RESIDENTIAL REAL ESTATE MARKET REPORT...2019/12/12 · Real Estate Research Company RESIDENTIAL...
Transcript of RESIDENTIAL REAL ESTATE MARKET REPORT...2019/12/12 · Real Estate Research Company RESIDENTIAL...
Liases Foras Real Estate Rating & Research Pvt. Ltd.
Independent Non-brokingReal Estate Research Company
RESIDENTIAL REAL
ESTATE MARKET REPORT
Q2 FY 19-20 (35 Cities)
MMR, NCR, Pune, Bangalore, Ahmedabad, Hyderabad, Outer MMR, Kolkata,
Chennai, Surat, Vadodara, Jaipur, Chandigarh, Bhopal, Nashik, Nagpur,
Lucknow, Patna, Vijayawada, Outer Pune, Raipur, Goa, Rajkot, Bhubaneswar,
Vizag, Coimbatore, Thiruvananthapuram, Indore, Dehradun, Cochin,
Guwahati, Ranchi, Meerut, Ludhiana and Kanpur
Ÿ Top 35 ci�es have recorded sales of 91,115 units in Sept quarter (Q2 FY 19-20) down by 2%
decrease as compared to last quarter when the sales was 93,426 units. 22 out of 35 ci�es
witnessed a drop in sales.
Ÿ 57% of the sales of this quarter were contributed by sub-50 lac segment. Sales share of sub-50
lac segment has shown a 2% drop on YoY and a percent’s drop on QoQ basis.
Ÿ Top 35 ci�es witnessed new launches of 80,459 units during the 2nd quarter of FY 19-20
showing a whopping 19% growth over the same quarter last year and a marginal increase of 2%
as compared to the last quarter.
Ÿ The unsold stock had remained stable on QoQ basis in 35 ci�es while it increased by 5% on YoY
basis. This increase can be a�ributed to the high new launches in the March-19 and June-19
quarter. The current unsold across 35 ci�es stands at 1,310,570 units.
Ÿ Maximum number of new launches were in Rs. 30 lac – Rs. 50 lac bracket and the segment
accounted for almost one-third (31%) of total units launched during the quarter. NCR
contributed 18% of the launches in this segment.
Ÿ Weighted average price across 35 ci�es exhibited a marginal drop of a percent as compared to
previous quarter. Prices dropped in 14 ci�es while increased in only nine ci�es.
Preview
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Q2 FY 19-20 Quarterly Market Movement
MARKET PERFORMANCEQ2 FY 19-20 (35 Cities)
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Country Level -Overview
Ÿ Sales across the 35 ci�es decreased marginally by 2% while the unsold inventory remained stable.
Ÿ With the drop in sales, the inventory overhang increased to 43 months or 3% at all India level.
Ÿ Weighted average price witnessed slight drop of a percent.
Ÿ The share of �er 1 ci�es to the overall sales as well as unsold remained stable at 74% while the share in
new launched dropped by 5% to reach 77% as compared to 82% last quarter.
Ÿ Sales across the country (35 ci�es) dropped marginally by 2% while the unsold stock increased by 5%.
Ÿ With the drop in sales coupled with increase in unsold, the inventory overhang swelled by 7%.
Ÿ New launches witnessed a growth of 19% as compared to same period last year. 35 ci�es altogether
witnessed new launches of 80,459 units during the quarter ending September 2019.
All India (35 Ci�es) Q2 18-19 Q1 19-20 Q2 19-20 QoQ YoY
QoQ
Tier 1 Ci�es Tier 2 Ci�es
YoY
Sales
Unsold
Months Inventory
Wt. Avg. Price (Rs. PSF)
New Launches
93,441
1,253,191
40
5,991
67,476
93,426
1,304,658
42
5,990
79,071
91,115
1,310,570
43
5,953
80,459
-2%
0%
3%
-1%
2%
-2%
5%
7%
-1%
19%
Unsold InventorySales
Q2 FY 19-20
Q1 FY 19-20
Q2 FY 18-19
3,29,133, 25%
9,75,525, 75%
3,06,504, 24%
9,74,654, 74%
335,916, 26%
23,511, 26%
70,344, 75%
23,934, 26%
69,492, 74%
23,097, 25%
67,604, 74%
9,74,654, 74%
Tier 1 Ci�es Tier 2 Ci�es
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Sales Performance in India
Ÿ Sales across the 35 ci�es decreased
marginally by 2% with only 11 ci�es showing
a posi�ve movement in sales. Seven out of
eight �er 1 ci�es witnessed a downward
movement.
