Many small & medium size businesses are growing in Rajarhat Newtown area, as the commercial establishment cost is very reasonable as per comparison with other cities.
According to a recent study by Cushman & Wakefield India, Kolkata's office market is expected to witness supply of close to 13 million sq ft (msf) in the next five years (ie, 2012-2016). Absorption for the same period is expected to be approximately 8 msf, which means approximately 61 percent of the upcoming supply, is expected to get absorbed.
According to the same report the demand is expected to be driven by the IT/ITeS sector. Being an IT hub, Salt Lake and Rajarhat are the most lucrative option for the builders.
The Economic Times provided the full report regarding this. A good future is ahead of Kolkata, westbengal.
According to a recent study by Cushman & Wakefield India, Kolkata's office market is expected to witness supply of close to 13 million sq ft (msf) in the next five years (ie, 2012-2016). Absorption for the same period is expected to be approximately 8 msf, which means approximately 61 percent of the upcoming supply, is expected to get absorbed.
According to the same report the demand is expected to be driven by the IT/ITeS sector. Being an IT hub, Salt Lake and Rajarhat are the most lucrative option for the builders.
The Economic Times provided the full report regarding this. A good future is ahead of Kolkata, westbengal.
Tags:
newtown