A Cushman and Wakefield report revealed that by the end of 2017, India to measure out nearly 35% of the total absorption in office places among the Asia Pacific countries which is expected to be continued over the upcoming couple of years.
On which Ansul Jain, Managing Director, India, Cushman and Wakefield said, -“Backed by various policy reforms and government initiatives, the country today offers investors a more transparent and accountable business and investor-friendly environment.”
Jain also added,-“The ongoing technological changes and growth of the technology profession will continue to create demand for space, particularly in markets like Bengaluru, Manila, Hyderabad and Shenzhen.”
Sources revealed that where the major volume of demand is expected to be derived from IT-BPM sector, shockingly replaced by e-commerce, BFSI, Consulting agencies and health care sector. During this forecasted period of growth these are the industries showing promising dexterity to lead and accelerate the growth.
The report says that the commercial property demand in India remained stable during the first quarter of 2017, despite the foreseen geo-political and industrial catastrophe. The report also indicated, “The banking, financial services and insurance (BFSI) sector was the biggest driver of leasing activity in Asia Pacific. Prominent financial institutions have secured major leases over 50,000 sq ft in India, Hong Kong and Australia."
There is a forecast, where it’s stated that Asia pacific countries could set a benchmark in leasing office spaces in 2017. Where India will be solely contributing annual average of 32-35 per cent absorption during this forecast period. India is also to observe an office space supply of 125 msf between 2017-2019, since more banks are planning to expand and develop their corporate banking and wealth management business. The BFSI sector is expected to account for 25%-30% of fresh leases in the upcoming 2-3 years.
-LNN (Liyans News Network)-Buy luxury property in north Kolkata under our professional guidance. Visit our online property portal for advertise your property for free. Connect to a wide range of genuine buyers on this global interactive platform. Enhance the network of your property sale.
On which Ansul Jain, Managing Director, India, Cushman and Wakefield said, -“Backed by various policy reforms and government initiatives, the country today offers investors a more transparent and accountable business and investor-friendly environment.”
Jain also added,-“The ongoing technological changes and growth of the technology profession will continue to create demand for space, particularly in markets like Bengaluru, Manila, Hyderabad and Shenzhen.”
Sources revealed that where the major volume of demand is expected to be derived from IT-BPM sector, shockingly replaced by e-commerce, BFSI, Consulting agencies and health care sector. During this forecasted period of growth these are the industries showing promising dexterity to lead and accelerate the growth.
The report says that the commercial property demand in India remained stable during the first quarter of 2017, despite the foreseen geo-political and industrial catastrophe. The report also indicated, “The banking, financial services and insurance (BFSI) sector was the biggest driver of leasing activity in Asia Pacific. Prominent financial institutions have secured major leases over 50,000 sq ft in India, Hong Kong and Australia."
There is a forecast, where it’s stated that Asia pacific countries could set a benchmark in leasing office spaces in 2017. Where India will be solely contributing annual average of 32-35 per cent absorption during this forecast period. India is also to observe an office space supply of 125 msf between 2017-2019, since more banks are planning to expand and develop their corporate banking and wealth management business. The BFSI sector is expected to account for 25%-30% of fresh leases in the upcoming 2-3 years.
-LNN (Liyans News Network)-Buy luxury property in north Kolkata under our professional guidance. Visit our online property portal for advertise your property for free. Connect to a wide range of genuine buyers on this global interactive platform. Enhance the network of your property sale.
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