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Pulse Monthly Real Estate Monitor Market Highlights October 2015 SEPTEMBER 2015 Office space demand continued to increase across all cities barring Ahmedabad, Chennai and Kolkata Retail space demand continued to improve in Hyderabad, Kolkata and Mumbai Residential demand strengthened in Delhi and Hyderabad Get city Pulse by clicking below

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Page 1: Market Highlights - b2bimages.iimg.inb2bimages.iimg.in/files/retail_files/reports/data_file-jll-monthly... · in the city, as well as in customer preferences. Nevertheless, change

Pulse

Monthly Real Estate Monitor

Market Highlights

October 2015

SEPTEMBER 2015

Office space demand

continued to increase

across all cities

barring Ahmedabad,

Chennai and Kolkata

Retail space demand continued to improve

in Hyderabad, Kolkata

and Mumbai

Residential demand

strengthened in Delhi

and Hyderabad

Get city Pulse by clicking below

Page 2: Market Highlights - b2bimages.iimg.inb2bimages.iimg.in/files/retail_files/reports/data_file-jll-monthly... · in the city, as well as in customer preferences. Nevertheless, change

Pulse

Monthly Real Estate Monitor

October 2015

Favourable Neutral Unfavourable

Legend: Market Sentiment

What Defines High

Streets In India?

Factors like niche quotient or proximity to transit areas

categorize high streets as ‘destination’ or ‘transit-oriented’

With the advent of shopping malls, retail industry analysts would have

assumed a gradual death for the high streets. However, high streets

have survived and a few of them have, in fact, strengthened over the

years. JLL’s latest research paper ‘High Streets In Vogue – Always’,

which studies the nuts and bolts of the 24 most popular high streets in

India, states that high streets can be classified into two categories:

destination and transit-oriented.

A ‘destination’ high street would typically be the one that has

managed to create a niche for itself, either in terms of product

categories or in terms of novelty. For instance, the Hiranandani Powai

high street situated around the eastern suburbs of Mumbai comprises

majorly of F&B outlets (which account for close to 50% of the total

brands present there). Despite being away from major transit areas,

this high street manages to attract food enthusiasts, succeeding

primarily on the niche the market has created around this category.

On the other hand, many high streets qualify as ‘transit-oriented’ ones.

Such shopping arcades or streets are located in close proximity to

commercial destinations, tourist places, arterial roads, railway and

metro stations, colleges, etc. They have the advantage of attracting

the attention of a large number of daily commuters. Prominent

examples of such high streets include Connaught Place in Delhi,

Brigade Road and Commercial Street in Bangalore, Begumpet in

Hyderabad, MG Road in Pune, Colaba Causeway in Mumbai etc.

Whatever makes each of India’s prominent high streets tick today will

obviously play an integral part of their ongoing success in the future,

as well. High streets must necessarily adapt to changes taking place

in the city, as well as in customer preferences. Nevertheless, change

is inevitable and important – with high streets as much as the larger

Indian retail scenario, the defining concept is a constant and

necessary process of evolution.

Anuj Puri, Chairman & Country Head, JLL India

-------------------------------------------------------------------------------------------- For further reading please refer to following link:

http://www.joneslanglasalleblog.com/realestatecompass/anuj-puri-

quotes/2015/09/defines-high-streets-india/

As opposed to the market’s expectation of a

25 basis points cut, the RBI has delivered an

astounding 50 basis points reduction on repo

rate to 6.75 per cent from 7.25 per cent

earlier. With this, it has clearly abandoned its

cautious baby-steps approach and assumed

a bolder stance.

For the affordable housing sector, the outlook

is nevertheless bright, since the RBI governor

has made provisions for lending to this sector

to become less stringent and broader in

scope.

Investment sentiments

improving

Aditya Birla Group chairman K M Birla is

buying the iconic Jatia House in Malabar Hill

for INR 4.25 billion, making it the most

expensive bungalow deal in the country

Foreign companies without a permanent establishment in India

will be exempt from minimum alternative tax (MAT), the

government said in September, a move that will assuage

concerns of overseas investors.

