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?”
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”
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”
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”
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”
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”
Co-working has emerged up as a popular business model that is redefining office spaces across India. Such spaces are in great demand in metros as they provide the necessary support, infrastructure, networking opportunities and office facilities to entrepreneurs who are just starting out. Continue reading “Co-Working Spaces Attract PE Funds”
As CRE activity picks up pace across major commercial hubs in India, pre-commitment levels in key office markets have been on the rise indicating persistent demand and occupiers’ interest in commercial spaces. In a pre-commitment deal, a developer leases the office building to corporate occupiers even as the building is under construction. In the current scenario of shortage of quality commercial space supply and increasing pressure on rents, many companies are pre-committing space for future needs and portfolio optimization.
Continue reading “Pre-Commitment for Commercial Space Shows Sharp Rise in India”
Mumbai is set to emerge as one of the top five global office hubs to witness maximum addition to its CRE portfolio over the next 18 months. According to research, around 16 million sq. ft. is expected to be added to Mumbai’s total office footprint of Grade-A stock. The country’s financial capital is expected to add up to 14 percent of its current stock by 2019. Mumbai ranks amongst Shanghai, Mexico City and Beijing as the most promising and sought-after global CRE markets.
Continue reading “Mumbai Among Top 5 Global Office Hubs”
Investment in India’s commercial real estate (CRE) market is at an all-time high with local developers as well as foreign investors favoring the sector. The CRE sector has witnessed a flurry of activities this year as developers have been keen on expanding their portfolios through fresh investments and acquisitions. With the first real estate investment trusts (REITs) expected to be listed in December, many developers are expected to join the bandwagon to monetize their existing portfolios.
Continue reading “Developers and Investors Consolidate CRE Portfolio in India”