Tuesday, September 16News That Matters

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NCR’s Thriving Spots for Realty Investment

NCR’s Thriving Spots for Realty Investment

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New Delhi,India,Aug 30, 2023 12:55 IST NCR's commercial realty market is optimistic about a healthy growth momentum. Below mentioned are some of the key locations in NCR holding immense potential and bright prospects for commercial investment. Iris Broadway Greno West - an upcoming mall in Greater Noida West Greater Noida West - Greater Noida West is evolving as an attractive market offering promising prospects for commercial realty. A growing number of IT/ITeS/, Research & Consulting/Manufacturing companies have established their base here transforming it into a vibrant business hub. The existing and proposed developments in and around the region have significantly piqued the interest of potential buyers, investors, and developers. Besides garnering interest fro...
Office gross leasing to close at 40-45 mn sq ft in 2023; sturdy domestic economy weighs in: Colliers

Office gross leasing to close at 40-45 mn sq ft in 2023; sturdy domestic economy weighs in: Colliers

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Annual gross leasing likely to be at 40-45 million sq ft, 15-20% higher than predicted in early 2023 Supply to be in tandem with demand Rentals hold upside in key micro-markets GURGAON, 24 Aug 2023 – India office sector is expected to close stronger at 40-45 million sq feet of gross leasing across the top 6 markets in 2023, perceptibly higher than predicted in Mar 2023, according to Colliers’ latest report “India office market – Changing winds.” Domestic office demand is holding up well, supported by resilient economic outlook in spite of the drag from weak external demand. At the global level, the economic forecast for 2023 is modestly higher than predicted in April 2023, pulled by marginal improvements in the US, UK and Europe. This gradual but definite recovery surely faste...