Retail
The high streets of Chennai continued to witness
healthy leasing activity with electronics showrooms such as Poorvika and
Samsung, as well as several quick serving resturant brands that opened in June,
2013.
The
Chennai city also witnessed the opening
of Spencer’s hypermarket in Velachery.
|
Retail
|
Rents
(High Streets)
|
Capital Value
|
|
Key Areas
|
Rs. per sq. ft per month
|
Rs. per sq. ft
|
|
T. Nagar
|
120 to 180
|
12,000 to 15,000
|
|
Nungambakkam
|
130 to 150
|
13,000 to 16,000
|
|
Velachery
|
80 to 120
|
10,000 to 12,000
|
|
Pre-toll OMR
|
50 to 70
|
8,000 to 11,000
|
|
Anna Nagar
|
110 to 140
|
11,000 to 13,000
|
|
LB Road (Adyar)
|
110 to 130
|
10,500 to 13,500
|
With the new malls operating with nearly full
occupancy, retailers are chasing potential properties in the high street
locations such as T. Nagar, Adyar and Velachery, supporting the rental growth
in the high streets.
For more information about our research
Ashutosh Limaye
Head, Research and REIS
+91 98211 07054
Trivita Roy
Assistant Vice President, Research
+91 40 4040 9100
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