Office Space Absorption drops down in Delhi/NCR

Delhi/NCR is one of the most important markets when it comes to office spaces and other types of commercial real estate. However, according to a report by Cushman & Wakefield, the office absorption in the market has come down by 57% in the first quarter of 2015. the corporates. Experts suggest that this decline has been due to the delay in decision making by

Office Space Absorption drops down in Delhi NCRBut since the demand is still strong, it seems like that the office absorption is going to get a push in the north direction in the coming quarters. Except for the market of NCR, the office space absorption in other cities like Bengaluru, Chennai and Hyderabad has seen an upward trend of up to 35 percent. The highest demand has come from the IT/ITES sector. [Read more…]

Property Prices Drop in South and Central Delhi

Noida and Gurgaon are the two major property markets of Delhi NCR that have been witnessing tremendous growth over the past decades. But the real estate market of Delhi has not been performing very good. Zee News reported real estate consultant JLL India’s report that showed that the property prices in some of the popular residential colonies of the national capital have seen a downward trend. Property Prices Drop in South and Central DelhiThe dip has been up to 20%. This trend was shown in the prime localities like Jor Bagh, Vasant Vihar, Defence Colony and other parts of South and Central Delhi. The property prices South delhi and Central Delhi locations has fallen down by 15-20 per cent in 2013.

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