{"id":34451,"date":"2022-04-07T15:48:05","date_gmt":"2022-04-07T10:18:05","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-office-ncr\/"},"modified":"2022-04-07T16:00:15","modified_gmt":"2022-04-07T10:30:15","slug":"biz-office-ncr-corrected","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/","title":{"rendered":"Delhi-NCR sees over 2.5 fold jump in office leasing during Jan-Mar at 1.8 mn sq ft: Report"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2449502737\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Apr 7 (PTI) The gross leasing of office space in Delhi-NCR market jumped more than 2.5 times to 1.8 million square feet during January-March on improved demand from corporates and co-working operators, according to Colliers.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1352096632\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Office leasing stood at 7,00,000 square feet in the January-March period of last year.<\/p>\n<p> The new supply of office space fell 10 per cent to 1 million square feet from 1.1 million square feet.<\/p>\n<p> The Delhi-NCR has a total stock of office space of 118.7 million square feet at the end of the last month.<\/p><div class=\"trade-content_5\" id=\"trade-3359485799\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> &#8220;Gurugram led office leasing activity accounting for almost 72 per cent share in Q1 2022; DLF Cybercity emerged as the most preferred micromarket,&#8221; Colliers India said in its Delhi-NCR Office Market Snapshot for Grade-A (premium) properties.<\/p>\n<p> Vacancy remained stable led by steady leasing amidst moderate supply, it added.<\/p>\n<p> &#8220;Upcoming supply in Q1 2022 is likely to be concentrated on NH-48, Golf Course Extension Road and Noida Expressway,&#8221; Colliers said.<\/p>\n<p> The vacancy of office space stood at 23.5 per cent during the first quarter of the 2022 calendar year. The average monthly rent stood at Rs 91.6 per square feet.<\/p>\n<p> In Delhi-NCR, the major developers who provides offices on lease include DLF,  Brookfield, Bharti Realty and Max group firm Max Estates.<\/p>\n<p> DLF Cyber City Developers Ltd, which is a joint venture between DLF and Singapore&#8217;s sovereign wealth fund GIC, has several office buildings across Gurugram.<\/p><div class=\"trade-content-10\" id=\"trade-1478385663\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Recently, global investment firm Brookfield bought 51 per cent stake in Bharti Enterprises&#8217; four commercial properties, including Worldmark at Aerocity in the national capital, at an enterprise value of Rs 5,000 crore.<\/p>\n<p> Max Estates has two commercial projects &#8211; &#8216;Max Towers&#8217; in Noida and Max House in Okhla, Delhi. Max Estates has entered into a partnership with New York Life Insurance Company for its third commercial project in Delhi-NCR named Max Square.<\/p>\n<p> Coworking firms that have a major presence in the NCR are WeWork, Smartworks, Skootr Global, The Executive Centre, Simpliwork, Awfis and The Office Pass among others.<\/p>\n<p> According to Colliers report, the gross office space leasing across top six cities rose sharply to 13 million square feet in January-March 2022 from 4.7 million square feet in the year-ago period, while supply doubled to 14.3 million square feet from 7 million square feet.<\/p>\n<p> The six cities tracked by the Colliers India are: Bengaluru, Chennai, Delhi-NCR, Pune, Hyderabad and Pune. The total office space stocks in these six cities is 601 million square feet.<\/p>\n<p> &#8220;This quarter has seen occupiers&#8217; confidence swinging back with considerable large-sized deals that accounted for a whopping 55 per cent of the leasing during the quarter. This clearly shows that occupiers are consolidating offices as they prepare for workplace-led innovation and collaboration,&#8221; Colliers India CEO Ramesh Nair said.<\/p>\n<p> This strong leasing comes at a time when occupiers in India have started opening their doors to employees after a hiatus of two years, he added.