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



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



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


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


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


Urban Nest

• Developer: VTP Group

• Location: Undri, Pune



Project Highlights

• Located near Magarpatta city

• Featuring modern amenities and premium specifications


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


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


Project Highlights

• Quiet environment surrounded by greenery and open spaces

• Gated community with clear title

• Reserved space for school, health care and clubhouse


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


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


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



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.


• 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


Project Highlights

• 60-acre integrated township

• Short commutes to Electronic city & Bannerghatta Road

• Next to art of living ashram


Raaga

• Developer: Kolte Patil

• Location: Kannur Road, off Hennur Main Road


• Starting Price: 46.8 Lacs

Project Highlights

• Healthcare and educational facilities in close vicinity

• Close to International Airport & IT Park


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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HDFC Realty Limited (HRL) has reproduced the information contained in

this document from various sources. Please note, the material available in

this document is general information only and is subject to change. The

information in the document should not be relied on as a substitute for

legal, financial, real-estate or other expert advice. No representation or

warranties of any nature are given, intended or implied. You should rely on

your own investigation, including the merits and risks involved. HRL

disclaims all liability, responsibility and negligence for direct and indirect

loss or damage suffered by any person arising from the use of information

presented in this document..

DISCLAIMER

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