REAL INSIGHT

Annual Round-up 2020

REAL INSIGHTRESIDENTIAL

RE

CA

P

ALL INDIA RESIDENTIAL REAL ESTATE TRENDS

2020 – A year like no other4,0

5,3

10

3,6

1,1

30

2,9

0,8

40

2,9

6,7

10

2,4

4,2

50

1,2

2,4

303

,18

,83

0

2,9

5,3

80

2,7

4,8

70

3,5

0,7

30

3,4

7,5

90

1,8

2,6

40

2015 2016 2017 2018 2019 2020

NEW SUPPLY & SALES

Launches Sales

YoY 50% 47%Source: DataLabs, PropTiger Research *Units converted to nearest thousands

RECAP

Q1

35,670

Q2 Q3

12,560 19,860

NEW

SUPPLY

50% YoY

27% QoQ

81% YoY

65% QoQ

66% YoY

58% QoQ

Source: DataLabs, PropTiger Research *Units converted to nearest thousands

Pre-COVID Lockdown begins

Warm-up for festive season

RECAP

Q1



35,670

Q2 Q3

12,560 19,860

NEW

SUPPLY

50% YoY

27% QoQ

81% YoY

65% QoQ

66% YoY

58% QoQ

Festive season begins

Q4

54,33012% YoY

173% QoQ


RECAP

Q1

69,560

Q2 Q3

19,040 35,130

SALES

25% YoY

13% QoQ

79% YoY

73% QoQ

57% YoY

85% QoQ




RECAP

Q1



69,560

Q2 Q3

19,040 35,130

25% YoY

13% QoQ

79% YoY

73% QoQ

57% YoY

85% QoQ

Festive season begins

Q4

58,91027% YoY

68% QoQ

SALES


ROAD TO

RECOVERY

RE

CA

P

GST

recorded highest

collections in December

2020 since inception

Manufacturing

PMIreached 56.4 in

December 2020

Services

PMIabove 50-mark, at 52.3

in December 2020

Personal

Loanscontinues to perform

well, 10% YoY growth

in November 2020

Power

Consumption6.1% increase YoY in

December 2020

Virtual Residential

Demandat all time high in Q4

2020

Passenger

Vehicle Demand12.7% YoY growth from

pre-pandemic levels

Green shoots of revival in economy

Q4 2020 – ROAD TO RECOVERY

Source: DataLabs, PropTiger Research, RBI, Industry Sources

RE

CA

P

50

70

90

110

130

150

170

Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20

Lo

ckd

ow

n

Warm

-up

fo

r

festive

se

aso

n

Fe

stive

se

aso

n

be

gin

s

Source: PropTiger Research

*Virtual Residential Demand Index is a barometer to gauge online consumer interest for residential properties for buying within a given period in the top

eight cities. Base: Q1 2020

VIRTUAL RESIDENTIAL DEMAND INDEX*

Festive boost to virtual demand


RE

CA

PClosing in on the gap in final quarter



2017 2018 2019

TO

TAL S

ALES

3,5

0,7

30

3,4

7,5

90

1,8

2,6

40

63,350 91,960 80,250

2,7

4,8

70

Q4 SALES

23%

26% 23%

2020

32%

58,910

ALL INDIA RESIDENTIAL

REAL ESTATE TRENDS


NEW SUPPLY

71

,27

0

65

,24

0

59

,22

0

48

,53

0

35

,67

0

12

,56

0

19

,86

0 54

,33

0

1,2

2,4

20

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 2020

12% YoY

New launches in Q4 push the supply

tally to pre-COVID levels

NEW SUPPLY

NEW SUPPLY

173% QoQ


RE

CA

PHyderabad leads in new launches for

the quarter

NEW SUPPLY

CITY-WISE SPLIT OF NEW SUPPLY

City Q4 2019 Q4 2020

Hyderabad 2,410 12,720

Pune 9,770 10,770

Mumbai 19,300 10,070

Bengaluru 6,820 6,100

Delhi NCR 2,500 5,120

Chennai 3,560 4,890

Ahmedabad 3,350 3,000

Kolkata 820 1,660

All India 48,530 54,330

DELHI NCR

KOLKATAAHMEDABAD

MUMBAIPUNE

HYDERABAD

BENGALURU

CHENNAI

105% YoY

10% YoY102% YoY

48% YoY 10% YoY

427% YoY

10% YoY

37% YoY


RE

CA

P< INR 75 lakh segment drives supply

NEW SUPPLY

22

%

31

%

23

%

9% 1

5%

18

%

36

%

26

%

10

%

10

%

< INR 25 lakh INR 25-45 lakh INR 45-75 lakh INR 75-1 crore > INR 1 crore

Q4 2020

54,330

Q4 2019

48,530

Delhi NCR Pune Pune Hyderabad Hyderabad

Key Localities

Sector 95, Sector 37D (Gurugram)

