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 »
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 »
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
The real estate sector in India is expected to attract an investment of around $7 billion in 2017, while the figure is expected to touch $10 billion by 2020, according to CBRE South Asia. Anshuman Magazine, Chairman, India and South East Asia, CBRE said, “With 2016 being the year of landmark decisions for the Indian… Read More »
