Office space absorption in Delhi-NCR declined by over 8 per cent last year due to sharp fall in supply but the situation is expected to improve in 2017 with a completion of several commercial projects, according to a property consultant. According to the data, office space leasing stood at 8.6 million sq ft during 2016 compared… Read More »
To expand its storage capacity in India, Amazon had opened its largest Fulfilment Centre in Sonipat, Haryana. US-based e-commerce giant Amazon took about a million square feet of office spaces on lease last year, making it equal to what it took between 2008 and 2015 in the country. Founder and chief executive Jeff Bezos said last… Read More »
In a deal that is could lead to Thomson Reuters likely shifting its India headquarters to One Indiabulls Center in Mumbai, the company has recently leased 32,416 square feet office space in the commercial building in Lower Parel, Mumbai, according to two people in the know of the development. The office space, at the 12th… Read More »
Is limited supply in the office market space leading to high rentals? Market seems to indicate that commercial rental market is likely to peak anywhere between 5 and 12 per cent due to limited supply. Developers who have invested in commercial projects also said that they are seeing significant enquiries from prospective tenants with some of… Read More »
The formation of Real Estate Investment Trusts (REITs) will help in expansion of the quality real estate in India, besides giving developers another instrument to execute their projects. REIT is going to become a reality next 12 months after recent decision of market regulator SEBI. These listings will provide retail investors a good and an… Read More »
Tech companies absorbed almost 60% of the fresh office lease in Noida last year, thereby continuing to fuel real estate growth in this emerging market, a report by a property consultant, India, revealed. The office-absorption report by the real estate researcher further stated that a total of 7,06,063 square metres of office space was absorbed in… Read More »
As much as 229 million sq ft of office space in India is compliant with REIT (Real Estate Investment Trusts). Even if half of this space were to get listed in the next few years, the total REIT listing could be worth Rs 1.25 trillion. The first REIT listing is expected by June 2017. Well-known… Read More »
If demonetisation severely impacted the residential real estate segment in 2016 with sales dropping by 9% from 2015, the commercial real estate segment, backed by demand for office space, saw sales climbing 9% in 2016 over the previous year, according to real estate consulting firm. In a report, the property consultant said the year witnessed… Read More »
Bringing another feather in the cap of IT and start-up hub Bengaluru, it has been rated as the world’s most dynamic city in the annual report. By doing so, it outranked US cities such as Silicon City (3), Austin (7) and Boston (9). Apart from Bengaluru, Hyderabad (5), Pune (13), Chennai (17), Mumbai (25) and… Read More »
A property consultant expects the demand for office space to stay strong in 2017 on the back of low supply and lack of availability of Grade A office spaces. It also expects more companies using co-working spaces to adopt a flexible working strategy. According to the agency, while supply in 2017 is expected to remain… Read More »
