World’s Largest Mall

Unfazed by a decrease in footfalls at Gurgaon malls and virtual halving of rental rates, DLF Universal has drawn up an ambitious plan. It is going to build what could be the biggest mall in the world, as far as the claim goes.

The location will still be Gurgaon. Called the Mall of India, this is set to be a humungous 40-lakh sq. ft. sprawling property spread over 32 acres of land. The average size of malls here is 2.5 lakh sq. ft. This one will be 16 times bigger. Parking space will be available for 10,000 cars. DLF believes that Gurgaon, where so many malls have sprung up, has the potential to become a mega shopping district in the NCR region.

Will it really be the biggest mall in the world? According to a DLF spokesperson, Kajal Aijaz, the world’s largest at present is Mall of America in Minneapolis, USA, which has a covered area of 38 lakh sq ft, followed by a mall in Shanghai with 30 lakh sq ft. The Mall of India would leave these two behind in so far as size is concerned.

The mall – located on the Delhi-Jaipur highway – has been designed by Jerde Partnership, which also did the job in Minneapolis and Shanghai. The construction work is expected to be over by 2007. The cost, property consultants estimate, may be in the region of Rs 1,500 crores.

An Plug and play office space is generally a office space which is ready to occupy by an company and to start their business where everything needed for an office space will be pre-builded and kept ready to start and run an business.

The plug and play office space includes Ready to occupy spaces like Reception, Server room, Workstation (System Placing tables), Cabins, Disc room, Conference room, Library, Pantry area, Cafeteria, PABX (private automatic branch exchange), EPABX (electronic private automatic branch exchange), Data service, Voice Services, Access Control Services, wiring, network electronics, telephone system and wireless infrastructure to support a variety of needs, such as local and long-distance telephone, Internet access, local area network (LAN), wireless network, and connection to remote offices via a wide area network (WAN).

Live-inspace Corp serve provide services like plug and play office spaces in Bangalore, commercial spaces for rent in Bangalore, Office Spaces for rental in Bangalore, Commercial Spaces For Rent, Lease and sale services in Bangalore. Live-inspace corp serve provide services related to commercial stuffs throught Bangalore.

About Live-inspace Corp services

Live-in Space offers its customers a complete suite of Commercial and Office Space Solutions including buying, selling and leasing of property with an approach that is multi-disciplinary, well thought-out and completely integrated.

Accredited with an ISO 9001-2000 certification, Live-In Space is an eco-friendly firm who has effectively delivered numerous commercial projects by providing professional yet personalized services to our clients.

Right from selecting appropriate facilities to improving infrastructure to complete maintenance, we offer a variety of specialized and value-driven services that addresses the critical needs of the Corporates.

Founded in the year 2006, today live-in space has emerged as India’s most trusted Commercial Property Leasing Firm with a quality conscious and customer-centric mindset that is spreading its wings across many new frontiers.

Our office space Search facility is online. If you wish to speak to a serviced office space representative, then please call +91 (080) 41468648 or Mobile 9945235126, 9900264111.

Contact us for any type Commercial Real Estate Services and Advisory

Live-in Space Corp Serve & Pvt ltd.,

14, 1st Floor, 2nd ’A' Cross, 16th ’C' Main, 4th Block, Koramangala, Bangalore – 560034 India
Phone : +91 80 41468648 Mobile : +91 9945235126, 9900264111 Fax : +91 80 25503610

Website : www.live-inspace.com E-mail : liveinspacecorp@gmail.com

The benefits of our serviced office space

  • Businesses providing serviced office space are typically in a position to offer you much more accommodating rental terms.
  • No investment expense since the serviced office space is equipped with telecommunications equipment and broadband internet connectivity, Server room, Workstation (System Placing tables), Cabins, Disc room, Conference room, Library, Pantry area.
  • Serviced offices space enable renters to share company equipment along with other resources, delivering lowered expenses and usage of equipment, which might otherwise be too expensive, for instance corporate photocopying devices.
  • Serviced office space amenities typically consists of security guards and reception areas a great established professional impression.
  • Some although not all serviced office space principally provide Hot Desking, Meeting Rooms, Conference Rooms, break out areas and secretarial/mail handling support; These are typically available on a pay-per-use basis.
  • Serviced Office Space is usually flexible, allowing for additional space to be allocated at very short notice, should the size of an individual business change.
  • No long term commitment!

