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NCR office space leasing increases 3 times

NCR office space leasing increases 3 times
In the first quarter of 2014, Office space leasing in the Delhi-NCR region jumped more than three times to nearly 1.5 million sq ft. The prime reason for the increase is due to higher absorption by IT firms in Gurgaon, says a report by property consultant Cushman & Wakefield. Cushman & Wakefield in its latest [...] Continue Reading »

DDA to go online

DDA to go online
In a move to improve transparency and efficiency, The Delhi Development Authority (DDA) is planning to make its payment and financial transactions online within this year. DDA has engaged the consultant Ernst and Young to study processes in all its departments and prepare a request for proposal document. A DDA official pointed out that the [...] Continue Reading »

Service sector to boost office space demand

Service sector to boost office space demand
The service sector is expected to revive demand for office space with an estimated absorption of 28-30 million sq ft by the year-end. Jones Lang LaSalle India says that the service sector is likely to drive demand for commercial real estate. An 8.5 percent growth in the services sector in FY12 is an indicator that [...] Continue Reading »



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