Delhi-NCR Economy Thread

[MeMumbaikar]

Mumbai to lead office space supply with 25% share in 2011-12

MUMBAI: Mumbai will lead the Indian office space supply with more than 25 per cent share, followed by Bangalore and Delhi with 19 and 17 per cent, respectively, in 2011-2012, a real estate services firm said.

India added around 55-million sq ft of office space in 2010 and is expected to add around 50-million in 2011-12.

Additionally, real estate transactions which were on the rise in 2010, will continue to increase in 2011 as well, the firm -- CB Richard Ellis (CBRE) India said today.

"The overall real estate performance of the country has been on an upward trend with increasing transaction volumes. This is due to sustained IT industry activity, impact of economic recovery on new economy sectors, global optimism on corporate expansion, consumer confidence and a rise in income levels," CB Richard Ellis South Asia Chairman and Managing Director, Anshuman Magazine, told reporters here.

"The residential segment might witness reduced absorption due to significant price increase in prime metro micro markets, large supply and an increase in mortgage rates," Magazine said.

In the retail segment the total number of malls in India are expected to be more than 200, while another 80-90 are lined-up to get operational in the next 2-years.

"Retailers will continue to hold sway in certain over-supplied locations, pressing developers for revenue share and related incentives," he said.

http://economictimes.indiatimes.com/...ow/7106373.cms

[KuwarOnline]

1) Delhi & NCR = 113,897 Jobs

This region has created 44,183 jobs during the period of October to December 2010, which is the highest in the year so far. Large scale hiring was in place during the third quarter 2010.
Commonwealth Games 2010 was also a significant contributor for the region in terms of hiring activities in the third quarter of 2010.

2) Mumbai = 107,806 Jobs

BFSI, trade, real estate and hospitality sectors have played a key role in this growth. In the current quarter, hiring situation is expected to be almost stable, though the growth rate may be lower due to the base effect.

3) Chennai

Compared to a dull scenario during H1 in Chennai, job creation has improved significantly in Q3 and is growing at a faster rate in Q4. This region is expected to generate 32,087 jobs during the current quarter.

4) Kolkata, Bengaluru, Hyderabad

The hiring scenario in the cities like Kolkata, Bengaluru and Hyderabad has seen tremendous improvement during the third quarter and was substantially higher than the previous two quarters.
All these three metro cities are together adding 26,534 more jobs in the current quarter.

5) Ahmedabad, Pune

Ahmedabad and Pune have been showing a strong positive movement in hiring consecutively for the third quarter of the year. Both the cities are generating 11,345 new jobs in the current quarter.
Sector-wise fresher / experienced hiring
The survey shows that BFSI sector is creating the most number of new jobs for the freshers (32.5%) closely followed by manufacturing of machineries & equipments (32.2%) and healthcare (32.1%).

Source
http://www.rediff.com/business/slide...0/20101216.htm

[KuwarOnline]

how u know that?, any fact? or just own assumption ?

[Master of Disguise]

abe he is KUsa....and you asking for facts...have you gone crazy dude..

[patentneer]

Originally Posted by Abhishek901

lol. That was complete misunderstanding from my side .

By output I didn't meant industrial output (manufactured goods) but total commercial output which includes services also. I can't believe that Delhi's commercial output is more than Maha. That is evident from GDP figures.

If NCR has surpassed Mumbai in terms of commercial output, then also we should not give it a tag of commercial capital. An XYZ capital of a country should be distinctly ahead of all other cities in XYZ in order to be called a XYZ capital. Like NY in case of USA, or London in case of UK. Both of them are miles ahead of next city, so they can be termed commercial capitals.

Again Mumbai is far ahead in financial services, so it is rightly called financial capital. But if NCR is marginally ahead of Mumbai, then it should not be called commercial capital because the difference in the two won't be enough to give a tag, IMO. However, Mumbai would definitely lose this tag.

This is Ph.D level topic really!

