Big Bytes

India office property market overview April 2015

Colliers International’s India office property market overview April 2015. Among all the major markets, Bengaluru office market remains in the “sweet spot” in terms of supply-and-demand fundamentals. About 2 million sq ft of office space is expected to witness completion next quarter, out of which about 0.2 million sq ft is already committed. This steady increase in development activity and greater domestic and foreign investor interest in office market should result in additional occupancy and rent growth. Apart from this in Gurgaon many RFPs are floating and I anticipate an increase in office absorption in the near future. The Institutional sectors like Sector 32 and 44 will continue to remain preferred office locations due to location advantages and competitive rentals.
Also micro-markets such as NH-8, DLF Cyber City, Golf Course Road and Sohna Road has witnessed 5 – 10% appreciation in rental values due to high occupancy rates in properties in these micro-markets, and the fact that these are currently the preferred locations of occupiers. Absorption has increased, especially in Special Economic Zones, as a number of large format deals have been concluded in trailing 12 months and many are in the pipe line and expected to be concluded in the coming quarters” says Vikas Kalia, National Director, Office Services.
In response to tenant demand, the strongest markets (namely Bengaluru and Gurgaon) will witness development of new stock. According to the report finding expanding economy, improving businesssentiment and increasing job creations will keep the momentum in demand for office real estate in 2015.

Leave a Reply

You may also like:

Generic

CREDAI Hyderabad checks into a new Office

The new office to have dedicated space to focus on Skill Development for members and their technical and marketing work force for enhancing efficiency & effectiveness. Hyderabad 28th May 2017 – CREDAI Hyderabad formally announced the launch of their New Office at Lumbini Mall, Road No 2, Banjara Hills . The new premises was inaugurated by Sri Etela […]

Read More
Generic

3 BHK Apartments in Velacherry, Perungudi, Chennai

Falling Waters, luxury apartments is the newest project in Perungudi, OMR. This project consists 2, 3 and 4BHK apartments ranging from 1434 sq.ft to 3365 sq.ft, giving a spacious home. The terrace gardens, auditorium, mini theatre, gymnasium and infinity swimming pool are the highlights of Fallling Waters. Phone: 81445 99599 / 95001 21234 Address: Falling […]

Read More
Generic

Gated Communities in Bangalore

Gated Community Development Gated Community Development is a relatively recent concept in real estate usage. Its name owe its origin to the integrated housing colonies which are surrounded by perimeter fencing and with watch and ward personnel manning the gates and regulating the entry and exit of outside visitors with no place for the visitors […]

Read More