Key Points
New Delhi [India], March 23 (ANI): The demand for office spaces during the first quarter of 2024 has been strong, registering total leasing of 13.6 million square feet across the top six cities..
Although this is a significant drop from the record office space take-up in the last quarter of 2023, the remarkable annual increase is indicative of upbeat occupier sentiment, given the fact that the first quarter is typically slower, Colliers said in a report...
Bengaluru and Hyderabad emerged as frontrunners for demand of Grade A office space in the first quarter of 2024, cumulatively accounting for more than half of the India leasing activity...
Furthermore, proactive government policies, continuous infrastructure upgrades and a favorable business ecosystem makes Hyderabad a compelling destination for investors, occupiers, and leading developers of commercial real estate in India, said Arpit Mehrotra, Managing Director, Office services, India, Colliers...
As business sentiments and economic outlook remains positive, domestic occupiers, especially will continue to drive the office market of the country, said Vimal Nadar, Senior Director and Head of Research, Colliers India..
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