Residential Trends in India 2016 - HDFC...
Transcript of Residential Trends in India 2016 - HDFC...
Residential Trends in India 2016
India: A Growing Residential Market
Urbanization
Favorable Demographics
Increased Affordability
Increasingly favorable interest rate regime
Next Level of Learning Curve
Policy aimed at Transparency
Would the prices go up?
What does it mean for a homebuyer?
Ready or under construction ?
Where to invest ?
Is it the right time?
Who We Are & What We Do?
A 100% subsidiary of HDFC Limited, we are a Real Estate Advisory Services company.
We provide services in 25+ cities across India
We assist in Buying, Selling and Leasing Properties.
Residential
New Sales
Re-sale
Rentals
Commercial / Retail / Land Transactions / Valuations and Feasibility / Capital Markets
Noida Extn., South Gurgaon, Dwarka Expressway are top 3 supply markets, new supply expected at Noida Expressway
2 & 2.5 BHK preferred typologies in Delhi NCR market followed by 3 & 3.5 BHK
Preferred unit size range is 1,000 to 1,500 sq.ft.
The demand is higher for ready & near-ready inventory
Demand highest in INR 30 – 75 Lacs units followed by units in the range of INR 75 –250 Lacs
Price Trends: Delhi NCR
Location Prevailing Capital Value (INR) (Per sq.ft.) Rental Rates (INR)
Delhi North 1L - 8L sq.yd. 15,000-45,000
Delhi East 1L - 5L sq.yd. 12,000-35,000
Delhi West 2L - 12L sq.yd. 18,000-50,000
Delhi South 5L - 20L sq.yd. 35,000-5,00,000
Gurgaon 5,000 -35,000 25,000-1,00,000
Noida 2,600-15,000 15,000-50,000
Greater Noida 2,400-12,000 10,000-30,000
Ghaziabad 2,400 – 7,500 8,000-25,000
Stellar Jeevan
• Developer: Stellar • Location: Greater Noida • Configuration: 2, 3 & 4 BHK • Starting Price: Rs. 40.56 Lacs Project Highlights
• Ready-to-move-in Apartments • Spread over 18 acres • Modern amenities like Gym, Pool,
etc. • Located next to FNG Expressway at
Sector 1
Navodaya
• Developer: Raheja Developers • Location: Sector 92, Gurgaon • Configuration: 1-4 BHK • Starting Price: Rs. 49.22 Lacs
Project Highlights
• Ready-to-move-in Apartments • Connectivity to NPR, Pataudi
road & NH8. • 17acres development with 80%
open space
Affordable Properties in Delhi NCR
Lavanya
• Developer: Vipul Group • Location: Sector 81, Gurgaon • Configuration: 2, 3 & 4 BHK • Starting Price: Rs. 55.12 Lacs Project Highlights
• Ready-to-move-in Apartments • Spread over 10 acres • Easy connectivity to NH-8 and NPR • Gated community with modern
amenities
Arihant Arden
• Developer: Arihant Developers • Location: Greater Noida West • Configuration: 2, 3 & 4 BHK • Starting Price: Rs. 38 Lacs
Project Highlights
• Ready-to-move-in Apartments
• Spread over acres of lush green landscape
• Quick access to the important destinations
Affordable Properties in Delhi NCR
Affordable Properties in Delhi NCR
Value Homes by Tata (Initial Launch)
• Developer: Tata
• Location: Sector 150, Noida
• Configuration: 2 & 3 BHK
• Starting Price: Rs. 51.70 Lacs
Project Highlights
• Exclusive discount on selected units
• Tata’s first-ever project in Noida
• Value proposition
Growth clusters in Thane, Chembur, Panvel, Ulwe, Dronagiri, Dombivali, Ambernath, Kalyan – MMR moving in Eastern and Southern Direction.
1.5 & 2 BHK are the preferred typologies in Mumbai market
Highest number of launches in 2016 was in 1.5 & 2 BHK. (Inventory in affordable segment is rising)
Demand highest for units between 500 - 1000 sq.ft. followed by 1000 – 1500 sq.ft. units
54% of the total absorption was seen in properties within 500 - 1,000 sq.ft.
