Colliers India predicts a 35% annual rise in office space demand in major Indian cities by Q1-2024, led by Hyderabad, Mumbai, Bengaluru, and Delhi-NCR.
Colliers India predicts a 35% annual rise in office space demand in Bengaluru, Delhi-NCR, Mumbai, Chennai, Hyderabad, and Pune during Q1-2024, reaching 13.6 million sq ft. Demand is expected to surge in Hyderabad, Mumbai, Bengaluru, and Delhi-NCR, while remaining flat in Pune and falling in Chennai. Hyderabad's leasing is projected to jump 2x, Mumbai's 90%, Bengaluru's 25%, and Delhi-NCR's 14%.
March 23, 2024
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