office space in India
In a recent report, property consultant Cushman & Wakefield (C&W) has revealed that, in the last three years or so, a total investment of approximately Rs. 2,500 crore has been made by multi-national firms to purchase office space in India rather than lease it. According to C&W, the apparent reason behind the decision of an [...] 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 »
According to a survey, India ‘s most expensive office space in New Delhi (Connaught Place – CBD ) moved from 9 th position to 5 th position. Where as, Mumbai’s CBD – Nariman Point which was at 20th position until July has now gone to 25th position. Mumbai’s commercial real estate continues to fall further. [...] Continue Reading »
Data produced by Bloomberg TV India shows that the price of residential space has skyrocketed by 6% in six months, and the demand of residential space in Bangalore has gone up by 3% and in Gurgaon the hike is as high as 9%. Whereas, in the past six months, demand of residential property in Bangalore [...] Continue Reading »
It is reported that the three cities of Hyderabad, Bangalore and Chennai together account for nearly 45 per cent of office space in India. It is found that the real estate development in southern part of India has set new milestones as commercial advantage of Bangalore, infrastructural progress of Hyderabad, industrial and residential highlights of [...] Continue Reading »
The commercial property markets in India is showing indications of a slight turnaround with investments and rentals moving up in first quarter of this financial year. Developers for their part are gearing to tap the commercial property market with faster completion ratio and refurbishing existing properties in India. According to the RICS India Commercial Property [...] Continue Reading »
