Bangalore Residential Research Report Jan 2017

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Dear Reader,
Welcome to LJ Hooker India’s year-end research report for 2016 released in the month of
January 2017. This report is compiled to give the reader an understanding of the general
residential market in Bengaluru, particularly the Supply and Demand scenario of the market.
The report contains an integrated research by the LJ Hooker India team, tracking trends from
over 1,775 primary Bengaluru’s residential projects.
The report covers all the significant projects located in various micro-markets across the city,
but the data analysis does not represent the entire market. The data has elucidated the trends
of the Supply, Demand and Capital Value in the residential sector of the city over the last 4
years on a half yearly basis.
 Part One comprises of the general economic conditions and their probable affect on
the Bengaluru Residential Real Estate market.
 Part Two of the report analyzes data from over 1,775 primary residential projects
across Bengaluru.
 Part Three of the report comprises of a detailed list of ongoing residential
developments across the city.
We hope that you will find this report to be interesting and informative. And we would be
happy to get a feedback from you. Please feel free to contact the LJ Hooker team for any
clarifications.
Kind Regards,
Anuj Nautiyal
THIS REPORT CONTAINS THREE SEPARATE AND DISTINCT SECTIONS FOR REVIEW:
1. Macro-economic review and predictions
2. Snapshot statistical report of the Bengaluru residential market
3. Primary project by project source data
IMPORTANT NOTES -TO BE READ IN CONJUNCTION WITH THIS REPORT
This report is compiled from primary data sourced by the in-house LJ Hooker research team from developers,
prospective customers as well as general market information and previously published works.
LJ Hooker does not make any claim as to the comprehensiveness or accuracy of this information or comments provided,
and this information should not be used by third parties or relied upon when making financial decisions. The reader
should at all times rely on their own independent research and information, and use this report as a guide only.
LJ Hooker has taken due care in the collection of the data, however, LJ Hooker does not warrant the accuracy of the
information provided in this presentation.
The presentation is available only on an "as is” basis and without any warranties expressed or implied. LJ Hooker
disclaims all warranties including any implied warranty of merchantability and fitness for any purpose.
Without prejudice to the above, LJ Hooker will not be liable for any kind of damage arising from the use of this
presentation, including, but not limited to direct, indirect, incidental, punitive, special, consequential and/or exemplary
damages including but not limited to damages for loss or profit goodwill resulting from:
 The erroneousness and/or inaccuracy of the information
 Any action taken, proceeding initiated, transaction entered into, on the basis of the information available in this
presentation
If you believe there are any omissions or inaccuracies in the report we would request you to write to research@ljh.in.

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TABLE OF CONTENTS
1 PART – I MACRO ECONOMIC REVIEW AND PREDICTIONS..............................................................5
1.1 EXECUTIVE SUMMARY – MACRO MARKET CONDITIONS .......................................................5
1.1.1 INTRODUCTION...............................................................................................................5
1.2 PREDICTION FOR THE BANGALORE RESIDENTIAL MARKET....................................................7
1.2.1 GENERAL COMMENT ......................................................................................................7
1.2.2 PREDICTION FOR THE YEAR 2017....................................................................................8
2 PART – II STATISTICAL REPORT ON BENGALURU RESIDENTIAL MARKET........................................9
2.1 EXECUTIVE SUMMARY ............................................................................................................9
2.2 BENGALURU PRIMARY RESIDENTIAL MARKET – MACRO ANALYSIS.....................................11
2.2.1 KEY INDICATORS............................................................................................................11
2.2.2 KEY AVERAGES YEARLY TRENDS....................................................................................11
2.2.3 DEVELOPMENT WISE PRICE TREND ..............................................................................12
2.2.4 DEVELOPMENT WISE PERFORMANCE INDICATORS .....................................................12
2.2.5 REGION WISE PRICE TREND ..........................................................................................13
2.2.6 REGION WISE PERFORMANCE INDICATORS .................................................................14
2.2.7 INVENTORY MOVEMENT DURING LAST 6 MONTH.......................................................15
2.2.8 YEARLY LAUNCHES COMPARISON ................................................................................16
2.2.9 RESIDENTIAL MARKET DYNAMICS ................................................................................17
2.2.10 DETAILED ANALYSIS ON THE BUDGET CATEGORIES .....................................................18
2.2.11 REGION WISE RESIDENTIAL MARKET DYNAMICS .........................................................21
2.2.12 PROMINENT/EMERGING RESIDENTIAL CLUSTERS AROUND BENGALURU...................23
2.2.13 PRICE MOVEMENT OF THE TOP 25 LOCATIONS – APARTMENT DEVELOPMENTS .......24
3 PART- III PRIMARY PROJECT SOURCE DATA ....................................................................26
3.1 APARTMENT DEVELOPMENTS - SAMPLE DATA....................................................................26

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1 PART – I MACRO ECONOMIC REVIEW AND PREDICTIONS
1.1 EXECUTIVE SUMMARY – MACRO MARKET CONDITIONS
1.1.1 INTRODUCTION
The year 2016 passed with a mixed feeling of hope and apprehension. The growth of the
economy has been going through an organized correction phase. India's Gross Domestic Product
(GDP) advanced 7.3 percent year-on-year in the third quarter of 2016, following 7.1 percent
expansion in the previous period and missing market expectations of 7.5 percent growth. Private
consumption expanded at a faster pace while government spending stalled and fixed investment
depreciated.
The Reserve Bank of India unexpectedly left its benchmark repo rate unchanged at a six-year low of
6.25 percent during the meeting held on December 7th despite wide expectations of a rate cut,
following a severe cash crisis.
Indian banks have started cutting lending rates after a massive inflow of deposits spurred by the
demonetization of high-value banknotes led to a significant reduction in the cost of funds. Some of
the major nationalized banks cut their lending rates by upto 90 bps.
Consumer prices in India increased to 3.63 percent year-on-year in November 2016, following a 4.2
percent rise in October which is well below market expectations of 3.9 percent. It was the lowest
inflation rate since November 2014, as the food inflation eased for the fourth straight month to
2.56 percent.
The real estate sector is the driving force behind the growth of the Indian economy. It is the second
largest employment generator and GDP contributor in the country where it contributes about 7.8%
to India’s GDP.
In the recent years the Indian Governement has introduced numeous reforms to bring in
transparency into the real estate sector. The Real Estate Regulatory Act (RERA) and the Goods and
Services Tax (GST), Real Estate Investment Trusts (REITs), Benami transaction (Prohibition)
amendment act to the latest Demonetization — have all been implemented for improving the ease
of doing business in this sector, as well as for amplifying investor confidence. After implementation,
these policy changes are likely to attract more institutional investments into the Indian realty
market — from domestic as well as foreign institutions.
 Real Estate Investment Trusts(REIT)
For investors who are averse to investing in physical purchase of property due to the risks
involved, REIT is an alternative. According to Reserve Bank of India’s data, loans to the commercial
real estate sector were at Rs1.82 trillion as on 19th
of August 2016, compared to Rs1.66 trillion in
the year 2015. High debt levels of large unlisted realty firms are instigating them to enforce
measures to cut the cost of debt, or opt for a real estate investment trust (REIT) or an initial public
offer (IPO) to unlock value. Characteristically, office developers stick to the lease rental discounting
(LRD) model, where the debt is paid off by the rental income generated from a project; as the REIT
will help generate additional income.
In September, 2016 SEBI approved relaxations to existing norms to facilitate growth of Real Estate
Investment Trusts (REITs) and Infrastructure Investment Trusts (Inv ITs). Indian real estate is likely
to provide investment opportunity worth up to $77 billion through REIT across the country's top
seven cities by 2020. The commercial office stock is estimated to have a total value of $44 billion to
$53 billion. In retail assets, the estimated value of REIT is between $20 billion to $24 billion. About
78 per cent (41 million sq. ft.) of these malls are completed and operational, while the remaining
11 million Sq. ft. are under construction and scheduled to be completed by 2018. In commercial
stock, the highest value of REIT-eligible stock, including under-construction, seen in Bengaluru is
approximately between $12.3 billion to $15 billion followed by Mumbai which is approximately

