India’s growing economy, regulatory reforms and steady demand from IT/ITeS sector has led to an exponential growth in the commercial space segment. Demand for office space has been on the rise through the first half of 2017 exerting an upward pressure on rental values in certain micro markets of Bengaluru and Pune. Due to dearth of quality Grade A stock, Bengaluru has registered vacancy levels between 8-9 percent leading to a surge in rental values in some micro markets. At the same time, Pune has registered a significant rental growth due to lack of sufficient supply in most micro markets. Here’s a look at the top 5 commercial space markets that have witnessed the highest rental growth this year: Continue reading “Top 5 Office Property Micro Markets with Highest Rental Growth in 2017”
Thousands of startups, small businesses and millennials seeking new work environments are increasingly opting for co-working spaces. Emerging as a popular business model, co-working spaces are in great demand in metro cities as they provide infrastructure, office facilities and networking opportunities to entrepreneurs. As competition heats up in this growing segment, space operators are doling out value-added services to gain traction. Apart from providing basic co-working facilities, space operators are attracting clients by offering unique services at a small premium. Continue reading “Co-Working Spaces Are Now Hooking Clients with Value-Added Services”
Foreign investors and private equity players are keenly eyeing the booming logistics and warehousing sector resulting in some big-ticket investments. Growth in the sector is primarily driven by the e-commerce segment with the states of Maharashtra, Gujarat and Andhra Pradesh at the forefront of attracting industrial investments.
Policy decisions strengthen demand
Conducive policy environment and strengthening of the e-commerce logistics platform have revived investment in the logistics and warehousing sector. Policies allowing 100 percent foreign direct investment (FDI) in warehouses and food storage facilities and declaring some zones to be tax-free has made the sector lucrative to investors. Thanks to these positive policies, approximately 7.3 million sq. ft. of industrial and warehousing space was leased in H1 2017 across key cities, a 50 percent increase from H2 2016. Continue reading “Foreign Investors Eye Logistics and Warehousing Realty”