99 acres

India’s No.1 Property Portal

INSITE REPORT
Delhi NCR
January - March 2017

w w w. 9 9 a c r e s . c o m
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Methodology FROM
NARASIMHA’S
The Insite Report by
99acres.com captures the
quarterly capital trends and

DESK...
the annual rental analysis of
residential apartments in key
real estate markets – Delhi
NCR, Mumbai Metropolitan
Region (MMR), Bangalore,
Pune, Chennai, Hyderabad,
Kolkata and Ahmedabad. In
order to assess the prevailing The year 2016 drew to a culmination
sentiment, the report delves with jitters instigated by some
deep into demand and Home loan of the most radical alterations in
supply of properties across the history of Indian real estate.
varied budget segments and interest RERA, GST Bill, demonetisation and
occupancy stages. While Benami Transactions (Prohibition)
demand is a function of subsidies, Amendment Act surfaced as game-
queries received, supply is
based on property listings
infrastructure changing policies that brought
anxiety and distractions to the
posted on 99acres.com in status to housing market. Nevertheless,
Jan-Mar 2017. they promise greater transparency,
affordable optimism and lucrative returns for
housing and investors in the long term.
The realty market across the country launches and a revival in enquiries
change in the
Contents Impact of Union Budget 06
Impact of Union Budget 2017-18 on the
Noida and Greater Noida
Key highlights - Noida & Greater
10
holding period
reposed in the first quarter of 2017.
Several initiatives announced in
during the quarter. Southern
counterparts such as Bangalore and
Indian real estate market Noida’s capital and rental market the Union Budget 2017-18 talked Hyderabad thrived on the back of
of LTCG tax are about enhancing infrastructure, government initiatives, commercial
improving connectivity and expansion, and emergence of IT
From Narasimha’s Desk 03 Market Movers 07 Ghaziabad 11 expected to spur providing affordable housing. hubs. Chennai, however, battled
Home loan interest subsidies, degeneration of residential housing
CBO’s perspective on current market
sentiment
News that impacted Delhi NCR’s realty
market in Jan-Mar 2017
Key highlights - Ghaziabad’s capital and
rental market in Jan-Mar 2017 the market infrastructure status to affordable stemming from political crisis and
housing and change in the holding natural calamities.
National Outlook 04 Delhi NCR at a Glance 08 Gurgaon & Faridabad 12 period of LTCG tax are expected to
The latter half of 2017 is speculated
spur the market. In tandem with
Snapshot of real estate ambience across Capital price movement in key micro- Key highlights - Gurgaon and Faridabad’s to see realty bounce back, provided
top 8 metro cities markets of Delhi NCR capital and rental market the improving buyer sentiment,
the current leakages in the system
listings and page views on 99acres.
are effectively plugged.
com are at an all-time high, with
Market Indicators 05 Delhi 09 Demand-Supply Analysis 13 the site having almost 60% page
Changes in capital rates and inventory Key highlights - Delhi’s capital and rental Demand-supply trends of residential view share* and 48% time share**
status QoQ; and rental values YoY market in Jan-Mar 2017 apartments in Jan-Mar 2017 against players in the same space.
Data source: SimilarWeb Narasimha Jayakumar
*Page View Share is the market At a city-level, Delhi NCR and Chief Business Officer
Annexures 14
share of total webpages viewed
on site Mumbai saw minimal changes in 99acres.com
**Time Share is the market share
of total time spent on site
property prices, restricted new
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National Outlook Market Indicators

HOME BUYING SENTIMENT Capital Values Rental Values Supply

Union Budget 2017-18 triggered a positive wave after a nationwide slowdown

gripped the market post currency ban. A recovery in enquiries and transactions
across metros reflects a revival in homebuyer interest. Ready units in the BANGALORE
affordable housing segment garnered maximum traction.

DELHI NCR

PROPERTY PRICES MUMBAI

Popularity of low-budget homes proliferated due to focus on mass housing.
Property prices remained under pressure as developers prioritised offloading
existing stock and retreated from launching new projects at revised prices.
CHENNAI
Bangalore and Hyderabad narrated better stories than other metros.

PUNE

HYDERABAD
RENTAL LANDSCAPE
Prospective homebuyers refrained from finalising purchase decisions due to
uncertain market conditions and hopes of further price correction. The rental KOLKATA
business, subsequently, benefited. Average ‘asks’ across metros, barring Pune
and Chennai, received a fillip, YoY.
AHMEDABAD
* Capital values represent quarterly change * Rental values represent yearly change * Supply is basis properties listed on 99acres.com

SUPPLY
New launches contracted further due to partial implementation of RERA,
uncertainty over GST Bill, and a mammoth inventory overhang across metros.
Supply in the secondary market soared following demonetisation, as investors
made desperate attempts to exit real estate equity.
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Budget & Realty Market Movers

