JLL India Monthly Real Estate Monitor - December 2013 - Chennai City Retail Market..

Chennai Real Estate Retail Market

Chennai city continued to see buoyant retail activity in both malls &  on high streets during November.

During the November (2013) month, Arvind Store opened its new showroom on T.T.K Road and Bounce and Oryza opened outlets on ECR.

In addition, fine dining restaurants Anjappar and Sigree opened in Adyar. The Chennai city’s retail rents recorded marginal growth during the month.

Retail	Rents (High Streets)	Capital Values
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 to toll OMR	80 to 100	8,000 to 11,000
Anna Nagar	120 to 150	11,000 to 13,000
LB Road (Adyar)	120 to 150	10,500 to 13,500

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