Monthly Real Estate Monitor Pune June 2015

by JLL India

OFFICE

The demand for office space remained stable.

 Transaction activity recorded moderate pre-commitments and healthy movement among

the ready to occupy office spaces,

 primarily due to the consolidation and expansion by the existing occupiers.

Major transactions:

Bloomberg and Metro, both in SBD

Key Precincts	Rental Value (INR per sq ft per month)	Capital Value (INR per sq ft)
MG Road	100–160	15,000–21,000
Bund Garden Road	90–130	13,000–17,000
FC Road	100–150	15,000–20,000
JM Road	100–150	15,000–20,000
DP Road	90–130	12,000–16,000
SB Road	80–140	13,000-16,000

RETAIL

In the month of May, the demand for Pune residential market improved primarily on the back of attractive pre-launch offers by select developers.

Also, launches by prominent developers witnessed good demand.

New Launches:

A new tower inside Godrej Prana in South East submarket

Rama Melange Residences in Hinjewadi

Key Precincts	Rental Value (INR per sq ft per month)	Capital Value (INR per sq ft)
MG Road	100–160	15,000–21,000
Bund Garden Road	90–130	13,000–17,000
FC Road	100–150	15,000–20,000
JM Road	100–150	15,000–20,000
DP Road	90–130	12,000–16,000
SB Road	80–140	13,000-16,000

RESIDENTIAL

In the month of May, the demand for Pune residential market improved primarily

 on the back of attractive pre-launch offers by select developers.

Also, launches by prominent developers witnessed good demand.

New Launches:

A new tower inside Godrej Prana in South East submarket

Rama Melange Residences in Hinjewadi

‘

Key Precincts	Rental Value (INR per month for a 1,000 sq ft 2BHK apartment)	Capital Value (INR per sq ft)
Wakad	10,000–13,000	5,000–6,500
Hinjewadi	9,000–11,000	4,800–6,500
Kharadi	11,000–15,000	5,000–7,200
Hadapsar	13,000–18,000	5,500–7,500
Undri	8,000–12,000	4,000–5,500
Pimri-Chinchwad	8,000–15,000	4,500–6,000

Policy/ Infrastructure..!

There were no infrastructure update for May, 2015.

About JLL India..!

JLL is India’s premier and largest professional services firm specializing in real estate. With an extensive geographic footprint across 11 cities (Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore) and a staff strength of over 6800, the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including research, analytics, consultancy, transactions, project and development services, integrated facility management, property and asset management, sustainability, industrial, capital markets, residential, hotels, health care, senior living, education and retail advisory.

The firm was named the Best Property Consultancy in India (5 Star Winner) at the International Property Awards – Asia Pacific for 2012-13. For further information, please visit www.joneslanglasalle.co.in

For more information about research, contact

Ashutosh Limaye

Head, Research and REIS +91 98211 07054

ashutosh.limaye@ap.jll.com

 Sujash Bera

Assistant Manager,

 Research +91 033 3343 6125

 sujash.bera@ap.jll.com

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