Price Trends: Mumbai-MMR
Location Prevailing Cap Val. Rates (INR) (Per sq.ft.) Rental Rates(INR)
South Mumbai 45,000-80,000 2L - 7L
South Central Mumbai 20,000- 50,000 48,000-3L
Western Suburbs 12,000-45,000 25,000-1.5L
Eastern Suburbs 9,000-16,000 25,000-60,000
Thane & Periphery 7,500 -14,000 20,000-40,000
Navi Mumbai 8,500-14,000 15,000-30,000
Extended Western Suburbs 3,500-6,000 10,000-20,000
Kalyan & Dombivili 3,500-6,500 5,000-12,000
Wadala 13,000- 20,000 25,000-75,000
Affordable Properties in & around Mumbai
Godrej Emerald
• Developer: Godrej Properties • Location: G.B. Road, Thane • Configuration: 1.5-3 BHK • Starting Price: Rs. 65 Lacs Project Highlights
• Panoramic views of Yeoor hills and
central greens from each residence • 5 acres of green vehicle-free
amenity space • Many recreation and rejuvenation
amenities. Approval in process
Fortuna
• Developer: Gurukrupa Developers • Location: Malad West, Mumbai • Configuration: 1, 2 & 3 BHK • Starting Price: Rs. 75 Lacs Project Highlights
• Strategically located near-ready
apartments • More than 45+ amenities in 10
amenity zone • Proximity to proposed coastal
road & metro station
Ekta Parksville
• Developer: Ekta World
• Location: Virar
• Configuration: 1 & 2 BHK
• Starting Price: Rs. 24.50 Lacs
Project Highlights
• 15-Storey project with spectacular view
• Facilities like Swimming Pool, Amphitheatre, Podium Parking, etc.
• Ready & Near-ready apartments
Raunak Heights
• Developer: Raunak Group • Location: G.B. Road, Thane • Configuration: 1 BHK • Starting Price: Rs. 46 Lacs
Project Highlights • Set amidst developed social
infrastructure • Landscaped Garden • Children's Play area • Views of the Yeoor Hills
Affordable Properties in & around Mumbai
Panchnand Heights
• Developer: Panchnand Enterprises • Location: Sec 9, Taloja • Configuration: 1 & 2 BHK • Starting Price: Rs. 32.25 Lacs Project Highlights
• 5 min. walking distance from Taloja
railway station • 15 min. drive from approved Navi
Mumbai international airport • Located off old Mumbai-Pune road
(NH4) • Close to proposed metro station
Taloja
Affordable Properties in & around Mumbai
City expanding horizontally in all directions.
Developments on East (Viman Nagar, Nagar Road) and West (Hinjewadi, Pirangut Road, Bombay Pune Expressway) side.
Townships/Larger complexes with amenities.
IT Industry along with Manufacturing, Auto and Service sector driving the demand.
Proximity to Mumbai, Weather conditions, Educational Hub – Preferred choice of investors.
Price Trends: Pune
Location Prevailing Cap Val. Rates (INR) (Per sq.ft.) Rental Rates (INR)
City Centre 15,000-17,000 25,000-35,000
Pune West 5,000-9,000 12,000-30,000
Pune East 3,500-7,000 12,000-25,000
Pune North 3,500-7,000 8,000-15,000
Pune South 3,500-8,000 10,000-20,000
Kothrud 7,500-10,000 10,000-15,000
Kondwa 4,500-6,500 8,000-10,000
Undri 4,000-4,500 8,000-10,000
Riverdale Heights
• Developer: Duville Estate • Location: Kharadi, Pune • Configuration: 1 & 2 BHK • Starting Price: Rs. 48 Lacs Project Highlights
• Proximity to IT hub of Pune • Located on the banks of river Mula-
Mutha • Spread across 31 acres of land • Modern amenities and facilities
Plumeria Drive
• Developer: Bhandari Associates & Namrata Group
• Location: Tathawade, Pune
• Configuration: 2 BHK
• Starting Price: Rs. 70 Lacs
Project Highlights
• High-rise Towers
• Premium living in affordable rates
• in Vicinity of IT Parks
Affordable Properties in & around Pune
The Lofts
• Developer: Paranjape Developers • Location: Hinjewadi, Pune • Configuration: 1 BHK • Starting Price: Rs. 45 Lacs Project Highlights
• Project based on walk-to-work
concept • Integrated township of residential
& commercial spaces • Amenities like Boat club, Butterfly
Garden, Golf Course, etc.
