18
HYDERABAD
HYDERABAD
PropIndex has completed three years now. Over this period, we’ve accumulated a wealthof data/analytics on price/locality trends and market performance. As the Indianproperty buyer gets more focused on returns from investment, we hope the dataprovided here, helps you in making informed property decisions. Use d in tandem withthe host of advisory services available online at advice.magicbricks.com, the effort is tomake this a one-stop shop for all your property queries, requirements and information.
The year 2014 started with anticipation among real estate stakeholders concerning the16th general elections in the country. These Lok Sabha elections have kept the IndianReal Estate Market in the wait and watch mode. This is reflected in the NationalProperty Index with a mere 1 per cent change in the Jan-Mar 2014 quarter. City indexvalues too remained intact and ranged between minus 1 to plus 3 per cent.
The formation of new government is expected to infuse fresh life into the real estatemarket and improve home buyers sentiments. In the current quarter, property marketsremained sluggish. However, robust demand from end-users arrested any significantchange in property values. We have observed few finds from the current report:
Key Findings
lAcross the country, capital markets have remained passive while rental markets haveflourished.
lDemand patterns across cities remained more or less in line with the previous quarterwith the mid-budget range of Rs 30-50 lakh remained the most preferred category,especially in Bangalore and Pune. However high end properties remained more indemand in Gurgaon and Mumbai.
lPremium luxury properties remained oversupplied across cities despite a robustdemand of over 20%.
lMumbai topped the chart with maximum demand for properties worth Rs 1 crore andabove, followed by Delhi and Gurgaon.
lSlower demand for property forced sellers to negotiate between 5-15 per cent on theasking values.
In this issue we have incorporated Greater Noida as an independent city which hasrecorded growing demand for residential properties, offering huge options in theaffordable ranges.
Do write in at [email protected] and share your views on this report and howwe could make PropIndex even better.
FOREWORD
Sudhir PaiBusiness Head, Magicbricks.com
NATIONAL PROPERTY INDEX (NPI)
VOL 3, ISSUE 4; JAN-MAR, FY 2013-14 propindex.magicbricks.com
JAN-MAR 2014
With buyer sentiments down across the country and everyone awaitingthe general elections, the common consensus is against buying property.This has resulted in people opting for rental accommodation as opposed tobuying their own home. This is the prime reason that held the growth ofthe National Property Index (NPI). It rose by 1 per cent in the Jan-Mar 2014 quarter. NPI is a weighted average of supply and valuesacross 11 cities in India. During the Jan-Mar 2014 quarter the city indexvalue was found to be in the range of minus 1 to plus 3 per cent.
Due to the resolving of theTelangana issue, the capital values inalmost 70 per cent of the localities inHyderabad witnessed a rise of 1-5 per cent. This, combined withincreased supply, pushed up the CityIndex by 3 per cent during the Jan-Mar 2014 quarter. The rise incapital values also pushed up theListed Price Monitor by 3 per cent.
n Capital markets across citieswere stable while rentalmarkets were active withconsiderable demand and risein values
n The preferred localities indifferent cities remainedunchanged since the Oct-Dec 2013 quarter
n Consumer demand slowly andsteadily moved towards themid-segment category. Demandinched up in the luxurycategory which remainedoversupplied.
JAN-MAR 2014
TOP YIELD GROSSERS
Gross yield is a ratio of average annualrental value to the average capital value ofthe property in the current quarter. Belowis the top yield-grossing locality in the city.
Locality Gross yield
Hyderabad, Manikonda 4.85%
CAPITAL GAINS
It indicates the locality recorded maximumincrease in the capital value in the currentquarter.
Locality % Change
Hyderabad,Padamrao Nagar 5.30%
PROPINDEX - HYDERABADDespite all the commotion around theTelengana issue the Hyderabadresidential property market witnessedminor change in values. TheHyderabad City Index rose marginallyduring the Jan-Mar 2014 quarter andthe Price Monitor rose by 3 per cent.
Almost 60 per cent of the localitieswitnessed marginal change indemand in Hyderabad, heralding abuyers’ market.
Areas located primarily in coreHyderabad reported sharp change inproperty values, while several othersmarked as upcoming by the industryplayers have recorded a slight changein the Jan-Mar 2014 quarter. Thisresulted in the City Index risingmarginally.
Places like Nizampet and Miyapur,located close to the IT/ITeS industrywitnessed a drop in property values.Proximity to the congested ORR is oneof the reasons for this trend.
A closer look at the Hyderabad marketrevealed some interesting trends. Forinstance, the supply and demand wereevenly balanced in the Rs 40-60 lakh,Rs 60-100 lakh and in the Upto Rs 20lakh categories. However, the citywitnessed a maximum demand(40%) for houses in the Rs 20-40lakh category while the supply stoodat a mere 26 per cent.
As expected, supply in the Rs 1 crore and Above segment wasmuch higher than the demand.
