RECENT RESEARCH
India witnessed robust leasing volume for the second consecutive quarter in 2018 with about 12.6 million sq ft (1.2 million sq m) of total leasing volume driven by expansion from technology occupiers.
City reports: Bengaluru | Chennai | Delhi | Hyderabad | Kolkata | Mumbai | Pune | Gurugram | Noida
The National Capital Region (NCR), is consistently the second largest office market with 20% share of the annual nationwide leasing volume over the past five years
Full adoption of blockchain technology in Indian real estate may appear a remote possibility, however, low transparency provides an incentive for adoption of blockchain rather than an obstacle.
The first quarter of 2018 has started on a positive note with a 23% YoY increase in the gross office take-up in India. We recorded approximately 11.4 million sq ft of gross absorption in Q1 2018.
City reports: Bengaluru | Chennai | Delhi | Hyderabad | Kolkata | Mumbai | Pune | Gurgaon | Noida
More than 40.0 million sq ft of new supply is scheduled for completion by 2020 to qualify for income tax benefits in SEZs, it seems unlikely that all the projects will be completed by then.
While general expectations were tilted towards a more populist Budget, the objectives of the Union Budget 2018-19 were to provide an impetus to economic growth through extensive capital outlays in the agriculture, infrastructure, manufacturing, education and healthcare sectors, and ensure credit availability for businesses.
The year 2017 witnessed a pan-India leasing volume of ~42.8 million sq ft (3.9 million sq m), excluding renewals and pre-commitments, which is marginally up from 2016 absorption level (~41.6 million sq ft in 2016).
City reports: Bengaluru | Chennai | Delhi | Hyderabad | Kolkata | Mumbai | Pune | Gurgaon | Noida
Artificial intelligence (AI) and automation pose a long-run threat to demand for space. However, they will also support high-value human roles and drive productivity. Together, AI, the Internet of Things and alternative workplace solutions will transform the office.
India offers a great opportunity for coworking space operators to profit from rising demand for flexible, innovative and collaborative workspace designs. Although it represents only a small share of the total leasing demand, coworking operators are planning to lease 8 to 9 million sq ft by 2020.
