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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 Get city Pulse by clicking below

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Page 1: Market Highlightsd3ajvuw23j7pxv.cloudfront.net/upld... · Five trends that will re-shape the India real estate market Co-working spaces finding favour with independent consultants,

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

Get city Pulse by clicking below

Page 2: Market Highlightsd3ajvuw23j7pxv.cloudfront.net/upld... · Five trends that will re-shape the India real estate market Co-working spaces finding favour with independent consultants,

Market

Sentiment

Deal of

the

month

Think About it!!

Green Wall

Pulse

Monthly Real Estate Monitor

Favourable Neutral Unfavourable

Legend: Market Sentiment

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

Page 3: Market Highlightsd3ajvuw23j7pxv.cloudfront.net/upld... · Five trends that will re-shape the India real estate market Co-working spaces finding favour with independent consultants,

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

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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

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

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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

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

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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

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

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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

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

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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

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

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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

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

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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

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

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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

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

Page 12: Market Highlightsd3ajvuw23j7pxv.cloudfront.net/upld... · Five trends that will re-shape the India real estate market Co-working spaces finding favour with independent consultants,

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.

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