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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: 24-Oct-2009
Market Overview
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* 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 70.00 INR 8,392.00 $ 15.65 $ 18.26 $ 182.43 N/A 10.5%
Class A (Prime) INR 60.00 INR 75.00 INR 8,392.00 $ 15.65 $ 19.57 $ 182.43 N/A 10.0%
Class B (Secondary) INR 35.00 INR 50.00 INR 5,164.00 $ 9.13 $ 13.04 $ 112.26 N/A 11.0%
 
Suburban Office
New Construction (AAA) INR 25.00 INR 45.00 INR 3,873.00 $ 6.52 $ 11.74 $ 84.20 N/A 10.5%
Class A (Prime) INR 25.00 INR 45.00 INR 3,873.00 $ 6.52 $ 11.74 $ 84.20 N/A 10.0%
Class B (Secondary) INR 20.00 INR 35.00 INR 3,228.00 $ 5.22 $ 9.13 $ 70.17 N/A 10.5%
 
Industrial
Bulk Warehouse INR 12.00 INR 20.00 N/A $ 3.13 $ 5.22 N/A N/A 11.0%
Manufacturing INR 17.00 INR 22.00 N/A $ 4.43 $ 5.74 N/A N/A 11.0%
High Tech / R&D INR 18.00 INR 25.00 N/A $ 4.70 $ 6.52 N/A N/A 11.0%
 
Retail
Downtown INR 100.00 INR 150.00 N/A $ 26.09 $ 39.13 N/A N/A 10.5%
Neigborhood Service Centers INR 50.00 INR 80.00 N/A $ 13.04 $ 20.87 N/A N/A N/A
Community Power Center N/A N/A N/A N/A N/A N/A N/A N/A
Regional Malls INR 35.00 INR 60.00 N/A $ 9.13 $ 15.65 N/A N/A 11.0%

Development Land Low/Acre High/Acre Low/Acre High/Acre
Office in CBD INR 4,000.00 INR 6,000.00 $ 86.96 $ 130.43
Land in Office Parks N/A N/A N/A N/A
Land in Industrial Parks INR 3,200,000.00 INR 10,000,000.00 $ 69,565.22 $ 217,391.30
Office/Industrial Land - Non-park N/A N/A N/A N/A
Retail/Commercial Land INR 540,000,000.00 INR 720,000,000.00 $ 11,739,130.43 $ 15,652,173.91
Residential INR 270,000,000.00 INR 600,000,000.00 $ 5,869,565.22 $ 13,043,478.26

Conversion 46INR = 1 US$


 

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