Bengaluru oct-dec-2014

It’s a new calendar year and Magicbricks wishes all its readers a Very
Happy 2015. It’s been a year where subdued sentiments in the property
markets gave rise to euphoria over Prime Minister Modi’s conclusive win
in the General Elections and then settled into a subdued mode again.
In its 15th edition, PropIndex reflected the reality of the real estate
market in India which clearly gave a green signal for affordability and
value for money. This was in line with the government’s agenda of
promoting ‘Housing for All by 2022’.
City indices remained fairly stable. Riding high on the ‘Modi’ factor
Ahmedabad recorded the highest rise of 3 per cent in the City Index
values. The Delhi City Index continued to drop (1%) indicating slow
uptake in the market.
At the macro level, properties in the affordable or mid-segment ranges
were clearly a popular choice. The budget range of Rs 20-40 lakh saw a
rise across cities except in Delhi, Gurgaon and Kolkata. In line with this
trend, the 1BHK category saw a rise in demand across all cities. Delhi and
Gurgaon saw a rise in demand for 2BHK units as well. As the capital
markets regained momentum post the formation of the new government
at the Centre, rental markets were subdued in the Oct-Dec 2014 quarter.
Almost 40-50 per cent of the tracked localities in each city recorded a
drop in values.
After a dull year, 2015 is expected to bring with it new and positive
changes in the sector. The year is going to be crucial as this is the time
when the Government’s promises would actually be put into practice.
Do write in at Sudhir.pai@timesgroup.com and share yours views on this
report and how we could make PropIndex even better. You may also share
your opinion with #PropIndex on our Twitter handle @magicbricks or
connect with us on Facebook at www.facebook.com/magicbricksTOI.
FOREWORD
Sudhir Pai
Business Head, Magicbricks.com

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along with tables
provided for Listed Price
Monitor, Rent Monitor,
Yield Monitor and
Capital Values, gives an
excellent perspective of
the property market
performance in the
quarter.
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METHODOLOGY

There is a wealth of information within these pages. For better readability, we have presented some data as tables
and others as graphs. Between them, you will find how property markets have performed in the Oct-Dec 2014
quarter from different perspectives – from that of capital appreciation, from a rental/yield realisation
perspective and from a supply standpoint. Demand Analysis section also explains what consumers look for.
We recommend that you evaluate the city report in its entirety and that will provide a rounded perspective of the
performance of the property market within each city. Here are the details of what you will find in each of the city
reports enclosed within:
1. City Property Index – This is a composite index which is a function of supply of properties as well as the
average capital appreciation/drop in various localities of the city in the quarter. The city index is the
weighted average of the average rate per square foot in that locality and the supply of properties from that
locality. Premium localities (with higher average rate per square foot) as well as localities with higher supply
of properties will have a bigger impact on the Index. For example, if the supply of properties from a
premium locality drops, that locality will end up having a lower weightage in the index which in turn will
push the Index downwards (and vice-versa). On the other hand, supply of properties remaining unchanged,
the Index will be influenced by capital appreciation within the locality.
2. Listed Price Monitor – This metric shows the capital appreciation/drop within a locality and is calculated
on the basis of movement in the “average rate per square foot” within that locality. By and large, the
movement in the “average rate per square foot” reflects capital appreciation/drop. However, in a few select
cases, we have observed that the average rate per square foot moves due to a change in the mix of apartments
within that locality (e.g. if the ratio of premium apartments, which command a higher per square foot rate,
changes over the quarter). In these few circumstances, the Listed Price Monitor will, in turn, reflect this
input. Such changes have been explained in the text of the City Reports.
3. Rent Monitor – This reflects the rental appreciation/drop within a locality. It is calculated on the basis of
movement in the “average rent per square foot” within that locality. By and large, the movement in the
“average rent per square foot” reflects rental appreciation/drop. However, in a few select cases, we have
observed that the average rent per square foot moves due to a change in the mix of apartments within that
locality (e.g. if the ratio of premium apartments, which command a higher per square foot rent, changes over
the quarter). In these few circumstances, the Rent Monitor will, in turn, reflect this input. Such changes have
been explained in the text of the City Reports.
4. Yield Meter – Yield is the annual rate of return earned on property. The Yield Meter depicts the gross yield
percentages across various localities. Gross yield is a ratio of average annual rental value to the average
capital value of the property.
5. Capital Value Tables (given in Annexures) – This shows the actual range of prices within which properties
were available in each locality in the quarter. Prices are shown in Rupees per square foot basis, these are the
prevailing rates for properties in each locality.
6. Demand Analysis – This analysis of consumer demand is based on searches and requirements that users
have performed on Magicbricks.com. The top localities by demand gives an insight into consumer
peferences. The demand data has been used to arrive at various aspects of consumer requirements including
Budget-wise analysis, Property type analysis and BHK configuration analysis. This section also provides a
comparison between demand and supply in the Apr-Jun 2014 and Jul-Sep 2014 quarters.
7. Editorial Speak – PropIndex has gone from strength to strength – adding more analytics, insights and
diverse views in every edition. To enhance the insights provided by our data PropIndex now includes city
perspectives from editors of Times Property.
GLOSSARY & DEFINITIONS

