The office rental insight will provide you a quick update on the major trends of Office rentals, vacancy, new supply and market transaction in 2Q 2013.

1. Micro Market INR | US $
(Rentals per sq.ft/month)
% Change
(Q-o-Q) | (Y-o-Y)
CBD 225 - 260 4.0 - 4.7 0% -3%
BKC 225 - 320 4.0 - 5.7 1% 1%
Worli/Prabhdevi 175 - 225 3.1 - 4.0 0% 0%
Kalina 175 - 210 3.1 - 3.8 0% 0%
Lower Parel 140 - 180 2.5 - 3.2 0% -3%
Powai 100 - 120 1.8 - 2.2 0% 0%
Andheri East 90 - 125 1.6 - 2.2 0% 0%
Goregaon / JVLR 80 - 110 1.4 - 2.0 0% 0%
Malad 80 - 90 1.4 - 1.6 0% 0%
Navi Mumbai 55 - 75 1.0 - 1.3 0% 0%
LBS / Thane 50 - 100 0.9 - 1.8 0% 0%
Client Building
Name
Area
(Sq.ft)
Location Transac-
tion Type
Convergys Gcorp 120,000 Thane Lease
ISDI Parsons
One India
Bulls Annexe
210,000 Lower Parel Lease
QAD Techniplex 30,000
Goregaon
West
Lease
Sun Pharma
Corporate
Center
25,000 Andheri East Lease
SBI The Capital 36,000 BKC Lease
Zenith Computers Times Square 27,000 Andheri East Lease
OFFICE RENTAL INSIGHT
GRADE A RENTAL VALUES
AVERAGE RENTAL TREND- GRADE A BUILDINGS
OFFICE SUPPLY, ABSORPTION & VACANCY RATE
For Office Services related queries, please contact: For more information and research related queries, please contact:
Vijay Rajagopalan | Director | Office Services Surabhi Arora | Associate Director | Research
vijay.rajagopalan@colliers.com | 022 - 40504540 surabhi.arora@colliers.com | 0124 - 4567580
DISCLAIMER
This document has been prepared by Colliers International for general information only. Colliers International does not guarantee warrant or represent that the information contained in this
document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms,
conditions and warranties arising out of this document and excludes all liability for loss and damage arising directly or indirectly there-from.
INDIA | MUMBAI | JULY 2013
MARKET TRANSACTIONS
Note: 1 US$= INR 55.72 (Average: 01st April-30th June,2013)
Above graph represents new supply, absorption, and vacancy in
Grade A properties only
Above table represents indicative transactions during 2Q 2013.
Above rental trends indicates Non IT Grade A properties only
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0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
New Supply (In Mln sqft) Absorption (In Mln sqft) Vacancy (In %)
2008 2009 2010 2011 2012 2013F 2014F
0
30
60
90
120
150
180
210
240
2008 2009 2010 2011 2012 2013F 2014F
Average Rental Trends (INR Per Sq Ft Per Month)
Forecast