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

Chennai Monthly Real Estate Monitor May 2017

Chennai Monthly Real Estate Monitor May 2017

DATA ANALYSIS FOR THE MONTH OF APRIL 2017

Report From JLL India

Office

Sluggish leasing market due to a lack of vacant space in quality projects. 
Major transactions:

TVS Electronics at Kandanchavadi

Seeantat Anejas


Key Precincts
Rent (INR per sqft 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
40-90
5,000-6,500
Post-toll OMR
35-50
3,000-6,000
Guindy
45-65
6,500-9,000

Retail

Limited vacancy in superior malls limiting leasing activity. Good pre-commitments in the upcoming malls.
Major transactions:

Adidas at C P RamaswamyRoad

Zivameat KNK Road

Reliance Trends at ViviraMall

Key Precincts
Rent (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

RESIDENTIAL

There was a lull in the residential  real estate market for about two months in primarily owing to restrictions in carrying cash and ripples in political situation in the city.

New Launches:
Poonamalle Avantikaat Chromepet
Brigade Xanadu Ph1 at West Mogappair



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


Policy/Infrastructure


Chennai commuters get 28 km of Metro Rail service out of the total 45 km planned for the first phase. The government sanctioned the project in January 2009 at a cost of ₹14,600 crore, and it has so far released about ₹11,301 crore.
Chennai Monthly Real Estate Monitor May 2017 Reviewed by S. Chitra on June 04, 2017 Rating: 5 Chennai Monthly Real Estate Monitor May 2017 DATA ANALYSIS FOR THE MONTH OF APRIL 2017 Report From JLL India Office Sluggis...

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