Survey-Corporate real estate occupiers bullish on expanding offices

Corporate realty occupiers are bullish on expanding their offices across the country in next two years, says a survey. As per survey, respondents across major industry sectors remained bullish on their India expansion plan and are also likely to increase their headcount by 5-20 per cent in the next 2 years. "The findings of our survey indicate that office occupier sentiment is largely positive towards India's business environment for the next few years," said Anshuman Magazine, Chairman and Managing Director of CBRE South Asia. The choice of corporate workplace is being progressively driven by three objectives Talent (cost and availability), Infrastructure (physical and social) and Real Estate Options (cost and availability), it pointed out. Respondents of the survey included corporates based across different industry sectors and representatives of typical Indian office space occupiers. About 80 per cent of respondents from industries such as IT/ITeS, research, consulting and analytics, media, e-commerce and BFSI are aiming for a 20 per cent increase in employee headcount over the next two years, it added.

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