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Flexible office space stock to grow 10-15 pc annually from current 36 million sq ft: Report
NEW DELHI, May 12: India’s flexible office space segment has a total stock of 36 million sq ft currently and is likely to grow 10-15 per cent annually over the next three years on rising demand from corporates, according to CBRE.
Property consultant CBRE South Asia Pvt Ltd has released its report ‘The Future is Flex’ that highlights emerging trends and future expectations in India’s flexible space segment.
CBRE expects India’s flexible stock to grow by 10-15 per cent (year-on-year) from the current 36 million sq ft in the next three years driven by hybrid space demand, expansion across cities and sustained funding.
India s flexible office space segment has a total stock of 36 million sq ft currently and is likely to grow 10-15 per cent annually over the next three years on rising demand from corporates, according to CBRE. Property consultant CBRE South Asia Pvt Ltd has released its report The Future is Flex that highlights emerging trends and future expectations in India s flexible space segment. CBRE expects India s flexible stock to grow by 10-15 per cent (year-on-year) from the current 36 million sq ft in the next three years driven by hybrid space demand, expansion across cities and sustained funding. As of Q1, 2021 calendar year, Bengaluru holds a stock of 11.6 million sq ft, the maximum in the country, followed by Delhi-NCR at 6.6 million sq ft and Hyderabad at 5.7 million sq ft.
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Sprawling film city in YEIDA to serve as extension for Bollywood and regional film industries
For the project, YEIDA has identified a site of 1000 acres in Sector 21 for the Greenfield Film City. The identified site is a mix of commercial (220 Acres) and Industrial land (780 Acres) use as per YEIDA Master Plan.
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With the development of Noida International Airport near Jewar in YEIDA, a film and infotainment city is being planned in the region. The proposed project is envisioned to be at par with international standards and may serve as an extension for Bollywood and other regional film industries.