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India's office market soars in 2024, with record supply and strong demand across major cities.
India's office market hit a record high in 2024, with a new supply of 515 lakh square feet across seven cities.
Construction activities surged by 7%, and absorption reached 707 lakh square feet, a 16% increase.
Bengaluru and Hyderabad led in new supply, while the IT-ITeS sector dominated leasing with a 36% share.
Vacancy rates slightly decreased, and rental prices rose by 3.8% to 8.2%.
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El mercado de oficinas de India se eleva en 2024, con una oferta récord y una fuerte demanda en las principales ciudades.