2. Across Mumbai, NCR, Pune, Bengaluru, Chennai, Hyderabad, Kolkata, Ahmedabad
2015 ENDS WITH
THE LOWEST NEW LAUNCHES AND
SALES VOLUME SINCE 2010
RESIDENTIAL
4. In h2 2015, SALES VOLUME held
steady to THE previous year’s
level, but NEW LAUNCHES STILL
LAG BEHIND
Across Mumbai, NCR, Pune, Bengaluru, Chennai, Hyderabad, Kolkata, Ahmedabad
6. Supply pressure IS Easing;
UNWINDING OF UNSOLD
INVENTORY HAPPENING
AT A FAST PACE
Across Mumbai, NCR, Pune, Bengaluru, Chennai, Hyderabad, Kolkata, Ahmedabad
9. Sharp fall in price growth
arrested; prices growing at
a steady 3% per annum rate
Across Mumbai, NCR, Pune, Bengaluru, Chennai, Hyderabad, Kolkata, Ahmedabad
10. Growth down from 9% to 3% in the
last 36 months
0%
2%
4%
6%
8%
10%
H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015
Pricegrowth
Across Mumbai, NCR, Pune, Bengaluru, Chennai, Hyderabad, Kolkata, Ahmedabad
PRICE GROWTH
11. Home buyers avoiding
projects in initial stages of
construction; low level of
confidence in project
delivery
Across Mumbai, NCR, Pune, Bengaluru, Chennai, Hyderabad, Kolkata, Ahmedabad
12. Confidence in NCR market falls
the most; but Mumbai gains
31%
50%
35%
41%
34%
29%
39%
33%
38%
34%
39%
35%
26%
20%
22%
24%
0%
10%
20%
30%
40%
50%
60%
Mumbai NCR Bengaluru Pune Chennai Hyderabad Kolkata Ahmedabad
%ofSales
2013 2015
SALES TREND IN PROJECTS WHICH ARE IN THE INITIAL
STAGES OF CONSTRUCTION
Across Mumbai, NCR, Pune, Bengaluru, Chennai, Hyderabad, Kolkata, Ahmedabad
13. PUNE CONTINUES TO BE THE BEST
MARKET IN INDIA; NCR the worst
QTS VS. AGE OF INVENTORY ACROSS CITIES
Mumbai
NCR
Bengaluru
Pune
Chennai
Hyderabad
Kolkata
Ahmedabad
5
7
9
11
13
15
17
5 7 9 11 13 15 17 19
Ageofunsoldinventoryinquarters
QTS
14. Across Mumbai, NCR, Pune, Bengaluru, Chennai, Hyderabad
Demand outstrips supply for
the 2nd straight year;
2015 closes at the highest
levels since 2011
office
16. Vacancy levels are at a
record 8-year low
Across Mumbai, NCR, Pune, Bengaluru, Chennai, Hyderabad
17. Vacancy levels fall to 15.8% in 2015
from their 2012 peak of 21%
ANNUAL VACANCY TREND
17%
21%
15.8%
14%
16%
18%
20%
22%
2008 2009 2010 2011 2012 2013 2014 2015
Across Mumbai, NCR, Pune, Bengaluru, Chennai, Hyderabad
18. H2 2015 WITNESSES HIGHEST
HALF-YEARLY DEMAND FOR
OFFICE SPACE since 2012
Across Mumbai, NCR, Pune, Bengaluru, Chennai, Hyderabad
19. BUT NEW COMPLETIONS STILL BELOW
THEIR H2 2012 PEAK LEVELS
NEW COMPLETIONS AND ABSORPTION IN H2
Across Mumbai, NCR, Pune, Bengaluru, Chennai, Hyderabad
23.1
19.2
18.5
19.7
14.7
15.2
20.4
22.5
0
5
10
15
20
25
30
H2 2012 H2 2013 H2 2014 H2 2015
mnsqft
New Completions Absorption
20. KEY TAKEAWAYS
RESIDENTIAL
2015 ENDS WITH THE LOWEST NEW LAUNCHES AND
SALES VOLUME SINCE 2010
OFFICE
at 84.2%, OCCUPANCY HIGHEST SINCE 2008
Severe supply crunch of quality office space
putting upward pressure on rentals