Bangalore/Mumbai: Property consultancy firms, Cushman & Wakefield and DTZ, have conducted a study and concluded that the demand for office spaces by IT companies has significantly gone down. This has deeply affected the commercial real estate market.With economic uncertainty in the Western countries who were the major contributors to the total revenue fetched by the IT sector, it is only natural that these companies are tending to use their money effectively. This has adversely affected the real estate market as these companies do not want to book extra office space for future use. Rather they now prefer to buy space only when they have the need. The spiraling rental rate is also another factor contributing to the slump.In 2009 64% of the total commercial space absorbed in India was taken up by the IT sector. This declined in 2011 and further declined to 44% in 2012. And according to the consultants there is hardly any chance of this trend to improve. The National Association of Software and Services Companies showed through its study that the country’s IT industry is estimated to grow by 11% in 2013, which is 6% lower than the growth rate in 2012.Some companies like Nokia-Siemens, Mphasis, Persistent Systems, Sonata Software, and Mahindra Satyam are recruiting at a much slower rate and hence are opting for consolidated office spaces. This not only gives them better scope for negotiation with developers, it also saves them money on real estate and transport which varies between 15 to 22%. All these factors have impacted the supply of commercial real estate.The slower expansion and absorption rate will affect the busiest IT hubs in the country such as Bangalore and Delhi NCR will be most affected by the declining real estate supply rate of 10% decline each year.займ на карту без отказов круглосуточновзять кредит онлайн