Serviced Office Space is especially popular with Start-up businesses and small scale representatives of large companies.
Our office space Search facility is online. If you wish to speak to a serviced office space representative, then please call +91 (080) 41468648 or Mobile 9945235126, 9900264111.

Contact us for any type Commercial Real Estate Services and Advisory

Live-inspace Corp Serve & Pvt ltd.,

14, 1st Floor, 2nd ’A' Cross,
16th ’C' Main, 4th Block,
Koramangala, Bangalore – 560034
Phone    : +91 80 41468648 Mobile : +91 9945235126, 9900264111
Fax        : +91 80 25503610

Website    : http://www.live-inspace.com/

E-mail       :  info@live-inspace.com

Renting an office

Helping people find their perfect office is part of Live-inspace Corp Serve & Pvt ltd.,

We provide a complete solution on Real estate services to companies or organizations looking to rent or own an office space. Our overriding aim is to offer expert advice in a timely and professional manner to ensure that our clients can make informed decisions on which office is the ideal fit for them.

Our approach to being successful starts with our people. We believe that finding the right office to rent takes more than searching a database and organising viewings, which is why our project teams are handpicked for not only their knowledge and technical ability but their understanding of customer service and project management and to provide them an Best service.

Live-inspace Corp Serve recruits from a much wider talent pool than traditional property agencies and our team has far greater experience because of it. This sounds simple, but it’s one of the things which makes Live-inspace Corp Services stand out from the crowd.

Working with Live-inspace Corp Services means you have chosen to have the best search and negotiation team fighting your corner. As a client, you will get access to every available building on the market. Our retained clients will have access to our workplace consultancy to ensure an accurate and realistic brief is prepared and everything is given on hands.

We invest and spend heavily on understanding what offices are on the market to rent at any given time and to ensure that we are aware of every single available building. And because Live-inspace Corp Serve only ever represent tenants, our search team maintains its independence – because we are not tied to any landlords or other agents. We had an highly accredited service with an ISO 9001-2000 certification, for our service done to our clients

Every client’s search view is different. Often, when a company has a very particular vision, Live-inspace will help in unlocking an ‘off-market’ solution, or find a right building before it even hits the market.

During the search process we will advise on the suitability of potential offices, where we offer complimentary space planning and building surveys, for every one of our clients to fit the best for their needs.

Bcoz we are a tenant only an agency we have no conflict of interest or unclear relationships with landlords. We have our own objectives: to get the best possible deal to the client; and to have a happy client. With our highly experienced negotiation team, we are able to match our strengths against the weaknesses of the landlords negotiation team. And because we never represent landlords, we never shy away from adopting an aggressive position when representing the interests of our clients, but always upholding our resourceful & honest approach to business.

When an office has been secured, we will then oversee the entire fit out works and IT/Telecoms installation and other mandatory services. We have a dedicated Project Management Team who will act on your behalf to get you the right quality and value. There are different routes to choose from when deciding on a fit out company and to understand the best fit will normally depend the following factors:

  • Your level of experience
  • Budget
  • The space
  • Time
  • Level of design

For more information, have a look at our Project Management section.

Our office space Search facility is online. If you wish to speak to a serviced office space representative, then please call our 24/7 service number +91 9900264111 or +91 (080) 41468648
Contact us for any type Commercial Real Estate Services and Advisory
Live-in Space Corp Serve & Pvt ltd.,
#14, 1st Floor, 2nd ’A’ Cross, 16th ’C’ Main, 4th Block, Koramangala, Bangalore – 560034
Mobile: +91 9900264111 Phone: +91 80 41468648 Fax : +91 80 41468648
Website: www.live-inspace.com E-mail: info@live-inspace.com

 

Rented office space in bangalore or Office for rent in bangalore

Live-inspace Corp services provide Rented office or commercial space which will be of two types Fully Furnished or Unfurnished spaces which will be will be pre-builded and kept ready to start and run an business.

