December 2015. The two lines running
North-south and East-west will help
decongest the roads.
• Road widening projects in East
Bangalore will help ease the traffic.
• Development of Peripheral Ring Road
with a budget of $1.4 billion and near
completion of the Bangalore–Mysore
Infrastructure Corridor (NICE Road).
• The upcoming Bangalore-Mumbai
Industrial Corridor with five National
Investment and Manufacturing Zones
• Expansion of Kempegowda
International Airport will include a new
terminal and a second runway.
NEW DELHI (NCR)
The New Delhi commercial real estate
market has been stagnant for a year,
but has picked up pace recently. Due
to the projected market demand, the
2016 outlook is quite positive. Most
companies in the National Capital
Region (NCR) region have been moving
further out to save on cost. Due to this,
the NCR region has been expanding in
all directions. The New Delhi and NCR
market can be broadly divided into three
major commercial regions, mainly - New
Delhi, Gurgaon, and Noida.
• New Delhi - Mumbai Industrial Corridor
is by far the biggest infrastructure project
in India with the New Delhi/NCR at one
end of the project.
• The Eastern Peripheral Expressway
– a 135 km-long, 6 lane expressway
with a total project cost of $750 million
proposed to decongest New Delhi is
• The New Delhi Meerut Expressway,
which will connect the satellite city to
• DMRC’s Delhi metro Phase 3 is much
awaited as development is built along
the metro route.
• The Rapid Rail Transit System will ease
the travel situation in New Delhi/NCR.
This is a proposed integrated multi-modal transportation system connecting
New Delhi to its satellite towns.
• The New Delhi-Jaipur expressway
will ease the travel conditions between
the two cities as it is also a part of major
The Indian real estate sector is entering an
era of transparency and professionalism.
The new laws have given a strong voice
to the consumer. Like any industry, these
changes will help the industry grow
steadily. With a projected sharp GDP
growth and the positive industry friendly
policies of the government, the Indian
real estate sector is at the cusp of taking
a leap into the future.
RECENT MAJOR TRANSACTIONS – NEW DELHI
CLIENT BUILDING NAME LOCATION AREA - SF
SNAPDEAL ASF TOWER AND ASF CENTER GURGAON 500000
GODFREY PHILIPS OMAXE SQUARE JASOLA 77500
NAGORRO SOFT WARE SECTOR18 GURGAON 280000
HARRIS BROADCASTING CORRANTHUM NOIDA 80000
SAMSUNG OKAYA BUIDING SECTOR 62, NOIDA 150000
NEC HCL LOGIX TECHNO PARK SECTOR 127, NOIDA 120000
VFS GLOBAL BHARTI WORLD MARK AERO CITY 70000