HOW OFFICE SPACE HELPS TO INCREASE
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Hihgjhgj 7343103

HOW OFFICE SPACE HELPS TO INCREASE

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

lease.

It states that 4-5 % of office space is vacant for leasing

and many IT firms also coming to Bengaluru to set

office.

The overall survey says that the tech circle has

witnessed a big leasing activity in the last few years.


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OFFICE SPACE

OFFICE SPACE-2015

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.


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OFFICE SPACE

OFFICE SPACE-2016

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

2016.

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

increase.


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NEED OF RESALE FLATS

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

upcoming years.

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.


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The companies are looking the space around the east and

south-east stretch of outer ring road.

it is going to stretch again from Marathahalli junction to

Iblur junction.

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

Bannerghatta road.


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