India sees rise in office space demand
No Comments Sub Category:Bangalore,Commercial Real estate,Delhi-NCR,Realty News Posted On: Oct 19, 2012
After a slowdown in the first two quarters of 2012, India is witnessing a rise in demand for commercial rental spaces.
Major cities such as Mumbai, Delhi-NCR, Bangalore, Chennai, Hyderabad, Pune, and Kolkata saw a total of 7.6 million sq ft office space absorption in the July to September as compared to 5.9 million in the April to June quarter.
According to a report by global real estate consultancy DTZ, Bangalore reported a 67% growth, Hyderabad with 56% and Mumbai witnessed 117% increase. However Delhi has reported a negative growth of 28%.
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Bangalore, Chennai, Commercial real estate, commercial rental spaces demand, Delhi, Hyderabad, Kolkata, Mumbai, Office space absorption, office space demand, Pune, Real estate in India
