Realty Updates
Jan - Mar 2015
Delhi NCR : Residential Update
commonfloor.com
• DMRC is gearing up to build a bridge on Yamuna River between Kalindi Kunj and Okhla Bird Sanctuary metro stations. • An elevated national highway, touted to be the longest in India, is to be built between UP Gate and Raj Nagar Extension. • Noida Authority will start two projects from April to decongest Delhi-Noida-Greater Noida Link Road including an underpass and a 500-metre long by-pass. • UP government to invest ₹ 7,400 crore in Top Markets – New Launches & Noida and Greater Noida in a phased Rental Availability manner to build and upgrade existing infrastructure including roads, flyovers, Modi Nagar elevated corridors, underpasses etc. • The proposed extension of Dwarka-Noida NH-24 City Centre metro line up to Noida Raj Nagar Sector-62. planned extension (6.6 kms) Extension Govind Puram will pass through sectors 34, 51, 59 and Vasundhara Indirapuram 62 to Electronic City. • Three new underpasses are proposed in Noida - at City Centre Junction, NTPC crossing and Sector 35. Dwarka
Sector-120, Noida
Sector 1, Gr Noida Noida Extension
New Gurgaon
Sector-150, Noida
Sector 59 Sector 70A
Top Markets for:
Yamuna Expressway
Units Supply Rental Availability Units Sold
• Smart City: Government plans to develop smart township at Ghitorni in South Delhi, spread over 340 acres, the city will be built at an estimated cost of ₹ 12K crore. • DDA (Delhi Development Authority) slashed user conversion charge by 75 %. The charge for traders and businessmen has been reduced to ₹ 22,274 per sq. m. as against ₹ 89,094. About 8,000 property owners in areas like Sarojini Nagar, Lajpat Nagar, Hauz Khas, Green Market will reap the benefits. Market Segmentation • Vast area around Yamuna Expressway may soon be a manufacturing hotspot. At least 12 Chinese, Japanese and Korean conglomerates are in talks with the UP Luxury government to set up manufacturing plants for electronic goods. 16% Mid Segment 21%
NCR: BHK Segmentation
Affordable 63%
No. of Projects
40
16%
30
39%
20
32%
10
10% 0
P-1
1bhk
2bhk
3bhk
4bhk
5bhk
Percentage Share
Price Movement in Top Markets S No 1 2 3 4 5
City
Yamuna Expressway Sector-1 NH-24 Govind Puram Sector-70 A
<4,000 per sq.ft.
Approx. Units Supply*
Current Price per sq. ft.*
2250 2200 1900 1750 1700
3400 3300 3300 3000 7500
Gr Noida Gr Noida Ghaziabad Ghaziabad Gurgaon
4,000-6,000 per sq.ft.
Top 5 Markets - Rental Demand
Jan - Mar 2015
Delhi NCR : Residential Update
commonfloor.com
Micro-Market
Q-o-Q Price trends Change (in per cent) ↘ ↔ ↗ ↘ ↗
80 20 23 77 100 100 100
>8,000 per sq.ft.
4,000-6,000 per sq.ft.
Top 5 Markets - Resale Availability
• Ghaziabad: Indirapuram
• Gr Noida: Noida Extension
• Gr Noida: Noida Extension
• Ghaziabad: Raj Nagar Extension
• Ghaziabad: Raj Nagar Extension
• Ghaziabad: Indirapuram
• Ghaziabad: NH-24
• Gr Noida: Sector-16B
• Gurgaon: Sohna Road
• Gr Noida: Sector-1
Top 5 Markets - Rental Yield Vaishali (Ghaziabad)
Key: Est. Residential Locality, Connectivity
Indirapuram (Ghaziabad) Key: Est. Residential Locality, Commercial est. Vasundhara (Ghaziabad) Key: Est. Residential Locality, Scarcity of Land Sohna Road (Gurgaon) Key: IT Sector-45 (Noida)
Spillover, Commercial, Ample Land Availability
Key: Connectivity
Rental yield helps in assisting investors looking for rental income. It gives them an understanding of the top markets for rental returns in the respective city.
Key Projects launched in Q1, 2015 Segment
Project Name DLF The Crest Phase II
Luxury
Mid
Mahindra Luminare Panchsheel Pebbles AVL 36 Gurgaon Techman Moti City
Affordable
Builder Name
Locality
DLF Group DLF-V Mahindra Lifespace Sector-59 Developers Limited Panchsheel Buildtech Pvt Vaishali Ltd AVL Infrastructure Pvt Ltd Sector-36 Techman Buildwell Pvt Modinagar Ltd
Premia The Western Star Premia Projects Ltd
Sector-1
City Gurgaon Gurgaon
Approx. Approx. No of BHK Split Price (sq. Units ft.) 260 3,4,5 BHK 17,500 360
3,4,5 BHK
11,800
900
1,2 BHK
6,000
Gurgaon
1,480
4,000
Ghaziabad
1,100
1,2 BHK 1,2,3,3.5 BHK 1,2,3,4 BHK
Ghaziabad
Greater Noida
500
2,099 3,500
Did You Know? • With 30 per cent, Ghaziabad emerged as the showstopper in new units supply in NCR, which had just captured 16 per cent market in the last quarter. • Affordable properties rule the roost with 55 per cent, followed by luxury and mid segment with 26 and 20 per cent respectively. • Among the top markets based on different parameters, Ghaziabad localities occupied maximum slots , which include new units supply, absorption, rental availability, rental demand, resale availability, rental Yield. • Fastest Moving Rental Markets: As per CommonFloor’s proprietary data model, properties up for rent in Indirapuram, Crossing Republic, Pari Chowk, Sector-62 (Noida) and Sector-54 (Gurgaon) on an average take just 15-25 days to go out. ----------------------------------------------------------------x-x-x-x-x-x-x-x-x-x-x-x-x------------------------------------------------------------P-2