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”
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”