Furnished Office space is otherwise called as Plug and play office space it is generally a office space which is ready to occupy by an company and to start their business where everything needed for an office space will be pre-builded and kept ready to start and run an business.

Plug and play office space normally suites for IT and ITES.

The plug and play office space includes Ready to occupy spaces like Reception, Server room, Workstation (System Placing tables), Cabins, Disc room, Conference room, Library, Pantry area, Cafeteria, PABX (private automatic branch exchange), EPABX (electronic private automatic branch exchange), Data service, Voice Services, Access Control Services, wiring, network electronics, telephone system and wireless infrastructure to support a variety of needs, such as local and long-distance telephone, Internet access, local area network (LAN), wireless network, and connection to remote offices via a wide area network (WAN).

Benefits of Rented or Plug and Play office space.

When people rent their office space rather than purchase, they are not forced to remain in same place.

If the building becomes inadequate for whatever reason, the business owners have to wait for the lease to expire and move to a more suitable location.

If the amount they are paying becomes cost-prohibitive, they can also decide to move to a less expensive property without having to worry about selling the property.

Business owners who choose to rent their office space can concentrate on their businesses.

If they were the owners of the building, they would have to perform the maintenance duties and pay for any repairs that will need to be done.

Without all of these extra duties and worries, they are free to be innovative and create new products or perfect the services they provide.

Our office space Search facility is online. If you wish to speak to a serviced office space representative, then please call +91 (080) 41468648 or Mobile 9945235126, 9900264111.

Contact us for any type Commercial Real Estate Services and Advisory

Live-inspace Corp Serve & Pvt ltd.,

14, 1st Floor, 2nd ’A' Cross,
16th ’C' Main, 4th Block,
Koramangala, Bangalore – 560034
Phone    : +91 80 41468648 Mobile : +91 9945235126, 9900264111
Fax        : +91 80 25503610

Website    : www.live-inspace.com

E-mail       :  info@live-inspace.com

Rented Office space or Commercial office Spaces in Bangalore

Live-inspace Corp services provide Rented office or commercial space which will be of two types Fully Furnished or Unfurnished spaces which will be will be pre-builded and kept ready to start and run an business.

Furnished Office space is otherwise called as Plug and play office space it is generally a office space which is ready to occupy by an company and to start their business where everything needed for an office space will be pre-builded and kept ready to start and run an business.

The plug and play office space includes Ready to occupy spaces like Reception, Server room, Workstation (System Placing tables), Cabins, Disc room, Conference room, Library, Pantry area, Cafeteria, PABX (private automatic branch exchange), EPABX (electronic private automatic branch exchange), Data service, Voice Services, Access Control Services, wiring, network electronics, telephone system and wireless infrastructure to support a variety of needs, such as local and long-distance telephone, Internet access, local area network (LAN), wireless network, and connection to remote offices via a wide area network (WAN).

Benefits of Rented or Plug and Play office space.

When people rent their office space rather than purchase, they are not forced to remain in same place.

If the building becomes inadequate for whatever reason, the business owners have to wait for the lease to expire and move to a more suitable location.

If the amount they are paying becomes cost-prohibitive, they can also decide to move to a less expensive property without having to worry about selling the property.

Business owners who choose to rent their office space can concentrate on their businesses.

If they were the owners of the building, they would have to perform the maintenance duties and pay for any repairs that will need to be done.

Without all of these extra duties and worries, they are free to be innovative and create new products or perfect the services they provide.

Our office space Search facility is online. If you wish to speak to a serviced office space representative, then please call +91 (080) 41468648 or Mobile 9945235126, 9900264111.

Contact us for any type Commercial Real Estate Services and Advisory

Live-in Space Corp Serve & Pvt ltd.,

14, 1st Floor, 2nd ’A' Cross, 16th ’C' Main, 4th Block, Koramangala, Bangalore – 560034 India
Phone : +91 80 41468648 Mobile : +91 9945235126, 9900264111 Fax : +91 80 25503610

Website : www.live-inspace.com E-mail : liveinspacecorp@gmail.com

Real estate price

The government will soon repeal the Urban Land Ceiling Act, 1976. In an all-party meet held in Mantralaya on Thursday, the chief minister indicated his government would make provisions to repeal the Act. He said as part of pre-conditions of Jawaharlal Nehru National Urban Renewal Mission, repealing the Act would release almost 500 hectares of the land in the state. Officials of the Urban Development Department claimed that real estate prices in Mumbai would go down by 40 per cent once the Act is abolished.

