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Post the Covid-19 pandemic all buildings wanted to ensure better air circulation and filtration measures to be put in place as clients had started moving out to better equipped buildings to ensure safety of their workforce. And lately in the wake of alarming climate change signs there has been a much greater awareness about green…
Delhi–NCR Office Market Report 2022 Delhi–NCR Office Market Report 2022 Annual review of leasing, supply, vacancy, rents, occupier sectors and major transactions Reporting date: January 2023Coverage: Delhi, Gurugram and Noida | Period-authentic year-end assessment Executive summary Delhi–NCR’s office market moved decisively beyond the pandemic interruption in 2022. Savills recorded 11.3 million sq ft of gross…
The average age of Delhi’s commercial office space buildings is more than 50 years now, since most district centers, community centers and LSC’s are a product of 1962 masterplan, and these decaying structures have hardly ever been modernized or even partially revamped. If a brand-new commercial building comes up next to them, these buildings stand…
Delhi–NCR Office Market Report 2021 Delhi–NCR Office Market Report 2021 Annual review of leasing, supply, vacancy, rents and occupier demand Reporting date: January 2022Geographic coverage: Delhi, Gurugram and Noida; Greater Noida excluded where the underlying source excludes it Executive Summary Delhi–NCR closed 2021 with a decisive improvement in office leasing during the second half of…
Most of the businesses worldwide are currently grappling with the twin issues of low demand and uncertain future. In such a situation, it is but obvious that conservative to negative outlook weighs over positive sentiment. Due to decreasing sales and the lack of clarity, regarding future demand a lot of companies have issued pink slips…
Its been over 12 years since Google opened its first office in Gurgaon, since then it has been doing an incremental growth every couple of years, however in the last 4 years this tech giant has really pushed the envelope to another level. The first big swing was in early 2015 when they lease 450,000…
With the corona virus outbreak being declared a pandemic by the World Health Organization (WHO), Indian government has also advised against large social gatherings and asked masses to promote social distancing as a means to avoid further spread of the virus. Many big international as well as Indian companies like Google, Wipro, HCL, Tech Mahindra,…
The commercial office space market in Delhi NCR had one of the best years in recent past. A total of over 12 million sq ft was transacted within Delhi NCR in 2019, more than double of 2018 uptake (around 5-6 million sq ft). In spite of the global slow down, gloomy GDP and other economic…
With pretty much every industry orchestrating its global activity from Delhi-NCR, it’s normal that some of the largest logistics companies have also set up their main offices here. Boasting an international influence, the Delhi NCR scene includes some of the most important logistics, freight forwarding, contract logistics and warehousing solutions providing companies in the world. …
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