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Pulse
Monthly Real Estate Monitor
Market Highlights AUGUST 2016
• Office space
demand continued
to increase across
most of the cities
• Retail space
demand improved
in Bengaluru,
Chennai and
Hyderabad
• Residential
demand continued
to improve in
Bengaluru,
Chennai and
Mumbai
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Legend: Market Sentiment
Creating Wealth with Residential
Real Estate Investment Effective investment in residential property requires the chosen location to meet
certain parameters. Fundamentally, the area should have good social infrastructure,
availability of adequate public transport and sufficient economic activity to sustain
development and growth. These parameters apply equally to investment in NA-
certified land approved for residential development and flats in a residential project.
Further Guidelines:
• The property cycle needs to be understood so as to identify the best entry point
• Leasehold titles issued by the Government must be fathomed
• The investor needs to have a clear comprehension of unearned increase or
capital gain and the consequently higher stamp duty implication at the time of
conveyance from the developer
• The quality of the development is important, because depressed markets often
result in poor design and construction quality
• Availability of the project’s development plans and all statutory approvals is de
rigueur.
• The title’s due diligence by a qualified and reputed legal firm is now a given.
• The location of development may be important, but so is the location of the plot
or apartment within the complex.
• The price band of the development should be lower than the last highest peak
in 2008 (exceptions can and should be made for quality, delivery date and
location)
• The time of conveyance of land and delivery must be explicitly clear
• The investor must clearly understand the delta between soft launch, launch
and current price of the developer.
• The investor should employ usable carpet area vis-à-vis chargeable area as
the price benchmark vis-à-vis other projects
Finally, the investor should keep an eye on the market and sell the residential
property at the right time in order to multiply wealth. It is important to remember that
one can almost never sell at the peak, just as it is impossible to always catch the
lowest price.
Best Cities for Residential Property Investment
Some of the markets that currently show the highest residential property investment
potential:
North India: NCR, Lucknow, Chandigarh and Jaipur, Dehradun
East India: Bhubaneswar, Kolkata and Guwahati, Ranchi
West India: Ahmedabad, Mumbai, Pune and Nasik, Nagpur
South India: Hyderabad, Bangalore and Chennai, Coimbatore, Vijayawada
Within these cities lie the opportunities for a higher delta of capital value
appreciation, depending on the demand and supply dynamics of their micro markets
and also the quality of development, reputation of the developer, strategic value of
the location and timely completion of projects.
Anju Puri, Chairman & Country Head, JLL India
To read further, please refer to the following link:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
http://jllapsites.com/real-estate-compass/2016/07/creating-wealth-residential-real-estate-
investment/
The Central government has cleared the Model
Shops and Establishments (Regulation of
Employment and Conditions of Services) Act
2015 that promises to revolutionise India’s retail
industry and improve ‘ease of doing business’.
This will allow all public amusement
establishments with at least 10 employees – such
as restaurants, local markets, shopping malls and
movie theatres – to operate 24×7. This Act will
have to be implemented by all states. Once
implemented, offline retailers operating in will
stand to benefit hugely as the Act brings them on
a level-playing field with online retailers (who
operate round the clock).
Investment sentiment
improving
RMZ bought Bengaluru’s second Shangri-La
hotel project proposed on 15 acre land for INR
700 crore to expand biz park
The Goods & Services Tax (GST) was finally passed in the Rajya
Sabha, paving the way for what is popularly referred to as the concept
of “one nation, one tax.” As the general impact of GST on the
economy is positive, market naturally is pricing better days ahead.
India will soon have the second highest number of
green buildings in a country globally at 57% by 2018,
rising from 37% at present, just behind South Africa at
61%, says a new study. This increase will make India
a particularly strong market for green building
products and services.
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 JULY 2016
Ahmedabad
Policy/InfrastructureUnlike commercial markets the residential real estate saw lukewarm
activity. No prominent launches were recorded. However the developers
were seen planning to launch affordable projects in the suburban areas of
Ahmedabad such as Gota and Bopal where the demand exists for the
same category.
Back to top
Ahmedabad Office market saw notable
transaction activities during the month.
Companies from the manufacturing
industry were seen contributing to the
office space demand.
Major transactions:
• Ingersoll Rand at Sun Square, CG
Road
• IPlex at Brooklyn tower, SG Highway
New completions:
• Brooklyn Tower SG Road
During the month, retail market in the
city witnessed transactions from the
apparel category during the month.
