Office Property Trends in Delhi NCR - September 2007

Posted on September 23, 2007

Filed Under India Property Commercial, India Property Trends | 1 comment

In their report titled “Office Snapshot New Delhi”, Cushman & Wakefield suggest that limited availability of office space in suburban New Delhi has led to peripheral locations (Greater Noida, Manesar and Faridabad) gearing up to exploit the need for office and IT space in the city.

Their outlook is that by quarter one of 2008, there will be substantial supply from the suburban locations resulting in lesser interest in peripheral locations, unless corporates are considering campus developments.

image

image

(Source: Cushman & Wakefield)

As you can see from the data above that all the regions are classified as “Rising Markets”.

Comments

One Response to “Office Property Trends in Delhi NCR - September 2007”

  1. nikhil on November 27th, 2007 6:01 am

    In every economy, markets go up and down . In a normal working of every market it goes through ups and downs, since the current real estate market of commercial area in Delhi-NCR region can anyone judge or predict when is this market going to turn the other way.When is the downturn going to come in?On what all basis one can do such sort of evaluations?
    What is the right time to buy property for investment purposes in Delhi-NCR region.

Leave a Reply