DSG, Inc., leading provider of eClinical technology solutions, data management, professional services and customer support recently opened a new office in Bangalore, India, to accommodate rapid growth and better serve client needs. DSG’s Bangalore office will complement its existing facility located in Noida, India. DSG Bangalore’s state-of-the-art facility will occupy a floor in the Prestige Shantiniketan… Read More »
Demand for office space in Hyderabad outpaced supply in 2016, surging to the highest level since 2011 as large multinational firms expanded their presence in the city. According to a property consultancy firm, about 5.6 million sq ft of office space was leased in the city during the year, up 37% from a year ago.… Read More »
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 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 to 9.4… Read More »
Bengaluru remained on a high growth trajectory and maintained its leading status among the key cities, by retaining a 31% share of the total occupier demand, followed by Delhi-NCR (18%.) Hyderabad and Chennai stood on 13% each, while Mumbai, Pune and Kolkata accounted for 14%, 9% and 2%, respectively, of the overall leasing volume. In… Read More »
Global real estate transaction platform Square Yards on Thursday announced expansion of its operations in Melbourne, Australia. After Australia, this is the company’s second office at Sydney, located at 600 Bourke Place, Bourke Street, Melbourne, Victoria 3000. “Square Yards’ ground presence in Melbourne will help it tap better into the real estate industry of Australia, that… Read More »
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 »
