Bangalore Monthly Real Estate Monitor May 2017 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Sunday, June 04, 2017

Bangalore Monthly Real Estate Monitor May 2017



Bangalore Monthly Real Estate Monitor May 2017

DATA ANALYSIS FOR THE MONTH OF APRIL 2017

From JLL INDIA


OFFICE

Miniature differentiation in rentals of aged buildings in the CBD and Suburbsmade CBD more desirable.

Major transactions

Rockwell Automation leased space at Langford Town

Visa leased space at Outer Ring Road

Yamaha leased space at RajbhavanRoad

Key Precincts
Rental Value (INR per sqftper month)
Capital Value(INR per sqft)
CBD
90–130
12,000–22,000
Old Airport Road
95-110
9,000–15,000
Outer Ring Road (Eastern)
65-80
7,000-9,000
Old Madras Road
55–75
6,000–8,500
Whitefield
35-45
3,800-6,000
Electronic City
34–40
3,500–4,500

Retails

We witnessed a space crunch in the Secondary micro market especially  in the mid ticket size I.e.750-1500 sq ft.

Major transactions:

RituKumar leased space at Jayanagar

Cult leased space at HSR

Keventersleased space at VittalmallyaRoad

Puma leased space at SarjapurRoad


Key Precincts
Rental Value (INR per sqft per month)
Capital Value(INR per sq ft)
Koramangala
160–200
15,000–18,000
Indiranagar
180-250
16,000–30,000
New BEL Road
100-130
10,000–15,000
Commercial Street
250-350
25,000–40,000
Jayanagar
200–250
20,000–30,000

RESIDENTIAL

Launches in Bangalore continued to be lull over the months.
HosurRoad followed by KanakapuraRoad witnessed good demand in sales over the month.

New Launches

Brigade Parklaneat BridageMeadows in KanakapuraRoad

Casa Grande Hoodiat Whitefield

Key Precincts
Rental Value (INR per month for a 1,000 sq ft 2BHK apartment)
Capital Value(INR per sq ft)
Old Madras Road
15000-25000
4500-6500
Indiranagar
22000-35000
12000-17000
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


Policy/ Infrastructure
Nandi Infrastructure Corridor Enterprise (NICE) operates a 41 km peripheral road linking Tumakuru Road to Hosur Road, and another 9.1 km link road that connects the ring road at Hosakerehallito the peripheral road at the cloverleaf junction.


Bangalore Monthly Real Estate Monitor May 2017 Reviewed by S. Chitra on June 04, 2017 Rating: 5 Bangalore Monthly Real Estate Monitor May 2017 DATA ANALYSIS FOR THE MONTH OF APRIL 2017 From JLL INDIA OFFICE Miniat...

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