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

Delhi NCR Monthly Real Estate Monitor May 2017


Delhi NCR Monthly Real Estate Monitor May 2017

From JLL India

DATA ANALYSIS FOR THE MONTH OF APRIL 2017

Office

Demand  remained healthy but is starting to get constrained due to declining vacancy in quality projects; older projects undergoing rent correction.
Major transactions:

Lufthansa, Azure Power in Aerocity-SBD,

New Completions:

Trustone City SEZ Phase 1 in Noida and Digital Greens in Gurgaon

Key Precincts
Rental Value (INR per sq ft per month)
Capital Value(INR per sq ft)

Barakhamba Road
140–340
28,000–35,000
Jasola
100-110
15,000–18,000
DLF Cybercity
105–120
NA
MG Road
90-120
14,5000–17,500
Golf Course Road
75-150
12,500–17,000

Retail

Leasing activity continued to be constrained by low vacancy in superior malls as most well-known brands are looking for available space in these select malls only
Major transactions:

Reliance Trends in Greater Noida

New Completions:
No completions during the month

Key Precincts
Rental Value (INR per sqft 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


RESIDENTIAL
Sales continued to stagnate and launches are low as developers are aiming to complete pending projects or ensure compliances with the onset of RERA. Prices remain under pressure.

New Launches:
Cerise Suites in Gurgaon

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
13,000–15,000
Sohna Road
17,000–20,000
5,800–7,200
Golf Course Extension Road
19,000–22,000
8,000–10,000
Dwarka Expressway
NA
5,000–7,500
Noida–Greater Noida Expressway
13,000–15,000
4,300–6,500
Noida City
12,000–14,500
4,600–6,000
Indirapuram
11,000–12,000
4,500–5,300


Policy/ Infrastructure

Revival of JewarAirport as well as Greater Noida-Jewarairport metro proposals by UP Govtand local bodies

HUDA to start work on a road connecting SPR with NH-8, bypassing KherkiDaula, in a few weeks and expected to be completed over the next 2-3 months.


Delhi NCR Monthly Real Estate Monitor May 2017 Reviewed by S. Chitra on June 04, 2017 Rating: 5 Delhi NCR Monthly Real Estate Monitor May 2017 From JLL India DATA ANALYSIS FOR THE MONTH OF APRIL 2017 Office Demand  r...

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