In the next six months, the Indian Green

Building Council (IGBC) will be coming up with a

star-rating system for 400 railway stations that

have been identified to be redeveloped by the

Government

Next

Page 3: Market Highlights - b2bimages.iimg.inb2bimages.iimg.in/files/retail_files/reports/data_file-jll-monthly... · in the city, as well as in customer preferences. Nevertheless, change

DELHI

KOLKATA

CHENNAI

BANGALORE

HYDERABAD

PUNE MUMBAI

AHMEDABAD

For more information about our research, contact

Ashutosh Limaye

National Director, Research and REIS +91 98211 07054 [email protected]

Sujash Bera

Manager, Research +91 98305 43922 [email protected]

Research Dynamics 2015

Pulse reports from JLL are frequent updates on real estate market dynamics.

www.joneslanglasalle.co.in

Cities

Office

Rental

Value

Retail

Rental

Value

Residential

Capital

values

AHMEDABAD

DELHI

MUMBAI

PUNE

BANGALORE

CHENNAI

HYDERABAD

KOLKATA

Legend

Growing Stabilise Stagnate Falling

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OFFICE

Demand Vacancy

RV

CV

RETAIL

Demand Vacancy

RV

CV

RESIDENTIAL

Demand Launches

RV

CV

Demand/Vacancy

Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling

Pulse

Monthly Real Estate Monitor

October 2015

Ahmedabad

The Central Government is planning to build a superfast highway

connecting Mumbai to Ahmedabad, on the lines of the Mumbai-Pune

Expressway.

Ahmedabad office market continued

showing traction during the month.

Select companies from

Pharmaceutical & BFSI sector

executed the transactions especially

in the SBD submarket. Overall

submarket level rents remained

stagnated.

Major transactions:

• Aarina Lifescience in SBD

Retail market witnessed notable

transaction activity in the month.

Select fashion brands, accessories &

QSR preferred spaces on high streets

to increases the footprints.

Major transaction:

Zaira Diamonds in SBD.

Residential sector in Ahmedabad has

witnessed stable demand over the

month. Nonetheless majority of projects

were launched in affordable segment at

suburbs of the city.

New Launches:

• Purohit Construction Raytirh Sopan

in Bopal

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Prahlad Nagar 35–50 6,000–7,500

S G Highway 35–50 6,000–7,500

Ashram Road 32–42 5,500–6,500

Navarangpura 32–44 5,500–6,500

Koba 22–35 4,000–5,000

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

CG Road 100–125 16,000–18,000

SG Highway 80–110 11,000–13,000

Ashram Road 110–130 14,000–16,000

Chandkheda 60–80 9,000–12,000

Koba 50–70 8,000–10,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Naroda 4,000–6,000 2,200–2,500

Gota 5,000–8,000 2,500–2,800

Navrangpura 15,000–20,000 6,000–7,000

SG Highway 10,000–15,000 5,500–7,500

Satellite 12,000–15,000 4,000–6,000

South Bopal 8,000–12,000 3,000–4,000

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Page 5: Market Highlights - b2bimages.iimg.inb2bimages.iimg.in/files/retail_files/reports/data_file-jll-monthly... · in the city, as well as in customer preferences. Nevertheless, change

OFFICE

Demand Vacancy

RV

CV

RETAIL

Demand Vacancy

RV

CV

RESIDENTIAL

Demand Launches

RV

CV

Demand/Vacancy

Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling

Pulse

Monthly Real Estate Monitor

October 2015

Bangalore

France decided to invest in the Phase 2 of Bangalore Metro Project.

Agence Francaise of Development (AFD) has extended the credit limit to

2 billion Euros.

Demand in the month of September

remained strong.

Major transactions:

• Walmart, Tangoe, Aruba,

Rockwell Collins all at Outer Ring

Road

• Inteva at Hennur Outer Ring Road

• Alstom at CV Raman Nagar

Demand remained healthy in the

month of September. Both CBD and

Suburbs were equally active.

Major transactions:

• Westside at Yelahanka

• Senco at Jayanagar

• Pure Home Living at MG Road

• Zodiac at MG Road

South Bangalore witnessed launch of

many large sized projects being well

connected and of affordable pricing.