Ÿ Of the top 15 ci�es by sales among these 35
ci�es, maximum drop was observed in
Bhopal which decreased by 18% followed by
Chennai with 17% dip.
Ÿ Sales across 35 ci�es went down by 2%
although 20 out of 35 ci�es witnessed a
growth as compared to September quarter
last year.
Ÿ Among the top 15 ci�es, upward movement
was no�ced in Nashik (25%), Jaipur (22%)
Kolkata (11%) Hyderabad (10%),
Ahmedabad (4%), Bangalore (2%) and
Outer MMR (2%).
Sales (Units) QoQ YoYQoQ
YoY
City
MMR
NCR
Pune
Bangalore
Ahmedabad
Hyderabad
Outer MMR
Kolkata
Chennai
Surat
Vadodara
Jaipur
Chandigarh
Bhopal
Nashik
Other Ci�es
35 Ci�es
MM
R
NC
R
PU
NE
Ban
galo
re
Ah
med
abad
Hyd
erab
ad
Ou
ter
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R
Ko
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Ch
enn
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t
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Jaip
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Ch
and
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Bh
op
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Nas
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Nag
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Luck
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Patn
a
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Ou
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ne
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Q2 18-19
18,255
13,811
11,059
8,816
7,351
4,450
3,717
3,327
3,275
2,841
2,939
1,345
1,149
1,214
847
9,045
93,441
Q1 19-20
17,181
12,089
10,636
9,184
7,620
5,058
3,682
4,127
3,597
2,535
2,346
1,713
1,166
1,301
959
10,232
93,426
Q2 19-20
17,023
11,790
10,548
9,035
7,656
4,878
3,800
3,681
2,993
2,447
2,217
1,646
1,150
1,073
1,055
10,123
91,115
-1%
-2%
-1%
-2%
0%
-4%
3%
-11%
-17%
-3%
-5%
-4%
-1%
-18%
10%
-1%
-2%
-7%
-15%
-5%
2%
4%
10%
2%
11%
-9%
-14%
-25%
22%
0%
-12%
25%
12%
-2%
17
,02
3
11
,79
0
10
,54
8
9,0
35
7,6
56
4,8
78
3,8
00
3,6
81
2,9
93
2,4
47
2,2
17
1,6
46
1,1
50
1,0
73
1,0
55
94
6
87
1
84
8
77
4
70
8
65
7
64
8
57
7
55
6
49
6
46
2
43
8
41
1
31
2
28
0
23
2
23
2
22
7
22
6
22
2
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
Sale
s (U
nit
s)
Definition of Outer MMR: Palghar, Boisar, Karjat, Shahpur, Khopoli, Rasayani, Alibaug, Pen, Kasara and Uran
Definition of Outer Pune: Shirwal, Saswad, Daund, Shirur, Shikrapur, Rajguru Nagar, Manchar, Narayangaon, Kamshet.
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Unsold Stock in India
Ÿ Unsold stock across 35 ci�es remained
almost stable.
Ÿ It increased in seven out of top 15 ci�es
with Vadodara exhibi�ng the highest
growth (18%) followed by Surat (10%),
Hyderabad (6%), Pune (4%) and Nashik
(4%).
Ÿ Among the top 15 ci�es, maximum drop
was witnessed in Bangalore and
Chandigarh by 3% each followed by
Chennai, NCR & Jaipur with a drop a 2%
each.
Ÿ Unsold stock in 35 ci�es increased by 5%
in Sept-19 as compared to same period
last year with 21 ci�es showing a growth
on YoY.
Ÿ Out of top 15 ci�es, maximum increase
was seen in Vadodara (40%), Nashik
(22%), Surat (19%), Pune (17%) and
Jaipur (17%).
