Delhi-NCR ranks 84th most expensive office location globally

Delhi-NCR is ranked 84th in the list of most expensive office locations in the world with an annual cost of […]

   

Delhi-NCR is ranked 84th in the list of most expensive office locations in the world with an annual cost of USD 5,392 (over Rs 3.5 lakh) per workstation, according to property consultant Cushman & Wakefield. Hong Kong emerged as the most expensive location with an annual cost of USD 27,431 per workstation, followed by London and Tokyo, the consultant said in its report ‘Office Space Across the World 2017’ that evaluated 215 global locations. “Delhi-NCR is ranked 84th in the global stacking of most expensive office locations. Rest of the India office markets ranked below 100, making Indian office markets one of the most affordable in the world,” the consultant said today. Delhi-NCR emerged as the most expensive office location in India, costing almost Rs 430 per sq ft per month, taking the cost of each workstation to over Rs 3,51,008 per annum. “Indian office spaces are competitive globally in terms of price design and desk space. This coupled with strong talent pool, provides for winning combination for entry and expansion of global companies in India,” Cushman & Wakefield India Country Head and Managing Director Anshul Jain said. In India, the office space leasing is largely led by the service sector, he said, adding that the growing trend of startups has also contributed towards creating jobs as well as office leasing. Each workstation space in Gurgaon central business district (CBD) costs Rs 1,00,800 per annum (USD 1,549), the report said. In India, Mumbai’s Bandra-Kurla Complex was the second most expensive location with rental costs of over Rs 2,00,000 per annum per workstation.
ALSO READ  Foreign trade policy review offers more incentives to boost MSME-led exports
Mumbai’s BKC ranked 163rd in the global list. Kolkata’s CBD was at 207th position, followed by Pune’s CBD (210), Chennai’s suburban south (211), Bengaluru’s outer ring road (213), Hyderabad’s Madhapur (214) and Ahmedabad’s SG Highway (215). The report ranked occupancy costs per workstation (including base rents and common area maintenance charges) and workplace densities for newly developed or refurbished office space globally.

Trending

MSMEs

GeM has processed orders worth ₹ 40,000 cr in GMV in last 3 years, 50% transacted by MSMEs

Day-after-Piyush Goyal snub-Jeff-Bezos

Day after Piyush Goyal snub, Amazon commits to create one million new jobs in India by 2025

Amazon's-$1-bn-investment-in-India-no-big-favour--Minister-of-Commerce-&-Industry

Amazon’s $1 bn investment in India no big favour: Piyush Goyal, Commerce & Industry Minister

Jeff Bezos India visit

Amazon CEO, Jeff Bezos bets on Indian century, invests $1 bn digitizing MSMEs

MSME loans

Piyush Goyal: CGTMSE, SIDBI to set up framework for faster processing of SME loans

GST

Nirmala Sitharaman: GST to be further simplified for traders

UK Sinha committee

Government invites stakeholder’s suggestion on National Technology Mission for MSMEs

Delhi-NCR-the-largest-start-up-ecosystem-in-India,-surpasses-Bangalore

Delhi-NCR the largest start-up ecosystem in India, surpasses Bangalore

Premium Organic Soaps- Contribution to the Community

Anant-Nahata

Public charging infrastructure will be key to electric vehicle success in India: Anant Nahata, MD, Exicom 

MSME payments

Startups, MSMEs request for timely payments from government and corporates

Ashok-Prusty

Indian EV battery industry still searching for commercial battery technology: Ashok Kumar Prusty, Bry-Air