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Hub You - Delhi Real Estate: Booming Business
Global demand of man made fibreWorld demand for manufactured fibres is projected to increase 5.4 per cent annually to about 44 million metric tons in 2005, valued at US$120 billion. Manufactured fibres will continue to increase their market share at the costs of natural fibres expanding to nearly two-thirds of total mill fibre consumption in 2005 based on expanding applications in apparel and home furnishings, as well as continuing strength for synthetics in tufted carpeting and industrial applications.I
The SBD, including Nehru Place, Basant Lok, Vasant Vihar, Saket and Bhikaji Cama Place witnessed approx. 406,850-sq. ft. of office space leased out.Because of increased commercial demand, rentals have increased substantially i.e. by as much as 60% in SBD, as well. The completion of the 200,000 sq. ft. Eros Corporate Towers has increased accommodation options in the area.
The commercial market dominated by the IT/ITES sector accounts for approximately 80% of the total commercial space absorption in India. Expected to grow by 30-35% in the next 3-5 years, it c
Temporary financial help works toward helping the beneficiary achieve a non-dependent status after a period of time. Temporary financial help includes those programs geared towards low-income individuals, students, and persons with medical needs.Most common type: Livelihood helpLivelihood financial help generally aids low-income individuals while they seek better-paying jobs or sources of income. These programs are not meant to be long-term solutions to the problem of poverty. Instead, they merely provid
“The office market has primarily been driven by the IT / ITES sector which accounts for about 75% of the total office absorption in NCR,” said Ankur Srivastava, Managing Director, DTZ Debenham Tie Leung India.
Numerous factors have contributed to this increasing commercial demand in the NCR region, which has edged over most Indian cities in the demand for commercial property due to its improved connectivity, better infrastructure and availability of skilled human resource. The forthcoming CommonwealthGames have seen transportation, hotel accommodation, security and all other supporting infrastructure in the region getting a boost, while the information technology (IT) market remains the highest in Delhi.
Gurgaon, one of Delhi’s four major satellite cities in the northern Indian state of Haryana, accounted for about 63% of the total absorption of commercial space with a total of 3.2-million sq. ft. in the first six months of the year. Over 4.4-million sq. ft. of office stock has been leased over the past 12-months. Due to the increased demand and shortage of supply in the short term, entals have increased by 44% in the past year in thisregion. This year notable Gurgaon transactions in Gurgaon included IBM
leasing 500,000-sq. ft., SAP leasing 100,000-sq. ft., Satyam leasing 85,000-sq. ft. and PWC leasing 75,000-sq. ft. IBM currently has a totalcommitment of about 8,00,000-sq. ft. of leased space in Gurgaon.
At the same time, the Central Business District (CBD) and Secondary Business Districts (SBD) are attracting corporates due to their improved connectivity and attractive location. The CBD (Connaught Place) with limited supply of Grade A space has itnessed absorption of only 81,800-sq ft. this year, and it is banks, financial institutions and consultancy firms with a high consumer orientation that dominate this demand. Due to limited supply and increasing commercial demand, rental values have increased by as much as 51%in the past one year, touching Rs. 250 (US $5.4) per sq. ft. in some buildings. Key leasing transactions in the past quarter included Thales taking up 12,000-sq. ft. and Times Now taking up 8,000-sq. ft.
The SBD, including Nehru Place, Basant Lok, Vasant Vihar, Saket and Bhikaji Cama Place witnessed approx. 406,850-sq. ft. of office space leased out.Because of increased commercial demand, rentals have increased substantially i.e. by as much as 60% in SBD, as well. The completion of the 200,000 sq. ft. Eros Corporate Towers has increased accommodation options in the area.
The commercial market dominated by the IT/ITES sector accounts for approximately 80% of the total commercial space absorption in India. Expected to grow by 30-35% in the next 3-5 years, it ca
Insurance companies are having to assist their clients to learn and implement far reaching changes to the properties. They are offering to help people get their homes secured, making necessary modifications to shore up flood protection and strengthen building structures against storms and hurricanes. Insurers are also increasingly willing to foot the bill for some of these modifications.The industry has finally realized that to survive, it needs to take an active role in helping the people it provides with cove
Gurgaon, one of Delhi’s four major satellite cities in the northern Indian state of Haryana, accounted for about 63% of the total absorption of commercial space with a total of 3.2-million sq. ft. in the first six months of the year. Over 4.4-million sq. ft. of office stock has been leased over the past 12-months. Due to the increased demand and shortage of supply in the short term, entals have increased by 44% in the past year in thisregion. This year notable Gurgaon transactions in Gurgaon included IBM
leasing 500,000-sq. ft., SAP leasing 100,000-sq. ft., Satyam leasing 85,000-sq. ft. and PWC leasing 75,000-sq. ft. IBM currently has a totalcommitment of about 8,00,000-sq. ft. of leased space in Gurgaon.
At the same time, the Central Business District (CBD) and Secondary Business Districts (SBD) are attracting corporates due to their improved connectivity and attractive location. The CBD (Connaught Place) with limited supply of Grade A space has itnessed absorption of only 81,800-sq ft. this year, and it is banks, financial institutions and consultancy firms with a high consumer orientation that dominate this demand. Due to limited supply and increasing commercial demand, rental values have increased by as much as 51%in the past one year, touching Rs. 250 (US $5.4) per sq. ft. in some buildings. Key leasing transactions in the past quarter included Thales taking up 12,000-sq. ft. and Times Now taking up 8,000-sq. ft.