The demand for multi-storeyapartments was the maximum in thecity at 56 per cent, almost wellmatched with a supply of 52 per cent.
Except for localities like Madinaguda,Srinagar Colony and a few otherplaces which recorded a drop in rentalvalues almost all the localities trackedrecorded a significant increase.
A more in-depth analysis throws upsome interesting figures. While 60 per cent of the total localitiestracked witnessed only a marginal risein rental values, a few like Hitech City,Gachibowli, KPHB Colony andMadhapur reported significant increase in values in the Jan-Mar 2014 quarter.
Going forward, the upcoming 2014elections are expected to bring politicalstability and thereby, a boost to thereal estate market.
The City Index of Hyderabad rose by 3 per cent in the Jan-Mar2014 quarter, as compared to Oct-Dec 2013 quarter. The PriceMonitor also rose by 3 per cent. With upcoming localities in theoutskirts reporting a marginal change, the NPI for the city sawa rise of 1 per cent.
l With the bulk of propertieswitnessing a minor change invalues, the Hyderabad CityIndex rose marginally duringthe Jan-Mar 2014 quarter
l Over 60 per cent of localitieswitnessed marginal change indemand in Hyderabad,heralding a buyers’ market
l While localities in coreHyderabad showed sharpchange in prices, several otherspreviously marked as upcoming,recorded a slight change. Thisresulted in the City Index risingonly marginally
l Localities like Gachibowli, thefinancial district of Hyderabad,recorded a marginal rise inproperty values
l Places like Nizampet andMiyapur, despite the presence ofthe IT/ITeS industry andproximity to Gachibowli,witnessed a drop in propertyvalues. Proximity to thecongested ORR is the reason forthis trend in this quarter
l The under-construction metro torun across various zones, has
left its impact on the capitalvalues. Sainikpuri, Begumpetand Madhapur have recordedincreased capital values in thecurrent quarter
l With continued ongoingTelegana agitation and theimpending elections, prices inHyderabad have not grownsignificantly. This has resultedin consumers viewing it as abuyers’ market
l The buyer demand shifted from2BHK to 3BHK units. Maximumproperties delivered were inthe 3BHK segment, within thebudget range of Rs 70-80 lakhand above
l In the super luxury segment ofRs 1 crore and Above, marketofferings included villas andindependent high-end homeslocated in areas in and aroundJubilee Hills, Banjara Hills,Madhapur and Gachibowli
l With several developers focusingon the luxury segment, themarket witnessed an oversupply.The prices of these offeringsranged from Rs 2-3 crore to Rs 4-6 crore
Key Takeaways
E d i t o r i a l
propindex.magicbricks.com VOL3, ISSUE 4; JAN-MAR, FY 2013-1402HYDERABAD
l Approximately 60 per cent micromarkets inHyderabad have reported marginal change in prices
l Areas such as Jubilee Hills, Kompally and Attapurregistered no change in the previous quarter
l Areas like Kondapur, Gachibowli, Miyapur and Uppal reported a marginal change in the Jan-Mar 2014 over the Oct-Dec 2013 quarter
l Places like Nizampet and Hitech City, due to thepresence of IT/ITeS industry and proximity toGachibowli, witnessed a marked increase in propertyvalues. This is a notable change as compared to theprevious two quarters (Jul-Sep 2013 and Oct-Dec 2013)when the values continued to remain constant
L I S T ED PR I CE MON I TOR
Locality Average Rental Average Capital Gross
Value (Rs/sqft/mth) Value (Rs/sqft) Yield
Jubilee Hills 14.00 6,475.00 2.59%
Kondapur 12.75 3,625.00 4.22%
Miyapur 9.25 3,075.00 3.61%
Kukatpally 10.75 3,475.00 3.71%
Banjara Hills 16.00 7,025.00 2.73%
Hitech City 14.25 4,350.00 3.93%
KPHB Colony 11.75 3,825.00 3.69%
Madinaguda 9.75 3,050.00 3.84%
Manikonda 10.50 2,600.00 4.85%
Gachibowli 15.00 4,000.00 4.50%
Y I E L D M E T E R
l The yield meter ranged from 2.59-4.85 per cent inthe Jan-Mar 2014 quarter, a marginal change ascompared to the 2.61-4.48 per cent recorded in theOct-Dec 2013 quarter.
