{"id":18574,"date":"2016-07-05T00:02:29","date_gmt":"2016-07-04T17:02:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=18574"},"modified":"2016-07-04T22:12:59","modified_gmt":"2016-07-04T15:12:59","slug":"investment-drive-powers-big-gains-for-india-office-space","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investment-drive-powers-big-gains-for-india-office-space\/","title":{"rendered":"Investment drive powers big gains for India office space"},"content":{"rendered":"


\nMUMBAI \/\/ India’s office real estate market is set to have its best year since the global financial crisis as the country focuses on attracting more foreign investment and improving the ease of doing business. The property consultancy Knight Frank India said transaction volumes in the country’s office market rose by 12 per cent in the six biggest markets, led by Mumbai and Hyderabad, in the first half of this year compared with a year earlier. “I think the office market is poised to have its best year since the global financial crisis,” said Shishir Baijal, the chairman and managing director of Knight Frank India.Office vacancy levels in India have dropped to an eight-year low, according to Knight Frank’s data. Rental values in the six cities have gone up by 8 per cent in the first half of this year compared with the same period last year.”The office market continues to grow from strength-to-strength and we believe that the office market is really doing great in all the major cities,” said Samantak Das, the chief economist and national director at Knight Frank India.New completions of offices in Mumbai rose by 115 per cent year-on-year in the first half, while transactions increased by 51 per cent during the same period in the city, figures from Knight Frank showed.A long-term development plan for the city is very focused on office space, Mr Das said. “This, coupled with initiatives by the government in terms of the ease of doing business, attracting foreign capital in crucial sectors and enhanced transparency and governance standards will augur well for the office sector,” he said. Two weeks ago, India relaxed rules to allow more foreign direct investment (FDI) into sectors including aviation and defence.But there has been a “substantial fall” in transactions in the office market from e-commerce companies, Mr Das said. E-commerce companies in India have been struggling to raise funding following last year’s boom. “In terms of e-commerce transactions, it has gone down by 78 per cent year-on-year,” Mr Das said. “In the first half of 2015, 4.2 million square feet was transacted only by e-commerce [companies] in the top six cities. It’s not even a million in these first six months – it’s 0.9 million square feet.”Property brokers JLL India recently said that Kochi, which is not included in Knight Frank’s report, was set to be India’s next “real estate hot spot”.This is largely because of infrastructure development taking place in Kochi, including a metro rail and new international airport terminal.Kochi, which was struggling to recover from oversupply, will see a massive revival due to creation of demand from these initiatives, said A Shankar, the national director and head of operations for strategic consulting at JLL India. “Sustainable growth in real estate prices is now assured in the city and this has incited new interests from numerous real estate developers from all over India who are keen to launch residential, commercial and hospitality projects there,” he said. business@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Investment drive powers big gains for India office space<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

MUMBAI \/\/ India’s office real estate market is set to have its best year since...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-18574","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4PA","jetpack-related-posts":[{"id":40213,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indian-property-sales-slump-is-worst-since-global-financial-crisis\/","url_meta":{"origin":18574,"position":0},"title":"Indian property sales slump is worst since global financial crisis","date":"January 10, 2017","format":false,"excerpt":"\r India's property market will continue to suffer next year from demonetisation after sales and launches at the end of last year plunged to the worst level since the global financial crisis, incurring a 226 billion Indian rupees (Dh12.18bn) industry loss in the fourth quarter, according to a new report.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18566,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indias-property-rally-still-has-fuel-in-the-tank\/","url_meta":{"origin":18574,"position":1},"title":"India's property rally still has fuel in the tank","date":"July 4, 2016","format":false,"excerpt":"\r MUMBAI \/\/ India's residential market recovery in the top eight cities is expected to continue but at a slower pace, with sales rising 3.5 per cent in the second half after surging 6.6 per cent in the first, the property consultancy Knight Frank India said yesterday.Sales in the top\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42921,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indias-property-sector-gains-in-jaitley-budget\/","url_meta":{"origin":18574,"position":2},"title":"India's property sector gains in Jaitley budget","date":"February 4, 2017","format":false,"excerpt":"\r MUMBAI \/\/ India's property sector is set to be one of the key beneficiaries of the federal budget, according to analysts.\"This has been one of the path-breaking budgets with far-reaching changes especially for the real estate sector,\" said Shishir Baijal, the chairman and managing director of Knight Frank India.\"This\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26243,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/india-property-investment-tips-for-nri-landlords\/","url_meta":{"origin":18574,"position":3},"title":"India property: investment tips for NRI landlords","date":"September 16, 2016","format":false,"excerpt":"\r Deepthy Saleem, from Kerala in India, has lived in Dubai for 17 years and owns three homes in her native country - two of which are rented out. But at times over the past few years she has questioned whether it is really worth leasing her properties, given the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31798,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indian-developers-target-nris-in-emirates-with-special-offers-for-diwali\/","url_meta":{"origin":18574,"position":4},"title":"Indian developers target NRIs in Emirates with special offers for Diwali","date":"October 27, 2016","format":false,"excerpt":"\r Rebecca BundhunForeign CorrespondentMumbai \/\/ Property developers in India are actively targeting Indian expats in the UAE with a slew of offers, ranging from free gold to discounts as they try to drum up sales this Diwali amid weak demand closer to home.Diwali is traditionally considered to be an auspicious\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":159732,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-luxury-rents-jump-8-6-to-top-knight-franks-global-list\/","url_meta":{"origin":18574,"position":5},"title":"Hong Kong luxury rents jump 8.6% to top Knight Frank\u2019s global list","date":"August 22, 2025","format":false,"excerpt":"\r Hong Kong\u2019s luxury home rents increased the most globally in the second quarter, according to Knight Frank, benefiting from an influx of high-net-worth individuals through the capital investment scheme. A survey tracking 16 cities worldwide showed upscale residential rents climbed 8.6 per cent in the April to June period\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18574"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=18574"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18574\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=18574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=18574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=18574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}