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The year 2017 was a landmark one for the real estate sector in India. With the introduction of major economic and regulatory reforms like RERA and GST, the industry witnessed a significant transformation in terms of efficiency, quality and transparency. Over the last year, the commercial real estate market has also evolved in keeping with the many reforms. One of the most significant positive changes has been the decline in the vacancy rate of commercial property.
Here are some of the latest trends in the commercial real estate market in India:
Commercial real estate offers a higher yield when compared with residential property, making it a very lucrative investment option. With the launch of REITs (Real Estate Investment Trusts) in 2017 and the enhanced transparency in real estate transactions brought in by GST and RERA, the commercial real estate sector has attracted a large number of global investors this year.
The last few years have witnessed a major evolution in the work culture in India. Hybrid co-working spaces are becoming increasingly popular and serve as an excellent alternative to traditional office spaces for many startups and freelancers. The convenience and cost-effectiveness of co-working spaces has led to their increased demand, and co-working operators expect to lease about 8-9 million square feet of commercial space by 2020.
As Tier I cities become increasingly expensive, many major technology and e-commerce companies are looking to expand their base to Tier II & III cities. This has made the commercial real estate market in these cities highly lucrative at this point in time.
Built To Suit office spaces have remained popular with IT and ITeS companies in metro cities like Bengaluru, Pune, Chennai and Hyderabad. This has served as a hedge against an upsurge in rentals in the aforementioned cities, keeping the commercial property in high demand.
Looking for a premium commercial office space in Pimpri Pune? Gera’s Imperium Oasis presents top commercial projects in Pimpri Pune for sale.
It has been a wonderful experience in owning a commercial space at Gera's latest offering in Goa GERA GRAND.
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My experience has been excellent. I have purchased an office in Gera’s Imperium 2 and a s..
Having a commercial space in and around Panjim was our long desire and this could be possible with Gera’s.
Patto Plaza has ..
First of all I would like to thank you and the Gera team for organizing different workshops at our doorstep.
The best thing I have done to my kids is that I took a right decision to buy a flat in Gera.
Because of this decision , Vishnu could attend the development workshops that were conducted.
Vishnu was a shy child who didn't like to participate in any of the programmes.
As far as Dale Carnegie workshops is concerned it has given him a lot of confidence and was presenting things in a much better way and I can see a lot of improvement in him.In simple words u made a person(..
My son Tattva had been enrolled in the intermediate level and has been coached by the Vishwanathan Anand Chess Academy coach . Tattva has made remarkable strides and will be on his way to get his FIDE rating in November. A lot of credit goes to the mentor for his unique way of handling his students. He has been very patient while working with Tattva on his areas of improvement. In addition before the tournament the coach had voluntarily added additional classes and doubled his efforts to get a better performance out of Tattva. He has shown complete ownership which is commendable. I hope he continues to develop more and more chess players in the coming days...