Office Space..!
Leasing activity remained strong in SBD & Hitec
City. Demand for office space therefore remained stable during the November
month (2012). Vacancy continued to decrease in the city with increased leasing
activity.
The key transactions in November, 2012 were Hyundai
Rotem, Starlite Global India, Impel Overseas and Sree Jayajothi Cements leasing
space at Shangri-La Plaza in Banjara Hills & Harsco leasing space in iLabs
Hitec City.
Rents & capital values remained stable in
November, 2012.
Retail Space..!
Lanco Group launched Mega Mall in Lanco Hills SEZ
in November. Leasing activity started in the mall over the month. High streets
continued to dominate the leasing activity due to few mall spaces available.
Vacancy remained almost stable in existing malls. The key transactions in
November were CCD leasing space in Banjara Hills; CCD Lounge leasing space in
Madhapur; Domino’s leasing space in Jubilee Hills, Towlichowki and S P Road;
and Khazana Jewellery leasing space in Dr. A S Rao Nagar. There was no completion
of mall projects in November. Rents increased nominally at few high-street
locations with growth in demand.
Residential..!
Residential sales continued to improve in the
festival season. The new launches in November were Ramky One Kosmos by Ramky Group,
Janapriya Classic by Janapriya Engineers Syndicate, Aparna Hill Park Gardenia
and Lake Breeze by Aparna Group and Jains Salzburg by Jain Housing. Rents
remained stable while capital values increased marginally across all
submarkets.
INFRASTRUCTURE ONGOING..!
The first metro rail service in Hyderabad is
expected to be commissioned by mid-2015 for the 8 km stretch between Nagole and
Mettuguda, a part of Line Three between Nagole and Raidurg.
|
Residential
|
Rents
|
Capital Value
|
|
Key Precincts
|
Rs. per month for a 1,000 sq ft 2 BHK apartment
|
Rs. per sq ft
|
|
Banjara Hills
|
15,000 to 20,000
|
5,500 to 10,000
|
|
Begumpet
|
12,000 to 16,000
|
3,700 to 5,000
|
|
Kondapur
|
12,000 to 16,000
|
2,800 to ,500
|
|
Tellapur
|
8,000 to 12,000
|
2,800 to 3,000
|
|
Kukatpally
|
7,000 to 10,000
|
3,500 to 3,800
|
|
Miyapur
|
5,000 to 6,000
|
2,200 to 3,500
|
|
Retail
|
Rents
|
Capital Value
|
|
Key Precincts
|
Rs. per sq ft per month
|
Rs. per sq ft
|
|
Banjara Hills
|
100 to 130
|
10,000 to 13,000
|
|
Jubilee Hills
|
110 to 140
|
11,000 to 14,000
|
|
Secunderabad
|
80 to 100
|
8,000 to 10,000
|
|
Hitec City
|
100 to 130
|
10,000 to 13,000
|
|
Kukatpally
|
100 to 120
|
10,000 to 12,000
|
|
Dilshuknagar
|
100 to 120
|
10,000 to 12,000
|
|
Office
|
Rents
|
Capital Value
|
|
Key Precincts
|
Rs. per sq ft per month
|
Rs. per sq ft
|
|
Begumpet
|
45 to 55
|
4,500 to 6,500
|
|
Banjara Hills
|
50 to 60
|
4,500 to 7,500
|
|
Hitec City
|
34 to 42
|
4,000 to 5,200
|
|
Gachibowli
|
34 to 38
|
4,000 to 5,000
|
|
Uppal
|
25 to 35
|
3,000 to 4,000
|
|
Shamshabad
|
20 to 25
|
3,000 to 4,000
|
|
|
|
|
For more information about research
JLL India
Ashutosh Limaye
Head, Research and REIS
ashutosh.limaye@ap.jll.com
+91 98211 07054
Trivita Roy
Assistant Vice President, Research
trivita.roy@ap.jll.com
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