The SBD, including Nehru Place, Basant Lok, Vasant Vihar, Saket and Bhikaji Cama Place witnessed approx. 406,850-sq. ft. of office space leased out.Because of increased commercial demand, rentals have increased substantially i.e. by as much as 60% in SBD, as well. The completion of the 200,000 sq. ft. Eros Corporate Towers has increased accommodation options in the area.
The commercial market dominated by the IT/ITES sector accounts for approximately 80% of the total commercial space absorption in India. Expected to grow by 30-35% in the next 3-5 years, it c
As part of the government’s commitment to assist its constituents in areas of development, a number of guaranteed banks and other lending institutions are now offering loan programs to people or sectors which are covered by the guaranteed loans program. What is a guarantee loan program of the government?Guaranteed loan programs of the government are those programs that allow certain groups of people or sectors to get loans from financial institutions like banks and lending companies under government guarantees.
leasing 500,000-sq. ft., SAP leasing 100,000-sq. ft., Satyam leasing 85,000-sq. ft. and PWC leasing 75,000-sq. ft. IBM currently has a totalcommitment of about 8,00,000-sq. ft. of leased space in Gurgaon.
At the same time, the Central Business District (CBD) and Secondary Business Districts (SBD) are attracting corporates due to their improved connectivity and attractive location. The CBD (Connaught Place) with limited supply of Grade A space has itnessed absorption of only 81,800-sq ft. this year, and it is banks, financial institutions and consultancy firms with a high consumer orientation that dominate this demand. Due to limited supply and increasing commercial demand, rental values have increased by as much as 51%in the past one year, touching Rs. 250 (US $5.4) per sq. ft. in some buildings. Key leasing transactions in the past quarter included Thales taking up 12,000-sq. ft. and Times Now taking up 8,000-sq. ft.
The SBD, including Nehru Place, Basant Lok, Vasant Vihar, Saket and Bhikaji Cama Place witnessed approx. 406,850-sq. ft. of office space leased out.Because of increased commercial demand, rentals have increased substantially i.e. by as much as 60% in SBD, as well. The completion of the 200,000 sq. ft. Eros Corporate Towers has increased accommodation options in the area.
The commercial market dominated by the IT/ITES sector accounts for approximately 80% of the total commercial space absorption in India. Expected to grow by 30-35% in the next 3-5 years, it c
There is an old saying that cats have nine lives.Legend has it that Baldwin III, Count of Ypres, threw some cats from a tower in AD962. Europe was a tough place for cats in those days. But the more simplistic answer is that cats are resilient creatures, who manage to get into the tightest places and still land on their feet. Most have split personalities, suffering from eternal schizophrenia. One minute they’re cuddling up to you like a warm, furry ball. The next they’re arching their back and hissing, afra
The SBD, including Nehru Place, Basant Lok, Vasant Vihar, Saket and Bhikaji Cama Place witnessed approx. 406,850-sq. ft. of office space leased out.Because of increased commercial demand, rentals have increased substantially i.e. by as much as 60% in SBD, as well. The completion of the 200,000 sq. ft. Eros Corporate Towers has increased accommodation options in the area.
The commercial market dominated by the IT/ITES sector accounts for approximately 80% of the total commercial space absorption in India. Expected to grow by 30-35% in the next 3-5 years, it c
Touch points are one of the keys to sales success. You have a schedule that includes many places on a daily basis to keep in touch with your customers. On top of this contact, you should also plan to have a general contact to everyone on your list at the end of every month. This contact can be in the form of a mailer or an email letter. The intent is to let your customers know what great things happened to you and the business this past month. What activities you participated in and possibly the charitable donations t
The SBD, including Nehru Place, Basant Lok, Vasant Vihar, Saket and Bhikaji Cama Place witnessed approx. 406,850-sq. ft. of office space leased out.Because of increased commercial demand, rentals have increased substantially i.e. by as much as 60% in SBD, as well. The completion of the 200,000 sq. ft. Eros Corporate Towers has increased accommodation options in the area.
The commercial market dominated by the IT/ITES sector accounts for approximately 80% of the total commercial space absorption in India. Expected to grow by 30-35% in the next 3-5 years, it can be used as a basic benchmark for estimating the growth of commercial office space real estatesector. With a conservative average of 75-sq. ft. of office space per employee, if the IT/ITES industry adds another 1.5-million staff till 2010 (based on most consensus estimates), we have about at least a 110+ million sq. ft. of IT/ITES category space being added in the next four years. Apart from IT, there are other office demand drivers that forecast A-Grade office space demand from the top six Indian property markets (Bangalore, Hyderabad, Chennai,Mumbai-Pune, NCR and Kolkata) will be in excess of 150-million sq. ft. between 2006 - 2010.
“However, this percentage increase may not be witnessed uniformly in all the cities. Cities like Bangalore have already experienced significant absorption of IT/ITES space in the past 3-4 years.” according to Srivastava.
The NCR region and Chennai are already being seen as strong destinations and the Delhi A-Grade office space take-up numbers for 2006; certainly seem all set to hit an all-time high.
Commercial or residential, the Indian real estate market continues to boom!
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