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CHENNAI OFFICE MARCH 2019 MARKETBEATS 10% 0.5msf 1.0msf GRADE A VACANCY GRADE A NEW SUPPLY GROSS LEASING (Q1 2019) (Q1 2019) (Q1 2019) MARKET INDICATORS OVERALL HIGHLIGHTS 12 Month Q1 2018 Q1 2019 Forecast Upswing in leasing momentum Overall Vacancy 8.4% 10.09% The Grade A office leasing activity in Q1 2019 was over 1 million sf, clocking a 20% Weighted Average Net Asking Rental (INR/sf/month) 53.59 55.76 q-o-q growth. However, on account of the overall net absorption being lower than the new space additions, vacancy rose marginally to 10.1% in Q1 2019. However, YTD Net Absorption (sf) -205,633 252,916 vacancy levels continue to remain in single digits across the core office markets. GRADE A OVERALL RENT Pre-leasing activity was up 15% y-o-y with the momentum driven by upcoming SEZ & VACANCY RATE developments in the suburban south and peripheral south-west markets. 60 40% Flex operators pick up steam 50 30% 40 Flex space operators took up maximum space in Q1 2019, clocking a 40% q-o-q 20% increase. Key transactions included Cowrks, Smartworks and Workafella. Driven by 30 20 10% limited vacancy in the core markets, flex space operators are looking to fill the gap 10 0% for enterprise demand for ready spaces by picking up and refurbishing slightly 2012 2013 2014 2015 2016 2017 2018 Q1 2019 average, older buildings present across the central, off central and suburban areas Net Asking Rental (INR/sf/month) Vacancy Rate (%) of Chennai. GRADE A PRE COMMITMENT AND NET Rents strengthening in core markets ABSORPTION Given the single digit vacancy levels in the suburban south and south west markets, 6,000 A Cushman & Wakefield 5,000 Research Publication transacted rentals for Grade A properties recorded a appreciation of 3% q-o-q as 4,000 occupier enquiries have increased amid an ongoing supply crunch which is 3,000 2,000 DATA expected to last till H2 2019 in the core markets. We foresee an increase of another 1,000 INTO 3-5% in rents on available spaces for the remaining 2019 with prominent office ACTION 0 corridors turning developer oriented with upcoming supply achieving appreciable 2012 2013 2014 2015 2016 2017 2018 Q1 2019 Pre-commitment (000' sf) Net Absorption (000' sf) levels of pre-commitments. www.cushmanwakefield.com Source: Cushman & Wakefield Research CHENNAI OFFICE MARKETBEAT MARCH 2019 PLANNED & GRADE A WTD. AVG. RENT* YTD INVENTORY VACANCY YTD LEASING UNDER YTD NET Rohan Sharma CONSTRUCTION SUBMARKET (SF) RATE ACTIVITY CONSTRUCTION ABSORPTION Director, Research COMPLETIONS INR/SF/MO US$/SF/YR EUR/SF/YR (SF) Tel: +91 124 4695555 [email protected] CBD 2,363,551 12.15% 164,000 699,673 86,783 154,500 78.47 13.61 12.10 Off-CBD 482,636 20.57% 0 61,474 0 0 73.09 12.68 11.27 South-west 10,979,740 3.34% 259,407 3,551,294 90,000 212,679 70.95 12.31 10.94 North-west 3,232,000 25.81%** 114,987 0 360,000 -312,309 45.00 7.81 6.94 Suburban South 16,269,012 2.08% 184,768 2,850,000 0 8,546 72.70 12.61 11.21 Peripheral South 10,794,655 16.59% 189,500 2,487,450 0 189,500 48.95 8.49 7.55 Peripheral South-west 4,222,000 28.94% 100,000 5,785,096 0 0 56.70 9.84 8.74 TOTALS 48,343,594 10.09% 1,012,662 15,434,987 536,783 252,916 55.76 $9.67 €8.60 The report highlights Grade A details only Certain indicators are historically corrected by addition / deletion of older / refurbished projects as per grade A classification and accounting for changes in built-up / leasable area besides adjusting tenant leases to reflect accurate market conditions. Net absorption refers to the incremental new space take-up; renewals not included in leasing activity statistics *Weighted average asking rental rates for vacant spaces that provide core facility, high-side air conditioning and 100% power back up **Increase in vacancy is due to surrendering of office space of about 400,000 sf near Ambattur. IT-BPM – Information Technology – Business Process Management Key to submarkets: CBD – Anna Salai, Nungambakkam, RK Salai; Off-CBD – T.Nagar, Alwarpet, Kilpauk, Egmore, Chetpet, Royapettah, Kotturpuram; Peripheral South- Sholinganallur, Thoraipakkam, Navalur, Siruseri, Padur; Suburban South – Perungudi, Taramani, Thiruvanmiyur, Velachery; South West – Guindy, Ashok Nagar, Vadapalani, Manapakkam, Ekkaduthangal; North West – Ambattur, Padi, Annanagar, Koyambedu, Arumbakkam; Peripheral South-west – Singaperumalkoil, Tambaram, Guduvanchery, Perungalathur, Pallavaram. US$ 1 = INR 69.17; € 1 = INR 77.84 Numbers for the First quarter are based on market information collected until 10th March 2019 KEY LEASING TRANSACTIONS – Q 1 2 0 1 9 DATA PROPERTY SUBMARKET TENANT SF LEASE TYPE INTO ACTION Highstreet IT Park CBD Workafella 142,000 Fresh Lease Arihant Technopolis Suburban south CoWorks 120,000 Fresh Lease DLF South west IDP 41,072 Fresh Lease A Cushman & Wakefield Research Publication SIGNIFICANT PROJECTS PLANNED & UNDER CONSTRUCTION Cushman & Wakefield (NYSE: CWK) is a leading global real estate PROPERTY SUBMARKET MAJOR TENANT SF COMPLETION DATE services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate Brigade WTC Tower 1 & 2 Suburban South NA 1,800,000 Q1 2020 services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across DLF Taramani Suburban south NA 1,000,000 Q1 2021 core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, DLF MRC Guindy South west NA 800000 Q1 2022 visit www.cushmanwakefield.com or follow @CushWake on Twitter. www.cushmanwakefield.com Copyright © 2019 Cushman & Wakefield. All rights reserved. The information contained within this report is gathered from multiple sources considered to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy..