OCT-DEC 2014
In the Oct-Dec 2014 quarter, the
National Property Index (NPI)
rose by 1 per cent over the
previous quarter. Out of the
11 cities tracked in India, seven
posted a rise of 1-3 per cent in the
City Index value. This kept the
NPI positive.
Ahmedabad posted the maximum
rise of 3 per cent in the City
Index, followed by Kolkata,
Chennai and Hyderabad which
recorded a rise of 2 per cent.
Bengaluru, Pune and Noida noted
merely 1 per cent rise. However,
Gurgaon and Ghaziabad remained
unchanged. Delhi and Mumbai,
the major metropolitan cities, saw
a drop in the City Index value by
1 per cent.
The National Consumer Budget
preference graph shows that
demand for properties in the
range of Rs 20-50 lakh remained
strong and increased by 3 per cent
in the last six months. On the
other hand, properties in the mid
(Rs 70-100 lakh) to premium
segment (Rs 1 crore and Above)
noted a drop of 1-2 per cent.
Overall, active supply remained
passive and recorded a nominal
drop of 2 per cent. Cities such as
Mumbai, Kolkata and Gurgaon
recorded the maximum drop in
active supply.
No reduction in home loan rates
by RBI and drop in property buyer
sentiments in the last few months
kept property buyers at a wait-
and-watch mode. This pulled
down the new launches rate
across India.
However, inspite of slow growth
in the real estate market and drop
in the number of new launches
across India, the market
continued to witness healthy
demand for properties in the
affordable range.
Significant demand for properties
in the affordable range gave
impetus to the public and private
sector to offer new properties in
low budget ranges with basic
facilities. The Modi Government’s
relaxation of FDI rules in the
construction sector, by reduction
in the minimum floor area for
development and capital
requirement, are expected to
further attract more funds to the
real estate sector.
n Small size units
recorded a rise in
demand by 1-4 per
cent, across India
n Properties worth
Rs 20-50 lakh
went up by 3 per
cent
n NCR witnessed a
drop in supply of
premium
properties by 3-10
per cent except
Ghaziabad, which
remained stable
n Demand for
apartments
dropped by 1-6 per
cent across all
cities, except in
Chennai
IN THIS REPORT:
National Property Index................1
Bangalore...................................4
Annexures.................................13
NATIONAL PROPERTY INDEX (NPI)
VOL 4, ISSUE 3; OCT-DEC, FY 2014-15
OCT-DEC 2014
propindex.magicbricks.com
Source:Magicbricks.com

02
VOL4, ISSUE 3; OCT-DEC, FY 2014-15propindex.magicbricks.com
NATIONAL PROPERTY INDEX
l In the last one year, properties
worth Rs 30-50 lakh continued
to witness maximum demand
with a consistent rise quarter-
over-quarter, indicating strong
demand for affordable options
across India
l Rental returns remained high
in residential properties in
Bengaluru, Hyderabad and
Kolkata
l In the last six months, Mumbai,
Bengaluru and Pune continued
to be the most preferred
investment destinations
Ahmedabad City Index rose by
3 per cent. After the formation of
the Modi Government at the
centre, the City Index continued
to show a rise in values quarter-
over-quarter. In the Oct-Dec 2014
quarter, the city recorded a rise of
1-9 per cent in average capital
values in over 75 per cent of the
total localities tracked. The city
also witnessed a rise in supply by
5 per cent in comparison to the
previous quarter. SG Highway,
Bopal and Motera witnessed
maximum supply of new projects.
The Bengaluru City Index
showed an inverse trend in
comparison to the last quarter, by
posting a rise of 1 per cent. This
kept the city index unchanged in
the last six months. Whitefield,
Sarjapur Road and Electronic City
remained the most preferred
investment destinations across
residential housing categories.
The Yield Meter showed that
returns were high on residential
investment in South and East
Bengaluru, followed by North
Bengaluru.
Increase in average capital values
coupled with rise in active
property listings in the city by
5 per cent, pushed up the Chennai
City Index by 2 per cent. The
rental market witnessed slow
movement in the average monthly
rentals. Close to 55 per cent of the
total localities tracked in the city
noted a drop between 1-8 per cent.
In the last one year, average
capital values showed a healthy
rise of over 10 per cent in areas
such as Oragadam, Anna Nagar
West, Nungambakkam and
Prerungudi.
The Delhi City Index continued to
drop in the Oct-Dec 2014 quarter.
A drop of 1 per cent was noted as
opposed to the 3 per cent fall noted
in the previous quarter. In the last
three quarters, Delhi City Index
has dropped by 9 per cent. This
was primarily on the back of the
drop in average values and
growing inventory in the city,
mainly in the single floor units. In
the rental market, close to
50 per cent of the total localities
tracked in the city, recorded a
drop of 1-10 per cent.
The Ghaziabad City Index
remained unchanged in the
Oct-Dec 2014 quarter.
Almost equal number of localities
recorded a rise or drop in the
average capital values. This kept
the Listed Price Monitor
unchanged at 0 per cent. Similar
trend was noted in the rental
market with increase and drop of
10 per cent in lease.
In the past one year, Gurgaon
City Index remained between
minus 2 to plus 1 per cent. This
was mainly due to slow uptake in
the residential market of the city.
Out of the total localities tracked,
39 per cent noted a drop in the
average capital values. This also
kept the City Index unchanged in
the Oct-Dec 2014 quarter. The
rental market too, remained slow
Locality Rank
Q3 Q2
Mumbai 1 1
Bangalore 2 2
Pune 3 3
Hyderabad 4 5
New Delhi 5 4
Chennai 6 7
Kolkata 7 6
Gurgaon 8 8
Noida 9 10
Ahmedabad 10 -
Preferred Cities - Sale
Note: Q3 Oct-Dec 2014, Q2 Jul-Sep 2014
Preferred Cities - Rent
Locality Rank
Q3 Q2
Bangalore 1 2
Mumbai 2 1
Pune 3 3
New Delhi 4 4
Chennai 5 5
Hyderabad 6 6
Gurgaon 7 7
Kolkata 8 8
Noida 9 10
Ahmedabad 10 -
Note: Q3 Oct-Dec 2014, Q2 Jul-Sep 2014
-1%
Delhi,
Mumbai
0%
Gurgaon,
Ghaziabad
1%Bangalore,
Noida,Pune
2%
Kolkata,Chennai
Hyderabad
3%
Ahmedabad
Oct-Dec 2014
City Index Percentage Change

