Tag Archives: Office Demand

Co-working gathers ground as startups look for affordable work spaces

With startups looking at affordable work spaces and central government creating an enabling environment for entrepreneurship, demand for co-working spaces has gone up. For a tech startup, cost of setting up an office in Mumbai, Delhi and Bengaluru range from $25,359 to $30,081 per annum, while operating out of co-working space would help these startups save… Read More »

Tech giants rush to snap up scarce office space

Shortage of quality office space in big Indian cities has pushed up pre-commitments or reservations of property even before it is ready, among retail and technology giants, by as much as 50% in the past six months, according to real estate consultants. IT companies like Apple, GEP Solutions, GCI and Here Solutions have made pre-commitments for… Read More »

Commercial realty’s current demand recovery more sustainable than seen in 2011

The recovery in demand for commercial real estate being witnessed across the country since 2015 more sustainable and long-term in comparison with the one witnessed in 2011 as the office space absorption has now been growing on the back of combination of lower rents and a positive economic outlook, said a report. This is unlike the… Read More »

Commercial real estate going strong but investors cautious

While commercial real estate continues to record healthy pick-up, investors are still approaching the segment with caution. Private equity players and other investors believe that the euphoria around current growth may also lead to certain investment mistakes as was the case in the previous cycle between 2005 and 2008. In the past three years, about $1.6… Read More »

Startup firms boost commercial real estate

Startup firms are giving a boost to the commercial real estate  business, which is saddled with huge inventories in major cities. India is the third largest startup destination in the world. Though their demand for space is much less than that of large companies and their ability to pay much less, “these emerging startup business enterprises… Read More »

Land at Rs 1 per year for offices, govt hospitals in Delhi

Taking away a major complaint of the Kejriwal government on non-availability of land for hospitals, night shelters or government offices, the Centre on Monday announced that DDA will provide plots for such facilities at Re 1 per annum. Announcing the lease rates for land for institutional purposes on Monday, urban development minister M Venkaiah Naidu said… Read More »

Gujarat, 5th in India in number of unoccupied non-residential premises

Gujarat is not only ranked fourth in the country in number of vacant residential premises but is also ranked fifth in number of vacant non-residential units. The union territory of Delhi tops the list of cities with the maximum number of unoccupied commercial units. In Delhi, 16.2% of commercial premises are vacant. The union territory… Read More »

Chennai’s IT & ITeS ecosystem loses the office space race

Chennai’s four-lakh employee-strong IT and ITeS ecosystem is losing the race – albeit momentarily – to manufacturing and consulting firms that are briskly occupying office spaces during the first half of the current calendar year. Companies such as Renault Nissan, Ford, and other auto-component and ancillary firms and consulting firms like EY took lakhs of sq… Read More »