According to CRISIL RATINGS notes on Wednesday, the Indian Grade A commercial office space is expected to increase by 8-10 % next year. Credit -rating agencies are promoted by strong demand from sectors such as banks, financial services, insurance, and global ability centers, and are expected to bring the pure lease to 47 to 49 million square feet. I mentioned.
GCCS plays an important role, contributes to 30-40 % of pure leasing activities in India, and covers various sectors, including IT/ITE, BFSI, and manufacturing, continue to increase lease demand. I added that it is highly possible. With Bengalur and Heidela Bard.
Grade A’s office space is expected to reach about 52 million square feet in this fiscal year, following the following 55 million square feet. Almost half of this new supply may be in Bengalur and Heidelabad, which is promoted by demand from GCCS. The vacancy rate is expected to decrease to about 17 % for the two -year fiscal year, and CRISIL RATED office players predict 7-9 % of the vacancy level by the end of the next fiscal year.
“With the abundant human resources pool and costs in India, the GCC has evolved beyond the traditional role of providing support services,” said the report. “Instead, they are integrating business management and emerged as a strategic hub that utilizes state -of -the -art technology.”
This report emphasizes that stable cash generated from the contracted rental escalation, modest rise in occupation levels, and cautious leverage to keep the credit profile of a commercial real estate office player, which is evaluated. 。 “Improvement of occupation rate and stable rental growth will increase the credit profile healthy even if the player enlarges the portfolio, increasing the cash flow of Christian office players.”
The rating warned potential risks that could affect lease demand. “The slowdown in economic growth and the global regulations that affect employment and the company’s business expansion plan may affect leases and withstand surveillance,” said the report. In addition, maintaining cautious leverage by the player remains important.
