Monthly Real Estate Monitor Hyderabad February 2013

by JLL India

Residential Market..!

New launches and improved sales continued in month of January, 2013 in Hyderabad. The key launches in the month were Brigade At No. 7 in Banjara Hills and Safeway Symphony Park Homes on Radial Road, near BHEL by Safeway Infra. Over the month, rents remained stable, whilst capital values continued to increase marginally as new residential projects got launched at a price higher than the market average price.

Residential	Rents	Capital Value
Key Precincts	Rs. per month for a 1,000 sq. ft 2BHK flat	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 4,500
Tellapur	8,000 to 12,000	2,800 to 3,500
Kukatpally	7,000 to 10,000	3,500 to 3,800
Miyapur	5,000 to 6,000	2,200 to 3,500

Office Market..!

After witnessing strong leasing activity in December 2012, office space demand continued to remain stable in January, 2013.

The key transactions in January 2013 were:

RayBiz and Advent Global leasing space in Kavuri Hills; Daewoong Pharmaceutical taking up space in Kukatpally; Regal Solutions Pvt Ltd securing space in Millennium Square in Gachibowli; and Teradata renting space in The V IT Park in Hitec City. There were no new completions over the month.

Rents and capital values remained stable over the January 2013 month.

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

Retail Market…!

High streets continued to remain as the preferred locations for the expansion for retailers, as the availability of mall space remained restricted in January, 2013.

Taruni and Splash leased space on Jubilee Hills, Road No 36, whilst Adishwar secured space in Somajiguda. Reliance Digital rented space in Attapur. Vacancy in malls remained stable, whilst high streets continued to see fast absorption. Rents and capital values remained stable over the month.

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
Dilsuknagar	100 to 120	10,000 to 12,000

INFRASTRUCTURE ONGOING..!

The Hyderabad Metropolitan Development Authority (HMDA) has decided to develop a 288 km Regional Ring Road (RRR), concentric, but outside the Outer Ring Road (ORR), with a width of 90 m (about 300 feet).

This project is included in the master plan for Hyderabad Metropolitan Region 2031.

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

Research Dynamics 2013

Pulse reports from Jones Lang LaSalle.

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