l Manikonda topped the list with 4.85 per cent, asthe highest gross yielder in the Jan-Mar 2014quarter in comparison to the previous quarter
l Jubilee Hills continued to hold its position at thebottom of the list in the Jan-Mar 2014 quarter,reporting a gross yield of 2.59 per cent primarilydue to a marginal rise in rental values
l KPHB Colony, Kukatpally and Miyapur reported amoderate yield primarily because it witnessed amoderate rise in property values for the quarter
RENT MON I TOR
l Except for Madinaguda, Srinagar Colony and a fewother places which recorded a drop in rental valuesalmost all localities tracked recorded an increase
l Approximately 60 per cent of the total localitiestracked witnessed only a marginal rise in rentalvalues. A few like Hitech City, Gachibowli, KPHBColony and Madhapur reported significant increasein values in the Jan-Mar 2014 quarter
l Places like Kondapur and Miyapur with proximityto IT hubs and Somajiguda, despite its proximity tocity centres, registered only a marginal increase
l High-end residential areas such as Banjara Hills andcertain parts of Madhapur witnessed maximum risein rental values
3%
propindex.magicbricks.comVOL3, ISSUE 4; JAN-MAR, FY 2013-1403 HYDERABAD
RENT
Locality Rental RankValues Q4 Q3
Gachibowli 13500 to 17500 1 1
Madhapur 12000 to 16000 2 3
kondapur 11500 to 15000 3 2
Kukatpally 9500 to 13000 4 7
Miyapur 8500 to 10500 5 5
KPHB Colony 10500 to 14000 6 4
Manikonda 9500 to 12500 7 10
Hitech City 13000 to 16500 8 8
Banjara Hills 14500 to 18500 9 6
Ameerpet 10000 to 13000 10 9
Note: Q4 Jan-Mar 2014, Q3 Oct-Dec 2013
Locality Capital RankValues Q4 Q3
Gachibowli 3600 to 4700 1 1
Kondapur 3350 to 4150 2 2
Miyapur 2850 to 3500 3 3
Manikonda 2400 to 2950 4 4
Kukatpally 3200 to 3950 5 5
Chanda Nagar 2950 to 3550 6 8
Hitech City 4000 to 4950 7 7
KPHB Colony 3450 to 4500 8 10
Banjara Hills 6250 to 8400 9 9
Madhapur 4300 to 5500 10 -
SALE
Note: Q4 Jan-Mar 2014, Q3 Oct-Dec 2013
PREFERRED LOCALITIES
l Good connectivity and proximity to the IT hubs andfinancial centres ensured that Gachibowli, Miyapurand Kondapur continue to top the list of the mostpreferred localities in the last nine months
l Kukatpally was one of the preferred destinations.Continued expectation of completion of severalprojects and handing over of others in the Jan-Mar 2014 quarter ensured it continued at thefifth position in the top ten ratings
l Banjara Hills managed to hold its ninth position inthe list, primarily because of its established name ascompared to other upcoming areas around thelocality in the current quarter
l KPHB Colony managed to climb back to the top tenlist of the preferred localities in the current Jan-Mar 2014 quarter, after having fallen to thebottom of the list
l Madhapur is the new entrant to the top ten list dueto its rise in property values in the current, Jan-Mar 2014 quarter
l Gachibowli with several financial offices in andaround the area retained its top slot as the preferredlocality for rental housing
l Madhapur, climbed up one slot displacing Kondapur,to capture the second spot in the Jan-Mar 2014quarter from the third position it held in theprevious quarter. The offered properties were withina range of Rs 11,500-14,000 per month
l The drop in Banjara Hills’ popularity as a preferredrental destination is largely attributed to itmaintaining its high rental values
l Miyapur and KPHB Colony remained moderatelypopular rental destinations because of theirlocation. However, higher rental values and smallerinteriors kept them from reaching the top of thehomebuyers’ list
l Manikonda climbed up to hold the seventh positionin the top ten list of preferred rental localities in theJan-Mar 2014 quarter after having reached thebottom of the list in the Oct-Dec 2014 quarter
Above 50% 15-20% 10-15% 5-10% Less than 5%*Percentage of total supply
Growth Number of Localities with Most ActiveCorridor Projects Maximum Property
Residential Projects Typology*
West 67 Gachibowli, Kondapur, 73% ApartmentManikonda, Miyapur, Mokila, Chanda Nagar
North 14 Kompally, Hyder Nagar, 50% Apartment Bowenpally, Saket 39% Independent
House"
South 12 Shamshabad, Rajendra Nagar, 49% Apartment Kothur, Shad Nagar 27% Residential
Plot"
propindex.magicbricks.com VOL3, ISSUE 4; JAN-MAR, FY 2013-1404HYDERABAD
The end to the six-decade-long roar on the state of Telangana has brought aboutpositive sentiments in the real estate market of Hyderabad. Also, GreaterHyderabad Municipal Corporation deciding to pay the compensation to propertyowners losing their land for ongoing projects has brought some cheer.
