We have studied the pattern of leasing activity over past few years and identified key industry verticals, which were acting as the fundamental drivers of office space demand in India. The IT & ITES sector – which saw a sharp decline in its share, falling from 48% in 2005 to 23% in 2009 – has improved its share to 39% this year.
London & MIPIM, Cannes 12th March 2013 – Jones Lang LaSalle has been named Best Performing Property Brand at the eleventh annual MPF Awards for Management Excellence.
In Mumbai, the iconic Express Tower is a good example of a real estate asset in a prime location of India’s financial capital that is ideally suited for advantageous repositioning.
A number of large corporates across the country have relocated or are in the process of relocating their headquarters to other areas. There are many reasons for this
Given the typical time-lag between an upturn in economic fortunes and leasing market activity, a full-fledged recovery in the leasing volumes of Mumbai’s office property market in early 2013 seems unlikely. Heading into 2013, doubts over future economic conditions may continue to dampen corporate demand.