Hyderabad Monthly Real Estate Monitor May 2017

Hyderabad Monthly Real Estate Monitor May 2017

From JLL India

DATA ANALYSIS FOR THE MONTH OF APRIL 2017

RESIDENTIAL

The residential market witnessed average demand from buyers as the requirement is not matching with the supply.

New Launches

Serenity Park at Kokapet

Key Precincts	Rent (INR per month for a 1,000 sq ft 2BHK apartment)	Capital Value(INR per sq ft)
Banjara Hills	25,000-35,000	7,000-15,000
Begumpet	17,500-25,000	4,500-5,500
Kondapur	11,000-20,000	3,800-5,000
Gachibowli	11,000-20,000	3,500-4,800
Tellapur	7,000-12,500	3,000-3,800
Kukatpally	15,000-20,000	4,000-5,000

Policy/Infrastructure

Hyderabad Metro Rail Limited (HMRL): 72-km long elevated metro stretch across three corridors, 66 km across three stretches is expected to be completed by next year. The remaining 6-km stretch in the old city segment is likely to prolong as it is struck on alignment issues.

Office

Hyderabad market remained healthy with several enquiries. Demand for quality spaces continued to drive vacancy levels lower.

Major transaction:

Tech Sophyat Kondapur

Key Precincts	Rent (INR per sq ft per month)	Capital Value(INR per sq ft)
Begumpet	45-52	5,500-6,500
Banjara Hills	45-55	7,000-8,000
Hitec City	48-60	6,000-7,000
Gachibowli	45-55	5,500-6,000
Uppal	30-35	4,500-5,500

Retail

Retail market remained dull this month. We expect some traction in the coming months on back of good supply

Key Precincts	Rent (INR per sq ft per month)	Capital Value(INR per sq ft)
Banjara Hills-Jubilee Hills	140-160	13,500-16,000
Secunderabad	120-130	12,000-13,000
Hitec City	120-140	12,000-14,000
Kukatpally	100-115	10,000-11,500
Himayatnagar	150-170	15,000-17,000

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