Market Report -- Chennai, India

Market Research

Properties

Chennai, India

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Hemdev's International Realty Services
Last Updated: 25-Oct-2010

* Click on each category for a detailed definition.

	RENT/SF/Month			RENT/SF/Year
	Low	High	Effective Avg.	Low	High	Effective Avg.	Vacancy	Investment Yield
Downtown Office
New Construction (AAA)	INR 60.00	INR 75.00	N/A	$ 16.27	$ 20.34	N/A	N/A	9.0%
Class A (Prime)	INR 50.00	INR 65.00	N/A	$ 13.56	$ 17.63	N/A	N/A	9.5%
Class B (Secondary)	INR 35.00	INR 50.00	N/A	$ 9.49	$ 13.56	N/A	N/A	10.0%

Suburban Office
New Construction (AAA)	INR 25.00	INR 45.00	N/A	$ 6.78	$ 12.20	N/A	N/A	10.0%
Class A (Prime)	INR 25.00	INR 45.00	N/A	$ 6.78	$ 12.20	N/A	N/A	10.0%
Class B (Secondary)	INR 20.00	INR 35.00	N/A	$ 5.42	$ 9.49	N/A	N/A	10.5%

Industrial
Bulk Warehouse	INR 14.00	INR 22.00	N/A	$ 3.80	$ 5.97	N/A	N/A	10.5%
Manufacturing	INR 17.00	INR 24.00	N/A	$ 4.61	$ 6.51	N/A	N/A	11.0%
High Tech / R&D	INR 19.00	INR 27.00	N/A	$ 5.15	$ 7.32	N/A	N/A	10.5%

Retail
Downtown	INR 100.00	INR 175.00	N/A	$ 27.12	$ 47.46	N/A	N/A	10.5%
Neigborhood Service Centers	INR 50.00	INR 90.00	N/A	$ 13.56	$ 24.41	N/A	N/A	10.5%
Community Power Center	N/A	N/A	N/A	N/A	N/A	N/A	N/A	10.0%
Regional Malls	INR 35.00	INR 70.00	N/A	$ 9.49	$ 18.98	N/A	N/A	11.0%

Development Land	Low/Acre	High/Acre	Low/Acre	High/Acre
Office in CBD	INR 4,000.00	INR 7,000.00	$ 90.40	$ 158.19
Land in Office Parks	N/A	N/A	N/A	N/A
Land in Industrial Parks	INR 3,200,000.00	INR 11,000,000.00	$ 72,316.38	$ 248,587.57
Office/Industrial Land - Non-park	N/A	N/A	N/A	N/A
Retail/Commercial Land	INR 540,000,000.00	INR 800,000,000.00	$ 12,203,389.83	$ 18,079,096.05
Residential	INR 270,000,000.00	INR 7,000,000,000.00	$ 6,101,694.92	$ 158,192,090.40

Conversion 44.25INR = 1 US$

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