central business district (CBD)
Cushman and Wakefield, property consultant, has declared that Connaught Place is the 4th most expensive office locations in the world. It is located in Delhi and well renowned companies are ready to invest in this area. Whereas, in 2011 it was ranked as 5th in the list but the survey of C&W states that the [...] Continue Reading »
Bangalore- Properties in Richmond Town, located in the heart of the city, have observed over 25 percent capital appreciation in the last two quarters. In the first quarter of 2012, the area had witnessed Rs 7,500 per sq ft approximately. By the third quarter of the prevailing calendar year, the rate increased to Rs 9,000 [...] Continue Reading »
The office space market in Bangalore witnessed a moderate leasing activity during September as against August this year. IT/ITeS sector continued to account for majority of the leasing in the city. The city has witnessed stable demand and restricted supply in the month. As a result, the overall vacancy rate has been low during the [...] Continue Reading »
Outskirts of Bangalore are witnessing unprecedented growth and price appreciation. Metro connectivity to areas like Kanakapura road, Sarjapur, Devanahalli and Mysore Road have boosted the realty prices of places like Hoskote and Bidadi. The price escalations in the peripheral districts of Bangalore have been reported to be even sharper than in the Central Business District [...] Continue Reading »
Hyderabad’s retail market is gradually expanding to suburbs and peripheral areas as demand for retail space grows in the suburbs. The retail activity is no longer confined to high streets. As the malls are almost fully occupied, leasing activity is slow in malls in CBD areas but vacancy rates and rents remained stable in existing [...] Continue Reading »
According to reports of BNP Paribas Real Estate, rental values of office space in Mumbai has witnessed a decline. Sequential decline in the range of 3 per cent to 11 per cent is seen during the quarter ended June 30. The report shows that rent came down in central business district Nariman Point by 3 [...] Continue Reading »
The National Capital region (NCR) is expected to observe an additional supply of 48 million sq. ft. of office space over the next three years which may lead to fall in rentals, realty consultant Knight Frank said. The majority of the office supply is likely to crop up in Gurgaon and Noida markets while the [...] Continue Reading »