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between $8.9 billion to $10.9 billion and Delhi-NCR approximately between $8.7 billion to $10.6
billion in terms of value of REIT-eligible stock. The year 2016 is expected to record the highest
annual investments of $3.6 billion made in this asset class since 2008. REITs have a huge opportunity
for developers and investors in Indian real estate market
 Real Estate Regulation and Development Act, 2016 (RERA)
RERA is beneficial to protect the interest of property buyers and to make the proceedings
in the sector more transparent and accountable, and also to give a sense of clarity to both buyers
and sellers.
The Bill was drafted in the year 2013 and has undergone a series of changes since then. The
Amendments to the Bill were approved in April 2015. After much delay the Bill was passed by the
Rajya Sabha and Lok Sabha on 10th March 2016 and 15th March 2016 respectively. It received the
Presidential nod on March 25th, 2016. The RERA act was first implemented by Gujarat and Uttar
Pradesh on 29 October 2016 and the rest of the states and union territories would be expected to
implement the RERA before April 2017.
 Goods and Services Tax (GST)
After a lot of discussion GST was passed by the government on 8th August 2016. GST will
ensure the abolition of various central, state and local taxes, enabling easier transfer of goods
between states, which would give way for larger, centralized and advanced warehouses that would
serve as hubs to provide service to various states. Developers would see lesser burden of tax on
input items like cement, steel, etc., as tax credits would be available as a set off at various stages.
This can lead to lower construction costs for developers across all asset classes, which could likely
be passed on to property buyers / occupiers. GST is likely to make real estate developers shift focus
to high volume, low to medium housing. The implementation of GST will be a big incentive for
bringing new investments into India and eventually will foster the growth of the Indian economy.
 Benami Act
Benami Transactions (Prohibition) Amendment Act, 2016 (BTP Amendment Act), came into
force from 1st November 2016. Punishment has been increased to seven years for those who have
invested in the Benami properties and five years for those who knowingly give false information to
others into such transactions. The former will have to pay a penalty of 25% of the fair market value
of the Benami property and the latter are liable to pay 10% of the fair value of the property. Almost
30% of transactions were in the Benami properties but this number has come down considerably,
especially since the market has been stagnant for some years and also the investors’ interest has
gone down. Currently, exposure of the Benami properties is not more than 5% to 10%. This Act also
kept a check for the unaccounted money to be floated into the real estate sector.
 Demonetization
Demonetization is the act of stripping a currency unit of its status as a legal tender.
Demonetization is necessary whenever there is a change of national currency. The old unit of
currency must retire from circulation to be replaced by a new currency unit.
Government of India, dated November 8, 2016 have withdrawn the Legal Tender status of ₹ 500
and ₹ 1,000 denominations of banknotes of the Mahatma Gandhi Series issued by the Reserve Bank
of India till November 8, 2016. This is necessitated to tackle counterfeiting of Indian banknotes, to
effectively nullify black money hoarded in cash and curb funding of terrorism with fake notes.

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1.2 PREDICTION FOR THE BANGALORE RESIDENTIAL MARKET
1.2.1 GENERAL COMMENT
As mentioned in the above pages most of the reforms are at the executional stage and
the stake holders of the industry have been observing the changes and also trying to
cope up with these reforms.
Like any other industry real estate too was impacted due to these reforms as far as the
business is concerned especially in the residential market, moreover past few years’
residential market has been witnessing a weakening trends in the absorption as well as
in the capital value appreciation as a result to economic slowdown.
Bangalore residential market recorded the lowest residential launches during the year
2016. The launches were 15.9 Mn. Sq. ft. which is a drop of 70% when compared to the
year 2015. Besides, sales velocity has decpreciated to a lower rate of 0.9% and this in
turn has made the Months Inventory level shoot up.
Since the beginning of 2015, the Bangalore primary residential market has been
witnessing a slowdown by 16% bi-annually; this trend caused piling up of inventories
which in turn resulted in lowering trend in the new launches. Hence developers are now
safeguarding themselves by focusing on offloading the existing inventories rather than
designing new launch plans.
 Positive drive in the commercial/Office Space
However, the commercial/office space absorption in India saw a positive trend.
According to the industry experts, the year 2015 and 2016 saw a similar demand where
it approximately touched 30 Mn Sq. ft. where the Bangalore market alone contributed
to about 24% of it. And they also believe that the commercial real estate market in India
would continue to grow at a steady pace. Positive changes in policy and regulations have
given a further boost to the sector.
 Demonetization impact on real estate
Real estate has traditionally seen a high involvement of black money and cash
transactions. But, almost all such incidences have been in the secondary sales market,
where cash components were traditionally high and inevitable. Thus, resale market is
expected to take the major hit.
The luxury and high-end segments of residential real estate will also see a major impact
from this exercise, since it is another area which has seen a lot of payments done in cash.
The legal banking/financing channels have accounted for only a small part of all
transactions in this space.
The primary market - or, more specifically, the market formed by projects undertaken
by reputed and credible developers in the top 8 Indian cities - will remain more or less
unaffected. This is because buyers of such projects take the home loans/finance route
to buy their homes, and transactions are mediated through legal channels. Therefore,
there will not be any major impact on sales in this segment. However, there might be an
impact on quite a few projects in tier 2 or 3 cities where cash has played a role even in
primary residential sales. Nevertheless, the turmoil in this segment will settle down in a
short period of time.

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1.2.2 PREDICTION FOR THE YEAR 2017
While the real estate industry in common and residential market in specific is going
through a correction phase influenced by both direct and indirect forces, they are likely
to take a longer time to settle.
Since November 8th after the notification on Demonetization, the residential market
transaction in Bangalore abruptly witnessed a downfall. After which the buyers were
demanding more discounts while the developers/sellers were not in a position to offer
anymore discounts as the price already existed at a discounted rate. Under such
circumstances, residential transactions will take place only among the serious
participants and market is expected to become more mature by the time.
Buyers may believe that it is the favorable time to buy properties due to the negative
sentiment that has swept across the realty sector. Thus, they will likely make use of this
scenario to find the best property which is reasonably priced.
In the long run, the Demonetization move will enhance confidence and transparency
among all the stake holders of the real estate industry aiding the global investors looking
out for large investment opportunities in the real estate sector.
We are very optimistic about the long term benefits to the industry as once all the
previously mentioned regulations are in place; the industry will turn out to be stronger
and consistent. We also anticipate that there will be a delay in the new launches that
will continue for another 6 to 9 months with a slow rate of progress.
With regards to Capital Value correction in the Primary Residential Real Estate, the
actual deal may happen at discounted rate of 5 to 15% range. But the asking price is not
expected to correct further as to protect the interest of existing buyers who bought at
lower price from the builder/developers.
However, Bangalore is experiencing concurrent and consistent Commercial/Office
transactions in the past few years. This is because in terms of corporate demand for
office space, the city is at its highest peak which is likely to influence and increase
demand in the Residential Market as well.

