By JLL India
Pune residential market..!
The Pune residential market witnessed stable demand during
December, 2012.
The major residential projects launched in the month included
Montvert’s Vesta Valley Town, SKYi Developers’ Songbirds in Pirangut and Dreams
Group’s Dreams Avani in Manjri.
The new launches in December marginally increased the capital
value in selected sub-markets.
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Residential
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Rents
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Capital Value
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Key
Precincts
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INR
per month for a 1,000 sq ft two-BHK apartment
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INR
per sq ft
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Wakad
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10,000
to 12,000
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3,800
to 4,800
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Kharadi
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11,000
to 15,000
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4,500
to 5,300
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Hadapsar
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12,000
to 16,000
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4,500
to 5,500
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Hinjewadi
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9,000
to 11,000
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3,500
to 4,300
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Kondhwa
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9,000
to 12,000
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3,500
to 4,500
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Pimpri-Chinchwad
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8,000
to 12,000
|
3,500
to 4,200
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Pune Retail Market..!
With only a few major transactions concluded in December, 2012
Pune retail activity in the malls remained subdued.
The key transactions in December included Karnik and Malabar
Gold leasing space in Market City in Viman Nagar. Season’s Mall in Hadapsar
would be ready in the market in the next
3 to 5 months. Rents and capital values remained stable over the month.
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Retail
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Rents
(High Streets)
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Capital Value
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Key
Precincts
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INR
per sq ft per month
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INR
per sq ft
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MG
Road
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100
to 150
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10,000
to 15,000
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Bund
Garden Road
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90
to 130
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9,000
to 13,000
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F.C.
Road
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100
to 150
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10,000
to 15,000
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J.M.
Road
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100
to 150
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10,000
to 15,000
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D.P.
Road
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90
to 130
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9,000
to 11,000
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S.B.
Road
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80
to 130
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8,000
to 11,000
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Office Market in Pune.!
The office market in Pune witnessed an increase in leasing
activity in December, 2012 decreasing the vacancy levels marginally.
The key transactions during the month included Affinity Express
leasing space in Eon special economic zone (SEZ) in Kharadi, Augnum
Technologies renting space in Pentagon Tower at Hadapsar and Sales Build taking
space in Commerzone at Yerwada.
SBD was the main destination for leasing activities during
December. The month also saw a number of pre-commitments. Rents and capital
values remained stable.
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Office
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Rents
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Capital Value
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Key
Precincts
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INR
per sq ft per month
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INR
per sq ft
|
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Hinjewadi
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32
to 40
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4,000
to 5,000
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Hadapsar
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40
to 50
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5,000
to 6,000
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Bund
Garden Road
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60
to 70
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6,500
to 7,500
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Viman
Nagar
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50
to 60
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6,000
to 7,000
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S.B.
Road
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55
to 75
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6,500
to 7,500
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Koregaon
Park
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60
to 70
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6,500
to 7,500
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INFRASTRUCTURE ONGOING ..!
The Maharashtra government approved a metro rail
project in Pune. A special purpose vehicle, the Pune Metro Rail Corporation
(PMRC) had been set up, and the Pune Municipal Corporation (PMC) will be the
nodal agency.
The entire project will be developed in phases and
is anticipated to be completed within five (5) years.
For more information about JLL India 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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