BPOs to Require 200 million sq ft Office Space by 2008 - Rocsearch Report
Released on: October 15, 2007, 8:51 am
Press Release Author: RocSearch India
Industry: Consumer Services
Press Release Summary: RocSearch, a fast-growing, UK-based, business research and analytics firm, released a comprehensive analysis of the Indian real estate market, which could be of special interest to investors.
Press Release Body: India, 15 October, 2007: RocSearch, a fast-growing, UK-based, business research and analytics firm, released a comprehensive analysis of the Indian real estate market, which could be of special interest to investors.
The RocSearch report contains a description of the growth drivers and draws a picture of the macro-environment of the real estate industry in a PEST framework.
The report also lists the major players, both institutional and private, in this field. It provides a comparison of the Indian real estate market with major cities in the Asia-Pacific region.
RocSearch analysts estimate that private equity funds will invest about US$5-8 billion in the country's real estate sector between 2006 and 2008. It is also noted that real estate investment yields in India are in the range of 10-12% as compared to a 5-7% yield in mature markets of advanced countries.
With an estimated 70% of the new construction in the commercial space needed for the info tech sector, India's information technology (IT) and business process outsourcing (BPO) industry expected to grow to US$148 billion by 2012 is likely to require about 200 million sq. ft of office space by 2008.
The study predicts a sustained demand for housing with increasing disposable incomes, affordable home loans, urbanization and the emergence of a younger earning age group. It also provides insight on the widening demand-supply gap for international quality real estate space in the A-grade cities of India, creating a spillover demand in smaller cities.
About RocSearch
RocSearch is a fast-growing, UK-India based professional services firm providing research and analytics support services to Research and Consulting firms, Brand & Marketing Communication firms, Investment Advisory firms and Corporates. It provides business, market, financial and emerging markets research and analytics services with a focus on fact-based problem solving.
RocSearch helps support business development, client engagement, product development and thought leadership initiatives of clients globally. Its India-based knowledge centre is equipped with a growing analyst team capable of fulfilling dynamic custom research requirements and adapting to client-specific processes.
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