Bangalore Emerges as Safest Property Market in India

During the year 2011 when almost all other matured property market witnessed dip in transaction and price correction was on everyone’s lip, Bangalore registered both healthy transaction as well as upward price movement. While the home loan interest rate hikes are dampening the property market in other parts of the country, sales are steady in Bangalore because there has been substantial wage inflation too.

Bangalore typically has first home-buyers in the 27-35 years of age. “Younger home-buyers are willing to take the rate hike,” says Archana S. Bhargava, Executive Director, Canara Bank.

Some property analysts believe Bangalore is possibly the safest location for investments in the world. Prices do not skyrocket or get hyped here and they do not go downwards too like they have in many other prominent locations in India. This is because Bangalore is a market where most of the property purchases are by end users and not speculators. Speculators treat it as a pure investment for financial gains.

A leading real estate company conducted a study on the pattern of first purchases (purchase straight from developer) by end-users. The study found a surprising and comforting factor that 81.2 percent of first purchases in Bangalore were by end-users and not speculators or investors who look for just financial returns. This figure in locations such as Mumbai could be as low as 40 percent.

The advantage of end-users buying more is prices do not appreciate or depreciate at abnormal percentage across the city. This is comforting factor for a homebuyer since the prices would be stable and would move upwards or downwards within a small band. Even during the recession, the salability in Bangalore property was quite visible. Also, the market here is not driven by economic sentiment in some other parts of world but by the actual demand and supply situation in the particular location where the project is located.

Bangalore real estate has, of late, seen a spate of transactions where high networth investors (HNIs) have scooped up fixed rental income assets. Traditional business families from Kolkata and Uttar Pradesh, who in the past financed developers in cities like Chennai, have moved their capital in Bangalore in recent years. A Kolkata-based investor has acquired 2.17 lakh sft of commercial space from Leading Property Developments for Rs 141 crore. The office space at Leading Paragon in Bangalore’s IT suburb Brookefields is occupied by tech giant Intel.

The Silicon Valley of India is also witness to more and more land being dedicated to the establishment of tech parks and commercial real estate Grade-A office space. According to global workplace solutions provider Vestian CEO (Asia Pacific) Shrinivas Rao, “In the last five years, around 50 million sq ft of commercial real estate Grade-A office space has been absorbed, out of which more than 75 per cent has been taken by IT/ITeS.”

Bangalore has also seen an escalation in rents of residential apartments during Q2’11 (April-May-Jun-2011) over Q2’10, according to the real estate portal 99acres.com. The rate of appreciation differs in each micro market but most localities have witnessed double digit growth.

“The commercial property prices in Bangalore are more affordable compared to those in NCR and Mumbai. Tenants here are more stable and pedigreed, given the dominance of the IT industry. And these are huge positives for HNI investors,” says Anuj Nautiyal, Executive Director, Redwoods Capital, a real estate brokerage and asset management firm.

He reckons that Bangalore may now be the top metro in terms of HNI transactions by volume even though Mumbai and NCR would outstrip it by value. Standard Chartered Bank, Kotak Mahindra and ICICI Securities are pushing Bangalore’s commercial real estate story to their private banking clients and often syndicating deals on their behalf for 10-12% annualized return. The city’s realty is seen as more competitive and open, which often enables investors to wrest better deals.

Now that metro rail has zoomed across Bangalore, the real estate industry in the city is also seeing property prices zoom. From Old Madras Road to Byappanahalli, realty has zoomed up by the sq ft – from Rs 3,000 to Rs 6,000 per sqft. Developers as expected are now rushing to start projects along the first phase of metro. What is getting property developers really excited is the second phase of Bangalore metro which will be launched in December 2012. This phase will connect most suburbs to the commercial hubs of the city. Property prices in these areas are increasing by 10 to 15 per cent in anticipation of the metro.

Real estate prices along the Metro will follow the same pattern as in Delhi where prices shot up by 15% to 20%, says Sushil Mantri, CMD of Leading Developer Company.

Namma Metro MD N Sivasailan says, “In fact the people who protested are now the biggest champions of the metro, they are happy that business is booming.”

Irfan Razack, CMD of Prestige Group says the action has moved from downtown to the suburbs. Metro connectivity to areas like Kanakapura and Mysore Road will see a lot of realty traction. Hence, price escalation on the periphery is sharper than in the Central Business District.

