Tag Archive: RICS

Rents, capital values for offices projected to grow more rapidly

Demand for office space across the top cities in India has continued to grow for the last seven quarters, said the Royal Institution of Chartered Surveyors (RICS), a standards setting body for the real estate and construction sectors. “The office sector in India has continued to outperform with both tenant and investor showing strong appetite. However, retail, which is still growing at a slower pace, has lagged behind office space demand for several quarters now,” said RICS in its Q4 2015 India Commercial Property Monitor. Rents and capital values for prime offices are projected to grow more rapidly over the next 12 months, according to the study. “Office demand for the last several quarters has been improving and is expected to continue in the same direction this year as well. In fact, the demand for Grade A office…
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