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Chennai MarketBeat Reports

20/07/2021
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: Market conditions remained favourable to occupiers during the quarter, and we expect them to remain so for another 6-12 months as business sentiments gradually improve and demand bounces back.

Retail: Mall and main street rentals remained stable across all submarkets in Q2. However, due to the market slowdown over the last 12 months, mall rentals have dropped by 3-5% across all submarkets on a y-o-y basis.

Residential: Capital values remained stable across all submarkets. Rental values, which witnessed minor fluctuations during the previous lockdown in 2020, remained stable this quarter.

Investment: Foreign Direct Investment (FDI) inflows in the construction development sector were recorded at INR 10.9 bn during January – March 2021, a slight drop of 4.2% q-o-q. FDI inflows for the financial year 2020-21 declined by 28.3% owing to the pandemic.

Learn more by clicking our most recent Chennai MarketBeat reports below.

CURRENT MARKETBEAT

Office Buildings CBD
Chennai Office Report

We expect the market to gradually recover in H2 2021 and could bounce back much stronger in 2022 on the back of faster vaccinations and as companies rework their return to office strategies.

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Shopping Retail
Chennai Retail Report

Along the main streets, rentals rebates were provided by a few developers on a selective basis to occupiers who suffered heavy losses.

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Warehouse Internal Rack
Chennai Residential Report

Mid and high-end segments together held 85% of the share in the total units launched in this quarter while the remaining units were under the affordable segment.

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Warehouse Internal Rack
India Investment Report

Investment demand, measured by gross fixed capital formation (GFCF), increased by 11% as compared to the 2.6% growth in the previous quarter, with capital spending by the government picking up sharply.

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Warehouse Internal Rack
Chennai Industrial Report

Warehouse leasing in Chennai was robust in the first half of 2021 owing to continued healthy demand from manufacturing and logistics sectors.

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