Affordable housing receives Infrastructure sector gets a New public infrastructure for Gurgaon and
infrastructure status shot in the arm Manesar
Availability of funds at lower interest Recognising the role that infrastructure Construction of a master road connecting key sectors in
rates and associated tax sops would plays in spurring economic Gurgaon would lend an edge to the residential belt, while an
propel developers to build more economical units. The growth, the central government earmarked alternative route linking Southern Peripheral Road (SPR) and
allowance of 100 percent tax deduction for affordable Rs 3.9 lakh crore for the development of roadways, NH-8 would ease traffic on Delhi-Gurgaon Expressway. Metro
housing projects delivered within five years instead of railways, metro and airways. Thrust to the connectivity network between Gurgaon and Manesar is also on the cards.
the earlier mandate of three years would also help bridge quotient is anticipated to translate into huge benefits for
the lacunae of 20 million houses in the time to come. realtors and investors alike.
Ghaziabad devises a Rs 2,200 crore Smart
City proposal
Including Vaishali and Vasundhara in its proposal, Ghaziabad
aims to contest the Smart City competition with intelligent
Rural housing grabs the Homebuyers to benefit traffic management system, surveillance cameras and
limelight from subsidies provision for e-bicycles.
A colossal amount of Rs 23,000 crore has The government announced subsidies
been allocated under Pradhan Mantri Awas of three and four percent for buyers
Yojana (PMAY) and Rs 19,000 crore towards the Pradhan opting for home loans worth Rs 12 lakh and Haryana launches property tax rebate
Mantri Gram Sadak Yojana (PMGSY). While the former Rs 9 lakh, respectively. Loan applicants, however, need to scheme in Gurgaon
targets replacement of 1 crore kachha houses by 2019, have an annual income under Rs 18 lakh and Rs 12 lakh.
Offering a major incentive to home owners, Haryana
the latter aims to improve the connectivity of all rural Further, they must invest in properties having a carpet
announced a 25 percent refund and a one-time interest
habitations of the country. area equal to or less than 600 sq ft and 900 sq ft. This
waiver on tax dues till the end of the fiscal, as well as a one
would mean a relief of over Rs 2 lakh for property buyers.
percent discount on digital payments.

Civic infra receives a Rs 48,000 crore thrust

in Delhi budget
Holding period for LTCG Changes in tax norms for
The government earmarked over Rs 7,500 crore for civic
tax reduces multiple property owners
` bodies, while allotting more than Rs 1,100 crore to Delhi
The holding period for long term capital The tax deduction available on
Metro and Rs 2,100 crore for the construction of solar energy
gains (LTCG) tax has been reduced from loan repayment for a second
and waste-to-energy plants.
three years to two years. Until now, home owners would home has been limited to a maximum of
have to hold on to their property for at least three years Rs 2 lakh. Until now, there was no ceiling on the tax
to avoid short term capital gains tax, which has a higher deduction for investing in second homes. This might
Delhi aims to develop EWS housing
tax implication than LTCG tax. discourage investors from investing in multiple properties.
The state government is set to construct over 6,100 affordable
houses in Ambedkar Nagar, Mangolpuri, Lajpat Nagar and Dev
Nagar for Economically Weaker Sections (EWS).
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DELHI
Delhi NCR at a Glance Realty sentiment in Delhi remained meek with capital price points maintaining status quo, QoQ. However, there could be brighter
days ahead on account of the proposed contraction of the Lutyens Bungalow Zone (LBZ) and the Delhi Budget giving a massive
thrust to civic infrastructure. Delhi Development Authority’s (DDA) plan to spend Rs 8,400 crore on land development and
new housing schemes will boost the availability of fresh units in the otherwise saturated landscape. The ever-expanding metro
network and ongoing road redevelopment projects are anticipated to further catalyse Delhi’s realty fortunes.
Price movement in key micro-markets