Unsold Stock (Units) QoQ YoYQoQ
YoY
City
MMR
NCR
Pune
Bangalore
Ahmedabad
Hyderabad
Outer MMR
Kolkata
Chennai
Surat
Vadodara
Jaipur
Chandigarh
Bhopal
Nashik
Other Ci�es
35 Ci�es
Q2 18-19
269,740
203,169
122,698
102,241
70,754
42,835
51,342
61,563
73,687
40,288
18,549
26,181
14,145
20,112
9,390
126,497
1,253,191
Q1 19-20
290,697
194,480
138,057
105,776
68,955
43,416
53,868
56,172
77,972
43,827
22,005
31,136
13,105
17,695
11,001
136,496
1,304,658
Q2 19-20
291,581
190,047
143,549
102,433
68,416
45,855
53,682
56,632
76,141
48,079
26,035
30,573
12,718
17,853
11,425
135,551
1,310,570
0%
-2%
4%
-3%
-1%
6%
0%
1%
-2%
10%
18%
-2%
-3%
1%
4%
-1%
0%
8%
-6%
17%
0%
-3%
7%
5%
-8%
3%
19%
40%
17%
-10%
-11%
22%
7%
5%
292
190
144
10268
46 54 5776
4826 31
13 18 11 16 19 12 8 9 5 5 5 5 3 9 6 9 4 7 3 3 2 4 20
50
100
150
200
250
300
350
Un
sold
(Th
ou
san
ds
un
its)
MM
R
NC
R
PU
NE
Ban
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Ah
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Months Inventory in India
Ÿ Months inventory increased by 3% across
35 ci�es and is standing at 43 months in
Sept-19.
Ÿ An efficient market maintains 8 -12
months of inventory. An inventory
overhang of 43 months indicates a
downside pressure on prices across all
the major ci�es in India.
Ÿ Among top 15 ci�es by sales, drop in
months inventory was witnessed in
Nashik, Outer MMR, Bangalore,
Chandigarh and Ahmedabad.
Ÿ Months inventory increased in Vadodara
(25%), Bhopal (22%), Chennai (17%),
Surat (14%), Kolkata (13%), Hyderabad
(10%), Pune (5%), Jaipur (2%) and MMR
(1%).
Ÿ Overall months inventory increased by
7% on YoY basis.
Ÿ Maximum drop was seen in Vadodara
(86%) followed by Surat (39%) while
maximum drop was in Kolkata by 17%.
Months Inventory QoQ YoYQoQ
YoY
Q2 18-19
44
44
33
35
29
29
41
56
67
43
19
58
37
50
33
42
40
Q1 19-20
51
48
39
35
27
26
44
41
65
52
28
55
34
41
34
40
42
Q2 19-20
51
48
41
34
27
28
42
46
76
59
35
56
33
50
32
40
43
1%
0%
5%
-2%
-1%
10%
-3%
13%
17%
14%
25%
2%
-2%
22%
-6%
0%
3%
16%
10%
23%
-2%
-7%
-2%
2%
-17%
13%
39%
86%
-5%
-10%
0%
-2%
-5%
7%
51 4841
3427 28
42 46
76
59
35
56
33
50
32
51
66
4131
37
24 2228 29
16
56
40
0
10
20
30
40
50
60
70
80
90
Mo
nth
s In
ven
tory
(M
on
ths)
67
36
70
4235
30
54
26
MM
R
NC
R
PU
NE
Ban
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Ah
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Hyd
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City
MMR
NCR
Pune
Bangalore
Ahmedabad
Hyderabad
Outer MMR
Kolkata
Chennai
Surat
Vadodara
Jaipur
Chandigarh
Bhopal
Nashik
Other Ci�es
35 Ci�es
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Price movement across India
Ÿ In Q2 FY 19-20, the weighted average
price across 35 ci�es declined marginally
by 1% as compared with previous quarter.
Prices dropped in 14 ci�es while
increased in only nine ci�es.
Ÿ Among top 15 ci�es, maximum prices
growth was observed in Hyderabad (5%)
followed by Chandigarh (2%) and
Bangalore (1%) and NCR (1%).
Ÿ On YoY as well, the weighted average
price across 35 ci�es declined marginally
by 1%. 15 ci�es showed drop inn prices
while 17 ci�es exhibited growth.