The government has acquired 2,066 hectares of land from defaulters in the last two years under the Act, including 433 hectares in Mumbai, 271 in Pune, 354 in Thane, 361 in Nagpur, 377 in Ulhasnagar and 183 hectares in Nashik. The state was bringing in the housing scheme from November 1, and people would be taken into consideration before scrapping the Act.

CPI leaders alleged that the failure of the Act lay in the nexus of builders, bureaucracy, land owners and builders. Prakash Reddy of CPI said: “At least 30,000 acres land in Mumbai costing Rs90,000 crore could be released if the government implements the Act. Which means more than half of the debt of the state can be paid off with the fund. Over 300 land owners in Mumbai and suburbs hold land which is more than 500 sqm, the limit for holding maximum land as per the Act.” If the government tries to repeal the Act forcibly, they would gather people’s support to fight against the move, he said.

Plug and Play Office Space or Furnished office space

An Plug and play office space is generally a office space which is ready to occupy by an company and to start their business where everything needed for an office space will be pre-builded and kept ready to start and run an business.

The plug and play office space includes Ready to occupy spaces like Reception, Server room, Workstation (System Placing tables), Cabins, Disc room, Conference room, Library, Pantry area, Cafeteria, PABX (private automatic branch exchange), EPABX (electronic private automatic branch exchange), Data service, Voice Services, Access Control Services, wiring, network electronics, telephone system and wireless infrastructure to support a variety of needs, such as local and long-distance telephone, Internet access, local area network (LAN), wireless network, and connection to remote offices via a wide area network (WAN).

Live-inspace Corp serve provide services like plug and play office spaces in Bangalore, commercial spaces for rent in Bangalore, Office Spaces for rental in Bangalore, Commercial Spaces For Rent, Lease and sale services in Bangalore. Live-inspace corp serve provide services related to commercial stuffs throught Bangalore.

About Live-inspace Corp services

Live-in Space offers its customers a complete suite of Commercial and Office Space Solutions including buying, selling and leasing of property with an approach that is multi-disciplinary, well thought-out and completely integrated.

Accredited with an ISO 9001-2000 certification, Live-In Space is an eco-friendly firm who has effectively delivered numerous commercial projects by providing professional yet personalized services to our clients.

Right from selecting appropriate facilities to improving infrastructure to complete maintenance, we offer a variety of specialized and value-driven services that addresses the critical needs of the Corporates.

Founded in the year 2006, today live-in space has emerged as India’s most trusted Commercial Property Leasing Firm with a quality conscious and customer-centric mindset that is spreading its wings across many new frontiers.

Our office space Search facility is online. If you wish to speak to a serviced office space representative, then please call +91 (080) 41468648 or Mobile 9945235126, 9900264111.

Contact us for any type Commercial Real Estate Services and Advisory

Live-in Space Corp Serve & Pvt ltd.,

14, 1st Floor, 2nd ’A' Cross, 16th ’C' Main, 4th Block, Koramangala, Bangalore – 560034 India
Phone : +91 80 41468648 Mobile : +91 9945235126, 9900264111 Fax : +91 80 25503610

Website : www.live-inspace.com E-mail : info@live-inspace.com

Party Time For Property Owners In Bangalore

Office rents in Asian countries will continue to remain robust. US market is poised for a recovery only by the end of this year. Europe will continue to lag behind till late 2005. This summarises the forecast of global office rent market by three international property consultancy firms—Colliers Inter-national, Cushman & Wakefield and CB Richard Ellis.

However, in some Asian cities office rents are expected to remain stable or fall further during the course of this year. Among these is New Delhi in India, which stands at the fifth place on the most expensive city list in Asia (in terms of office occupation cost). The Cushman & Wakefield Asia-Pacific Office Market report estimates that the rents for Grade A office properties in central business districts (CBDs) in Delhi, Chennai and Hyderabad, however, will remain stable, while the Bangalore market will experience a 10-15 per cent rise on increased demand.

