JLL India Monthly Real Estate Monitor - December 2013 - Chennai City Office Market


Chennai Real Estate Office Market..

The Chennai office market saw a steady improvement in demand. In November,  2013 major transactions included Access Health &  Virtusa both taking up space on Mount to Poonamallee Road, as well as Amazon expanding in pre to toll OMR. Meanwhile, CRISIL relocated from T. Nagar and consolidated its operations in MRC Nagar.

In addition, Sodexo, the Korean Consulate and ICICI Bank took space in different CBD locations.
Rents continued to grow along the pre to toll OMR locations, while remaining restricted in other locations. 



Office
Rents
Capital Values
Key Areas
 RS. per sq ft per month
 RS. per sq ft
Mount Road
60 to 85
9,000 to 15,000
RK Salai
65 to 85
10,000 to 15,000
Pre to toll OMR
40 to 67
5,000 to 6,500
Post to toll OMR
25 to 35
3,500 to 5,000
Guindy
40 to 65
6,000 to 9,000
Ambattur
20 to 29
3,250 to 4,300

For further information, please visit
 www.joneslanglasalle.co.in

For more information about research
Ashutosh Limaye
Head, Research and REIS
ashutosh.limaye@ap.jll.com
+91 98211 07054

Trivita Roy
Assistant Vice President, Research trivita.roy@ap.jll.com
+91 40 4040 9100


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