My 2 paise analysis, and don't idiotically ask for facts, facts are hard to come by in a developing country context plus this is more an 'enthusist' type thread, not a govt., consultancy or academic prject yet :

Globally, outsourcing, consulting and India are booming.

Groth is coming wherefrom?

I believe that since the Global Banking crises, what we software ppl. call Banking Finance & Insurance play, is accelerating outsourcing to Bombay area. Example: British, Boston & Montreal banks have no reason not to out-source operations to Mumbai. All banking skills are readily available in aamchee plus Dubai. Dubai bankers also Mumbaikars only with the rest from Krunchy ( Karanchi is Pak.'s Mumbai).

Delhi's biggest biz. is what I call the 'paper biz'. Ministers & Civil Servants get all these new ideas from abroad, like signing bi-lateral tax treaties. Plus the national 'law & by-law' paper industry creates 1000's of consultancy jobs. The govt. today depends on Global & local consultants to furhter operations and implementation of it's vision. The 'law & by-law' biz. follows govt.'s vision. The consultants 'cut-&-paste' the know-how from their Global database, whaat we call 'Best Practices'. Unbeleivably to the common man, this paper-work ends up as software to actually fix and make the projects of the vision and employes 100's if not 1000's. Maruti, the world's # 1 small auto maker, is a good and long-time example of how this sh*t goes down. Liberalisation and timely Noida film city gave birth to a world class (almost) saas-bahu & media biz. Again 10,000's of jobs in little time. The govt. of India must be the largest project outsourcer in India. Delhi Metro is HQ'd in Delhi. Air India domestic has moved to T3, Delh.i. National Highway Authority is new & HQ'd in
Delhi, again with 1000's of employlees. Global megacorp's GAIL, Power Grid Co. of India or whatever they call it, Ru;ral Electric Co., NREGA, UID, NTPC ... man it keeps coming at you. The Envoronment Ministry under Jairam Ranesh turned into a boom biz. in Delhi NCR. Megarich BCCI (Cricket), Bhart Artel, HCL Comp.uter, IBM India, CMC, DLF, JP Group are all Delhi based. Raja may be in jail, but he's done a # with Uninor, Etisalat etc. creeping into India & guess where they gonna set shop? Again 1000's of jobs. Compare DMRC Vs. Mumbai Rail Corp. or whatever. Where's the growth?

While industry moves out of Mumbai, Delhi NCR continues to attract medium type industries in NCR areas while Mumbai does not get new medium type factories.

Conclusion: Mumai is going high-end with Boston type incremental to exponential growth in select industries, while loosing traditional mid-to-low level manufacturing.
Delhi is growing and booming exponentially in the 'intellectual' govt. & consuling + related biz.'z including telecom, bpo, call - center stuff along with low-to-mid-to-high-end manufacturing. I for one never heard a whiff or whisper about Honda car, Hero-Honda Motorcyle, Escorts tractors & const. machinery or Maruti going to shift their saturated factories from NCR, sure new factories are coming up not to far.

Q.E.D- Delhi Mumbai Ind. Corridor Corp., a Rs. approx. 500000 Cr.'s project, is HQ'd in ... where else ... Delhi. Delhi is # 1!

Comments, feedback, constructive critism welcome.

[patentneer]

Originally Posted by Abhishek901

Good for Delhi. It will mean lesser pollution. However, not all of NCR have manufacturing based economy. Gurgaon, Noida, and G. Noida have mostly service economies, while Faridabad, Manesar, Ghaziabad have more manufacturing.

+ 1.

[SSCaddict]

Delhi forms 3% of country's GDP

With 1% of India's population, Delhi's contribution to the national Gross Domestic Product (GDP) is almost 3% (Rs 2,17,851 cr) in 2009-10. While it stands ninth among 35 states and union territories in Gross State Domestic Product (GSDP), it is ranked third in terms of per capita income. Real estate business like property dealing, banking and insurance, and hotels and restaurants are the biggest contributors to the state's economy. At 23.53% the real estate sector stood out as the biggest contributor to Delhi's GSDP in 2009-10. Banking and insurance sector, and hotels and restaurants contributed 15.64 and 19.43% respectively. According to the advanced estimates, these three sectors are expected to hold on to their respective positions this year too.

