Thursday, August 2, 2007

Office space in Growth.


Trammell Crow Meghraj, international realty consultants, recently launched in Mumbai the TCM Knowledge Centre’s latest strategy paper “Changing Dimensions --- Emerging Themes of Office in Indian Real Estate Markets.”

Addressing the media on the occasion, Anuj Puri, Managing Director of TCM, and Tanaji Chakrabarti, president of TCM Knowledge Centre, revealed that the paper analysed the evolution of office space in the last 10 years and projected the course it will follow in the coming years. It also stated the implications of these trends and dynamics for real estate occupiers of office space sector.

After a decade of growth, realignment, consolidation and expansion in the office space sector, it is vitally important the understand the contemporary dynamics in order to correctly anticipate occupier choices in the near future. They further opined that the emergence of tier-II and tier-III cities and of special economic zones (SEZs) are the two aspects that would define office space sector during the days to come.

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