Demand for office spaces
A rise of 20.26 % has been observed for loans to commercial real estate that indicates a considerable credit demand rise. The growth in India’s commercial real estate has been at a high for more than a year and reflects the need of developers to continually borrow in order to stay afloat in the market [...] 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 »
Chennai office market has changed in nature as it has shifted from being absolutely IT/ITES dominated to more diversified occupier base. According to a survey by Knight Frank India, emergence of newer sectors have boosted the city’s office market. Although IT/ITES sector continues to be affected by economic constraints, leasing levels should remain firm and [...] Continue Reading »
According to Cushman & Wakefield, Hyderabad is expected to witness a 48 per cent increase in demand for office space compared to last year. The demand for commercial office space in the city is expected to increase moderately from the next year onwards as the economic conditions improve 2.38 million sq ft of office space [...] Continue Reading »
Gurgaon has emerged as the top commercial destination in national capital region(NCR). In spite of rise of other NCR areas like Greater Noida, Kundli, Manesar, and Dwarka Expressway, Gurgaon still shelters maximum number of IT/ITeS companies. Analysts say that commercial capital values have almost been doubled in past couple of years while the leasing values [...] Continue Reading »
The recent RICS Global Commercial Property Survey shows that the demand for office space in India has fallen in the April-June quarter of 2012. The report reflects the general growing concerns about the domestic economy, which has seen downward spiraling in growth predictions, as well as weakening global climate. The report states that demand from [...] Continue Reading »
The demand for commercial spaces in Mumbai city has dropped down! The real estate analysts have predicted 15 per cent drop in demand based on rising interest rates and global crisis. Also, one of the reports by global property advisors DTZ say that the demand for office spaces in the commercial realty sector during the [...] Continue Reading »
In the April-June quarter of 2011, commercial office space market in the country seen strong demand and witnesses over 33 per cent increase in office space. Delhi NCR, Mumbai, Bangalore and Chennai were the leading cities accounting for almost 80% of the entire space that was absorbed in the country. According to a latest survey, [...] Continue Reading »
