Colliers research has come up with its latest knowledge report India Residential Property Market Overview, May 2012. For more detailed information kindly download the report. You will surely find the report an interesting and informative read.
The report will provide you a year-end review of the Mumbai office market and the prognosis for 2014. The Highlights of the report are as follows:
• The prevailing sentiment in 2013 was one of caution due to uninspiring economic conditions.
• Cumulative new leasing of office space in Mumbai in 2013 was 4.76 MN SF
• The BFSI and IT/ITeS were the major occupiers accounting for 46% of the total absorption.
• In 2014, Landlords will be willing to offer greater incentives, rather than lowering base rentals.
• Occupiers holding decisions in 2013 are likely take up new space in 2014 post the national elections hoping for a more inspiring economic trend and improvement of sentiment
For More information:
Please contact
Surabhi Arora | Associate Director | Research
Surabhi.arora@colliers.com
Various factors impacted the Asian economies during 2Q 2013, such as further confirmation
of slower than expected growth in China and increasing worries on the next interest hike
in Asia as the US Federal Reserve signaled they may start scaling back its quantitative
easing policy later this year. Against a backdrop of weakening economic conditions across
the region, individual Asian countries have seen a drop in inflation and are still subject to
various challenges ahead such as the potential risk of liquidity outflow from Asia. With
the economic performance yet to show any sign of acceleration, the region is entering an
era of slower growth.
The economic environment in Asia is expected to remain uncertain as the region continues
to be reactive to the overall global economic conditions. Individual governments are expected
to focus on economic issues and introduce additional stimulus measures to help their
countries emerge from prolonged bouts of deflation. Nevertheless, based on the findings
of Colliers Asia Office Leasing Survey for 2Q 2013, it is anticipated that rents will increase
in the next 12 months but the pace of rental growth will taper off. Investment transaction
volume is likely to consolidate further in the second half of 2013, as risk-averse investors
continue to be cautious, due to concerns that rising interest rates will lead to higher property
yields and reduced property values.
Colliers International Research has just released the Asia Pac Office Market Overview 3Q 2012. The report provides real estate office market trends in Asia Pac region. The office sector in the Asia Pacific region continued to be challenging in 3Q 2012 with a slowing economic growth and the unresolved European debt crisis; market participants are holding positive views on market outlook but confidence is not as strong as the previous quarter. Looking ahead, the prospective trend of office rents in most cities will remain positive in the next 12 months, despite a substantial supply projected to enter the market in individual cities.
Colliers radar delhi gurgaon and noida the three aces_june 2018Surabhi Arora, MRICS
The National Capital Region (NCR), is consistently the second largest office market with 20% share of the annual nationwide leasing volume over the past five years. In our opinion, the NCR should retain its dominance in office demand over the next five years. We expect Delhi to see a facelift with redevelopment projects over the coming years. The satellite city Gurugram should remain the preferred city among corporate occupiers against the backdrop of a business-friendly environment, healthy new supply and infrastructure improvements. NOIDA is likely to come out of its image of affordable technology hub and rise as an emerging commercial market. We advise new entrants to choose well- established micromarkets in Delhi and Gurugram while occupiers looking for affordability should start exploring NOIDA for their large requirements and backend operations. In our opinion, investors should keep the momentum upbeat taking cues from the infrastructure initiatives and optimistic business conditions in the region.
The uncertainty regarding the continuity of fiscal incentives is an area of growing concern among various stakeholders in Special Economic Zones (SEZs). Although more than 40.0 million sq ft (3.8 million sq m) of new supply is scheduled for completion before the mandatory deadline of 2020 to qualify for income tax benefits in SEZs, it seems unlikely that all the projects will be completed by then. We advise first-time entrants to pre-commit spaces only in projects that are in advance stages of construction to avoid last-minute delays in starting operations which may lead to disqualification for direct tax benefits. Regardless of optimism among the stakeholders about a further extension of income tax benefits, until this is certain, developers should schedule the completion of construction three to six months in advance
We expect the Indian economy to grow at above 7% over the next three years and recover fully from the adverse repercussions of demonetisation and implementation of Goods and Services Tax (GST). We expect the commercial real estate market to remain on track with sustained demand from occupiers in coming years. Flexibility, collaboration, work-space efficiency, employee retention and cost effectiveness should be the key focus areas of Corporate Real Estate (CRE) heads in 2018. We advise developers to reformulate their workplace designs to cater to the changing dynamics of the workplace environment.
The report will provide you a year-end review of the Mumbai office market and the prognosis for 2014. The Highlights of the report are as follows:
• The prevailing sentiment in 2013 was one of caution due to uninspiring economic conditions.
• Cumulative new leasing of office space in Mumbai in 2013 was 4.76 MN SF
• The BFSI and IT/ITeS were the major occupiers accounting for 46% of the total absorption.
• In 2014, Landlords will be willing to offer greater incentives, rather than lowering base rentals.
