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 »
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 »
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
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. *Grade A data only and Includes renewals To get more CRE market insights login to www.propstack.com
Lets re-look at our past ten infographic highlights for the Indian CRE Market. Bangalore to witness more than 9 msf of lease expiries in 2017 Demonetization impacts Mumbai office sales negatively 10,000+ sf deals dominate Gurgaon absorption in 2016 3,000 Crores (~ $ 0.5 Bn) annual rents expiring across India in 2017 2.6 msf lease… Read More »