Besides Bangalore, the other Asian cities where office rents are expected to go up include Hong Kong, Seoul, Bangkok, Jakarta, Kuala Lumpur, Sydney and Shanghai.

In other major cities, the market is passing through the bottom out phase.

“Looking ahead, the Pan-Asian region’s outlook appears positive as many markets have shown signs of bottoming out and are expected to gradually strengthen in line with the economic revival,” mentions the Cushman & Wakefield Asia-Pacific Office Market report.

After the scare of SARS stunned the office space offtake in Asian market, cities such as Hong Kong, Jakarta, Bangalore, Bangkok, Kuala Lumpur, Seoul, Shanghai have rebounded back strongly following robust economic growth after June 2003. And with the gross domestic product (GDP) of most of these Asian economies, led by China, estimated to clock over seven per cent growth in 2004, the demand for high quality office space in central business districts of these cities is likely to remain strong. The Colliers International report says that Asia-Pacific countries—China, India, Hong Kong, South Korea, New Zealand, Australia—are doing well and they are all on the way up. The higher economic growth has already set in motion office rental recovery in cities such as Bangkok, Bangalore, Hong Kong, Shanghai and Jakarta, notes the CB Richard Ellies’ half-yearly report on global office rent market. It adds, “More mature Asian office markets, such as Hong Kong and Singapore, which underperformed than their counterparts in 2003 (particularly because of SARS spread), have already started showing signs of recovery.”

While new property development in 2003 has added a significant amount of supply to many major Asian cities such as Bangalore, Seoul, Sydney, Shanghai, and a large number of completions are also expected to increase the supply in 2004, the demand for quality office space will remain robust and push rents further upward, concludes Cushman & Wakefield report.

In India, the demand for quality office space in downtown Bangalore is growing stronger following the influx of information technology,

IT-enabled services and biotechnology companies to this city. Delhi CBDs, on the other hand, due to shortage of space, are losing out to its suburbs, particularly Gurgaon, which continue to outperform the city centres in terms of supply of quality and tailor-made office space to corporate tenants at much lower rates.

Plug and Play Office Space or Furnished office space    

An Plug and play office space is generally a office space which is ready to occupy by an company and to start their business where everything needed for an office space will be pre-builded and kept ready to start and run an business.

The plug and play office space includes Ready to occupy spaces like Reception, Server room, Workstation (System Placing tables), Cabins, Disc room, Conference room, Library, Pantry area, Cafeteria, PABX (private automatic branch exchange), EPABX (electronic private automatic branch exchange), Data service, Voice Services, Access Control Services, wiring, network electronics, telephone system and wireless infrastructure to support a variety of needs, such as local and long-distance telephone, Internet access, local area network (LAN), wireless network, and connection to remote offices via a wide area network (WAN).

Live-inspace Corp serve provide services like plug and play office spaces in Bangalore, commercial spaces for rent in Bangalore, Office Spaces for rental in Bangalore, Commercial Spaces For Rent, Lease and sale services in Bangalore. Live-inspace corp serve provide services related to commercial stuffs throught Bangalore.

About Live-inspace Corp services

Live-in Space offers its customers a complete suite of Commercial and Office Space Solutions including buying, selling and leasing of property with an approach that is multi-disciplinary, well thought-out and completely integrated.

Accredited with an ISO 9001-2000 certification, Live-In Space is an eco-friendly firm who has effectively delivered numerous commercial projects by providing professional yet personalized services to our clients.

Right from selecting appropriate facilities to improving infrastructure to complete maintenance, we offer a variety of specialized and value-driven services that addresses the critical needs of the Corporates.

Founded in the year 2006, today live-in space has emerged as India’s most trusted Commercial Property Leasing Firm with a quality conscious and customer-centric mindset that is spreading its wings across many new frontiers.

Our office space Search facility is online. If you wish to speak to a serviced office space representative, then please call +91 (080) 41468648 or Mobile 9945235126, 9900264111.