Lo ca l i ty Ave rage ‘Ask ’ Rate QoQ YoY

(Pe r sq f t ) Change Change Key Highlights
G olf C ou rs e Ex t. Ro a d 7 , 0 0 0 -8 , 1 0 0 -2 % -4 % Lack of fresh inventory, distrust among consumers due with majority of the residential locales continuing
to litigations and infrastructure delays decelerated to remain oppressed owing to civic and road
G olf C ou rs e Ro a d 1 1 , 0 0 0 -1 2 , 7 0 0 -5 % -6 % growth in Delhi and kept capital rates under pressure infrastructure woes.
for the fifth consecutive quarter.
NH -8 H ighway 4 , 5 0 0 -5 , 3 0 0 0 % -3 % The rental landscape of Delhi, on the other
Braving the challenges, Shalimar Bagh and Hauz hand, remained relatively better, climbing by
No id a E x te ns i o n 3 , 0 0 0 -3 , 5 0 0 -1 % 1%
Khas Enclave reclaimed their positions on the top an average of two percent in Jan-Mar 2017, as
S e ctor-74, N o i da 4 , 5 0 0 -5 , 1 0 0 -1 % -4 % performers’ chart, clocking a quarterly growth of compared to the same quarter in 2016. This echoed
three percent, each. While power infrastructure buyers’ withdrawal from the capital market in
S e ctor-78, N o i da 4 , 7 0 0 -5 , 5 0 0 -4 % 0% upgrades worked in favour of Shalimar Bagh, the anticipation of price correction.
builder floor segment of Hauz Khas Enclave continued
S o hna Road 6 , 0 0 0 -7 , 7 0 0 -3 % -1 % to earn brownie points as a result of the ongoing The western quadrant of Delhi led the rental graph
redevelopment drive. with average weighted rates rising by four percent,
Uttam Naga r 3 , 2 0 0 -3 , 9 0 0 -3 % -3 % YoY, followed by the east, north and south zones, each
Centre’s demonetisation move flattened luxury of which reported a yearly surge of two percent.
Vaish ali 4 , 5 0 0 -5 , 0 0 0 -2 % -2 %
property rates across the resale-heavy markets
of Delhi. Subsequently, Kirti Nagar in West Delhi Dwarka exhibited healthy rental growth. Rates
Vasundh ara 3 , 8 0 0 -4 , 5 0 0 0 % -1 %
witnessed demand for builder floors going north in in Sectors 4 and 22 increased to the tune of
* Average ‘ask’ rates have been calculated as per listings posted on 99acres.com in the current quarter the first quarter of 2017. 7-8 percent, annually. The appreciation in rents
can be attributed to the new public infrastructure
Meanwhile, only 20 percent of the tracked localities on the cards, which is expected to complement the
in Dwarka witnessed capital growth, albeit minimal, existing metro network.

99ACRES OUTLOOK
The onset of 2017 observed Delhi NCR’s realty slew of public infrastructure projects in Gurgaon, migration
market striving to overcome the challenges posed by of offices to Noida and Greater Noida, and expansion of Top Performers - Capital Market Top Performers - Rental Market
demonetisation and infrastructure delays. After sales Delhi’s horizons might also help revive investor interest.
dropped to its all-time quarterly low since 2010 in Oct- 3% 3% 3% 3% 3% 8% 8%
3 8
Dec 2016, there were slight improvements reported in On the back of improving liveability index and a multitude
7% 7% 7%
transactions in the first quarter of 2017. of incentives for homebuyers announced in Union Budget
2017-18, property sales may improve in the second half of 6

On the new supply front, inventory overhang and the partial 2017. Additionally, governmental endeavours to complete 2

% Change

% Change
implementation of RERA regulations might restrict new the Delhi-Gurgaon expressway, the Gurgaon-Manesar and
4
launches in the forthcoming months, too. The real estate Noida-Greater Noida metro corridor, and expansion of
scenario of Delhi NCR, nevertheless, is expected to spring affordable housing initiative will go a long way in giving a 1

back to life as incidences of construction delays recede fillip to the residential landscape of Delhi NCR. 2

and infrastructural lacunae are plugged. Introduction of a

0 0
Shalimar K i rti N a ga r Hauz Khas Munirka Laxmi Nagar S ec to r- 4 , Ma hav i r Sector-22, Chattarpur Shahadra
Ba g h Enclave Dwa rka E n c l ave Dwarka

Locality Locality

* %change represents quarterly capital movement * %change represents yearly rental movement
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NOIDA AND GREATER NOIDA GHAZIABAD

Buyers eluded Noida and Greater Noida markets last year due to lack of confidence, varied legal battles and speculations over Mirroring the low-lying sentiment in Delhi NCR, average weighted prices of homes in Ghaziabad declined marginally in Jan-Mar
price correction. However, with comparatively fewer launches and more focus on completing ongoing projects, market sentiment 2017, vis-à-vis Oct-Dec 2016. The Smart City proposal and allotment of Rs 100 crore for infrastructure development in the last
seems to be improving. The biggest cause of worry remains a soaring inventory stockpile of around one lakh units. However, the quarter failed to bring cheer to the city’s real estate story as certain pockets in Ghaziabad remained fraught with issues such as
first Greater Noida metro corridor, which is expected to run from December 2017, and the amendment of building byelaws for overflowing drains and traffic congestions. The demolition drive at Gulmohar Green Society added fuel to fire.
enhanced fire safety, might steer the cities towards a realty revival.