Hyderabad realty to benefit post TelanganaHyderabad is the most affordable residential market out of the country’s top seven citiesof Delhi NCR, Mumbai, Bengaluru, Chennai, Pune and Kolkata. Considering the recentdecision on the formation of a separate state Telangana, the prevailing uncertaintieswill fade away. Clarity on this issue is expected to boost the absorption by the end of theyear or early 2015, according to a recent survey by Knight Frank India research.
n Magicbricks.com Bureau
Property owners in Hyderabad to get a raw dealProperty owners losing their land for ongoing projects, including Tolichowki Flyover,are set to get a raw deal with regards to compensation with the Greater HyderabadMunicipal Corporation (GHMC) deciding to give payout as per the old Land AcquisitionAct. If the compensation is paid as per the old Act, the affected property owners mighthave to lose 100 per cent solatium on the compensation amount and would get only 30 per cent on it.
n The Times of India, Hyderabad
R E A L T Y N E W S
To read full story and more news go to www.content.magicbricks.com
With the settlement of the Telangan issue themarket is upbeat. Customers are willing toclose deals for the under-constructionprojects launched a couple of years ago.Several new projects have been announced inthe last six months. Currently, there is nooversupply or under supply and customersare waiting for the elections to get over. Forinvestors and first time buyers it is the righttime to buy before the prices increase.
Nagender RaoDirectorEmpire Meadows Pvt Ltd
E X P E R T S P E A KDeveloper
Hyderabad has state-of-the-art infrastructureand is the most developed city. It willcontinue to retain its relevance and pre-eminence. Over the next six to ninemonths, the overall business sentiments arelikely to remain stable. Investors may find thisperiod favourable as property valuations arelow and there is potential to capitalize. Thisperiod offers the best deals for genuinebuyers in the property market.
Sandip PatnaikManaging Director Hyderabad, JLL India
Consultant
Ravi VarmaCOO, Perfect Pincode
Q&A
How will the elections impact andchange the dynamics of the city?
Stable government will help in gradualincrease in priceS. Unstable or alliancebetween parties can help sustain prices.New government policy will be critical aslots will depend on jobs created and willboost economic growth.
Which localities are you active in?
Hyderabad, Vizag.
Which of these localities see maximumpossessions this year?
Madhapur, Kondapur, Nalagandla, Appajunction, Miyapur, Uppal
Who is delivering?
What is the buyers profile?
Are you getting enquiries from buyers?
How many are getting converted toactual transactions?
1 out of 15 are walk-ins
Which BHK segment is popular?
Which budget category is popular?
What type of property is in demand?
Any infrastructure project expected toimpact the real estate market in 2014?
ActiveProfession:All
No queriesNot veryfrequent
< Rs 25 lakh
Rs 50-75 lakh
Builder floor unitsApartment
Roads/flyover
Active agegroup: 35-60
NRI/locals:NRI
Regular
1 BHK 2 BHK 3 BHK 4 BHK &above
Rs 75-1crore
Above1 crore
Plots Villas
Metro Socialinfrastructure
Civicamenities
Established New developers Bothdevelopers
Rs 25-50 lakh
propindex.magicbricks.comVOL3, ISSUE 4; JAN-MAR, FY 2013-1405 HYDERABAD
Budget wise Analysis
l The Rs 20-40 lakh categoryregistered a mismatch in thedemand (40%) and supply (26%) inthe Jan–Mar 2014 quarter. The Rs 1 crore and above categorywitnessed 10 per cent demandagainst a 23 per cent supply
l The Upto Rs 20 lakh and the Rs 60-100 lakh categories witnessedalmost matching supply anddemand. The Rs 40-60 lakhcategorywitnessed a demand of 24 per centwith a supply of 20 per cent
DEMAND - S UPP LY ANALYS I SThe Hyderabad market posted maximum demand (40%) for houses of Rs 20-40 lakh each butsupply was a mere 26 per cent. On the other hand, supply in the Rs 1 crore and Above was muchhigher than the demand. Supply and demand were evenly balanced in the Rs 40-60 lakh, Rs 60-100lakh and Upto Rs 20 lakh categories.
Multi-storey apartments constituted 56 per cent of demand with matching supply. Demand forresidential houses outstripped supply while the opposite was true of residential plots. Units of2BHK witnessed maximum demand of 52 per cent, but supply fell short, coming up to only 36 per cent. In the 3BHK and 4BHK and Above categories, supply far outstripped demand.
