Delhi NCR a Hot Favourite of Chinese Global Cos

Delhi NCR a Hot Favourite of Chinese Global Cos

Steel Insights Bureau

In a recent report released by real estate consulting firm JLL, Delhi NCR in India has emerged as the favorite office space destination for Chinese global companies. The report says that China’s biggest corporates are growing rapidly and are creating a strong global economic system that is influencing global markets. Chinese businesses are expanding their global footprint by targeting emerging markets, acquiring overseas firms and making strategic investments in new technologies.

The report, “China12: China’s Cities Go Global”, evaluates the growth of China’s largest companies that are leading the charge overseas and emerging as some of the world’s most innovative brands. Delhi NCR emerged as the top destination for office leasing for Chinese companies outside of their territory. The estimated leasing of office by Chinese origin companies has been approximately 516,667 sq ft from 2015-17 in Delhi NCR. Mumbai has seen approximately 85,537 sq ft of office space leases by Chinese-origin companies in the same period. The ranking is based on leasing volumes across 70 major global markets.

Amongst the global network of cities, Asian markets such as Singapore, Tokyo, Jakarta, Bangkok, Seoul and Delhi are featured prominently. Leading the pack is Singapore as the top destination for mainland firms expanding overseas. Not only is it Asia’s most stable and transparent market and a global financial services hub, Singapore also carries strong links to China and is geographically well-placed to act as a gateway into Southeast Asia.