Delhi residential
market ..!
Delhi residential
market continued
to observe healthy demand from consumers in December, like in previous months.
NH 8, NH 24 and Dwarka Expressway had come up as emerging locations in the
city.
The new launches over
the month included the Skycourt in Gurgaon by DLF, Vesta at Privvy, The Address
by Spaze in Gurgaon and Elite’s Arena by Unnati Fortune in Noida. Whilst the
rents remained stable, the capital values increased across submarkets on the
back of stable demand during December.
|
Residential
|
Rents
|
Capital Value
|
|
Key Areas
|
Rs. per month for a 1,000 sq. ft 2.BHK flat
|
Rs. per sq.ft
|
|
Golf
Course Road
|
22,000
to 32,000
|
12,000
to 16,000
|
|
Sohna
Road
|
15,000
to 20,000
|
5,800
to 7,500
|
|
Golf
Course Extension Road
|
16,000
to 22,000
|
7,500
to 9,500
|
|
NH
8
|
14,000
to 19,000
|
3,900
to 5,500
|
|
Dwarka
Expressway
|
NA
( No operational stock)
|
5,000
to 6,000
|
|
Noida
to Greater Noida Expressway
|
12,000
to 14,000
|
4,000
to 5,500
|
|
Noida
City
|
12,000
to 14,500
|
4,500
to 6,000
|
|
Indirapuram
|
10,000
to 12,000
|
4,000
to 4,800
|
|
NH
24
|
7,000
to 9,000
|
2,400
to 3,200
|
Retail spaces in
Delhi ..!
The demand for retail
spaces in Delhi increased during the month of December, 2012 decreasing the
vacancy levels.
Some of the key
transactions in December included Bahi leasing space in Golf Course Road and Mc
Donald’s renting space in Eros Metromall in Dwarka. MSX Central Market in
Greater Noida and Europark in Ghaziabad were the 2 malls that commenced their
operations in December, 2012.
Rents and capital value both remained stable
in all submarkets.
|
Retail
|
Rents
|
Capital Value
|
|
Key
Areas
|
Rs.
per sq ft per month
|
Rs.
per sq ft
|
|
South Delhi
|
180 to 240
|
21,000 to 30,000
|
|
West and North Delhi
|
140 to 220
|
14,000 to 23,000
|
|
Gurgaon to MG Road
|
150 to 280
|
15,000 to 20,000
|
|
Rest of Gurgaon
|
60 to 100
|
8,000 to 14,000
|
|
Noida
|
130 to 220
|
14,000 to 25,000
|
|
Ghaziabad
|
90 to 150
|
10,500 to 16,000
|
Delhi office market
..!
Delhi office market
saw improved demand in December, with increase in pre to commitment of spaces.
Vacancy levels increased as companies consolidated their operations in larger
spaces and vacated their existing spaces. FLSmidth leasing space in National
Highway 8 (NH 8), Salt renting space in Golf Course Road and Samsung taking space
in Noida City were some of the key transactions committed during December.
Veritas Corporate Suites commenced operations during December in Gurgaon with
moderate occupancy. Rents and capital values remained stable across all
submarkets.
|
Office
|
Rents
|
Capital Value
|
|
Key Areas
|
Rs. per sq ft per month
|
Rs. per sq ft
|
|
Barakhamba Road
|
170 to 400
|
26,000 to 33,000
|
|
Jasola
|
110 to 170
|
16,000 to 21,000
|
|
DLF Cybercity
|
67 to 72
|
NA
|
|
MG Road
|
114 to 130
|
16,000 to 18,500
|
|
Golf Course Road
|
85 to 95
|
12,000 to 15,000
|
|
Sohna Road
|
45 to 55
|
6,500 to 8,000
|
INFRASTRUCTURE ONGOING..!
Several builders were
granted permission by the Mining Department to dig soil along Noida Extension.
The Mining Department made some good recovery with the permission.
In addition to three
toll plazas on the Delhi to Gurgaon Expressway, ‘touch to and to go’ smart
cards have now been made available at another sale point near Ambience Mall. So
far, Delhi to Gurgaon Super Connectivity Ltd (DGSCL) had already distributed
around 3,500 cards to commuters.
About Jones Lang LaSalle India (JLL India)
Jones Lang LaSalle is
India’s premier and largest professional services firm specializing in real
estate. With an extensive geographic footprint across eleven cities (Ahmedabad,
Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh
and Coimbatore) and a staff strength of over 5400, 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.
For further
information, please visit www.joneslanglasalle.co.in
For more information
about research
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
+91 40 4040 9100
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