Contact us for any type Commercial Real Estate Services and Advisory

Live-in Space Corp Serve & Pvt ltd.,

14, 1st Floor, 2nd ’A' Cross, 16th ’C' Main, 4th Block, Koramangala, Bangalore – 560034 India
Phone : +91 80 41468648 Mobile : +91 9945235126, 9900264111 Fax : +91 80 25503610

Website : www.live-inspace.com E-mail : liveinspacecorp@gmail.com

Office space leasing falls 38 pc

New Delhi: The leasing of office spaces fell 38 per cent from July-September at over 5 million sq ft in seven major Indian cities over the previous quarter due to the uncertain global economic environment, according to property consultant CB Richard Ellis (CBRE).

“Over 5 million sq ft of office space has been absorbed between July and September 2011 as compared to 8 million sq ft in Q2, 2011,” CBRE said in a statement.

According to CBRE’s latest report- India Office Market View Q3, 2011, the national capital region (NCR), Mumbai and Bangalore accounted for almost 80 per cent of space absorbed.

“The slowdown in office space take up is indicative of the global corporate sector sentiment affecting the Indian office property Market. It is also indicative of the continuing volatility in the financial markets within India,” CBRE South Asia Chairman and Managing Director Anshuman Magazine said.

Several European nations, including Greece, Portugal and Spain, are currently facing financial troubles on account of mounting debt.

The report reviews demand-supply and rentals for Grade A office space in seven major cities — Delhi NCR, Mumbai, Bangalore, Chennai, Hyderabad, Pune and Kolkata.

“This decline in absorption levels is further reflected in the slowdown in rental growth across key micro markets in the country. Over the next few months, I expect supply dynamics will dictate the rental movement especially in the CBD (central business district)”, he said.

CBRE, however, noted that absorption of office spaces during January-September 2011 was higher at 19 million sq ft against 15 million sq ft in the corresponding period of 2010. The report also revealed that over 5 million sq ft of new office supply entered the market during this time.

“This (new supply) is almost 50 per cent lower than the supply that came in the last quarter and can be largely attributed to the increase in the cost and reduction in availability of debt besides sluggish off-take of existing stock,” CBRE said.

The new supply was largely concentrated in NCR, Bengaluru, Pune and Hyderabad.

The consultant said the supply pressure would continue across most of the key IT/ITeS markets across India, thereby leading to stagnancy in rental values.

Plug and Play Office Space or Furnished office space    

An Plug and play office space is generally a office space which is ready to occupy by an company and to start their business where everything needed for an office space will be pre-builded and kept ready to start and run an business.

The plug and play office space includes Ready to occupy spaces like Reception, Server room, Workstation (System Placing tables), Cabins, Disc room, Conference room, Library, Pantry area, Cafeteria, PABX (private automatic branch exchange), EPABX (electronic private automatic branch exchange), Data service, Voice Services, Access Control Services, wiring, network electronics, telephone system and wireless infrastructure to support a variety of needs, such as local and long-distance telephone, Internet access, local area network (LAN), wireless network, and connection to remote offices via a wide area network (WAN).

Live-inspace Corp serve provide services like plug and play office spaces in Bangalore, commercial spaces for rent in Bangalore, Office Spaces for rental in Bangalore, Commercial Spaces For Rent, Lease and sale services in Bangalore. Live-inspace corp serve provide services related to commercial stuffs throught Bangalore.

About Live-inspace Corp services

Live-in Space offers its customers a complete suite of Commercial and Office Space Solutions including buying, selling and leasing of property with an approach that is multi-disciplinary, well thought-out and completely integrated.

Accredited with an ISO 9001-2000 certification, Live-In Space is an eco-friendly firm who has effectively delivered numerous commercial projects by providing professional yet personalized services to our clients.

Right from selecting appropriate facilities to improving infrastructure to complete maintenance, we offer a variety of specialized and value-driven services that addresses the critical needs of the Corporates.

Founded in the year 2006, today live-in space has emerged as India’s most trusted Commercial Property Leasing Firm with a quality conscious and customer-centric mindset that is spreading its wings across many new frontiers.

Our office space Search facility is online. If you wish to speak to a serviced office space representative, then please call +91 (080) 41468648 or Mobile 9945235126, 9900264111.

