The year 2016 has already witnessed a high demand in commercial spaces across major cities. E-commerce joints, IT segments, banking and financial sector are the main drivers in this segment. According to experts, domestic and global firms see India as the top market to expand their business. Globally positioning India as an investment destination and improving international ties by PM-Narendra Modi, India has attracted high FDI investments and more countries are ready to do commerce with India. Also, ‘Housing for All’ fuels commercial realty in India.
India’s office space absorption increased tremendously in 2015, as compared to the year 2011. Good days are returning for office real estate and commercial leasing and tenants will remain in an expansionary mode. The demand for all space on the same floor is rising by the occupiers and they are on the lookout for larger spaces. In continuity developers are constructing bigger floor plans to meet their demands. [Read more…]