OFFICE RENTAL INSIGHT

INDIA | CHENNAI | JULY 2013

GRADE A RENTAL VALUES
Micro Market
CBD Guindy (SBD) GST road OMR (IT Corridor) Ambattur

INR | US $ (Rental per sq.ft/month)

65 - 85 50 - 60 35 - 40 25 - 40 25 - 30 1.2 - 1.5 0.9 - 1.1 0.6 - 0.7 0.4 - 0.7 0.4 - 0.5

% Change (Q-o-Q) | (Y-o-Y)

0% 0% 0% 0% 0% 0% 4% 0% 0% 0%

AVERAGE RENTAL TREND- GRADE A BUILDING

60 50 40 30 20 10 0 2008 2009 2010 2011 2012 2013F 2014F Average Rental Trends (INR Per Sq Ft Per Month) Forecast

Note: 1 US$= INR 55.72 (Average: 1st April-30th June, 2013)

Above rental trends indicates Non IT Grade A properties only

MARKET TRANSACTIONS
Client Bosch Frost and Sullivan IBM Daksh Maersk Preethi Samsung Building Name Sunnyside ASV Hansa Prince Infocity II Prince Infocity I Futura ASV Titanium Area (Sq.ft) 32,000 42,500 30,000 23,151 30,000 26,000 Location Off Anna Salai Off Anna Salai OMR OMR OMR OMR Transaction Type Lease Lease Lease Lease Lease Lease

OFFICE SUPPLY, ABSORPTION & VACANCY RATE

14.0 12.0 10.0 8.0 15% 6.0 4.0 2.0 0.0 New Supply (In Mln sqft) Absorption (In Mln sqft) Vacancy (In %) 10% 20 0 8 20 0 9 20 10 20 11 20 12 20 13F 20 14F 30% 25%

20%

5%

0%

Above table represents indicative transactions during 2Q 2013. For Office Services related queries, please contact: Kaushik Reddy | Director | Office Services Kaushik.reddy@colliers.com | 044 - 28361064 DISCLAIMER

Above graph represents new supply, absorption, and vacancy in both Non IT and IT Grade A properties For more information and research related queries, please contact: Surabhi Arora | Associate Director | Research surabhi.arora@colliers.com | 0124 - 4567580

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