[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
MUMBAI: India’s top seven commercial real estate markets including Mumbai, New Delhi,
Hyderabad and Pune have emerged as the most economical office interior fit-out markets in
the Asia Pacific region showed a Cushman & Wakefield study.
Key cities in Japan and Australia continued to dominate the top 10 list of most expensive
office fit-out locations in Asia Pacific with average fit-out cost of $150 per sq ft. Tokyo,
Osaka, Nagoya and Sydney lead the rankings, with Melbourne climbing four spots to fifth
this year, the study revealed.
“From an office design perspective, the workplace will evolve from a regular office to a place
for networking and with a social feel. We expect that while social distancing and a flexible
work policy will reduce the number of seats in an office, there would also be a bigger focus
on agile seating formats,” said Shashi Bushan, Managing Director, Project & Development
Services, Occupiers - India, Cushman & Wakefield.
Mumbai remains the most expensive office market in the country with an average fit-out
cost of $133 per sq ft. The average office interior fit-out cost in New Delhi stood at $126
per sq ft and $33 in Chennai.
Post-Covid-19, the focus on health and safety is expected to continue to intensify, bringing
forward greater adoption of touchless technology, improved heating, ventilation, and Air
Conditioning (HVAC) and smarter cleaning practices.
“We expect the companies to place more emphasis on employee wellbeing, hygiene, safety, and security given that the pandemic has underscored the requirement to do so. Based on
our interaction with our clients, we are observing that companies are inclined to de-densify
their offices with this objective in mind. While the fit-out cost is already low in India, it will
further decrease with de-densification of offices, and modernization and industrialization that
is underway in Indian office interior construction industry,” said Tushar Mittal, Managing
Director of SKV, an interior design firm specializing in commercial offices.
Read more at https://realty.economictimes.indiatimes.com/news/commercial/india-office-markets-fit-out-costs-most-economical-in-asia-pacific-report/79559140
Have a nice day