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    © [Regd. No. TN/CCN/467/2012-14. GOVERNMENT OF TAMIL NADU [R. Dis. No. 197/2009. 2016 [Price: Rs. 24.00 Paise. TAMIL NADU GOVERNMENT GAZETTE PUBLISHED BY AUTHORITY No. 22] CHENNAI, WEDNESDAY, JUNE 1, 2016 Vaikasi 19, Thunmugi, Thiruvalluvar Aandu – 2047 Part VI—Section 4 Advertisements by private individuals and private institutions CONTENTS PRIVATE ADVERTISEMENTS Pages. Change of Names .. 1231-1288 Notice .. 1289 NOTICE NO LEGAL RESPONSIBILITY IS ACCEPTED FOR THE PUBLICATION OF ADVERTISEMENTS REGARDING CHANGE OF NAME IN THE TAMIL NADU GOVERNMENT GAZETTE. PERSONS NOTIFYING THE CHANGES WILL REMAIN SOLELY RESPONSIBLE FOR THE LEGAL CONSEQUENCES AND ALSO FOR ANY OTHER MISREPRESENTATION, ETC. (By Order) Director of Stationery and Printing. CHANGE OF NAMES 17777. I, Z. Sathik Hussian, son of Thiru H. Zakir Hussain, 17780. My son, J. Manikandan, born on 3rd October 1998 born on 20th December 1997 (native district: Virudhunagar), (native district: Tiruchirappalli), residing at Old No. 2, residing at No. 1E, Royal Street, Thaimoogambigai New No. 109E, Lavanya Complex, Kallimandayam, Dindigul- Nagar, S. Alangulam, Anaiyur Post, Madurai-625 017, 624 616, shall henceforth be known as J MANISELVAM. shall henceforth be known as Z. SHATHIK HUSSAIN. S. ªüèï£î¡. Z. SATHIK HUSSIAN. Dindigul, 23rd May 2016. (Father.) Madurai, 23rd May 2016. 17781. I, B. Samsudeen, son of Thiru K. Beermuhamdhu, 17778. I, Seetha, wife of Thiru M. Andi, born on 1st January born on 7th March 1986 (native district: Madurai), residing at 1965 (native district: Pudukkottai), residing at No. 2-28, Old No. 15, New No. 52, Mumiyandi Kovil Street, Melur, Thirumayam Taluk, Pudukkottai-622 507, Meenabalpuram, Madurai-625 002, shall henceforth be shall henceforth be known as A.
  • STAR RIO Version 3 Dated 01.01.2020 Page 1 Of

    STAR RIO Version 3 Dated 01.01.2020 Page 1 Of

    STAR RIO Version 3 dated 01.01.2020 REFERENCE INTERCONNECT OFFER OF STAR INDIA PRIVATE LIMITED (ADDRESSABLE SYSTEMS) The terms and conditions of this Reference Interconnect Offer are drafted pursuant to the Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) Regulations, 2017 and the Telecommunication (Broadcasting and Cable) Services (Eighth) (Addressable Systems) Tariff Order, 2017, as amended from time to time. The DPO may reach out to the following representatives of STAR for availing signals of Channels and/or any grievance(s): Distribution Name Contact No. Email ID Address Platform Digital Addressable Summit 011 - [email protected] / Star House, Urmi Cable Television Grover/Piyush 43102704/05/06 - Estate, 95 Systems, IPTV, Goyal Ext 207/ [email protected] Ganpatrao Kadam HITS Marg, Lower Parel 022 6173 1780 (W), Mumbai, 400013, Maharashtra DTH Anand Dhand 022 6185 3667 [email protected] Star House, Urmi Estate, 95 Ganpatrao Kadam Marg, Lower Parel (W), Mumbai, 400013, Maharashtra SUBSCRIPTION LICENSE AGREEMENT This Subscription License Agreement ("SLA") is executed on the _____ day of ____________, ______ by and between: STAR INDIA PRIVATE LIMITED, a company incorporated and registered under the Companies Act, 1956 and having GSTINs 07AAACN1335Q1ZA (Disney India, 1st Floor, Radisson Commercial Plaza, NH 8, Mahipalpur, New Delhi – 110037), 27AAACN1335Q1Z8 (Star House, Urmi Estate, 95 Ganpatrao Kadam Marg, Lower Parel (W), Mumbai, 400013, Maharashtra), 19AAACN1335Q1Z5 (RENE Towers, 1842, Rajdanga Main Road, RB Connector, Kasba, Kolkata - 700107, West Bengal) 36AAACN1335Q1Z9 (Plot No. 8-2-120/86/10,Opp: Park Hyatt Hotel, Road No.2, Banjara Hills, Hyderabad- 500034, Telangana), 29AAACN1335Q1Z4 (No. 66/1-4, A-Block.