By
JLL India
OFFICE
Office absorption improves with healthy demand for
projects located in pre-toll OMR, Guindy and CBD sub-markets.
Major transactions:
Qualcomm and GoDB in Pre-toll OMR
|
Key Precincts
|
Rental Value (INR per sq ft per month)
|
Capital Value (INR per sq ft)
|
|
Mount Road
|
60-85
|
9,000-15,000
|
|
RK Salai
|
65-85
|
10,000-15,000
|
|
Pre-toll OMR
|
40-67
|
5,000-6,500
|
|
Post-toll OMR
|
25-35
|
3,500-5,000
|
|
Guindy
|
45-65
|
6,500-9,000
|
RETAIL
High streets continued to see healthy absorption,
while limited leasing activity was noticed in the malls. Major transactions:
Brown Tree leased space in T Nagar
Levi's in GST Road
Starbucks in the Market city mall
|
Key Precincts
|
Rental Value (INR per sq ft per month)
|
Capital Value (INR per sq ft)
|
|
T.Nagar
|
120 - 180
|
12,000-15,000
|
|
Nungambakkam
|
130 - 150
|
13,000-16,000
|
|
Velachery
|
80 - 120
|
10,000-12,000
|
|
Pre-toll OMR
|
80 - 100
|
8,000-11,000
|
|
Anna Nagar
|
120 - 150
|
11,000-13,000
|
|
LB Road (Adyar)
|
100 - 140
|
10,500-13,500
|
RESIDENTIAL..
Residential sales was muted and new supply in the
market also declined during the month.
New Launches
Bollineni Hillside Phase II at Sholinganallur
Color homes Kanchi Pattinam near Sunguvarchathiram
KRM Enclave at Kolathur
|
Key Precincts
|
Rental Value (INR per month for a 1,000 sq ft 2BHK apartment)
|
Capital Value (INR per sq ft)
|
|
Adyar
|
20,000 – 30,000
|
15,000-22,000
|
|
Medavakkam
|
7,000-14,000
|
3,750-5,500
|
|
Tambaram
|
6,000-12,000
|
3,500-4,500
|
|
Anna Nagar
|
15,000 – 25,000
|
9,000-15,000
|
|
Porur
|
5,000-10,000
|
4,000-6,200
|
|
Sholinganallur
|
9,000-12,000
|
4,250-5,800
|
Policy/ Infra.
CMDA forms an expert committee including IIT -
Madras and Anna University to look into various factors including soil testing
for residential buildings.
CMDA has also began inspecting all the high rise
buildings that are under construction in Chennai to prevent collapse of the
high rises in future.
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