Moreover, with the value revision coming into effect, most localities in Bangalore could see an upward revision of 15-20 per cent in property values. This is likely to impact property-buying in the city.

No wonder, large industrial houses such as the Tatas, L&T, Godrej, Murugappa, Mahindra & Mahindra etc have established presence in the real estate sector here, and the Coimbatore-based LMW and Lakshmi Mills also are gearing to enter. This makes Bangalore the most sought after property market. Mumbai-based Godrej Pro­perties (GPL) has already launched three projects in Bangalore.

As S.S. Asokan, Executive Director, Shriram Properties says, “The presence of reputed corporates in the real estate sector provides an assurance of quality to real estate projects and the buyers are the biggest gainers from their entry.”

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Highly Commercial Office Space for rent

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Plug and Play office Spaces in Bangalore

Plug and play office space

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

Plug and play office space for rent in Bangalore

Plug and play office space for rent in Bangalore

History of Office space

The structure and shape of the office is impacted by both management thought as well as construction materials and may or may not have walls or barriers . The word stems from the Latin officium, and its equivalents in various, mainly romance, languages. Interestingly, this was not necessarily a place, but rather an often mobile ‘bureau’ in the sense of a human staff or even the abstract notion of a formal position, such as a magistrature. The relatively elaborate Roman bureaucracy would not be equaled for centuries in the West after the fall of Rome, even partially reverting to illiteracy, while the East preserved a more sophisticated administrative culture, both under Byzantium and under Islam.

Offices in classical antiquity were often part of a palace complex or a large temple. There was usually a room where scrolls were kept and scribes did their work. Ancient texts mentioning the work of scribes allude to the existence of such “offices”. These rooms are sometimes called “libraries” by some archaeologists and the general press because one often associates scrolls with literature. In fact they were true offices since the scrolls were meant for record keeping and other management functions such as treaties and edicts, and not for writing or keeping poetry or other works of fiction.

Office spaces

The main purpose of an office environment is to support its occupants in performing their job – preferably at minimum cost and to maximum satisfaction. With different people performing different tasks and activities, however, it is not always easy to select the right office spaces. To aid decision-making in workplace and office design, one can distinguish three different types of office spaces: work spaces, meeting spaces and support spaces. For new, or developing businesses, remote satellite offices and project rooms, Serviced Offices can provide a simple solution and provide all of the former types of space.

Plug and play office spaces

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).

 Private office – An enclosed work space for one person, suitable for activities which are confidential, demand a lot of concentration or include many small meetings

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Individual or Private Offices

Team Space - An enclosed work space for four to ten people; suitable for teamwork which may be confidential and demands frequent internal communication

Meeting spaces

Meeting spaces in an office are typically used interactive processes, be it quick conversations or intensive brainstorms. There are six generic types of meeting space, each supporting different activities.

Small meeting room – An enclosed meeting space for two to four persons, suitable for both formal and informal interaction

Office space for rent in Bangalore

Small Meeting Room

Large meeting room – An enclosed meeting space for five to twelve people, suitable for formal interaction

Small meeting space – An open or semi-open meeting space for two to four persons; suitable for short, informal interaction

Smoking room – An enclosed support space where employees can smoke a cigarette

Library – A semi-open or enclosed support space for reading of books, journals and magazines

Office structure

There are many different ways of arranging the space in an office and whilst these vary according to function, managerial fashions and the culture of specific companies can be even more important. Choices include, how many people will work within the same room. At one extreme, each individual worker will have their own room; at the other extreme a large open plan office can be made up of one main room with tens or hundreds of people working in the same space. Open plan offices put multiple workers together in the same space, and some studies have shown that they can improve short term productivity, i.e. within a single software project. At the same time, the loss of privacy and security can increase the incidence of theft and loss of company secrets. A type of compromise between open plan and individual rooms is provided by the cubicle, possibly made most famous by the Dilbert cartoon series, which solves visual privacy to some extent, but often fails on acoustic separation and security. Most cubicles also require the occupant to sit with their back towards anyone who might be approaching; workers in walled offices almost always try to position their normal work seats and desks so that they can see someone entering, and in some instances, install tiny mirrors on things such as computer monitors

See also

References :

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Live-in Space Corp Serve provide services like plug and play office space for rent in Bangalore, commercial space for rent in Bangalore, Office Space for rental in Bangalore, Commercial Space for Rent, Lease and sale services in Bangalore. Live-in Space Corp Serve provides services related to commercial stuffs throught Bangalore.
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