Contact us for any type Commercial Real Estate Services and Advisory

Live-in Space Corp Serve & Pvt ltd.,

14, 1st Floor, 2nd ’A' Cross, 16th ’C' Main, 4th Block, Koramangala, Bangalore – 560034 India
Phone : +91 80 41468648 Mobile : +91 9945235126, 9900264111 Fax : +91 80 25503610

Website : www.live-inspace.com E-mail : liveinspacecorp@gmail.com

Office space in Bangalore metros

New Delhi, Aug 09: About 10% of all office space across metros stood vacant in the first quarter of the fiscal. Mumbai witnessed an average 10% vacancy, the highest among the four metros: Delhi, Bangalore, Mumbai, Chennai. On the other hand, the lowest mean vacancy was witnessed by crowded Bangalore at 4%.

Central districts have lesser vacant spaces as they continue to be more sought after compared to suburban areas. However, large transactions are happening in suburbs.

The vacancy level was arrived at by taking a mean of vacancy across the four metros across all sub-markets.

According to global real estate research firm Jones Lang Lasalle (JLL), only 1% of the central business district area (MG Road) in Bangalore remained vacant in Q1 2006. Among prime location vacancy, about 4% of Delhi and Mumbai offices wore an empty look. Chennai’s prime locations like Anna Salai and Venkatanarayana roads had a vacancy rate of 3% indicating the rapid development the city is undergoing.

Peripheral districts (PDs) of metros, however, witnessed high vacancy.

With the huge IT business influx, PDs of Bangalore (Whitefield, Electronic City) had low vacancy at 6% against high vacancy in Delhi suburbs (Gurgaon-12%), Mumbai (Navi Mumbai-14%). Chennai suburbs like the IT highway, however remained crowded with a low vacancy of 6%.

The major space acquisitions are being done by IT companies.

mong highest office transactions across four metros, Chennai saw the largest ones. Cognizant topped with a transaction of about 3,25,000 sq ft space followed by TCS (3,00,000 sq ft) and Satyam (2,00,000 sq ft), all in Chennai.

In Delhi, the large transactions include: GE money (2,00,000 sq ft) in Infinity, Bharti (1,37,000 sq.ft) in Unitech Cyber Park and CSC (1,25,500 sq.ft) in sector 58, Noida. In Mumbai, about 1.2 million sq ft was transacted in Q1 ’06. Key transactions during the quarter were – Novartis (44,000 sq ft) in Lower Parel, Anchor India (35,000 sq ft) and Pan Gulf (18,000 sq ft). The vacancy in prime locations was up 2% compared to the last quarter.

Plug and Play Office Space or Furnished office space    

An Plug and play office space is generally a office space which is ready to occupy by an company and to start their business where everything needed for an office space will be pre-builded and kept ready to start and run an business.

The plug and play office space includes Ready to occupy spaces like Reception, Server room, Workstation (System Placing tables), Cabins, Disc room, Conference room, Library, Pantry area, Cafeteria, PABX (private automatic branch exchange), EPABX (electronic private automatic branch exchange), Data service, Voice Services, Access Control Services, wiring, network electronics, telephone system and wireless infrastructure to support a variety of needs, such as local and long-distance telephone, Internet access, local area network (LAN), wireless network, and connection to remote offices via a wide area network (WAN).

Live-inspace Corp serve provide services like plug and play office spaces in Bangalore, commercial spaces for rent in Bangalore, Office Spaces for rental in Bangalore, Commercial Spaces For Rent, Lease and sale services in Bangalore. Live-inspace corp serve provide services related to commercial stuffs throught Bangalore.

About Live-inspace Corp services

Live-in Space offers its customers a complete suite of Commercial and Office Space Solutions including buying, selling and leasing of property with an approach that is multi-disciplinary, well thought-out and completely integrated.

Accredited with an ISO 9001-2000 certification, Live-In Space is an eco-friendly firm who has effectively delivered numerous commercial projects by providing professional yet personalized services to our clients.

Right from selecting appropriate facilities to improving infrastructure to complete maintenance, we offer a variety of specialized and value-driven services that addresses the critical needs of the Corporates.