<\/p>\n<p> &#8220;Q2 2022 will be a crucial period as we expect more companies to open up workplaces. If the overall leasing momentum continues, then the year 2022 is likely to be a promising year,\u201d Nair said. PTI MJH  SHW  DRR<\/p>\n<div class=\"trade-after-content\" id=\"trade-3890038555\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Apr 7 (PTI) The gross leasing of office space in Delhi-NCR market jumped more than 2.5 times to 1.8 million square feet during January-March on improved demand from corporates and co-working operators, according to Colliers. Office leasing stood at 7,00,000 square feet in the January-March period of last year. The new supply of [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-34451","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Delhi-NCR sees over 2.5 fold jump in office leasing during Jan-Mar at 1.8 mn sq ft: Report - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Delhi-NCR sees over 2.5 fold jump in office leasing during Jan-Mar at 1.8 mn sq ft: Report\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Apr 7 (PTI) The gross leasing of office space in Delhi-NCR market jumped more than 2.5 times to 1.8 million square feet during January-March on improved demand from corporates and co-working operators, according to Colliers. Office leasing stood at 7,00,000 square feet in the January-March period of last year. The new supply of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-07T10:18:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-07T10:30:15+00:00\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/\",\"name\":\"Delhi-NCR sees over 2.5 fold jump in office leasing during Jan-Mar at 1.8 mn sq ft: Report - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"datePublished\":\"2022-04-07T10:18:05+00:00\",\"dateModified\":\"2022-04-07T10:30:15+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/432b854fc143da831dae702afe00a7d3\"},\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Delhi-NCR sees over 2.5 fold jump in office leasing during Jan-Mar at 1.8 mn sq ft: Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/432b854fc143da831dae702afe00a7d3\",\"name\":\"PTI News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/33d290530d88025709a22a0e9cea1a42ff2e6013ca877b91a86e7ca950cdd59e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/33d290530d88025709a22a0e9cea1a42ff2e6013ca877b91a86e7ca950cdd59e?s=96&d=mm&r=g\",\"caption\":\"PTI News\"},\"url\":\"https:\/\/tradebrains.in\/features\/author\/ptinews\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Delhi-NCR sees over 2.5 fold jump in office leasing during Jan-Mar at 1.8 mn sq ft: Report - Trade Brains Features","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/","og_locale":"en_US","og_type":"article","og_title":"Delhi-NCR sees over 2.5 fold jump in office leasing during Jan-Mar at 1.8 mn sq ft: Report","og_description":"New Delhi, Apr 7 (PTI) The gross leasing of office space in Delhi-NCR market jumped more than 2.5 times to 1.8 million square feet during January-March on improved demand from corporates and co-working operators, according to Colliers. Office leasing stood at 7,00,000 square feet in the January-March period of last year. The new supply of [&hellip;]","og_url":"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2022-04-07T10:18:05+00:00","article_modified_time":"2022-04-07T10:30:15+00:00","author":"PTI News","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"PTI News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/","url":"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/","name":"Delhi-NCR sees over 2.5 fold jump in office leasing during Jan-Mar at 1.8 mn sq ft: Report - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"datePublished":"2022-04-07T10:18:05+00:00","dateModified":"2022-04-07T10:30:15+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/432b854fc143da831dae702afe00a7d3"},"breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/biz-office-ncr-corrected\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Delhi-NCR sees over 2.5 fold jump in office leasing during Jan-Mar at 1.8 mn sq ft: Report"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/432b854fc143da831dae702afe00a7d3","name":"PTI News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/33d290530d88025709a22a0e9cea1a42ff2e6013ca877b91a86e7ca950cdd59e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/33d290530d88025709a22a0e9cea1a42ff2e6013ca877b91a86e7ca950cdd59e?s=96&d=mm&r=g","caption":"PTI News"},"url":"https:\/\/tradebrains.in\/features\/author\/ptinews\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/34451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=34451"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/34451\/revisions"}],"predecessor-version":[{"id":34471,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/34451\/revisions\/34471"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=34451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=34451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=34451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}