Manjari Tathawade

TathawadeHinjewadi

MiyapurSangareddy

KokapetMalkajgiri

80%

Key CitiesQ4 20



SALES

92

,68

0

92

,76

0

81

,88

0

80

,25

0

69

,56

0

19

,04

0

35

,13

0

58

,91

0

1,8

2,6

40

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 2020

27% YoY

Demand inching back to pre-COVID

level

SALES

SALES

68% QoQ


RE

CA

PMumbai and Pune drive demand

SALES

CITY-WISE SPLIT OF SALES

City Q4 2019 Q4 2020

Mumbai 27,070 18,330

Pune 16,070 11,550

Bengaluru 8,140 7,660

Hyderabad 5,720 6,490

Delhi NCR 10,690 6,060

Chennai 3,470 3,180

Ahmedabad 5,980 3,120

Kolkata 3,110 2,520

All India 80,250 58,910

DELHI NCR

KOLKATAAHMEDABAD

MUMBAIPUNE

HYDERABAD

BENGALURU

CHENNAI

43% YoY

48% YoY19% YoY

32% YoY 28% YoY

13% YoY

6% YoY

8% YoY


RE

CA

PDemand concentrated in < INR 75 lakh

SALES

26

%

26

%

23

%

9%

16

%

24

%

24

%

25

%

9%

18

%

< INR 25 lakh INR 25-45 lakh INR 45-75 lakh INR 75-1 crore > INR 1 crore

Q4 2020

58,910

Q4 2019

80,250

Mumbai Pune Pune Pune Pune

Key Localities

BhiwandiNeral

Manjari Hinjewadi

Manjari Hinjewadi

BanerChinchwad

BanerKothrud

73%

Key CitiesQ4 20


TOP LOCALITIES

DRIVING SALES

Thane WestMumbai

DombivliMumbai

HinjewadiPune

BhiwandiMumbai

PanvelMumbai

WagholiPune

RavetPune Wakad

PuneManjariPune

TathawadePune

INR 10,300-10,700 / sq ft

INR 5,900-6,100 / sq ft

INR 5,500-5,700 / sq ft

INR 4,300-4,700 / sq ft

INR 6,000-6,200 / sq ft

INR 4,000-4,200 / sq ft INR 5,500-

5,700 / sq ftINR 5,100-5,300 / sq ft

INR 5,300-5,500 / sq ft

INR 6,200-6,500 / sq ft

Source: DataLabs, PropTiger Research

2BHK spearheads demand

SALES


2020 2019

1,82,640 3,47,590

Total Sales

30%

44%

23%

3% 1BHK

4+ BHK

3BHK

2BHK

2019

27%

45%

24%

4% 1BHK

4+ BHK

3BHK

2BHK

2020

7% 10% 12% 15% 18% 21%

93% 90% 88% 85% 82% 79%

2015 2016 2017 2018 2019 2020

Pe

rce

nta

ge

units s

old

Ready to move-in Under-construction

Demand for RTMI units on the rise

SALES

SALES – RTMI VS UNDER CONSTRUCTION

Total

Sales3,18,830 2,95,380 2,74,870 3,50,730 3,47,590 1,82,640


HOMEBUYERS SENTIMENTS - 2020

Economic outlook improves,

income outlook still cautious

homebuyers opine

economic scenario will

improve or stay same76%

Dec 2020 May 2020

76%

respondents still not

confident about their

income1/3rd

Work from home pushes

more people to look for

larger homes

47%

homebuyers want to

look for larger homes

47%

Dec 2020 May 2020

59%

33%

respondents prefer

RTMI63%

Economic outlook will improve or stay the same

Yes, I will look for a larger home

Flexible payment plans, discounts

and low mortgage rates important

to drive demand for the coming year

Real Estate remains the

preferred investment

asset class

Dec 2020

May 2020

Real Estate

Fixed Deposit

Stock Gold

43%

35%

21% 20% 16%

22% 15% 28%

Source: PropTiger Research

*The survey was undertaken by PropTiger Research and was conducted between April to May 2020 and September to December 2020, through stratified random sampling for fair representation across top eight cities.

The insights presented entirely represent the view of more than thousand potential homebuyers during each period.


UNSOLD INVENTORY &

PRICE TREND

Unsold inventory continues to reduce

UNSOLD INVENTORY

2019

7,18,4802020

9%

Hyderabad AhmedabadBengaluru Pune

Kolkata Chennai Mumbai Delhi NCR

INVENTORY OVERHANG

ALL INDIA

47 (3.9)

months (years)

29 (2.4) 38 (3.2)

42 (3.5)40 (3.3)

36 (3.0)

58 (4.8)

40 (3.3)

72 (6.0)


Muted price growth across cities

PRICE TREND

95

100

105

110

115

120

125

130

Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20

Ahmedabad Bengaluru Delhi NCR Chennai Hyderabad

Kolkata Mumbai Pune CPI

Hyderabad

Ahmedabad

Bengaluru

KolkataPune

Mumbai

Delhi NCR

Chennai

CPI

Ahmedabad (7%) and Hyderabad (5%) show maximum price appreciation in Q4 2020

Source: DataLabs, PropTiger Research *Indexed as per CPI Inflation, Weighted Average Price is for new supply

WEIGHTED AVERGAGE PRICE*

Key Highlights


• New supply and sales inching back to pre-COVID levels

• Hyderabad dominates new supply

• Units in <INR 75 lakh continue to drive fresh supply

• Pune and Mumbai contribute most (51%) to sales

• Demand concentrated in < INR 75 lakh price bracket

• End user interest invigorates prices in Ahmedabad and Hyderabad

• Unsold Inventory continues to decline

• Festive boost, relief measures and pent-up demand set residential real estate

market on revival path

Disclaimer: The analysis presented on real estate trends in India are indicative of market trends. The data has been tracked and collected across eight cities for nearly 20,000 projects. Utmost care has been taken to providethe complete market picture however these trends present estimates and should not be relied upon in anyway. The data for sales is collected through primary survey carried out by our field agents and the data for newlaunches is as per the projects registered under the Real Estate Regulatory Act (RERA). The report published is for general information only. Although high standards have been used for analysis in this report, no responsibilityor liability whatsoever can be accepted by PropTiger.com for any loss or damage resulting from any use of, reliance on or reference to the content of this document. As a general report, this material does not necessarilyrepresent the views of PropTiger.com in relation to particular properties or projects. Reproduction of this report in whole or in part is nor allowed without prior written approval of PropTiger.com to the form and contentwithin which it appears.

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Annual Round-up 2020

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