03
VOL4, ISSUE 3; OCT-DEC, FY 2014-15 propindex.magicbricks.com
with over 60 per cent localities
recording either a drop or no
change in the average rental
values.
Hyderabad City Index and the
Listed Price Monitor recorded a
rise of 2 and 3 per cent,
respectively. The increase in the
City Index value was primarily
attributed to increase in the
average capital values in areas
with maximum active properties.
Unlike the capital market, the
rental market remained slow. Over
55 per cent localities in the city
recorded a drop between
2-8 per cent in the average rental
values. Gachibowli, Kondapur,
Kukatpally and Hitec City
remained the preferred locations
for both sale as well as rent in the
current quarter.
Kolkata City Index rose by
2 per cent. This was primarily
attributed to rise in the average
capital values in over 60 per cent of
the tracked localities in the city.
The 1 and 4BHK units witnessed a
rise in demand while other
categories noted a drop. Maximum
rise was recorded in 1BHK units
across the region in the last six
months. Properties worth Upto
Rs 20 lakh witnessed an increase
in demand by 1-6 per cent across
the region, except in West Kolkata.
The Noida City Index rose by
1 per cent in the Oct-Dec 2014
quarter. In the last 15 months,
Noida market remained stable
with 0-1 per cent change in the
City Index and the Listed Price
monitor. This was primarily on the
back of almost no change in the
average capital values in the city.
On the other hand, rental market
noted a subdued trend. Over
65 per cent of the total localities in
the city noted a drop in rental
values between 1-7 per cent in the
current quarter.
The Mumbai City Index dropped
by 1 per cent in the Oct-Dec 2014
quarter as opposed to the previous
quarter where it increased by
4 per cent. Rise in the average
capital values between 0-7 per cent
and drop in supply by 6 per cent
kept the City Index positive by just
1 per cent. With one fourth of total
supply of the city, Kharghar in
Navi Mumbai, Mira Road, Andheri
West and Kandivalli West in the
Western Suburbs and Ghodbunder
Road in Thane were the most
active residential destination in
the city.
Pune residential market
witnessed a consistent rise of
1 per cent in the City Index value
quarter-over-quarter, in the past
one year. Over 45 per cent of the
total demand for properties in the
city was concentrated in West
Pune, followed by 29 per cent in
East Pune. Though high demand
was noted in West Pune, but
maximum supply was recorded in
East Pune.
Upto Rs 20 Lakh Rs 20-30 Lakh Rs 30-50 Lakh Rs 50-70 Lakh Rs 70-100 Lakh Rs 1-2 Crore Rs 2 Crore & Above
National - Consumer Budget Preference
30%
25%
20%
15%
10%
5%
0%
3%
9%
29%
21%
15%
14%
9%
TOP YIELD GROSSERS
Gross yield is a ratio of average annual
rental value to the average capital value
of the property. Given below are the top
yield-grossing localities in each city.
Locality Gross Yield
Bengaluru, Chandapura 5.42%
Kolkata, Tollygunge 4.76%
Hyderabad, Gachibowli 4.66%
Chennai, Navalur 4.27%
Pune, Mundhwa 4.04%
Ahmedabad, Prahlad Nagar Extn 4.01%
Delhi, Govindpuri 3.99%
Ghaziabad, Shakti Khand 3 3.62%
Mumbai, Kanjur Marg East 3.54%
Noida, Sector-121 3.16%
Gurgaon, Sector-69 2.59%
CAPITAL GAINS
The table given below indicates maximum
increase in capital values in each city.
Locality % Change
Kolkata, Ballygunge 9.65%
Bengaluru, Hennur Main Road 10.75%
Ahmedabad, Chandkheda 9.03%
Ghaziabad, Govindpuram 6.80%
Chennai, Adyar 6.70%
Mumbai, Vashi 6.65%
Pune, Mundhwa 8.91%
Hyderabad, Attapur 5.69%
Delhi, Model Town 6.16%
Noida, Sector-143 B 5.34%
Gurgaon, Sector-84 8.02%

PROPINDEX - BENGALURU
Foundation for growth
Bengaluru’s real estate market hinged
on trends in infrastructure and
commercial developments through
2014 and is set for growth, especially
in the office space market in 2015.
There is news of big ticket
organisations in the ecommerce space
looking for large office spaces. There
are also forecasts of expansion among
some of the established companies.
The city is not land-locked and this is a
major factor in the realty dynamics. The
land rates in the suburbs are relatively
lower and the emerging connectivity
brings them closer to the city’s core
areas. The plan to put in place a
Peripheral Ring Road, beyond the Outer
Ring Road (ORR), promises to bring in
more land parcels into play. The
emerging connectivity is leading to
many once-distant suburbs turning into
sought-after destinations. These belts
are value picks at this point in time.
The year 2014 was also significant as
it offered the first indications of a
downtrend in the interest rates. Lower
home loan lending rates will bring in
more prospective home buyers. The
cooling in the inflation rate and
moderation in the growth rate have
been pushing for an easier monetary
policy from the Reserve Bank of India
(RBI). The steps taken by the RBI in
2014 to infuse more liquidity into the
banking system indicated the possibility
of a softer monetary policy ahead.
Some upward pressure on rentals,
especially in the premium localities. The
market for high-end homes opened up
further. Huge potential in the affordable
housing space remains.
With the government announcing
easier norms for FDI in the construction
sector and offering benefits for the
development of affordable housing,
more supply of budget homes is on the
cards. The new FDI policy is another
significant development of 2014. It
makes it easier and more attractive for
investors based abroad to participate in
the real estate market here.
These developments are good news for
the realty sector. The year 2014 saw
the development of a strong foundation
on which the sector promises to grow
through the New Year.
bsmanu.rao@timesgroup.com
Editor Times Property, Bengaluru
The Bangalore City Index showed a gradual rise, posting a
growth of 1 per cent in the Oct-Dec 2014 quarter. This was in
contrast to the previous quarter where a drop of 1 per cent was
noted. However, the Listed Price Monitor remained unchanged,
indicating stable values.
l Close to 50 per cent localities
registered a rise in average
capital values and increase in
active supply by 6 per cent which
kept the City Index value stable
l Whitefield in East, Electronic
City in South and Hebbal in
North offered maximum units
for sale in the current quarter
l Units of 1BHK witnessed a rise
in demand by 1-3 per cent.
Maximum rise of 3 per cent was
noted in north, east and west.
The traditionally most demanded
2BHK units recorded a drop in
demand, except Central
Bengaluru. On the other hand,
supply remained almost stable
with a rise or drop of 1 per cent
l With the rise in demand for small
size units, demand for affordable
housing has also gone up in the
budget range of Rs 20-40 lakh
across the city
l Demand for premium properties
worth Rs 1 crore and Above
recorded a drop of 1-3 per cent
across regions except South
Bengaluru. Properties in the mid
segment (Rs 60-100 lakh)
witnessed a similar trend, where
demand dropped by 1-3 per cent
across regions, except in Central
Bengaluru
l Whitefield, Sarjapur Road and
Electronic City remained the
most preferred investment
destinations across the
residential housing categories
l Kankapur Road, CV Raman
Nagar and Koramangala
recorded the maximum rise in
average capital values by
15-16 per cent in the last one year
l Premium areas such as
Jayanagar, Lavelle Road and
Cambridge Layout recorded the
maximum rise in average rental
values between 14-17 per cent in
the last one year
l The Yield Meter showed that
returns are high on residential
investment in the South and East
Bengaluru, followed by North
Bengaluru
l Demand for apartments in West
Bengaluru witnessed an
increasing trend in the last three
quarters. This, too, pushed up
supply for the same, resulting in
oversupply by 12 per cent
Key Takeaways
Editorial
BENGALURU 04

