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IT sector to shell out more rentals then the Non-IT

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As per the sources available with www.propertykhazana.com, rental gap among IT & ITes commercial space and others are differs according to the latest details given by the realty advisor Jones Lang LaSalle – leading to a strict cater chomp for the non-IT sector. The rental gap among the two space kinds in the similar or identical places is widening owing to the comparatively lesser development of non-IT office stock that has led to strict demand supply difference, hiking the rental for non-IT commercial space both Grade A & B to unparalleled levels in a record timeframe. IT & Non-IT commercial space across India’s main cities ranges from Rs. 10 to 20 per Sq.Ft correspondingly every calendar month in the Tier II cities of Pune and Hyderabad to a soaring price of Rs. 40-60 in Tier I cities of Delhi and Mumbai.
From six years rentals have been burgeoning at a discrepancy price of 9.4% and 16.5% fro non-IT commercial space correspondingly resulting in a spreading gap among the two. The trend exists in almost all cities in India, about 47 Million Sq.Ft of space in IT/ITes segment will be added in coming two-and-a-half years, as the non-IT space addition is at merely 12 Million. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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