The overview of the Delhi property market is also designed for corporate strategists, senior decision makers, and advisors for executives responsible for property acquisition and disposals in Delhi.

The report also incorporates specific details on companies or persons planning to vacate or take up a particular property. The report states, for example, that ICI is to vacate 7,500 sq ft of commercial space at the DLF centre and that Sun Alliance is rumoured to be interested. The asking rent in the area according to the report is Rs 200 per sq ft.

Another company-specific information incorporated is the report is on Mitsui possibly vacating 11,500 sq ft of commercial space at Meridien Commercial Tower. The rent per sqft for this property is around Rs 225.

According to forecasts made by the report, private sector demand for offices in Delhi could rise from 1.5 million sq ft a year to over 4 million sq ft a year. The report says that in order to meet this demand, deregulation of the property market must continue.

The report also suggests that the Delhi office market must not become over-obsessed with the provisions of grade A international standard building as there is an urgent need for decently maintained grade B space.

The report also examines the degree of penetration made by international retailers in Delhi and focuses on their representation in areas like Connaught Place and other popular South Delhi centres.

There are only 11 global retail outlets in Delhi owned by just three corporates. MacDonalds has about four outlests in Delhi, Benetton three and Levis four.

Retailing at these centres increasingly follows a western style format in terms of property, interior design, range of goods on sale and shoppingpractice.

In the residential segment, about five residential districts have been selected for analysis. They are Golf Links, Greater Kailash, Vasant Vihar, Gurgaon and farm houses.

India Property Research is a joint venture between three equal partners, Chesteron Property Consultants headquartered in UK, Meghraj, an Asian private banking institution, and London Property Research headed by Geoff Marsh who is the main author of the report.

Earlier, India Property Research had brought out a report on the property market in Mumbai called ``The Myths and Realities of the Bombay Office Market'' which was publisehd in May, 1997, and won accolades for the best property research report in the United Kingdom in 1997.