Demand for workplace house in Delhi NCR area has grown 50 per cent year-on-year in 2021, majorly as a consequence of robust absorptions by startups and expertise companies, mentioned international actual property consultancy agency Colliers.
In 2021, complete absorption within the workplace house phase was 6.3 million sq. toes, it mentioned. Of the whole, startups absorbed 1 million sq. toes.
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“Gurugram led the leasing exercise accounting for 64 per cent share in general transactions. Flight to high quality is driving occupiers` actual property technique and Noida Expressway, Golf Course Extension Highway and DLF Cybercity drove the majority of leasing exercise as they appeared for better-quality buildings,” it added.
With greater than 25 years presence, Colliers, a Nasdaq-listed firm, is an expert consultancy agency which gives recommendation to actual property occupiers, homeowners and traders with operations in 67 nations.
“For north India, solely the NCR can boast by way of vital workplace absorption as the opposite main cities haven’t chosen workplace markets. Hub`n`spoke fashions haven’t been profitable as a result of mindset of the workforce nonetheless selecting to maneuver to main metros.
“Co-working transactions have been the choice for many occupiers and can proceed to be the choice for Occupiers all through 2022 till there may be an finish to the unsure surroundings created as a result of pandemic,” mentioned Bhupindra Singh, Managing Director, Regional Tenant Illustration and Workplace Providers, North India, Colliers.
“…The general absorption numbers point out a powerful want for corporates to decide to the workplace phase and thereby showcasing that the WFH is an interim choice solely.”
In addition to, demand for flex areas grew threefold throughout the calendar 12 months.
Going ahead, leases in key micro markets like Cyber Metropolis, Sector 16 A and 16B Noida, Golf Course Highway and Sector 62 are anticipated to see a gradual rise as a result of restricted availability of high quality inventory, Colliers mentioned.