Key Highlights Key Highlights

The capital graphs of both Noida and Greater Noida The rental scenario of Noida and Greater The dullness in Ghaziabad’s realty landscape was movements. Proximity to the business hub of Sectors
continued their downward trajectory in Jan-Mar Noida delineated a contrasting tale. While slightly dissipated by infrastructural initiatives such as 62 and 63, coupled with robust public infrastructure,
2017, albeit by an insignificant margin. Homebuyers Greater Noida projected an annual increase of the metro link from Dilshad Garden to New Bus Stand, continued to infuse cheer in the housing market of
persisted in their wait-and-watch approach, although three percent in rents, Noida’s graph dwindled grade separator on GT Road and the elevated road these localities.
investors took cognisance of the fact that prices are by the same margin in Jan-Mar 2017, vis-à-vis the from UP Gate to Raj Nagar Extension.
at an all-time low, leading to a slight improvement in same quarter in 2016. Abhay Khand and Nyay Khand I in Indirapuram and
sales volume as compared to the previous quarter. Only a quarter of the tracked localities in Ghaziabad Kaushambi reprised their positions on the leasing
Comparative affordability, robust connectivity via the witnessed a positive price movement of 1-2 percent in charts with 7-8 percent annual growth, respectively.
Despite the flagging sentiment, certain residential expressway and increased absorption in office spaces Jan-Mar 2017, as compared to the preceding quarter. High liveability index and improvement in civic
pockets – Sectors 121 and 151 in Noida, and Sectors Pi have bolstered demand for rental accommodations The end-user preference for affordable homes was facilities ensured flow of demand from the tenant
and Zeta in Greater Noida – bagged a capital growth of in Greater Noida. Almost 60 percent of the tracked reiterated by the fact that the per sq ft prices in all community to these trans-Hindon localities.
one to three percent in the March ending quarter of localities witnessed growth, while the remaining these residential pockets ranged below Rs 5,000, save
2017, backed by affordability, sturdier infrastructure posted stable rates. Sectors Pi and Zeta were among Ahinsa Khand I in Indirapuram. The capital market of Raj Nagar Extension slumped
and proximity to civic amenities. the frontrunners in the region. by two percent in Jan-Mar 2017, after witnessing a
Riding the wave of new launches in the low-income minimal jump in Oct-Dec 2016. The rental graph of the
Sector 29 in Noida emerged as a frontrunner, Only 20 percent of the tracked localities in Noida housing category, capital values in Siddhartha Vihar locality, too, plunged by a huge margin of 13 percent,
witnessing an uptrend of three percent on the capital depicted a surge in rental values, YoY. Rents in Sectors progressed by two percent, QoQ. Furthermore, YoY. Hopes for improvement in home sentiment
charts for the second consecutive quarter. A high 21, 53 and 93A grew by 7-8 percent as a result of being the announcement that unsold stock in certain now hinge on the service road planned beside
liveability index, resulting from being situated close geographically close to the expressway, commercial residential projects will benefit from Pradhan Mantri NH-58 and developers’ converting their existing
to renowned marketplaces, medical centres and retail centres and business hubs. Awas Yojana (PMAY) interest subvention scheme, projects into affordable ones by capping the maximum
malls, has ensured healthy demand from end-users. benefited the locale. unit size at 60 sq m.

The residential pockets of Indirapuram – Niti Khand

II and Shakti Khand IV – boasted of positive price

Top Performers - Capital Market Top Performers - Rental Market Top Performers - Capital Market Top Performers - Rental Market

3% 3% 8% 2% 8% 8%
3 8 2 8

7% 7% 7%

6% 6%
6 6

% Change
% Change

% Change
% Change

1% 1% 1% 1%
4 1 4

1% 1% 1%
1
2 2

0 0 0 0
Sector-29, Sector-Pi, Sector ZETA, Sector-121, Sector-151, Sector-53, Sector-21, Sector-93 A, Sector ZETA, Sector-Pi, Siddhartha Sahibabad Govind Puram Niti Khand 2 Shakti N yay Abhay Kau s hamb i
Noida Gr Noida Gr Noida Noida Noida Noida Noida Noida Gr Noida Gr Noida Vihar Khand 4 K ha nd 1 K ha nd

Locality Locality Locality Locality

* %change represents quarterly capital movement * %change represents yearly rental movement * %change represents quarterly capital movement * %change represents yearly rental movement
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GURGAON, FARIDABAD, BHIWADI & DHARUHERA DEMAND-SUPPLY ANALYSIS

