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Co-working Spaces: A New Trend in the Indian Market

Co-working Spaces: A New Trend in the Indian Market

A joint report by JLL and Confederation of Indian Industry said that net absorption in commercial segment is expected to exceed 39 mn sq ft by 2020. There has been a huge demand for co-working spaces in the recent times and few reports highlights that absorption by service providers is tripled to 3.44 mn sq ft in the period January-September 2018. In the year 2017, the co-working space was 1.1 mn sq ft. The co-working sector has doubled to 10%. According to the report vacancy declined to 13.7% in the period July- September 2018. The office sector will gradually come down in the mid term (2018-2020). Companies in the industrial segment in the cities like Bengaluru, Delhi-NCR, Chennai have been showing keen interest in office spaces. Mumbai and Pune are no far behind. But interest has been shown more for the co-working spaces. The share of co-working sector went up from 4% to 10% from last year. According to Ramesh Nair, CEO and Country Head, JLL India, the preference for co-working spaces will rise substantially in the coming years, especially in the cities Bengaluru, Mumbai due to availability of infrastructure and a startup culture. Tier II and tier III markets will also catch up soon.

The report states that large demands for co-working comes from big corporates(40-45%), then comes small-medium enterprises(35-40%), the last being start-ups(15-25%). The co-working spaces helps in cost reduction by 25% in cities like Delhi-NCR, Bengaluru, Mumbai and Pune. According to Sandeep Sethi, MD, Integrated Facilities Management- West Asia, JLL India, the commercial real estate will have to buckle up to match the technology disruptions affecting the way companies are conducting their businesses globally. FinTech startups have promoted low cost office spaces with modern technology infrastructure. E-commerce players are also considering co-working spaces now for cost savings. The new standard of holistic Wellness for office buildings is gaining momentum. The concept aims to address the wellness of employees at workplace.

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Upcoming Commercial Projects in Lucknow

Upcoming Commercial Projects in Lucknow

The main locations of upcoming commercial projects are rajajipuram, gomti nagar, Sushant golf city, gomti nagar extension.

Rohtas Summit is one of the commercial project of Rohtas in Lucknow It has office spaces in Vibhuti khand, in the range of 93.6 lakhs to 4.14 crores. The project is equipped with security service and other modern amenities. Ansal API Shopping Square is located in Sushant Golf City. It is a ready to move property having 50 units in total 5 floors. Levana Cyber Heights, a commercial project of Levana Group is in Vibhuti khand area, with 90 units in total 9 floors. It is ready to move with resale price of Rs 1.45 crores. Omaxe has its commercial project coming which offers commercial space, serviced apartments and commercial shops. It is under construction and the possession year being 2022. Shalimar Corp is coming with Shalimar Iridium in Vibhuti Khand, the launch year being 2020. One Place The Fateh is a commercial project of One Place Group. It offers commercial shops, office space, having 239 units. These are the projects to look out for.

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Upcoming Residential Projects in Lucknow | TopPropMart

Upcoming Residential Projects in Lucknow

The city of nawabs, Lucknow has been progressing when it comes to residential projects.

The introduction of Metro in Lucknow has taken Lucknow to a next level when it comes to Real Estate.

The main areas include Shaheed path, Gomti nagar, Faizabad Road, to name a few are being developed to the next level.

Big Real Estate Brands like Omaxe, Rishita, DLF, Ansal, Emaar, Shalimar, Experion are coming up with many new projects both Commercial & Residential. It comprises of 2BHK, 3BHK & 4BHK apartments. The location of these properties are attractive enough to lure the Investors.

These developers have their existing projects still for sale, still they are coming up with new projects because there is a good scope for Investment in Lucknow. People are moving in from the Eastern Belt of U.P.


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Options For Rental Properties In Gurgaon | TopPropMart

Options For Rental Properties in Gurgaon

Gurgaon has become the sought-after realty landmark for real estate investment. This is mostly because of a surge in rental yields. Many MNCs and big corporations are paving their way to this expensive city. This has led to an increase in the population of working professionals who are looking for affordable properties in Gurgaon. Dwarka Expressway is a standout against other areas in Gurgaon with expanding realty opportunities. Here, many options are available for 2BHK and 3BHK properties with INR 10000 per month. Anyone having personal vehicle can think of living in this area as public transport is a problem here. In the area Sushant Lok, 1BHK properties with the carpet area of 300 square feet is available here costing INR 7000 per month on rent. The rate of properties here are expected to rise due to its proximity to NH 8 and Huda city centre metro station. There are studio apartments available here which are mostly preferred by IT professionals and bachelors. Its closeness to restaurants, hospitals has made it attractive to investors.

Sectors 56 and 57 are also in great demand because of its connectivity to Golf Course road, Golf Course extension road, IFFCO Chowk and MG Road. This is preferred by families more because of the local market and an environment of residential colonies. The rate of properties lies between INR 18 and 32 per square feet per month for 1 BHK apartments.

