PropInde2 S Magicbricks NOIDA- GlzNOIDA...PropInde2 S Magicbricks NOIDA- GlzNOIDA Jofs-S_j 2020 Residential Market Insights Twin cities witnessed fast recovery in the number of searches

PropIndex | Magicbricks NOIDA- Gr.NOIDAJuly-Sep 2020

Residential Market Insights

Twin cities witnessed fast recovery in the number of searches

The recovery in the residential market of NOIDA and Greater NOIDA was quite visible, with searches havingsurpassed pre-COVID levels during Q3 2020. The rebound in searches was primarily due to lifting of the lockdown andopening of economic activities. While the online searches for properties witnessed a dip of 18% in the Apr-Junquarter, we observed that in the Jul-Sep quarter, searches bounced back to the pre-COVID level.

Additionally, opening of the Delhi border and various confidence-boosting initiatives by UP-RERA, including settingprovisions to seek immediate refund after a builder misses a project deadline and plans to auction the properties(unsold inventory and vacant land) of builders who have defaulted, helped in boosting buyers' confidence.

Market DynamicsParameters India NOIDA-Gr. NOIDA

Demand+ 53.1% 42.1%Supply++ -9.1% 0.5% Price Index+++ 0.3% 1.8%

Notes:Above parameters represent QoQ change in Q3 2020 atIndia and city level + change in volume of property searches ++ change in volume of active listings +++ change in the weighted average price

Source: Magicbricks Research

Ready to Move Price Index

2016

2017

2018

2019

2020

2021

3,000

4,000

5,000

6,000

Average Price INR per sqft NOIDA

Gr. NOIDA

"Preference forReady-to-moveproperties led to aQoQ price increase of1.3% and 2.3% inNOIDA & Gr. NOIDA

markets,respectively."

City 5 Year YoY QoQ

NOIDA

Gr. NOIDA 2.3%0.6%-5.3%

1.3%1.6%-6.4%

Notes:1. Ready to move price index represents the weighted average price of completed properties on Magicbricks website as on Sep 20202. The trend line represents the average prices of dominant asset class in each locality of the city. Source: Magicbricks Research

Key Developers based on activelistings

ATS Infrastructure

Gaurs Group

Supertech

Jaypee Greens

Mahagun Group

ACE Group

Gulshan Homz

ABA Corp.

Purvanchal Projects

Prateek Group

Nirala India

Ajnara India Ltd. #

#

#

#

#

#

#

#

#

#

#

#

Note: The above table represents the top developers byshare of active listings on Magicbricks website in Q32020


Under Construction Price Index

2016

2017

2018

2019

2020

2021

3,000

4,000

5,000

6,000

Averge Price INR per sqft

Gr. NOIDA

NOIDA

"Theunder-constructionproperties showed0.1% and 1.2% QoQdecline in NOIDA & Gr.NOIDA, respectively."

City 5 Year YoY QoQ

NOIDA

Gr. NOIDA -1.2%-5.2%-4.3%

-0.1%1.4%0.0%

Note:1. Under-construction price index represents the weighted average price of under-construction properties on Magicbricks website as on Sep 20202. The trend line represents the average prices of dominant asset class in each locality of the city.


Key Projects

Project Name Locality

Fusion Homes NOIDA Ext.

Paras Tierea Sector 137

Gaur Saundaryam Gr. NOIDA West

Supertech Capetown Sector 74

Gaur Atulyam Omicron 1

Gaur City Gr. NOIDA West

Cherry County NOIDA Ext.

Mahagun Moderne Sector 78

ATS Dolce Zeta 1

Mahagun Mywoods NOIDA Ext.

ATS Pristine Sector 150

V Heights Sector 44

Note:The above table represents the top projects by consumerpreference on Magicbricks website in Q3 2020


Average changes in prices for localities in various price segments

< 4,000 4,000-5,000 5,000-6,000 > 6,000

RM UC

RM UC

RM UC

RM UC

-4.1%

2.5%

-1.1%

1.2% 1.3% 1.3%0.7%

1.2%"Ready-to-move

properties witnessedincrease across price

segments due to decliningconfidence in

under-constructionproperties."

Note:Above table represents the price changes for Ready to move (RM) and Under construction (UC) properties for dominant asset classes in each locality under various pricebuckets as on Sep 2020


In the News

- As per the 'Zero Period' policy, theNOIDA Authorities has extended thedeadline for completing pendingprojects till December 2021 fordevelopers who were due to providehomes by June 2021.