• Occupiers holding decisions in 2013 are likely take up new space in 2014 post the national elections hoping for a more inspiring economic trend and improvement of sentiment
For More information:
Please contact
Surabhi Arora | Associate Director | Research
Surabhi.arora@colliers.com
Various factors impacted the Asian economies during 2Q 2013, such as further confirmation
of slower than expected growth in China and increasing worries on the next interest hike
in Asia as the US Federal Reserve signaled they may start scaling back its quantitative
easing policy later this year. Against a backdrop of weakening economic conditions across
the region, individual Asian countries have seen a drop in inflation and are still subject to
various challenges ahead such as the potential risk of liquidity outflow from Asia. With
the economic performance yet to show any sign of acceleration, the region is entering an
era of slower growth.
The economic environment in Asia is expected to remain uncertain as the region continues
to be reactive to the overall global economic conditions. Individual governments are expected
to focus on economic issues and introduce additional stimulus measures to help their
countries emerge from prolonged bouts of deflation. Nevertheless, based on the findings
of Colliers Asia Office Leasing Survey for 2Q 2013, it is anticipated that rents will increase
in the next 12 months but the pace of rental growth will taper off. Investment transaction
volume is likely to consolidate further in the second half of 2013, as risk-averse investors
continue to be cautious, due to concerns that rising interest rates will lead to higher property
yields and reduced property values.
Colliers International Research has just released the Asia Pac Office Market Overview 3Q 2012. The report provides real estate office market trends in Asia Pac region. The office sector in the Asia Pacific region continued to be challenging in 3Q 2012 with a slowing economic growth and the unresolved European debt crisis; market participants are holding positive views on market outlook but confidence is not as strong as the previous quarter. Looking ahead, the prospective trend of office rents in most cities will remain positive in the next 12 months, despite a substantial supply projected to enter the market in individual cities.
Colliers radar delhi gurgaon and noida the three aces_june 2018Surabhi Arora, MRICS
The National Capital Region (NCR), is consistently the second largest office market with 20% share of the annual nationwide leasing volume over the past five years. In our opinion, the NCR should retain its dominance in office demand over the next five years. We expect Delhi to see a facelift with redevelopment projects over the coming years. The satellite city Gurugram should remain the preferred city among corporate occupiers against the backdrop of a business-friendly environment, healthy new supply and infrastructure improvements. NOIDA is likely to come out of its image of affordable technology hub and rise as an emerging commercial market. We advise new entrants to choose well- established micromarkets in Delhi and Gurugram while occupiers looking for affordability should start exploring NOIDA for their large requirements and backend operations. In our opinion, investors should keep the momentum upbeat taking cues from the infrastructure initiatives and optimistic business conditions in the region.
The uncertainty regarding the continuity of fiscal incentives is an area of growing concern among various stakeholders in Special Economic Zones (SEZs). Although more than 40.0 million sq ft (3.8 million sq m) of new supply is scheduled for completion before the mandatory deadline of 2020 to qualify for income tax benefits in SEZs, it seems unlikely that all the projects will be completed by then. We advise first-time entrants to pre-commit spaces only in projects that are in advance stages of construction to avoid last-minute delays in starting operations which may lead to disqualification for direct tax benefits. Regardless of optimism among the stakeholders about a further extension of income tax benefits, until this is certain, developers should schedule the completion of construction three to six months in advance
We expect the Indian economy to grow at above 7% over the next three years and recover fully from the adverse repercussions of demonetisation and implementation of Goods and Services Tax (GST). We expect the commercial real estate market to remain on track with sustained demand from occupiers in coming years. Flexibility, collaboration, work-space efficiency, employee retention and cost effectiveness should be the key focus areas of Corporate Real Estate (CRE) heads in 2018. We advise developers to reformulate their workplace designs to cater to the changing dynamics of the workplace environment.
Pallavaram - Thoraipakkam Road (PTR), the 11 km stretch located in the Old Mahabalipuram Road (OMR) Post-Toll market is gearing up to entice numerous multinational companies and small and medium enterprises to Chennai. Being strategically placed and well connected to the key office markets of the OMR and Grand Southern Trunk (GST) Road, this link road is likely to disrupt the linear growth pattern of the OMR. The PTR is now emerging as a strong new growth centre in the OMR district. Over the next three years, we expect 11.5 million sq ft (1.06 million sq m) of office space supply to see completion in Chennai. Of this total, 58% is concentrated along the PTR. We expect that by 2020 the improved infrastructure and new offices with modern amenities should greatly enhance the area’s appeal to prospective tenants. In our opinion, occupiers looking for expansion within Special Economic Zones (SEZs) should take advantage of huge upcoming supply in this corridor. For relocation and consolidation, occupiers can either pre-commit or opt for built-to-suit options in PTR to hedge against future rent rises.
Colliers Radar Report - Impact of Artificial Intelligence on Indian Real EstateSurabhi Arora, MRICS
Artificial intelligence (AI) and automation pose a long-run threat to demand for space. However, they will also support high-value human roles and drive productivity. Together, AI, the Internet of Things and alternative workplace solutions will transform the office. Workplaces of the future will use space more efficiently, have more collaborative space, and be healthier. We recommend that Indian enterprises embrace AI and invest in improving the skills of their staff. Meanwhile, developers should offer diversity and flexibility, and prepare for increasing automation of buildings. High rents and poor infrastructure are greater risks to continued growth in Indian property markets than AI
Colliers radar india coworking space - the new kid on the blockSurabhi Arora, MRICS
India offers a great opportunity for coworking space operators to profit from rising demand for flexible, innovative and collaborative workspace designs. We estimate that more than 1.2 million sq ft were leased by coworking operators in India in 2016, which accounted for 3% of the overall leasing volume. Although it represents only a small share of the total leasing demand, coworking operators are planning to lease 8 to 9 million sq ft by 2020.
