Office space
Multi-national firms have invested nearly Rs 2,500 crore in fewer than three years to buy office space in India as against leasing it, property consultant Cushman & Wakefield said. With rising rents in prime markets where MNCs operate, the consultant said that there is cost benefit in the long term in buying office spaces rather [...] Continue Reading »
The Grade A commercial office market which is in the Delhi has attracted an increase in the demand for office space along with rental values rising across some select established micro-markets during the quarter that ended in June 2014. Delhi NCR is a huge leasing market that has seen sustained demand for the quality of [...] Continue Reading »
A new trend is taking shape in India. It is said that demand gives birth to new ideas and this too is one of them. The concept of Virtual office space (VOS) is taking shape even in India and seems to be the latest buzz in the commercial realty sector. Renting even a small office [...] Continue Reading »
In a report released on Sunday, global property consultant DTZ said that the April-June 2014 quarter witnessed an 11 percent year-on-year increase in office space absorption in Delhi-NCR. As a result of the increase, office space absorption in the Delhi-NCR region touched 1.38 million sq ft during the reporting quarter. However, as per the DTZ [...] 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 Knight Frank’s Prime Asia Development Land Index, the economic capital witnessed maximum appreciation in prime residential development land. The index takes into account the cost of prime residential development land in 13 major cities across Asia that consists of NCR, Bangalore and Mumbai in India and determined that the Southeast Asian cities witnessing [...] Continue Reading »
A global real estate consultant says that the Office space requirement is likely to increase by 7 percent during this year to 29 million sq ft in India’s 7 major cities as corporates are looking at expanding their business. The demand of office space was 27 million sq ft last year in the seven cities [...] Continue Reading »
After the country’s coming elections that will lead to a new wave of infrastructure development, Chairman of the Tata Group, Cyrus Mistry, is scheduling to spend at least $8 billion in building roads, airports and housing, betting a stable administration. In December 2012 after Ratan Tata’s two decades at the helm, Mistry, 45, took over [...] Continue Reading »
To go by the words of Confederation of Real Estate Developers Association of India (Credai), Hyderabad would continue to attract good interest in real estate activity and is very much capable of withstanding and thwarting any competition from Tier II locations in the event of state’s bifurcation. The general secretary of Credai, Mr. Ram Reddy, in his interaction with the [...] Continue Reading »
Delhi-NCR- In terms of commercial real estate, Delhi-NCR is expected to beat other places with mounting real estate rates compared to other prime commercial destinations. Connaught Place in New Delhi stands in the world’s fourth most expensive office location, revealed a recent report by Cushman & Wakefield, which ranks locations across 63 countries to compare [...] Continue Reading »