The impact of demonetisation became conspicuous in Gurgaon’s real estate in Jan-Mar 2017, with capital values inching As dwindling new launches, inventory overhang and stagnancy in infrastructural upgrades continued plaguing Delhi NCR’s realty,
downwards. However, the enactment of Real Estate (Regulation and Development) Act and its promise of transparency, price implementation of RERA and Benami Transactions (Prohibition) Act coupled with city-specific policy revisions, offered a ray of hope.
correction in the luxury segment and numerous ongoing and proposed road infrastructure projects are keeping hopes of revival New launches, nonetheless, were meek in the wake of partial implementation of RERA and a lopsided demand-supply equation.
alive. Faridabad’s realty, however, continued to tread the grim realty path, reporting a dip of two percent in capital rates, QoQ.
Key Trends
Key Highlights The waning buyer sentiment became apparent in all
zones – Noida, Greater Noida, Ghaziabad, Gurgaon
End-users’ penchant for reasonably-priced homes Housing prices across Alwar-Bhiwadi Road notched up and Faridabad – save Delhi, as demand for apartments
was visible in the comparatively expensive NCR minimally in Jan-Mar 2017, after reporting a stable declined by 1-2 percent in Jan-Mar 2017, vis-à-vis Oct-
zone - Gurgaon. Almost all the localities featuring in capital graph in Oct-Dec 2016. Average ‘asks’ across Dec 2016. Delhi, however, maintained status quo with Distribution of Residential Apartments
the top performers’ graph held a per sq ft price tag of Alwar Bypass Road, however, witnessed a marginal dip respect to uptake of properties.
around Rs 6,200-6,400 per sq ft. despite the presence of affordable projects.
The incessant delays in project completion ensured UC RTM Demand UC RTM Supply
Sector 107 in Gurgaon held the baton of progressive The rental landscapes of Gurgaon and Faridabad had that over 90 percent of the buyer community
capital charts, clocking a surge of five percent happier stories to narrate with values jumping by two gravitated towards ready-to-move-in homes in Delhi
25
in prices, QoQ, after reporting a three percent jump percent and three percent, respectively, over the last and Ghaziabad. Noida, Greater Noida and Gurgaon
22%
in Oct-Dec 2016. Improving road infrastructure one year. Nearly 50 percent of the tracked localities agglomerations, however, exhibited a comparatively 20% 20% 20% 20%
translated into greater traction from the in Gurgaon reported an annual growth between three higher preference for under-construction properties, 20 19%
18%
homebuyer community. percent and 13 percent, YoY. drawing nearly one-fourth of the total demand. 17%

15
While Sector 73 in Gurgaon reclaimed its position As buyers and investors retreated from the capital Popularity of affordable (within Rs 40 lakh) and mid- 13% 13%

among the best performing localities with an average market, the whopping rental surge of 13 percent in income (Rs 40-60 lakh) properties surpassed all other 10%
10
weighted growth of four percent, Sectors 49, 73 and Sector 33 did not come as a surprise. DLF City Phase V categories, cumulatively bagging 60 percent of the
9%
8%
93, too, boasted of property values increasing by the continued to bag a nine percent growth on the rental market. The demand-supply equilibrium in these two 7% 7%
5%
same margin over the last two quarters. charts for the second consecutive quarter. brackets remained skewed as the availability of houses 5

failed to satiate homebuyers’ appetite.

Capital values in Faridabad dipped for the fourth Builder floors in Sainik Colony and apartments in
0
consecutive quarter, with only 17 percent of the Sector 87, Faridabad, reported a massive increase Among the higher ticket prices, only the luxury Jan-Mar Oct-Dec Jan-Mar Oct-Dec Jan-Mar Oct-Dec Jan-Mar Oct-Dec
2017 2016 2017 2016 2017 2016 2017 2016
tracked residential pockets showcasing signs of in rental values annually, to the tune of 11 percent segment (Rs 1-2 crore) achieved a congruence in Gurgaon,
Noida Ghaziabad
Delhi
growth. Sainik Colony and Sector 91 emerged as the and seven percent, respectively. Despite civic demand and supply. The high-income (Rs 60 lakh-Rs Greater Noida Faridabad, Bhiwadi,
Dharuhera
most popular residential pockets. infrastructure woes, both these localities remained 1 crore) and the ultra-luxury brackets (Rs 2 crore and
buoyant in hopes of better roads in the future. above) reported more houses at disposal than takers. Graph depicts the availability of residential apartments wrt other property types,
QoQ, along with the distribution of under-construction and ready stock

Top Performers - Capital Market Top Performers - Rental Market

Demand Supply
5%
5 14
13% 50

4% 4% 4% 4% 12
4 11%
40
10
9% 9% -10% -7%
-4%
3 8%
30
% Change

% Change

8
0% -1% -3%
6 -4% 10% 9%
2 20 -7% -8% 9%
6%
6%
4 4%
1 10
2

0
0 0 Jan-Mar Oct-Dec Jan-Mar Jan-Mar Oct-Dec Jan-Mar Jan-Mar Oct-Dec Jan-Mar Jan-Mar Oct-Dec Jan-Mar Jan-Mar Oct-Dec Jan-Mar
Sector-107, Sector-49, Sector-73, Sector-93, Sector-104, Sector-33, Sainik Colony Sector-40, DLF City Sector-70, 2017 2016 2016 2017 2016 2016 2017 2016 2016 2017 2016 2016 2017 2016 2016
Gurgaon Gurgaon Gurgaon Gurgaon Gurgaon Gurgaon Gurgaon Phase V Gurgaon
Within Rs 40 Lakh Rs 40-60 Lakh Rs 60 Lakh - Rs 1 Crore Rs 1-2 Crore Rs 2 Crore and Above
Locality Locality

Graph depicts the fluctuation in supply wrt demand for residential properties in various budget categories
* %change represents quarterly capital movement * %change represents yearly rental movement
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Annexure Annexure
CAPITAL VALUES RENTAL VALUES CAPITAL VALUES RENTAL VALUES
DELHI - APARTMENTS DELHI - APARTMENTS NOIDA & GR NOIDA - APARTMENTS NOIDA & GR NOIDA - APARTMENTS

