Ahmedabad: Top Corporate Realty Market of India

Ahmedabad has emerged as the biggest commercial real estate market in India. According to the latest CB Richard Ellis (CBRE) report, this city has been a leader for the past five years in terms of office space stock and office space absorption trends.

“Ahmedabad’s investment grade office stock grew exponentially from less than 20 million square feet in the early 2000s to 127 million square feet in 2015-at a compound annual growth rate (CAGR) of 13 per cent over the last 15 years. This has placed the city well ahead of other leading Indian office hubs”, CBRE said in a statement.

Top Corporate Realty Market of India

A combination of factors are responsible for making Ahmedabad the most sought after corporate realty destination. Some of the most critical factors have been discussed below:

IT/ITES sector:

Known as the Silicon Valley of India, Ahmedabad has witnessed phenomenal growth in the IT/ITES sector since the early Y2K controversies. Home to more than 40% of the total IT companies in India, the city still continues to attract foreign investment because of supportive government policies, conducive to growth culture and exceptional talent pool. This trend has created a huge demand for commercial real estate spaces in the city for constructing retail spaces, commercial office spaces, IT city centres and IT parks.

Connectivity:

Another reason why this city is considered as a preferred base for corporates is its excellent connectivity. Ahmedabad is home to the third largest airport in India, it is a major railway hub, and has convenient access to major economic centres of India – Mumbai-Pune region, Hyderabad, Chennai and the West Coast. In addition, the city’s local transportation network is superior to that of most other cities in India.

Growth of E-commerce and Global Captive Centres (GCCs):

Off late, major demand for commercial real estate in Ahmedabad is coming from e-commerce players and on-demand car-sharing players. Also, this city plays host to the largest number of GCCs in India, contributing to increasing demand of commercial real estate.

Breeding Ground for Start-Ups:

The booming technology sector, availability of a huge talent pool and stable government has made Ahmedabad a fertile base for starting and running successful businesses. This flourishing start-up culture is also responsible for boosting the demand for commercial realty in Ahmedabad.

Talent Pool:

Ahmedabad is home to many internationally renowned management, medical and engineering colleges. The availability of highly qualified skill pool has been one of the major reasons why corporates prefer to establish their operations in this city.

Therefore, it is evident that Ahmedabad has all the potential to sustain its position as a leader in corporate realty market in India.

Insanely Unique and Mind Blowing Buildings Around the World – Part 1

Indira Gandhi Planetarium, India

“Situated at Surajkund Park, it is a novel attraction of the city. The Saturn shaped building of the planetarium is unique of its kind.” Indira Gandhi Planetarium building is in unique Saturn shape with its five rings. The 21 meter diameter spherical building of the planetarium rest on platform, which is especially designed to give an idea of crater formation on celestial bodies. The platform is surrounded by waterpool with fountains.

Montana Magica Lodge, Chile

A strange volcano-like building spews water instead of lava; its welcoming windows embellish with moss and vines, complementing the surrounding trees.

Deep in southern Chile lies the Montana Magica Lodge – an extraordinary hotel hidden away in the centre of a 300,000-acre private nature reserve. It might be completely artificial but the Montana Magica lodge in Chile even ‘erupts’ every day, sending water running down the outside of the 13-room guest house. This incredible, mind-blowing building is startlingly beautiful, and is nestled in the heart of a gorgeous natural reserve in South America.

Singapore Pavilion, Singapore

The music-box-like Singapore Pavilion is a two-story structure with an “Urban Symphony” theme. The theme is inspired by the harmony of unique elements in Singapore: progress and sustainability, urbanization and greenery, tradition and modernity and a cosmopolitan mix of residents of different races living peacefully together. The pavilion incorporates an orchestra of elements into its design – music fountains, an interplay of sounds and visuals, and roof garden flora, with the country’s unique rhythm and melody.

Toilet-Shaped House, South Korea

The Toilet-Shaped House has a very unique design, and was built by Sim Jae-duck, the chairman of the organizing committee of the Inaugural General Assembly of the World Toilet Association, and he hopes his toilet house will highlight the global need for better sanitation.

Sutyagin House, Russia

The Sutyagin House was a wooden structure in Arkhangelsk, Russia. The 13-story, 144-foot tall residence of a local entrepreneur Nikolai PetrovichSutyagin was reported to be the world’s tallest wooden house. Constructed by Sutyagin and his family over 15 years, without formal plans or a building permit, the structure deteriorated while Sutyagin spent a few years in prison on racketeering charges.

Piano and Violin Building, China

This unique piano house was built recently in An Hui Province, China. Inside of the violin is the escalator to the building. The building displays various city plans and development prospects in an effort to draw interest into the recently developed area.This unusual Piano and Violin shaped building built in 2007 serves as showroom for exhibiting the plans for newly created district of Shannan in Huainan City, China.The transparent Violin houses the escalators and the staircase for the main piano building which displays various plans and development prospects for newly developed area.

Nautilus House, Mexico

The Nautilus house located near Mexico City is a unique shell shaped house designed by Mexican architect Javier Senosiain of ArquitecturaOrganica. The house design is very innovative, unusual and audacious. Javier Senosiain decided to bring the life aquatic into architecture.

PricewaterhouseCoopers Building, United Kingdom

The PricewaterhouseCoopers building claimed to have the title of the most environmentally friendly building in London. This marvelous structure makes use of renewable energy sources and integrates an advanced IT system. This system lets workers change the light and temperature in their space to suit their individual needs.

Masdar City, Abu Dhabi

The low-carbon development of Masdar City has an integral role in transforming Abu Dhabi’s economy from an oil foundation to one with a knowledge and innovation base. It serves as a centralised test bed for global renewable energy and technology companies. The city itself is designed to maximise convenience and reduce environmental impacts.

Crystal Island, Russia

This eye-catching building,crystal island in Moscow is set to become the world’s largest building. Enclosed within a vast mega structure covering a total floor area of 2.5million square metres – the project’s scale is unprecedented. At 450m the scheme in one of the tallest structures enclosing the largest volume, on the planet. It also creates a spectacular new emblem on the Moscow skyline. Conceived as a self-contained city within a city, it contains a rich mix of buildings including museums, theatres and cinemas, to ensure that it is a major new destination for the whole of Moscow.