HIGH­LIGHTS OF OF­FICE SPACE MAR­KET IN 2015

HT Estates - - HTESTATES -

De­mand for cor­po­rate of­fice space in In­dia’s lead­ing cities firmed up in 2015

A num­ber of lead­ing cor­po­rate oc­cu­piers moved into qual­ity of­fice de­vel­op­ments across lead­ing cities

The IT/ITeS, bank­ing and fi­nan­cial ser­vices, and en­gi­neer­ing sec­tors con­tin­ued to drive de­mand for cor­po­rate of­fice space across lead­ing cities Cor­po­rate oc­cu­pier leas­ing re­mained strong in the sub­ur­ban/pe­riph­eral mi­cro-mar­kets of lead­ing cities like Gur­gaon and Noida in Delhi NCR; White­field and Outer Ring Road in Ben­galuru; Raidurga in Hyderabad, OMR in Chen­nai, Thane and Navi Mum­bai in Mum­bai; and Ra­jarhat in Kolkata

Rental val­ues of cor­po­rate real es­tate across key mi­cro-mar­kets in the lead­ing cities saw a sig­nif­i­cant y-o-y in­crease due to non-avail­abil­ity of qual­ity ready-to-move-in of­fice spa­ces

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