Monthly Real Estate Monitor - November 2013 Chennai Office

By JLL India        

Demand for office space in Chennai improved during October, 2013. Some of the major transactions in the month were Lapiz Digital and E to con Systems, both leasing space in Guindy, and E to care India renting space in the CBD.

In addition, Quscient Technologies purchased office space in Pre to toll OMR. The trend of businesses economising on space has supported the growth of business centres in the Chennai city with Executive Centre taking up office space in Guindy, and Vatika Business centre leasing space in the CBD.

Rents remained stable across all sub to markets during the month.

Office	Rents	Capital Value
Key Areas	RS. per sq. ft per month	RS. per sq. ft
Mount Road	60 to 85	9,000 to 15,000
R.K Salai	65 to 85	10,000 to 15,000
Pre to toll OMR	40 to 65	5,000 to 6,500
Post to toll OMR	25 to 35	3,500 to 5,000
Guindy	40 to 60	6,000 to 9,000
Ambattur	20 to 32	3,250 to 4,300

For more information about JLL India research

Mr. Ashutosh Limaye

Head, Research and REIS

ashutosh.limaye@ap.jll.com

+91 98211 07054

Mr. Trivita Roy

Assistant Vice President, Research

trivita.roy@ap.jll.com

+91 40 4040 9100

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