Coworking Space

Co-Working to Be a Game-Changer in 2018

The commercial real estate industry has had an eventful 2017 with co-working ushering in a new culture of collaboration in the workspace. Flexibility, cost saving and ease of starting an office are some of the most important factors contributing to the exponential growth of co-working spaces. Entrepreneurs, as well as established companies, are known to have saved between 20-30 percent of the costs by opting for a co-working space over a traditional office setup. Continue reading “Co-Working to Be a Game-Changer in 2018”

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Investment

Delhi, Mumbai Among Costliest Office Locations in the World

Delhi and Mumbai have been listed amongst the most expensive and sought-after office destinations in the world and are ranked above many global hotspots. While Delhi figures among the world’s top-10 most expensive locations for premium office rents, Mumbai also features in the top-20 of the list. According to global reports, Hong Kong tops the list of the most expensive premium office hubs in the world followed by London, New York, Beijing, Tokyo, Shanghai, Delhi and San Francisco. Continue reading “Delhi, Mumbai Among Costliest Office Locations in the World”

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Office Space

Bengaluru Tops Flexible Office Space Segment

Offering the twin benefits of space efficiency and cost-effectiveness, the co-working trend is catching the fancy of office occupiers in metros. Currently, there are close to 350 co-working office operators in India working out of 800 locations based in Bengaluru, Mumbai, Delhi NCR, Pune, Chennai and Hyderabad. The nation’s IT capital, Bengaluru, leads the pack of flexible office hubs with a 35 percent share while Mumbai ranks second with almost 18 percent of the total number of co-working offices in the country. Continue reading “Bengaluru Tops Flexible Office Space Segment”

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Coworking Space

Indian CRE Market – Looking Back At 2017 & Gearing Up For 2018

Steady lease rentals, high absorption levels, low vacancy levels and global investor interest kept India’s commercial real estate sector buzzing during 2017. Unlike the fragmented residential market, the commercial sector fared much better. Backed by large investors, leading developers are steadily building Grade A office space in key cities. Here’s a look at how the commercial market fared in major cities: Continue reading “Indian CRE Market – Looking Back At 2017 & Gearing Up For 2018”

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Coworking Space

How Much Savings Can Be Achieved from Co-Working Offices?

India’s metros are home to thousands of startups, small businesses, and millennials who are seeking new work environments. In this scenario, co-working has come up as a popular business model that is redefining office spaces in the city. Co-working spaces are in great demand in cities like Bengaluru, Mumbai, and Hyderabad as they provide the necessary support, infrastructure, networking opportunities and office facilities to entrepreneurs who are just starting out. Continue reading “How Much Savings Can Be Achieved from Co-Working Offices?”

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Investment

Bengaluru, Mumbai and Delhi Ranked Among Top Investment Destinations in APAC

The government’s pro-reform policies for the Indian real estate sector has received a thumbs-up from foreign investors as three major cities have emerged as preferred investment destinations in the Asia Pacific region. According to the Emerging Trends in Real Estate Asia Pacific 2018 report jointly published by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI), Mumbai, Bengaluru, and New Delhi were ranked 12, 15 and 20 respectively as top investment cities. Continue reading “Bengaluru, Mumbai and Delhi Ranked Among Top Investment Destinations in APAC”

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Office Space

Bengaluru to Have Additional 26 Million Sq. Ft. of Office Space by 2020

Popularly regarded as India’s Silicon Valley, Bengaluru leads the pack of IT hubs in India. Pleasant climate, an international airport, and abundance of talent have turned Bengaluru into an international IT destination. It’s no wonder that Bengaluru has emerged as one of the largest contributors to commercial real estate in the country. According to experts, a whopping 26 million sq. ft. of office space will be added to the city by 2020. Continue reading “Bengaluru to Have Additional 26 Million Sq. Ft. of Office Space by 2020”

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Office Space

Office Leasing in Q3 Up in Major Indian Cities

India’s commercial real estate (CRE) market is growing by leaps and bounds and remained positive in the quarter ending September. The prime office space market continues to be buoyant due to increased investor activity, sustained leasing demand from technology companies and growing leasing interest from occupiers.
According to our market research, office space leasing grew marginally but significantly during Q3 in eight major cities and stood at 10.4 million sq. ft. Even as leasing activity remained upbeat, the office space absorption rose by 2 percent quarter-on-quarter. Continue reading “Office Leasing in Q3 Up in Major Indian Cities”

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Investment

13.6 Million Sq. Ft. of Retail Supply Coming Up in Top 8 Cities

India’s retail sector is heading towards a revolution with close to 34 new malls coming up in top eight cities by 2020. A whopping supply of 13.6 million sq. ft. is expected to come up in the next three years across the country. Experts are pegging the size of retail sector at Rs. 1 trillion by 2020 with an expected CAGR of 15 percent during 2016 – 2020. Continue reading “13.6 Million Sq. Ft. of Retail Supply Coming Up in Top 8 Cities”

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Office Space

Indian Cities Emerge as Most Affordable Office Hubs

India’s office market has come of age and has had an impressive run in 2016 and the first half of 2017. Home to some of the most affordable Central Business Districts in the world, Indian cities have outranked global business hubs. In a recent global survey, three Indian cities have been listed for highest yields for prime office space. Tech hub Bengaluru has secured the top position with the highest yield of 10 percent, followed by Gurugram at 9.2 percent and Mumbai at 8.5 percent. Continue reading “Indian Cities Emerge as Most Affordable Office Hubs”

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