l More than 50 per cent of the localities recorded a
rise in capital values in the Oct-Dec 2014 quarter.
However, around 40 per cent of the tracked localities
also noted a drop in values, arresting the growth of
the Listed Price Monitor
l Rise in capital values varied from 1-11 per cent with
Hennur Main Road recording the highest rise
l Marathahalli, Hebbal and Begur Road also recorded
a steady growth of 6-7 per cent in capital values in
the current quarter
l Capital values witnessed a drop of 7-8 per cent in
localities such as Hosur Road, Varthur and
HSR Layout
LISTED PRICE MONITOR
Locality Average Rental Average Capital Gross
Value (Rs/sqft/mth) Value (Rs/sqft) Yield
Bannerghatta Road 14.50 4,255 4.09%
Koramangala 23.50 7,825 3.60%
Whitefield 15.50 4,375 4.25%
JP Nagar 16.25 4,530 4.30%
Malleswaram 22.50 11,440 2.36%
Hebbal 15.50 5,850 3.18%
Sarjapur Road 17.50 4,550 4.62%
HSR Layout 18.00 4,285 5.04%
Marathahalli 17.00 4,345 4.70%
Chandapura 12.25 2,710 5.42%
Y I E L D M E T E R
l As observed in the last few quarters, Bengaluru
recorded one of the highest yields in the country
l The Magicbricks yield meter clocked returns in
the range of 2.36-5.42 per cent in the Oct-Dec 2014
quarter as compared to the 2.21-5.11 per cent
recorded in the previous quarter
l Chandapura recorded the highest yield while
HSR Layout recorded the second highest at
5.04 per cent. Falling capital values and stable
rental values pushed up the yield in the locality
l A significant rise in capital values (7%) and a drop
in rental values resulted in reduced yield for
Marathahalli (4.70%)
RENT MONITOR
l The rental market in the city remained robust with
nearly 70 per cent of the tracked localities recording
a rise in values
l A rise of 1-8 per cent was noted in rental values
across localities. The Old Airport Road and
JP Nagar recorded the highest rise of 8 per cent in
the quarter
l Other localities which recorded a considerable rise
of 4-6 per cent included Electronic City, Indira
Nagar, ITPL and Yelahanka
l Stable rents were noted across localities such as
HSR Layout, Kanakpura Road, Malleswaram and
BTM Layout. On the other hand, Marathahalli and
Whitefield recorded falling values (-1 to -3%)
0%
BENGALURU05
Source:Magicbricks.com Source:Magicbricks.com

