Demand for office space in Bangalore

Q: Will the demand for office space rise in Bangalore?

Santosh TR,

28th November 2013

Real estate News in Bangalore

office space

bangalore office space

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Replies (14)

According to a study by CBRE, In 2014, Bangalore led office markets among India's major cities. The city saw a 35% year-on-year rise in transactions activity during the year, together with nearly 40% increase in new office space addition.

Niketan Verma, Bangalore

3rd March 2015

Comment

Thats great... How about demand for office space market in Whitefield and Outer Ring Road?

Nadeem, Bangalore

3rd March 2015

Both Whitefield and Outer Ring Road (ORR) hung on to their positions as the most attractive office occupier markets in the country. City's Central Business District (CBD) saw a 12% year-on-year rental growth.

Amreesh Murugan,

3rd March 2015

Prices of office spaces have increased extremely in Bangalore, only rich people can afford to these places. With guidance values for commercial spaces shooting up by 40 to 70 per cent last week, the market value of properties is expected to see a upward trend by up to 20 per cent.

Dipten, Bangalore

2nd December 2014

Comment

Vatika Business center is spread in all over in India. It has established promiscuous commercial space in Metropolis like Mumbai, Chennai, New Delhi, Bangalore even more other cities like Gurgaon, Hydrabad, Pune, Faridabad. VBC is considered one of the best real estate company in India.

Karan Sharma, Gurgaon

28th May 2014

Comment

North and South Bangalore markets are also likely to see a rising in demand for office space. It is said that the rental values are likely to remain stable across most micro-markets in the short to medium terms.

The looming office supply pipeline is regulated by a healthy mix of SEZ and commercial development.

Amreesh Murugan,

22nd April 2014

Comment

Whitefield and Outer Ring Road have emerged as preferred localities for market entrants and corporate occupiers.

Although the IT/ITeS sector continued to drive demand for office space, last year also witnessed steady demand from new sector

Kunal,

22nd April 2014

The demand for office space in Bangalore has seen an upward trend due to availability of quality office space in Bangalore at an affordable rentals along with good connectivity and improved infrastructure.

Venugopalan, Bangalore

22nd April 2014

Comment

Bangalore is Being most popular in commercial as well as residential property. I'm full of enthusiasm for renting a business space. This new generation is moving towards Bangalore due to increasing the commercial development. So office demand is now top priority these days.
Visit Vatika Business Centre at -
Divyashree Chambers
2nd Floor, A Wing
11 O 'Shaugnessy Road
Bangalore 560 025

vatikabusinesscentre, Gurgaon

11th February 2014

Comment

Which are the localities which are going to witness the demand?

Varun,

9th January 2014

Comment

Overall economic improvement and expansion of the companies will further give a facelift to the city contributing 16% growth in the office demand in 2014, as compared to last year. The sub-urban localities, Outer Ring Road and Whitefield will be subjected to majority of the demand in the city. Private equity players have shown interest in projects with strong fundamentals and the IT hub of the nation has emerged as the top preference for foreign investors, as shown by the trends of last two years.

Amreesh Murugan,

9th January 2014

The persisting demand for commercial space will strengthen the real estate sector in 2014 and 2015

Varun,

8th January 2014

Comment

The oversupply situation, which is being cited in most of the cities, will come into terms in 2014 as domestic and global economic conditions become better.With demand picking up due to stability, prices will jack up considerably.

Amreesh Murugan,

8th January 2014

Bangalore has acquired the top slot in the net absorption segment and is expected to register 32 msf between 2013-17, followed by Mumbai and NCR at 24 msf and 23 msf respectively.Pune and Hyderabad ranked fourth and fifth absorbing nearly 14 msf each, while at 6th position Chennai absorbed 11 msf.

Kunal,

8th January 2014

Will rise in the absorption rate of office space will trigger the demand for residential units?

Santosh TR,

8th January 2014

Comment

Definitely rise in the absorption rate of office space will trigger the demand for residential units in the country in 2014. :( :(

Kunal,

8th January 2014

According to common opinion, post the elections the market will again gain momentum, since all the speculations on regulations and norms will be clear. Investor’s sentiments get a positive feedback when the government is stable in a country.

Lewin G,

8th January 2014

The year 2014 is likely to be an eventful year for the real estate market of India, as a number of activities may spurt in the days to come. Post-election, the economy is expected to become more stable and the absorption trend is likely to pick up pace in major markets such as Bangalore, NCR and Mumbai.

Amreesh Murugan,

8th January 2014

Comment

Growth is expected to step in from the second half of 2014, with an increase in the number of leasing activities on account of expansion of existing companies and entry of new firms.

Lewin G,

8th January 2014

The demand for commercial office spaces in Bangalore took a sharp dip from 35% to 13% in 2013. Lack of infrastructure support has adversely affected the investment prospects in the city. The manufacturing sector accounts for a 10% occupation of the commercial sector and the banking sector at 4%, while the IT enabled services occupy 61% of the office sector.

Lewin G,

27th December 2013

Comment

According to Knight and Frank, more than 28000 housing units were launched in the city in 2013. This has led the city to score an advantage of 22% in the absorption rate when compared to the 32% drop in the Mumbai’s real estate sector. Property consultants further confirm that existence of higher supply than demand and a wide range of options at competitive rates has fuelled property prices to remain stable in the city.

Kunal,

27th December 2013

By 2017 end, experts suggest NCR and Bangalore (mainly) to contribute more than half of the total office space requirements.Furthermore, Bangalore has a number of planned and under-construction IT/ITes spaces that is at par with current requirements. Simultaneous with the micro-markets in Noida and Gurgaon, Bangalore micro-markets are expected to set the trend for office spaces in the country.

Vasanth,

28th November 2013

Comment

Experts suggest that the Outer Ring Road stretch is expected to experience more than 50% of the total office space supply that is set to hit the Garden City in the years to come. The remaining office space in Bangalore will find its due relevance in North Bangalore region followed by Electronic City and Whitefield. Property analysts compare the growth of Bangalore equivalent to that of Shanghai’s office market, while NCR and Mumbai with that of Bangkok and Kuala Lampur.

Amreesh Murugan,

28th November 2013

Comment

As per CBRE reports, the three metropolitan centres (Bangalore, Mumbai and Delhi NCR) along with Tier II regions (like Hyderabad, Chennai, Kolkata and Pune) have nearly 150 million sq ft of space in line for completion. Such office spaces will see light of the day in the next 4-5 years.

Kunal,

28th November 2013

Locating for a well-equipped and amiable office space in the country is no more a hard nut to crack, as Bangalore gears up to become the biggest office space provider in the nation, followed by NCR and Mumbai. According to CBRE officials, in the next two years, the commercial Grade A office markets of Mumbai, Delhi and particularly Bangalore are likely to witness a substantial hike in growth rates in the entire Asian region.

Amreesh Murugan,

28th November 2013

Comment

Going by the expected recovery rate of the Indian and global economy and based on the positive signs sent out by the Central Government to encourage the inflow of business investments, the office demand in the country is likely to grow. Experts confirm it will grow with 10% by 2013 end and 20% by 2014.

Lewin G,

28th November 2013

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