Key Launches:

• Peninsula heights at JP Nagar

• VBHC Palmhaven at Mysore

Road

• Prestige Song of the South at

Begur Road

• Goyal orchid Greens at Hennur

Road

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

CBD 80–130 10,000–22,000

Old Airport Road 60–75 7,000–12,000

Outer Ring Road (Eastern) 58–65 5,500–7,500

Old Madras Road 45–65 5,000–7,000

Electronic City 27–32 2,800–3,500

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Koramangala 90–160 9,000–18,000

Indiranagar 120–180 12,000–18,000

New BEL Road 80–120 6,000–12,000

Commercial Street 175–250 16,000–20,000

Jayanagar 80–150 8,000–18,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Old Madras Road 15,000–25,000 5,000–7,000

Indiranagar 22,000–35,000 10,000–20,000

Bellary Road 12,000–18,000 4,500–9,500

Hosur Road 10,000–14,000 4,000–6,500

Whitefield 15,000–25,000 5,000–9,000

Tumkur Road 8,000–12,000 3,600–6,000

Kanakapura Road 10,000–17,000 4,200–6,500

Mysore Road 8,000–10,000 3,500–6,000

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Page 6: Market Highlights - b2bimages.iimg.inb2bimages.iimg.in/files/retail_files/reports/data_file-jll-monthly... · in the city, as well as in customer preferences. Nevertheless, change

OFFICE

Demand Vacancy

RV

CV

RETAIL

Demand Vacancy

RV

CV

RESIDENTIAL

Demand Launches

RV

CV

Demand/Vacancy

Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling

Pulse

Monthly Real Estate Monitor

October 2015

Chennai

Chennai was the home for the Tamil Nadu Global Investors meet 2015

as a result of which around 100 MoUs are expected to be signed, of

which a few are expected to be operational by the end of this year. The

major investors include HCL, Yamaha, TCS etc..

Office space demand continued to

remain stable especially in the

peripheral sub-markets.

Major transactions:

• Scope International, Infoview and

Sutherland at OMR

Shollinganallur

• Hospira at OMR Taramani

• Vestas at Thoraipakkam

Malls witnessed a low demand due to

unavailability of quality space.

Major transactions:

• Mark & Spencers at Prime sub

market.

• FBB at Prime Suburb.

• Vishwa and Devji at Prime sub-

market.

• Ritu Kumar at Secondary sub-

market.

Residential demand was low while

launches remained stable.

Key launches

• Ritz and Elan at Thalambur by

Casa Grande

• Kalatmika at Thiruvanmiyur by

Etica Developers

• MS Orange County at Agaramthen

by MS Foundations

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Mount Road 60–85 9,000–16,500

RK Salai 65–85 10,000–15,000

Pre-toll OMR 40–70 5,000–6,500

Post-toll OMR 35–40 3,000–6,000

Guindy 45–65 6,500–9,000

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

T. Nagar 120–180 12,000–15,000

Nungambakkam 130–150 13,000–16,000

Velachery 90–125 10,000–12,000

Pre-toll OMR 80–100 8,000–11,000

Anna Nagar 120–150 11,000–13,000

LB Road (Adyar) 100–140 10,500–13,500

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Adyar 20,000–30,000 18,000–22,000

Medavakkam 11,000–14,000 4,000–6,000

Tambaram 8,000–15,000 4,000–6,000

Anna Nagar 18,000–25,000 10,000–15,000

Porur 7,000–12,000 4,200–6,200

Sholinganallur 9,000–12,000 4,500–6,000

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Page 7: Market Highlights - b2bimages.iimg.inb2bimages.iimg.in/files/retail_files/reports/data_file-jll-monthly... · in the city, as well as in customer preferences. Nevertheless, change

OFFICE

Demand Vacancy

RV

CV

RETAIL

Demand Vacancy

RV

CV

RESIDENTIAL

Demand Launches

RV

CV

Demand/Vacancy

Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling

Pulse

Monthly Real Estate Monitor

October 2015

Delhi NCR

• Faridabad on the 100 Smart Cities list at 95 and Ghaziabad is at 82

position

• Noida slashes conversion rate from 25% to 10%

• Two new routes announced in Noida - from Sector 71 to Knowledge

Park V passing through Sectors 122 and 123 and second line from

Okhla to Sector 142 along Noida-Greater Noida Expressway

Demand remained healthy. Lack of

vacancy in quality projects limited

fresh absorption. Good number of

enquiries and pre-commitments were

observed.