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2 PART – II STATISTICAL REPORT ON BENGALURU RESIDENTIAL
MARKET
2.1 EXECUTIVE SUMMARY
KEY HIGHLIGHTS
 During Second Half of the year 2016, Bangalore Primary Residential Apartment market
recorded the lowest project launches with 4.5 million which is almost 60% drop compared
to the first half of 2016.
 Appreciation in the Capital Value has been nominal as it grows at a CAGR (Compounded
Annual Growth Rate) of 2.5%.
 Bangalore Residential Market has been witnessing a slowdown since first half of 2015; the
Sales Velocity has come down to 0.90% which is the lowest rate recorded since 2013.
 Months Inventory stretched to 39.96 months which is 19% increase from the last year.
 The average capital value of residential developments stands at INR 5,314 per Sq. ft.
SIGNIFICANT FLUCTUATIONS
 Average ticket size of an apartment in Bangalore reduced to INR 98 lakh which is 7.5% drop
from the last year.
 The average capital value of an apartment stands at INR 5,153/- per Sq. ft. where it observed
a slight drop by 0.4% compared to last year’s value of INR 5,175/- per Sq. ft.
 Sales Velocity of Apartment Developments recorded an all time low rate with 0.9% which is
almost 18% decline from the previous year from a Sales Velocity of 1.1%.
 Villa Developments observed the lowest Sales Velocity followed by Row House Developments
by 0.7% and 0.8% respectively.
 Months Inventory of Villa and Apartment has increased by 52.7% and 17.4% respectively,
while Row Houses and Plots have dropped by 21.6% and 3.2% correspondingly.
 Villa Developments observed the highest Months Inventory of 43.6 months followed by
Apartment of 36.7 months.
REGIONAL SCENARIO
 North-west region attained the highest CAGR of 7.3% followed by South-east with 6.4%,
whereas North-east and Central Bangalore observed the lowest CAGR by 2.8% and 1.1%
respectively.
 Central Bangalore has witnessed 37.5% increase in its Sales Velocity to 1.6% from 1.2%.
 North-west region observed the highest drop in its Sales Velocity by -42.7% followed by
North-east -24%
 North-east, South-east and South-west observed the matching Sales Velocity of 0.9% during
the period
 North-west region witnessed the highest increase in its Months Inventory level by 50.3% from
21.4 months to 32.2 months followed by South-east by 22% from 31.6 months to 38.6 months.
 The Highest level of Months Inventory lies in the South-west Region with 42.4 months of
Inventory followed by South-east with 38.6 Months

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NEW LAUNCHES
 During the 2nd
half of 2016; Bangalore Apartment market recorded the lowest project
launches by 4.5 million which is almost 60% drop compared to the first half of 2016. Whereas
the same period of last year (2nd Half of year 2015) the new launches were 22.68 Mn Sq. ft.
which is 5 times higher than the current launches.
 The average capital value of the yearly launches has bounced back to INR 4,651 per Sq. ft.
which is nominal changes of 1% from the first half of year 2013 average Capital Value.
ADDITIONAL FACTS
 Unsold Inventory reached to 109,159 units which is a slight increased by 3.4% from the first
half 2016. The Apartment segment contributes 93,420 units which is 86% of total unsold.
 The value of Unsold Inventory lying in the apartments segment touched to 72,823 crores
which is an addition of 573 crores to the value cited in the 1st
half of 2016 year report.
 Central Region of Bangalore contributes 9% of the Value of Unsold despite it shares only 2%
of the total Unsold Inventory in units.
 Budget Homes (30-60 Lakh) contributes 43% of the Unsold Inventory in units followed by
Mid-Range Homes (60L-1 Crore) with 31%. While the value of Unsold Inventory is concerned,
Premium Homes (1-3 Crore) contributes the highest with 33%.
 Unsold Inventory of Apartment under the Value Homes has increased by 17% from the first
half of 2016. Currently the Unsold Inventory lies at 4.2 Mn Sq.ft. which is valued at INR 1,165
crores.
 The Sales Velocity of apartment under Value Homes segment has dropped to 0.9% from the
last period, whereas Plotted Development’s Sales Velocity increased to 1.44%.
 The Sales Velocity of Budgeted Apartments have slightly fell by 4% and Months Inventory
touched to 34.9 months

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2.2 BENGALURU PRIMARY RESIDENTIAL MARKET – MACRO ANALYSIS
2.2.1 KEY INDICATORS
YoY Sales Velocity Months Inventory Average Price Psf
JAN - 2013 2.90% 11.70 4,702
JAN - 2014 2.2% (-24.1%) 15.9 (35.9%) 4,936 (5.0%)
JAN - 2015 2.2% (0.0%) 16.38 (3.0%) 4,866 (-1.4%)
JAN - 2016 1.1% (-50.0%) 31.11 (89.9%) 5,333 (9.6%)
JAN - 2017 0.9% (-18.0%) 36.96 (18.8%) 5,314 (-0.4%)
CAGR -20.8% 25.9% 2.5%
Bangalore residential market has been witnessing a slowdown since first
half 2015, the Sales Velocity has come down to 0.90% which is the lowest
rate recorded since 2013.
Months Inventory stretched to 39.96 months which is 19% increase from
the last year.
The average capital value stands at INR 5,314 per Sq. ft. the increase in
the Capital Value has not been promising for the last 5 years as it gives
only at a CAGR (Compounded Annual Growth Rate) of 2.5%.
2.2.2 KEY AVERAGES YEARLY TRENDS
Type Average Ticket Size in lakhs (INR) Average Size
Jan-14 Jan-15 Jan-16 Jan-17 Jan-14 Jan-15 Jan-16 Jan-17
Apartment 99 90 (-9.1%) 106(17.8%) 98 (-7.5%) 1,655 1,609 (-2.8%) 1,657 (3%) 1,615 (-2.5%)
Row House 183 183 (.3%) 226(23.5%) 269 (19%) 2,932 2,971 (1.3%) 3,107 (4.6%) 3,292 (6%)
Villa 255 213 (-16%) 233 (9.4%) 232 (-0.4%) 3,522 3,266 (-7.3%) 3,287 (.6%) 3,261 (-.8%)
Average ticket size of an apartment in Bangalore plunged to INR 98 lakh
which is 7.5% decline from last year.
Row house ticket size is up by 19% from the last year while the Villa unit
price has fell at 0.4%
2.89%
4.22%
2.15% 2.26% 2.19%
1.59%
1.12% 1.02% 0.90%
4,702 4,753
4,936 5,030
4,866
5,261 5,333 5,334 5,314
0%
1%
2%
3%
4%
5%
6%
0
5
10
15
20
25
30
35
40
Dec-12
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Juy-16
Jan-17
Months Inventory Sales Velocity Average Price Psf