Ÿ Hyderabad exhibited highest growth in
prices by 19% while among major ci�es,
MMR and Jaipur showed maximum drop
of 5% each in the average prices.
Price (Rs/Sq.�) QoQ YoYQoQ
YoY
City
MMR
NCR
Pune
Bangalore
Ahmedabad
Hyderabad
Outer MMR
Kolkata
Chennai
Surat
Vadodara
Jaipur
Chandigarh
Bhopal
Nashik
Other Ci�es
35 Ci�es
Q2 18-19
13,130
4,732
5,221
5,453
3,250
4,760
3,211
4,232
5,138
3,914
2,517
3,463
3,580
2,958
3,896
3,781
5,991
Q1 19-20
12,718
4,578
5,239
5,469
3,266
5,371
3,262
4,306
5,048
3,945
2,670
3,318
3,587
3,032
3,834
3,831
5,990
Q2 19-20
12,471
4,627
5,258
5,512
3,226
5,641
3,254
4,319
5,019
3,847
2,666
3,276
3,643
3,035
3,804
3,833
5,953
-2%
1%
0%
1%
-1%
5%
0%
0%
-1%
-2%
0%
-1%
2%
0%
-1%
0%
-1%
-5%
-2%
1%
1%
-1%
19%
1%
2%
-2%
-2%
6%
-5%
2%
3%
-2%
1%
-1%
12,471
4,6
27
5,2
58
5,5
12
3,2
26
5,6
41
3,2
54 4,3
19
5,0
19
3,8
47
2,6
66
3,2
76
3,6
43
3,0
35 3,80
4
3,4
15
3,4
89
3,2
25 4,4
13
3,0
01
3,0
04
5,7
79
3,4
44
3,4
56 4,1
71
4,5
92 5,3
68
3,0
00 3,9
62 5,3
37
3,66
7
3,5
23
2,7
00 3,5
65
3,7
34
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Wt.
Avg
. R
ate
(R
s. P
SF.)
MM
R
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R
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Sales Trend in Various Cost Brackets
Q2 18-19 Q1 19-20 Q2 19-20 QoQ YoY
Ÿ Sales in affordable segment (Less than Rs. 30
lac) decreased by 7% on a QoQ basis and by
5% on YoY basis. NCR had highest sales share
in this segment (18%) followed by MMR (14%),
Outer MMR (13%), Pune (11%) and
Ahmedabad (10%).
Ÿ Sales in the cost bracket of Rs. 30 - 50 Lac
decreased by 3% on QoQ and 8% on YoY basis.
Maximum sales in the segment was weighed
in by Pune (16%) and MMR (15%) followed by
Ahmedabad and NCR at 11% each.
Ÿ Sales in the cost bracket of Rs. 50 Lac – 1 Cr.
decreased by 1% on QoQ basis while it increased by 2% on YoY basis. MMR had maximum sales share of
19% in the segment followed by Bangalore (17%), Pune (12%), NCR (9%) and Hyderabad (9%)
Ÿ Sales in luxury segment (Rs. 1–2 Crore) saw an up�ck with 7% growth on QoQ basis and 8% growth on
YoY basis. MMR had maximum share of 32% in this segment.
Ÿ Sales in ultra luxury segment (above Rs. 2 Crore) remained stable on QoQ basis and decreased by 4% on
YoY basis. MMR, NCR, Hyderabad and Bangalore combined together had a sales share of 75% in this
segment.
Ÿ Maximum sales was witnessed in Less than Rs. 30 Lacs segment with 30% share followed by Rs. 50 Lac –
1 Cr. (28%) and 30 Lac – 50 Lac segment (27%).
Ÿ Within �er 1 ci�es, the segment of Rs. 50 Lacs – 1 Crores has highest share of 30% followed by the
Rs.30-50 Lacs (27%) and Less than Rs.30 Lacs (25%) segment.