These facts have come up in the recent report on 'Estimates of State Domestic Product 2010-2011' prepared by Delhi government's directorate of economics and statistics. The report was released by chief minister Sheila Dikshit.

"One of the biggest reasons for such high GSDP is a high contribution of the tertiary or the service sector—81.83%. Service sector registers a steady growth because it is not affected by natural and other factors as in the case of agricultural and industrial sectors," said BK Sharma, director-statistics.

Delhi's per capita income continues to be more than double the national averages.

Dikshit said as per advance estimates per capita income will be Rs 1,35,814 with the annual growth rate of 16.19% over the previous year. The national per capita income for the year 2010-11 is estimated at Rs 46,492.

Goa and Chandigarh are the only two states that have better per capita income than Delhi.

Per Capita Income now at Rs 1,35,814

[gabblet]

According to me Noida and Greater Noida together are ahead of Gurgaon and Delhi.

[Master of Disguise]

Really..thank you sir....get ready for a ban...ehhh spammers...

[Yagya]

सरकारी खजाने में हुई 23 फीसदी बढ़ोतरी

नई दिल्ली.दिल्ली सरकार ने वर्ष 2010-11 के दौरान कुल 16,478 क रोड़ रुपए का राजस्व अर्जित कि या है जो वर्ष 2009-10 की तुलना में 23 फीसदी अधिक है।

वित्त विभाग का काम संभाल रहीं मुख्यमंत्री शीला दीक्षित ने बताया कि वर्ष 2010-11 के दौरान राज्य का कर-राजस्व बढ़कर 16,478 करोड़ रुपए हो गया, जो पिछले साल 13,448 करोड़ था।

उन्होंने बताया कि वित्त वर्ष 2010-11 के दौरान 12,068 करोड़ रुपए का मूल्य वर्धित टैक्स (वैट) वसूल किया गया, जो इससे पिछले साल, यानि 2009-10 से 19.18 फीसद अधिक है।

पिछले वित्त वर्ष के दौरान कुल10,126 करोड़ रुपए का मूल्य वर्धित कर वसूल किया गया था। वाहनों पर लगने वाले कर में 52.93 फीसद की बढ़ोतरी दर्ज की गयी और यह 707 करोड़ रुपए पर पहुंच गया, जो 2009-10 में 462 करोड़ रुपए था।

मुख्यमंत्री ने बताया कि प्रतिशत के लिहाज से इस साल दिल्ली सरकार ने वाहनों पर लगने वाले कर संग्रहण में अधिक तम बढ़ोतरी दर्ज की है। वैसे, चिंता की बात यह है कि अधिक वाहनों से यातायात जाम की समस्या उत्पन्न हो रही है, लेकि न यह उत्साहजनक है कि अब ज्यादा लोग कार खरीदने में सक्षम हो गए हैं।

उन्होंने बताया कि सरकार ने वित्त वर्ष 2010-11 के दौरान 1,355 करोड़ का स्टांप और रजिस्ट्रेशन फीस संग्रहण किया, जबकि इससे पिछले साल कुल 930 करोड़ रुपए का स्टाम्प एवं रजिस्ट्रेशन शुल्क संग्रहण किया गया था।

शराब बिक्री से अर्जित होने वाले कर में इस साल पिछले साल की अपेक्षा 23 फीसदी की बढ़ोतरी दर्ज की गई।

सरकार ने अप्रैल 2010 से मार्च 2011 के बीच कुल 2,027 करोड़ रुपए का उत्पाद शुल्क वसूल किया, जबकि पिछले साल इसी अवधि में कुल 1,644 करोड़ रुपए का उत्पाद शुल्क अर्जित किया गया था।

Government coffers show 23% increase. 16,478 crores earned during 2010-11 which is 23% more than 2009-10.

