Latest news with #Zone1
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Business Standard
a day ago
- Business
- Business Standard
Top 10 micro markets to drive 80% of India's office space growth: Colliers
High-activity micro markets across the top seven Indian cities are likely to witness at least 1 million square feet (msf) of average annual office demand and supply and collectively drive more than 80 per cent of the demand and new supply in the next few years, according to a report by Colliers. Of all the micro markets, four high-activity micro markets are in Bengaluru, three each are in Delhi NCR and Pune, two each are in Chennai and Hyderabad, and one in Mumbai. These high-activity micro markets are spread across secondary and peripheral business districts (SBDs and PBDs). These micro markets are expected to continue to drive India's office market over the next few years amidst city expansions, ongoing infrastructure developments, and evolving work models. While the existing high-activity micro markets will continue to grow, other emerging micro markets too are expected to increasingly complement the larger micro markets. 'India's office market is poised for steady strong growth, led by 15–20 high-activity micro markets. While some of these micro markets are already established commercial real estate hubs, emerging micro markets can potentially scale up and witness heightened traction in the upcoming years. Interestingly, India will continue to be strategically positioned in terms of rental arbitrage, with more than half of the Grade A demand expected in micro markets having sub or near-dollar rentals,' said Arpit Mehrotra, Managing Director, Office Services, India, Colliers. Of the total 38 msf of flex space leasing across the top seven Indian cities since 2020, 59 per cent corresponded to the top 10 micro markets. Within these, SBD-Hyderabad, ORR-Bengaluru, and Baner-Balewadi, Pune, cumulatively drove around one-third of the flex space uptake in India. Overall, the annual flex space demand in these top 10 micro markets has surged from 1.3 msf in 2020 to 7.3 msf in 2024 at a compound annual growth rate (CAGR) of 54 per cent. On the global capability centre (GCC) front, nearly 70 msf of GCC demand during the last five years has been concentrated in the top 10 micro markets, accounting for 73 per cent of the total GCC leasing in India. Micro markets such as ORR, Whitefield, SBD 1, and North in Bengaluru, SBD and Off SBD in Hyderabad, and OMR Zone 1 and MPR in Chennai collectively have accounted for two-thirds of the country's Grade A space uptake by GCCs since 2020. Although most micro markets in India have seen rental appreciation compared to pre-pandemic levels, select micro markets in Mumbai and Delhi NCR continue to lead in terms of average rentals. BKC, CBD, Lower Parel, Worli-Prabhadevi, Goregaon/JVLR, and Kalina in Mumbai, and CBD, Aerocity, Golf Course Road, and South Delhi in Delhi NCR feature prominently in the list of micro markets having the highest rentals in India. Almost 30 per cent of the office micro markets in India have sub-10 per cent vacancy levels, compared to the 16.2 per cent vacancy at the India level. 'Majority of these high-activity micro markets will continue to have potentially higher rental upside and are likely to lean towards landlords and developers. In addition to the preference for premium offerings, occupiers will increasingly prefer sustainable elements and green-certified office buildings,' said Vimal Nadar, National Director and Head of Research, Colliers India. Of the 488 msf of REIT-worthy office stock in India, 56 per cent is in the top 10 micro markets. Meanwhile, 275 msf of Grade A inventory (as of Q1 CY25) corresponding to 72 per cent of the overall stock in these micro markets is already under REITs or has the potential to be listed as future REITs. Key micro markets in Bengaluru (ORR and Whitefield) and Hyderabad (SBD and Off SBD) collectively hold 38 per cent of India's REIT-worthy office stock. These four micro markets cumulatively have more than 35 msf of office stock already under existing REITs.
Time Out
4 days ago
- Entertainment
- Time Out
Osteria Angelina
No matter how much we want to keep them to ourselves, you can't help but feel a sense of pride, deep in your chest, when a beloved neighbourhood restaurant graduates to Zone 1. First Leytonstone's Singburi, and now Dalston's Angelina are joining the big boys under the skyscrapers. And can we blame them? Real money isn't in date night dinners – it's in sharing steaks you can charge to the company card. This food is interesting and adventurous – it's fusion but not naff or ill-thought out Osteria Angelina is the shiny new outpost of the Japanese-Italian fusion tasting menu restaurant, and it is absolutely, hands-down brilliant. With loud music, high glassy ceilings and a smell which can only be described as new, this is a swanky place, just a short walk from Liverpool Street in a former cotton factory. It's a thoughtful rethinking of the OG with an entirely different menu – though the care, quality and spirit of the original outpost remain. I started with a glug of peachy Soave, before tucking into small plate starters, including quite possibly the best heritage tomato salad I have ever tasted. The milk bread, fluffy but dense, was a joy to use, sponge-like, to soak up the vinaigrette dressing (though I was less sold on its accompanying marmalade, which felt like overkill). Don't skimp on the crudo, which is delectable: especially the seared tuna, with a small kick of wasabi, swimming in a sea of garlicky green juice. The sea bream, slightly nutty and served with pear, was softer, but just as tender and gorgeous. Pasta-wise, you're going to want to go for the tortellini, which was all fresh truffle and kelp. Then onto the big boys: ox tongue with wasabi (not at all tongue like), was gorgeously gamey and umami, and went down a treat with a superb side of greens, suffocating in parmesan. Avoid ordering the charcoal-coloured sesame cheesecake, which was so dense it could have stopped a door, but the chilli sorbet, served with fresh grapes and blueberries, danced on the tongue with a serious kick. This food is interesting and adventurous – it's fusion but not naff or ill-thought out. A Deans-listed, top-of-the-year, first-class graduation.
