Monthly Real Estate Monitor Hyderabad March 2013

By JLL India

Residential.!

In February, residential sales continued to remain upbeat in Hyderabad. There were no major launches after the launches of Brigade At 7 at Banjara Hills and Safeway Symphony Park Homes on Radial Road near Bharat Heavy Electricals Ltd (BHEL) by Safeway Infra.

Residential	Rents	Capital Value
Key Areas	RS. per month for a 1,000 sq ft 2BHK apartment	RS. per sq ft
Banjara Hills	17,000 to 22,000	7,500 to 12,000
Begumpet	12,000 to 16,000	4,000 to 5,500
Kondapur	12,000 to 16,000	3,200 to 5,000
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	2,400 to 3,500

Rents and capital values increased across all submarkets as newly launched residential projects got sold at a price higher than the market average price over the month.

Office..!

In February, leasing volumes remained slightly low and vacancy decreased across all submarkets.

The key transactions in January were: SmartPlay leasing space in KRC Mindspace Building 9, Process Maps renting space in Soft Sol and Indosoft taking space in Cyber Towers, all located in Hitec City submarket. Meanwhile, Honda and Coromandel Infotech leased space at Banjara Hills and TriCore Solutions secured space at Q City, Nanakramguda.

Office	Rents	Capital Value
Key Areas	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

There were no new completions over the month. Rents and capital values remained stable.

Retail..!

Retailers continued to prefer high streets as there was restricted supply of malls in February. The key transactions over the month included Di Bella Coffee India (an Australian coffee company) leasing space on Road 2 Banjara Hills and Road 36 Jubilee Hills and Yes Mart renting space on Road 36 Jubilee Hills and Attapur. Meanwhile, People, Van Heusen and Arvind Store took space at Dr AS Rao Nagar.

Retail	Rents	Capital Value
Key Areas	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

Vacancy in malls remained stable whilst high streets continued to see fast absorption. Rents and capital values remained stable over the month.

INFRASTRUCTURE ONGOING

** New Lakdi ka Pul Bridge which connects Lakdi Ka Pul Junction and Masab tank and passes over the railway line leading to Lakdi Ka Pul MMTS Station was opened for traffic in February, 2013.

**  Hyderabad Metro Rail project is moving at a fast pace as a new pier was raised amidst the peak traffic stretch of Rasoolpura and Begumpet in this Feb. month

For more information about JLL 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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