HYDERABAD RETAIL REPORT

1Q11
ECONO MY
The Central Statistics Office pegged the GDP growth rate for 2010-11 ECONOMIC INDICATORS
at 8.6%, indicative of higher growth levels achieved during the year.
NATIONAL 2009 2010F 2011F
Agriculture is estimated to grow at 5.4% while Industry and Services
GDP Growth 5.7% 8.6% 8.6%
sector at 8.1% and 9.6% respectively. The Reserve Bank of India (RBI)
CPI Growth 10.9% 13.2% 7.1%
hiked the interest rate during the quarter to curtail the rising inflation
and further hike in the interest rate is also anticipated. The Institute of Private Final Expenditure Growth 4.3% 6.6% 8.0%
Economic Growth has projected that the inflation rate is expected to Govt. Final Expenditure Growth 10.5% 3.0% 4.0%
dip to 6.5% by mid- year 2011. Despite the strengthening interest rate, Population (In Millions) 1199.1 1215.9 1232.7
Source: IMF & Government of India
the RBI expects the GDP rate for the current financial year to remain at
the estimated 8.6% level.
SIGNIFICANT LEASING TRANSACTIONS
O VER VIEW PROPERTY LOCATION TENANT SQUARE FEET
Transaction activity across operational malls stagnated due to availability Standalone
Jubilee Hills
Reliance Trendz 12,000
of limited space that persisted during the past year. As a result, rentals Road No.36
remained stable. Rentals across main streets stabilized during the quarter Standalone
Jubilee Hills
Celio 2,000
except for Abids. This established retail main street saw 10% Road No.36
appreciation with select second generation properties commanding Standalone Nagarjuna Circle Hush Puppies 1,200
higher rents. While fresh supply in prominent main streets remained
limited, Jubilee Hills Road No.36 saw various under construction SIGNIFICANT PROJECTS UNDER CONSTRUCTION
projects which are planned to contain a mix of both retail and COMPLETION
commercial component. Standalone residential developments along PROPERTY LOCATION SQUARE FEET
DATE
Jubilee Hills Road No.36 were seen to be demolished for new Crystal Forum Kukatpally 500,000 2Q12
developments catering to the requirements of retailers. Retail activity Manjeera Trinity Kukatpally 425,000 4Q11
along the NH-9 has gradually extended beyond Kukatpally towards
Miyapur and Chandanagar, both in terms of supply and increasing
presence of retailers. Various standalone buildings contributed towards
the fresh supply along this stretch. PRIME RETAIL RENTS – MAIN STREET
OU TLO O K INR PER SF/MO 12-
EURO US$ MONTH
Fresh mall supply in the city is unlikely during 2011 with sluggish LOCATION 1Q10 4Q10 1Q11
SF/YR SF/YR OUTLOOK
construction activity. Select mall projects in Kukatpally are currently MG.Road 100 100 100 19.1 27.0 
under early stages of construction and are expected to witness SP.Road/
90 90 90 17.1 24.3

Begumpet
completion only in 2012. Until then, mall rentals are also expected to Raj Bhavan 
remain stable with limited mall space availability. Rentals across most Road/ 95 90 90 17.1 24.3
main streets are likely to remain stable barring Madhapur. This location Somajiguda

is likely to see marginal appreciation in rents owing to enquiries Banjara Hills

125 130 130 24.8 35.1 
Road No. 1, 2 & 3
exceeding availability. Abids 100 100 110 21.0 29.7 
Himayathnagar 100 100 100 19.1 27.0 
Punjagutta 110 110 110 21.0 29.7 
PRIME RETAIL RENTS – MALLS Ameerpet 100 100 100 19.1 27.0 
Jubilee Hills
INR PER SF/MO 12-
Road No.36
120 140 140 26.7 37.8 
EURO US$ MONTH
LOCATION 1Q10 4Q10 1Q11 Kukatpally NH
SF/YR SF/YR OUTLOOK
No.9
110 100 100 19.1 27.0 
NTR Gardens 130 130 130 24.8 35.1 
Himayathnagar 150 150 150 28.6 40.5  A.S.Rao Nagar 75 75 75 14.3 20.3 
Banjara Hills Road  Madhapur 90 90 90 17.1 24.3 
240 240 240 45.7 64.9
No.1 Note: Values are quoted on carpet area for ground floor properties of vanilla retailers
Madhapur 225 225 225 42.9 60.8 

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