Knight Frank India
today launched the second edition of its flagship half yearly report - India Real Estate Outlook. It presents
a comprehensive analysis of the residential and office market performance of
Chennai for the period between July–December 2014.
Residential
takeaways:-
·
Chennai
residential market on the slow track;
Absorption drops 14%
·
Moulivakkam
building crash makes further dents; City launches drop by 25% in 2014
·
RBI’s policy rate cut infuses hope among city homebuyers;
are better days expected?
Office
Takeaways:-
·
City
office market on a healthy diet; posts a 7% rise in absorption in 2014
·
Chennai
Realtors bet big as vacancy levels see a significant drop
·
Chennai
maintains a steady run rate; will it continue the hold over absorption?
 |
| Kanchana Krishnan, Director- Chennai, Knight Frank India |
Speaking
about the findings, Ms. Kanchana Krishnan, Director- Chennai, Knight Frank India said “Chennai
residential market witnessed significant fall in sales and new launches during
H2 2014. However, the rate cut by the RBI has sent positive sentiment to
the market and we expect uptick in
sales volume during H1 2015.”
“Continued
fall in vacancy levels in the office real estate bolstered by good absorption
levels, competitive rentals and contraction of quality space in the city. Given
the current scenario, rentals are expected to move up and absorption momentum is
expected to continue” she added.
Knight Frank India - Head office
Mumbai
Knight Frank India Pvt. Ltd.
Paville House, Near Twin Towers
Off Veer Savarkar Marg, Prabhadevi
Mumbai - 400 025 India
T: +91 22 67450101
F: +91 22 67450202
Bangalore
Knight Frank India Pvt Ltd 204 205,
2nd Floor Embassy Square 148 Infantry Road
Bangalore - 560 001 India
T: +91 80 4073 260
Chennai
Knight Frank (India) Pvt. Ltd. No.3
Gitex Bldg. 3rd Floor,
Khader Nawaz Khan Road
Nungambakkam
Chennai - 600 006, India
T: +91 0 44 4296 9000
Delhi
Knight Frank (India) Pvt. Ltd
201-202 Tower A
Signature Towers South City 1 Gurgaon - 122 001
India T: +91 1244075030
Hyderabad
Knight Frank (India) Pvt. Ltd.
First Floor Italia Towers
Chiran Fort Club Lane
Rasoolpura, Begumpet - 500 003
India
T: +91 (0) 40 4455 4141
Kolkata
Knight Frank (India) Pvt. Ltd
Shaila Towers 7th Floor, Room No.702
J1/16, EP Block Sector-V, Salt Lake
700 091 India
Mumbai
Knight Frank India Pvt. Ltd.
Paville House, Near Twin Towers
Off Veer Savarkar Marg, Prabhadevi
Mumbai - 400 025
India T: +91 22 67450101
Pune
Knight Frank (India) Pvt. Ltd 701,
Pentagon Towers P4 Magarpatta City Hadapsar
Pune 411013 India
T: +91 20 3018 8500
For futher information please contact:-
Ravi Shankar
MSL Group
Senior Account
Executive
ravishankar.kandarpa@mslgroup.com
Old No 121/2, New No
275, (Near Studio Cell), TTK Road, Alwarpet
Chennai, Tamil Nadu
600018
T: +91 44 4225 1717
Extn 205
M: +91 938 288 7608
Sukanya Chakraborty
Head
– Marketing Communications & PR
Knight
Frank India
+91 9165716557
|
Arjun Choudhury
Manager
– Media Relations
Knight
Frank India
+91
9930542661
|
No comments:
Post a Comment