Locality Jan-Mar 2017 % Change Locality Jan-Mar 2017 % Change Locality Jan-Mar 2017 % Change Locality Jan-Mar 2017 % Change

Alaknanda 13175 -4 Alaknanda 25 2 Alpha-I, Gr Noida 4150 0 Noida Extension 8 -11

Dilshad Garden 8825 -2 C R Park 25 0 Sector Chi 5, Gr Noida 3575 -3 Pari Chowk 12 5
Green Park 20975 -1 Chattarpur 16 7 Sector Mu, Gr Noida 3950 -2 Sector Chi, 5 Gr Noida 9 0
Hauz Khas Enclave 24000 3 Dilshad Garden 18 -8 Sector Omega-1, Gr Noida 3900 -1 Sector Mu, Gr Noida 7 0
I P Extension 10600 -5 East of Kailash 28 4 Sector ZETA, Gr Noida 3625 1 Sector ZETA, Gr Noida 9 6
Kailash Colony 16150 -3 Greater Kailash I 32 0 Sector-104, Noida 8350 1 Sector-100, Noida 14 -10
Kalkaji 12700 2 Greater Kailash II 28 4 Sector-107, Noida 5800 -1 Sector-110, Noida 13 -4
Kirti Nagar 10050 3 Green Park Extension 33 3 Sector-110, Noida 5300 -1 Sector-119, Noida 10 -9
Kundli 2875 0 Gulmohar Park 37 0 Sector-113, Noida 4280 0 Sector-120, Noida 11 -8
Lajpat Nagar II 13150 -2 Hauz Khas 33 3 Sector-117, Noida 4720 0 Sector-121, Noida 14 4
Laxmi Nagar 6150 3 I P Extension 20 3 Sector-118, Noida 4117 -2 Sector-128, Noida 15 -3
Mahavir Enclave 5050 1 Janakpuri 19 3 Sector-119, Noida 4850 -2 Sector-137, Noida 11 0
Malviya Nagar 12250 1 Kalkaji 25 0 Sector-120, Noida 5330 -1 Sector-20, Noida 17 6
Mayur Vihar - I 12400 0 Lajpat Nagar IV 28 4 Sector-121, Noida 5050 1 Sector-21, Noida 16 7
Mayur Vihar - II 10900 0 Laxmi Nagar 22 5 Sector-137, Noida 5150 -1 Sector-26, Noida 15 0
Mayur Vihar - III 9050 1 Mahavir Enclave 14 8 Sector-150, Noida 4750 -1 Sector-29, Noida 17 0
Model Town 12050 -2 Malviya Nagar 26 0 Sector-151, Noida 3550 1 Sector-34, Noida 18 -3
Mukherjee Nagar 9500 -5 Mayur Vihar - I 24 2 Sector-28, Noida 7950 -4 Sector-37, Noida 17 -6
Munirka 13150 3 Mayur Vihar - II 20 0 Sector-29, Noida 7760 3 Sector-41, Noida 12 -8
Okhla 4600 1 Paschim Vihar 17 6 Sector-32, Noida 8050 -1 Sector-44, Noida 18 0
Panchsheel Enclave 21925 0 Patparganj 19 3 Sector-34, Noida 7380 -3 Sector-45, Noida 16 3
Patparganj 11050 -3 Pitampura 20 5 Sector-37, Noida 7500 0 Sector-49, Noida 12 -12
Pitampura 10480 -1 Saket 27 0 Sector-50, Noida 7300 -1 Sector-50, Noida 16 -6
Rajouri Garden 9870 -1 Sarita Vihar 19 0 Sector-61, Noida 7380 -2 Sector-51, Noida 16 -3
Sarita Vihar 10000 -2 Sector-10, Dwarka 16 3 Sector-62, Noida 5820 0 Sector-52, Noida 16 0
Sarvpriya Vihar 21675 0 Sector-13, Rohini 21 3 Sector-72, Noida 2950 1 Sector-53, Noida 14 8
Sector-12, Dwarka 8450 -4 Sector-18, Dwarka 15 4 Sector-73, Noida 3200 -3 Sector-61, Noida 15 -6
Sector-14, Dwarka 8020 1 Sector-19, Dwarka 15 4 Sector-74, Noida 5120 -1 Sector-76, Noida 13 -4
Sector-17, Dwarka 7050 -1 Sector-22, Dwarka 15 7 Sector-75, Noida 4800 -2 Sector-77, Noida 12 0
Sector-18, Dwarka 8350 -2 Sector-24, Rohini 16 7 Sector-76, Noida 4975 -2 Sector-78, Noida 12 0
Shahadra 5300 2 Sector-4, Dwarka 14 8 Sector-77, Noida 5725 -1 Sector-82, Noida 12 -8
Shalimar Bagh 9500 3 Shahadra 16 7 Sector-93A, Noida 6980 0 Sector-93 A, Noida 16 7
Uttam Nagar 3975 -3 Uttam Nagar 13 0 Sector-93B, Noida 7725 0 Sector-93 B, Noida 17 -3
Vasant Kunj 13280 -3 Vasant Kunj 27 6 Sector-Pi, Gr Noida 3900 3 Sector-Pi, Gr Noida 10 6
Vikas Puri 8920 -3 Vikas Puri 17 3 Yamuna Expressway 3450 0
 INSITE : DELHI NCR
99 acres 99 acres INSITE : DELHI NCR
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17