31% 31% 30%
28% 27% 27%
27% 28% 28%
10% 10% 11%4% 4% 4%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Q2 18-19 Q1 19-20 Q2 19-20
Sale
s
Less than 30 Lacs 30 Lacs - 50 Lacs 50 Lacs - 1 Crore
1 Crore - 2 Crore 2 Crore +
Less than 30 Lacs
30 Lacs - 50 Lacs
50 Lacs - 1 Crore
1 Crore - 2 Crore
Above 2 Crore
Grand Total
28,609
26,622
25,174
9,053
3,983
93,441
29,254
25,192
26,065
9,079
3,836
93,426
27,301
24,542
25,690
9,741
3,841
91,115
-7%
-3%
-1%
7%
0%
-2%
-5%
-8%
2%
8%
-4%
-2%
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New Supply
Q2 18-19 Q1 19-20 Q2 19-20 QoQ YoY
Less than 30 Lacs
30 Lacs - 50 Lacs
50 Lacs - 1 Crore
1 Crore - 2 Crore
Above 2 Crore
Grand Total
25,288
18,889
16,439
4,355
2,505
67,476
23,453
23,272
20,863
8,351
3,132
79,071
21,353
24,714
22,159
9,319
2,914
80,459
-9%
6%
6%
12%
-7%
2%
-16%
31%
35%
114%
16%
19%
Ÿ Among various cost segments, the cost
bracket of Rs.30 Lac - 50 Lac witnessed
maximum new launches amoun�ng to 31%
of total new supply followed by the cost
brackets of Rs.50 Lacs - 1Cr. and Less than Rs.
30 Lacs with 28% and 27% contribu�on.
Ÿ MMR contributed the maximum share of
20% to the total new launches across 35
ci�es, followed by Pune (17%), NCR (9%),
Hyderabad (9%) and Bangalore (9%).
Ÿ Among �er II ci�es, Surat contributed 4%
while Vadodara and Outer MMR both had 3%
contribu�on to the overall new supply.
Ÿ Hyderabad is growing as a luxury market with 30% contribu�on to launches in the luxury & ultra luxury
segment (>1 Crore). MMR also held a share of 30% in the segment followed by NCR (18%) and Bangalore
(12%).
Ÿ In Less than Rs. 30 Lac segment, NCR had largest contribu�on of 18% followed by Pune (13%), MMR
(12%), Kolkata (7%), Ahmedabad (7%) and Vadodara (6%).
Ÿ 67% of Pune’s new supply came in sub Rs. 50 lac segment while in NCR 61% of new supply came in this
segment. In Hyderabad only 7% of the new supply came in sub-50 Lacs segment.
Less than 30 Lacs 30 Lacs - 50 Lacs 50 Lacs - 1 Crore
1 Crore - 2 Crore 2 Crore +
37%30% 27%
28%29% 31%
24%26% 28%
6% 11% 12%4% 4% 4%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Q2 18-19 Q1 19-20 Q2 19-20
New
Su
pp
ly
MARKET MOVEMENTTIER 1
Q2 FY 19-20 (35 Cities)
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Ÿ Sales across the Tier I ci�es have decreased
marginally by 3% with seven out of eight ci�es
showcasing a downward movement.
Ÿ Maximum drop was observed in Chennai
which decreased by 17% followed by Kolkata
with 11% dip.
Ÿ Sales remained stable in Ahmedabad.
Ÿ Bangalore, MMR, NCR and Pune witnessed a
slight drop in sales on QoQ.
Ÿ Overall sales across �er I ci�es dropped by 4%.
Ÿ Sales in NCR witnessed maximum decline of 15% on YoY followed by Chennai (-9%), MMR (-7%) and
Pune (-4%).
Ÿ Upward movement was observed in Kolkata (11%), Hyderabad (10%), Ahmedabad (4%) and Bangalore
(2%).
QoQQ2 FY 19-20
YoY
Sales (Units) QoQ YoY
City
Ahmedabad
Bangalore
Chennai
Hyderabad
Kolkata
MMR
NCR
Pune
8 Ci�es
Q2 18-19
7,351
8,816
3,275
4,450
3,327
18,255
13,811
11,059
70,344
Q1 19-20
7,620
9,184
3,597
5,058
4,127
17,181
12,089
10,636
69,492
Q2 19-20
7,656
9,035
2,993
4,878
3,681
17,023
11,790
10,548
67,604
0%
-2%
-17%
-4%
-11%
-1%
-2%
-1%
-3%
4%
2%
-9%
10%
11%
-7%
-15%
-5%
-4%
7,351
8,816
3,275
4,450
3,327
18,255
13,811
11,059
7,620
9,184
3,597
5,058
4,127
17,181
12,089
10,636
7,656
9,035
2,993
4,878
3,681
17,023
11,790
10,548
Ahmedabad Bangalore Chennai Hyderabad
Kolkata MMR NCR Pune
Q1 FY 19-20
Q2 FY 18-19
Sales Performance in India
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Ÿ Consolidated �er 1 ci�es’ unsold stock
remained almost stagnant in Q2 FY 19-20.
