As the New Year commences, I am often faced with a query of ?So how do you think the market will fare in 2016?? To be honest, the dynamism of real estate market leaves me contemplating about an active strategy that a corporate occupier or a developer should adapt to optimize the returns from it.

With higher demands on productivity and a shift in occupancy patterns, it would benefit larger occupiers to continue to evolve medium ?term strategic initiatives rather than ad hoc tactics for occupancy planning. With a surge in demand from the start ?up firms, I guess we can expect the smaller, dynamic workspaces to be lapped up in 2016. It is indeed a good time for the furnished smaller offices as the start ? ups typically opt for the low- capex facilities. There has been an advent of smaller furnished offices to cater to this demand and I suppose this is a trend that would catch up.

By Karun Varma

As the India lead for Office Business at DLF, I am leading the leasing domain and expansion plans for DLF’s office assets. Currently with a span of over 40 million sq.ft. and growing, this portfolio represents tenants that list in the Fortune 500 global companies. At DLF, we prioritize tenancy services, underpinned by rigorous measures and processes, affirming our status as an unmatched leader in the industry. My goal is to grow the portfolio and continuously improve our service levels. With over 25 years in the services sector and a significant tenure in property consulting, my journey has been marked by stints at renowned firms like Jones Lang LaSalle and Cushman and Wakefield (formerly DTZ). My tenure at JLL and C&W was characterized by consolidation and growth across various service lines, particularly in South India region. My passion lies in driving business growth and enhancing client experience.

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