Property wise Analysis
l The residential houses categorywitnessed a demand of 20 per cent,which was under-served by asupply of 12 per cent. The demandfor residential plots, on the otherhand, was 14 per cent, against asupply of 21 per cent
l Villas and builder floor apartmentswitnessed almost matching supplyand demand. The demand formulti-storey apartments was themaximum at 56 per cent, matchedby a supply of 52 per cent
BHK wise Analysis - City Level
l The maximum demand wasrecorded for the 2BHK category at 52 per cent, but this was notmatched by supply at 36 per cent.The demand for the 3BHK categorywas at 39 per cent, while the supplywas a robust 45 per cent
l The 4BHK and Above category alsodisplayed a mismatch with thesupply at a healthy 18 per cent butthe demand was marginal at only 6 per cent during the current, Jan-Mar 2014 quarter
60
50
40
30
20
10
0<20 20-40 40-60 60-100 100 &
above
14
Fig
ures
in p
erce
ntag
e(%
)
Figures in Rs lakh
10
43 40
21 24
13 16
9 10
Budget wise Analysis - City Level
DEMAND
60
50
40
30
20
10
0<20 20-40 40-60 60-100 100 &
above
12
Fig
ures
in p
erce
ntag
e(%
)
Figures in Rs lakh
12
2926
21 20 20 19 18
23
SUPPLY
(Oct-Dec 2013)
(Jan-Mar 2014)
(Oct-Dec 2013)
(Jan-Mar 2014)
Property wise Analysis - City Level
80
60
40
20
0
5856
13
1820
16 14
Fig
ures
in p
erce
ntag
e(%
)
Multistorey Single Residential Residential Villaapartment floor house plot
DEMAND
7 7
80
60
40
20
0
62
52
3 511 12
16
21
Fig
ures
in p
erce
ntag
e(%
)
Multistorey Single Residential Residential Villaapartment floor house plot
SUPPLY
8 10
(Oct-Dec 2013)
(Jan-Mar 2014)
(Oct-Dec 2013)
(Jan-Mar 2014)
BHK Configuration - City Level
60
50
40
30
20
10
0
3 3
54 52
39 39
4 6
Fig
ures
in p
erce
ntag
e(%
)
1BHK 2BHK 3BHK 4BHK &above
DEMAND SUPPLY
60
50
40
30
20
10
01 1
38 36
44 45
17 18
Fig
ures
in p
erce
ntag
e(%
)
1BHK 2BHK 3BHK 4BHK &above
(Oct-Dec 2013)
(Jan-Mar 2014)
(Oct-Dec 2013)
(Jan-Mar 2014)
propindex.magicbricks.com VOL3, ISSUE 4; JAN-MAR, FY 2013-1406HYDERABAD
BHK wise Analysis
Budget wise Analysis
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
Budget wise Analysis
l A match in the demand and supply could be observed across thecategories: Upto Rs 20 lakh, Rs 40-60 lakh and Rs 60-100 lakh. Thedemand and supply for the Upto Rs 20 lakh and Rs 60-100 lakhcategories was in the range of 15-18 per cent. The demand andsupply for the Rs 40-60 lakh category was approximately 20 per cent
l The demand was more in the Rs 20-40 lakh category at 38 per cent.Supply in this category was low at 26 per cent during the Jan-Mar 2014 quarter
l The Rs 1 crore and Above category was over-supplied at 19 per cent,against a demand of 10 per cent
DEMAND SUPPLY
DEMAND & SUPPLY - South Hyderabad
In South Hyderabad 38 per cent demand was for the Rs 20-40 lakh units but supply laggedat 26 per cent. In the Upto Rs 20 lakh range demand was lower but supply higher at 18 per cent. The Rs 1 crore and Above was oversupplied by more than 100 per cent, whilethe Rs 60-100 lakh and Rs 40-60 lakh categories were well-matched in demand and supply.
There were more residential plots supplied at 35 per cent than in demand at 24 per cent.Multi-storey apartments were more in demand at 41 per cent than in supply at 36 per cent.Similarly, the demand for residential houses outstripped supply.
Property wise Analysis
l The maximum demand of 41 per cent was witnessed for the multi-storey apartment category against a supply of 36 per cent, a 5 per cent drop in the Jan-Mar 2014 quarter as compared to theprevious quarter
l The demand in the residential plot category was 24 per cent,whereas the supply was a robust 35 per cent. Conversely, thedemand for residential houses was 24 per cent with a supply of 14 per cent
l Supply and demand for villas and builder floor apartments wasmatched in the Jan–Mar 2014 quarter. The demand for builder floorapartments was 1 per cent, matched by a 2 per cent supply
BHK wise Analysis
l Though the maximum demand and supply was in the 2BHKcategory, there was a mismatch. Where the demand was a robust 54 per cent, the supply was substantial but limited to 42 per cent
l A converse mismatch was evident in the 4BHK and Above category.The demand was at 10 per cent, whereas the supply in the same was27 per cent in the Jan–Mar 2014 quarter
l The 1BHK and the 3BHK categories were almost well-matched insupply and demand. The demand and supply for 3BHK unitsapproximated to 30 per cent. The demand for the 1BHK units was 3 per cent, served by a supply of 1 per cent
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
1 BHK
2 BHK
3 BHK
4 BHK & above
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
Multistorey apartment
Single floor
Residential house
Residential plot
Villa
DEMAND SUPPLY
Property wise Analysis
Q3 Q4
42
38
15
21
20
19
1316
6
Q3 Q4
25
26
20
17
18
10
17
30
18
19
Q3 Q4
41
24
24
40
22
28
9 10
Q3 Q4
35
41
12
32
14 13
Q3 Q4
5456
33347
Q3 Q4
42
27
46
30
2726
36
10
14
10
propindex.magicbricks.comVOL3, ISSUE 4; JAN-MAR, FY 2013-1407 HYDERABAD
BHK wise Analysis
Budget wise Analysis
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
Budget wise Analysis
l The maximum demand was in the Rs 20-40 lakh category at 44 per cent. The supply was 41 per cent, increasing by 5 per cent inthe quarter Jan–Mar 2014 over the previous quarter
l This was followed by the Upto Rs 20 lakh category where thedemand was 16 per cent, marginally less than supply at 20 per centin the Jan–Mar 2014 quarter. Similarly, the Rs 1 crore and Abovecategory saw 7 per cent demand and 10 per cent supply
l The Rs 40-60 lakh category witnessed a demand of 21 per centagainst a supply of 16 per cent. The Rs 60-100 lakh category waswell-matched in supply and demand
DEMAND SUPPLY
DEMAND & SUPPLY - North Hyderabad
In North Hyderabad, maximum demand (44%) and supply (41%) was observed in the Rs 20-40 lakh category. The Upto Rs 20 lakh and Rs 1 crore and Above categories wereoversupplied by a 3-4 per cent margin. The supply in the Rs 40-60 lakh category fell shortof demand. The Rs 60-100 lakh category was evenly matched.
