Residential...!
Developers
reduced the number of units launched during May, 2013. Prominent launches during the May - 2013 month
include Avalon Springs by Jain Housing at Potheri on GST Road & Temple Town
by VGN at Thiruverkadu.
|
Residential
|
Rents
|
Capital Value
|
|
Key Areas
|
Rs. per month for a 1,000
sq.ft 2 BHK Flat
|
Rs. per square
feet
|
|
Adyar
|
20,000 to 30,000
|
11,000 to 17,000
|
|
Medavakkam
|
7,000 to 14,000
|
3,600 to 5,250
|
|
Tambaram
|
6,000 to 12,000
|
3,500 to 4,500
|
|
Anna Nagar
|
15,000 to 25,000
|
9,000 to 14,000
|
|
Porur
|
5,000 to 10,000
|
3,800 to 6,200
|
|
Sholinganallur
|
9,000 to 12,000
|
4,250 to 5,800
|
Slow
absorption helped the residential capital values to remain stable, while rents
continued to witness marginal rise on the back of increasing housing demand.
INFRASTRUCTURE ONGOING..!
Major improvements did not happen with respect to
the monorail project and the new Greenfield airport in the last few months.
Recently, civil aviation ministry has been in touch
with the Tamilnadu state government officials to execute the project. Similarly,
TN government officials concerning the monorail project had brainstorming
sessions during the month to implement this project.
About Jones Lang LaSalle..!
Jones Lang LaSalle (JLL) is a professional services and investment
management firm offering specialized real estate services to clients seeking
increased value by owning, occupying and investing in real estate. With annual
revenue of $3.9 billion, JLL operates in 70 countries from above 1,000
locations worldwide. On behalf of its clients, the firm provides management and
real estate outsourcing services to a property portfolio of 260 crore square
feet and completed $ 6,300 crore in sales, acquisitions and finance
transactions in 2012. Its investment management business, LaSalle Investment
Management, has $ 4,770 crore of real estate assets under management.
JLL has over
50 years of experience in Asia Pacific, with above 25,400 employees operating
in 78 offices in 14 countries across the region. The firm was named ‘Best
Property Consultancy’ in nine Asia Pacific countries at the International
Property Awards Asia Pacific 2012, in association with HSBC, and was named the
number one real estate advisory firm in Asia Pacific in the Euromoney Real
Estate Awards 2012. For further information, please visit website, www.ap.joneslanglasalle.com
About JLL India..!
JLL is
India’s premier & 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 & Coimbatore) and a
staff strength of above 5,800, the firm
provides investors, developers, local corporates & multinational companies with a comprehensive
range of services including research, analytics, consultancy, transactions,
project & 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 JLL India research
Mr. Ashutosh Limaye
Head, Research and REIS Email:
ashutosh.limaye@ap.jll.com
+91 98211 07054
Mr. Trivita Roy
Assistant Vice President, Research
trivita.roy@ap.jll.com
+91 40 4040 9100
Research Dynamics 2013
Pulse reports from Jones Lang LaSalle are frequent updates on real
estate market dynamics.
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