OFFICE RENTAL INSIGHT

INDIA | MUMBAI | JULY 2013

GRADE A RENTAL VALUES
Micro Market
CBD BKC Worli/Prabhdevi Kalina Lower Parel Powai Andheri East Goregaon / JVLR Malad Navi Mumbai LBS / Thane

INR | US $ % Change (Rentals per sq.ft/month) (Q-o-Q) | (Y-o-Y)

225 - 260 225 - 320 175 - 225 175 - 210 140 - 180 100 - 120 90 - 125 80 - 110 80 - 90 55 - 75 50 - 100 4.0 - 4.7 4.0 - 5.7 3.1 - 4.0 3.1 - 3.8 2.5 - 3.2 1.8 - 2.2 1.6 - 2.2 1.4 - 2.0 1.4 - 1.6 1.0 - 1.3 0.9 - 1.8 0% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0% -3% 1% 0% 0% -3% 0% 0% 0% 0% 0% 0%

AVERAGE RENTAL TREND- GRADE A BUILDINGS

240 210 180 150 120 90 60 30 0 2008 2009 2010 2011 2012 2013F 2014F Forecast

Average Rental Trends (INR Per Sq Ft Per Month)

Note: 1 US$= INR 55.72 (Average: 01st April-30th June,2013)

Above rental trends indicates Non IT Grade A properties only

MARKET TRANSACTIONS
Client
Convergys ISDI Parsons QAD Sun Pharma SBI Zenith Computers

Building Name
Gcorp One India Bulls Annexe Techniplex Corporate Center The Capital

Area (Sq.ft)
120,000 210,000 30,000 25,000 36,000

Location
Thane Lower Parel Goregaon West Andheri East BKC Andheri East

Transaction Type
Lease Lease Lease Lease Lease Lease

OFFICE SUPPLY, ABSORPTION & VACANCY RATE

16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 New Supply (In Mln sqft) Absorption (In Mln sqft) Vacancy (In %) 20 0 8 20 0 9 20 10 20 11 20 12 20 13F 20 14F 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0%

Times Square 27,000

Above table represents indicative transactions during 2Q 2013.

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

For Office Services related queries, please contact: Vijay Rajagopalan | Director | Office Services vijay.rajagopalan@colliers.com | 022 - 40504540

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