Top capital price trends across India for 2011?Q2

Pan India? Gurgaon South City was the locality that saw the max appreciation in capital value (80%) in the past one year despite not having gained much in the past quarter thereby suggesting that capital appreciation could be stabilizing here. Greater Kailash in South Delhi followed South City as the top gainer in capital value?it appreciated by 60 per cent in the past one year. Again, price rise in GK in the last quarter was negligible suggesting that price rates here could also be plateuing. Pan India, a number of localities experienced significant value appreciation over the past one year. Whitefield and JP Nagar in Bangalore (30 per cent and 28 per cent respectively), Kharadi and Baner in Pune (25 per cent each), Baguihati and Rajarghat in Kolkata (24 per cent each) and Velachery in Chennai (22 per cent) to name a few.
The third locality that appreciated them most in the past one year was Satellite township in West Ahmedabad. This area appreciated by 46 per cent despite having lost 9 per cent in capital value in the past quarter thereby suggesting that prices could have begun their downward journey here already.
The other shocker is Janakpuri in West Delhi that gained 44 per cent in capital value in the past one year but also lost 16 per cent in the last quarter itself. At the same time, another West Delhi locality?Paschim Vihar?saw a 44 per cent appreciation with close to half of that appreciation (26 per cent) taking place in the last quarter itself. It could be safe to conclude that potential buyer interest could have shifted focus to the latter.
Delhi-CP emerged as the most expensive real estate in Delhi with prices hovering around Rs 30,000 psf. Followed by Vasant Vihar, Defence Colony and Panchsheel Park. The Commonwealth Games could have left some legacy after all with this locality in Delhi East featuring among the top five in terms of psf rates. The Village is priced at Rs 15325 psf and is the only Delhi East locality to feature among the top South Delhi behemoths in this range.
NCR Many localities in Gurgaon including South City, Palam Vihar, Sushant Lok, DLF City Phase IV and V saw significant capital appreciation in the past one year although the rate of appreciation seemed to differ over the last quarter.
Mumbai Pan India, the locality that appears to be gaining momentum in the last one quarter is Palm Beach in Navi Mumbai. The area gained 78 per cent in psf rates in the last one quarter and 26 per cent in the last one year. The steep hike in capital rates in just one month suggests heightened buyer interest in this area alone. Real estate movement appeared to be high in other localities that experienced double digit capital value gain in the last one quarter?Powai in Central Mumbai suburbs, Goregaon East in Mumbai Andheri Dahisar, Dombivili and Andheri West, to name a few. Among the area that lost a lot of value over the past one year, Navi Mumbai’s Panvel saw the max loss of value?to the tune of 17 per cent. It lost 30 per cent of value over the last quarter itself. It is rare to find a Mumbai locality a loser in capital rates. In fact, Panvel happened to be one of the very few, localities that lost value in double digits across last year.
Bangalore Yelahanka was the only locality that lost capital rates?almost 16 per cent over the last
quarter. On the other hand, Hebbal in North Bangalore gained 15 per cent in the last quarter itself.





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