Ready-built Office Space

October 11, 2008

With the flow of investments into the country, commercial real estate in India is the first procurement option that a potential investor seeks for.
So as they forayed into the untested market in India, they preferred to lease their office spaces. But the last couple of years have seen stability in the demand in the real estate market for built-up office spaces; as companies have formulated longer term, more strategic plans for India. And the latest entrants to woo investors with state-of-the-art ready-built offices are the Tier II and III cities.
These cities like Kolkata and Pune scores over the Tier I cities due to the availability of suitable ready built real estate premises and also small developers to provide land for built-to-suit premises. Moreover, the establishment cost advantage over the Tier I cities plays an important role. This is also one of the major factors for companies dispersing to smaller cities instead of creating multiple operational bases in a prime city.

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