Gurgaon's commercial real estate sector rebounded strongly in 2024, with office absorption reaching a 5-year peak driven by IT/ITeS demand, fintech growth, and e-commerce expansion.
Experts predict that a decline in office space supply will pressure rental values, while corporate relocation and economic factors affect demand across major cities.
In 2011, demand for office and retail space in Bangalore showed robust growth, with a significant contribution from the IT and ITES sectors. Experts predict an even higher demand for office space in 2012.
India's commercial real estate sector is experiencing a slowdown due to the general economic downturn, impacting demand and rental values across major cities.