1. Indian real estate news

Commercial real estate: Hopeful and holding on—a Forbes story

This post is taken from Forbes India (source).

In the commercial property trends in India in the recent years, the new-generation technology parks have emerged particularly in high-potential and high-rewarding cities including in Bengaluru, Hyderabad, Mumbai, Delhi and Pune.

Chandigarh and Kolkata are now attracting investments too. This, according to Nasscom, has been due to the emergence of over 8,100 digital solution providers, employing about 600,000 employees—approximately 75 percent of the global digital talent base.

The pandemic is also forcing corporates to move in for de-densification of premises, making them less densely populated and increasing the area per person. In previous years, this figure had come down to as low as 80 sq ft per person, but Ahuja now sees it going back to the average 120 sq ft, and in some cases, such as at Embassy Manyata, up to 200 sq ft per person.

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