Yahoo
04-05-2025
- Health
- Yahoo
Business news: Fifteen firefighters graduate from MAAC
Indiana State Police Superintendent Anthony Scott named Trooper Kaylee G. Galvan the 2024 Indiana State Police Trooper of the Year, the first time a female has gotten the award, according to a release. Galvan is a two-year Trooper and in 2024, was a midnight unit assigned to the Lowell District's Zone 1. In 2024, Galvan had 1,868 total traffic contacts (1,129 citations and 739 warnings), 154 criminal defendants, 484 criminal charges, 80 felony charges, 118 O.W.I. arrests, 22 felony O.W.I. arrests, 95 crash investigations, 181 police services, and conducted 91 vehicle searches. Galvan also worked special project hours (overtime shifts) resulting in 188 traffic contacts with 123 citations and 65 warnings, 21 criminal defendants, 54 criminal charges, 18 O.W.I. arrests, and 1 felony O.W.I. arrest. Also at the awards ceremony, Galvan received the 2024 Life Award in recognition for exceeding expectations by removing 118 impaired drivers off Indiana roadways in 2024. Dr. Amit Kumar, an interventional cardiologist, recently joined the Franciscan Physician Network and is accepting new patients in Dyer and Munster, a release said. Kumar completed medical school at All India Institute of Medical Science in New Delhi, India. His residency in internal medicine was completed at State University of New York at Buffalo. His fellowship in cardiology and interventional cardiology was completed at Lahey Hospital and Medical Center in Burlington, Massachusetts. His fellowship in vascular and endovascular medicine was completed at Brown University Health in Providence, Rhode Island. He is accepting new patients at Franciscan Physician Network Cardiology Medical Pavilion South, 2150 Gettler St., Suite 400 in Dyer and Franciscan Physician Network Cardiology, 701 Superior Ave., Suite J, in Munster. Call 219-865-0893 (Dyer) or 219-934-4080 (Munster). The Porter County Community Foundation recently awarded $163,385 in grants to 24 local nonprofit organizations as part of its spring Community Fund grant cycle, a release said. The following organizations and programs are receiving funding: Boys & Girls Clubs of Greater Northwest Indiana – $10,000 to support the renovation of the Portage Club kitchen and concession stand Call-A-Ride – $10,000 to support the purchase of a new ADA van The Caring Place – $5,750 to support strategic planning Chicago Street Theatre – $2,200 to support the purchase of wireless microphones Dunes Learning Center – $10,000 to support the replacement of bunk bed mattresses Exceptional Equestrians Unlimited – $2,120.65 to support the purchase of horse saddles for therapeutic riding Family & Youth Services Bureau – $9,108 to support water leak mitigation and repairs Family House – $10,000 to support replacement of the front porch and entrance Gabriel's Horn – $2,940 to support implementation of a post-shelter transition program Hagrid's Hope Cat Rescue – $2,500 to support spay and neuter procedures for rescued cats Jacob's Ladder Pediatric Rehabilitation – $9,816 to support a developmental milestone training program for teachers and caregivers Lakeshore Public Media – $10,000 to support Building Blocks, a multimedia project exploring the science of early childhood development MAAC Foundation – $5,000 to support the expansion of mental health initiative programming for first responders MAKS Corp. – $10,000 to support the provision of critical resources to local foster children Memorial Opera House Foundation – $5,000 to support accessibility in the dressing rooms Our Greater Good – $3,950 to support parenting programs Portage Recovery Association – $10,000 to support the transformation of their new substance recovery and mental health facility Portage Township Autism Action Coalition – $10,000 to support autism training for first responders, sensory kits, and resources Porter County Aging and Community Services – $5,000 to support individuals and families facing unexpected crises Reins of Life – $5,000 to support the purchase of a horse carriage for equine-assisted programs Shirley Heinze Land Trust – $10,000 to support technology upgrades Shults Lewis Child & Family Services – $5,000 to support facility renovation and modernization St. Agnes Adult Day Service Center – $5,000 to support repairs of the fire protection and suppression system Valpo Parks Foundation – $5,000 to support 2030 Vision, a strategic planning initiative. The next Community Fund grant cycle will open in July with an application deadline of Aug. 15. More information is available online at In partnership with the Northwest Indiana District 1 Firefighter Training Council, the MAAC Foundation recently announced that 15 new firefighters will graduate from the Career Fire Academy. at 6 p.m. May 2 at the MAAC Foundation First Responder Training Campus in Valparaiso, according to a release. The 15 graduates, representing the Portage, Whiting, Dyer, LaPorte and Michigan City fire departments have completed an 11-week training program that included instruction in fire suppression, hazmat operations, and technical rescue, along with other firefighting skills. Graduates include: Levi Thurmond, Andrew Himan, Evan Shaughnessy, Justin Morgan, Caiden Mowery, Evan Kuehl, Julia Simition, Malachi Kristoffand Mitchell Bleck, Portage Fire Department; Dennis Hensley, Whiting Fire Department; Tyler Marick, Dyer Fire Department; Owen Barsic, LaPorte Fire Department; Phillip Baker, Kody Stroud and Josiah Griffin, Michigan City Fire Department. For more information about the MAAC Foundation, visit Franciscan Health's Social Impact Partnership Program is opening applications for funding to support healthcare-related programs for nonprofit health and human service organizations in at-risk communities, a release said. Funding applications will be accepted from May 5-30. Partner agencies will be announced in mid-July. Organizations may apply for up to $10,000 in monetary support. Organizations may complete an application online starting May 5. Serving populations most in need and in accordance with Franciscan's mission should be the focus of supported activities, the release said. These include people who have endured systemic racism; refugees and immigrants; the chronically low resourced; at-risk youth and others impacted by poor societal supports. For additional information or application support, contact Franciscan Health Community Health Improvement Director Danielle Crowder at