Major transactions:

• Reliance Jio in Noida City

• Vivo Mobiles in Greater Noida

• Olympus and Groupon both in

Gurgaon

Demand remained slow as vacancy

remains low in premium quality malls.

Pre-commitments in select, upcoming

malls remained healthy.

Major transactions:

• Tommy Hilfiger, AND & Global

Desi and Promod , all in Gurgaon

• Westside in Noida Worldmark 1

and Gardens Galleria were

completed in September.

Prolonged price stagnancy led to slight

increase in sales, especially in low-

ticket sized projects. Spot discounts,

flexible payment plans and freebies

were still available across projects with

more launches being seen in the

affordable and mid-segment range.

New Launches:

• ATS Le Grandiose and Supertech

Sports Republik in Noida

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Barakhamba Road 170–400 28,000–35,000

Jasola 110–170 17,000–21,000

DLF Cybercity 95–100 NA

MG Road 115–140 17,000–19,000

Golf Course Road 90–110 12,500–15,000

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

South Delhi 180–330 24,000–32,000

West and North Delhi 140–230 15,000–23,000

Gurgaon–MG Road 140–270 17,500–23,000

Rest of Gurgaon 60–100 8,000–14,000

Noida 130–220 14,000–25,000

Ghaziabad 90–150 10,500–16,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Golf Course Road 27,000–32,000 13,000–19,000

Sohna Road 17,000–20,000 5,800–7,500

Golf Course Extension Road 19,000–22,000 8,500–11,000

Dwarka Expressway NA 5,500–7,500

Noida–Greater Noida

Expressway 13,000–15,000 4,300–6,500

Noida City 12,000–14,500 4,700–6,000

Indirapuram 11,000–12,000 4,500–5,300

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Page 8: Market Highlights - b2bimages.iimg.inb2bimages.iimg.in/files/retail_files/reports/data_file-jll-monthly... · in the city, as well as in customer preferences. Nevertheless, change

OFFICE

Demand Vacancy

RV

CV

RETAIL

Demand Vacancy

RV

CV

RESIDENTIAL

Demand Launches

RV

CV

Demand/Vacancy

Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling

Pulse

Monthly Real Estate Monitor

October 2015

Hyderabad

The Government is making efforts to roll out details of unregistered

documents in the encumbrance certificates (EC), to enhance real estate

transparency. It is also planning to reduce the time of granting of

building permissions to 30 days, instead of the present 180 days.

Hitec City, Gachibowli and adjoining

areas continued to be the most

lucrative destination for investors.

However, the SBD too witnessed

traction indicating improved market

sentiments.

Major transactions:

• SGS and Atmecs at Manikonda

• Indeed and BACS at Hitec City

• Barclays at Banjara Hills

Demands continued to be good in the

CBD and SBD sub markets as the

market is expected to see larger

transactions in future.

Major transactions:

• Pepe, ICICI Bank and Yes Bank

on the High Streets of SBD

• Several factory outlets of brands

like Louis Philippe, Van Heusen,

Lee and Allen Solly at Attapur

Residential sector of Hyderabad

gradually gained pace and would

perform better with good future

demand.

New Launches:

• Prestige launched second phase

of High Fields at Gachibowli

• Provident by Purvankara at

Rajendra Nagar

• SMR Vinay Iconia at Kondapur.

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Begumpet 45–50 5,600–6,500

Banjara Hills 45–52 6,500–7,500

Hitec City 47–53 5,600–6,500

Gachibowli 38–42 5,500–6,000

Uppal 35–38 4,500–5,500

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Banjara Hills - Jubilee Hills 120–155 12,000–15,500

Secunderabad 110–120 11,000–12,000

Hitec City 110–130 11,000–13,000

Kukatpally 100–110 10,000–11,000

Himayatnagar 150–170 15,000–17,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Banjara Hills 20,000–25,000 8,500–15,000