We foresee that the concentration of coworking spaces will intensify further in Bengaluru, Mumbai, and Gurugram thanks to the availability of adequate infrastructure and opportunities for start-ups in those cities. We recommend occupiers, especially small and medium enterprises, to consider use of flexible space for their office requirements in order to benefit from an integrated networking environment, greater cost-effectiveness and more innovative workspace design.
With most of the new supply scheduled for
completion in 2018, vacancy in Pune market is likely
to remain tight in the short term. We cannot rule out
the possibility of further increase in rent as the
additional supply infusion may not meet the pent-up
demand of the last few quarters. In our opinion, the
market is likely to remain tilted in property owners'
favour for a while. In our view, developers should
expedite completion of projects under construction
and plan more new projects to profit from the
untapped demand in the market.
We expect tenant favourable conditions to attract
domestic companies and Information Technology
majors to expand operations mainly in the New
Town, Rajarhat and Sector V micromarkets. Rents
are likely to register a 3-5% dip in Sector V and
peripheral areas of New Town and Rajarhat as
property owners are likely to remain flexible on rents
to boost occupancy in their buildings.
Amid surging office demand in this re-established IT
hub, most of the upcoming quality office spaces
have been pre-committed by occupiers, creating a
severe supply shortage. Hyderabad's average office
rent is likely to surge in 2017, as en-bloc
completions are still 12-15 months away. We advise
developers to expedite construction and undertake
new projects to meet the heightened occupier
demand to retain the city's image of an affordable
Information Technology and Information Technology
and enabled services (IT-ITeS) location.
We expect demand to strengthen in coming quarters
driven mainly by technology and banking, financial
services and insurance (BFSI) firms. Amid high rents
and low vacancy, occupiers based in preferred
locations such as Cyber City and Golf Course Road
are evaluating whether to renew their existing leases
or to relocate to inexpensive locations such as Golf
Course Extension Road and along the NH8.
Significant new supply over 2017 should keep rents
in check in prime locations, while high-vacancy
markets such as Golf Course Extension Road may
see downward pressure on rents.
Due to limited availability of quality supply in
preferred micromarkets, peripheral areas of the city
are likely to grow in coming quarters. With
significant new supply scheduled for completion
along Pallavaram-Thoraipakkam Road by 2020, we
expect this corridor to become the next hotspot for
Information Technology and Information Technology
enabled Service (IT-ITeS) occupiers due to its
proximity to Old Mahabalipuram Road (OMR)-Pre
Toll area and Grand Southern Trunk (GST) Road. We
recommend big occupiers looking for large floor
plates in Special Economic Zones (SEZs) to consider
Chennai to benefit from the upcoming SEZ supply in
OMR-Post Toll micromarket.
In Q1 2017, occupiers mainly continued expansion in
southern peripherals. Though we expect occupier
demand to remain upbeat in these locations, the
upcoming new supply is unlikely to meet the rising
demand in coming quarters resulting in upward
pressure on rents. Absorption of pre-committed
spaces coupled with expected demand upsurge is
likely to outpace the upcoming supply pipeline of 8.1
mn sq ft (757,160 sq m) by the year end.
The latest report by Colliers Research titled ‘India Office Property Market Overview Q1 2017’ is now out and ready for download. Notwithstanding the demonetisation of high-value currency notes in November 2016, the economy recovered faster than expected and early projections suggest a growth of 7.1% in the fiscal year ending March 2017. All the key economic indicators suggest that India’s consumption based recovery is on track, and the economy is benefiting from an upswing in demand and output. Although five months on from demonetisation occupiers' markets across India's major cities have seen no discernible adverse impact, we expect demand to firm up driven by the strengthening economy. Gross office take-up in India amounted to 9.3 million sq ft (863,998 sq m) in Q1 2017. The Bengaluru (Bangalore) market maintained its top position across nine cities despite low vacancy and recorded an overwhelming share of 37% in total absorption. Mumbai and Delhi NCR followed with shares of 18% and 17% respectively in total absorption. Chennai, Pune, Hyderabad and Kolkata accounted for 11%, 9%, 6% and 2% respectively in the overall leasing volume.
The latest radar report by Colliers Research titled "Coworking space: The New Kid on the Block" is out and ready for download. India offers a great opportunity for coworking space operators to profit from rising demand for flexible, innovative and collaborative workspace designs. We estimate that more than 1.2 million sq ft was leased by major coworking operators in India in 2016, which accounted for 3% of the overall leasing volume. Although it represents only a small share of the total leasing demand, coworking operators are planning to lease 8 to 9 million sq ft by 2020.
Although rents are likely to remain stable across
most micromarkets, we believe availability of Grade
A buildings at affordable rent will remain a concern
for the next several years. Thus instead of focusing
purely on spatial requirements, companies should
consider taking advantage of flexible office spaces
and formulate a forward-looking workplace strategy.
