Delhi NCR Real Estate Monitor July 2014

By JLL India

OFFICE..

Demand continued to show strong momentum with more space enquiries coming in to the market.

While relocation & consolidation continued, some expansion demand was also visible.

Major transactions:

Concentrix in NH 8 Cybercity

Pinelabs & Adobe in Noida Expressway- Noida

Key Precincts	Rental Value (INR per sq ft per month)	Capital Value (INR per sq ft)
Barakhamba Road	170-400	28,000-35,000
Jasola	110-170	17,000-21,000
DLF Cybercity	83-88	NA
MG Road	115-140	17,000-19,000
Golf Course Road	90-110	12,500-15,000

RETAIL...
Demand remained slow with some activity seen in under construction malls.

While retailers are ready to reduce store size as well, alternately, they are preferring high streets too.

Major transactions..

Foodhall, Nine West & Armani Junior in Prime South

CnM & Lifestyle in Prime Others

Pizza Express in Gurgaon

Key Precincts	Rental Value (INR per sq ft per month)	Capital Value (INR per sq ft)
South Delhi	180-330	24,000-32,000
West and North Delhi	140-230	15,000-23,000
Gurgaon-MG Road	140-270	17,500-23,000
Rest of Gurgaon	60-100	8,000-14,000
Noida	130-220	14,000-25,000
Ghaziabad	90-150	10,500-16,000

RESIDENTIAL..

 Residential sales continued to show a slowing trend in June, 2014.

New Launches:

One Indiabulls & Monsson Breeze Phase-II in Gurgaon                                                                                                                                                                     Bulland Calisto & Marvella at Mywoods in Noida

Arocon Golf Ville & Raj Garden City in Ghaziabad

Emerald Heights in Faridabad

Infrastructure..

Metro route from Central Secretariat to Mandi House has become operational now

3.9-km Botanical Garden (Noida)-Kalindi Kunj (Delhi) Metro corridor was cleared by UP government

Noida gets INR 60 billion for infrastructure upgrade in this financial year 

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