There is a steady and inflexible demand for studio apartments, both in the metros and tier 2 cities. These apartments are usually the first to be sold out in a residential project that features them.
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
In terms of commercial real estate investment potential, Mumbai, Bangalore and Delhi NCR will continue to be of highest interest to big ticket investors focused on real estate in 2013. We also expect investor-driven demand to remain upbeat in Chennai, Hyderabad and Pune. Mumbai
Residential property capital values as well as rentals in Chennai are driven by location – the specifications and amenities provided in projects do not figure significantly in the decision matrix of customers. Conversely, capital values and rentals in Bangalore are driven primarily by specifications and amenities.
It is estimated that in 2011, the service sector accounted for about 70% of the demand for commercial office space in the seven major Indian cities – Mumbai, NCR-Delhi, Bangalore, Chennai, Hyderabad, Pune and Kolkata – with the remaining 30% coming from manufacturing and other industries.