Tenant appetite for higher quality offices has been
reflected in new leases being executed at abovemarket
rates in select Grade A buildings. We expect
a similar trend in 2017. Due to a dearth of quality
office space in other technology-driven markets like
Pune and Bengaluru, we may see supply-led demand
in coming quarters resulting in increased absorption
volumes.
Leasing remained healthy in 2016 despite the flight
of cost-conscious tenants to Delhi's satellite cities.
Demand continued to be driven by the financial
services and manufacturing companies. We expect
0.3 million sq ft (27,870 sq meters) of Grade A office
supply to be delivered in Q1 2017 mainly in the CBD.
We expect a correction in rents especially in grade B
buildings due to tenants' preference for premium
buildings.
Demand-supply gap is likely to remain a concern in
coming quarters. While a few grade A office
buildings are likely to see completion towards the
end of 2017, we expect upward pressure on rents at
least in H1 2017. Tenants looking for quality assets
should find their options limited this year given that
most of the new supply is likely to enjoy high precommitment
rates from existing occupiers.
Steady decline in headline vacancy rates, increase in rents in CBD and SBD, pushed the occupiers to peripheral areas. In our opinion peripheral markets should continue to gain the occupier preference as most of the new supply is concentrated in this micro markets.
The latest report by Colliers Research titled "India Office Property Market Overview - Trends to watch for in 2017" is now out and ready for download. India recorded 41.6 million sq ft (3.9 million sq metres) of gross office leasing transactions in 2016. With a modest increase of 3.5% over 2015, the data indicates a robust occupier market. Bengaluru (Bangalore) remained on a high growth trajectory and maintained its leading status among the key cities by retaining a 31% share followed by Delhi-NCR, which represented 18% of the total occupier demand. Despite the fact that many forecasters have revised down their 2017 estimates for India’s GDP to 6.8-7.0% due to short-term adverse repercussions of demonetization, we believe the outlook for the office sector remains positive in 2017. In our view, the policy changes that the government is implementing should help improve business confidence in India resulting in robust office leasing demand in coming years. We predict an average annual rental growth of 4.6% in 2017. Firm demand should absorb new supply in technology-driven markets, keeping vacancy low.
Pallavaram - Thoraipakkam Road (PTR), the 11 km stretch located in the Old Mahabalipuram Road (OMR) Post-Toll market is gearing up to entice numerous multinational companies and small and medium enterprises to Chennai. Being strategically placed and well connected to the key office markets of the OMR and Grand Southern Trunk (GST) Road, this link road is likely to disrupt the linear growth pattern of the OMR. The PTR is now emerging as a strong new growth centre in the OMR district. Over the next three years, we expect 11.5 million sq ft (1.06 million sq m) of office space supply to see completion in Chennai. Of this total, 58% is concentrated along the PTR. We expect that by 2020 the improved infrastructure and new offices with modern amenities should greatly enhance the area’s appeal to prospective tenants. In our opinion, occupiers looking for expansion within Special Economic Zones (SEZs) should take advantage of huge upcoming supply in this corridor. For relocation and consolidation, occupiers can either pre-commit or opt for built-to-suit options in PTR to hedge against future rent rises.
Colliers Radar Report - Impact of Artificial Intelligence on Indian Real EstateSurabhi Arora, MRICS
Artificial intelligence (AI) and automation pose a long-run threat to demand for space. However, they will also support high-value human roles and drive productivity. Together, AI, the Internet of Things and alternative workplace solutions will transform the office. Workplaces of the future will use space more efficiently, have more collaborative space, and be healthier. We recommend that Indian enterprises embrace AI and invest in improving the skills of their staff. Meanwhile, developers should offer diversity and flexibility, and prepare for increasing automation of buildings. High rents and poor infrastructure are greater risks to continued growth in Indian property markets than AI
Colliers radar india coworking space - the new kid on the blockSurabhi Arora, MRICS
India offers a great opportunity for coworking space operators to profit from rising demand for flexible, innovative and collaborative workspace designs. We estimate that more than 1.2 million sq ft were leased by coworking operators in India in 2016, which accounted for 3% of the overall leasing volume. Although it represents only a small share of the total leasing demand, coworking operators are planning to lease 8 to 9 million sq ft by 2020.
We foresee that the concentration of coworking spaces will intensify further in Bengaluru, Mumbai, and Gurugram thanks to the availability of adequate infrastructure and opportunities for start-ups in those cities. We recommend occupiers, especially small and medium enterprises, to consider use of flexible space for their office requirements in order to benefit from an integrated networking environment, greater cost-effectiveness and more innovative workspace design.
With most of the new supply scheduled for
completion in 2018, vacancy in Pune market is likely
to remain tight in the short term. We cannot rule out
the possibility of further increase in rent as the
additional supply infusion may not meet the pent-up
demand of the last few quarters. In our opinion, the
market is likely to remain tilted in property owners'
favour for a while. In our view, developers should
expedite completion of projects under construction
and plan more new projects to profit from the
untapped demand in the market.
We expect tenant favourable conditions to attract
domestic companies and Information Technology
majors to expand operations mainly in the New
Town, Rajarhat and Sector V micromarkets. Rents
are likely to register a 3-5% dip in Sector V and
peripheral areas of New Town and Rajarhat as
property owners are likely to remain flexible on rents
to boost occupancy in their buildings.
