Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
While NCR’s CBD is expected to remain stable Office space rentals are set to increase in the Central Business Districts (CBDs) of Bengaluru and Mumbai in 2020, while the rental growth in the CBD in National Capital Region (NCR) is expected to remain stable, a Knight Frank’s report – Asia-Pacific Outlook Report 2020 said.
“Office markets in cities like Bengaluru, Mumbai and NCR continue to enjoy healthy rental growth, despite the weaker economic sentiment in 2019, mainly due to the rapid expansion witnessed in its IT industry. Multinationals continued to expand robustly, especially in Bengaluru because of availability of the right talent pool and new office assets at comparatively low rents. We expect the trend to continue for these markets as the demand for office space is expected to grow in 2020 as well,” said Shishir Baijal, Chairman and Managing Director of Knight Frank India.
The CBD of Bengaluru was the best performing market in the Asia Pacific in Q3 2019, with rental growth of 17.6 per cent, according to Knight Frank Asia-Pacific Prime Office Rental Index Q3 2019.
The CBD of Bengaluru, comprising areas such as MG Road, Infantry Road and Residency Road, is expected to see more supply coming in 2020, while the demand is expected to remain steady as the information technology (IT) sector continues to expand.
The CBDs of Connaught Place in National Capital Region (NCR) and Bandra Kurla Complex (BKC) in Mumbai were the seventh and 11th fastest-growing prime office markets in the Asia-Pacific region, respectively, with a comparatively modest 4.4 per cent and 2 per cent Y-o-Y rental growth in Q3 2019.
Grade-A office rents across the Asia-Pacific region are expected to fall between 0 and -3 per cent in 2020, down from the 0.6 per cent rise in the first – nine months of 2019, as occupier demand continues to soften.
In the latest survey – Knight Frank – FICCI – NAREDCO - ‘Real Estate Sentiment Index Q3 2019’, the majority (82 per cent) of the real estate stakeholders have expressed an optimistic outlook for the office sector, backed largely by a robust office supply pipeline for the next six months. Real estate stakeholders also expect the rentals for Grade A office spaces to inch up in the next six months.
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
Only half the Sensex stocks have bettered the index’s return in the last 10,000-point journey
High valuation and stiff competition from larger players are a dampener
Investors with a short-term perspective can buy The New India Assurance Company (NIACL) stock at current ...
₹1490 • HDFC Bank S1S2R1R2COMMENT 1475146015051520 Fresh short positions are recommended with a stiff ...
What makes the new crop of young Indian cricketers such game-changing winners? Over and above their talent, ...
For their dead, Parsis practise a 3,000-year-old system where corpses are excarnated in the Tower of Silence, ...
The morning she gave Peter and Neha, and their baby daughter Minty, a tour of Ambassador Apartments, Mrs ...
It’s the 111th birth anniversary of jazz musician and guitar genius Jean ‘Django’ Reinhardt. This week’s quiz ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor