city report mumbai office market - BNP PARIBAS - Investment ...

SECONDARY BUSINESS DISTRICT (SBD)
Pressure on rents and capital values
Rental Values (in Rs / sq.ft / month)
250
200
150
100
50
0
Q3
2008
Q4
2008
Q1
2009
Q2
2009
Q3
2009
Q4
2009
This region is witnessing increase in activity from corporate
occupiers. The leasing and capital values however are under
extreme pressure as more and more supply is being added. It is
estimated that 60% of total new supply of the Mumbai Metropolitan
area will fall in this region.
RENTALS OVER THE PAST 6 QUARTERS
Q3
2008
Q4
2008
Q1
2009
Q2
2009
Andheri E 150 130 120 120
Andheri W 130 120 110 110
Q3
2009
120
110
Q4
2009
120
110
Vile Parle
Andheri East
Andheri West
Powai
Malad
Vikhroli
Borivali
Borivali 60 50 50
Malad 110 100 90
Powai 130 100 90 90
Vikhroli 95 80 65
50
90
65
Vile Parle 160 160 120 120
50
90
90
65
120
50
90
90
65
120
Source: BNP Paribas Real Estate, India
25,000
Capital Values (in Rs / sq.ft)
20,000
15,000
10,000
5,000
CAPITAL VALUES OVER THE PAST 6 QUARTERS
Q3
2008
Q4
2008
Q1
2009
Q2
2009
Andheri E 15,000 13,000 12,000 12,000
Q3
2009
12,000
Q4
2009
12,000
—
Q3
2008
Q4
2008
Vile Parle
Q1
2009
Andheri East
Andheri West
Powai
Q2
2009
Q3
2009
Malad
Vikhroli
Borivali
Q4
2009
Andheri W 13,000 12,000 11,000 11,000
Borivali 6,000 5,000 5,000 5,000
Malad 11,000 10,000 9,000 9,000
Powai 13,000 10,000 9,000 9,000
Vikhroli 9,500 8,000 6,500 6,500
Vile Parle 16,000 16,000 12,000 12,000
Source: BNP Paribas Real Estate, India
11,000
5,000
9,000
9,000
6,500
12,000
11,000
5,000
9,000
9,000
6,500
12,000
CITY REPORT
MUMBAI OFFICE MARKET - Q4 2009
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