Connaught Place Bags 7th Rank on World’s Costliest Office Locations

Asia is well known all over the world for its large population, talent pool and market opportunities among many other factors. In this regard, a survey by a property consultant CBRE has exhibited Asia to dominate the list of world’s most expensive office locations with seven of the top 10 markets. Consequently, commercial real estate of Delhi/NCR has always been eyed by global as well as foreign investors.

Connaught Place Bags 7th Rank on World’s Costliest Office Locations

Connaught Place Bags 7th Rank on World’s Costliest Office Locations

Connaught place is treated as the heart of Delhi. Among the Delhiites, it is popularly known as C.P. Built in 1931, Connaught Place showcases the touch of British architecture. Its well-planned structure makes it one of the best commercial markets in Delhi. The charm and magic of Connaught Place is still the same even after so many years. People of all age and class come to spend their quality time in CP with their near and dear ones. It is an amazing place for shopping, business and entertainment. [Read more…]

Demand for Commercial Space on the Rise across Top Indian Markets

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.

Demand for Commercial Space on the Rise across Top Indian Markets

Demand for Commercial Space on the Rise across Top Indian Markets

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…]

CBRE Reports a Substantial Rise in Corporate Office Space in Delhi/NCR

The entire National Capital Region (NCR) along with capital city Delhi is rapidly rising as the hotspot for commercial real estate developments. The major influx of multinational companies and other big domestic firms is the main reason behind this increase in corporate office demand. As offices are coming up in every nook and corner of Noida, Gurgaon, Delhi and Greater Noida, more people are looking for housing accommodations in these areas. This is resulting in a rapid increase in the demand for residential development as well.CBRE Reports a Substantial Rise in Corporate Office Space in DelhiNCR

According to the reports prepared by the consultancy firm CBRE, the corporate office take up in the National Capital Region has witnessed a whopping 70 per cent upward movement as opposed to the June quarter of the last year. The office space take up was followed by the real estate requirements of the ecommerce industry.

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