commercial office spaces in India
With the country seeing an economic downturn which led to a decline in the absorption of office space, KPMG, the global professional services firm, announced its plan to lease more than 7 lakh sq-ft office space in Bengaluru. If this happens, this transaction could be the year’s largest absorption of office space this country has [...] Continue Reading »
In Q1 2013, a net absorption of 189,600 sq ft was recorded in Ahmedabad, whereas in Q1 2014, the city posted 607,500 sq ft absorption. The figures are quoted from a study by Cushman & Wakefield. The absorption was concentrated in of Gandhinagar (66 per cent), Prahladnagar (25 per cent) and Sarkhej-Gandhinagar Highway (10 per [...] Continue Reading »
According to international real estate consultancy CBRE’s India Office Market View 2012, the absorption of office space had a sequential fall of 14% across seven key cities ended September, a fall of about six million sq ft, compared with about seven million sq ft in the previous quarter. National Capital Region (NCR), Mumbai and Bangalore, [...] Continue Reading »
Real estate consultancy firm Cushman & Wakefield reports that the top eight cities in India are expected to see a demand for about 180 million sq ft of commercial office space in the next five years. Based on announced projects and the current pace of construction, total expected supply in these five years is 219.6 [...] Continue Reading »
Raj Bhavan Road, where the residence of the Governor of Andhra Pradesh is located, is a a prominent political and commercial locality in Hyderabad. The area is home to many high-end malls like City Centre mall, GVK mall and Life style mall. Central Business District of Hyderabad, the locality witnessed an increase of 9 per [...] Continue Reading »
In a report by a global property consultancy firm it is came to know that Hyderabad, Chennai and Pune are among the top five cities in the world with the lowest office occupancy cost. Total occupancy cost includes real estate price, infrastructure and efficiency of buildings. Costs have come down in these three cities because [...] Continue Reading »
