Rental Insight Q3 2016 India | Office Nov 18, 2016
Pune Average Rental Trend for Grade A Properties
Grade A Rental Values Micro Markets
INR
$US
Percentage Change
Per sq ft/Month
INR per sq ft per month
Q-o-Q
Y-o-Y
100
0%
7%
90
Forecast
Baner
50 - 60
0.8 - 0.9
Bund Garden Airport Rd/Pune Station Aundh
53 - 67
0.8 - 1.0
0%
4%
80
56 - 87
0.8 - 1.3
0%
6%
70
50 - 64
0.8 - 1.0
0%
9%
60
Senapati Bapat Rd
65 - 110
1.0 - 1.7
0%
17%
50
Bavdhan
39 - 50
0.6 - 0.8
0%
11%
40
Kalyani Nagar
52 - 65
0.8 - 1.0
0%
9%
30
Nagar Road
52 - 65
0.8 - 1.0
0%
11%
20
Hinjewadi
42 - 55
0.6 - 0.8
0%
10%
10
Hadapsar/Fursungi
55 - 72
0.8 - 1.1
0%
21%
0
Kharadi
48 - 90
0.7 - 1.4
0%
20%
2009 2010 2011 2012 2013 2014 2015 2016F 2017F 2018F 2019F Note: Above graph represent rental trends of Grade A IT-ITeS buildings only
Note: 1 US$= INR 66.6 (US Dollar rate as on 30/9/2016) Above table represents rental range of Grade A non IT-ITeS building only
Supply, Absorption & Vacancy Trends 6.0
Market Transactions Client
Area (sq ft)
Building Name
Location
Transaction Type
25%
Forecast
5.5 5.0
20%
4.5
ZS Associates Amdocs
World Trade Centre – C Magarpatta Tower 3
240,000
Kharadi
Lease
4.0 15%
3.5 3.0
88,000
Hadapsar
Lease
2.5
10%
2.0
L&T
Blue Ridge Tower- 8
69,000
Hinjewadi1
Lease
Nitor Infotech
Embassy Congo
50,000
Hinjewadi2
Lease
1.5 5%
1.0 0.5 0.0
0% 2010 2011 2012 2013 2014 2015 2016F 2017F 2018F 2019F
Schlumberg er
Commerzone B4
43,000
Yerwada
Note: Above table represents indicative transactions concluded during Q3 2016
Absorption (In Mn sqft) Vacancy (In %)
Lease
New Supply (In Mn sqft)
Note: Above graph represents Grade A IT-ITeS and non IT-ITeS properties
For research related information contact
For Office Services contact
Surabhi Arora Senior Associate Director | Research Surabhi.arora@colliers.com
George McKay South Asia Director | Office & Integrated Services George.mckay@colliers.com
Tel – 0124-4567580
5th Floor, Suyog Platinum, Naylor Road, Off Mangaldas Road Pune 411 001 | Maharashtra | India
Rishav Vij Sr. Associate Director | Office Services rishav.vij@colliers.com
Copyright © 2016 Colliers International. The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.