PREFERRED LOCALITIES
l IT driven locations continued to top the preference
charts. The top three locations for sale were
Whitefield, Sarjapur Road and Electronic City in
that order, similar to the previous quarter
l Inspite of increased capital values, Marathahalli
saw increased demand. It settled at number four as
compared to the sixth slot in the previous quarter
l Hebbal also moved up from number seven to the
sixth slot in the current quarter
l HSR Layout and Bannerghatta Road saw a drop in
buyer interest. While HSR Layout moved down one
spot to settle at number five, Bannerghatta Road
settled at number seven as compared to the fifth spot
it occupied in the last quarter
l Rajarajeshwari Nagar retained its place on the list
as the eighth preferred locality for sale in the city
l Indira Nagar and Koramangala swapped places this
quarter to settle at number nine and ten,
respectively
l For rented accommodation, buyer preference was
more inclined towards the southern and central
localities over the IT hubs
l Koramangala and HSR Layout remained the top two
localities, in that order, for rent
l Marathahalli improved its standing this quarter. It
moved up two spots to settle at number three as
compared to the fifth spot in the last quarter
l While Indira Nagar dropped to number five,
Whitefield retained its spot as the fourth preferred
locality for rent
l Bellandur, Electronic City and Sarjapur Road
retained their spots at number six, seven and eight,
respectively. Rental values in these localities varied
from Rs 12,500-20,000 per month
l JP Nagar moved up from the tenth spot it occupied
in the previous quarter to settle at number nine in
the current quarter. BTM Layout was a new entrant
in the Oct-Dec 2014 quarter, at number ten
RENT
Note: Q3 Oct-Dec 2014,Q2 Jul-Sep 2014
Locality Rank Capital %age
Q3 Q2 Values change
Whitefield 1 1 3940 to 5160 -2%
Sarjapur Road 2 2 4040 to 5460 3%
Electronic city 3 3 2980 to 3910 0%
Marathahalli 4 6 3890 to 5170 7%
HSR Layout 5 4 3840 to 5090 -7%
Hebbal 6 7 5200 to 7020 6%
Bannerghatta Road 7 5 3770 to 5120 -4%
Rajarajeshwari Nagar 8 8 3510 to 4260 1%
Indira Nagar 9 10 6980 to 9070 -2%
Koramangala 10 9 7030 to 9260 0%
SALE
Note: Q3 Oct-Dec 2014,Q2 Jul-Sep 2014
Locality Rank Rental %age
Q3 Q2 Values change
Koramangala 1 2 21000 to 28000 3%
HSR Layout 2 1 16500 to 20500 0%
Marathahalli 3 5 15500 to 19500 -1%
Whitefield 4 4 14000 to 18000 -3%
Indira Nagar 5 3 19000 to 24500 4%
Bellandur 6 6 16000 to 20000 1%
Electronic city 7 7 12500 to 16000 4%
Sarjapur Road 8 8 16000 to 20000 3%
JP Nagar 9 10 15000 to 18500 8%
BTM Layout 10 15500 to 19500 0%
Devanahalli, Chikkabalapur, Hoskote, Anekal, Jigani
Home in your Budget
Upto Rs 20 Lakh
l Properties worth Rs 40-60 lakh
were available in Whitefield,
Sarjapur Road, Rajarajeshwari
Nagar, Abbigere and
HSR Layout
l Properties worth Upto Rs 20
lakh was in Devanahalli,
Chikkabalapur, Hoskote, Jigani
and Bagaluru
l Indira Nagar, Koramangala,
HRBR Layout and Yeshwantpur
saw properties in the Rs 1 crore
and Above category
Electronic City, Chandapura, KR Puram, Hosa RoadRs 20-40 Lakh
Whitefield, Sarjapur Road, Rajarajeshwari NagarRs 40-60 Lakh
Kanakapura Road, Bannerghatta Main Road, YelahankaRs 60-100 Lakh
Indira Nagar, Koramangala, Sahakar Nagar, Rajaji NagarRs 1 Crore & Above
BENGALURU 06
Source:Magicbricks.comSource:Magicbricks.com

Budget wise Analysis
l Almost equal demand of
30 per cent each was noted for the
Rs 40-60 lakh and Rs 60-100 lakh
categories. However, both
categories saw a slight drop in
demand in the current quarter
l Supply was almost equally divided
among different budget ranges
except in the Upto Rs 20 lakh
category, where it was found to be
lowest. Demand for 2BHK units
witnessed a slight rise of 3 per cent
in demand
DEMA ND - SUPPLY ANALYSIS
Bengaluru recorded the lowest demand for apartments across cities. Both demand and supply in
the category remained unchanged in the Oct-Dec 2014 quarter as compared to the last quarter.
Residential houses saw a healthy demand of 30 per cent even though supply lagged at 11 per cent.
Supply in the city was found to be almost evenly distributed across different budget ranges except
in the Upto Rs 20 lakh category. As compared to the last quarter, both demand and supply in
different budget ranges remained almost unchanged. The highest supply was noted for 3BHK
units, even though demand was concentrated for 2BHK units. A slight rise of 3 per cent was noted
for smaller 1BHK units.
Property wise Analysis
l Apartments remained
oversupplied in the market. Supply
at 66 per cent led demand by
19 per cent. While supply was
stable in the last six month,
demand dropped slightly by
1 per cent
l A marginal rise of 3 per cent was
noted in the demand for residential
houses. It grew from 26 per cent in
the last quarter to 29 per cent in
the current quarter. However,
supply fell short by 18 per cent
BHK wise Analysis - City Level
l As observed in the last quarter
2BHK units remained the preferred
configuration in the Oct-Dec 2014
quarter with 55 per cent demand.
Supply lagged demand by
8 per cent at 47 per cent
l Units of 3BHK recorded the second
highest demand and supply. While
demand settled at 31 per cent,
supply stood at 40 per cent. An
oversupply of 6 per cent was noted
for the 4BHK and Above category
40
30
20
10
0
<20 20-40 40-60 60-100 100 &
above
2
Figuresinpercentage(%)
Figures in Rs lakh
3
18
21
31 30 31
29
18 17
(Jul-Sep 2014)
(Oct-Dec 2014)
Budget wise Analysis - City Level
DEMAND
40
30
20
10
0
<20 20-40 40-60 60-100 100 &
above
9
Figures in Rs lakh
10
23 23
26 24
20 21 22 22
(Jul-Sep 2014)
(Oct-Dec 2014)
SUPPLY
BHK Configuration - City Level
60
50
40
30
20
10
0
7
10
57 55
33 31
3 4
(Jul-Sep 2014)
(Oct-Dec 2014)
1BHK 2BHK 3BHK 4BHK &
above
DEMAND SUPPLY
60
50
40
30
20
10
0
2 3
48 47
40 40
10 10
(Jul-Sep 2014)
(Oct-Dec 2014)
1BHK 2BHK 3BHK 4BHK &
above
Property wise Analysis - City Level
80
60
40
20
0
48 47
26
29
26
24
(Jul-Sep 2014)
(Oct-Dec 2014)
Apartment Residential House Residential Plot
DEMAND
80
60
40
20
0
66 66
11 11
23 23
(Jul-Sep 2014)
(Oct-Dec 2014)
Apartment Residential House Residential Plot
SUPPLY
BENGALURU07
Source:Magicbricks.comSource:Magicbricks.comSource:Magicbricks.com

