OFFICE..!
Transaction
activities improved in the city with increased traction in PBDs.
In addition,
many queries for office space take up continued to remain active in the city.
Major
transactions:
Reliance Jio at
Salt Lake
Samsung at Rajarhat
|
Key Precincts
|
Rental Value (INR per sq ft per month)
|
Capital Value (INR per sq ft)
|
|
Park Street
|
110–135
|
13,000–20,000
|
|
Topsia
|
70–90
|
7,500–10,000
|
|
Kasba
|
75–90
|
8,000–11,000
|
|
Salt Lake Sector V
|
40–45
|
4,000–4,800
|
|
New Town and Rajarhat
|
32–36
|
3,200–4,100
|
RETAIL
Transaction
activity remained stable in the city during May.
Upcoming malls at
good locations witnessed positive response from the retailers.
Major
transactions:
Sketchers at
Prime Central
|
Key Precincts
|
Rental Value (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
|
RESIDENTIAL
Residential
demand in the city was stable. New launches in low and mid segment of housing
continued to increase over the month.
New Launches:
Aura by Primarc
and Riya at Mankundu
Prelaunch of
Flora Fountain near Science City
|
Key Precincts
|
Rental Value (INR per sq ft per month)
|
Capital Value (INR per sq ft)
|
|
Park Street
|
110–135
|
13,000–20,000
|
|
Topsia
|
70–90
|
7,500–10,000
|
|
Kasba
|
75–90
|
8,000–11,000
|
|
Salt Lake Sector V
|
40–45
|
4,000–4,800
|
|
New Town and Rajarhat
|
32–36
|
3,200–4,100
|
Policy/ Infrastructure
To take forward Rajarhat New Town as a smart
city,
the Housing Infrastructure Development
Corporation (HIDCO)
is planning to set up the country's first
underground solid waste collection network in the township.
The system, which is called "Underground
Vacuum Systems for Sustainable Waste Handling" has been suggested in the
smart city report for New Town that has been prepared by the National Institute
of Smart Governance (NISG) for New Town.
About JLL India..!
JLL is India’s premier and 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 and Coimbatore) and a staff strength of over 6800, the firm
provides investors, developers, local corporates and multinational companies
with a comprehensive range of services including research, analytics,
consultancy, transactions, project and 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 research, contact
Ashutosh
Limaye
Head,
Research and REIS +91 98211 07054
Sujash Bera
Assistant
Manager,
Research +91 033 3343 6125
sujash.bera@ap.jll.com
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