Chennai Real Estate Office Market..
The Chennai office market saw a steady improvement
in demand. In November, 2013 major
transactions included Access Health &
Virtusa both taking up space on Mount to Poonamallee Road, as well as
Amazon expanding in pre to toll OMR. Meanwhile, CRISIL relocated from T. Nagar
and consolidated its operations in MRC Nagar.
In addition, Sodexo, the Korean Consulate and ICICI
Bank took space in different CBD locations.
Rents continued to grow along the pre to toll OMR
locations, while remaining restricted in other locations.
|
Office
|
Rents
|
Capital Values
|
|
Key Areas
|
RS. per
sq ft per month
|
RS. per
sq ft
|
|
Mount Road
|
60 to 85
|
9,000 to 15,000
|
|
RK Salai
|
65 to 85
|
10,000 to 15,000
|
|
Pre to toll OMR
|
40 to 67
|
5,000 to 6,500
|
|
Post to toll OMR
|
25 to 35
|
3,500 to 5,000
|
|
Guindy
|
40 to 65
|
6,000 to 9,000
|
|
Ambattur
|
20 to 29
|
3,250 to 4,300
|
For further information, please visit
www.joneslanglasalle.co.in
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
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