Begumpet 15,000–20,000 4,500–5,500

Kondapur 12,000–18,000 3,500–5,000

Gachibowli 11,000–15,500 3,500–4,750

Tellapur 8,000–13,500 2,800–3,700

Kukatpally 9,500–16,000 4,000–5,000

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Page 9: Market Highlights - b2bimages.iimg.inb2bimages.iimg.in/files/retail_files/reports/data_file-jll-monthly... · in the city, as well as in customer preferences. Nevertheless, change

OFFICE

Demand Vacancy

RV

CV

RETAIL

Demand Vacancy

RV

CV

RESIDENTIAL

Demand Launches

RV

CV

Demand/Vacancy

Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling

Pulse

Monthly Real Estate Monitor

October 2015

Kolkata

Parama Island flyover would be thrown open to the public before Durga

Puja. Soon after the inauguration, vehicles would be allowed to ply over

the flyover. It would ease traffic movement to and from the airport and

city’s CBD to a great extent.

Overall demand of the city started

witnessing traction through increased

occupier enquiries.

Major transactions:

• Sandvik at Salt Lake

Demand increased with the opening of

Acropolis Mall at Kasba. Shoppers

Stop and Cinepolis commenced

operation in the mall. In addition, Vero

Moda, Only, Jack and Jones and Titan

leased out in the vanilla space.

Major transactions:

• Steve Madden at Quest Mall.

Residential demand in the city

continued to be stable in the mid-end

and upper-mid end category.

New Launches:

• Ideal Royale at Maniktala

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Park Street 110–135 13,000–20,000

Topsia 70–90 7,500–10,000

Kasba 75–90 8,000–11,000

Salt Lake Sector V 40–45 4,000–4,800

New Town and Rajarhat 32–36 3,200–4,100

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Elgin Road 300–350 24,000–28,000

Park Street (high street) 325–375 25,000–31,000

Prince Anwar Shah Road 150–200 15,000–18,000

Salt Lake 185–225 15,000–20,000

New Town and Rajarhat 60–80 6,500–8,000

Gariahat (high street) 200–250 16,000–22,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Alipore 50,000–70,000 15,000–22,000

Prince Anwar Shah Road 20,000–35,000 7,000–14,000

EM Bypass (Topsia) 15,000–25,000 6,000–10,000

Lake Town 10,000–16,000 4,000–7,500

New Town (AA- I, II & III) 9,000–15,000 3,500–6,000

Rajarhat 7,000–14,000 3,000–4,500

Behala 7,000–14,000 3,000–5,500

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Page 10: Market Highlights - b2bimages.iimg.inb2bimages.iimg.in/files/retail_files/reports/data_file-jll-monthly... · in the city, as well as in customer preferences. Nevertheless, change

OFFICE

Demand Vacancy

RV

CV

RETAIL

Demand Vacancy

RV

CV

RESIDENTIAL

Demand Launches

RV

CV

Demand/Vacancy

Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling

Pulse

Monthly Real Estate Monitor

October 2015

Mumbai

The Maharashtra government’s draft policy to boost retail trade in the

state envisages major real estate sops for retail entertainment zones to

be earmarked in cities, and inclusion of food and grocery under the

Maharashtra Essential Services Maintenance Act as essential services.

September witnessed robust

transaction activity. The month was

characterised by large space

transactions. SBD BKC, SBD North,

Thane & Navi Mumbai submarkets

witnessed the most of the transaction

activities. Major transactions:

• SBI Life bought in Navi Mumbai

• Piramal Healthcare leased in SBD

North

Demand for space in successful malls

continued to be on the rise and

categories such as F&B, premium

apparel and entertainment dominated

leasing activity. International brands

were seen increasing their footprints.

Major transactions:

• Hamley's in Suburbs

• Armani Jeans and G Star, both in

Prime South

Mumbai residential market continued

to witness moderate decrease in

demand with sluggish market

sentiments. The new launches also

recorded a fall from previous month.

Thane sub-market saw the maximum

launches during month of September.

