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.
Altogether, Bangalore has approximately 1100 super luxury home units price-tagged at Rs. 5 crore in various stages of planning and construction. This translates into a market worth more than a billion dollars.
Bandra-Kurla Complex brings the advantage of a business area located in the heart of the city. Demand for luxury homes there also comes from owners of diamond businesses from the nearby Bharat Diamond Bourse.
Currently, BKC has a total stock of 8 million square feet of office space. An additional supply of 2.5 million square feet is expected in 2012 with the completion of The Capital, FIFC and TCG Finance Centres.