Anniversory Offer

    Commercial realty regains pristine glory

    Commercial Realty
    According to a recent report by real estate consultancy firm CBRE, the commercial real estate recorded a growth of 46% in office space take-up on a quarter-on-quarter basis. The growth primarily led by the Delhi, National Capital Region (NCR) and Bengaluru, which accounted for almost 50% of the total space absorption.

    The firm in its India Office MarketView said that 10.2 million sq. ft. of office space was absorbed during the April-June 2016 quarter. Similarly, on the supply front, nearly 7 million sq. ft. of fresh office space came into the market during this period. Hyderabad and Mumbai together led supply addition, accounting for 65% of the total supply of fresh office space across leading cities during the quarter. The report added that 17 million sq. ft. of corporate real estate was absorbed across the leading cities between January and June 2016, translating to a marginal rise of 6 per cent over the same period in 2015 when absorption stood at 16 million sq. ft. This is largely due to the recent policy announcements by the government and a stable domestic scenario contributed to attract investments into the country's real estate sector, said chairman and managing director of CBRE South Asia, Anshuman Magazine.
    CURRENTLY ONLINE
    We have 332 guests and no members online

    NBM&CW

    New Building Material & Construction World

    New Building Material & Construction World
    MGS Architecture

    Modern Green Structures & Architecture

    Modern Green Structures & Architecture
    L&ST

    Lifting & Specialized Transport

    Lifting & Specialized Transport
    II&TW

    Indian Infrastructure & Tenders Week

    Indian Infrastructure & Tenders Week