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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.

[India 2016 Nov] Office Rental Insight Pune Report  
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