[SSCaddict]

Delhi-NCR records highest job creation in July: Assocham

Despite fear of slowdown in services and export sectors, the Delhi-NCR region continues to create job opportunities followed by major tier I cities as India Inc registered significant growth in July as against the corresponding period of last year, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

The Assocham Placement Report released today analysed latest trends in job openings in wake of the recent slowdown in manufacturing sector among 56 major Indian cities across 32 sectors from a sample of 1.1 lakh job opportunities.

However, attrition in some of these sectors rose phenomenally at the rate of over 55% with a significant visible movement in junior, mid and senior management levels.

With a share of 76% in total job creation, tier I cities emerged as most lucrative employment destinations for aspirants across India, while tier II and tier III cities acquired a meagre 12% share each, says the study conducted by Assocham Research Bureau.

An estimated 84,254 jobs were generated in tier I cities during the said period. Among these Delhi-NCR, Mumbai, Bangalore and Chennai emerged on top with 18.5%, 12.6%, 10.5% and 7.5% share respectively.

Hyderabad, Pune, Kolkata and Ahmedabad accounted for 6.9%, 6.5%, 5.7% and 4.6% respectively.

“Hiring activity in July has been widespread across all management levels as key industry sectors look to consolidate their staff strength to improve their business activities even as macro-economic scenario in the later half of FY 2011-12 slumped a bit,” said D S Rawat, secretary general of Assocham.

IT sector acquired lion’s share of 36.3%, while banking and financial services sector has ranked second with 8.5% share followed by automobile and education sectors which have registered 5.7 and 5.5% share respectively in total employment generation in July, says the chamber study.

Manufacturing and engineering sectors accounted for a share of 4.5% and 3.9%. Hospitality, telecom, FMCG and pharma sectors remained almost equal with each acquiring a share between 2-3%.

The share of sectors like advertising, construction, event management, HR, infrastructure and real estate in total employment generation was almost negligible.

“As per our projections a robust growth in employment generation across varied sectors is expected during rest of the year and a healthy growth of 15 to 20% is expected this year over last year,” said Mr Rawat.

Tier II and III cities registered a tremendous growth rate of 207.5% and 607.6% respectively as in July 2011 over the corresponding month of July 2010.

About 13,776 job opportunities came up in tier II cities as Chandigarh (2.3%), Lucknow (1.1%), Vadodara (0.9%) and Jaipur and Patna (0.8% each) emerged on top in this category. Surat, Guwahati and Indore registered 0.7% share each in total employment generation, says the study.

Coimbatore, Kochi, Vizag, Mysore, Nagpur, Meerut, Vijaywada and Bhopal acquired a share between 0.6% and 0.5% each.

Number of jobs in tier III cities rose from 1,808 in July 2010 to 12,768 as of July 2011. Bhubaneswar, Mysore, Cuttack, Raipur, Ludhiana and Gandhi Nagar registered highest opening in this category.

[Cosmicbliss]

http://www.dnaindia.com/india/report...eation_1577322


Delhi-NCR scores over Mumbai in job creation

Among the big metros, the Delhi-NCR region has created the maximum number of job opportunities in July, followed by Mumbai, Bangalore and Chennai, an Assocham study released on Thursday said.

An estimated 84,254 jobs were generated in Tier-I or big metropolitan cities in July, the report said.

Out of this, 18.5% jobs were created in Delhi and NCR.

“Tier-I cities emerged as the most lucrative employment destinations for aspirants across India.... Hiring activity in July has been widespread across all levels,” it said.

The study also said the maximum number of jobs during the month were created in the IT sector, followed by financial services, automobile and education.

The share of sectors like advertising, construction, event management, HR, infrastructure and real estate in total employment generation was almost negligible, it added.

The report further said: “As per our projections, a robust growth in employment generation across varied sectors is expected during rest of the year”.