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Pulse
Monthly Real Estate Monitor
Market Highlights OCTOBER 2016
Office space demand
continued to improve
across most cities
Retail space demand
improved across all
cities except
Ahmedabad
Residential demand
continued to improve
in Bengaluru and
Chennai
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Five trends that will re-shape the
India real estate market
Co-working spaces finding favour with independent consultants, freelancers
Co-working spaces are popping up across Indian metros as well as tier-II cities
and helping many start-ups get flexible working options at prices they can afford.
These spaces offer desks at cheaper rentals and some also allow a rent-free
period to tenants apart from utilities and an office-like look-and-feel to potential
start-ups. Interestingly, start-ups buying/ leasing real estate to sub-lease it to such
tenants is also on the rise.
Crowdfunding beginning to take hold
Crowdfunding helps innovators and inventors raise money for launching their
products or services through the Internet. Although in nascent stages in India,
crowdfunding can pick up here as well because the financials of many developers
are stretched. With increased digitalization and transparency, investors can be
expected to open up to this way of investing if they can expect good returns.
Transparency to increase and help attract more funding
Two-thirds of the real estate markets globally have shown progress in their levels
of transparency over the past two years, according to JLL’s Global Real Estate
Transparency Index (GRETI) 2016. India too made improvements in overall
transparency scores by moving up four places. Capital allocations in excess of
US$1 trillion will be targeting CRE within the next decade, compared to US$700
billion now. This growth means investors will continue to demand further
improvements in real estate transparency.
Retailers looking favourably at office-retail complexes
Office-retail complexes (ORCs) are emerging as alternatives to high streets and
even malls, for some categories of retailers such as F&B (quick service
restaurants, coffee shops, fine dining, pubs, etc.) or BFSI (bank branches, ATMs,
broking services, etc.). Retail categories such as telecom services, office formals,
leather bags and accessories, high-end fitness centres, premium salons, eyewear
and mobile manufacturers are now all looking favourably at ORCs.
Technology transforming real estate requirements across the globe
Tech-enabled workplaces are becoming more common across the globe. More
recent build-out budgets show the expansion of IT services from cabling and
wiring to more than a dozen items for technology, including access devices,
infrastructure, mobility, connectivity, data security systems, wireless connections
and upgrades, business-specific apps, company-specific conferencing and
presentation capabilities. The aesthetics and prestige of an office, which were
formerly the primary considerations, are beginning to take a back seat to the
technology and the connectivity within buildings.
Anju Puri, Chairman & Country Head, JLL India
For further reading, please refer to the following link:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
-----
http://jllapsites.com/real-estate-compass/2016/08/office-realty-comes-full-circle/
The Central Government has approved an
ambitious USD 1.04 billion project for
constructing and upgrading roads totalling 558
km to link it with Bangladesh, Bhutan and Nepal
and ease the movement of passengers and
cargo, as part of the larger effort to increase inter-
regional trade by 60 per cent.
The new project has been given an official nod by
India's Department of Economic Affairs with 50
per cent funding from the Asian Development
Bank (ADB), adding that the road project will
cover West Bengal and Manipur on the Indian
side, as of now.
Investment sentiment
improving
Blackstone-Embassy JV to invest INR 5000 crore
to build over 16 million sq ft of office space.
An international coalition of over 80 property firms, including RICS, has
launched a new global standard for measuring residential buildings, a
move that can bring uniformity and transparency in this segment. The
new standard is set to replace several local standards of measurement
of buildings that has created inconsistencies across countries.
The National Green Tribunal (NGT) has directed the
ministry of environment and forests (MoEF) to
consider the objections raised by a petitioner against
exempting real estate projects from the environment
impact assessment (EIA) process.
Next
DELHI
KOLKATA
CHENNAI
BANGALORE
HYDERABAD
PUNEMUMBAI
AHMEDABAD
For more information about our research, contact
Ashutosh Limaye
National Director, Research and REIS +91 98211 07054 [email protected]
Aritra Das
Analyst, Research and REIS +91 95157 20645 [email protected]
Research Dynamics 2016
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
Weather Map
Back to top
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
DATA ANALYSIS FOR THE MONTH OF SEPTEMBER 2016
Ahmedabad
Policy/InfrastructureThe Airports Authority of India (AAI) plans to come out with documents
for seeking bids from private players for operating and managing
terminals at Ahmedabad aerodromes by November. It seeks to revive the
long pending plans to hand over the terminals of the airport to private
players. The proposal is to go for public private partnership.
Back to top
Moderate transaction activity was
recorded in Ahmedabad office market
during the month. BFSI occupiers were
seen executing the transactions in the
SBD submarket.