Builder floor apartments and residential plots were oversupplied. The demand forresidential houses and multi-storey apartments outstripped supply. The demand andsupply of villas was evenly matched. The 4BHK and above category was oversupplied.
Property wise Analysis
l Maximum demand and supply was witnessed in the multi-storeycategory. But where the demand was 43 per cent the supply was at 36 per cent, dropping by 12 per cent in the Jan–Mar 2014 quarterover the previous quarter
l The demand for the residential house category was 31 per cent butthe supply was only 18 per cent, same as the previous quarter. Theresidential plot category recorded a demand of 20 per cent with asupply at 35 per cent, which recorded a rise by 10 per cent over theprevious quarter
l The builder floor apartments were over supplied, while the supplyand demand for villas was well-matched
BHK wise Analysis
l Maximum demand of 49 per cent was observed in the 2BHKcategory in the Jan–Mar 2014 quarter, a drop of 5 per cent over theprevious quarter. The supply in this segment was 41 per cent
l The 3BHK category witnessed matching demand (44%) and supply(47%), with the supply noting a rise of 5 per cent over the previousOct–Dec 2013 quarter
l The demand for the 4BHK and Above category was 5 per cent,whereas the supply was recorded at 11 per cent in the Jan–Mar 2014quarter. The 1BHK category witnessed almost well-matched demandof 2 per cent against a supply of 1 per cent
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
1 BHK
2 BHK
3 BHK
4 BHK & above
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
Multistorey apartment
Single floor
Residential house
Residential plot
Villa
DEMAND SUPPLY
Property wise Analysis
Q3 Q4
44
45
19
23
9
16
12
21
Q3 Q4
36
22
41
16
14
18
13
1010
20
43
31
20
42
31
22
Q3 Q4
36
18
35
48
18
25
Q3 Q4
Q3 Q4
4954
4440
Q3 Q4
4742
4142
15 11
7
propindex.magicbricks.com VOL3, ISSUE 4; JAN-MAR, FY 2013-1408HYDERABAD
BHK wise Analysis
Budget wise Analysis
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
Budget wise Analysis
l Demand of 44 per cent was witnessed in the Rs 20-40 lakh category,whereas the supply in the same was just 25 per cent, a drop of 5 per cent in the Jan–Mar 2014 quarter
l Similarly, the demand in the Rs 40-60 lakh category was 20 per centconsistent with the previous quarter, while the supply was only 12 per cent
l The Rs 1 crore and Above category had a supply of 18 per cent while the demand was a marginal 9 per cent. The supply in the Upto Rs 20 lakh category was well-matched at 11 per cent withdemand, an increase of 6 per cent over the previous quarter.
DEMAND SUPPLY
DEMAND & SUPPLY - Central Hyderabad
In Central Hyderabad, 44 per cent demand was in the Rs 20-40 lakh category while supplywas 25 per cent. The Rs 40-60 lakh category was also in short supply with 20 per centdemand and 12 per cent supply. The Rs 1 crore and Above and Rs 60 lakh and Abovecategories had more supply than demand.
Demand for multi-storey apartments outstripped supply, while supply of builder floorapartments was higher than demand. The supply and demand in the residential plots,residential houses and villa categories was well-matched.
