Foreign Investment

India’s Major Markets

These growing regions hold promise for the future.

India’s robust commercial and residential real estate market, valued at about $50 billion at the end of 2005, is predicted to grow about 25 percent annually, according to Businessweek magazine. Nearly 23 million square feet of new office and industrial space came online last year, and that number is expected to increase to 50 million by 2009 according to Cushman & Wakefield Asia.

Bangalore

Population: 5.7 million
Class A Office Space
Average CBD rent: $12.11 psf/yr
Average suburban rent: $10.46 psf/yr
Average CBD sales price: $103 psf
Average suburban sales price: $80 psf

India’s offshore corporate campuses, such as the International Tech Park in Bangalore, often are self-sufficient complexes containing office, residential, retail, restaurant, service, and entertainment facilities.

Chennai

Population: 6.4 million
Class A Office Space
Average CBD rent: $11.60 psf/yr
Average suburban rent: $10.45 psf/yr
Average CBD sales price: $87 psf
Average suburban sales price: $71 psf

Delhi

Population: 13 million
Class A Office Space
Average CBD rent: $27.25 psf/yr
Average suburban rent: $17.89 psf/yr
Average CBD sales price: $205 psf
Average suburban sales price: $90 psf

Located in the Gurgaon district of Delhi, India’s capital, Park Centra is a planned commercial complex marketed to information technology companies. Amenities include a broadband connection, a leisure club, banks, restaurants, 24-hour cafes, and a high security system.

Brand visibility for tenants is a popular concept for Indian retail malls such as this one in North Delhi, which includes a rooftop food court that seats 500.

Hyderabad

Population: 5.5 million
Class A Office Space
Average CBD rent: $7.4 psf/yr
Average suburban rent: $6.9 psf/yr
Average CBD sales price: $62 psf
Average suburban sales price: $46 psf



The Cyber Gateway is the second building in Hyderabad, India’s HITEC City software center, which caters to offshore business processing clients including Microsoft, General Electric, Oracle, and Dell.

Mumbai

Population: 16.4 million
Class A Office Space
Average CBD rent: $46 psf/yr
Average suburban rent: $28 psf/yr
Average CBD sales price: $214 psf
Average suburban sales price: $235 psf

Oberoi Mall, located in the suburbs of Mumbai, India, is a six-story, 65,000 square meter structure combining parking, retail, and entertainment that will open in August 2006.

Pune

Population: 2.5 million
Class A Office Space
Average CBD rent: $10 psf/yr
Average suburban rent: $7 psf/yr
Average CBD sales price: $80 psf
Average suburban sales price: $55 psf

Recommended

Cross-Border Migration

Sep.Oct.13

As the immigration debate raged in Washington, D.C., earlier this year, inbound international investors were quietly establishing themselves as big players in the Federal City’s commercial real estate market. Cross border investment in the District of Columbia jumped 83.3 percent

Read More

Five Essential Tips for Working With Inbound Investors

Sep.Oct.13

In “Cross Border Migration,” CCIMs describe the changing inbound investment landscape. But how can U.S. based advisers foster business relationships with international investors? CCIMs offer these five tips. 1. Remember They’re not from here. “Be extremely patient,” says Ernest L.

Read More

From the Heartland to China

Jan.Feb.13

As the newly elected president of the Michigan Association of Realtors, Bill Milliken, CCIM, CIPS, president of Milliken Realty Co., in Ann Arbor, has set his sights on expanding Michigan’s international business and trade opportunities, which will have economic benefits

Read More

Mexico or Brazil?

Mar.Apr.12

With so much money accumulated on the sidelines, rising prices for U.S. trophy properties, and highly volatile European markets, international real estate investors are looking for new markets to conquer. According to the 2011 report by the National Commission of

Read More