Annexure CAPITAL VALUES

Annexure
CAPITAL VALUES GURGAON, FARIDABAD, BHIWADI,
CAPITAL VALUES CAPITAL VALUES
GHAZIABAD - APARTMENTS DHARUHERA - APARTMENTS GURGAON, FARIDABAD, BHIWADI, GURGAON, FARIDABAD, BHIWADI,
DHARUHERA - APARTMENTS DHARUHERA - APARTMENTS
Locality Jan-Mar 2017 % Change Locality Jan-Mar 2017 % Change
Locality Jan-Mar 2017 % Change Locality Jan-Mar 2017 % Change
Abhay Khand 5600 0 Alwar-Bhiwadi Road 2750 1
Sector-112, Gurgaon 5850 -2 Sector-78, Gurgaon 5400 3
Ahinsa Khand 1 6250 1 Ardee City 6750 -5
Sector-22, Gurgaon 9850 -1 Sector-80, Gurgaon 5300 0
Ankur Vihar 2700 -5 Charmwood Village 7900 -1
Sector-24, Gurgaon 12400 1 Sector-81, Gurgaon 5425 2
Bhopura 3030 -2 DLF City Phase II 10100 4
Sector-27, Gurgaon 11875 -1 Sector-82A, Gurgaon 5850 3
Crossing Republik 3500 -1 DLF City Phase IV 11630 1
Sector-28, Gurgaon 11100 -2 Sector-83, Gurgaon 5100 -2
Govind Puram 2350 1 DLF City Phase V 12325 -1
Sector-30, Gurgaon 11520 -1 Sector-84, Gurgaon 4400 -3
Kaushambi 5850 -1 Golf Course Ext. Road 8100 -2
Sector-31, Gurgaon 10230 1 Sector-85, Gurgaon 4725 -1
Mohan Nagar 4700 -2 Golf Course Road 12600 -5
Sector-33, Gurgaon 7300 -4 Sector-86, Gurgaon 4500 -1
NH-24 Highway 2930 -1 Greenfield Colony 3400 -6
Sector-37C, Gurgaon 4600 0 Sector-89, Gurgaon 5000 4
Niti Khand 2 4700 1 Gurgaon-Faridabad Road 6825 -5
Sector-37D, Gurgaon 4750 0 Sector-90, Gurgaon 4580 -2
Raj Nagar Extension 3250 -2 Manesar 4400 -3
Sector-43, Gurgaon 8825 0 Sector-91, Gurgaon 4400 0
Ramprastha 6400 -2 MG Road 11775 -1
Sector-45, Gurgaon 8000 2 Sector-92, Gurgaon 4370 -1
Sahibabad 4350 1 Nehar Par 3520 -2
Sector-47, Gurgaon 8500 2 Sector-93, Gurgaon 3700 4
Shakti Khand 4 4800 1 Sainik Colony 4000 3
Sector-48, Gurgaon 9550 2 Sector-99, Gurgaon 4450 -4
Shalimar Garden 3800 -3 Sector-49, Faridabad 3750 -3
Sector-49, Gurgaon 9220 4 Sohna Road 7700 -3
Siddhartha Vihar 4075 2 Sector-75, Faridabad 3175 -2
Sector-50, Gurgaon 7900 -3 Southern Peripheral Road 6200 2
Vaishali 4550 -2 Sector-76, Faridabad 3000 2
Sector-51, Gurgaon 7600 -6 Sun City 12300 0
Vasundhara 4200 0 Sector-77, Faridabad 3020 -3
Sector-53, Gurgaon 11930 3
Sector-78, Faridabad 3450 -2
Sector-54, Gurgaon 13700 1
RENTAL VALUES
Sector-81, Faridabad 2600 -2 GURGAON, FARIDABAD, BHIWADI,
Sector-56, Gurgaon 7275 -1 DHARUHERA - APARTMENTS
Sector-82, Faridabad 3980 -1
RENTAL VALUES Sector-58, Gurgaon 10850 0 Locality Jan-Mar 2017 % Change
GHAZIABAD - APARTMENTS Sector-86, Faridabad 3650 -2
Sector-59, Gurgaon 9600 -1
Sector-87, Faridabad 3380 -2
Locality Jan-Mar 2017 % Change Sector-60, Gurgaon 8680 0 Alwar Bypass Road 7 0
Sector-88, Faridabad 3580 -1
Sector-61, Gurgaon 8470 -2 Ashoka Enclave 10 0
Abhay Khand 13 8 Sector-89, Faridabad 2950 -3
Sector-62, Gurgaon 7770 -3 Charmwood Village 19 0
Ahinsa Khand 1 13 -7 Sector-91, Faridabad 3050 3
Sector-65, Gurgaon 7350 0 DLF City Phase I 18 0
Ahinsa Khand 2 12 -4 Sector-102, Gurgaon 5375 -4
Sector-66, Gurgaon 8250 -4 DLF City Phase II 23 5
Crossing Republik 8 0 Sector-103, Gurgaon 4430 1
Sector-67, Gurgaon 7470 -3 DLF City Phase III 22 5
Kaushambi 15 7 Sector-104, Gurgaon 6280 4
Sector-68, Gurgaon 6000 -4 DLF City Phase IV 25 4
NH-24 Highway 8 0 Sector-106, Gurgaon 5370 0
Sector-69, Gurgaon 5780 0 DLF City Phase V 25 9
Nyay Khand 1 13 8 Sector-107, Gurgaon 5000 5
Sector-70, Gurgaon 6475 -3 Golf Course Ext. Road 17 6
Raj Nagar Extension 7 -13 Sector-108, Gurgaon 5850 3
Sector-71, Gurgaon 6525 -2 Golf Course Road 25 -4
Vaibhav Khand 13 -4 Sector-109, Gurgaon 5300 -2
Sector-72, Gurgaon 7400 2 Gurgaon-Faridabad Road 15 0
Vaishali 14 0 Sector-110, Gurgaon 6125 0
Sector-73, Gurgaon 4800 4 Nirvana Country 17 6
Vasundhara 11 0 Sector-111, Gurgaon 7730 1
Sector-77, Gurgaon 4700 -5 Palam Vihar 19 3
 INSITE : DELHI NCR
99 acres
18 India’s No.1 Property Portal

