NOIDA: As Chinese companies are more and more increasing their international footprint, Delhi-NCR has up to now emerged as their favourite vacation spot for putting in places of work in India.
This inference will also be drawn from a report by real estate research company Jones Lang LaSalle (JLL) that unearths Chinese companies have leased over 5 lakh sqft place of job house in Delhi-NCR between 2015 and 2017.
According to the report, titled ‘China 12: China’s Cities Go Global’, Chinese corporations have leased 5,16,667 squareft of place of job house in Delhi-NCR from 2015 to 2017. Mumbai, in comparison, has observed 85,537 squareft place of job house intake by Chinese-origin companies in the similar duration.
Globally, 10 cities have most connect to China by means of place of job house hire — Delhi-NCR (counted as two cities), Madrid, Bangkok, Munich, Kuala Lumpur, Moscow, Sydney, Manila and Jakarta. However, on the subject of the expansion of its present mainland places of work offshore, in Asia, Singapore figures on best of the record.
The Chinese companies that have lately expanded their operations in India come with Vivo, OPPO, Alibaba, ZTE, Huawei and Xiaomi. Though technology companies like Vivo, OPPO, Xiaomi, ZTE and Huawei, and e-commerce large Alibaba all have their corporate places of work in Gurgaon, some of them also have their cellular handset manufacturing gadgets in Noida.
For example, Vivo has taken up 6,00,000 squareft place of job house between 2014 and 2017 whilst its competitor OPPO has occupied about 100,000 squareft within the NCR in the similar duration. Players like ZTE, Alibaba and Bank of China together have absorbed place of job house of about 100,000 squareft in Mumbai between 2015 and 2017, says the report.
Ramesh Nair, CEO and country head, JLL-India, advised TOI, “Chinese companies have been making their presence felt in Asia and have set up places of work in primary markets, together with India. Even even though leasing continues to be largely driven by US and EU-based companies in India, Chinese companies are rapid putting in base to take advantage of the marketplace size and the sped up enlargement of the economic system.”
“India is a diverse marketplace that provides international companies both a centre of excellence as well as a promising audience for his or her merchandise,” he added.
According to JLL, the trajectories of many Asian cities — from megacities to mid-sized hubs — are set to be remodeled by Chinese activity in coming years and Chinese technology and innovation will change into the way other people live and paintings in these cities.
“Corporate presence, leasing activity and funding measures obviously indicate a rising interest from Chinese corporations in south and southeast Asia. Delhi, Mumbai, Bengaluru, Jakarta, Kuala Lumpur, Bangkok, Manila and Ho Chi Minh City could also be key targets for Corporate China. As a result, we might see a realignment within the corporate geography, as consideration tilts in opposition to India and southeast Asia,” said Jeremy Kelly, director (international research), JLL.
Other researchers have identified 5 spaces in NCR that can be become hubs for inexpensive housing. They are Sohna in Gurgaon, Rajnagar Extension in Ghaziabad, Yamuna Expressway, Greater Noida (West) and Bhiwadi.
This inference will also be drawn from a report by real estate research company Jones Lang LaSalle (JLL) that unearths Chinese companies have leased over 5 lakh sqft place of job house in Delhi-NCR between 2015 and 2017.
According to the report, titled ‘China 12: China’s Cities Go Global’, Chinese corporations have leased 5,16,667 squareft of place of job house in Delhi-NCR from 2015 to 2017. Mumbai, in comparison, has observed 85,537 squareft place of job house intake by Chinese-origin companies in the similar duration.
Globally, 10 cities have most connect to China by means of place of job house hire — Delhi-NCR (counted as two cities), Madrid, Bangkok, Munich, Kuala Lumpur, Moscow, Sydney, Manila and Jakarta. However, on the subject of the expansion of its present mainland places of work offshore, in Asia, Singapore figures on best of the record.
The Chinese companies that have lately expanded their operations in India come with Vivo, OPPO, Alibaba, ZTE, Huawei and Xiaomi. Though technology companies like Vivo, OPPO, Xiaomi, ZTE and Huawei, and e-commerce large Alibaba all have their corporate places of work in Gurgaon, some of them also have their cellular handset manufacturing gadgets in Noida.
For example, Vivo has taken up 6,00,000 squareft place of job house between 2014 and 2017 whilst its competitor OPPO has occupied about 100,000 squareft within the NCR in the similar duration. Players like ZTE, Alibaba and Bank of China together have absorbed place of job house of about 100,000 squareft in Mumbai between 2015 and 2017, says the report.
Ramesh Nair, CEO and country head, JLL-India, advised TOI, “Chinese companies have been making their presence felt in Asia and have set up places of work in primary markets, together with India. Even even though leasing continues to be largely driven by US and EU-based companies in India, Chinese companies are rapid putting in base to take advantage of the marketplace size and the sped up enlargement of the economic system.”
“India is a diverse marketplace that provides international companies both a centre of excellence as well as a promising audience for his or her merchandise,” he added.
According to JLL, the trajectories of many Asian cities — from megacities to mid-sized hubs — are set to be remodeled by Chinese activity in coming years and Chinese technology and innovation will change into the way other people live and paintings in these cities.
“Corporate presence, leasing activity and funding measures obviously indicate a rising interest from Chinese corporations in south and southeast Asia. Delhi, Mumbai, Bengaluru, Jakarta, Kuala Lumpur, Bangkok, Manila and Ho Chi Minh City could also be key targets for Corporate China. As a result, we might see a realignment within the corporate geography, as consideration tilts in opposition to India and southeast Asia,” said Jeremy Kelly, director (international research), JLL.
Other researchers have identified 5 spaces in NCR that can be become hubs for inexpensive housing. They are Sohna in Gurgaon, Rajnagar Extension in Ghaziabad, Yamuna Expressway, Greater Noida (West) and Bhiwadi.
NCR favourite office market for Chinese firms
![NCR favourite office market for Chinese firms]()
Reviewed by Kailash
on
May 09, 2018
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