2. City PropIndex & City Price Monitor
City PropIndex exhibits how the respective city index has performed in
the quarter Apr-Jun 2011 vis-à-vis Jan-Mar 2011. City PropIndex reflects
the weighted average of the price per square feet & the supply of
properties across the city.
City Price Monitor is computed basis a movement in the “average rate
per square feet” across the city. It indicates percentage
increase/decrease in the average rate per square feet in the respective
city during the period Apr-Jun 2011 vis-à-vis Jan-Mar 2011.

3. VOL 1, ISSUE 1, APR-JUN, FY 2011-12
NATIONAL PROPERTY INDEX (NPI)
APR-JUN 2011
n National Property Index
(NPI) rose 3%
n Economic corridors drove
demand for residential
property
n New corridors displayed
enhanced level of activity
as compared to established
city areas.
n Changing trends in demand
for affordable and premium
properties across localities,
shifted traditional
APR-JUN 2011 and Chennai too posted 2-3% dip benchmarks
during the Apr-Jun 2011 period.
The first MagicBricks PropIndex
The NPI is a weighted average of n High cost residential
featuring apartment properties in developments yielded low
11 cities across the country went city indices. The biggest
contributors to the NPI were the return vis-à-vis small ticket
up by 3% in the Apr-Jun 2011 price development
quarter as against the Jan-Mar most active markets of Mumbai,
2011 quarter. There have been Gurgaon, Bangalore, Pune and
significant regional variations. Ghaziabad.
However, certain localities are
The increase in the National Each city index value depends on more active than others and can
Property Index (NPI) reflects the the type of property coming up in contribute significantly to the
weighted average of rising and each locality and how well it index values of that city.
falling supplies and prices across matches consumer demand.
the cities. The index is impacted by the IN THIS REPORT:
In the NPI, out of 11 cities number of properties in each National Property Index...............1
covered, 8 have shown a positive locality and the locality’s
weightage in the city, based on its Delhi.........................................4
trend in their city index and 3
cities have shown a decline in contribution to the city’s property Gurgaon....................................6
their city index. databank.
Noida & Ghaziabad.................... 8
The cities such as Noida and The index is based on a mix of Mumbai....................................11
Kolkata topped the Magicbricks newly developing and established
localities as well as new and old Pune........................................14
PropIndex with 13% and 11%
increase followed by Gurgaon constructions. Ahmedabad..............................16
and Ghaziabad from the NCR. The composite index value of a Kolkata...........,........................ 18
Pune, Mumbai and Bangalore city draws from the changing Chennai....................................20
posted 2-3% growth. index values of different
Hyderabad................................22
Delhi showed the steepest fall in localities. This indicates whether
the city as a whole has shown Bangalore.................................24
index values while Hyderabad
rising or falling value trends. Annexures.................................27

4. VOL 1, ISSUE 1, APR-JUN, FY 2011-12
2
NATIONAL PROPERTY INDEX with average prices of Rs 16,000- Upcoming properties in Sectors
19,000 per sq ft fell in numbers and 76 and 78 in the Rs 3,000-3,200 per
There have been certain common received a lower weightage in this sq ft range witnessed boost in
threads across different city index quarter while affordable numbers and received a higher
values. properties in the value range of weightage in this quarter, adding
Rs 6,000-7,000 in Dwarka and to the rise of the city’s index
l New properties in new
Vasundhara rose in numbers and value. A similar trend was
developing areas or redeveloped
tipped the city’s index witnessed in Sectors 143 and 168
properties in older areas seemed
downwards. along the Taj Expressway .
to be in demand across the
cities, primarily because they Noida showed 11% increase in Ghaziabad Index rose 7%. The
boasted newer formats and index values. The major major contributors to the change
lifestyle features. contributors to the change were were Indirapuram, Raj Nagar
Sectors 76, 78, 143 & 168. Extension and Crossings
l Supply of new properties,
especially along new corridors
of growth have significantly
impacted the index across
different cities.
l Capitalvalues across cities rose
on the back of either enhanced
demand because of local factors
or a huge amount of supply of
new projects along growth
corridors at affordable rates.
l Bothenhanced or crunched
supply and rising or falling
values have impacted city
indices
Delhi, despite the 11% fall was
one of the most active property
markets with value growth
registered by most localities.
However, the mix of property
changed dramatically in the
quarter. The major contributors
to the change were Safdarjang
Enclave, Saket, Dwarka and
Vasundhara. Premium properties
in Safdarjang Enclave and Saket