BHK wise Analysis
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
l The Rs 40-60 lakh recorded the highest demand at 30 per cent. This
was a slight rise of 1 per cent from the previous quarter. Supply in
the category witnessed a drop of 3 per cent to settle at 25 per cent
l Demand was also high for properties in the Rs 60-100 lakh range
with 28 per cent buyer interest. Supply, however, was lower by
10 per cent and stood at 18 per cent
l As observed in the last quarter, properties priced over Rs 1 crore
were oversupplied. Supply in the segment led demand by 6 per cent
to settle at 17 per cent. Affordable properties (Upto Rs 20 lakh) were
also oversupplied by 20 per cent
DEMAND SUPPLY
DEMAND & SUPPLY - South Bengaluru
In the Oct-Dec 2014 quarter, the south part of the city remained fairly stable with respect
to demand and supply. The 2BHK category remained the preferred and the most supplied
category in the zone. Nearly 60 per cent of the total demand was found in the Rs 40-100
lakh category while maximum supply (55%) was for properties priced at Rs 20-60 lakh.
Apartments were the most preferred category in the zone. However, both houses as well as
plots noted a healthy demand. Supply in both the categories remained lower than the
existing demand.
l An oversupply of 25 per cent was noted for apartments in South
Bengaluru. Both demand and supply in the segment witnessed a
drop of 2 per cent in the current quarter. While demand settled at
47 per cent, supply stood at 72 per cent
l Residential houses saw a rise in demand as well as supply. As
compared to the last quarter, demand moved up from 26 to
29 per cent while supply inched up from 9 to 11 per cent
l Plotted development did not see much fluctuation in demand and
supply this quarter. While demand stood at 24 per cent, supply
lagged demand with 7 per cent, short at 17 per cent
BHK wise Analysis
l The 2BHK category continued to be the most preferred
configuration in South Bengaluru. While demand stood unchanged
at 55 per cent since the last six months, supply dropped marginally
by 2 per cent to settle at 49 per cent
l Demand for 3BHK units dropped slightly by 2 per cent to settle at
33 per cent. Supply led demand by 6 per cent. It remained unchanged
at 39 per cent since the last quarter
l Low demand and supply was noted for 1 and 4BHK and Above
categories. These together formed 12 per cent of the total demand
and total supply
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
1 BHK
2 BHK
3 BHK
4 BHK & above
DEMAND SUPPLY
Q2 Q3
2120
29
30
30 28
19 19
Q2 Q3
10
28
28
19
17
18
25
30
9
16
Q2 Q3
49 47
Q2 Q3
74
9
72
11
Q2 Q3
5555
3335
Q2 Q3
4951
39 39
8
7
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
Apartment
Residential house
Residential plot
26
25 24
29
17 17
7
9
BENGALURU 08

BHK wise Analysis
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
l The Rs 20-40 lakh category witnessed a rise in demand in the
current quarter. It moved up from 16 per cent in the Jul-Sep 2014
quarter to 21 per cent in the Oct-Dec 2014 quarter. Supply stood
unchanged at 17 per cent
l Almost equal demand was noted for properties priced at
Rs 40-60 lakh and Rs 60-100 lakh. Both recorded a demand of
28-29 per cent. While it was a rise of 1 per cent for the Rs 40-60 lakh
category, the Rs 60-100 lakh range recorded a drop of 5 per cent
l Maximum demand was noted for premium properties priced above
Rs 1 crore. Supply stood at 29 per cent while demand lagged by
11 per cent
DEMAND SUPPLY
DEMAND & SUPPLY - North Bengaluru
Market supply was seen to be tilted towards premium properties even though buyer
preference was clearly towards mid-segment units. The zone recorded maximum supply of
properties priced above Rs 1 crore while demand was for properties priced between
Rs 40 lakh and Rs 1 crore.
The zone recorded the highest supply of plots at 40 per cent, giving stiff competition to
apartments, the conventional choice. Demand was still higher for apartments by
10 per cent. With a combined demand of 83 per cent, 2 and 3BHK units formed the bulk.
l Apartments were found to be oversupplied in the market with
50 per cent supply and 39 per cent demand. While demand inched up
by 1 per cent, supply witnessed a drop of 2 per cent
l Plots were the second most supplied category with 40 per cent
market share. This was a rise of 3 per cent from the last quarter.
Demand, on the other hand, recorded a drop of 3 per cent to settle at
30 per cent
l Houses also registered a demand of 31 per cent, 3 per cent up from
the last quarter. However, supply was much lower at 10 per cent, a
drop of 1 per cent from the Jul-Sep 2014 quarter
BHK wise Analysis
l The 2BHK category remained the most demanded configuration in
North Bengaluru forming 55 per cent of the total demand in the
zone in the current quarter
l Almost equal supply was registered for 2 and 3BHK units (41-42%).
This was similar to the trend noted in the last quarter as well, where
the two categories formed nearly 85 per cent of the total supply
l The 4BHK and Above category was oversupplied by 10 per cent with
demand settling at a modest 5 per cent while supply stood at
15 per cent. Demand for 1BHK units saw a rise of3 per cent to settle
at 9 per cent while supply lagged by 7 per cent
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
1 BHK
2 BHK
3 BHK
4 BHK & above
DEMAND SUPPLY
Q2 Q3
16
21
20
30
2833
28
18
Q2 Q3
17
14
17
21
22
18
21
30 29
11
38 39
Q2 Q3
52 50
Q2 Q3
11
10
Q2 Q3
56 55
34 31
Q2 Q3
42 42
41
1514
42
6
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
Apartment
Residential house
Residential plot
34 30 37 40
28 31
9
BENGALURU09