Amid surging office demand in this re-established IT
hub, most of the upcoming quality office spaces
have been pre-committed by occupiers, creating a
severe supply shortage. Hyderabad's average office
rent is likely to surge in 2017, as en-bloc
completions are still 12-15 months away. We advise
developers to expedite construction and undertake
new projects to meet the heightened occupier
demand to retain the city's image of an affordable
Information Technology and Information Technology
and enabled services (IT-ITeS) location.
We expect demand to strengthen in coming quarters
driven mainly by technology and banking, financial
services and insurance (BFSI) firms. Amid high rents
and low vacancy, occupiers based in preferred
locations such as Cyber City and Golf Course Road
are evaluating whether to renew their existing leases
or to relocate to inexpensive locations such as Golf
Course Extension Road and along the NH8.
Significant new supply over 2017 should keep rents
in check in prime locations, while high-vacancy
markets such as Golf Course Extension Road may
see downward pressure on rents.
Due to limited availability of quality supply in
preferred micromarkets, peripheral areas of the city
are likely to grow in coming quarters. With
significant new supply scheduled for completion
along Pallavaram-Thoraipakkam Road by 2020, we
expect this corridor to become the next hotspot for
Information Technology and Information Technology
enabled Service (IT-ITeS) occupiers due to its
proximity to Old Mahabalipuram Road (OMR)-Pre
Toll area and Grand Southern Trunk (GST) Road. We
recommend big occupiers looking for large floor
plates in Special Economic Zones (SEZs) to consider
Chennai to benefit from the upcoming SEZ supply in
OMR-Post Toll micromarket.
In Q1 2017, occupiers mainly continued expansion in
southern peripherals. Though we expect occupier
demand to remain upbeat in these locations, the
upcoming new supply is unlikely to meet the rising
demand in coming quarters resulting in upward
pressure on rents. Absorption of pre-committed
spaces coupled with expected demand upsurge is
likely to outpace the upcoming supply pipeline of 8.1
mn sq ft (757,160 sq m) by the year end.
The latest report by Colliers Research titled ‘India Office Property Market Overview Q1 2017’ is now out and ready for download. Notwithstanding the demonetisation of high-value currency notes in November 2016, the economy recovered faster than expected and early projections suggest a growth of 7.1% in the fiscal year ending March 2017. All the key economic indicators suggest that India’s consumption based recovery is on track, and the economy is benefiting from an upswing in demand and output. Although five months on from demonetisation occupiers' markets across India's major cities have seen no discernible adverse impact, we expect demand to firm up driven by the strengthening economy. Gross office take-up in India amounted to 9.3 million sq ft (863,998 sq m) in Q1 2017. The Bengaluru (Bangalore) market maintained its top position across nine cities despite low vacancy and recorded an overwhelming share of 37% in total absorption. Mumbai and Delhi NCR followed with shares of 18% and 17% respectively in total absorption. Chennai, Pune, Hyderabad and Kolkata accounted for 11%, 9%, 6% and 2% respectively in the overall leasing volume.
The latest radar report by Colliers Research titled "Coworking space: The New Kid on the Block" is out and ready for download. India offers a great opportunity for coworking space operators to profit from rising demand for flexible, innovative and collaborative workspace designs. We estimate that more than 1.2 million sq ft was leased by major coworking operators in India in 2016, which accounted for 3% of the overall leasing volume. Although it represents only a small share of the total leasing demand, coworking operators are planning to lease 8 to 9 million sq ft by 2020.
Although rents are likely to remain stable across
most micromarkets, we believe availability of Grade
A buildings at affordable rent will remain a concern
for the next several years. Thus instead of focusing
purely on spatial requirements, companies should
consider taking advantage of flexible office spaces
and formulate a forward-looking workplace strategy.
Tenant appetite for higher quality offices has been
reflected in new leases being executed at abovemarket
rates in select Grade A buildings. We expect
a similar trend in 2017. Due to a dearth of quality
office space in other technology-driven markets like
Pune and Bengaluru, we may see supply-led demand
in coming quarters resulting in increased absorption
volumes.
Leasing remained healthy in 2016 despite the flight
of cost-conscious tenants to Delhi's satellite cities.
Demand continued to be driven by the financial
services and manufacturing companies. We expect
0.3 million sq ft (27,870 sq meters) of Grade A office
supply to be delivered in Q1 2017 mainly in the CBD.
We expect a correction in rents especially in grade B
buildings due to tenants' preference for premium
buildings.
Demand-supply gap is likely to remain a concern in
coming quarters. While a few grade A office
buildings are likely to see completion towards the
end of 2017, we expect upward pressure on rents at
least in H1 2017. Tenants looking for quality assets
should find their options limited this year given that
most of the new supply is likely to enjoy high precommitment
rates from existing occupiers.
Steady decline in headline vacancy rates, increase in rents in CBD and SBD, pushed the occupiers to peripheral areas. In our opinion peripheral markets should continue to gain the occupier preference as most of the new supply is concentrated in this micro markets.
