New Delhi [India], October 18 (ANI): Demand for industrial and warehousing-related real estate witnessed a 9 per cent rise on a year-on-year basis with a total gross absorption of 17.5 million square feet across top cities in India, said Nasdaq-listed diversified professional services and investment management company, Colliers.
Mumbai (Maharashtra) [India], October 6 (ANI/PRNewswire): Real Estate Due Diligence can capture a slice of the 300 mn sq ft pie of existing and upcoming commercial office buildings. The top 6 cities (Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, Pune) are seeing a strong pipeline of office buildings in the next 2-3 years, with about 180 mn sq ft of Grade A office stock in various stages of construction. At the same time, these top cities have Grade A office buildings of about 120 mn sq ft that can be refurbished. Developers and investors are seeking professional expertise to evaluate their upcoming projects and solutions for the upgradation of their existing ageing buildings, as per Colliers' latest report 'Technical Due Diligence: Risk-proofing Realty'. The office stock of about 180 mn sq ft in various stages of construction, to be completed in the next 2-3 years and the ageing office stock of about 120 mn sq ft has an opportunity to be upgraded.
Pune (Maharashtra) [India], September 16 (ANI/PRNewsire): Grade A office absorption in Pune is expected to touch 5.5 million sq ft during 2022, a likely 53 per cent increase from last year when demand was marred by the lockdowns. Occupier confidence is back in the market, with demand backed by Flex, Consulting and Tech occupiers. Office space leasing jumped five-fold to 3.5 mn sq feet YoY in H1 2022. Flex operators led the demand at 34 per cent share in total leasing, leased 1.2 mn sq feet of space in the city. Vacancy levels declined 50 basis points amidst robust demand; rentals set to improve.
Mumbai (Maharashtra) [India], December 28 (ANI/PRNewswire): Occupier confidence has improved in the latter half of 2021 with occupiers closing large office deals, cementing the resilience of the sector and the underlying importance of offices.
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