‘Office leasing in Q3 up 2% in 8 cities at 10.4 mn sq ft’

NEW DELHI: Office space leasing increased marginally during July-september period in eight major cities at 10.4 million sq ft on higher demand from corporates from Europe, Middle East and Africa, according to property consultant CBRE.

"Leasing activity remained strong during the quarter, with office space take-up rising marginally by 2 per cent quarter-on-quarter to touch 10.4 million sq ft," CBRE said in its report 'India Office Q3 2017'.

The eight major cities covered in this report are DelhiNCR, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru, Pune and Kochi.

The consultant noted that there was increased interest from EMEA (Europe, Middle East, Africa) corporates for India and their share of office space leasing rose to 14 per cent during July-september period from 9 per cent in the previous quarter.

"India's prime office market is evolving at a rapid pace.

Occupier strategies continue to focus on consolidation/ expansion as well as cost and greater flexibility of office space," said Anshuman Magazine, Chairman India and South- East Asia, CBRE.

The co-working and shared office space formats are also gaining momentum and influencing the market to some extent, he added. MUMBAI: Top stock exchange NSE has decided to discontinue advance collection of service charges, including transaction fee related to cash market, equity derivatives as well as currency derivatives segments, from this month.

Besides, the exchange would not collect in advance annual charges for applications related to connectivity and co-location.

The move is effective for all new requests from October 2017, a circular issued by NSE said. The exchange has decided to discontinue advance collection of service charges "to improve member experience and based on members' feedback".