Hyderabad has emerged as the world’s third most affordable office location in 2011 in a list prepared by global realty consultant DTZ, which has also named Chennai and Pune among the top five such positions. According to DTZ’s latest study ‘Global Occupancy Costs – Offices’, Surabaya in Indonesia and Qingdao in China were placed in the top two positions of the chart as the most affordable office locations in the world last year.
“While Tier II cities in India and China dominate the list of top 10 most affordable markets globally, Surabaya in Indonesia remains number one,” DTZ said in the report. The consultant said Hong Kong, London, Geneva, Tokyo and Zurich were the five most expensive office markets in 2011.
DTZ said Surabaya and Qingdao saw average rentals of $ 1,680 and $ 2,380 per workstation a year, respectively in 2011.
Hyderabad, Chennai and Pune followed the top two places with rentals of $ 2,430, $ 2,570 and $ 2,590 a year per workstation respectively, it added.
The study showed that Hong Kong was costliest office place with an annual rental of $ 25,160 per workstation in 2011, followed by London and Geneva at $ 22,590 and $ 18,740, respectively. DTZ, however, said many cities across the world are likely to witness decline in their rentals during this year.
“Under the downside scenario, 2012 offers occupiers a window of opportunity in which to realise cost savings as rents decline… In the top five least affordable cities of Paris, Tokyo, Geneva, London and Hong Kong, office rents fall in 2012 under the euro break-up scenario,” it added. Occupiers in Rome and Milan are likely to benefit from falling occupancy costs over the next five years as sharp decreases in rents are expected in 2012 and 2013, DTZ said.
It further said office rentals in low-cost Indian cities may see double-digit falls in this year.
I was cheated by SARK ( Manager, Zonal Head ) Satish , Meesak Rajasekhar
Prasad, Ballu , Rahul Mujumbdar etc, All the top managements all are in the CC
I have all the proofs of emails of total 11 months to them.
Booking form no is 5513, Dated 30thApril 2011. Plot number 190, Size 267 sq yards. The total amount is 9 lakhs
Booking amount paid is 10,000 as agreed. total come around 9,00,000
lakhs , after 11 months they ask for 10.67 laksh How come it is 10.67 lakhs ?
and they are demanding the amount, atlast I fought as I belong to hyderabad by showing the receipt, After 10 months also they had not
shown HMDA documents, without showing the documents Satish was asking to pay 30% of the 9 lakhs, I told them I can pay the full amount
once they show the proper document. Every time they send the documnent which are not proof from HMDA, it says only they applied for
approval still they have to do other clauses, They insisited forcibly to pay
30% which I did not agreed. Satish inform in that case they will cancel
As an NRI I felt very bad by their behaviour and they represent Times of India as per their marketing strategies. First time as an NRI I had a very
bad time and also spend around 5000 IRS only on the telephones.
As a bad experience with SARK ( Specially Satish, he is a big liar ) I dont understand how they made him Zonal Manager, All my emails are with
Sarin Katta and his top management also. I am very sad top management
inspite of emailing to them they had not replied. They had kept quite.
As an NRI they had come to Dubai and they approached me, I believed when they said they represent Times of Group. I was cheated and this is a
lesson for all NRIs, I would like to know from others if any body have been
cheated like me. ( The best laughable part is the receipt says pre booking amount is 9,00 000 Special offer , After 10 months they say it is 10,50,000)
I have the full proof of emails from them asking for this, when I strongly
object for it , they are forcing to pay 30% of 9,00,000 without showing proper HMDA documents.
This is one of the worst services I had faced by a reputated Times of India
group according to them. All these had made to think and they said I need to cancell otherwise I will not get my booking refund amount also. As I forced to cancell . Atlast after 11 months I got my money back i.e. 10,000 IRS without any interest, only on the telephone and emails I had spend
around 5,000 IRS. that means I made a loss of 5000 IRS.
SARK one of the worst service in hyderabad.
people like me cheated can contact me on indvsh2020@gmail.com
The resion why I am writing , the NRI people like me should not be cheated, luckily I am from Hyderabad and I know lot of contacts in
MCH and HMDA, I was able to catch them before they forced me to cancel
my plot. I am giving all the details so that every investor should know that I how I faced these unprofessional Manager and Staff. only excuse they will
say sorry.
My name is Mohan , from Dubai.