The latest report by Colliers Research titled "India Office Property Market Overview - Trends to watch for in 2017" is now out and ready for download. India recorded 41.6 million sq ft (3.9 million sq metres) of gross office leasing transactions in 2016. With a modest increase of 3.5% over 2015, the data indicates a robust occupier market. Bengaluru (Bangalore) remained on a high growth trajectory and maintained its leading status among the key cities by retaining a 31% share followed by Delhi-NCR, which represented 18% of the total occupier demand. Despite the fact that many forecasters have revised down their 2017 estimates for India’s GDP to 6.8-7.0% due to short-term adverse repercussions of demonetization, we believe the outlook for the office sector remains positive in 2017. In our view, the policy changes that the government is implementing should help improve business confidence in India resulting in robust office leasing demand in coming years. We predict an average annual rental growth of 4.6% in 2017. Firm demand should absorb new supply in technology-driven markets, keeping vacancy low.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
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Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
2. 1Q 2012 | THE KNOWLEDGE
Research report
SYDNEY CENTRAL BUSINESS DISTRICT
research & forecast Report
India RESIDENTIAL market
MACRO ECONOMIC OVERVIEW
• During 4Q 2011 GDP grew at 6.9 % in real terms suggesting a moderation in growth in comparison
to preceding two quarters. The finance minister presented India’s Union Budget 2012 -13 this
quarter projecting a GDP growth rate of 7.6% for 2012-13.
• The headline inflation figure moderated from 8.3% in December 2011 to 6.6 and 6.95% in
January and February 2012, respectively. Keeping in view the moderation in inflation rate the
Reserve Bank of India (RBI) reduced the CRR (Cash Reserve Ratio) by 50 basis points in January
for the first time since one and a half year. A further reduction of 75 basis point was made in
March 2012. The current CRR rate is 4.75%.
ECONOMIC BAROMETER • The Budget remained silent on most of the major real estate related issues. It did however
mentioned that efforts are on to arrive at a political consensus on the issue of allowing 51%
Mar-11 Mar-12 Foreign Direct Investment (FDI) in multi-brand retailing.
REPO RATE 6.50% 8.50%
• The Budget aims to provide impetus to affordable housing by providing various incentives to both
developers and end users. For example the External Commercial Borrowings (ECB) is allowed
REVERSE REPO RATE 5.50% 7.50%
for low cost housing projects which would help developers to raise debt at a lower rate.
CRR 6.00% 4.75%
• From an end user perspective, the budget provides few incentives including, Service tax
INFLATION 9.68% 6.95% exemption for construction service related to residential dwelling and low cost mass housing up
to an area of 60 sq mtr under the scheme of affordable housing. The existing scheme of interest
1
Home Loan Rate 10.25% 11.00% subvention of 1% for housing loans up to INRs 15 lakh (where the cost of the house does not
exceed INR 25 lakhs), was extended by one more year.
Return on Alternative Investments ECONOMIC INDICATORS
Mar-11 Mar-12 YoY %
12.0
Change
Gold 20,730 27,300 31.69% 10.0
SILVER 52,450 56,014 6.80%
8.0
2
Fixed Deposit 9.5% 9.25% -0.25%
6.0
EQUITY 18,167 17,675 -2.71%
REALTY INDEX 2,054 1,821 -11.31% 4.0
2.0
In Percentage
1
2
SBI Home Loan Rate for Loan upto INR 50 Lakhs.
0.0
For a period of more than one year and amount below INR 1 Crore
Jan ‘08
Apr ‘08
Jul ‘08
Oct‘08
Jan ‘09
Apr ‘09
Jul ‘09
Oct‘09
Jan ‘10
Apr ‘10
Jul ‘10
Oct‘10
Jan ‘11
Apr ‘11
Jul ‘11
Oct ‘11
Jan ‘12
(-2.0)
Repo Rate Reverse Repo Rate Cash Reserve Ratio Wholesale Price Index
Source: Colliers International India Research
www.colliers.com
3. THE KNOWLEDGE | 1q 2012 | residential | Mumbai
MUMBAI 1Q 2012 PREMIUM RESIDENTIAL AVerage
CAPITAL VALUE
• his quarter several new residential projects
T
were launched in Mumbai including a 70,000
60,000
few premium residential projects such as 50,000
“Imperia” by Raheja Universal, and “ITC Glory” 40,000
and “Aquino” by Rohan Lifescapes. All of 30,000
these new launches were located in western 20,000
INR per sq ft
10,000
suburbs and were priced in the range of INR 0
22,000 to 32,500 per sq ft.
Khar
Malabar Hill, Altamount
Road, Carmichael Road
Breach Candy, Napeansea
Road, Peddar Road
Colaba, Cuffe Parade
Worli
Prabhadevi
Bandra
Santacruz
Juhu
Andheri
Powai
• Construction activities remained slow and no
new supply was added to the prime residential
stock in Mumbai.
• Buyer’s sentiments remained cautious on the
MUMBAI backdrop of the current economic scenario
and fewer transactions were recorded during CAPITAL VALUE TRENDS
the quarter.