- Noida Metro Rail Corporation (NMRC)announced the second arm of Aqua Linewhich will connect Sector 142 MetroStation with Botanical Garden MetroStation of the Delhi Metro.

- The Supreme Court has directedSBICap to issue INR 625 crore from theSWAMIH Investment Fund for sixprojects of the Amrapali Group.

© magicbricks.com Page 1

Demand Supply Analysis NOIDA - Gr. NOIDA | July-Sep 2020

1 BHK5%

2 BHK33%

3 BHK52%

Above 3 BHK11%

DEMAND

Above 3 BHK11%

3 BHK50%

2 BHK36%

1 BHK3%

SUPPLY

5,000-6,00019%

4,000-5,00023%

> 6,00016%

< 4,00043%

SUPPLY

Techzone 4

Sector 134

Sector 150

Ecotech 3

Sector 16

Sector 21

Sector 94

Gamma 2

Surajpur

Sector 1

Sector 4

Patwari

C Block

Eta 2

C-16

PI 2

Sector 137

Sector 78

© 2020 Mapbox © OpenStreetMap

Propensity of demand and supply in terms of searches andlistings by localities

Top Micromarkets by Consumer Searches

NOIDA 7X 4000-7000

Greater NOIDA West 2900-4100

NOIDA Expressway (S) 2700-5800

NOIDA Expressway (N) 3900-13400

Vikas Marg 4000-8400

Omega-Chi-Phi 3600-5200

Central NOIDA 4900-7600

11

22

33

44

55

76

67

Micro Market Price Range RankQ3-20

RankQ2-20

NOIDA 7X 4000-7000

NOIDA Expressway (S) 2700-5800

NOIDA Expressway (N)3900-13400

Vikas Marg 4000-8400

Jaypee Wish Town 3400-7900

Greater NOIDA West 2900-4100

Dadri Main Road 2700-7900

11

22

33

44

55

76

67

Micro Market Price Range RankQ3-20

RankQ2-20

Top Micromarkets by active listings

Surge in demand for 3BHKconfiguration

- We observed an growing inclination towards3BHK homes in both NOIDA and Gr. NOIDA withthe searches in this category having witnessed anincrease in Q3-2020. it could be due to the shift inbuyers' sentiments towards family orientedhomes.- The demand for 3BHK was more than half of thetotal demand (consumer preference) and supply(active listing) across various configurations.

"The demand-supply mismatch almostvanished in NOIDA/Greater NOIDAregion in Q3 2020, for both unit

configurations and price ranges withbuyer demand and property listingsalmost consistent across the

parameters."

- While 43% buyers preferred to buy in areas withprice range below INR 4,000 per sqft, a shift indemand to higher price buckets was also observed.In Q3 2020, 7% of buyers moved from sub-4000price bucket to higher buckets.

- NOIDA 7X and Greater NOIDA West remained themost-sought micro-markets. Moreover,announcement of major infrastructuredevelopment projects like the extension of AquaLine boosted the demand for NOIDA Extention.

- Demand was mostly concentrated in thetraditional high supply areas, including NOIDA 7Xand NOIDA Expressway South areas in NOIDA, andGreater NOIDA West and societies around PariChowk in Greater NOIDA.

Notes:1. Demand represents property searches on Magicbricks website during Q3 2020, segregated by Bedroom, Hall, Kitchen (BHK) configuration2. Supply represents active listings on Magicbricks website during Q3 2020, segregated by BHK configuration


3BHK highest in demand followed by 2 BHK configurations

Highest demand in >INR 4000 per sqft price range

Notes:1. Demand represents property searches on Magicbricks website during Q3 2020, segregated by price buckets2. Supply represents active listings on Magicbricks website during Q3 2020, segregated by price buckets


Note:1. Above map depicts the key localities of the city, with the size of the bubble depicting demand (consumer preference) /supply (active listings) forproperties in the localities on Magicbricks website in Q3 20202. This is an interactive map available on Magicbricks.com under Propindex section.Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.


Note:1. Top micro-markets of the city, ranked by their active listings onMagicbricks in Q3 20202. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.


Note:1. Top micro-markets of the city, ranked by number of searches onMagicbricks in Q3 20202. Price ranges represent the range of avg locality prices in themicromarket in INR per sqft.