Property wise Analysis
l Demand of 74 per cent was in the multi-storey apartment category,with a supply of 67 per cent. The supply in this category recorded adrop of approximately 13 per cent in the quarter Jan–Mar 2014 overthe previous quarter
l The residential house category noted a demand of 17 per cent,matched by a supply of 16 per cent, a rise of 4 per cent over theprevious quarter. The residential plot category was well-matched insupply and demand
l The builder floor category witnessed a demand of 2 per cent.However, the supply was high at 11 per cent, a rise of 8 per cent overthe previous quarter
BHK wise Analysis
l The maximum demand and supply was in the 2BHK category, butwhere the demand was a consistent and substantial at 57 per cent,the supply was 37 per cent, dropping by 4 per cent over the previousOct–Dec 2013 quarter
l The opposite was true of the 3BHK category. Where the supply was52 per cent, increasing by 4 per cent, the demand was constant at 39 per cent in the Jan–Mar 2014 quarter
l The 4BHK and Above category had a significant supply of 9 per cent with demand a negligible 2 per cent. The 1BHK categorywas well-matched with 2 per cent demand and 1 per cent supply
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
1 BHK
2 BHK
3 BHK
4 BHK & above
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
Multistorey apartment
Single floor
Residential house
Residential plot
Villa
DEMAND SUPPLY
Property wise Analysis
94
Q3 Q4
4844
11
20
16
20
13
13
6
Q3 Q4
30 25
34
12
11
14
34
17 18
74
176
75
176
Q3 Q4
67
16
79
12
Q3 Q4
11
Q3 Q4
5760
3936
Q3 Q4
37
48
41
52
10 9
9
propindex.magicbricks.comVOL3, ISSUE 4; JAN-MAR, FY 2013-1409 HYDERABAD
BHK wise Analysis
Budget wise Analysis
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
Budget wise Analysis
l The maximum demand was in the Rs 20-40 lakh category at 38 per cent, whereas the supply was 22 per cent in the Jan–Mar 2014quarter. Followed by the Rs 40-60 lakh category with demand at 27 per cent and supply at 20 per cent
l The demand in the Rs 60-100 lakh category was at 17 per cent, with asupply at 20 per cent. Similarly, the Upto Rs 20 lakh was well-matched in supply and demand
l The Rs 1 crore and Above category had a demand of only 12 per centwith the supply substantial at 30 per cent, recording a mismatch inthe quarter
DEMAND SUPPLY
DEMAND & SUPPLY - West Hyderabad
In West Hyderabad, the demand for the Rs 20-40 lakh units was greater but supply wasshort by 16 per cent. The Rs 1 crore and Above category was oversupplied. The Rs 40-60lakh witnessed a demand of 27 per cent against a supply of 20 per cent.
Multi-storey apartments constituted 64 per cent demand and 62 per cent supply. There wasmore demand than supply of residential houses, with a difference of almost 9 per cent.There was more supply of villas, residential plots and builder floor apartments thandemand. The 2BHK category witnessed a demand of 50 per cent to a supply of 30 per cent.
Property wise Analysis
l The multi-storey apartment category witnessed the maximumdemand (64%) and supply (62%), with the supply increasing by 10 per cent in the Jan–Mar 2014 quarter over the previous quarter
l In the residential house category, where the demand was asignificant 14 per cent the supply was less than half at only 5 per cent. On the other hand, the residential plot category saw ademand of 12 per cent with supply at 16 per cent, recording a rise of6 per cent in supply over the previous quarter
l The villa category was oversupplied with a demand of 9 per cent,against a supply of 12 per cent
BHK wise Analysis
l Over 90 per cent consistent demand was observed in the 2BHK and3BHK categories, while the consolidated supply in both thesesegments was just short of 80 per cent
l The 2BHK category was short in supply with 50 per cent demand,against a supply of only 30 per cent. On the other hand, the 3BHKcategory was oversupplied with a demand of 40 per cent, whereasthe supply was 48 per cent in the Jan–Mar 2014 quarter
l Similarly, where the demand in the 4BHK and Above category was amarginal 6 per cent, the supply in the same was a healthy 20 per centin the said quarter
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
1 BHK
2 BHK
3 BHK
4 BHK & above
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
Multistorey apartment
Single floor
Residential house
Residential plot
Villa
DEMAND SUPPLY
Property wise Analysis
Q3 Q4
3842
6
2723
1715
1211
9
Q3 Q4
2224
30
20
20
8
26
22
24
64
14
12
65
12
13
Q3 Q49 9
Q3 Q4
51 50
4042
Q3 Q4
48
20
3031
19
62
16
72
10
Q3 Q411 12
6
49
propindex.magicbricks.com VOL3, ISSUE 4; JAN-MAR, FY 2013-1410HYDERABAD
BHK wise Analysis
Budget wise Analysis
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
Budget wise Analysis
l Almost 46 per cent demand was registered in the Rs 20-40 lakhcategory, while the supply stood at 31 per cent. Both recorded a dropof 4 and 7 per cent respectively over the previous quarter
l In the Upto Rs 20 lakh category, while the supply was 23 per cent, thedemand dropped to 18 per cent in the Jan-Mar 2014 quarter. The Rs 40-60 lakh category was well balanced with a demand of 20 per cent and supply of 21 per cent
l Significant mismatch was noted in the Rs 60-100 lakh category, withdemand at 11 per cent and supply at 17 per cent, similar to theprevious quarter
DEMAND SUPPLY
DEMAND & SUPPLY - East Hyderabad
Maximum supply and demand in East Hyderabad was primarily in the Rs 20-40 lakhcategory followed by the Rs 40-60 lakh. The Upto Rs 20 lakh category constituted 18 per cent demand with only 23 per cent supply. The Rs 60-100 lakh posted supply of 17 per cent to cater to a smaller demand of 11 per cent.