Ÿ Unsold stock increased in Hyderabad (6%),
Pune (4%) and Kolkata (1%).
Ÿ Ci�es witnessing a drop in unsold stock
included Bangalore (3%), NCR (2%), Chennai
(2%) and Ahmedabad (1%).
Ÿ Unsold remained almost stable in MMR.
Ÿ Unsold stock in Tier I ci�es increased by 3% in
Sept-19 as compared to same period last year.
Ÿ Pune witnessed an increase of 17% which is the
highest followed by MMR (8%), Hyderabad (7%)
and Chennai (3%).
Ÿ Kolkata, NCR and Ahmedabad showed a reduc�on
in unsold stock by 8%, 6% and 4% respec�vely.
QoQ YoY
Unsold Stock (Units) QoQ YoY
City
Ahmedabad
Bangalore
Chennai
Hyderabad
Kolkata
MMR
NCR
Pune
8 Ci�es
Q2 18-19
70,754
102,241
73,687
42,835
61,563
269,740
203,169
122,698
946,687
Q1 19-20
68,955
105,776
77,972
43,416
56,172
290,697
194,480
138,057
975,525
Q2 19-20
68,416
102,433
76,141
45,855
56,632
291,581
190,047
143,549
974,654
-1%
-3%
-2%
6%
1%
0%
-2%
4%
0%
-3%
0%
3%
7%
-8%
8%
-6%
17%
3%
71
102
74
43
62
270
203
123
69
106
78
4356
291
194
138
68
10276
4657
292
190
144
0
50
100
150
200
250
300
350
Ahmedabad Bangalore Chennai Hyderabad Kolkata MMR NCR Pune
Un
sold
(Th
ou
san
ds
un
its)
Q2 18-19 Q1 19-20 Q2 19-20
Unsold Stock in India
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Liases Foras Real Estate Rating & Research Pvt. Ltd.
Independent Non-brokingReal Estate Research Company
Ÿ Months inventory increased by 3% across Tier I
ci�es and is standing at 43 months in Sept-19.
Ÿ Inventory overhang of Ahmedabad and
Hyderabad are lowest among the �er 1 ci�es.
Ÿ Months inventory decreased in Ahmedabad (-
2%) and in Bangalore by 1%.
Ÿ Months inventory increased in Chennai (17%),
Kolkata (13%), Hyderabad (10%), Pune (5%) and
MMR (1%).
Ÿ Overall months inventory increased by 7% on YoY
basis.
Ÿ In Pune, MMR, Chennai and NCR it increased by
23%, 16%, 13% and 10% respec�vely.
Ÿ Kolkata and Ahmedabad witnessed a drop of 17%
and 7% respec�vely while it was a marginal drop
of 2% in Bangalore and Hyderabad.
QoQ YoY
Months Inventory QoQ YoY
City
Ahmedabad
Bangalore
Chennai
Hyderabad
Kolkata
MMR
NCR
Pune
8 Ci�es
Q2 18-19
29
35
67
29
56
44
44
33
40
Q1 19-20
27
35
65
26
41
51
48
39
42
Q2 19-20
27
34
76
28
46
51
48
41
43
-1%
-2%
17%
10%
13%
1%
0%
5%
3%
-7%
-2%
13%
-2%
-17%
16%
10%
23%
7%
Q2 18-19 Q1 19-20 Q2 19-20
2935
67
29
56
44 44
33
27
35
65
26
41
5148
39
2734
76
28
46
52
4841
0
10
20
30
40
50
60
70
80
90
Ahmedabad Bangalore Chennai Hyderabad Kolkata MMR NCR Pune
Mo
nth
s In
ven
tory
(M
on
ths)
Months Inventory in India
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Liases Foras Real Estate Rating & Research Pvt. Ltd.