Demand/SupplySupply

5,000-6,00018%

4,000-5,00023%

> 6,00016%

< 4,00043%

DEMAND


Price Analysis NOIDA - Gr. NOIDA | July-Sep 2020

Q3 2020 | Price Changes in Key Localities

Locality Avg.Price

PriceChange

Greater Noida West

Noida Extension

Omicron 3

PI 1 & 2

Sector 1

Sector 49

Sector 134

Sector 151

Surajpur

Tech Zone 0.0%

6.0%

5.5%

4.7%

0.0%

-2.5%

7.5%

5.1%

-1.0%

4.5%

3,715

3,398

3,179

3,955

3,462

3,534

3,312

3,520

3,617

3,878

Locality Avg. Price PriceChange

Pari Chowk

Sector 70

Sector 118

Sector 119

Sector 137

Sector 143

Sector 143 B

Sector 168 6.2%

-2.4%

-0.2%

-2.3%

1.5%

3.2%

4.9%

-1.2%

4,893

4,802

4,861

4,830

4,878

4,704

4,849

4,367


Sector 62

Sector 74

Sector 75

Sector 76

Sector 77

Sector 78

Sector 79

Sector 93

Sector 93A

Sector 100

Sector 120

Sector 150 0.0%

1.6%

3.6%

6.7%

-0.5%

-1.2%

4.2%

1.2%

-1.2%

-3.0%

1.8%

3.5%

5,790

5,085

5,609

5,619

5,690

5,579

5,741

5,457

5,207

5,212

5,071

5,379


Sector 29

Sector 37

Sector 45

Sector 50

Sector 61

Sector 93B

Sector 94

Sector 104

Sector 107

Sector 108

Sector 121

Sector 128 5.2%

0.7%

5.2%

-5.5%

0.3%

-1.6%

7.5%

1.2%

-4.3%

-0.5%

-6.8%

7.5%

6,345

6,920

6,763

6,556

8,674

11,290

7,422

6,259

6,222

6,654

6,262

6,750

< INR 4000 psf INR 4,000-5,000 psf INR 5,000-6,000 psf > INR 6,000 psf

Note:1. Size of the bubble depicts demand, measured by volume of property searches in localities in Q3 20202. Color of the bubble represents price change in Q3 2020, with green color representing price increase and red color price decrease.3. This is an interactive map available on Magicbricks.com under Propindex section.Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

- Price decline was mostly concentrated along the Aqua Line of the NOIDA Metro, in prominent localities including Sectors 50, 75, 79, 137 and 143 in the northernpart, and Sector 150 in the southern part of NOIDA. In Greater NOIDA, the price decline was concentrated in societies around Pari Chowk.

- Price increments were observed in localities along the NOIDA-Greater NOIDA Expressway. However, the volumes of consumer searches remained high inCentral NOIDA and NOIDA Extension.


Note:1. Above is the list of major localities of the city, with information about their average prices and QoQ price changes in Q3 2020. This is an interactive table available on Magicbricks.com under Propindex section.2. The locality prices are calculated by averaging the prices of all properties in a locality in multi-storey and builder floor segment, after removing the outlier properties that might distort the overall prices.3. The four tables above categorize the localities in various price buckets.4. The color of the numbers represents the price change in Q3 2020, with green color representing price increase, red color price decrease, and grey as neutral. Source: Magicbricks Research

Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Ankur Upadhyay | Data Manager Suneet Saxena | Asst. [email protected] [email protected] [email protected] [email protected]

Please go to https://property.magicbricks.com/microsite/buy/propindex/ to access the full dashboard.

Disclaimer: The data represented above is compiled by MagicBricks from multiple sources. MagicBricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information and does not acceptany liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions.

For more information and research related queries, please contact:

Sector 1210.7%

Sector 1344.7%

Sector 1500.0%

Chamrawali Bodaki

Sector 94-1.6%

Knowledge Park 5

Surajpur6.0%

Sector 1-2.5%

Techzone 4

Sector 144

Ecotech 3

Sector 10Sector 16

Sector-Pi

Sector 4C Block

Eta 2

Phi 4

Chi 4

C-16

Sector 137-2.3%

Sector 784.2%

© 2020 Mapbox © OpenStreetMap

-7.5% 7.5%


-5% -2.5% 0% 2.5% 5%

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PropInde2 S Magicbricks NOIDA- GlzNOIDA...PropInde2 S Magicbricks NOIDA- GlzNOIDA Jofs-S_j 2020 Residential Market Insights Twin cities witnessed fast recovery in the number of searches