5. VOL 1, ISSUE 1; APR-JUN, FY 2011-12
3
Republik. The latter two are newly but have clocked significant rise in
developing areas where properties the number of listings, have TOP YIELD GROSSERS
are in the possession stage. further weakened the index. Rental yield is a factor of the changes in
Therefore, there was an increase Average values fluctuated across rental values locality-wise vis-a-vis the
in numbers and received higher the city, based on local drivers. changes in capital values. Given below
weightage in this quarter and are the top yield-grossing localities in
inclined the city index upwards. The Chennai Index showed 3%
each city
dip. Madipakkam and Perungudi
Gurgaon Index remained 6% up were the major contributors to the Locality Gross yield
in this quarter. New supply in dip. Fall in values by 6-8%, EM Bypass, Kolkata 5.77%
upcoming areas such as Gurgaon- together with increase in
Faridbad Road and Sector 92 weightage in this quarter, pushed OMR Road, Chennai 5.33%
resulted in higher weightage in the index down. However, other Kondapur, Hyderabad 4.67%
this quarter coupled with increase active localities such as
Bandra East, Mumbai 4.53%
in values, pushing the index Medavakkam and Velacheri,
upwards. Other locations such as where values and weightage rose SG Highway, Ahmedabad 3.82%
Sohna Road and Golf Course Road in this quarter, has arrested the Hadapasar 28, Pune 3.78%
registered increase in values by fall of the index.
5-10%. However, there was a fall in Indirapuram, Ghaziabad 3.27%
weightage on account of fall in Inspite of registering an uptrend
Sector-82, Noida 3.11%
number of listings. The city in values in majority of the
locations, the Pune Index showed Vasundhara Enclave, Delhi 2.73%
average remained 2-6% up.
Aberrations were noticed in eight a nominal increase of 3%,
localities, which may simply be a primarily dropped in number of
listings in localites such as CAPITAL GAINS
function of market dynamics or
weak infrastructure. Magarpatta and Kharadi. Though The table given below indicates
values rose overall in these maximum increase in capital values in
The Kolkata Index rose 11% localities, there was a fall in the each city
primarily because of a rise in the number of listings in these areas
number of listings and values in leading to a lower weigthage in Locality % Change
areas such as New Town, EM this quarter. Noida, Sector-45 19%
Bypass, Jadavpur and Alipore. All
these localities registered a spurt Mumbai’s property market Bangalore, Koramangala 19%
in values coupled with significant remained flat except for new
developing pockets such as Powai- Delhi, Panchsheel Enclave 17%
increase in numbers and received
higher weightage in this quarter. Kanjur Marg, Navi Mumbai areas Chennai, Porur 15%
All localities in the Kolkata city of Virar and Vasai as also the
index rose by 2-9%. Kalikapur Thane, Kalyan, Mira Road and Mumbai, Majiwade 14%
registered a 14% rise even though Bhayender areas, where 3-12% rise
Kolkata, Kalikapur 14%
the number of listings held steady . in values buoyed up the index by
The only areas that dropped in 2-3%. Worli too showed positive Gurgaon, Dlf City Phase II 13%
values in the city index were trends.
Hyderabad, Nizampet 13%
Santoshpur and Baguiati with a The Ahmedabad city index
4-5% drop. showed a nominal increase of 2% Ahmedabad, Bodakdev 13%
Hyderabad’s property market has on the back of increase in values
Pune, Warje 11%
been depressed because of in majority of the locations across
political turmoil, even though the city. Ghaziabad, Raj Nagar Extn 3%
economic activity still remains The Bangalore Index rose by
strong. Professionals from the IT 2-3%. Banerghatta Road and
sector are the main drivers with Koramangala registered a rise in
realtors offering special discounts values while the number of
to woo them. The Hyderabad city listings remained steady.
index fell 3%. Upcoming localities
such as Manikonda and Kondapur, New investment hubs such as
dropped in values and rose in Sarjapur Road, Hebbal, Yelahanka,
number of listings, thus inclining Marthahalli and Whitefield have
the index downwards. On the shown 3-7% rise in values and
other hand, old localities such as stable number of listings. Airport
Begumpet and Maredpalli, which Road was the only locality that
too have registered fall in values showed 13% rise in values.