New Launches:

• Piramal Vaikunth, Tata Serein and

Wadhwa Courtyard, all at Thane

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Lower Parel 160–200 17,000–22,000

BKC 240–330 26,500–34,000

Andheri - Kurla Road 100–145 10,000–15,500

Goregaon-Malad 85–125 9,000–12,500

Wagle Estate 50–65 5,200–6,900

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Lower Parel 260–390 22,000–32,300

Malad 160–250 12,500–20,000

Ghatkopar 130–220 10,100–18,300

Mulund 125–200 9,500–15,500

Thane 100–185 8,000–14,500

Navi Mumbai 75–150 7,000–12,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Lower Parel 65,000–1,10,000 25,000–40,000

Wadala 36,000–60,000 15,000–23,000

Andheri 32,000–55,000 12,500–21,500

Ghatkopar 30,000–46,000 11,500–17,000

Ghodbunder Road 12,000–25,000 6.000–9,500

Kharghar 10,000–18,000 6,000–9,000

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Page 11: Market Highlights - b2bimages.iimg.inb2bimages.iimg.in/files/retail_files/reports/data_file-jll-monthly... · in the city, as well as in customer preferences. Nevertheless, change

OFFICE

Demand Vacancy

RV

CV

RETAIL

Demand Vacancy

RV

CV

RESIDENTIAL

Demand Launches

RV

CV

Demand/Vacancy

Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling

Pulse

Monthly Real Estate Monitor

October 2015

Pune

No new infrastructure update is available for September.

Pune office market continued

witnessing a notable demand.

Constant leasing activity and limited

ready supply continually lowered the

vacancy rate. However, few Grade A

properties would hit the market with

healthy pre-commitment levels in the

coming few months.

Major transactions:

• KPIT and 3DPLM in Suburbs

Leasing continued to remain

moderately stable at malls and high

streets during the month. With no new

completions recorded, Pune’s

organised retail stock remained

unchanged. Rents and capital values

remained stable over the month.

Major transactions:

• Brand factory at Hinjewadi

Pune Residential sector witnessed

stable demand during the month.

Projects such as Purvankara

Silversand, Pride Purple Township and

Kalapataru Crescendo were at pre-

launch stage and would come on

stream in the next few months.

New launches:

• Riverdale in Kharadi submarket

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Hadapsar 55–70 6,500–8,000

Kharadi 55–70 6,500–7,500

Hinjewadi 38–48 5,000–7,000

Viman Nagar 55–75 7,000–8,500

SB Road 70–85 7,000–12,000

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

MG Road 100–160 15,000–21,000

Bund Garden Road 90–140 13,000–17,000

FC Road 100–150 15,000–20,000

JM Road 100–150 15,000–20,000

DP Road 90–130 12,000–16,000

SB Road 80–140 13,000-16,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Wakad 10,000–13,000 5,000–6,500

Hinjewadi 9,000–11,000 4,800–6,500

Kharadi 11,000–15,000 5,000–7,200

Hadapsar 13,000–18,000 5,500–7,500

Undri 8,000–12,000 4,000–5,500

Pimri-Chinchwad 8,000–15,000 4,500–6,000

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Page 12: Market Highlights - b2bimages.iimg.inb2bimages.iimg.in/files/retail_files/reports/data_file-jll-monthly... · in the city, as well as in customer preferences. Nevertheless, change

For more information about our research, contact

Ashutosh Limaye

National Director, Research and REIS

+91 98211 07054 [email protected]

Sujash Bera

Manager, Research

+91 98305 43922 [email protected]

Research Dynamics 2015

Pulse reports from JLL are frequent updates on real estate market dynamics.

Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients

seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 70 countries from

more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property

portfolio of 3.0 billion square feet. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate

assets under management.

JLL has over 50 years of experience in Asia Pacific, with over 27,500 employees operating in 80 offices in 15 countries across the region. The

firm was named ‘Best Property Consultancy’ in three Asia Pacific countries at the International Property Awards Asia Pacific 2013, and won

nine Asia Pacific Awards in the Euromoney Real Estate Awards 2013.

For further information, please visit our website, www.jll.com

JLL is India’s premier and largest professional services firm specializing in real estate. With an extensive geographic footprint across 11 cities

(Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore) and a staff strength of over

6800, the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including

research, analytics, consultancy, transactions, project and development services, integrated facility management, property and asset

management, sustainability, industrial, capital markets, residential, hotels, health care, senior living, education and retail advisory.

The firm was named the Best Property Consultancy in India (5 Star Winner) at the International Property Awards – Asia Pacific for 2012-13.

For further information, please visit www.joneslanglasalle.co.in