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HOW OFFICE SPACE HELPS TO INCREASE
THE NEED OF RESALE FLATS
THE NEED OF RESALE FLATS
Bengaluru is the first city in India giving importance for
office space to make a IT sector.
Currently, Bengaluru consist a stock of 96 million Sq.Ft.
of grade A quality for office space and ready to give for
It states that 4-5 % of office space is vacant for leasing
and many IT firms also coming to Bengaluru to set
The overall survey says that the tech circle has
witnessed a big leasing activity in the last few years.
2015 is calculated as the successful year for the realty firm.
14.15 million Sq.Ft. office space got leased.
The realty firms announced that the requirement of office
space in Bengaluru will remain till two-three years.
The realty agents becomes conscious and producing a good
volume of pre-committed space.
The trend of leasing is remained strong for 2016 too.
There is a demand of 10 million Sq.Ft. now in Bengaluru and
out of that 8-8.5 million Sq.Ft is for non-captive office
space and it is expected to launch in 2016.
4 million Sq.Ft is utilized for office space in 1st Quantum of
Bengaluru is well matching the each quantum-to-quantum
launch for 2015 and 2016 to meet the demand supply of
this year on time.
The supply makes the realty absorption for office space to
NEED OF RESALE FLATS
Bengaluru is 100% IT/IteS driven city and you can see the
city is going to give employment for more than 13,000 in
There is great demand for e-commerce and manufacturing
firms corporate offices here.
Many start-ups also come up with innovative technology
plans and occupy the major part of the city.
There will be a major requirement for residence once the
heavy duty corporates comes into work.
south-east stretch of outer ring road.
it is going to stretch again from Marathahalli junction to
The demand will extend further to Sarjapur road and Hosur
road and these locations have good connectivity too.
The city like Whitefield, Hebbal, Mysore road, Hosur road
and Electronic city are also witnessing good leasing.
The Bannerghatta road is very cheap for residential and it
is 13 km from Electronic city. This locality also gives
positive approach for resale property business. These three
main advantages makes the locality famous and it is good
plan if anyone planning to look flats for resale in