising by almost 10 per cent in the current Oct-Dec 2013 quarter.

l The residential house category also noted the same mismatch, withdemand at 13 per cent and a significant supply at 33 per cent.

l The category of residential plots observed a corresponding demandof 8 per cent and supply of 10 per cent, similar to the previous Jul-Sep 2013 quarter.

BHK wise Analysis

l The demand for the 2 and 3BHK configuration was maximum in thisquarter. But, where the demand for 3BHK was 42 per cent the supplyof the same was 37 per cent, though registering an increase of 6 per cent over the previous quarter.

l Similarly, the demand for the 2BHK category was a significant 43 per cent, with the supply limited to 20 per cent, though rising by 4 per cent in the current quarter.

l In the 4BHK and above category, the demand was only 12 per centwhile the supply was a healthy 40 per cent, noting a drop of 10 per cent over the previous quarter.



Residential house

Residential plot

Villa

Q2 Q3

14

34 30

12

44

9 8

46

Q2 Q37179

1317

6

Q2 Q3

1313

77

8 8

77

Q2 Q3

3342

41

11 10

52

6 5

Q2 Q3

4345

41

12

42

9

Q2 Q3

31

40

37

50

1620


50

40

30

20

10

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

above

8

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

7

3229

35 34

1519

10 11

(Jul-Sep 2013)

(Oct-Dec 2013)

Budget wise Analysis - City Level

DEMAND

50

40

30

20

10

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

above

8

Fig

ures

in p

erce

ntag

e(%

)

Figures in Rs lakh

6

3336 37 36

13 129

10

(Jul-Sep 2013)

(Oct-Dec 2013)

SUPPLY

Property wise Analysis - City Level

80

60

40

20

0

73 72

16 17

3 3

8 8

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residentialapartment floor house plot

DEMAND

80

60

40

20

0

53 53

3841

3 16 5

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

Multistorey Single Residential Residentialapartment floor house plot

SUPPLY

BHK Configuration - City Level

60

40

20

0

13 14

52 51

30 29

5 6

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

1 BHK 2 BHK 3 BHK 4BHK &above

DEMAND SUPPLY

60

40

20

0

11 11

46 46

37 37

6 6

(Jul-Sep 2013)

(Oct-Dec 2013)

Fig

ures

in p

erce

ntag

e(%

)

1 BHK 2 BHK 3 BHK 4BHK &above


l The maximum demand of 34 per cent was witnessed in the Rs 40-70 lakh category, with analmost corresponding supply of 36 per cent. The Rs 20-40 lakhcategory also registered a similarsupply while the demand for thesame was only 29 per cent.

l Significant demand of 19 per centwas also witnessed in the Rs 70-100 lakh category where thesupply was only 12 per cent in thecurrent Oct-Dec 2013 quarter.

DEMAND - S UPP LY ANALYS I S - Gha z i a b a dThis is the market where the demand and supply are most in line with each other. Suprisingly, thesegment where there is more supply than demand is the Rs 20-40 lakh catgory where demandhovers around 29 per cent and supply is about 36 per cent.

The other big mismatch is the fact that over 73 per cent of demand was for apartments whilesupply was only 53 per cent and that single floors constituted about 17 per cent of demand butabout 41 per cent of supply. Similarly, demand peaked for 2BHK units at 51 per cent and supply at46 per cent, but supply of 37 per cent in the 3BHK units dominated with demand at 29 per cent inthe current quarter.


l Maximum demand and supply wasobserved in the consolidated multi-storey apartment and the builderfloor categories. But, where thedemand in the multi-storeycategory was 72 per cent the supplywas 53 per cent.

l Where the supply in the builderfloor category was 41 per cent, thedemand was only 17 per cent,noting a mismatch between thetwo. The same trend was seen inthe previous quarter as well.

BHK wise Analysis - City Level

l The maximum demand of over 50 per cent was noted in the 2BHKcategory. The same category alsohad maximum supply of 46 per cent, showing a difference of 5 per cent.

l The demand in the 3BHK categorywas 29 per cent while the supplywas significant at 37 per cent,again displaying a mismatch of 8 per cent. The demand and supplytrends in the city were similar tothose in the previous quarter.


ANNExUrES

NOIDANoida Expressway 4450 to 5450

Sector-21 7000 to 9050

Sector-25 7050 to 8500

Sector-28 8000 to 10400

Sector-29 7550 to 8750

Sector-32 7600 to 8350

Sector-34 7300 to 8500

Sector-37 6750 to 8200

Sector-44 11700 to 14300

Sector-45 5800 to 6450

Sector-46 5100 to 5500

Sector-49 3150 to 3750

Sector-50 7400 to 9000

Sector-52 7200 to 8300

Sector-61 6900 to 8200

Sector-62 5650 to 7250

Sector-70 5150 to 5750

Sector-72 2500 to 3150

Sector-73 3000 to 3600

Sector-74 4650 to 5250

Sector-75 4500 to 5050

Sector-76 4750 to 5200

Sector-77 4950 to 5600

Sector-78 4850 to 5500

Sector-79 4350 to 4950

Sector-82 6000 to 6850

Sector-86 3550 to 4150

Sector-92 7450 to 8650

Sector-93 6700 to 8600

Sector-94 10850 to 12850

Sector-100 5750 to 6850

Sector-104 7500 to 8450

Sector-107 5100 to 6250

Sector-108 5100 to 6050

Sector-110 5450 to 6100

Sector-113 4000 to 4450

Sector-117 4200 to 4850

Sector-118 4450 to 5100

Sector-119 4650 to 5500

Sector-120 4800 to 5600

Sector-121 4800 to 5350

Sector-128 6250 to 8150

Sector-129 4650 to 5100

Sector-131 4800 to 5650

Sector-133 4250 to 4600

Sector-134 4150 to 4750

Sector-135 4300 to 4700

Sector-137 4650 to 5250

Sector-143 4150 to 4700

Sector-150 3900 to 4850

Sector-151 3200 to 3500

Sector-168 4800 to 5300

Taj Expressway 2500 to 3150

GHAZIABADAbhay Khand 5150 to 6450

Ahinsa Khand-1 5550 to 6500

Ankur Vihar 2600 to 3050

Bhopura 2850 to 3450

Crossings Republik 3400 to 3900

Govindpuram 2500 to 3250

Gyan Khand 4250 to 4950

Indirapuram 4750 to 6050

Indraprastha Yojna 2800 to 3150

Kaushambi 5600 to 7150

Lal Kuan 2600 to 3300

Mohan Nagar 4200 to 4950

Neeti Khand 1 4200 to 4950

Niti Khand-Indirapuram 4300 to 5300

Pratap Vihar 3600 to 4250

Raj Nagar Extension 2800 to 3350

Rajendra Nagar 3700 to 4600

Rampuri 5550 to 6600

Sahibabad 3350 to 4250

Shakti Khand 4200 to 5100

Shalimar Garden Extn-1 3500 to 4300

Shalimar Garden Extn-2 3400 to 4250

Surya Nagar 6650 to 9100

Vaishali 4900 to 6150

Vasundhara 4650 to 5650

CAPITAL VALUES – LOCALITY WISE

Average Listed Residential Apartment Prices

Locality Capital Values (Rs/Sq feet)

Locality Capital Values (Rs/Sq feet)

NOIDA-GHAZIABAD

propindex.magicbricks.com VOL3, ISSUE 3; OCT-DEC, FY 2013-14NOIDA-GHAZIABAD 102

VOL3, ISSUE 3; OCT-DEC, FY 2013-14

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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