Cbre-Amcham Indian Real Estate Report

Topics: Mumbai, Real estate, Residential area Pages: 34 (9332 words) Published: August 22, 2013
INDIA 2011

INDIAN REAL ESTATE OVERVIEW

A CBRE - AMCHAM INITIATIVE

CBRE – AMCHAM Initiative

The 2010 India Real Estate Overview

CONTENTS

3 5 7 8 9 11 14 14 18 22 26 29

Foreword Asia Overview India Real Estate Overview Office Market Overview Retail Market Overview Residential Market Overview = City Level Dynamics NCR Mumbai Bangalore Chennai India Market Outlook

©2011 CB Richard Ellis, Inc. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction

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CBRE – AMCHAM Initiative

The 2010 India Real Estate Overview

FOREWORD Real Estate business was one of the key drivers of growth before we witnessed the present economic slowdown. Now, with companies trying to consolidate their positions and finding effective means of sustaining growth, the management of real estate has emerged as one of the key challenges for the corporate sector. The largest occupier of office space in the country has been the Information Technology/ Information Technology enabled Services (IT/ ITeS) segment, which primarily serves the US and European markets. The economic slowdown in these markets have resulted in increasing pressures on the margins of companies operating out of India, which in turn has led to the companies looking to cut costs through reducing expenditure on the real estate segment. However, it is imporatant to note that given the level of integration of real estate with the various sectors of the economy, this segment will continue to play a key role in the economic upswing as and when it reappears. This very informative report prepared by our member company CB Richard Ellis (CBRE) addresses the salient aspects of the real estate scenario in India. CBRE, as one of the largest players in this sector worldwide, has been responsible for bringing in a lot of discipline and professionalism in the real estate business in India. With the high credibility CBRE enjoys the world over, this report on the Indian real estate scene is a good reflection of where this sector stands today. A regional overview of the country in consonance with recent events and current dynamics of the office, retail and residential segments and the effect of economic slowdown on these sectors have been incorporated as a part of this report. Segment specific dynamics for the office, retail and residential sectors in terms of supply, vacancy levels and rental / capital value trends are discussed. City level dynamics being exhibited across the cities of NCR (Delhi, Gurgaon and NOIDA), Bangalore, Chennai and Mumbai have been taken into account. Market Drivers (both current and expected) for office, retail and residential segments have been commented upon. Future outlook and the expected direction and momentum of growth for office, retail and residential segments in the real estate business are covered in this report. We are confident that not only US multinationals operating in India but all overseas investors operating or planning to enter the country will find the contents of this booklet helpful in making their investment decisions. Ajay Singha – Executive Director, American Chamber of Commerce in India July 2009, New Delhi

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CBRE – AMCHAM Initiative

The 2010 India Real Estate Overview

ASIA OVERVIEW Asian growth rates have settled to a more stable pace by the end of 2010 as rapid industrial activity has been overwhelmed by concerns regarding the sovereign debt crisis and...
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