This is our third edition of the flagship half yearly report - India Real Estate. It presents a comprehensive analysis of the residential and office market performance of the Kolkata Region for the period between January–June 2015 (H1 2015).

1. KOLKATA
RESIDENTIAL
JANUARY TO JUNE 2015

2. RESIDENTIAL
MARKET holds
under pressure
Will Kolkata’s residential market remain steady or is there a
decline envisaged?
Will there be a growth in prices?
Will the office market rebound to support the residential segment?

3. NEW LAUNCHES DROP MARGINALLY IN
H1 2015 Y-O-Y
12,033
7,742
8,444
11,891
8,372
8,895
7,050
6,390
6,245
5,883
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
H1 2013 H2 2013 H1 2014 H2 2014 H1 2015
No.ofunits
Launches Sales

4. PRICES DECLINE BY 3%
3,352
3,467
3,614
3,514
3,495
3000
3100
3200
3300
3400
3500
3600
3700
H1 2013 H2 2013 H1 2014 H2 2014 H1 2015
INR/sq.ft
Wt. Avg. Price (RHS)

5. PERIPHERAL
LOCATIONS IN NORTH
AND SOUTH WITNESS
GROWTH

6. RAJARHAT, EXCLUDING
NEW TOWN, MOST
AFFORDABLE IN
H1 2015

7. 59% OF NEW LAUNCHES BELOW
INR 2.5 MN IN RAJARHAT
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
<`2.5 mn `2.5-5 mn `5-7.5 mn `7.5-10 mn >10 mn
Central East North Rajarhat South
INR

8. BT ROAD IN NORTH
WITNESSING INTEREST
DUE TO UPCOMING
EXTENSION OF METRO
RAIL AND GOOD
CONNECTIVITY WITH SALT
LAKE SECTOR V

9. RAJARHAT THE BEST PERFORMING
MARKET, WHILE SOUTH KOLKATA SUFFERS
5
6
7
8
9
10
10 11 11 12 12 13 13 14 14 15 15
AgeofInventory
QTS
CENTRAL
EAST
RAJARHAT
NORTH
SOUTH

10. PREMIUM MARKET WITH
APARTMENTS MORE THAN
INR 1.5 CRORE
REFLECTS OVERALL CITY
TREND

11. LAUNCHES AND WEIGHTED AVERAGE
PRICES CONTRACT WHILE SALES
STRIVES TO HOLD STEADY597
449
255
773
148
403
284
220
284
246
9,238
9,590
9,771
9,631
9,511
8900
9000
9100
9200
9300
9400
9500
9600
9700
9800
9900
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2200
H1 2013 H2 2013 H1 2014 H2 2014 H1 2015
Numberofunits
Launches Sales Wt. Avg. Price (RHS)

12. OVERALL CITY AS WELL
AS PREMIUM MARKET
WILL TAKE A LITTLE OVER
4 YEARS TO EXHAUST THE
UNSOLD UNITS

13. PREMIUM MARKET SALES TO CATCH UP
WITH CITY’S SALES
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
11.0
12.0
13.0
14.0
15.0
Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15
No.ofquarters
PREMIUM MARKETS
KOLKATA CITY

14. MARKET SENTIMENTS TO
IMPROVE IN THE NEXT 6
MONTHS DUE TO AMPLIFIED
OFFICE SPACE DEVELOPMENT,
A RISE IN OFFICE SPACE
ABSORPTION AND INCREASED
HIRING ACTIVITY

15. OUTLOOK FOR THE NEXT 6 MONTHS
LAUNCHES
(UNITS)
SALES
(UNITS)
WEIGHTED
AVERAGE PRICE
(INR/SQ FT)
H2 2014 11,891 6,245 3,514
H1 2015 8,372 5,883 3,495
H2 2015 E 9,523 5,993 3,520

16. HOW DOES KOLKATA
STAND COMPARED TO
OTHER CITIES

17. LAUNCHES- KOLKATA LARGER MARKET
THAN HYDERABAD AND AHMEDABAD
H1 2014 H2 2014
MUMBAI 35,512 26,833
NCR 35,500 37,643
BENGALURU 35,545 32,589
PUNE 16,883 16,700
CHENNAI 11,377 7,318
KOLKATA 8,444 11,891
HYDERABAD 7,899 5,151
AHMEDABAD 9,021 4,991
H1 2015
BENGALURU 21,400
MUMBAI 18,887
PUNE 12,762
NCR 11,360
CHENNAI 9,102
KOLKATA 8,372
AHMEDABAD 8,062
HYDERABAD 5,457

18. ABSORPTION- KOLKATA SEES LEAST
H1 2014 H2 2014
MUMBAI 31,210 36,505
NCR 28,500 12,075
BENGALURU 27,256 28,445
PUNE 14,719 20,150
CHENNAI 10,315 10,643
AHMEDABAD 10,472 8,019
HYDERABAD 7,282 7,829
KOLKATA 6,390 6,245
H1 2015
MUMBAI 28,446
BENGALURU 22,234
PUNE 15,524
NCR 14,250
CHENNAI 9,091
AHMEDABAD 7,751
HYDERABAD 7,123
KOLKATA 5,883
SALES AMONG 8 CITIES

19. KOLKATA PRICES ON A STEADY PATH
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Rs/sqft
MUMBAI
PUNE
AHMEDABAD
HYDERABAD
KOLKATA
NCR
BENGALURU
CHENNAI

20. KOLKATA ONE OF THE YOUNGEST
MARKETS; LEAST AGE OF INVENTORY
5
7
9
11
13
15
5 7 9 11 13 15 17 19
Ageofunsoldinventoryinquarters
QTS
MUMBAI
PUNE
AHMEDABAD
HYDERABAD
KOLKATA
NCR
BENGALURU
CHENNAI

21. KEY TAKEAWAYS
KOLKATA
MARKET UNDER PRESSURE; SALES
HOLDING ON

22. KOLKATA
REAL
ESTATE
JANUARY TO JUNE 2015