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2.2.3 DEVELOPMENT WISE PRICE TREND
Price Trend Apartment Plot Row House Villa
JAN - 2013 4,432 1,307 5,200 5,652
JAN - 2014 4,695 (5.9%) 1,461 (11.8%) 5,856 (12.6%) 6,681 (18.2%)
JAN - 2015 4,677 (-0.4%) 1,659 (13.6%) 6,018 (2.8%) 6,329 (-5.3%)
JAN - 2016 5,175 (10.6%) 1,835 (10.6%) 6,913 (14.9%) 6,349 (0.3%)
JAN - 2017 5,153 (-0.4%) 1,987 (8.3%) 7,598 (9.9%) 6,433 (1.3%)
CAGR 3.1% 8.7% 7.9% 2.6%
The average capital value of an apartment stands at INR 5,153/- per sq. ft.
and observed a slight drop by 0.4% compared to the last year while other
category of residential developments see an upward trend.
Plotted Development and Row House Development have achieved the
highest CAGR of 8.7% and 7.9% respectively, while Apartment and Villa
Development’s Compounded Annual Growth Rate is at 3.1% and 2.6%
respectively.
2.2.4 DEVELOPMENT WISE PERFORMANCE INDICATORS
Sales Velocity of Apartment developments recorded an all time low rate
with 0.9% which is almost 18% decline from the previous year from a Sales
Velocity of 1.1%.
4,432
4,695 4,677 5,175 5,153
1,307 1,461 1,659 1,835 1,987
5,200
5,856
6,018
6,913 7,598
5,652
6,681 6,329
6,349 6,433
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Dec-12 Jan-14 Jan-15 Jan-16 Jan-17
Apartment Plot Row House Villa
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
Jan-13 Jan-14 Jan-15 Jan-16 Jan-17
Sales Velocity
Apartment Plot
Row House Villa
0
10
20
30
40
50
Jan-13 Jan-14 Jan-15 Jan-16 Jan-17
Months Inventory

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2.2.4.1 DEVELOPMENT WISE SALES VELOCITY
Sales Velocity Apartment Plot Row House Villa
JAN - 2013 2.79% 5.69% 3.07% 4.02%
JAN - 2014 2.2% (-22.8%) 1.3% (-77.6%) 2.4% (-21.3%) 2.0% (-50.1%)
JAN - 2015 2.2% (3.1%) 2.2% (69.9%) 1.2% (-50.1%) 1.8% (-8.6%)
JAN - 2016 1.1% (-49.9%) 1.4% (-37.0%) 0.7% (-38.5%) 1.3% (-30.0%)
JAN - 2017 0.9% (-17.9%) 1.3% (-1.2%) 0.8% (5.4%) 0.7% (-45.0%)
Plotted schemes score the highest Sales Velocity of 1.3% among the
Residential Developments despite the downside trend.
Villa Developments observed the lowest Sales Velocity followed by Row
House Developments by 0.7% and 0.8% respectively.
2.2.4.2 DEVELOPMENT WISE MONTHS INVENTORY
Price Trend Apartment Plot Row House Villa
JAN - 2013 11.6 4.1 16.1 12.3
JAN - 2014 15.7 (35.8%) 14. (244.8%) 12.2 (-24.4%) 20.3 (64.4%)
JAN - 2015 16.2 (2.9%) 11.4 (-18.4%) 25.6 (109.9%) 19.8 (-2.4%)
JAN - 2016 31.3 (93.4%) 17.3 (51.5%) 42. (64.3%) 28.6 (44.3%)
JAN - 2017 36.7 (17.4%) 16.8 (-3.2%) 32.9 (-21.6%) 43.6 (52.7%)
Months Inventory of Villas and Apartments have increased by 52.7% and
17.4% respectively, while Row Houses and Plots have dropped by 21.6%
and 3.2% respectively.
Villa Developments observed the highest Months Inventory of 43.6
months followed by Apartment 36.7 months.
2.2.5 REGION WISE PRICE TREND
Suburb Central North-east North-west South-east South-west
JAN-13 14,600 4,560 3,949 3,365 3,652
JAN-14 15,914 (9.0%) 4,888 (7.2%) 4,778 (21.0%) 4,161 (23.7%) 4,228 (15.8%)
JAN-15 12,438 (-21.8%) 4,694 (-4.0%) 4,831 (1.1%) 4,123 (-0.9%) 4,305 (1.8%)
JAN-16 13,823 (11.1%) 5,263 (12.1%) 5,567 (15.2%) 4,472 (8.5%) 4,786 (11.2%)
JAN-17 15,383 (11.3%) 5,234 (-0.6%) 5,626 (1.1%) 4,590 (2.6%) 4,901 (2.4%)
CAGR 1.1% 2.8% 7.3% 6.4% 6.1%
*Plots are not considered while tabulating
Southern and Western Region of Bangalore saw the highest Compounded
Annual Growth Rate (CAGR) as far as the Average Capital Values are
concerned.
North-west region attained the highest CAGR of 7.3% followed by South-
East with 6.4%, whereas North-east and Central Bangalore observed the
lowest CAGR by 2.8% and 1.1% respectively.
Central Bangalore’s Average Capital Value stands at INR 15,383/- per Sq.
ft. which is an increase of 11.3% from the previous year.

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2.2.6 REGION WISE PERFORMANCE INDICATORS
2.2.6.1 REGION WISE SALES VELOCITY
Sales Velocity Central North-east North-west South-east South-west
JAN-14 1.45% 2.12% 1.75% 2.13% 2.81%
JAN-15 1.9% (31.4%) 2.6% (20.7%) 1.9% (10.6%) 2.0% (-5.2%) 2.1% (-25.2%)
JAN-16 1.2% (-38.4%) 1.2% (-52.2%) 1.4% (-26.9%) 1.1% (-47.6%) 0.8% (-64.0%)
JAN-17 1.6% (37.5%) 0.9% (-24.0%) 0.8% (-42.7%) 0.9% (-16.9%) 0.9% (14.8%)
Central Bangalore has witnessed 37.5% increase in its Sales Velocity to
1.6% from 1.2%.
North-west region observed the highest decline in its Sales Velocity by -
42.7% followed by North-east at 24%.
North-east, South-east and South-west observed the Matching Sales
Velocity of 0.9% during the period.
2.2.6.2 REGION WISE MONTHS INVENTORY
Months Inventory Central North-east North-west South-east South-west
JAN-14 16.5 15.6 18.2 17.5 12.7
JAN-15 23.1 (40.1%) 14. (-10.1%) 17.7 (-3.1%) 17. (-3.2%) 19.9 (56.7%)
JAN-16 43. (86.2%) 29.4 (110.1%) 21.4 (21.2%) 31.6 (86.3%) 49.1 (147.2%)
JAN-17 28.8 (-32.9%) 35.6 (20.8%) 32.2 (50.3%) 38.6 (22.0%) 42.4 (-13.7%)
North-west region witnessed the highest increase in its Months Inventory
level by 50.3% from 21.4 months to 32.2 months followed by South-east
by 22% from 31.6 months to 38.6 months.
The Highest level of Months Inventory lies in the South-west Region with
42.4 months of Inventory followed by South-east with 38.6 Months.
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
Jan-14 Jan-15 Jan-16 Jan-17
Region Wise Sales Velocity
Central North-east North-west
South-east South-west
0
10
20
30
40
50
60
Jan-14 Jan-15 Jan-16 Jan-17
Region Wise Months Inventory
Central North-east North-west
South-east South-west