Twin Arcs
• Developer: Legacy LifeSpaces • Location: Wakad, Pune • Configuration: 1, 2 & 2.5 BHK • Starting Price: Rs. 40 Lacs
Project Highlights • Open decks, Mini amphitheater,
Club house • Located near Mumbai-Pune Express
Highway • Proximity to Hinjewadi
Affordable Properties in & around Pune
Urban Nest
• Developer: VTP Group
• Location: Undri, Pune
• Configuration: 1 & 2 BHK
• Starting Price: Rs. 45 Lacs
Project Highlights
• Located near Magarpatta city
• Featuring modern amenities and premium specifications
Affordable Properties in & around Pune
Demand highest in always high INR 30- 60 Lacs category .
City projects and city resale projects are doing very good at INR 75 Lacs to 5 cr .
Independent houses from INR 50 Lacs to 4 cr have good demand.
2 BHK and 2.5 BHK are mostly preferred in Chennai market at budget of INR 40 Lacs to 50 Lacs and 3 and 3.5 BHK are preferred at INR 50 Lacs to 80 Lacs
Demand for gated community villas and 3, 4 & 5 BHK apartments in a range of INR 50 Lacs to 1.5 cr .
OMR and Porur are slowly picking up for budget of INR 40 to 60 Lacs
Price Trends: Chennai
Location Prevailing Cap Val. Rates (INR) (Per sq.ft.) Rental Rates (INR)
City Centre 12,000-25,000 25,000-1.5L
South Chennai 5,500-18,000 15,000-60,000
North Chennai 3,500-6,500 10,000-20,000
West Chennai 3,000-4,500 8,000-20,000
GST Road 3,000-4,000 10,000-25,000
OMR Road 3,500-7,000 15,000-40,000
Oragadam 2800-3600 8000-10000
Tierra
• Developer: Hiranandani • Location: Thriveni Nagar • Configuration: 1200-3000 sq.ft.
Villa Plots • Starting Price: Rs. 26 Lacs
Project Highlights
• 400-acre integrated township
• DTCP Approved
• Modern civic infrastructure
Titanium City
• Developer: TVH • Location: Mannivakkam • Configuration: 600 to 2400 Sq.ft.
Villa Plots • Starting Price: Rs. 15 Lacs Project Highlights • CMDA Approved Plots • 100-acre Township • Future Phases - Villas, Row Houses,
Apartments & Commercial Development
Affordable Properties in Chennai
Auracity
• Developer: BBCL
• Location: East Tambaram
• Property types: Villas, Plots & Apartments
Project Highlights
• CMDA Approved Satellite Township
• Spread over 52 acres
• Secure, integrated township with modern amenities and features
Earth
• Developer: Akshaya
• Location: Thiruporur - OMR
• Configuration: 600 - 3000 sq.ft. Villa Plots
• Starting Price: Rs. 7 Lacs
Project Highlights
• Quiet environment surrounded by greenery and open spaces
• Gated community with clear title
• Reserved space for school, health care and clubhouse
Affordable Properties in Chennai
AVM Asta
• Developer: AVM • Location: AVM Studios, Chennai • Configuration: 2 & 3 BHK • Starting Price: Rs. 60 Lacs Project Highlights • Spread across 6.54 acres • Schools, Medical facilities, Malls
and Metro railway stations in vicinity
• Prime location and state-of-the-art amenities
Affordable Properties in Chennai
2 & 2.5 BHK are the preferred typologies in Bangalore market followed by 3 & 3.5 BHK
Demand highest for units between 1000 sq.ft. to 1500 sq.ft. followed by units in 1500 -2000 sq.ft. range along with over 2000 sq.ft. units
Sarjapur Road, Whitefield, OMR, Hebbal, Kanakapura Road are top supply markets
Recent demand is for villas & premium residences
Price Trends: Bangalore
Location Prevailing Cap Val. Rates (INR) (Per sq.ft.) Rental Rates (INR)
City Centre 12,000-30,000 50,000-300,000
South Bangalore 3,500-12,000 15,000-60,000