Major transactions:
• SNL Financial at Prahlad Nagar
• Project Celista was launched in
SBD
During the month, retail market
witnessed no major transaction activity.
Brands from quick service restaurants,
fashion apparels were searching for
quality spaces on high streets as well
as considering mixed use
developments to set up the retail
outlets along with malls.
Ahmedabad residential market saw
luxury project getting launched in the
city centre during the month. Suburban
areas of the city continued seeing small
scale projects getting launched.
Sales in the large scale projects have
been slower and still there is a notable
unsold inventory in the projects in and
around SG Highway.
Key PrecinctsRent (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 PrecinctsRent (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-Motera 60-80 9,000-12,000
Prahladnagar 70–120 18,000-22,000
Key Precincts
Rent (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
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
DATA ANALYSIS FOR THE MONTH OF SEPTEMBER 2016
Bangalore
Policy/InfrastructureBengaluru city’s infrastructure is expected to get a massive revamp
through chief minister’s Nagarothana scheme. Road infrastructure
development, construction of underground drainages, stormwater drains
and development of footpaths are some of the major development
agendas. The government had allocated INR 10,000 crores for Bruhat
Bengaluru Mahanagara Palike (BBMP) in this regard.
Back to top
Bangalore office market continued to
remain strong and witness good
leases.
Major transactions:
• ABB renewed space at Whitefield
• Qualcomm leased space at Outer
Ring Road
• Nasdaq leased space at St Marks
Road
West Bangalore has witnessed largest
amount of share in retail spending.
Leasing remained stable over the
month.
Major transactions:
• Hyper City and Landmark EasyBuy
at Rajaji Nagar
• Play salon and spa at Whitefield
Launches in Bangalore was robust in
the month of September
Major Launches:
• Vaswani Menlo Park, Prestige
Bougainvillea at Whitefield
• Rohan Akriti at Kanakapur Road
• Codename Five Rings at
Sarjapura Road
Key PrecinctsRent (INR per
sq ft per month)
Capital Value
(INR per sq ft)
CBD 85-130 12,000-22,000
Old Airport Road 70-90 8,000-15,000
Outer Ring Road (Eastern) 60-70 6,500-9,000
Old Madras Road 55-75 6,000-8,500
Whitefield 35-40 3,800-5,500
Electronic City 34-38 3,500-4,500
Key PrecinctsRent (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
Rent (INR per
month for a
1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Old Madras Road 15,000–25,000 4,500–6,500
Indiranagar 22,000–35,000 12,000–17,000
Bellary Road 12,000-18,000 4,900-7,600
Hosur Road 13,000-20,000 4,300-6,500
Whitefield 15,000-25,000 4,500-8,000
Tumkur Road 8,000-15,000 4,200-6,500
Kanakapura Road 8,000-15,000 4,000-6,000
Mysore Road 9,000-13,000 3,000-5,500
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
DATA ANALYSIS FOR THE MONTH OF SEPTEMBER 2016
Chennai
Policy/InfrastructureChennai Port will strengthen its infrastructure to handle cars for coastal
movement and exports. It is also modernising the port with paved
storage areas to provide a clean environment.
Back to top
The transactions in the market point
towards high demand of quality space.
Major transactions:
• Colliers at Guindy
• IVTL Infoview Technologies at
Thoraipakkam
• Fresh desk and DTCC at
Perungudi
Amidst flat rentals, retailers’ in out drill
churns major malls.
Major transactions:
• Saravana Jewellers and Lenovo
at Tambaram
• Kalyan Jewellers at Anna Nagar
and Velachery
• Pepper Fry at KNK Road
• Spykar Jeans at Nungambakkam
Residential real estate is showing
signs of improvement in spite of which
prices have been stagnant.
Major Launches:
• Notting Hill at Nungambakkam by
VGN Enterprise
• Emami Tejomaya at Navallur by
Emami Realty
Key PrecinctsRent (INR per
sq ft per month)
Capital Value
(INR per sq ft)
Mount Road 60-85 9,000-16,500
RK Salai 65-90 10,000-15,000
Pre-toll OMR 40-75 5,000-6,500
Post-toll OMR 35-40 3,000-6,000
Guindy 45-65 6,500-9,000
Key PrecinctsRent (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
Rent (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
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
DATA ANALYSIS FOR THE MONTH OF SEPTEMBER 2016
Delhi NCR
Policy/Infrastructure• The Haryana government has notified VAT at the rate of 1% for real
estate projects built till March 31, 2014
• Noida Authority to not allow FAR increase for under-construction and
upcoming projects
• Approval for direct metro link between Noida and Ghaziabad with
Mohan Nagar as the terminus
Back to top
Demand remains strong from IT/ITeS,
e-commerce, manufacturing and BFSI
sectors.