15 | P a g e
2.2.7 INVENTORY MOVEMENT DURING LAST 6 MONTH
The following section will illustrate the Inventory Movement in detail by
showing the Net Addition and Incremental Sales in terms of Type of
Residential Developments, Regions and Ticket Sizes.
2.2.7.1 DEVELOPMENT TYPE WISE INVENTORY MOVEMENT
In units Apartment Plot Row House Villa Grand Total
Opening Stock - A 90,417 9,152 488 5,512 105,569
Net Addition - B 27,249 5,766 5 475 33,495
Inventory C = A+B 117,666 14,918 493 5,987 139,064
Incremental Sales - D 24,246 4,705 76 878 29,905
Closing Stock E = C-D 93,420 10,213 417 5,109 109,159
This time we have noticed a Net Addition of 33,495 units where maximum
Addition was from the Apartment Segment contributing 81% of the total.
An oversupply of 12% has been noticed where the Incremental Sales were
29,905 units which is 89% of what has been supplied to the market.
Apartment segment also witnessed an oversupply of 12.4% during the
second half of 2016.
2.2.7.2 REGION WISE INVENTORY MOVEMENT
In units Central North-east North-west South-east South-west
Opening Stock - A 3,863 38,382 9,687 41,317 12,320
Net Addition - B - 500* 7,958 2,970 17,371 5,696
Inventory C = A+B 3,363 46,340 12,657 58,688 18,016
Incremental Sales - D 660 10,257 2,977 12,996 3,015
Closing Stock E = C-D 2,703 36,083 9,680 45,692 15,001
*The net Addition of -500 units under Central Bangalore region is a result of re-arrangement of the locational categorizations
The maximum number of Net Addition of 17,371 units was observed in
South-east.
An under supply of -22.4% was witnessed in the North-east Region,
whereas the South-west Region noticed an oversupply of 88.9%.
2.2.7.3 TICKET SIZE WISE INVENTORY MOVEMENT
In units
Value
Homes
Budget
Homes
Mid- Range
Homes
Premium
Homes
Luxury
Homes
Ultra luxury
Homes
Opening Stock - A 7,976 44,024 31,335 20,223 1,759 252
Net Addition - B 3,477 16,538 10,723 2,359 388 10
Inventory C = A+B 11,453 60,562 42,058 22,582 2,147 262
Incremental Sales - D 3,166 14,093 8,500 3,862 261 23
Closing Stock E = C-D 8,287 46,469 33,558 18,720 1,886 239
Budget homes witnessed the maximum addition of 16,538 (contributing
49% of the total addition) units followed by Mid-range Homes with 10,723
(32%) units.
An under supply of -39% was observed in the Premium Homes category.

16 | P a g e
2.2.8 YEARLY LAUNCHES COMPARISON
2.2.8.1 NEW LAUNCHES IN RESIDENTIALAPARTMENTS
Launched during Total Size in Mn. Sq. ft. Unsold Size in Mn. Sq. ft. Average Price per Sq.
ft.
1st half 2013 57.3 14.6 4,585
2nd half 2013 42.6 (-25.6%) 19.3 (32.2%) 4,612 (0.6%)
1st half 2014 39.5 (-7.3%) 18.7 (-3%) 4,709 (2.1%)
2nd half 2014 47.1 (18.9%) 28.1 (50.6%) 4,937 (4.9%)
1st half 2015 29.5 (-37.2%) 23.2 (-17.7%) 5,852 (18.5%)
2nd Half 2015 22.68 (-23.1%) 18.11 (-21.9%) 4,998 (-14.6%)
1st Half 2016 11.41 (-49.7%) 8.4 (-53.5) 4,799 (-4%)
2nd Half 2016 4.5 (-60.9%) 3.3 (-61.0%) 4,651 (-3.1%)
The above chart illustrates the trend in the new launches which occurred
in the last 4 years.
During the 2nd
half of 2016 Bangalore Apartment Market recorded the
lowest project launches by 4.5 million which is almost 60% drop compared
to the first half of 2016.
During the same period of last year the new launches were 22.68 Mn sq.
ft. which is 5 fold higher than the current period.
Yearly launches In Mn Sq. Ft.
2013 99.98
2014 86.5 (-13.5%)
2015 52.2 (-39.7%)
2016 15.9 (-69.6%)
It has been a downside trend since the year 2013. In the year 2016 the
launches have come down drastically to 70% when compared to the year
2015 and the year 2013 it was 6.3 fold higher than the last year.
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
-
10.0
20.0
30.0
40.0
50.0
60.0
70.0
Launched
during 1st
half 2013
Launched
during 2nd
half 2013
Launched
during 1st
half 2014
Launched
during 2nd
half 2014
Launched
during 1st
half 2015
Launched
during 2nd
half 2015
Launched
during 1st
half 2016
Launched
during 2nd
half 2016
Total Size in mn sft Unsold Size in mn sft Average Price psf

17 | P a g e
The average capital value of the yearly launches has bounced back to INR
4,651 per Sq. ft. which is nominal changes of 1% from the first half of year
2013 Average Capital Value.
2.2.9 RESIDENTIAL MARKET DYNAMICS
2.2.9.1 DEVELOPMENT TYPE WISE MARKET DYNAMICS
Apartment Plot Row House Villa Grand Total
Total Supply in units 278,569 45,242 1,621 16,579 342,011
Unsold Units 93,420 10,213 417 5,109 109,159
Total Size in Mn sq. ft. 411.3 105.8 5.1 51.5 573.7
Unsold Size in Mn sq. ft. 134.0 21.6 1.3 16.4 173.3
Value of Unsold In Crores 72,823 4,856 1,071 10,757 89,507
Unsold Inventory reached to 109,159 units which is increased by 3.4%
from the first half 2016. The Apartment segment contributes 93,420 units
which is 86% of total unsold.
The value of Unsold Inventory lying in the Apartments Segment touched
to 72,823 crores which is an addition of 573 crores to the value cited in
the 1st
half of 2016 year report.
There are nearly 5,109 units of Villa Developments that were found unsold
in the market which valued up to 10,757 crores contributing towards 12%
of the total value of Unsold Inventory.
2.2.9.2 REGION WISE MARKET DYNAMICS
Central
North-
east
North-
west
South-
east
South-
west
Grand
Total
Total Supply in units 5,791 112,045 36,778 145,251 42,146 342,011
Unsold Units 2,703 36,083 9,680 45,692 15,001 109,159
Total Size in Mn sq. ft. 13.6 193.6 58.0 238.1 70.5 573.7
Unsold Size in Mn sq. ft. 6.4 58.6 15.9 69.9 22.5 173.3
Value of Unsold In Crores 7,647 30,126 8,605 31,616 11,512 89,507
Eastern Region of Bangalore contributes to Lion Share 75% of the total
Unsold Inventory as well as 69% of the Value of unsold is also belongs to
the same region.
Central Region of Bangalore contributes 9% of the Value of Unsold
Inventory despite it shares being only 2% of the total Unsold Inventory in
units.
2.2.9.3 PRICE CATEGORY WISE MARKET DYNAMICS
Value
Homes
Budget
Homes
Mid-
Range
Premium
Homes
Luxury
Homes
Ultra-
luxury
Total Supply in units 30,243 139,717 103,396 61,356 6,747 552
Unsold Units 8,287 46,469 33,558 18,720 1,886 239
Value of Unsold In Crores 1,826 21,633 25,399 29,720 7,933 2,995