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Sohna Road: Blooming With Upcoming Projects | TopPropMart

Sohna Road: Blooming With Upcoming Projects

Sohna road has seen major developments in the real estate investing in recent times. It links Greater Gurgaon to Gurgaon. DLF Cyber city, Golf Course Extension Road are the areas in proximity to Sohna Road which makes it famous. Huda City Centre is the nearest metro station. There has been development seen in the sectors 33,38,47,48,49,66,67,68,69. Gurgaon and Manesar have reached their immersion point and this is why Sohna road is picking up its pace.

The commercial belt in this area is growing with many educational institutions, hospitals, malls situated in this stretch. There are numerous projects coming up in this area, be it ready or under construction projects. Developers are excited to announce residential and commercial projects here, which includes multi storeyed buildings, villas. The residential sector ranges from affordable to plush luxurious properties. The current rate is between INR 6500 and 11000 per square feet. The capital values in this region have soared by 8%. The rental return is an attractive point for investors. The rental yield has appreciated by 33% in the past three years. The rates of the plots in this area are expected to be on an average of INR 8400 per square feet and villas priced between INR 10300 and 17000 per square feet.

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Prices For Different Localities in Delhi NCR | TopPropMart

Noida and Greater Noida have great choices for reasonable-priced properties. There are options for real estate investment in Noida-Greater Noida Expressway, in sectors 70,71,74,76,119,92,93. Cheap housing options are available in Gurgaon in sectors 34,57,86,92,102 and 103. In Ghaziabad, affordable properties are available in NH-24. Vaishali, Indirapuram, Kaushambi, Crossings Republic have good options as well. The best rising localities for investment in Delhi NCR are available in Sohna, Faridabad, Yamuna Expressway and NH 24. The properties in Sohna are cheap compared to other areas and is also closer to Gurgaon. Faridabad is upcoming. Many big infrastructure projects are decided to be planned here. In Faridabad one can look for areas Neharpur, Surajkund, Green Valley, Dayal Basti and NIT, the prices being between INR 4500 to 9000 square feet.

To find residential properties under 50 lakhs in Gurgaon, one can go for Sector 37C, 84,90 and 92. The rate per square feet is INR 5000 in these sectors. Sector 37C shares close proximity to proposed metro station and Sector 84 lies close to Manesar. There are many options for low cost residential properties in Noida. Noida extension, Greater Noida West, Sector 76 and 137 are the areas which can be considered in this regard. The price is INR 4000 per square feet. Investment in multi-storeyed apartments has been done by developers in this region.

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Facts And Figures: Gurgaon Rental Market

Real estate investment in Gurgaon has surged to great heights over the years. This is proven by the large number of residential property, villas and studios being sold out in great numbers. The expense of renting in Gurgaon has seen its share of highs and lows, especially after demonetization. A 1 BHK residential property/villas/studios has an average cost of 5000 to 35000(INR); 2 BHK cost ranges from 6000 to 37000 and 3 BHK varies between 10000 to 60000. These prices do not apply to luxurious apartments. Locality, facilities, built up area are various factors which decides the rates of these properties.
There are various sectors which have shown an ascending rate like 67, 67A, 77, 78, 81, 88A, 89, 92 etc. There has also been a dip in prices in various posh localities in Gurgaon like DLF City, Golf Course Extension, Malibu Town, MG Road. This year there has been a diminishing rate of 0.36% in rental properties in Gurgaon, but also a boost of 11.97%. An estimate shows that there will be an increase of 0.5% and upto 12% to 13% in the cost of studios, residential properties and villas.

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A Leap in the growth of Residential Projects in Metro Cities | TopPropMart

A Leap in the growth of Residential Projects in Metro Cities

In the first six months of the year 2018, there were various launches made in India for residential projects . Immense confidence was shown by investors everywhere. When it comes to the launching of new properties in 8 urban areas in India, a bounce of over 68% was depicted in the real estate industry. A tremendous growth of 106% was also witnessed in the same period. Now investors are searching for progressive ventures for investment. The property buying portals can be of great help in this case. There has been a decline in inventory level despite the growth in industry. On a positive note, the reactions of people wanting to invest in residential is great. When we look at the statistics of the year 2017, it shows that approximately 11% growth was spectated in the top 8 cities in India. To elevate the condition pf real estate industry, various schemes have been launched by the Government since the year 2016. Like Prime Minister Awas Yojana , GST and RERA guidelines. These steps have led to more clearness in the industry, although initially these steps were not taken well. There are great opportunities available for investors who prefer residential properties.
A study done by experts revealed that the sales figure has been expanding reliably in the last four quarters. This resulted in developers launching properties in the urban cities. Among the urban areas, the most elevated number of launches has been done in Mumbai Metropolitan Region(27798 units) and then in Bengaluru(18193 units) . An intriguing statistic revealed that sales have risen by 70% in present when compared to the previous years. With the help of housing schemes, even the low income groups have invested in properties, which in itself is a positive sign. The investors are instilled with confidence because of the rising sales figure. Commercial property investment does not lag behind either, because a high demand has been seen in this sector too. Domestic and international companies both have been showing interest in this. Looking at the statistics of first half of 2018, sale of 60% has been seen in below 50 lakhs segment, only talking about the sales of residential property. If someone is keen on purchasing property in India, the real estate websites gives a good brief on upcoming projects. Chances are that property rates will ascend all over the country in the coming months, so this is the ideal time for investors to make a good and ideal investment.

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