MONTHLY REALTY WATCH SOUTH INDIA - MAY Confidential for Private Circulation Only

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1 MONTHLY REALTY WATCH SOUTH INDIA - MAY 2016 Confidential for Private Circulation Only

2 Key Insights Residential launches in South India increased by 27% over March 2016 In Apr 16, launches in Chennai and Hyderabad witnessed a significant increase, together accounting for nearly 53% of the combined launches of Bengaluru, Chennai and Hyderabad. While Bengaluru witnessed a decline of in new launches over previous month Hyderabad saw a year-on-year price appreciation of about five per cent, with more residential demand coming for projects in proximity to the major IT hubs News & Deals: Mahaveer group has raised Rs.120 Crore from Xander Finance in a structured debt transaction to refinance a loan from PNB Housing Finance and to complete a 122-acre plotted development in South Bengaluru Google has signed an agreement with Bagmane World Technology Centre in Bengaluru to take about 1 lac sq.ft. of office space on lease BBMP (Bruhat Bengaluru Mahanagara Palike) capped the property tax increase at 20% for residential properties and 2 for non-residential properties in Bangalore. The hike in property tax has been partially rolled back as it touched 40% for residential buildings and 50% for commercial properties in few cases Andhra Pradesh government has decided to allow maximum 12 floors (G+11) in the residential zone, however for high rise buildings the developer must have a minimum of 1 acre in his possession Page 01

3 South India : Key new launches Apr 16 Bengaluru Project Name Developer Micro Market Type Launch Units Champions Square Orchid Whitefield Bren Goyal and Co Hariyana Group Sarjapur Road Post Railway Crossing Whitefield Hope Farm Junction Quoted Price (Rs./sq.ft.) Apartment 401 4,290 Apartment 283 4,290 Iris Mitta Group Hosur Villa 270 3,632 Vida Expat Anekal City Apartment 200 2,400 Buena Vista Brigade Budigere Cross Apartment 176 4,040 Sai Prithvi Elite Keystone Properties Kengeri Apartment 148 2,550 Ocimum Sanctum Phase - 1 Honeybee Projects Baliganapalli Villa 126 4,000 Chennai Spark Nest DS Max Jakkur Apartment 104 3,000 Trellis Appaswamy Real Estates Vadapalani Apartment 384 9,900 Royale Radiance Realty Poonamallee Apartment 247 3,700 Sammrudhi Nagar Muktha Housing Thirumazhisai Apartment 104 2,850 Lemongraz Ramky Wavoo Ambattur Apartment 88 3,899 Hyderabad Srinithi Jansen Infrastructure Padur Villa 68 4,500 Ushera Call Express Construction Sholinganallur Apartment 64 11,750 Residency Kalpataru Sanath Nagar Apartment 572 4,176 Magnus Salarpuria Toli Chowki Apartment 508 5,000 Page 02

4 Price Trends Key Localities in Bengaluru 9,000 8,000 % Change (Y-O-Y) 7% 7,000 *BSP (Rs./sq.ft.) 6,000 5,000 1% 10% 4,000 3% 3,000 Apr'15 Jul'15 Oct'15 Jan'16 Apr'16 Hebbal Yeshwantpur Sarjapur Road Till Wipro Hennur Whitefield Hope Farm Junction Bannerghatta Electronics City Page 03

5 Price Trends Key Localities in Chennai % Change Y-o-Y 7,500 2% *BSP (Rs./sq.ft.) 6,500 5,500 4,500 1% -3%. 3,500-2,500 2% Apr 15 Jul 15 Oct 15 Jan 16 Apr 16 Alandur Pallavaram Sholinganallur Tambaram Poonamallee Oragadam Page 04

6 Price Trends Key Localities in Hyderabad 9,500 % Change Y-o-Y 8,500 7,500 *BSP (Rs./sq.ft.) 6,500 5,500 2%. 4,500 3,500 7% 2,500 Apr 15 Jul 15 Oct 15 Jan 16 Apr 16 Banjara Hills Begumpet Boiguda Hitech City Gachibowli Manikonda Nizampet Page 05

7 CONTACT PROPTIGER FOR REAL ESTATE INSIGHTS: Detailed analysis of micro markets Market intelligence report Micro market surveys Price sensitivity analysis City dashboards and trends Demand assessment ANURAG JHANWAR, MRICS Head Consulting and Data Insights SUNIL MISHRA Chief Business Officer - Primary Business & Developer Solutions sunil.mishra@proptiger.com DISCLAIMER All data, figures, information provided hereto are provided and/or collated by Proptiger.com and that any of its representatives, officers, employees or affiliates makes no representations or warranties as to the accuracy or completeness of any information furnished hereto. This report has been prepared by Proptiger Data Labs solely for information purposes. It does not purport to be a complete description of the markets or developments contained in this material. The information on which this report is based has been obtained from sources that Proptiger believes in its reasonable bona fide faith to be reliable, but Proptiger has not independently verified such information and do not guarantee/ warranty the accuracy, genuineness or completeness of the information therein. This report contains information available to the public and has been relied upon by Proptiger on the basis that it is accurate and complete. Information contained herein should not, in whole or part, be published, reproduced or referred to without prior approval. Proptiger accepts no responsibility if this should prove not to be the case. Any such reproduction should be credited to Proptiger Data labs Proptiger.com. All rights reserved LIMITATION OF WARRANTY The Information is provided as is, without warranty of any kind, it has not been independently verified by Proptiger or Its Affiliates, Officers, Employees or Agents and use of the Information is at your sole risk. Proptiger or Its Affiliates, Officers, Employees or Agents shall not be liable and expressly disclaim liability for any error or omission in the content of the Information, or for any actions taken by you or any third party, in reliance thereon. The Information is not guaranteed to be error-free, or to be relied upon for investment purposes, and Proptiger or Its Affiliates, Officers, Employees or Agents make no representation or warranty as to the accuracy, truth, adequacy, timeliness or completeness, fitness for purpose, title, non-infringement of third party rights or continued availability of the Information, withdrawal without notice and to any special conditions imposed by our principals.