18 | P a g e
Budget Homes (30-60 Lakh) contribute 43% of the Unsold Inventory in
units followed by Mid-range Homes (60L-1 Crore) with 31%. Where the
value of Unsold Inventory is concerned, Premium Homes (1-3 Crore)
contributes the highest with 33%.
2.2.9.4 UNSOLD INVENTORY DISTRIBUTION BY CATEGORY WISE
2.2.10 DETAILED ANALYSIS ON THE BUDGET CATEGORIES
2.2.10.1 VALUE HOMES (LESS THAN 30 LAKH BUDGET)
Apartment Plot
H1-2016 H2-2016 H1-2016 H2-2016
Total Supply in units 14,214 13,488 16,205 16,470
Unsold Units 4,893 5,425 3,080 2,862
Total Size in Mn sq. ft. 11.3 10.9 31.3 32.4
Unsold Size in Mn sq. ft. 3.6 4.2 6.5 6.2
Value of Unsold Inventory In Crores 1,018 1165 593 661
Average Price per sq. ft. INR 2,669 2,663 1,092 1,144
Sales Velocity 1.16% 0.90% 1.27% 1.44%
Months Inventory 29.7 44.9 15.0 12.1
Average Size in sq. ft. 906 924 1,782 1,807
Unsold Inventory of Apartment under the Value Homes has increased by 17%
from the first half of 2016. Currently the Unsold Inventory lies at 4.2 Mn Sq.
ft. which is valued at INR 1,165 crores.
There are about 5,425 units of apartments found unsold in the Value Homes
Category where the average Capital Value of such apartment quoted was INR
2,663 per Sq. ft.
The Sales Velocity of Apartments under Value Homes segment has dropped
to 0.9% from the last period, while Plotted Development’s Sales Velocity
increased to up to 1.44%.
Apartment
85.58%
Plot
9.36%
Row House
0.38%
Villa
4.68%
Central
2.48% North-east
33.06%
North-west
8.87%
South-east
41.86%
South-
west
13.74%
Value
Homes
7.59%
Budget
Homes
42.57%
Mid- Range
30.74%
Premium
Homes
17.15%
Luxury
Homes
1.73%
Ultra-
luxury
0.22%

19 | P a g e
2.2.10.2 BUDGET HOMES (30 LAKHS TO 60 LAKHS)
Apartment Plot Villa
H1-2016 H2-2016 H1-2016 H2-2016 H1-2016 H2-2016
Total Supply in units 119,048 120,807 18,016 18,462 761 448
Unsold Units 39,608 42,450 4,128 3,912 288 107
Total Size in Mn Sq. ft. 140.3 141.9 40.3 39.8 1.3 0.8
Unsold Size in Mn Sq. ft. 45.9 48.9 8.6 7.2 0.5 0.2
Value of Unsold In Crores 18,577 20,060 1,616 1521 123 51
Average Price per Sq. ft. INR 3,771 3,779 1,982 2,087 2,617 2,500
Sales Velocity 1.05% 1.01% 1.40% 1.26% 1.95% 2.08%
Months Inventory 31.8 34.9 16.4 16.9 19.4 11.5
Average Size in Sq. ft. 1,245 1,239 2,196 2,121 1,720 1,824
As stated Budget Homes are the Highest supplier among all budget categories
contributing 43% of the Unsold Inventory which are lying in the market. The
Sales Velocity of Budgeted Apartments has slightly fell by 4% and Months
Inventory touched to 34.9 months
Villa Developments under Budget Homes segment attained a Sales Velocity of
2.08% which translates to 11.5 months of Inventory.
2.2.10.3 MID-RANGE HOMES (60 LAKHS TO 1 CRORE)
H1-16 H2-16 H1-16 H2-16 H1-16 H2-16 H1-16 H2-16
Total Supply in units 86,933 92,677 4,385 6,549 207 207 3,475 3,963
Unsold Units 28,809 29,778 1,236 2,736 150 116 1,140 928
Total Size in Mn Sq. ft. 131.4 136.8 12.6 16.1 0.5 0.5 6.7 7.5
Unsold Size in Mn Sq. ft. 43.8 44.3 3.8 6.0 0.3 0.3 2.2 1.8
Value of Unsold In Crores 22,101 22,750 848 1736 134 100 984 813
Avg. Price per sq. ft. INR 5,064 5,088 3,336 3,313 3,900 3,900 4,149 4,394
Sales Velocity 1.15% 0.86% 1.70% 1.43% - 2.74% 0.95% 1.30%
Months Inventory 28.8 37.3 16.6 29.1 - 20.5 34.4 18.1
Average Size in sq. ft. 1,514 1,496 2,460 2,442 2,244 2,244 1,944 1,902
Under the Mid-range Homes Budget Category Apartment Sales Velocity has
fallen to 0.86% which now translates to 37.3 Months of Inventory.
2.2.10.4 PREMIUM HOMES (1 CRORE TO 3 CRORES)
H1-16 H2-16 H1-16 H2-16 H1-16 H2-16 H1-16 H2-16
Total Supply in units 44,701 47,703 3,359 3,761 1,376 1,278 9,309 8,614
Unsold Units 15,981 14,678 708 703 294 254 3,240 3,085
Value of Unsold InCrores 24,034 22,596 1,157 937 644 558 5,896 5,629
Avg. Price per Sq. ft. INR 6,951 7,016 3,880 4,243 6,734 6,870 6,097 5,903
Sales Velocity 0.78% 0.83% 0.02% 1.24% 0.42% 0.52% 0.92% 0.44%
Months Inventory 46.0 37.2 - 15.1 50.4 38.1 37.7 81.9
Average Size in Sq. ft. 2,386 2,370 3,999 3,771 2,981 3,097 3,190 3,206

20 | P a g e
Premium Home Category saw a decrease of 8% in its Apartment’s Unsold
Inventory level where it reached down to 32.5 Mn Sq. ft. Nearly 14,678 units
of apartments are unsold. The Value of this Unsold Inventory is measured at
INR 22,596 crores.
Sales Velocity of Villa Developments under the Premium Homes category,
reached down to the rate of 0.44% which translates to 81.9 months of Unsold
Inventory.
It was observed that Villa Developments under this category attained highest
rate of Sales Velocity of up to 1.24% during the last period.
2.2.10.5 LUXURY HOMES (3 CRORES TO 8 CRORES)
Apartment Row House Villa
H1-16 H2-16 H1-16 H2-16 H1-16 H2-16
Total Supply in units 3,817 3,662 25 25 2,471 3,060
Unsold Units 990 963 4 2 765 921
Total Size in Mn Sq. ft. 14.2 14.0 0.1 0.1 11.5 13.5
Unsold Size in Mn Sq. ft. 3.6 3.5 0.0 0.0 3.5 3.9
Value of Unsold Inventory In Crores 4,456 4,292 16 8 2,990 3,633
Average Price per Sq. ft. INR 12,861 12,802 7,300 7,300 9,327 9,300
Sales Velocity 0.52% 0.44% - 1.33% - 0.56%
Months Inventory 49.7 59.4 - 6.0 - 54.2
Average Size in Sq. ft. 3,731 3,761 5,476 5,476 4,672 4,544
Under the Luxury Homes segment there are nearly 3,662 Apartment
Development lying as unsold, value of this unsold is measured at INR 4,292
crores.
More than 500 units of Villa Developments were added to the luxury Homes
Category during the second Half of 2016.
2.2.10.6 ULTRA-LUXURY HOMES (8 CRORES TO 25 CRORES)
Apartment Row House Villa
H1-16 H2-16 H1-16 H2-16 H1-16 H2-16
Total Supply in units 243 232 106 111 209 209
Unsold Units 136 126 40 45 76 68
Value of Unsold Inventory In Crores 2,065 1960 360 405 647 630
Average Price per sq. ft. INR 25,188 25,429 18,000 18,000 13,460 13,980
Sales Velocity 0.14% 0.89% - - - 0.64%
Months Inventory 408 60.8 - - - 51.0
Average Size in sq. ft. 5,277 5,021 5,000 5,000 6,738 6,738
Ultra-luxury Apartments observed a moderately better Sales Velocity as
compared to the first half of the year 2016.
The value of Unsold Inventory in the Ultra-luxury Apartments stands at INR
1,960 crores.

