India New Office Market Trends

Posted on September 24, 2007

Filed Under India Property Trends | 0 comments

According to Knight Frank, the Indian office market continues to be driven fro the thriving IT/ITeS sector. Here are their strength rankings for major cities in Asia-Pacific:

Strength rankings
1. Mumbai
2. New Delhi
3. Shanghai
4. Singapore
5. Hong Kong
6. Bangkok
7. Sydney
8. Melbourne
9. Guangzhou
10. Jakarta
11. Beijing
(Strength rankings are based on 22 separate economic, demographic and property variables.)

Here is a distribution of Pan India new office space by 2008:

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Delhi/NCR new office space outlook

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Here is the suggested distribution of new office space by 2008:

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As obvious from the pie chart above, Gurgaon is going to see the most growth in new office space.

Bangalore new office space outlook

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MG Road being the costliest and Bannerghatta road picking up.

Here is a distribution of new office space in Bangalore by 2008:

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Seems to be Bannerghatta road all the way.

 

Source (Report and Report)

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