Kolkata Monthly Real Estate Monitor May 2017

Kolkata Monthly Real Estate Monitor May 2017

DATA ANALYSIS FOR THE MONTH OF APRIL 2017

From JLL India

RESIDENTIAL

The number of enquiries from end users and investors have experienced a visible increase. Demand from end usersboth in the primary and secondary residential market has been steady. The only launch in the residential sector in this quarter is:

Windflower on SodepurRoad

Key Precincts	Rent (INR per month for a 1,000 sq ft 2BHK apartment)	Capital Value(INR per sq ft)
Alipore	-	15,000-23,000
Prince Anwar Shah Road	20,000-35,000	6,000-12,000
EM Bypass (Topsia)	25,000-35,000	6,000-10,000
Lake Town	10,000-16,000	4,000-7,500
New Town (AA-I, II & III)	18,000-30,000	3,500-6,000
Rajarhat	7,000-14,000	2,500-4,500
Behala	7,000-14,000	3,000-5,500

Thefirst‘Wayfinding’signagehasbeenputupatNewTownActionAreaIIIfortheconvenienceofcommuters.Moresuchsignagewhichmentionstreetno.,amapofthespotandanestimatedtimetoreachaparticularspotwillgraduallybesetupinotherpartsofNewTownalongwithSector

 Office

Office sectorcontinued to witness steady demand from end users for medium to small sized spaces. Business centres and co-working spaces have been on constant demand over the last few quarters.

Major transaction in the office sector 

Amazon at ApeejayBusiness Park

Key Precincts	Rent (INR per sq ft per month)	Capital Value(INR per sq ft)
Park Street	90-100	13,000-20,000
Topsia	65-75	9,000-12,000
Kasba	70-75	8,000-11,000
Salt Lake Sector V	32-45	3,500-4,500
New Town and Rajarhat	30-40	3,200-4,100

Retail sector has witnessed healthy demand in the month of April                                 with retail spaces both in malls and high streets being in demand.

Some of the major transactions in this month were:

More at Baroda Road, Naihati

Fashion Big Bazar (Fbb) at Sector V, Salt Lake

Bhajanlal Commercials at Acropolis Mall

Key Precincts	Rent (INR per sq ft per month)	Capital Value(INR per sq ft)
Elgin Road	300-350	24,000-28,000
Park Street (high street)	325-375	25,000-31,000
Prince Anwar Shah Road	150-200	15,000-18,000
Salt Lake	185-225	15,000-20,000
New Town and Rajarhat	60-80	6,500-8,000
Gariahat (high street)	200-250	16,000-22,000

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