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Delhi’s commercial and office real estate market is on the up

In a time of a slowdown in Delhi real estate, there is some good news for investors at last. According to a survey conducted by international real estate consultation firm JLL, there will be an increased activity in the office and commercial real estate sector in Delhi over the coming months, which signifies a bullish market for office spaces and commercial properties.

Delhi, and to a lesser extent Mumbai, are expected to perform at par with other major cities in the Asia Pacific region like Beijing, Hong Kong, Tokyo and Auckland in the office space market as Delhi emerges as one of the most fertile office market in the region.

The JLL Office Markets Sentiment Survey was conducted with the aim to find out more and track investor sentiments and other market forces in order to project an outlook for the next 12-15 months. It is in this survey that Delhi has emerged ahead of several other cities in terms of buyer sentiment and positive market movement can be expected from the Delhi market in the coming year. The survey is primarily concerned with each city’s central business district (CBD) and other secondary business district (SBD), which means that these trends do not reflect market sentiment in areas adjoining to Delhi like Noida and Gurgaon. The survey clearly suggests that this is a good time to invest in commercial and office properties in Delhi.

Based on data from Q2 2015, activity of tenants is expected to increase in Delhi, whereas in other cities like Shanghai, Sydney and Singapore there would be no expansionary activities on part of the tenants. This basically suggests that office real estate market in Delhi is growing, while in other places the market is more or less stagnant. Delhi properties are therefore expected to fare better and provide richer returns over the next 12 months.

The reason for Delhi’s great performance on this survey is that Delhi is a landlord-driven market, unlike Mumbai which is a tenant driven market. What this translates to is that there is only a limited supply of office space and demand is quite high, which means rising rents and fewer incentives for tenants. Based on this feature of the Delhi real estate marketFree Articles, it can be safely said that the market looks bullish for the coming year. This is undoubtedly a great piece of news for investors looking to pump some money into commercial properties in Delhi.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Ramya Mane is a writer who focuses on property investment,latest residential projects,price trends,real estate news,etc.



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