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Ÿ In Q2 FY 19-20, the weighted average price
across Tier I ci�es remained almost stagnant as
compared with previous quarter.
Ÿ Prices in Hyderabad increased by 5% followed
by Bangalore (1%) and NCR (1%).
Ÿ Prices in Ahmedabad, Chennai and MMR
dipped marginally while prices in Pune and
Kolkata remained stagnant.
Ÿ Weighted average price across Tier I ci�es
remained stagnant as compared to a year ago.
Ÿ Hyderabad exhibited maximum increase in prices
by 19%. Marginal increase was witnessed in
Kolkata (2%) followed by a percent’s growth in
Bangalore and Pune.
Ÿ Prices dipped in MMR (5%), NCR (2%), Chennai
(2%) and Ahmedabad (1%).
QoQ YoY
Price (Rs/Sq.�) QoQ YoY
City
Ahmedabad
Bangalore
Chennai
Hyderabad
Kolkata
MMR
NCR
Pune
8 Ci�es
Q2 18-19
3,250
5,453
5,138
4,760
4,232
13,130
4,732
5,221
6,765
Q1 19-20
3,266
5,469
5,048
5,371
4,306
12,718
4,578
5,239
6,783
Q2 19-20
3,226
5,512
5,019
5,641
4,319
12,471
4,627
5,258
6,759
-1%
1%
-1%
5%
0%
-2%
1%
0%
0%
-1%
1%
-2%
19%
2%
-5%
-2%
1%
0%
3,2
50
5,45
3
5,1
38
4,7
60
4,2
32
13,1
30
4,7
32
5,2
21
6,7
65
3,2
66
5,4
69
5,0
48
5,3
71
4,3
06
12,7
18
4,5
78 5,2
39
6,78
3
3,2
32
5,5
12
5,0
19 5,6
41
4,3
19
12,4
79
4,6
27 5,2
58
6,7
60
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Wt.
Avg
. R
ate
(R
s. P
SF.)
Ahmedabad Bangalore Chennai Hyderabad Kolkata MMR NCR Pune 8 Ci�es
Q2 18-19 Q1 19-20 Q2 19-20
Price movement across India
Q2 FY 19-20 (35 Cities)MARKET MOVEMENTMMR
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MMR- Sales and Unsold Stock
Ÿ Sales increased in Western Suburb Extended by 65% followed by Panvel with 38% rise while it plunged
in New Mumbai by 25% followed by Central Suburb (17%) and Central Suburb Extended (14%).
Ÿ Unsold stock reduced maximum in Panvel (6%) followed by Island City, Thane and Western Suburb
Extended by 3% each.
Ÿ Unsold stock increased in Central Suburb Extended (5%) and New Mumbai (4%) and marginally in
Western Suburb.
Ÿ Sales went down in all suburbs except Thane and Panvel which witnessed 16% and 102% upsurge
respec�vely.
Ÿ Unsold stock increased in six out of eight suburbs with maximum growth in Central Suburb Extended
(26%) followed by New Mumbai (21%), Thane (13%) and Central Suburb (4%).
QoQ
YoY
Sales (Units) QoQ YoYSuburb
Central Suburb Extended
Western Suburb
Western Suburb Extended
New Mumbai
Thane
Central Suburb
Panvel
Island City
Grand Total
Q2 18-19
5,610
2,640
3,337
1,713
1,801
1,765
760
629
18,255
Q1 19-20
5,285
2,253
1,650
2,284
2,282
1,755
1,109
563
17,181
Q2 19-20
4,552
2,438
2,718
1,702
2,082
1,454
1,533
544
17,023
-14%
8%
65%
-25%
-9%
-17%
38%
-3%
-1%
-19%
-8%
-19%
-1%
16%
-18%
102%
-14%
-7%
Unsold Stock (Units) QoQ YoYSuburb
Central Suburb Extended
Western Suburb
Western Suburb Extended
New Mumbai
Thane
Central Suburb
Panvel
Island City
Grand Total
Q2 18-19
63,330
47,313
39,122
17,192
27,374
43,557
15,469
16,383
269,740
Q1 19-20
76,059
45,364
37,572
19,902
31,727
46,030
16,743
17,300
290,697
Q2 19-20
79,919
45,680
36,621
20,790
30,932
45,219
15,702
16,718
291,581
5%
1%
-3%
4%
-3%
-2%
-6%
-3%
0%
26%
-3%
-6%
21%
13%
4%
2%
2%
8%
Q2 FY 19-20 (35 Cities)MARKET MOVEMENTNCR
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NCR- Sales and Unsold Stock
Ÿ NCR market has been facing tough �mes from two years with consistent drop in sales.