Major transactions:
• Sapient and Samsung in Gurgaon,
Concentrix in Noida, Philip Morris in
SBD
New Completions:
• Unitech Infospace, Sec 48 Gurgaon
Block 1 is complete
Retail demand is being driven by
apparel and F&B with focus largely in
available spaces in prominent, superior
malls
Major transactions:
• Hermes & Longchamp in Prime
South; Pantaloons Woman in
Prime Others
Launches visible to take advantage of
the upcoming festive season, sales
remain slow; interest largely for
completed, close-to-completion unsold
inventory; prices declining with
discounts being very prominent
Major Launches:
• Club Residences and Center Court
Prime Floors – both in Gurgaon
Key PrecinctsRent (INR per
sq ft per month)
Capital Value
(INR per sq ft)
Barakhamba Road 170-400 28,000-35,000
Jasola 105-120 16,000-18,000
DLF Cybercity 105-115 N/A
MG Road 100-120 16,000-18,000
Golf Course Road 65-140 12,500-17,000
Key PrecinctsRent (INR per
sq ft per month)
Capital Value
(INR per sq ft)
South Delhi 200-400 26,000-40,000
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
Rent (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 N/A 5,500-7,500
Noida–Greater Noida
Expressway13,000-15,000 4,300-6,500
Noida City 12,000-14,500 4,700-6,000
Indirapuram 11,000-12,000 4,500-5,300
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
DATA ANALYSIS FOR THE MONTH OF SEPTEMBER 2016
Hyderabad
Policy/Infrastructure• 2BHK scheme: 18 slums identified for building houses in Hyderabad &
Ranga Reddy districts
• The Greater Hyderabad Municipal Corporation (GHMC) has roped in
an NGO called SRACO to counsel the occupants on the significance
of the housing scheme and answer queries raised by them
Back to top
Hyderabad market remained upbeat.
Demand for quality spaces continued to
drive vacancy levels lower.
Major transactions:
• Epam Sysytems and Synchrony
Financial in Hitec City
• Tata Projects in Banjara Hills
Retail market in the city witnessed
good growth with transactions albeit
mostly in high streets.
Major transactions:
• Zivame at Jubilee Hills
• Mercedez Benz, Global Desi and
Airtel at Banjara Hills
• Breya at Himayatnagar
The residential market remained
stable following large launches in the
first half of the year. Demand
remained stable with most enquiries
concentrated in the western
submarket.
There were no major launches in the
month of September.
Key PrecinctsRent (INR per
sq ft per month)
Capital Value
(INR per sq ft)
Begumpet 45-50 5,500-6,500
Banjara Hills 45-55 7,000-8,000
Hitec City 48-55 6,000-7,000
Gachibowli 45-50 5,500-6,000
Uppal 30-35 4,500-5,500
Key PrecinctsRent (INR per
sq ft per month)
Capital Value
(INR per sq ft)
Banjara Hills-Jubilee Hills 140-160 13,500-16,000
Secunderabad 120-130 12,000-13,000
Hitec City 120-140 12,000-14,000
Kukatpally 100-115 10,000-11,500
Himayatnagar 150-170 15,000-17,000
Key Precincts
Rent (INR per
month for a
1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Banjara Hills 25,000-35,000 7,000-15,000
Begumpet 17,500-25,000 4,500-5,500
Kondapur 11,000-20,000 3,800-5,000
Gachibowli 11,000-20,000 3,500-4,800
Tellapur 7,000-12,500 3,000-3,800
Kukatpally 15,000-20,000 4,000-5,000
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
DATA ANALYSIS FOR THE MONTH OF SEPTEMBER 2016
Kolkata
Policy/Infrastructure• Townships over 50 acres in West Bengal to enjoy moderation of land
ceiling act
• The West Bengal government signed an MoU with Burn Standard
Company to start monorail services from Budge Budge to Ruby
Hospital connecting the city with its outskirts
• The government is working towards a single RTA to offer citizens
seamless, tech based facilities
Back to top
Market witnessed steady transaction
activity. Most transactions happened for
small to medium sized floor spaces.
Major transactions:
• PWC Service Delivery and RCom
in Sec V
• Nielson at SBD
Market remained strong in the month of
September with some large spaces
being taken up. The festive season is
expected to witness more activity.
Major transaction:
• Jimmy Choo at Quest Mall
• Monkey Bar at Camac Street
• Pantaloons in the suburbs
The residential market remained stable
while there were few launches over the
month in the pre-festive season.
