NEW DELHI, INDIA-Aperon Realty Solutions, based here, has joined the commercial real estate organization TCN Worldwide. The Dallas-based firm said the move gives the firm a gateway into India, one of the growing global markets with about $35 billion in new commercial construction.

The market value of investment grade real estate in India has increased from $65 billion in 2006 to $100 billion today, about 8% of the country’s GDP, says Vikas Katoch, managing director at Aperon. “Improving construction quality, enhanced market transparency, and availability of suitable options have made real estate a good asset class to invest in,” he tells GlobeSt.com.

Aperon operates out of an office here and another in Kolkata, and plans to open offices in Mumbai and Bangalore during the next two quarters, Katoch says. “Over the next 12 months we expect to see a much greater divergence in real estate activity and performance,” he says.

For example, he says leasing volumes will be at their highest volumes since the global economic downturn, with corporate occupiers displaying greater confidence in doing deals, but also pushing for the best possible terms. “Asia Pacific will lead the upswing in the leasing markets, ahead of Europe and North America,” Katoch says.