© 2021 ANAROCK Property Consultants Pvt. Ltd. All rights reserved.Disclaimer: This publication is the sole property of ANAROCK Group, and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of ANAROCK Group.

Q3 20

21

Indian Economy & Residential Real EstateT H E N A R R A T I V E I N C H A R T S

Prashant Thakur | Sr. Director & Head of Researchprashant.thakur@anarock.com

For research services, please contact:

Virendra Joshi | Sr. Vice President, Researchvirendra.joshi@anarock.com

© 2021 ANAROCK Property Consultants Pvt. Ltd. All rights reserved.Disclaimer: This publication is the sole property of ANAROCK Group, and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of ANAROCK Group.

5.4% 4.6% 3.3% 3.0%

-24.4%

-7.4%

0.5% 1.6%

20.2%

-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

Q1FY'20

Q2FY'20

Q3FY'20

Q4FY'20

Q1FY'21

Q2FY'21

Q3FY'21

Q4FY'21

Q1FY'22

GDP Growth Rate (Constant)

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

Jan-

20

Feb

-20

Ma

r-20

Ap

r-20

Ma

y-20

Jun

-20

Jul-

20

Aug

-20

Sep

-20

Oc

t-2

0

No

v-20

Dec

-20

Jan-

21

Feb

-21

Ma

r-21

Ap

r-21

Ma

y-21

Jun

-21

Jul-

21

Aug

-21

Sep

-21

Oc

t-2

1

SBI Home Loan Rate Repo Rate

140

145

150

155

160

165

Jan-

20

Feb

-20

Ma

r-20

Ap

r-20

Ma

y-20

Jun

-20

Jul-

20

Aug

-20

Sep

-20

Oc

t-2

0

No

v-20

Dec

-20

Jan-

21

Feb

-21

Ma

r-21

Ap

r-21

Ma

y-21

Jun

-21

Jul-

21

Aug

-21

CPI (Inflation)

1,358

1,458 1,444 1,450

1,5741,606

1,733

1,981 1,997

2,101

1,901

1,300

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Per Capita Income (USD)

The Indian economy recovered post the COVID-19 pandemic…

…However, the pandemic has impacted the per capita income

Amid supply issues and production bottlenecks, inflation rose during the past few months…

…Low interest rate regime continued to offer all-time best affordability for homebuyers

Note: CPI indexed to 2012 = 100SBI Home Loan rates are the lowest rates offered by the bank to the salaried employees for the loans up to INR 30 Lakhs

Source: MOSPI, World Bank, RBI, SBI & ANAROCK Research

Indian Economy: The Narrative in Charts

© 2021 ANAROCK Property Consultants Pvt. Ltd. All rights reserved.Disclaimer: This publication is the sole property of ANAROCK Group, and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of ANAROCK Group.

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

22,000

24,000

Bengaluru Chennai Hyderabad Kolkata MMR NCR Pune

No

. of

unit

s

Q2 2021 Q3 2021

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Q12019

Q22019

Q32019

Q42019

Q12020

Q22020

Q32020

Q42020

Q12021

Q22021

Q32021

Affordable Mid-end High-end Luxury Ultra-luxury

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

Bengaluru Chennai Hyderabad Kolkata MMR NCR Pune

No

. of

unit

s

Q2 2021 Q3 2021

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

Q12019

Q22019

Q32019

Q42019

Q12020

Q22020

Q32020

Q42020

Q12021

Q22021

Q32021

New Launches (Units) Sales (Units)

The residential real estate sector yet again proved its resilience post the 2nd wave…

Q3 2021 Residential Real Estate: The Narrative in Charts

…Almost every city recorded a quarterly growth in new launches

The developers continued to launch in the mid and high-end segments…

…Every city’s sales more than doubled from the previous quarter

1stW

ave

2ndW

ave

SOLD

NEW

Note: Affordable: < INR 40 Lakh, Mid-end: INR 40 Lakh - INR 80 LakhHigh-end: INR 80 Lakh - INR 1.5 Cr, Luxury: INR 1.5 Cr - INR 2.5 Cr, Ultra-Luxury: > INR 2.5 Cr

Source: ANAROCK Research

© 2021 ANAROCK Property Consultants Pvt. Ltd. All rights reserved.Disclaimer: This publication is the sole property of ANAROCK Group, and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of ANAROCK Group.

0.0

0.5

1.0

1.5

2.0

2.5

Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021S

ales

-S

upp

ly R

atio

NCR MMR Bengaluru Pune Hyderabad Chennai Kolkata

90%

92%

94%

96%

98%

100%

102%

104%

106%

108%

110%

112%

114%

Q3 2015 Q3 2016 Q3 2017 Q3 2018 Q3 2019 Q3 2020 Q3 2021

Pri

ce In

dex

ed, Q

3 20

15 =

10

0%

NCR MMR Bengaluru PuneHyderabad Chennai Kolkata

610,000

620,000

630,000

640,000

650,000

660,000

670,000

Q12019

Q22019

Q32019

Q42019

Q12020

Q22020

Q32020

Q42020

Q12021

Q22021

Q32021

Unsold Inventory (Units)

0

10

20

30

40

50

60

2018 2019 2020 Q1 2021 Q2 2021 Q3 2021

Inventory Overhang (months)

Sales to supply ratio recovered to >1 in MMR, NCR, Chennai & Bengaluru…

Q3 2021 Residential Real Estate: The Narrative in Charts

…Launches exceeding sales led to a northward movement of available inventory

Prices registered a 4% annual appreciation primarily due to a rise in input costs…

…Amidst an uptick in demand, the inventory overhang declined incessantly

₹

Source: ANAROCK Research