Major launches:
• Emami Swan Court at Rajarhat by
Emami Realty
Key PrecinctsRent (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 PrecinctsRent (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
Rent (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
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
DATA ANALYSIS FOR THE MONTH OF SEPTEMBER 2016
Mumbai
Policy/InfrastructureThe Maharashtra Chief Minister Devendra Fadnavis announced the
state’s new housing policy in September 2016, primarily emphasising on
the role of ‘redevelopment’ and ‘cluster development’. The policy is
important for cities such as Mumbai where it is necessary to redevelop
old and dilapidated buildings.
Back to top
Mumbai Office Market saw large spaces
getting transacted during the month of
September. Occupiers from the
pharmaceutics, telecom industries
contributed to the demand. Occupiers
were seen consolidating their offices.
Major transactions:
• Teva Pharmaceutical in Western
Suburbs
• Tata Communications in BKC
Retailers in F&B, apparel and
experiential retail space are most
active.
Major transactions:
• 212 All Day Café in Prime South
• Social (F&B) in Suburbs
• Decathlon (sports) in Suburbs
New Completions:
• Lodha Xperia became operational
recently in Suburbs
The demand for Mumbai residential
sector seen slight drop in month of
September across all sub-markets over
previous month. The new launches
also seen drop during the month.
Major Launches:
• Freeway 37 at Wadala
• Kabra Centroid at Kalina
• The Palette at Dadar
Key PrecinctsRent (INR per
sq ft per month)
Capital Value
(INR per sq ft)
Lower Parel 165-210 17,500-22,000
BKC 230-320 27,500-34,000
Andheri - Kurla Road 100-150 10,000-16,000
Goregaon-Malad 85-135 9,500-12,500
Wagle Estate 50-65 5,200-6,900
Key PrecinctsRent (INR per
sq ft per month)
Capital Value
(INR per sq ft)
Lower Parel 260-390 23,000-32,300
Malad 130-200 12,500-19,000
Ghatkopar 120-220 11,100-18,300
Mulund 100-190 10,500-15,500
Thane 100-150 8,000-14,500
Navi Mumbai 95-140 8,000-13,000
Key Precincts
Rent (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 13,500-23,000
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
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
DATA ANALYSIS FOR THE MONTH OF SEPTEMBER 2016
Pune
Policy/InfrastructureTo speed up infrastructure projects in the city, the Pune Municipal
Corporation has formed a coordination committee having representatives
of various government organisations to resolve issues in the project that
have involvement of more than two government organisations.
Back to top
The demand for office space remained
stable in the month of September.
Leasing of office spaces witnessed
healthy activity among the ready to occupy
office spaces and in buildings nearing
completion.
Major transactions:
• Eaton leased in OM Chambers,
PCMC
• BBD leased space in Sky Vista,
Viman Nagar
Leasing activity in malls remained
stable. Few select malls witnessed
marginal rental appreciation during the
month.
Major transactions:
• Agents Jack leased in Koregaon
Park
In the month of September, the sales
for Pune residential market remained
stable. However, launches increased
marginally during the month.
New launches:
• Platinum Park by Platinum Realty
launched in Hinjewadi
• Gagan Ela by Gagan Developers
Launched in Undri
Key PrecinctsRent (INR per
sq ft per month)
Capital Value
(INR per sq ft)
Hadapsar 55-70 6,500-9,000
Kharadi 55-70 6,500-9,500
Hinjewadi 40-48 5,000-7,000
Viman Nagar 55-75 7,000-11,000
SB Road 70-85 7,000-12,000
Key PrecinctsRent (INR per
sq ft per month)
Capital Value
(INR per sq ft)
MG Road 160-200 22,000-30,000
Bund Garden Road 100-120 20,000-25,000
FC Road 150-200 25,000-30,000
JM Road 150-190 25,000-30,000
DP Road 100-120 18,000-26,000
SB Road 90-110 18,000-25,000
Key Precincts
Rent (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
For more information about our research, contact
Ashutosh Limaye
National Director, Research and REIS
+91 98211 07054 [email protected]
Aritra Das
Analyst, Research and REIS
+91 95157 20645 [email protected]
Research Dynamics 2016
Pulse reports from JLL are frequent updates on real estate market dynamics.
About JLL
JLL (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. A Fortune 500 company with annual fee revenue of $5.2 billion and gross
revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than
60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square
feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment
management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and
a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com
JLL has over 50 years of experience in Asia Pacific, with 34,000 employees operating in 92 offices in 16 countries across the region. The firm
won 15 awards at the International Property Awards Asia Pacific in 2016 and was named number one real estate advisor in Asia at the 2015
Euromoney Real Estate Awards. www.ap.jll.com
About JLL India
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
8500, 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
awarded the Property Consultant of the Decade at the 10th CNBC-Awaaz Real Estate Awards 2015 and the Best Property Consultancy in India
at the International Property Awards Asia Pacific 2016-17.
For further information, please visit www.jll.co.in