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Bangalore holds its supremacy catering IT space

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It is said by the sources @ the www.propertykhazana.com that, in India for IT/ITes conglomerates Bangalore is the best destination and it continues to be so. Some of them still accept as true that Chennai and Hyderabad is in-taking Bangalore’s status as the IT capital of India. Yearly report given by the global realty consultants Cushman & Wakefield explains that, Bengaluru is viewed as the highest commercial space assimilation in India of about 10.5 Million Sq.ft and hovering in the country for the 5th seriatim year and in that, IT and ITes conglomerates engrossed of about 90% followed by motorized, telecommunications and other segments. Foremost was I-Flex Solution which engrossed about 1,200,000 Sq.ft of commercial space in Whitefield followed by for about 360,000 Sq.ft of space each by ABB and ANZ IT in Whitefield and Marathahalli-Sarjapur leash.
Meantime, Chennai has only 4.5 Million Sq.ft of commercial space and about 9.9 Million Sq.ft was catered this year as against it’s seriatim of about 6.9 Million Sq.ft of space. Hyderabad witnessed a huge fall of 70% in commercial space seriatim from the past couple of years outline of about 5 Million Sq.ft to just about 1.5 Million Sq.ft this year. The total cater in the city was accounted almost of 4 Million Sq.ft. Reports reads that, “Bengaluru & Mumbai are the merely two cities that displayed a hike in seriatim from past year.” For time being, commercial rental rates in Bengaluru valued between 5% and 10% in the outskirts localities and by a huge of about 20% in the central business districts. For more updates on real estate market browse www.propertykhazana.com.
Source: NBTVLIVE

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