Bengaluru, February 26, 2016:
REPORT SYNOPSIS:
Since the beginning of time, housing has been a favoured investment asset among Indian households.Due to this, demand for real estate has been one of the major growth drivers in construction industry. Real estate is, therefore, a critical sector for India’s economy due to its large potential for employment generation, capital attraction and revenue generation.
LJ Hooker Research India has come up with its latest issue of the half-yearly residential market research report. This is the 7th issue and tracks the supply/Demand of the primary residential market in Bengaluru. This Research Report provides in-depth details of the Primary residential market covering all Residential development (Residential Apartment/Villa/Row House and Plotted developments) which are offered for first sale.
This report helps in understanding the residential market from a macro to micro level with the fundamental market scenario of the supply and demand. The report provides analysis on the Key Performance indicators such as Sales Velocity and Months Inventory. It discusses the trends on the Capital Value and Inventory Movement based on total supply and its absorption.
REPORT IN-BRIEF:
HIGHLIGHTS OF THE REPORT
· Market witnessed a 52% decline in the size of New Launches in the second half of 2015 from the second half of 2014 in the residential Apartment development; and on a yearly basis, the year 2015 new launches has dropped by 40% compared to the year 2014 (i.e. 86.6 Mn sq. ft. to 52.18 Mn sq. ft.)
· Apartments development Unsold Inventory in Bangalore reached to 137.1Mn sq. ft.91% is from the under construction projects (82,572 units), whereas 9% contributes to the ready and/or nearing completion projects (8,434 units).
· The Average Capital value for the Bengaluru’s Primary residential market stands at INR 5,333/- per sq. ft. It has marginally increased by 1.4% during the second half of 2015 as compared to the first half.
· The Value of Unsold Inventory of residential development in Bengaluru is increased by4.3% and it touched to INR 91,221 crores.
· Value of unsold inventory of the Apartment development in Bengaluru touched to INR 74,150 crores which is a result of INR 3,290 crores value addition during the second half of 2015.
· Market witnessed a dip in its absorption trend and reached an all-time low Sales Velocity of 1.12% in the second half of 2015.
· Months Inventory level alarmingly increased to 31 months which is a 40.9% surge from the first half 2015. It is an all-time high record since 2012.
· North-West region has the highest CAGR of 12.1%, followed by South-East at 9.9% and South-West at 9.4% in its average capital value.
· North-East, Central, South-East and South-West regions have low Sales Velocity of 1.22%, 1.18%, 1.06% and 0.76% respectively.
· The average price of Apartment segment in the new launched projects has decreased from INR 5,852/- per sq. ft. in the first half of 2015 to INR 4,998/- per sq. ft. in the second half of 2015.
SNAP SHOTS:
Mail us at ichenakkal.pm@ljh.in to grab your copy.
The paid copy of the end of the year 2015’s primary residential research report includes, detailed and segregated data of over 1500 primary residential projects surveyed across Bengaluru. It also covers details of developers, projects, size ranges, ticket sizes, sq. ft. price and inventory (sold/unsold) status.
For purchase related queries please call:
P:+918049283000
M:+918884440135
Mail us at,
ichenakkal.pm@ljh.in
Corporate Comm India (CCI Newswire)
