Ahmedabad Real Estate May 2015

by JLL India

Office market

Ahmedabad office market continued showing traction during the month.

Select companies from Software and manufacturing industries executed the transactions.

Notable transaction activities helped vacancy levels to come down marginally.

Major transaction

* Oracle at GIFT One

Residential project

There are good numbers of residential project that has been launched in last couple of months.

New Launches:

Maple Tree at Drive in Road

Binori Grandeur at Ambli Road

Binori Mable at Prahladnagar 

Policy/ Infrastructure

 

The 'Financial Assistance to Industrial Park' (FAIP) scheme has been declared recently under the new industrial policy and it promotes JVs with farmers to develop industrial parks ranging from 20 to 100 hectares

Key Precincts	Rental Value (INR per sq ft per month)	Capital Value (INR per sq ft)
Prahlad Nagar	35–50	6,000–7,000
S G Highway	35–50	6,000–7,000
Ashram Road	32–42	5,500–6,500
Navarangpura	32–44	5,500–6,500
Koba	22–35	4,000–5,000

Key Precincts	Rental Value (INR per sq ft per month)	Capital Value (INR per sq ft)
CG Road	100–125	16,000–18,000
SG Highway	80–110	11,000–13,000
Ashram Road	110–130	14,000–16,000
Chandkheda	60–80	9,000–12,000
Koba	50–70	8,000–10,000

Key Precincts	Rental Value (INR per month for a 1,000 sq ft 2BHK apartment)	Capital Value (INR per sq ft)
Naroda	4,000–6,000	2,200–2,500
Gota	5,000–8,000	2,500–2,800
Navrangpura	15,000–20,000	6,000–7,000
SG Highway	10,000–15,000	5,500–7,500
Satellite	12,000–15,000	4,000–6,000
South Bopal	8,000–12,000	3,000–4,000

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