Covid brings down office rentals by 5-20% in Ahmedabad – ET RealEstate

AHMEDABAD: Covid-19 and increased adoption of work-from-home (WFH) have hit office rentals in Ahmedabad. The average office space rentals in the city have declined in the range of 5% to 20% since the outbreak of the pandemic. The drop in rentals, according to industry stakeholders, varied depending upon the size and location as well as […]

Residential properties registration falls 47% in Mumbai region in April – ET RealEstate

NEW DELHI: Registration of residential properties in Mumbai municipal region fell by 47 per cent last month compared to April due to the second wave of the COVID-19 pandemic, but it jumped 25 times when compared to May 2020, according to Knight Frank India. Mumbai BMC region (Churchgate to Dahisar and Colaba to Mulund) recorded […]

Prime offices’ rental slips 8% in Bengaluru; Mumbai records 6.2% drop in Q1 2021 – ET RealEstate

NEW DELHI: Rentals of prime offices in Bengaluru and Mumbai fell 8 per cent and 6.2 per cent, respectively, during January-March 2021 as compared to the year-ago period, according to a Knight Frank report. In its Asia-Pacific Prime Office Rental Index Q1, 2021 report, the consultant said the prime office rents in the national capital […]

Indian corporates expect covid-19 pandemic to influence realty strategy for three years – ET RealEstate

Most Indian corporates expect the ongoing pandemic to influence the direction of their real estate strategy over the next 3 years and increase in quantum of their real estate space requirement, showed a Knight Frank global survey. According to this survey of 400 global firms employing 10 million people reveals occupiers are looking at offices […]

Smartworks lease out 80,000 sq ft space to IT firm in Noida – ET RealEstate

Representative image NEW DELHI: Co-working firm Smartworks has given on lease over 80,000 sq ft of office space, comprising more than 1,300 desks, in its facility at Noida to an IT-software company as corporates look for flexible workspace amid COVID-19 pandemic. Leading property consultant Knight Frank India facilitated this leasing deal, one of the biggest […]

Demand for luxury residences in Mumbai set to rise in 2021; prices to remain flat: Report – ET RealEstate

MUMBAI: The demand for luxury residences in Mumbai is expected to rise significantly in 2021, while prices are likely to see a flat annual price change despite the buoyancy in demand for the prime properties, said property consultant Knight Frank. Prices of prime residential properties across the top 22 global cities, on average, are expected […]

Little scope for IT companies’ realty cost saving led by work-from-home: Report – ET RealEstate

File photo MUMBAI: Saving real estate cost is unlikely to be a key variable to support the work-from-home model as Indian information technology industry’s annual real estate expenditure is just around 4.3% of its operating income, showed a Knight Frank India study. According to an analysis of total 119 IT companies’ financial statements, smaller IT […]

Co-working operators start witnessing fresh demand after five months – ET RealEstate

NEW DELHI: Co-working and managed workspace operators have started witnessing fresh demand after a five month disruption due to Covid-19 pandemic as leading co-working players have reported reaching 50 per cent fresh leasing levels in July compared to the monthly average during the pre-Covid times. Covid induced lockdown had impacted the co-working operators the most […]