21 | P a g e
2.2.11 REGION WISE RESIDENTIAL MARKET DYNAMICS
2.2.11.1 BENGALURU CENTRAL MARKET DYNAMICS
Apartment Row House
H1-16 H2-16 H1-16 H2-16
Total Supply in units 7,795 5,714* 147 77
Unsold Units 3,809 2,697 54 6
Total Size in Mn Sq. ft. 17.8 13.4 0.5 0.2
Unsold Size in Mn Sq. ft. 7.8 6.3 0.2 0.0
Value of Unsold Inventory In Crores 9,123 7,599 113 48
Average Price per Sq. ft. INR 13,776 15,471 8,000 13,750
Sales Velocity 0.97% 1.6% 0.23% -
Months Inventory 50.6 28.8 162.0 -
Average Size in Sq. ft. 3,073 3,149 3,130 4,028
*The reduction in the number of apartment units cited in the H2-16 was a result of re-arrangement of regional categorization.
Apartments in the Central Regions witnessed an increase in its Sales Velocity
as compared to the previous period.
Sales Velocity has improved to 1.6% from 0.97% which resulted better Months
Inventory of 28.8 Months.
2.2.11.2 BENGALURU NORTH-EAST MARKET DYNAMICS
H1-16 H2-16 H1-16 H2-16 H1-16 H2-16 H1-16 H2-16
Total Supply in units 96,112 95,863 10,759 11,400 986 1,025 3,760 3,757
Unsold Units 33,325 31,668 3,486 2,820 342 320 1,229 1,275
Value of Unsold In Crore 26,434 24,778 1,290 1,089 849 833 3,344 3,427
Sales Velocity 1.07% 1.0% 1.94% 2.2% 0.35% 1.2% 0.95% -
Months Inventory 32.4 34.2 16.7 11.4 97.7 25.6 34.4 -
The number of apartments where Supply and Unsold are concerned, North
East stand was at the second highest. Nearly 31,668 units of apartments were
found Unsold, Value of Unsold is now at INR 24,778 crores, and North-east
Residential Market has not witnessed any addition during the 2nd
half or 2016.
North-east region has the highest number of Row House Development in
Bangalore district, measuring to up to 3.3 Mn Sq. ft. of ongoing development
out of which 1.0 Mn Sq. ft. was found as unsold.
Despite South-east being the highest supplier of Apartment Development in
terms of the units, the value of unsold in the North-east holds up to 721 crores
more than the South-east region.

22 | P a g e
2.2.11.3 BENGALURU NORTH-WEST MARKET DYNAMICS
Apartment Plot Villa
H1-16 H2-16 H1-16 H2-16 H1-16 H2-16
Total Supply in units 29,890 31,386 3,914 3,914 1,163 1,478
Unsold Units 7,891 8,098 1,470 1,100 326 482
Value of Unsold Inventory In Crores 6,888 6,526 863 478 951 1,601
Average Price per sq. ft. INR 5,340 5,340 2,603 2,667 7,528 7,562
Sales Velocity 0.91% 0.8% 3.66% 1.6% 0.13% 1.8%
Months Inventory 29.0 33.7 10.3 17.8 217.3 18.2
Average Size in sq. ft. 1,646 1,626 2,256 2,256 3,532 3,532
North-west region of Bangalore contributes to approximately 10% each in all
the residential developments except for the Row Houses.
Apartment Developments have an Unsold Inventory of 8,098 units in North-
west region. The average capital value of an apartment in this region is INR
5,340 per Sq. ft.
2.2.11.4 BENGALURU SOUTH-EAST MARKET DYNAMICS
H1-16 H2-16 H1-16 H2-16 H1-16 H2-16 H1-16 H2-16
Total Supply in units 103,336 111,840 21,119 21,817 407 345 11,484 11,249
Unsold Units 34,190 38,521 3,166 3,818 52 54 3,909 3,299
Unsold Size in Mn Sq.
ft.
46.4 50.8 8.1 8.8 0.2 0.2 11.4 10.1
Value of Unsold In
Crore
21,216 24,056 1,257 1,753 110 116 6,310 5,690
Avg. Price per Sq. ft.
INR
4,300 4,455 1,628 1,758 6,909 6,977 5,063 5,262
Sales Velocity 1.04% 0.9% 0.50% 1.0% - - 0.78% 0.8%
Months Inventory 31.9 38.8 30.3 17.6 - - 43.7 35.0
South-east region shares the maximum number Residential Developments in
Bangalore, where apartments being the major development contributes to
41% of the Unsold Inventory. Unsold Inventory touched 38,521 units, which
was valued at INR 24,056 crores.
Sales Velocity of Apartment Developments in South-east Bangalore slightly
dropped to 0.9% which resulted in 38.8 Months of Inventory.
Similarly South-east region has the highest number of Plotted Developments
which holds 37% of the Unsold Inventory. It has been observed that Sales
Velocity of plots is doubled to 1% from 0.5% translating to 17.6 Months of
Inventory.

23 | P a g e
2.2.11.5 BENGALURU SOUTH-WEST MARKET DYNAMICS
H1-16 H2-16 H1-16 H2-16 H1-16 H2-16 H1-16 H2-16
Total Supply in units 31,823 33,766 6,173 8,111 174 174 95 95
Unsold Units 11,202 12,436 1,030 2,475 40 37 48 53
Value of Unsold In Crores 8,590 9,863 804 1,536 81 75 35 39
Sales Velocity 1.04% 0.9% 1.24% 1.0% 1.72% 0.3% 3.86% -
Months Inventory 33.9 42.0 13.5 30.1 13.3 74.0 13.1 -
South-west region holds 13% of the Unsold Inventory of apartments, 18.1 Mn
Sq. ft. of apartments were found unsold.
2.2.12 PROMINENT/EMERGING RESIDENTIAL CLUSTERS AROUND BENGALURU
Location
Unsold Size
in Mn Sq. ft.
H1-2016
Sales
Velocity H1-
2016
Sales
Velocity H2-
2016
Months
Inventory
H1-2016
Months
Inventory
H2-2016
Whitefield 15.00 0.79% 1.02% 41 30
Electronic City 14.10 0.81% 0.86% 60 53
Sarjapur Road 7.57 0.88% 0.75% 26 37
Kanakapura Road 4.59 0.87% 0.75% 29 42
Yelahanka 4.89 1.29% 0.56% 24 49
Devanahalli 2.06 0.44% 1.34% 87 27
JP Nagar 5.68 0.75% 1.09% 60 42
Begur Road 3.65 2.54% 1.73% 11 19
Thanisandra Main Road 4.79 1.29% 1.14% 27 31
Hennur Road 4.37 1.79% 0.94% 23 33
Gunjur 3.74 0.78% 0.17% 61 277
Haralur Road 4.00 1.41% 0.84% 29 42
Bannerghatta Road 1.95 1.21% 0.70% 20 33
Hoskote 2.14 0.81% 0.68% 38 60
Banashankari 2.98 0.42% 0.55% 120 95
Hebbal 2.72 0.77% 0.51% 30 41
Horamavu 1.35 0.50% 1.75% 72 20
Hosur Road 1.24 0.35% 0.80% 55 20
Mysore Road 1.97 1.45% 1.07% 33 39
KR Puram 1.84 0.13% 1.50% 198 15
Yeshwanthpur 2.06 1.33% 1.06% 31 38
Marathahalli 1.61 1.06% 0.95% 22 20
Avalahalli 1.88 2.52% 0.60% 31 122
Mahadhevapura 1.50 1.69% 1.59% 33 31
Horamavu and Begur Road witnessed highest Sales Velocity, reaching to
approximately 1.7%.