6. METHODOLOGY
MagicBricks to their respective city as price movements across
which in turn is weighted to cities and localities in the
PropIndex
the National Index. major cities active on
MagicBricks PropIndex is a Weightages for PropIndex MagicBricks.com. The index
tool which empowers are based on the supply of includes the top 11 cities
property seekers and properties within the (these have been chosen
investors with detailed locality/city Based on this
. based on their activity
information on the structure, PropIndex gives a levels) and has an
movement of residential realistic picture of trends in individual city report for
apartment prices and price/supply across each of these cities. While
supply of properties in different property markets the NPI and its movements
India. No credible property in each city We have used
. are of interest to the expert
index can be a function of different weightages for community of bankers,
direct values as the changes Price Monitor/Rent builders and investors, the
are governed by multiple Monitor. Therefore, read as PropIndex has also taken
factors. a whole, PropIndex along care to explain the nuances
with tables provided for of index movements at the
MagicBricks PropIndex has
Price Monitor, Rent Monitor, locality level that would
taken this reality into
Yield Monitor and Capital help the huge base of
account and produced an
values. PropIndex gives an MagicBricks.com.
index based on listing of
excellent perspective of the consumers
apartments and their
property market
capital and rental values on The PropIndex has been put
performance in the quarter.
the website. together through
While listing and its meticulous research at the
Magicbricks.com has over
values/supply provide a locality level and through
4 lakh active properties
level of understanding into detailed discussions with
posted by more than 1,00,000
the market, there are experts who have regularly
active users in 300 cities and
meticulous data checks to been offering market advice
3,500 localities. Our users
prevent aberrations and comments on various
include owners, brokers and
creeping into the Index. forums in the
builders.
These are based on MagicBricks.com’s offline
statistical calculations and and online initiatives.
Methodology logical interpretations.
The real estate markets in
While listing and its
Apartment values and India are dynamic and the
values/supply provide a
listings form the basis of PropIndex reflects those
level of understanding into
the MagicBricks PropIndex. changes. Since it is derived
the market, there are
These include multistorey from a dynamic database,
meticulous data checks to
apartments and single units there will be some additions
prevent aberrations
on plotted developments, and deletions of localities
creeping into the Index.
referred to as Builder Floors that happen as a function
These are based on
on MagicBricks.com. of market dynamics. These
statistical calculations and
will be reflected in future
The Index is structured in logical interpretations.
editions of the Index. The
such a way that Individual
The National Property MagicBricks PropIndex
properties are aggregated
Index (NPI) is indicative of will be released on a
into respective localities
the extent of activity as well quarterly basis.
which in turn are weighted

7. GLOSSARY & DEFINITIONS
There is a wealth of information within these pages. For better readability, we have presented some
data as tables and others as graphs. Between them, you will find how property markets have
performed in the Apr-June quarter from many different perspectives – from a capital appreciation
perspective, from a rental/yield realization perspective & from a supply of properties perspective.
We recommend that you evaluate the city report in its entirety – that will provide a rounded
perspective of the performance of the property market within each city Here are details of what
.
you will find in each of the city reports enclosed within-
1. City Property Index – This is a composite index which is a function of supply of properties as
well as the average capital appreciation/drop in various localities of the city in the quarter. The
city index is the weighted average of the average rate per square feet in that locality & the
supply of properties from that locality Premium localities (with higher average rate per square
.
feet) as well as localities with higher supply of properties will have a bigger impact on the
Index.
E.g. if the supply of properties from a premium locality drops, that locality will end up having
a lower weightage in the index which in turn will push the Index downwards (and vice-versa).
On the other hand, supply of properties remaining unchanged, the index will be influenced by
capital appreciation within the locality .
2. Price Monitor - This reflects the capital appreciation/drop within a locality It is calculated
.
basis a movement in the “average rate per square feet” within that locality .
By and large, the movement in the “average rate per square feet” reflects capital
appreciation/drops. However, in a few selected cases, we have observed that the average rate per
square feet moves due to a change in mix of apartments within that locality (e.g. if the ratio of
premium apartments, which command a higher per square feet rate, changes over the quarter).
In these few circumstances, the Price Monitor will in turn depict reflect this input. Such
changes have been explained in the text of the City reports.
3. Rent Monitor - This reflects the rental appreciation/drop within a locality It is calculated
.
basis a movement in the “average rent per square feet” within that locality.
By and large, the movement in the “average rent per square feet” reflects rental
appreciation/drops. However, in a few selected cases, we have observed that the average rent
per square feet moves due to a change in mix of apartments within that locality (e.g. if the ratio
of premium apartments, which command a higher per square feet rent, changes over the
quarter). In these few circumstances, the Rent Monitor will in turn depict reflect this input.
Such changes have been explained in the text of the City reports.
4. Yield Meter – Yield is the annual rate of return earned on property Yield meter depicts the
.
gross yield percentages across the various localities. Gross yield is a ratio of average annual
rental value to the average capital value of the property.
5. Capital Value Tables (given in Annexures) - This shows the actual range of Prices within
which properties were available in each locality Prices are shown in rupees per square feet
.
basis; these are the prevailing rates for properties in each locality.

8. Contact us
This is the excerpt of full PropIndex report. Limited copies of full report are available
for Sale!!
To place an order, please send a DD/Cheque, payable at Delhi, for Rs 5000/- in favour
of “Times Business Solutions Ltd”. Cheques may be couriered to Raghavan Krishnan,
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propindex@timesgroup.com or Call :+91-9971-00-5775