Corporates are moving towards promoting interactive and collaborative work culture, reducing the share of cubicles or individual work spaces to just about 5% today, from as high as 25% a decade ago, according to an international property consultancy. Consequently, ‘open plan seating’ in offices, which was merely about 25% of the floor plan earlier, has… Read More »
Capital values for offices in the City of London dropped 6.1 percent in July from a month earlier, in the aftermath of Britain’s vote to leave the European Union, a real estate firm said on Monday. Capital values for offices in central London and the rest of the UK dropped by 4.1% and values for all… Read More »
India’s real estate is back on the radar of global investors and institutions with the country emerging as the other significant investment option in the wake of China slowing down, said Henry Chin, head of research for Asia Pacific at property advisory firm CBRE. “The Modi government has played the role of a very good catalyst… Read More »
Enthused by the entry of technology majors such as Google and Apple, the demand for commercial office space in Hyderabad is expected to remain strong and could see upward momentum in 2016-17 boosting the number of leasing transactions, says a property consultant. Hyderabad is expected to see addition of nearly 16 million square feet of new… Read More »
At 127 million sq ft, Bengaluru remains India’s top corporate real estate market. The city’s overall commercial office stock stands at approximately 127 million sq. ft.; compared to other prominent commercial hubs such as Delhi National Capital Region (NCR) (95 million sq. ft.) and Mumbai (87 million sq. ft.), according to a report by CBRE.… Read More »
According to a survey by property consultancy CBRE, India remains a top expansion destination for corporate real estate occupiers, along with South East Asia and China. It also points out that cost management and employee engagement are key issues for multinational corporations today. “Asia Pacific remains a key growth market for multinational companies but the… Read More »
DLF, India’s largest real estate company, is targeting to increase its CRE (office and retail) supply to 36-40 million sft in the upcoming years. Presently, its office and retail space covers around 31 mn sft, of which 2 mn is vacant. The developer has planned to add 4 mn sft of new office space in… Read More »