Multi-storey apartments were the in demand category. Residential plots were short insupply by almost 7 per cent. The 2 and 3BHK categories accounted for almost 93 per centdemand and 87 per cent supply. The 4BHK and Above category was oversupplied.
Property wise Analysis
l Mismatch of more 10 per cent was observed in the demand andsupply of the multi-storey category. The demand in the same was 44 per cent while the supply was 36 per cent, down by 10 per cent
l The mismatch could be seen in the residential house category aswell, with the demand at 34 per cent and the supply at 27 per centonly. Conversely, the demand for residential plots was 17 per centwhile the supply was a healthy 24 per cent during the Jan–Mar 2014quarter
l Builder floor apartments and villas were over supplied by 4 per centin the current quarter
BHK wise Analysis
l The 2BHK category recorded a substantial demand of 61 per cent,while the supply was a robust 46 per cent, though noting adifference of almost 15 per cent between the two.
l The 3BHK category witnessed a demand of 32 per cent, whereas thesupply was 41 per cent in the Jan–Mar 2014 quarter
l The supply in the 4BHK and Above category was noted at 12 per centbut the demand in the same was a negligible 3 per cent only in theJan–Mar 2014 quarter. The 1BHK category recorded a nominaldemand of 4 per cent and supply of 1 per cent
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
1 BHK
2 BHK
3 BHK
4 BHK & above
Q3 (Oct-Dec 2013)
Q4 (Jan-Mar 2014)
Multistorey apartment
Single floor
Residential house
Residential plot
Villa
DEMAND SUPPLY
Property wise Analysis
Q3 Q4
48
46
18
2017
26
11
Q3 Q4
21 23
38
31
2118
1718
44
34
17
46
29
19
Q3 Q4
36
27
24
46
24
20
Q3 Q4
6
Q3 Q4
6166
3229
Q3 Q4
56
46
4135
8 12
6 8
7
propindex.magicbricks.comVOL3, ISSUE 4; JAN-MAR, FY 2013-1411 HYDERABAD
CAPITAL VALUES – LOCALITY WISE
Average Listed Residential Apartment Prices
Alwal 2250 to 2750
Ameerpet 3950 to 4800
Appa Junction 3400 to 4000
AS Rao Nagar 2000 to 2550
Attapur 2550 to 3150
Bachupalli 1950 to 2550
Banjara Hills 6250 to 8400
Begumpet 4000 to 5000
Bodupal 1900 to 2400
Bowenpally 2300 to 2750
Chanda Nagar 2950 to 3550
DD Colony 4000 to 4750
ECIL 2050 to 2500
Gachibowli 3600 to 4700
Gopanpally 3200 to 3750
Habsiguda 3150 to 3800
Hafeezpet 3350 to 3750
Himayath Nagar 4500 to 5900
Hitech City 4000 to 4950
Hyder Nagar 3300 to 3900
Jubilee Hills 5750 to 7800
Kavadiguda 4200 to 5450
Kompally 2250 to 2650
Kondapur 3350 to 4150
Kothaguda 3250 to 4050
Kothapet 3250 to 4400
KPHB Colony 3450 to 4500
Kukatpally 3200 to 3950
LB Nagar 2700 to 3250
Madhapur 4300 to 5500
Madinaguda 2900 to 3300
Malkajgiri 1550 to 2100
Manikonda 2400 to 2950
Mehedipatnam 2950 to 3800
Miyapur 2850 to 3500
Nagole 2550 to 3200
Nallagandla 3000 to 3500
Nallakunta 3300 to 4250
Nandagiri Hills 8150 to 9400
Narsingi 3400 to 4050
Nizampet 2350 to 3150
Nizampet Village 2050 to 2550
Padamrao Nagar 3250 to 3900
Pragati Nagar 2200 to 2700
Rajendranagar 2800 to 3050
Sainikpuri 2300 to 2800
Sanatnagar 4050 to 4900
Somajiguda 5300 to 7200
Srinagar Colony 4150 to 5300
Tarnaka 3250 to 4250
Tellapur 2800 to 3200
Trimulgherry 2600 to 3000
Uppal 2250 to 2600
West Marredpally 3650 to 4750
White Field 4600 to 5100
Locality Capital Values (Rs/Sq feet)
Locality Capital Values (Rs/Sq feet)
HYDERABAD
propindex.magicbricks.com VOL3, ISSUE 4; JAN-MAR, FY 2013-1414HYDERABAD
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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