CITY RESIDENTIAL BAROMETER 75,000
• apital values for prime residential properties
C 65,000
4Q 2011 1Q 2012 in western suburbs such as Bandra,
55,000
45,000
Santacruz, Andheri, Khar and Juhu recorded 35,000
RENTAL VALUE an increase in the range of 3 to 9%. On the 25,000
INR per sq ft
contrary, properties located in South Central 15,000
CAPITAL VALUE
locations observed downward pressure on 5,000
1Q2008
2Q2008
3Q2008
4Q2008
1Q2009
2Q2009
3Q2009
4Q2009
1Q2010
2Q2010
3Q2010
4Q2010
1Q2011
2Q2011
3Q2011
4Q2011
1Q2012
capital values and saw a marginal correction
quarter-on-quarter. Breach Candy, Khar Colaba, Andheri
Napeansea Road, Cuffe Parade
Peddar Road Prabhadevi Bandra Worli
Powai Malabar Hill, Santacruz
• Due to steady demand for high-end rental
Juhu
Altamount Road, Carmichael Road
premises, rental values for prime residential
properties witnessed marginal increase in the
range of 1 to 2% quarter-on-quarter in most
1Q 2012 PREMIUM RESIDENTIAL AVerage
COLLIERS RESIDEX 1Q 2012 - MUMBAI of the micro-markets barring locations such
RENTAL VALUE
as Worli, Andheri, Juhu and Powai where
140 rental values remained stable on account of Malabar Hill, Altamount Road,
ample supply.
Carmichael Road
130 Breach Candy,
Powai 200 Napeansea Rd.,
120 Peddar rd.
150
110
Andheri 100
Colaba, Cuffe Parade
100
50
90
0
80
Juhu Prabhadevi
70
60
Santacruz Worli
50
1Q2008
2Q2008
3Q2008
4Q2008
1Q2009
2Q2009
3Q2009
4Q2009
1Q2010
2Q2010
3Q2010
4Q2010
1Q2011
2Q2011
3Q2011
4Q2011
1Q2012
Khar Bandra
Rebase to 100 INR per Sq ft Per Month
NEW PROJECTS
Project Name Location Developer Name Tentative Possession Rate (Per Sq.ft.)*
Aquino Prabhadevi Rohan Lifescapes 4Q 2015 32,500
Imperia Lower Parel Raheja Universal 4Q 2016 23,000
ITC Glory Parel Rohan Lifescapes 4Q 2014 22,000
Kanakia Skywalk Malad East Kanakia Group 4Q 2016 9,500
Note: * As quoted by developer
p. 3 | Colliers International Colliers International | p. 3
4. THE KNOWLEDGE | 1Q 2012 | residential | delhi
Delhi 1Q 2012 PREMIUM RESIDENTIAL AVerage
CAPITAL VALUE
• he new residential supply in the premium
T
segment remains restricted, as only a few 100,000
90,000
redevelopment projects were completed this 80,000
quarter. Similarly no new residential projects 70,000
60,000
were launched this quarter, except for a few 50,000
40,000
redevelopment projects undertaken by local 30,000
INR per Sq Ft
developers. 20,000
10,000
0
• apital value of prime residential properties
C
Vasant Vihar
Sunder Nagar
Anand Niketan,
Prithviraj Road,
Aurangzeb Road
Chanakya Puri
Golf Links, Jor Bagh,
Shanti Niketan,
Westend
Panchashila, Anandlok,
Niti Bagh, SDA
Friends Colony,
Maharani Bagh
Greater Kailash
I & II, South
Extension
appreciated in the range of 5 to 10% across
all the micro markets in 1Q 2012. However,
buyers’ sentiments remained cautions due to
prevailing uncertainties in economy.
delhi • Demand for premium residential properties
remained consistent in South Delhi’s much CAPITAL VALUE TRENDS
sought after locations such as Prithviraj
CITY RESIDENTIAL BAROMETER Road, Aurangzeb Road, Chanakya Puri, Golf 90,000
Links, Jor Bagh and Sunder Nagar, however,
80,000
70,000
4Q 2011 1Q 2012 in Shanti Niketan, Westend, Panchashila, 60,000
Anandlok, Niti Bagh, SDA, Friends Colony,
50,000
40,000
RENTAL VALUE Maharani Bagh, Greater Kailash I & II, South 30,000
INR per Sq Ft
20,000
Extension, Anand Niketan and Vasant Vihar
CAPITAL VALUE 10,000
rents appreciated in the range of 2 to 9%. 0
1Q2008
2Q2008
3Q2008
4Q2008
1Q2009
2Q2009
3Q2009
4Q2009
1Q2010
2Q2010
3Q2010
4Q2010
1Q2011
2Q2011
3Q2011
4Q2011
1Q2012
• n order to facilitate smooth travel between
I
Golf Links, Jor Bagh, Sunder Nagar Prithviraj Road, Aurangzeb Road
Chanakya Puri Shanti Niketan, Westend
the two cities, Delhi and Gurgaon, the Delhi Panchashila, Anandlok, Niti Bagh, SDA Friends Colony, Maharani Bagh
Development Authority (DDA) has planned to Greater Kailash I & II, South Extension Anand Niketan, Vasant Vihar
develop three Urban Extension Roads (UERs)
connecting Dwarka to Palam Vihar, Najafgarh
to Dhansa and Nelson Mandela Road to MG
1Q 2012 PREMIUM RESIDENTIAL average
COLLIERS RESIDEX 1Q 2012 - DELHI Road.