West Bangalore 4,500-11,000 18,000-70,000
North Bangalore 3500-11000 12,000-50,000
East Bangalore 4000-7000 20,000-200,000
Whitefield 4200-9000 20,000-200,000
Electronic City 3500 – 5500 15,000-50,000
Devanhalli 3500-5000 40,000-100,000
NICE Corridor 3500-5000 15,000-30,000
Buena vista
• Developer: Brigade
• Location: Off old Madras Road
• Configuration: 1, 2, 2.5 and 3 BHK
• Starting Price: Rs. 29. 64 Lacs
Project Highlights
• Just 2 km from Budigere Cross
• Spread over 7 acres with 80% open area
• Features wide range of amenities
Provident Sunworth
• Developer: Provident Developers
• Location: Off Mysore Road
• Configuration: 2 & 3 BHK
• Starting Price: Rs. 37.88 Lacs
Project Highlights
• Set amidst 59 acres of lush green
• Well connected to Electronic City, Bannerghatta Rd. & Tumkur Rd.
• Educational and healthcare facilities in vicinity
Affordable Properties in Bangalore
VBHC Palmheaven
• Developer: VBHC
• Location: Off Mysore Rd, NICE Jn.
• Configuration: 1 & 2 BHK
• Starting Price: Rs. 15. 77 Lacs
Project Highlights
• BDA Approved residential township
• Modern sports amenities
• Proximity to corporate & educational hubs
Brigade Meadows
• Developer: Brigade Group
• Location: Kanakapura Road
• Configuration: 2 BHK
• Starting Price: Rs. 38 Lacs
Project Highlights
• 60-acre integrated township
• Short commutes to Electronic city & Bannerghatta Road
• Next to art of living ashram
Affordable Properties in Bangalore
Raaga
• Developer: Kolte Patil
• Location: Kannur Road, off Hennur Main Road
• Configuration: 2 & 3 BHK
• Starting Price: 46.8 Lacs
Project Highlights
• Healthcare and educational facilities in close vicinity
• Close to International Airport & IT Park
Affordable Properties in Bangalore
No Prior Permission Required & Property Transactions are governed by FEMA
NRIs / PIOs can own both Residential and Commercial Property
No Restrictions on the number of properties
Cannot own agricultural /farm land/plantation property unless gifted/inherited
Transaction in INR using NRE/ NRO account
Funding options :
Loans from India or Overseas
Funds lying in or remitted into NRO/NRE account in India
Property ownership for NRIs: Overview
Check Title Deed of Property (esp. if Inherited or Jointly held)
Take Bank Release if it was held under Mortgage.
No Dues Certificate from Seller: water, elec., pending bills all paid out
New Constructions – Clear Land Titles, all Approvals and Permits for
construction from Civic Authorities.
In case of PoA for Developer – Ensure Review by trusted legal counsel
Check Payment Terms & Conditions – Construction Linked (CLP) or
Payment Linked (PLP).
Documentation and Checks
NRI can sell residential or commercial property in India to:
- A person resident in India (the definition of resident in this case
will be as per FEMA)
- An NRI
- A Person of Indian Origin (PIO)
Any ‘agricultural ‘ property has to be sold to a Resident Indian only.
However, no such restriction on gifting or succession.
Sale of Property in India
Repatriation Options: Sale proceeds deposited into an NRE account
is freely repatriable. However, proceeds deposited in an NRO are
repatriable up to $1million in one FY.
PoA - have your PoA as a resident Indian who can process
registration, possession, execution of agreement of sale.
Sale of Property in India (Cntd.)
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