BHK wise Analysis
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
l Mid-segment properties priced at Rs 20-60 lakh witnessed a rise in
demand in the Oct-Dec 2014 quarter. A rise of 17 per cent was noted
in demand which settled at 46 per cent in the current quarter
l While supply for properties in the Rs 40-60 lakh remained stable at
23 per cent, it witnessed a rise of 10 per cent for properties priced at
Rs 20-40 lakh
l Premium properties priced above Rs 1 crore witnessed a significant
drop in demand as well as supply. While demand dropped by
17 per cent to settle at 23 per cent while supply fell by 18 per cent
settle at 34 per cent
DEMAND SUPPLY
DEMAND & SUPPLY - Central Bengaluru
Central Bengaluru witnessed a drop in preference for premium properties. Buyer demand
shifted towards mid-segment properties. Demand in the Rs 20-40 lakh category has almost
doubled over the last quarter. Premium properties saw a drop of 17-18 per cent in demand
and supply. The 2BHK units saw a rise in demand and supply as buyers shifted their focus
to affordable properties, resulting in a decline in demand and supply for 3BHK units.
Apartments remained the most preferred and supplied category registering the highest
supply and buyer demand across different zones.
l Central Bangalore recorded the highest demand and supply for
apartments in the city. At 73 per cent, demand recorded a slight dip
in demand in the current quarter while supply stood stable at
79 per cent
l Both demand and supply for residential houses remained almost
unchanged since the last six month with limited fluctuations noted.
While demand settled at 13 per cent, supply lagged at 9 per cent
l A marginal rise of 1 per cent was noted in the demand and supply of
plotted developments in the current quarter. Demand in the
category was 14 per cent while was 2 per cent lower at 12 per cent
BHK wise Analysis
l A considerable rise was noted in demand as well as supply of 2BHK
units in the current quarter. While demand grew by 6 per cent to
settle at 54 percent, supply stood at 43 per cent, a whopping rise of
13 per cent from the last quarter
l Rise in demand for 2BHK units was reflected in a drop in the 3BHK
category. Demand dropped from 40 to 33 per cent in the current
quarter while supply settled at 44 per cent, 5 per cent lower than the
last quarter
l An oversupply was noted for larger units. The 4BHK and Above
category was oversupplied by 7 per cent as observed in the quarter
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
1 BHK
2 BHK
3 BHK
4 BHK & above
Q2 Q3
16
8
21
28
30
29
41 23
Q2 Q3
23
21
3452
23
Q2 Q3
48 54
40 33
8
Q2 Q3
49
44
30
19
43
11
DEMAND SUPPLY
Q2 Q3
74 73
Q2 Q3
79
10
79
9 Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
Apartment
Residential house
Residential plot
13
13 14
13
11 12
8
7
14
17
9
BENGALURU 10

BHK wise Analysis
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
l Demand witnessed a rise of 4 per cent for properties priced at
Rs 20-40 lakh. However, supply in the segment recorded a
considerable drop of 7 per cent to settle at 19 per cent
l Supply of properties priced at Rs 40-60 lakh saw a rise in the current
quarter. It moved up by almost 5 per cent to settle at 30 per cent.
Demand kept pace at 16 per cent
l An oversupply of 9 per cent was noted for properties priced above
Rs 1 crore. While supply in the segment rose by 6 per cent to settle at
27 per cent, demand dropped by 3 per cent to settle at 18 per cent
DEMAND SUPPLY
DEMAND & SUPPLY - West Bengaluru
As opposed to the last quarter, where plots were the most preferred category, demand
shifted towards apartments in the current quarter. Supply also followed a similar trend
with a rise noted in the supply of apartments while the same dropped for plots, from
56 to 39 per cent.
Premium and large sized properties were in supply in the market. More than 50 per cent
supply was concentrated for 3 and 4BHK units while demand was much lower at
32 per cent, corroborating the oversupply noted for properties priced above Rs 1 crore.
l At 37 per cent demand, apartments were the most preferred
property type in West Bengaluru. A rise of 6 per cent was noted in
demand in the Oct-Dec 2014 quarter. Supply also witnessed a
significant rise of 17 per cent to settle at 49 per cent
l Demand for residential houses moved up by 4 per cent to settle at
34 per cent while supply in the segment was 12 per cent
l Plots witnessed a drop in both demand as well as supply in the
Oct-Dec 2014 quarter. While demand dropped by 10 per cent to
29 per cent, supply was 36 per cent, 17 per cent lower than in the
previous quarter
BHK wise Analysis
l The 2BHK category recorded the highest demand in the zone with
60 per cent buyer interest. While demand dropped by 3 per cent,
supply moved up by 4 per cent to settle at 44 per cent
l More than 10 per cent oversupply was noted for 3BHK units.
Demand in the category remained almost unchanged at 28 per cent
while supply stood at 39 per cent
l A similar trend was noted for the 4BHK and Above category as well.
Supply in the segment led demand by 10 per cent. While demand was
low at 4 per cent, supply stood at 14 per cent. Both demand and
supply for 1BHK units remained low
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
1 BHK
2 BHK
3 BHK
4 BHK & above
DEMAND SUPPLY
Q2 Q3
17 21
28 27
32
21 18
Q2 Q3
26
19
21
17
16
20
27
15
30
9
Q2 Q3
63 60
29 28
Q2 Q3
41
44
41
39
14
DEMAND SUPPLY
31
37
Q2 Q3
32
49
Q2 Q3
12
12
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
Apartment
Residential house
Residential plot
39 29 56 39
30
34
31
16
8
BENGALURU11

