IT/ITES sectors
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 »
Over the last two years, in Mumbai, values of land, which are used for development of residential projects, have appreciated by almost 35.2 percent mainly due to change in norms and increase in property prices, a recent survey said. Knight Frank conducted a survey of 13 top Asian cities on the parameters of values of [...] Continue Reading »
Expanding IT/ITeS sector paved the way for real estate growth in Kochi. Now, in the last 2-3 months the real estate sector has exhibited significant appreciation in property value with the metro rail project coming up. Property prices have increased up to 30 per cent in areas where metro rail work has begun. Kaloor and [...] Continue Reading »
East Coast Road (ECR) is fast becoming a top residential locality of Chennai. The property values have crossed the mark of Rs 11,000 per sq ft at prime locations near beach and are still on the rise. The expansion of IT/ITeS sector is the main fuel in the real estate growth. Revival of demand for [...] Continue Reading »
If we carefully look back at the Chennai real estate growth over the year 2011 the sales of residential sector was all dependent on the IT/ITES sectors. The stability in IT sector has boomed the residential realty sales! With the job security in the sector and people transferring form place to place, the demand for [...] Continue Reading »
