Small variations in rentals per square foot make a huge difference in monthly rental outflows for a Corporate Occupier. This quarter at Propstack, we observed such a trend within the primary NCR occupier markets of Gurgaon and Noida. Contrary to expectation, the lowest and the highest warmshell rentals for deals signed in Q2 2017 were… 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 »
The Peripheral Business Districts (PBDs) have always been a choice for companies looking for large affordable spaces. Central Business District (CBD) locations – which have been the hub of business activity have mostly been touted as the costliest locations for commercial leasing. We tried to compare the rental difference between CBD and PBD micromarkets for… 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 »
With the demand for office space increasing, the average commercial real estate supply in top Indian cities is expected to be at 40-45 million sq ft per year until 2020, says a new report. The report, ‘Commercial Office Real Estate: Positive Disruptions- Beacons of Change’, was released here on Thursday by Cushman & Wakefield. It… Read More »
Mori Building Company, one of Japan’s largest real estate developers, is planning to enter India this year, two people close to the development told ET. The $2.25-billion Tokyo-based property investment firm is planning to develop and manage commercial properties in India and could even tie up with a domestic player. “Mori had conducted a market… Read More »
High hopes are pinned on Real Estate Regulation Act (RERA) as it is yet to be implemented in West Bengal. However, several consumers, who have been facing problems in getting the possession of their property feel that they will soon see better opportunities. Anshu Ruia (34) had put in his hard-earned money into DLF Galleria… Read More »
The realty-focused investment unit of global private equity firm KKR & Co. LP invested about Rs1,000 crore in three real estate projects last month, two people aware of the investment said. KKR India Asset Finance Pvt. Ltd invested about Rs500 crore in a township project of Bhartiya City Developers Pvt. Ltd in Bengaluru, Rs200 crore… Read More »
The year started on a high-note for CRE industry in Mumbai. More than 2.5 msf of space was leased in Q1 2017. Western and Eastern Suburban locations together contributed to nearly 50% of the leasing in first quarter. *Grade A data only and Includes renewals To get more CRE market insights login to www.propstack.com
