Demand for office space in India

Q: I heard that there is a slowdown for the demand of office space. Will the demand for office space rise in India?

Jackie,

19th October 2012

Real estate News in Ahmedabad

commercial properties

office space

rental space

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Replies (5)

Who said demand of office space is decreasing. Every day 100 and more than companies are establishing in India and along-with requirement for office space is rising. In metros city such as Mumbai, Chennai, Bangalore, Delhi-NCR and in other cities demand for office space has seen growing.

Karan Sharma, Gurgaon

28th May 2014

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Yes......Karan is absolutely right.......
Office space demand to grow by 7% in 2014 this year to 29 million sq-ft in India's 7 major cities as corporates look at expanding businesses according to real estate consultant DTZ. DTZ also projected that office rentals would remain stable in most markets in the first half of 2014 and rents would start rising from the second half.

Balwinder Singh,

4th July 2014

Yup....Balwinder,
Acoording to Times of India, East Ahmedabad has turned into a hotbed of activities for commercial property with several landmarks such as old mills and movie theatres are being replaced with commercial schemes.

The real estate markets in east Ahmedabad are unorganized and parking is a major concern for the residents. So the new generation of wholesale sellers in this part of the city wants to expand and needs better facilities. Redevelopment is the only solution that will ensure modern infrastructure in the city.

Kaushik Bardia,

4th July 2014

According to sources, Bangalore reported a 67% growth, Hyderabad with 56% and Mumbai witnessed 117% increase. However Delhi has reported a negative growth of 28%.

Bulbul Verma,

19th October 2012

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