Occupiers were seen preferring high
street spaces with high frontage over
the retail mall spaces.
Major transactions:
• Both the brands including ‘AND’
and ‘Global Desi’ leased space in
SBD submarket
Unlike commercial markets the
residential real estate saw lukewarm
activity. No prominent launches were
recorded. However the developers
were seen planning to launch
affordable projects in the suburban
areas of Ahmedabad such as Gota and
Bopal where the demand exists for the
same category.
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
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 JULY 2016
Bangalore
Policy/InfrastructureBengaluru development body said the Hennur flyover will be ready by
November end.
Back to top
Leases remained strong in the month of
July. North Bangalore witnessed increased
interest given limited space available for
leasing in other parts of the city.
Major transactions:
• Accenture leased space at Whitefield
and HGST at Lavelle Road
• Harman Kardon and Citi Bank leased
space at Outer Ring Road
• Comviva leased space at Yelahanka
Retail leases remained stable over the
month of July. Cash n Carry stores are
popularly emerging in suburbs of
Bangalore.
Major transactions:
• Chai point leased space at Vittal
Mallya Road.
• Metro Cash and Carry in Whitefield
• Tea Trails leased space in
Koramangala and HSR Layout.
North Bangalore is witnessing
increased launches in the high end
residential projects.
Major launches:
• Vaishnavi Triniti at Hebbal
• Mana Tropicale at Sarjapur Road
• Legacy Selvador at Yelahanka
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
CBD 85–130 12,000–22,000
Old Airport Road 70–90 7,000–12,000
Outer Ring Road (Eastern) 60–70 5,500–7,500
Old Madras Road 55–75 6,000–8,500
Electronic City 35 – 40 3,800–5,500
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 35,000–75,000 10,000–25,500
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 JULY 2016
Chennai
Policy/InfrastructureChennai Corporation announced that “Amma cinemas” would be soon be
established on vacant lands in various parts of the city and the cost of
tickets would be fixed by the Corporation.
Back to top
Chennai showed no movement in
rental and capital values. The
peripheral areas however continued to
gain traction owing to the availability
of price competitive rental stock.
Major transactions:
• Amazon at Kandanchavadi
• Xybion at OMR
• Carma at R K Salai
Positive economic conditions
translated into healthy growth in
tenant demand and falling vacancies.
Major transactions:
• FabIndia at Anna Nagar
• Tovo at T Nagar
• KTM and Raymmonds at Adyar
• Murugan Idli at Velachery
Cost overruns, soaring inventory and
delayed approvals slowed the sales.
Major launches:
• Uptown at Thandalam by Casa
Grande
• Monte Carlo at Mount Road by
Casa Grande
• Corniche at Egmore by Ramky
Wavoo Developers
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 65–90 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 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
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 JULY 2016
Delhi NCR
Policy/Infrastructure• INR 658 crores allotted for five infra projects in Delhi
• INR 273 crores allotted for making Gurgaon smart grid city
• HUDA to acquire 300 acres in sector75-80 in Gurgaon for infra
development
• Circle rates hiked in Noida; apartments are left out of the hike
Back to top
Demand continues to remain healthy as
occupiers are actively scouting for
space for relocation as well as
expansion-driven requirements.
Major transactions:
• Expedia in DLF Cybercity
• BDO on Golf Course Road
• Avanta Business Centre in Nehru
Place
• Hitachi on MG Road
Retailers continue looking for space in
quality retail developments which are
already operating at high occupancies
and thus limiting fresh space take-up
Major transactions:
• House of Anita Dongre, FabIndia
and Coverstory all in Gurgaon
Sales remain tepid with buyers’ focus
towards near-to completion projects
and those by well-known developers
only; new launches are virtually non-
existent
Major launches:
• Puri Amanvilas in Faridabad
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 105–130 17,000–19,000
DLF Cybercity 105–115 NA
MG Road 115–140 17,000–19,000
Golf Course Road 65–140 12,500–17,000
Key Precincts
Rental Value
(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
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
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 JULY 2016
Hyderabad
Policy/InfrastructureThe Telangana government is now planning to develop a new financial
district spread over 50 acres in the next six to nine months. The second
financial district is part of the larger plan to re-position Hyderabad as BFSI
capital and offer facilities to the BFSI companies.
Back to top
Hyderabad market remained upbeat with
several enquiries. Good demand and low
availability of quality spaces continued to
be the norm in the western IT corridor.