24 | P a g e
Whiltefield being the top as far as Unsold Inventory is concerned, attained
better Sales Velocity of 1.02% which resulted in decreased Months of
Inventory.
2.2.13 PRICE MOVEMENT OF THE TOP 25 LOCATIONS – APARTMENT DEVELOPMENTS
Locations Jan-16 Jul-16 Jan-17 YoY Change
Electronic City 3,768 (1.6%) 3,863 (2.5%) 3,821 (-1.1%) 1.4%
Whitefield 4,914 (11.5%) 4,526 (-7.9%) 4,565 (0.9%) -7.1%
Hennur Road 5,103 (5.1%) 4,989 (-2.2%) 4,915 (-1.5%) -3.7%
Sarjapur Road 4,711 (3.2%) 4,640 (-1.5%) 4,730 (1.9%) 0.4%
Yelahanka 5,273 (7.1%) 5,131 (-2.7%) 5,164 (0.6%) -2.1%
JP Nagar 5,507 (9.5%) 5,570 (1.1%) 5,277 (-5.3%) -4.2%
Thanisandra Main Road 5,295 (10.2%) 5,141 (-2.9%) 5,143 (0.0%) -2.9%
Haralur Road 5,326 (6.1%) 4,940 (-7.2%) 4,748 (-3.9%) -10.8%
Gunjur 4,819 (22.6%) 4,124 (-14.4%) 4,124 (0.0%) -14.4%
Kanakapura Road 4,616 (-0.1%) 4,560 (-1.2%) 4,734 (3.8%) 2.5%
Hebbal 6,554 (2.9%) 6,731 (2.7%) 6,916 (2.7%) 5.5%
Begur Road 4,261 (7.8%) 4,309 (1.1%) 4,490 (4.2%) 5.4%
Old Madras Road 4,260 (7.4%) 4,246 (-.3%) 4,319 (1.7%) 1.4%
Bannerghatta Road 4,905 (4.4%) 4,824 (-1.6%) 5,035 (4.4%) 2.7%
Hoskote 4,059 (2.1%) 4,111 (1.3%) 3,836 (-6.7%) -5.5%
Marathahalli 5,304 (9.6%) 4,871 (-8.2%) 4,703 (-3.5%) -11.3%
Banashankari 6,583 (5.4%) 6,703 (1.8%) 6,264 (-6.5%) -4.8%
KR Puram 4,154 (0.1%) 4,222 (1.6%) 4,593 (8.8%) 10.6%
Devanahalli 3,932 (-10.7%) 4,355 (10.8%) 4,461 (2.4%) 13.4%
Yeshwanthpur 7,155 (3.6%) 7,480 (4.5%) 7,467 (-0.2%) 4.4%
Hosur Road 3,471 (-11.4%) 4,111 (18.5%) 4,313 (4.9%) 24.3%
Koramangala 8,961 (10.2%) 8,780 (-2 %) 9,193 (4.7%) 2.6%
Jakkur 5,398 (6.3%) 5,159 (-4.4%) 5,132 (-0.5%) -4.9%
Old Airport Road 8,634 (24.1%) 6,877 (-20.3%) 7,283 (5.9%) -15.6%
As far as the Year-on-year Capital Value appreciation is concerned, Hosur road
experienced the maximum raise followed by Devanahalli.

25 | P a g e
ANNEXURE- REGIONS AND ITS LOCATION DETAILS
Regions Locations
Central
Binnipete, Lalbagh, Rajajinagar, Indiranagar, Mekri Circle, Vittal Mallya Road,
Cunningham Road, Frazer Town, Sankey Road, Richmond Road, Sadashiva Nagar,
Shivaji Nagar, MG road, Wheeler Road, Kalasipalayam, Domlur, Wilson Garden,
Benson Town, Jayamahal, Richards Park
North-east
Whitefield, Devanahalli, Thanisandra Main Road, Hennur Road, Yelahanka, Hoskote,
Hebbal, Horamavu, Old Madras Road, KR Puram, Jakkur, Mahadhevapura,
Chikkaballapur, Old Airport Road, Marathahalli, Nandi Hills, Hennur, Outer Ring
Road, Avalahalli, Bagalur, Banaswadi, Vidhyanagar Cross, Kodigehalli, Kammanahalli,
Ramamurthi Nagar, ITPL , CV Raman Nagar, Kalyan Nagar, H Cross, RT Nagar,
Budigere Cross, RMV Extension
North-west
Yelahanka, Doddaballapur Road, Yeshwanthpur, Sahakar Nagar, Jalahalli,
Vidyaranyapura, Nelamangala, Tumkur Road, IVC Road, Magadi Road, Kannahalli,
Nagarbhavi, Rajajinagar, Mathikere, Kodigehalli, Malleshwaram, Rajankunte
South-east
Electronic City, Sarjapur Road, Begur Road, Gunjur, Sarjapur, Haralur Road,
Bannerghatta Road, Varthur, Jigani -Anekal Road, Hosur Road, Bagalur, HSR Layout,
Attibelle, Avalahalli, Chandapura - Anekal Road, Jigani, Marathahalli, Bellandur ,
Koramangala, Hosa Road, Hosur, Gottigere, Bellandur, Kasavanahalli, Varthur Road,
Hulimavu Main Road, Narayanaghatta, Bommasandra, Outer Ring Road, Anekal,
Anjanapura, Jayanagar, BTM Layout, Panathur, Uttarahalli, Jagadenahalli,
Bommanahalli, Adugodi, Wilson Garden, Marsur
South-west
Kanakapura Road, JP Nagar, Banashankari, Mysore Road, Kengeri, Rajarajeshwari
Nagar, Jigani, Uttarahalli, Kumbalgudu, Sulikere, Kumaraswamy Layout, Jayanagar,
Bidadi
PRICE CATEGORY AND ITS TICKET SIZES
Price Category Ticket Size
Value Homes 0 - 30 Lakhs
Budget Homes 30 Lakhs - 60 Lakhs
Mid – Range 60 Lakhs - 1 Crore
Premium 1 Crore - 3 Crore
Luxury 3 Crore - 8 Crore
Ultra-Luxury 8 Crore - 23 Crore
GLOSSARY
Inventory: It is the unsold stock between two dates of survey. It covers all new launches (new additions)
as well as carry forward inventory from the previous survey: Previous Unsold + New Additions.
Sales Velocity: This signifies demand – supply scenario in a market. It is the ratio between monthly sales
and total supply and gives an idea of gestation period of a project as per the existing dynamics. Ideally SV
shall be between 2.75% and 3%. The pace translates into gestation period of a maximum of 36 months of
a project.
Months Inventory: This represents the number of months required for the inventory in the market to be
absorbed according to the existing demand. It is calculated by dividing the closing stock (marketable stock)
by monthly sales.

26 | P a g e
3 PART- III PRIMARY PROJECT SOURCE DATA
3.1 APARTMENT DEVELOPMENTS

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Bangalore Residential Research Report Jan 2017