Founded in the year 2006, today live-in space has emerged as India’s most trusted Commercial Property Leasing Firm with a quality conscious and customer-centric mindset that is spreading its wings across many new frontiers.

Our office space Search facility is online. If you wish to speak to a serviced office space representative, then please call +91 (080) 41468648 or Mobile 9945235126, 9900264111.

Contact us for any type Commercial Real Estate Services and Advisory

Live-in Space Corp Serve & Pvt ltd.,

14, 1st Floor, 2nd ’A' Cross, 16th ’C' Main, 4th Block, Koramangala, Bangalore – 560034 India
Phone : +91 80 41468648 Mobile : +91 9945235126, 9900264111 Fax : +91 80 25503610

Website : www.live-inspace.com E-mail : liveinspacecorp@gmail.com

Office rental mkt up in India: CB Richard Ellis

New Delhi: India’s rental market for office space is firming up on account of increase in demand and more enquiries converting into closures, according to the findings of CB Richard Ellis India’s latest report titled “Indian Office Market View” for Q 3, 2010.

The report covers grade A office space rentals across cities of NCR, Mumbai, Bangalore, Chennai, Hyderabad, Pune and Kolkata.

While rentals in grade A projects in the central business districts of Delhi increased by 4% (q-o-q), Mumbai by 3%, Bangalore by 3%, Kolkata by 10% and Pune by 4%, rentals in Chennai and Hyderabad remained constant when compared to the last quarter.

The report also stated that occupiers are actively looking at options in Secondary Business Districts (SBD) in Delhi NCR, Mumbai, Hyderabad and Bangalore owing to relatively affordable rents with improved infrastructure and a main city location. The Central Business Districts (CBD) of Chennai, Pune and Kolkata witnessed substantial increase in enquiry levels and transaction velocity of mid-sized and small office format improved as compared to the last quarter.

Market research and data collected across the 7 cities suggests that a large number of companies are reviving their expansion plans, while demand is also increasing for SEZ office space. This is indicative enough of a revival of demand and the substantial improvement in the market activity across the country. .

According to Anshuman Magazine, MD, CB Richards Ellis, “Over the past few months, there has been an improvement in commercial leasing activity primarily due to the revival of expansion and consolidation plans by several corporate occupiers. I believe that overall demand for office space would witness an improvement. I also believe that rental increase will remain in check in the medium term due to ongoing supply.”

The report also indicates that there has been a considerable increase in the transaction volume in almost all major metros of India including Pune and Kolkata with Hyderabad expected to witness higher rentals owing to an increase in demand for commercial office space by end of this year.

Some of the major rentals trends as per the findings of the report are:

1. In the NCR Region, companies committed to high rental values (prevailing during 2007) opted to renegotiate over shifting out to secondary markets due to location advantage and metro connectivity.

2. Mumbai expects a large supply of office space towards the end of this year. The existing tenants of Central Business District (CBD) of Nariman Point, continued to evaluate options in the Extended Business District (EBD) and the Alternate Business District (ABD) due to good quality construction and infrastructure offered in this location

3. In Bangalore, corporates looking for expansion options within the city limits are readily contemplating the Non CBD micro market of Indira Nagar, Koramangala, Old Madras Road & CV Raman Nagar as the most feasible option due to ready availability of Grade A space, lower rentals, rapidly improving infrastructure and good connectivity.

4. In Hyderabad, since supply in the IT corridor is expected to come only in the second quarter of 2011 and there is limited supply and increasing rentals in areas like Madhapur and HITEC City; hence many IT companies looking for smaller format office spaces may consider areas such as Pocharam and Uppal, as these micro markets have abundant availability of ready supply.

5. In Pune, the Central Business District (CBD) of MG Road, Koregaon Park, Bund Garden, Kalyani Nagar, Dhole Patil, FC Road and JM Road witnessed slight increase in enquiry and demand levels for small format office spaces. Here again, a lot of corporates are moving within the CBD to more efficient buildings

6. In Kolkata, the Central Business District (CBD) of Chowringhee, B.B.D.Bag, Park Street and Camac Street witnessed substantial increase in enquiry levels and transaction velocity also improved when compared to the last quarter.

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