IT/ITES firms
Global Property Consultant DTZ has provided information pertaining to the demand for commercial property in Delhi-NCR from IT/ITeS Sector leading to a 11% increase in office space absorption to 1.38 million square feet in the April-June quarter of 2014. Rentals, however are still minimal and the quarter on quarter analysis actually shows that the absorption [...] 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 »
The office space market in Bangalore seems to have taken a hit as office space absorption has been dropping by about 12 percent quarter-on-quarter. According to Jones Lang LaSalle (JLL) India, the first quarter witnessed growth due to companies like Axis Aerospace & Technologies leasing space in Vaswani Centropolis, KPMG leasing space in Salarpuria Hallmark [...] Continue Reading »