BHK wise Analysis
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
Rs <20 lakh
Rs 20-40 lakh
Rs 40-60 lakh
Rs 60 lakh-1 crore
Rs1 crore and above
DEMAND SUPPLY
l Maximum demand was noted for properties priced at Rs 40-60 lakh.
Demand in the category stood at 32 per cent while supply lagged by
10 per cent at 22 per cent
l The Rs 60-100 lakh range also noted a healthy demand of 30 per cent
in the current quarter. Supply in the segment dropped by 3 per cent
to settle at 26 per cent. Demand met supply at 22 per cent for
properties priced at Rs 20-40 lakh
l An oversupply of 7 per cent was noted for premium properties
priced at Rs 1 crore and Above. While demand dropped by 3 per cent
in the segment, supply stood unchanged at 21 per cent
DEMAND SUPPLY
DEMAND & SUPPLY - East Bengaluru
Almost 75 per cent of the total supply in the market was concentrated for apartments even
though demand lagged at 54 per cent. It was the only category to be oversupplied. The
other two categories were under supplied. Buyer preference improved for properties
priced at Rs 20-40 lakh while it dropped for the premium segment.
Buyer preferences for different BHK configurations remained unchanged since the last
quarter. The 2BHK category remained the most preferred with 56 per cent demand.
Limited supply was noted for 1BHK units, witnessing moderate demand of 11 per cent.
l Both demand and supply for apartments stood almost unchanged
since the last quarter. It was the most preferred as well as supplied
category. Demand stood at 54 per cent while supply was at
74 per cent
l Demand rose marginally for residential houses. As compared to the
25 per cent demand noted in the last quarter, it inched up to
27 per cent this quarter. Supply was lower at 12 per cent
l Plotted development saw a slight drop in demand in the current
quarter. While demand stood at 19 per cent, supply lagged by
5 per cent at 14 per cent. This was a rise of 1 per cent from the
previous quarter
BHK wise Analysis
l The 2BHK units continued to be the most preferred configuration in
the Oct-Dec 2014 quarter. Demand settled at 56 per cent while supply
stood at 49 per cent, the highest among all categories
l Both demand and supply for 3BHK units recorded a drop in the
current quarter. While demand in the segment dropped by 2 per cent
to settle at 29 per cent, supply dropped by 1 per cent to settle at
39 per cent
l Supply of smaller units (1BHK) lagged demand by 8 per cent.
Demand in the category moved up by 3 per cent in the current
quarter. Larger formats were oversupplied in the zone
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
1 BHK
2 BHK
3 BHK
4 BHK & above
DEMAND SUPPLY
Q2 Q3
2218
33
32
31 30
16 13
Q2 Q3
2223
29 26
22 23
21 21
54 54
Q2 Q3
21 19
75 74
Q2 Q3
13 14
12 12
Q2 Q3
57 56
31 29
8 11
Q2 Q3
39
48 49
40
10 9
Q2 (Jul-Sep 2014)
Q3 (Oct-Dec 2014)
Apartment
Residential house
Residential plot
25
27
8
BENGALURU 12

CAPITAL VALUES – LOCALITY WISE
Average Listed Residential Apartment Prices
Banashankari 4330 to 6000
Banaswadi 3830 to 4860
Bannerghatta Main Road 3770 to 5120
Begur Road 3240 to 4140
Bellandur 4200 to 5660
Bommanahalli 3650 to 4340
Brookefield 5050 to 6170
BTM Layout 4780 to 5940
Chandapura 2450 to 3170
CV Raman Nagar 4020 to 5650
Doddathoguru 2360 to 3070
Electronic City 2980 to 3910
Frazer Town 6020 to 7670
Gottigere 3310 to 4140
Harlur Road 4520 to 6030
HBR Layout 3650 to 4560
Hebbal 5200 to 7020
Hennur 3860 to 5210
Hennur Main Road 4390 to 5510
Hoodi 3670 to 4710
Hoodi Circle 2920 to 3960
Horamavu Agara 3590 to 4430
Hormavu 3550 to 4360
Hosa Road 2890 to 3730
Hosur Road 3620 to 4840
HSR Layout 3840 to 5090
Indira Nagar 6980 to 9070
ITPL 3800 to 4870
Jakkur 4180 to 5200
Jalahalli 3900 to 5150
JP Nagar 4080 to 5340
JP Nagar Phase 7 4480 to 5880
Kadugodi 3370 to 4050
Kaggadasapura 3500 to 4400
Kalyan Nagar 3450 to 4310
Kanakapura Road 4200 to 5540
Kengeri 3170 to 3920
Koramangala 7030 to 9260
KR Puram 3210 to 4020
Kudlu 3900 to 5130
Kundalahalli 3320 to 4410
Magadi Road 3450 to 4240
Mahadevapura 4160 to 5190
Malleshwaram 10280 to 13520
Marathahalli 3890 to 5170
Mysore Road 3560 to 4360
Nagarbhavi 3690 to 4590
Nagavara 4050 to 5220
Old Airport Road 4550 to 5790
Old Madras Road 4050 to 4990
Outer Ring Road 5250 to 6960
Panathur 3250 to 4390
Rajaji Nagar 9920 to 13200
Rajarajeshwari Nagar 3510 to 4260
Ramamurthi Nagar 3410 to 4220
RT Nagar 4010 to 5390
Sahakar Nagar 4860 to 6150
Sanjay Nagar 5280 to 6730
Sarjapur 2860 to 3880
Sarjapur Road 4040 to 5460
Silk Board 2380 to 3220
Singasandra 3340 to 4280
Surjapura 3100 to 4120
Thambuchetty Palya 3410 to 4300
Thanisandra 3910 to 5220
Uttarahalli 3290 to 3960
Varthur 3130 to 4010
Vidyaranyapura 3180 to 4060
Whitefield 3940 to 5160
Yelahanka 4010 to 5230
Yeshwantpur 6540 to 8170
Locality Capital Values
(Rs/Sq feet)
Locality Capital Values
(Rs/Sq feet)
BENGALURU
BENGALURU13

D I S C L A I M E R
Every effort has been made to make this Index as complete and as accurate as possible. MagicBricks
accepts no responsibility for inaccuracies in the information/data contained in this book. It shall have
neither liability nor responsibility to any person or entity with respect to any loss or damage caused, or
alleged to have been caused, directly or indirectly, by the information contained in this book. The
information/data in this book is subject to change from time to time due to market condition.
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Bengaluru oct-dec-2014

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