Annexure
RENTAL VALUES
CAPITAL VALUES
GURGAON, FARIDABAD, BHIWADI,
DHARUHERA - APARTMENTS DELHI NCR - LAND

Locality Jan-Mar 2017 % Change Locality Jan-Mar 2017 % Change

Sainik Colony 10 11 Ballabhgarh 900 3

Sector-110A, Gurgaon 14 -7 BPTP 2350 -4
Sector-14, Gurgaon 18 0 Chi - Phi 2350 0
Sector-15, Gurgaon 15 0 Delta II, Gr Noida 4450 -3
Sector-22, Gurgaon 14 -7 Delta III, Gr Noida 2550 -2
Sector-23, Gurgaon 15 4 DLF City Phase I 14200 0
Sector-27, Gurgaon 20 3 DLF City Phase III 10800 -5
Sector-33, Gurgaon 18 13 Lal Kuan 1200 4
Sector-38, Gurgaon 17 0 Loni 2200 2
Sector-40, Gurgaon 18 9 New Palam Vihar 3450 0
Sector-43, Gurgaon 20 5 NH-58 Highway 1150 5
Sector-45, Gurgaon 15 0 NH-91 Highway 1000 0
Sector-46, Gurgaon 17 6 Palam Vihar 7125 -7
Sector-49, Gurgaon 20 0 Sector 62, Faridabad 2350 0
Sector-50, Gurgaon 18 6 Sector 64, Faridabad 3050 -2
Sector-51, Gurgaon 16 -6 Sector 65, Faridabad 2900 0
Sector-52, Gurgaon 16 -6 Sector P-3, Gr Noida 3900 1
Sector-54, Gurgaon 21 -5 Sector-105, Noida 8600 -2
Sector-55, Gurgaon 14 0 Sector-108, Noida 7800 -3
Sector-56, Gurgaon 15 0 Sector-116, Noida 5500 -2
Sector-57, Gurgaon 15 0 Sector-133, Noida 5850 -3
Sector-58, Gurgaon 21 5 Sector-15A, Noida 32600 -2
Sector-70, Gurgaon 14 8 Sector-2, Gr Noida 3300 -4
Sector-71 Gurgaon 14 8 Sector-23, Gurgaon 7350 1
Sector-72 Gurgaon 16 7 Sector-3, Gr Noida 3300 -3
Sector-78, Faridabad 12 0 Sector-30, Noida 12970 -3
Sector-82, Gurgaon 8 -6 Sector-38, Gurgaon 9067 -2
Sector-83, Gurgaon 7 0 Sector-44, Noida 13720 -5
Sector-87, Faridabad 8 7 Sector-46, Gurgaon 9000 1
Sector-88, Faridabad 7 0 Sector-47, Noida 10875 -4
Sohna Road 21 3 Sector-48, Noida 8000 -1
South City 1 16 -6 Sector-55, Gurgaon 7600 -4
South City 2 16 -6 Sector-57, Gurgaon 6475 -6
Sushant Lok Phase 1 19 0 Sector-63, Noida 4960 0
Sushant Lok Phase 2 16 3

*All prices are per sq ft rates *Capital change depicts quarterly alterations in average ‘asks’ *Rental change depicts yearly alterations in average ‘asks’
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