bengaluru warehouse rental values in the western and southern corridors of bangalore remained largely stable however the east corridor witnessed a marginal rental appreciation in the range of 23 when compared to h1 2016 said a recent report by cbre on the other hand due to scarcity of readytomove options the northern corridor of bangalore witnessed rental appreciation in the range of 2223 on a half yearly basis said the report in chennai rental values witnessed a marginal decline in the western corridor as developers were keen on reducing the existing vacancy levels on account of the large anticipated supply in the next few months going forward the announcement of large scale logistics parks by prominent developers such as embassy group casa grande motherson etc is expected to further exert rental pressure on the region similarly rental values across locations in the south chennai micromarket witnessed a marginal decline of about 12 when compared to h1 2016 however rental values in north chennai which saw steady rental corrections in the past two years remained stable rental values across cities in the west also remained steady in mumbai rentals for grade a warehouses in bhiwandi were estimated in the range of rs 1116sq ftmonth while in panvel they were largely stable in the range of rs 2025sq ftmonth the industrial hubs of sanaswadi and ranjangaon in pune which observed healthy leasing activity recorded a rental growth of 910 compared to h1 2016 while values remained steady in chakan talegaon pimpri and chinchwad similarly rental values in warehousing hubs in gujarat spread across locations such as changodar narol sanand odhav with the exception of aslali and aslali extension where values increased by 68 when compared to h1 2016 owing to strong occupier interest