Category Archives: City

Propstack Insights: Pune average Yields – PBD West consistently best performing market

Pune office rentals have been on an upswing due to limited availability coupled with steady demand for quality office space. Therefore Pune’s office average yield is increasing every year. Propstack analyzed the rent-yielding micromarkets. PBD west offers the highest yield for prime office space. *Yield mentioned is Gross Yield *Grade A office data only For more details login to office.propstack.com

Propstack Insights: Snapshot of Office CAM charges in India

A CAM (Common Area Maintenance) charge is an additional cost, added to the base rent, paid collectively for the maintenance of the commonly owned premises such as the parking lot, lawns, corridors, lobbies, elevators, etc. Propstack compared CAM fee across top cities in India to assess the micromarkets with highest CAM fee. Rest of Gurgaon… Read More »

Propstack Insights: Mumbai’s Furnished plug-n-play Offices Snapshot

The demand for a furnished plug and play office space in Mumbai is increasing steadily, average rentals for the furnished offices have however declined. Propstack observed that the number of furnished transactions increased by average 16% y-o-y, whereas the rentals have decreased by average 4%. *Grade A office data only and includes renewals For… Read More »

Propstack Insights: Top Occupiers have preferred Non- CBD locations in 2017

Occupiers across cities prefer taking up office spaces in SBDs and PBDs. The transition is driven by occupiers demand for affordable rents, Grade A offices, expansion space and transit-served markets. Propstack analysed > 25,000 sf deals in 2017. SBDs outshine CBDs. > 25000 sf Deals total area – 2017 (in msf) *Grade A… Read More »

Propstack Insights: Pivotal role of IT Parks in Chennai – 2015-2017 analysis

With the recent news, 20-acre IT Park to be built in Chennai by Hiranandani Group, the city is on its way of being the next IT hub of the country. Strong leasing activity has fueled the absorption in Chennai IT parks, contributing more than fifty percent of the total. Steady increase in annual average rent… Read More »

Propstack Insights: Y-o-Y Office Supply Highlights: 2016-2017

The office construction completions slows in HY1 2017, with 6.7 msf delivered across cities, down by 48% compared to H1 2016. New completions across top 7 CRE markets. *Grade A office data only To get more CRE insights login to www.propstack.com

Propstack Insights : Office Lease Expiries in H2 2017 – South India

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 »

Propstack Insights: Office Leasing Trends – H1 2017 v/s H1 2016

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 »

Propstack Insights : Propsense Q2 2017 Released

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 »

Propstack Insights: Developer Loans cross 1 lakh crores in 2017

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 »