MagicBricks Publishes Latest PropIndex

Gordana Davila

December 6, 2012

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India’s MagicBricks.com, has just published its Latest Edition of PropIndex. Now in its second year, the sixth edition of MagicBricks.com’s PropIndex, is the first Index of its kind that tracks demand and supply of properties across 11 major cities of India, hit the stands!

The level of insights, transparency and clarity that the PropIndex has brought to Indian Real Estate has earned a deep appreciation from the stalwarts of Indian Realty Industry.

“The Real Estate market is on an upward curve at present. The PropIndex by MagicBricks.com is a good index for gauging the market and taking decisions. It is indeed very helpful, not only for developers, but also for buyers, professionals in the financial sector and market analysts.” – A Balakrishna Hegde, Managing Director, Chartered Housing Pvt. Ltd.

“PropIndex is a great step in knowledge initiatives, bringing out well-studied reports by MagicBricks.com. It is, indeed, a commendable job. I take this opportunity to wish PropIndex all the success.” – Muninder Seeru, Director, G: Corp Developers Pvt. Ltd.

Despite weak buyer sentiments, the National Property Index (NPI) went up by over 2 per cent in the Jul-Sept’ 2012 quarter as compared to Apr-Jun’ 2012 quarter. Of the 11 cities in the apartment Index, 9 cities showed a rise in the property index values – led by the southern metros of Bangalore & Hyderabad.

Based on dynamic data mined from MagicBricks.com, PropIndex focuses on the National Property Index (NPI), a weighted average of city indices. The data is refined with intricate algorithms to arrive at Index Values at locality, city and national levels across India.

The composite index values of each of the 11 cities are drawn from the changing indices of different localities. Localities that are more active compared to others contribute more significantly to the index values of that city. This index is reflective of trends across multi-storey and single floor apartments (commonly known as builder floors).

This quarter, Delhi, Gurgaon, Noida-Ghaziabad, Pune, Ahmedabad, Kolkata, Hyderabad and Bangalore – all saw a rise in their indices while Mumbai and Chennai registered stable values.

Bangalore topped the city index chart by registering an average of 7 per cent increase followed by Hyderabad, Gurgaon and Pune with 5, and 3 per cent rise, respectively. The city witnessed a change of about 7-9 % in capital values in some top localities.

Ahmedabad, Delhi, Kolkata, Noida and Ghaziabad saw a rise of 1-3 per cent in the city index values. Bangalore, Hyderabad, Pune and Gurgaon were the major contributors to the NPI within the Jul-Sept quarter.

Some of the other Significant Findings of PropIndex include:

1.      Areas that witnessed good road infrastructure, metro-rail connectivity and better facilities saw a rise in values.

2.      Affordable localities saw increased buyer demand as compared to premium localities in cities such as Pune, Bangalore, and Mumbai.

3.      Increased values were registered across IT-driven localities in cities such as Bangalore, Pune, Kolkata and Chennai for both outright purchase and lease.

4.      Similar to the last quarter, growing preferences for smaller sized residential units (1 and 2 BHK) were recorded in almost all the cities.

5.      Multi-storey apartments remained the most sought-after property type across all cities. Demand for larger unit-size properties was mainly witnessed in premium localities. The supply of these units continued to outstrip the demand in this category in almost all the cities.

The PropIndex & detailed report processed from the largest base of “live” data from:

  • Over 400,000 active properties;
  • 3 Million+ active property requirements;
  • close to 4 Million Visits per month;
  • approx. 35 million page views per month; and
  • approx. 60 thousand property responses (enquiries) per day.

The PropIndex also features:

–  “Smart” algorithm & Statistical tools to handle large data volumes.

–  Expert comments from top builders and brokers.

–  Original content sourced from in-house research and from multiple “advice” platforms available on Magicbricks.com

Each City report covers the important Metrics of –

National Property Index (NPI): A weighted average of 11 different city indices (CPI)

City Property Index (CPI): This has been derived as a function of supply of properties weighted against the average capital value appreciation/drop in various localities of the city.

Price Monitor: Reflects the capital appreciation/drop within various localities of a city.

Rent Monitor: Reflects the rental appreciation/drop within various localities of a city.

Yield Meter: This is the annual rate of return earned on a property.

Capital Value Tables: Indicates the capital prices for property prevailing in various localities of a city

Property Index Magic Bricks

For further information, or to download more City Specific Details please click here.

Gordana Davila

December 6, 2012

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Acerca de Lucas Vargas:

  • Empezó en Grupo ZAP como el VP de Sales y en 2016 cuando la empresa tenía 60 empleados. Fue nombrado COO de VivaReal tomando el mando de Brian Requarth el Co-Fundador. VivaReal lanzó en Colombia y se trasladó a Brasil. En 2017 se hizo CEO del Grupo ZAP.
  • Ha trabajado en Mexico en PWC y en el Banco Santander
  • Tiene un Master de Business Administration de Harvard
  • En noviembre este año después de la fusión de OLX Brasil y Grupo ZAP fue nombrado el CEO del OLX Business Unit. Lidera la empresa junto con Andries Oudshoorn y Marcos Leite
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Simon Baker is the Founder and Executive Chairman of Online Marketplaces and Property Portal Watch. Involved with property portals for 15 years, he’s a well-recognized expert and industry consultant.
As former CEO/MD of the REA Group for 8 years, Simon led the group to its current market-leading position. When he joined REA Group in 2001, it had $4m in revenues, $6m in losses and an $8m market cap.
By 2008, the company presided over $155m in revenues, $35m in EBITDA and enjoyed a peak market cap of $1b. Simon is currently Chairman of the Mitula Group and Real Estate Investar and a serial portal founder and, investor.