Bringing another feather in the cap of IT and start-up hub Bengaluru, it has been rated as the world’s most dynamic city in the annual report. By doing so, it outranked US cities such as Silicon City (3), Austin (7) and Boston (9). Apart from Bengaluru, Hyderabad (5), Pune (13), Chennai (17), Mumbai (25) and… Read More »
A property consultant expects the demand for office space to stay strong in 2017 on the back of low supply and lack of availability of Grade A office spaces. It also expects more companies using co-working spaces to adopt a flexible working strategy. According to the agency, while supply in 2017 is expected to remain… Read More »
The e-commerce boom seems to be over as far as real estate space absorption is concerned in Bengaluru. Although Bengaluru witnessed a strong growth in office market transactions in 2016 with the absorption of 11.4 million sq ft, the share of e-commerce in the total office space declined drastically. The share of e-commerce was just… Read More »
Gurgaon remained the preferred choice for opening offices in the National Capital Region (NCR) among companies, grabbing 51% share or 3.88 million square feet of the total office space leased in the region in 2016, according to a property consultancy. Noida and Delhi accounted for about 36% and 13% share, respectively, out of the total… Read More »
Globally, real estate is recognized as a sector which has the most economic linkages. In India, realty is the second largest employer after agriculture and is slated to grow at 30% over the next decade as the number of Indians living in urban areas is set to increase from 434 million in 2015 to 600… Read More »
Property market, long considered a black money safe haven, seems to have taken a big hit from demonetisation, with developers seeing their sales drop by about 50 per cent in the last three months and now pinning their hopes on buyers coming to market with ‘white money’. The genuine buyers in the residential market, on… Read More »
Realtor Hiranandani Group is looking to ramp up its commercial portfolio by 10-15% annually over the next five years through new projects. The Mumbai-based developer will be adding five million sq ft in the two years ending December 2017 in Mumbai Metropolitan Region (MMR) and Ahmedabad. The group is also planning to develop a 250-acre… Read More »
The adverse impact of demonetisation on the real estate sector towards the fag end of the year notwithstanding, the year 2016 witnessed a 9 per cent jump in office space leasing. While the information technology-enabled services (ITeS) sector was a big driver for projected growth in the coming months, there could be some challenges ahead,… Read More »
Chinese investment around the world surged over the past decade, expanding from an early focus on natural resource extraction and energy in developing countries to broader industries and advanced products and services in developed markets. In 2014, Chinese outward foreign direct investment (FDI) totaled $116 billion, and approximately $18.1 billion flowed into the United States.… Read More »
Leasing during the 4th quarter was mainly led by Bengaluru and Delhi NCR, accounting for more than 50% of the total traction, followed by Pune and Mumbai. Quarterly leasing almost doubled, with Gurgaon continuing to lead leasing activity in the NCR, constituting a share of 61%. Rents across micro-markets remained stable with the exception of… Read More »