Major transactions:
• Ering Cad, Prutech Solutions and
Cytel leased space in Hitec City
Retail market in the city witnessed
robust growth with several
transactions in upcoming shopping
malls and high.
Major transactions:
• McDonalds, Centro, Spykar at
Namshree Mall in Attapur
• Indian Terrain in A S Rao Nagar
• Pepperfry in Banjara Hills in
Madinaguda
The residential market remained stable
following large launches in the past few
months. Demand have witnessed an
upward swing following the healthy
economic activity.
Major launches:
• GK Pride by GK Developers in Yapral
• Gauthami Vivana by Gauthami
Developers in Gandipet
• Goldfish Zresta in Kokapet by Goldfish
Abode Pvt. Ltd.
Key Precincts
Rental Value
(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 40–48 5,500–6,000
Uppal 30–35 4,500–5,500
Key Precincts
Rental Value
(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
Rental Value
(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 JULY 2016
Kolkata
Policy/InfrastructureGreen approval must for big realty projects covering 2 lakh square feet or
more in West Bengal. Builders will also need a separate Urban Land
Ceiling (ULC) certificate, issued by the land revenue department.
Back to top
Market witnessed moderate transaction
activity. Most transactions happened for
small to medium sized floor spaces.
Major transactions:
• Dabur in SBD
• Cognizant in New Town
New launches:
• ITC Infotech began construction work
in New Town
Market remained stable in the month of
July. While demand remained steady,
availability of quality space determined
the movement of transactions. There
were no major transaction in the month
of July.
The residential market remained stable
while launches remained steady over
the month.
Major launches:
• Rajarhat One by Ruchi Realty at
New Town Action Area 1
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
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 JULY 2016
Mumbai
Policy/InfrastructureWork on the Mumbai Trans Harbour Link (MTHL) is expected to begin
before the end of this financial year as the MMRDA has received a good
response in the preliminary bidding stage.
Around 20 consortia have submitted bids for three components of the INR
17,500-crore project that ensures faster connectivity between South
Mumbai and Navi Mumbai.
Back to top
Office market saw moderate transaction
activity during the month. Small office
spaces were transacted the most.
Major transactions:
• Ambience Water Solutions and
Diamond Power Infra in SBD North
New launches:
• Piramal Realty launched Augusta
Corporate Park in the fringe area of
BKC submarket
Retail market witnessed healthy
leasing activity in the month. Most of
the demand was driven by the
apparel and F&B categories.
Major transactions:
• Olive Bar & Kitchen in Suburbs
• Raymond in Suburbs
• Manish Arora in Prime South
Mumbai residential sector witnessed
slightly increased new launches mainly
in Thane sub-market whereas demand
remained stable over month of July.
Major launches:
• Phase I of Dosti Desire at Thane
• Phase I of Godrej Emerald at
Thane
• Kanakia Hollywood at Versova
Key Precincts
Rental Value
(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 Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Lower Parel 260-390 23,000-32,300
Malad 130-230 12,500-20,000
Ghatkopar 120-220 10,100-18,300
Mulund 150-250 9,500-15,500
Thane 100-180 8,000-14,500
Navi Mumbai 85-140 8,000-12,000
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 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 JULY 2016
Pune
Policy/InfrastructureThe Pune city is planning to join hand with China's Jinhua city as a sister
city. The decision was taken in a meeting with officials from China when a
delegation of China's Jinhua municipal corporation recently visited Pune
Municipal Corporation (PMC)
Back to top
Demand for office space in Pune
remained stable during the month. The
city saw few grade A completions in
SBD admeasuring 1.0 million sqft with
healthy pre-commitment.
Major transactions:
• Varroc leased in ICC Tech Park
Sutherland leased in Cybercity.
Leasing activity in malls remained
stable. Few select malls witnessed
marginal rental appreciation during the
month.
Major transactions:
• Max leased in Nitesh Hub
• Star Bazaar leased on SB Road
In the month of July, the sales for Pune
residential market remained stable.
However, launches by prominent
developers witnessed good demand
during the month.
New launches:
• Mantra Divine by Mantra
Properties launched in Wagholi.
Key Precincts
Rental Value
(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 7,000–10,000
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 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
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
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 JLLJLL (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 $58.3 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 over 33,000 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 IndiaJLL 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.joneslanglasalle.co.in