Pune Monthly Real Estate Monitor May 2017

Pune Monthly Real Estate Monitor

DATA ANALYSIS FOR THE MONTH OF APRIL 2017

From JLL INDIA

RESIDENTIAL

Demand for the residential properties remained stable over the month. Launches declined marginally as compared to earlier months.

New launches:

Godrej 24 by Godrej properties launched in Hinjewadi.

A new phase in Life Republic township launched .

Key Precincts	Rental Value (INR per month for a 1,000 sq ft 2BHK apartment)	Capital Value(INR per sq ft)
Wakad	14,000–18,000	5,500–7,500
Hinjewadi	9,000–11,000	4,800–6,800
Kharadi	15,000–19,000	6,000–7,500
Hadapsar	16,000–21,000	6,000–8,500
Undri	8,000–13,000	4,000–5,500
Pimri-Chinchwad	12,000–18,000	4,500–6,500

Policy/ Infrastructure

The actual work on the Pune Metro is expected to begin from May, Ramnath Subramaniam, executive officer, strategic planning forMAHA Metro Pune, said at the Pune Metro Samvaad session organised by MAHA Metro. (Source: TOI)

Office space

The demand for office space remained stable during the month. Few large office projects currently at initial stage s of construction are now available for pre-commitment for occupiers.

Major transactions:

KPMG leased in Commer zone, Off Airport Road.

John Deere in Maga patta STPI

Key Precincts	Rental Value (INR per sqft per month)	Capital Value(INR per sq ft)
Hadapsar	55-70	6,500-9,000
Kharadi	55-70	6,500-9,500
Hinjewadi	40-48	5,000–7,000
Viman Nagar	55–75	7,000–11,000
SB Road	70–85	7,000–12,000

Retail

Leasing activity in malls remained stable.  The Pavilion, located  on SB road is  likely to open for business in the  next few months.

Major transaction

Mad Over Donuts leased  on Pimple Saudagar high street

Key Precincts	Rental Value (INR per sqft per month)	Capital Value(INR per sq ft)
MG Road	160-200	22,000–30,000
Bund Garden Road	100-120	20,000-25,000
FC Road	150-200	25,000-30,000
JM Road	150-190	25,000-30,000
DP Road	100-120	18,000–26,000
SB Road	90-110	18,000-25,000

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