The Silicone Valley of India, Bangalore has a lot to offer when it comes to leasing with its expanding city limits. While looking for a seamless transition towards leasing, you should definitely look towards the leasing trends in Bangalore to ensure your suitable interests while investing.
In a city like Bangalore where the real estate market is always growing at a booming speed. Leasing has an enormous growth potential due to many benefits such as tax savings, retaining ownership, gain over the asset value and capital appreciation to lessor. It’s a complete win-win for both parties, benefiting the lessee through availability of capital to invest, stability of finances, tax benefits and long term estimation of costs.
Projects used under leasing generally include commercial buildings, warehouses, office spaces, showrooms and more. As commercial projects come with large investment and heavy assets at one go, it is difficult for investors to risk their capital and security while developing the business on the other side.
Bengaluru being stated as the most liveable large city in the country, as per the Ease of Living Index (EoLI) – 2020. Let’s have a look at the trends and future outlook of real estate leasing in Bangalore
- Fast-growing sectors like IT/ITeS:
Due to aggressive hiring in growing sectors of India, the demand for office space may rise 14 per cent in 2022 to 60 million square feet in Bangalore. With the comeback of employees to the working spaces after the pandemic, real estate also has definitely made a comeback.
- Evolution of E-commerce brands and retailers:
With the startups making a boost online, everyone wants to approach a remarkable D2C experience by creating their own store. With expanding reach, smaller brands focus towards more traction and awareness, keeping less capital investment and risks in mind. Hence, commercial leasing allows them to take a calculated approach.
- Tech- enhanced real estate in demand:
While bringing work-life balance is the main focus, every corporate workspace demands space efficiency. Including better wellness, user experience, elevation facade, customised tech spaces and sustainability, an increase is expected in high quality infrastructural buildings by developers.
With the vision of creating affordable and modern office and retail spaces, Goyal & Co.| Haryana Group specialise in built to suit, warehouse, and commercial leasing with some of the best land locations on offer in Bangalore. Renowned for its transparent, fair dealings and competitive lease rent, Goyal & Co.| Haryana Group ensures complete peace of mind to all the tenants and occupiers. Right from planning to execution we promise perseverance, innovation, and transparency in every step of the process.