1 / 1

Office Market Overview - Delhi NCR

Delhi NCR: The capital of India (Delhi) along with Gurgaon, Faridabad & Noida forms the National Capital Region (NCR). It being the political and economic hub attracts avenues of investments and has the largest share of skilled workforce in the country. Location advantage, policy incentives & infrastructure in the state supports investment in sectors such as IT / ITeS, Outsourcing, Designing and R&D facility, Banking & Financial Services, Communication, Small Scale industry, Real Estate, Construction, Agri and Processed Food Industry, tourism and logistics.

cityinfoservice
Télécharger la présentation

Office Market Overview - Delhi NCR

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What’s going on in.. DELHI NCR DELHI NCR MID-YEAR 2019 OVERVIEW FUNDAMENTALS Forecast Delhi NCR: The capital of India (Delhi) along with Gurgaon, Faridabad & Noida forms the National Capital Region (NCR). It being the political and economic hub attracts avenues of investments and has the largest share of skilled workforce in the country. Location advantage, policy incentives & infrastructure in the state supports investment in sectors such as IT / ITeS, Outsourcing, Designing and R&D facility, Banking & Financial Services, Communication, industry, Real Estate, Construction, Agri and Processed Food Industry, tourism and logistics. YTD net absorption ~2.60 Million Sq.ft ~25.32 Million Sq.ft (for next 24 months) Under construction Average asking rent (gross) INR 77.00 ($ 1.08) Concessions Flat Small Scale Google Market Size ~105 Million Sft Largest Office Deal 646,000 Sft Total Vacancy ~25.29 Million Sft TOTAL VACANCY AVERAGE ASKING RENTS 100.00 30.60% 26.70% 28.60% 80.00 25.10% 24.40% 60.00 40.00 20.00 0.00 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Class A Class B OUTLOOK Office market leasing in NCR region recorded a high of ~5.4 msf in H1 2019; with Gurugram & Noida dominating the leasing activity. Key drivers were IT, ITeS, BPOs, Captive Centers and Manufacturing Industries which led to more than 60% of the traction. Coworking & Managed workspaces were also aggressive in acquiring new and large centers leading to dearth of supply in the Prime locations. Net absorption dipped by 38% from H1 2018 primarily because of consolidation & lease expiries and led to increased vacancy. Delhi NCR Market witnessed a significant new supply of over 4 million sq.ft with almost 30% pre-committed leasing from end users and managed office service providers. Pre- leasing activity and BTS leasing were predominant in NH8 & Noida Expressway. Major office occupiers were Google, Concentrix, Huawei, Garage Society, Tech Mahindra, HCL Technologies, Smartworks, India Mart, Plus Offices, Innov8. Rentals would see an upward trend in prime locations by end of H2 2019. For more information, please contact: Alok Misra alok@cityinfoservices.com +91 40 44110000

More Related