RENTAL VALUE
140
• he Delhi government has given its in-
T
130 principle approval for developing a monorail Prithviraj Road, Aurangzeb Road
200
120 corridor of 10.8 kms in Trans-Yamuna area. Anand Niketan,
Vasant Vihar
160
Chanakya Puri
110
This monorail line is expected to link between 120
80
100
Shastri Park metro station and Trilokpuri via Greater 40
90
Laxmi Nagar in East Delhi and will have 12
Kailash I
& II, South 0 Golf Links, Jor Bagh,
80 Extension Sunder Nagar
70
stations. It is proposed to be functional by end
60
of 2017.
Friends Colony, Shanti Niketan, Westend
Maharani Bagh
50
1Q2008
2Q2008
3Q2008
4Q2008
1Q2009
2Q2009
3Q2009
4Q2009
1Q2010
2Q2010
3Q2010
4Q2010
1Q2011
2Q2011
3Q2011
4Q2011
1Q2012
Panchashila, Anandlok, Niti Bagh, SDA
Rebase to 100 INR per Sq ft Per Month
Ongoing Projects
Project Name Location Developer Name Tentative Possession Rate (Per Sq.ft.)*
Kings Court Greater Kailash- II DLF Ltd. 1Q 2015 36,000
Queens Court Greater Kailash- II DLF Ltd. 1Q 2015 26,000
Capital Greens Shivaji Marg DLF Ltd. 2Q 2015 14,000
Winter Hills Dwarka Morh Umang Realtech 4Q 2013 7,000
Note: * As quoted by developer
p. 4 | Colliers International
5. THE KNOWLEDGE | 1q 2011 | residential | gurgaon
gurgaon 1Q 2012 PREMIUM RESIDENTIAL AVerage
CAPITAL VALUE
• arious projects / phases of projects were
V
offered for possession during this quarter 15,000
including “DLF Belaire”, “DLF Park Place” 12,000
and “DLF Mangnolias” at Golf Course Road 9,000
developed by DLF Ltd and “Tatvam Villa”
6,000
developed by Vipul Ltd located at Sohna
INR per sq ft
Road.
3,000
0
Golf Course Road
Sohna Road & Ext
DLF Phase I
Sushant Lok
NH - 8
• n 1Q 2012, the projects launched included,
I
“Gurgaon Greens” by Emaar MGF, “Amstoria”
by BPTP, “Centrum Park” by India Bulls Ltd,
“Colour Coding” by 3C Universal, “Provence
Estate” by Krrish Group and Imperia Esfera
by Imperia Group. All of these projects were
gurgaon located in the sectors adjoining the Dwarka
Expressway and were launched in a price CAPITAL VALUE TRENDS
range of INR 4,000-5,000 per sq ft.
CITY RESIDENTIAL BAROMETER 18,000
• s compared to the previous quarter, capital
A 16,000
14,000
4Q 2011 1Q 2012 values for prime residential properties 12,000
recorded an marginal increase in the range of 10,000
8,000
RENTAL VALUE 2 to 4% across all micro markets, barring a 6,000
few locations such as DLF Phase-1 and NH-8,
INR per sq ft
4,000
CAPITAL VALUE 2,000
where capital values remained stable quarter- 0
3Q2008
4Q2008
1Q2009
2Q2009
3Q2009
4Q2009
1Q2010
2Q2010
3Q2010
4Q2010
1Q2011
2Q2011
3Q2011
4Q2011
1Q2012
on-quarter on the account of muted demand.
NH-8 Sohna Road & Ext
• ental values for prime residential properties
R Golf Course Road Sushant Lok
increased in the range of 2 to 9% quarter- DLF Phase I
on-quarter in locations such as DLF Phase 1,
Golf Course Road, Sohna Road & Extension
and Sushant Lok due to increasing demand
1Q 2012 PREMIUM RESIDENTIAL AVerage
COLLIERS RESIDEX 1Q 2012 - GURGAON from multinational corporations as well as
RENTAL VALUE
domestic companies.
150
• n a bid to improve infrastructure in the
I
Golf Course Road
140
80
130
newly-developing sectors on the Golf Course 60
120
110
Extension Road and Dwarka Expressway, the 40
100 State Government has allocated INR 1,394 NH-8
20
Sohna Road & Ext
90 crore for various infrastructure projects such
0
80
as strengthening roads and developing water
70
60
supply and sewage systems.
50
4Q2008
1Q2009
3Q2009
4Q2009
1Q2010
2Q2010
3Q2010
4Q2010
1Q2011
2Q2011
3Q2011
4Q2011
1Q2012
2Q2009
DLF Phase I
Sushant Lok
Rebase to 100 INR per Sq ft Per Month
NEW PROJECTS
Project Name Location Developer Name Tentative Possession Rate (Per Sq.ft.)*
Amstoria Sector 102 BPTP Ltd. 4Q 2015 11,000
India Bulls Real Estate
Centrum Park Sector 110 4Q 2013 4,500
Ltd.
Colour Coding Sector 89 3C Universal 4Q 2016 4,000
Gurgaon Greens Sector 102 Emaar MGF 4Q 2016 5,000
Imperia Esfera Sector 37 C Imperia Group 1Q 2015 3,500
Provence Estate Gurgaon-Faridabad Road Krrish Group 4Q 2015 6,750
Note: * As quoted by developer
Colliers International | p. 5