The top 3 cities in South India will witness cumulative lease expiries of 9.7 msf. Bangalore will contribute to more than 2/3rd of these lease expiries. Since these cities are dominated by IT-ITeS occupiers, predominantly occupying large spaces, deals above 1 lakh sf will form 43.5% of the total lease expiry volume. *Grade A office… Read More »
Top 7 CRE markets in India recorded leasing activity of 26 msf in the first half of 2017 compared to 24.5 msf during the same time last year. Gross Absorption for Chennai and Noida more than doubled in H1 2017 compared to H1 2016. Hyderabad also witnessed a sizeable growth in leasing activity in H1… Read More »
Propsense Q2 2017 Released Gross Absorption was 13.5 msf spread across 430 msf of total stock across the top 7 Indian cities. Cumulative Vacancy for these cities was 11.9% during end of the quarter. To know more about major deals, transacted rates, net absorption and micromarket level statistics for the top 7 cities login to… Read More »
Total 642 loans were registered in the first six months of 2017. March recorded highest 33% registration in H1 2017. Since loans are registered typically 30-45 days later, numbers for May and June are expected to increase as the year progresses. More than 1 lakh crores worth of developer loans (charges) were registered in H1… Read More »
Lets re-look at our past ten infographic highlights for the Indian CRE Market. IT Parks and Offices led leasing activity last year in Pune with 65% contribution in absorption. Furnished spaces seemed to be Occupiers choice last year in Pune. 60% of the total deals in 2016 were furnished with average rentals between INR 60-70/sf/month. The… Read More »
Inventory is the total quantum of existing building stock. We, at Propstack, compared Grade A office stock across the top 7 cities in India to assess the micromarkets with highest inventory levels. Rest of Gurgaon micromarket with in-demand locations like Golf Course Extension Road, Sohna Road, Udyog Vihar, etc. has the highest inventory of 44.6… Read More »
Major cities across India have been expanding spatially with increasing migrant workforce and paucity of land. With passage of time, to cater to the growing demand from corporates, the CRE markets in these cities have also mushroomed along the fringes where these cities are expanding. These Business Districts away from the city center towards outer… Read More »
IT/ITeS sector deals above 100,000 sf added 3.5 msf to leasing activity till date in 2017. 100,000+ sf deals by IT-ITeS sector comprised 55% of the total space leased by such large deals this year. Also, these large IT deals contributed to 40% of total leasing volume in Q1 2017. IT-ITeS companies leased these large… Read More »
Nine micromarkets across top 7 Indian cities recorded leasing activity more than 0.5 msf in the first quarter this year. OMR-I and OMR -II micromarkets in Chennai together contributed to more than 2 msf absorption in a single quarter. Apart from Chennai, both Mumbai and Pune had two micromarkets driving the demand higher than half… Read More »
In Q1 2017, all major southern cities of India – Bangalore, Hyderabad and Chennai, along with Pune had low vacancies. So, all these CRE markets were mostly Landlord Favourable. Noida and Gurgaon were more Occupier Favourable due to high vacancies and more options available to occupiers. Mumbai maintained neutral stance during the quarter with median vacancy… Read More »
