MNCs Buy Offices Worth 2,470 Cr In India: Cushman & Wakefield

C&W Executive Managing Director, South Asia Sanjay Dutt said: "Companies that have established operations in India and are confident of their projections and potentials in the country are now tailoring their real estate requirement so that they can be more cost-effective.

"Companies in specific sectors such as pharma and IT&ITes are looking to consolidate their research and development divisions with their front-end divisions in a single set-up and are looking for assets to purchase as it proves to be a cost effective strategy for companies."

The consultant noted that buying office space proves to be cost beneficial in long term as rents have been increasing every year from 2011 to 2013 in most of the prime markets where MNCs have typically leased office spaces.

"Capital values have also increased moderately during the period. Hence, companies stand to gain financially if they decide to deploy capital to acquire the spaces they occupy," C&W said.

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