Ÿ In Q2 FY 19-20, maximum drop in sales was observed in Faridabad (77%) followed by Ghaziabad (11%)
and Bhiwadi (7%).
Ÿ Sales increased in Gurugram and Noida by 19% and 5% respec�vely as compared to quarter ending Jun-
19.
Ÿ Unsold stock increased in Ghaziabad by 42% and marginally in Noida while it reduced in all the other
suburbs.
Ÿ Sales witnessed a significant drop in all suburbs except Gurugram which showed a growth of 50% over
same period last year. Sales declined maximum in Faridabad (71%) followed by Ghaziabad (42%),
Bhiwadi (38%), Greater Noida (32%), Noida (26%).
Ÿ Unsold stock shrunk in Ghaziabad and Greater Noida by 11% each followed by Bhiwadi (9%). While it
increased in Gurugram and Faridabad by 4% and 2% respec�vely.
*Other suburbs include Bahadurgarh, Dharuhera, North Delhi, Sonepat & West Delhi
QoQ
YoY
Sales (Units) QoQ YoY
Suburb
Gurugram (Gurgaon)
Greater Noida
Ghaziabad
Noida
Bhiwadi
Faridabad
*Other Suburbs
Grand Total
Q2 18-19
3,479
4,566
2,450
1,406
906
783
221
13,811
Q1 19-20
4,403
3,256
1,596
991
610
996
237
12,089
Q2 19-20
5,234
3,102
1,420
1,039
565
230
200
11,790
19%
-5%
-11%
5%
-7%
-77%
-16%
-2%
50%
-32%
-42%
-26%
-38%
-71%
-10%
-15%
Unsold Stock (Units) QoQ YoY
Suburb
Gurugram (Gurgaon)
Greater Noida
Ghaziabad
Noida
Bhiwadi
Faridabad
*Other Suburbs
Grand Total
Q2 18-19
39,710
80,922
36,983
26,741
9,816
5,385
3,612
203,169
Q1 19-20
42,862
74,946
33,811
26,019
9,368
3,875
3,599
194,480
Q2 19-20
41,168
71,850
32,939
26,293
8,899
5,499
3,399
190,047
-4%
-4%
-3%
1%
-5%
42%
-6%
-2%
4%
-11%
-11%
-2%
-9%
2%
-6%
-6%
Informa�on contained here, has been obtained from sources believed to be reliable. While we do not
doubt its accuracy, we have not verified it and make no guarantee, warranty or representa�on about it. The
readers are encouraged to independently assess the relevance, accuracy and completeness of the
informa�on of this publica�on. This report is for general guidance and informa�onal purposes only, and
does not cons�tute professional advice.
Whilst every effort has been taken to provide authen�c data and analysis, Liases Foras Real Estate Ra�ng &
Research Pvt. Ltd. Or any of its employees are not responsible for any loss, major or minor incurred on the
basis of the informa�on and analyses provided or are liable to any damages in any form or shape All rights
to this material are reserved and cannot be reproduced without prior wri�en permission from Liases Foras
Real Estate Ra�ng & Research Pvt. Ltd.
Disclaimer
Liases Foras Real Estate Rating & Research Pvt. Ltd.
Independent Non-brokingReal Estate Research Company
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Liases Foras is an independent real estate research ins�tute having offices in Mumbai, Bengaluru and New Delhi. Liases Foraswas founded in 1998 as a bou�que non-broking real estate consultancy and has since evolved into a data-focused real estateresearch lab employing over 120 people. Liases Foras tracks and closely examines the health of the real estate sector in over60 ci�es across India, including all metro and capital ci�es. Liases Foras is the official consul�ng partner of the Na�onalHousing Bank and has created RESIDEX.
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