This document summarizes residential real estate trends in Kolkata, India from January to June 2017. Key findings include: 1. End-user sentiment remained subdued due to the lingering effects of demonetization and new regulations. 2. Affordable and mid-segment projects in South and North Kolkata boosted the market. 3. Rajarhat remained the preferred location for buyers and developers thanks to planned infrastructure like roads and upcoming metro connectivity.

1. Kolkata
Residential
January to June 2017
1

2. RESIDENTIAL
RECAP
2016
2

3. KEY
FINDINGS
H1 2017
01 End-user sentiments
have remained
subdued
• Demonetisation
hangover
• RERA
03 Affordable and mid-
segment projects give
boosts to South and
North Kolkata
02 Rajarhat remains the
preferred location for
buyers and developers,
courtesy planned road
infrastructure and
upcoming metro
connectivity
3

4. 14,611
15,653
12,073
10,680
11,891
9,093
9,764
10,144
8,607
11,448
9,170
10,339
7,308
8,109
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017
No.ofunits
Launches Sales
-18%
Half yearly
trend in
launches
& sales
4
-22%

5. Ticket-size
split of
launches
5 H1 2016 H2 2016 H1 2017
<INR 2.5 mn 60% 70% 67%
INR 2.5-5 mn 17% 19% 20%
INR 5-7.5 mn 9% 7% 8%
INR 7.5-10 mn 5% 3% 3%
> INR 10 mn 9% 1% 2%

6. Micro-market
split of
launches
6
1%
9%
17%
46%
27%
1%
10%
15%
40%
34%
0%
7%
25%
36%
32%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Central East North Rajarhat South
H1 2016 H2 2016 H1 2017
11,891 units 9,093 units 9,764 units

7. Micro-market
split of sales
7
1%
8%
24%
42%
25%
2%
11%
18%
35%
34%
1%
13%
21%
32% 33%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Central East North Rajarhat South
H1 2016 H1 2016 H1 2017
10,339 units 7,308 units 8,109 units

8. Residential
price index
8
95
100
105
110
115
120
125
130
Indexvalue(Q12013=100)
CPI Kolkata
CPI
KOLKATA

9. Analysis of
unsold inventory
and QTS
9
29,719
30,411
32,914
35,495
36,950
35,874
34,426
37,459
39,114
7
7
8
11
13
11
10
8
10.6
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
-
2
4
6
8
10
12
14
H1
2013
H2
2013
H1
2014
H2
2014
H1
2015
H2
2015
H1
2016
H2
2016
H1
2017
Unsoldinventory(no.ofunits)
QTS
Unsold inventory (RHS) QTS

10. Unsold
inventory
10
Unsold units Quarters-to-sell
Central 377 7.7
East 5,939 10.3
North 11,333 11.0
South 7,350 7.0
Rajarhat 14,116 9.1
Kolkata City 39,114 10.6

11. RESIDENTIAL
SUMMARY
H1 2017
11

12. Kolkata
Residential
January to June 2017
12
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