Ahmedabad's office market showed impressive growth in Q2 2025, recording 161,000 square feet in gross leasing, dominated by GIFT City at 70%. The city added 0.8 million SF of new space, with net absorption hitting 3 million SF over the past year, dropping vacancy rates to 26%. Engineering & manufacturing and IT-BPM sectors each claimed 24% of leasing activity, signaling strong economic momentum.
Maharashtra government has signed MoUs with two major companies for Rs 5,561 crore industrial investment in Nashik district, creating 1,666 jobs and potentially boosting real estate demand.
Pune's commercial real estate market witnessed a robust 22% year-on-year rise in office space absorption in Q1 2025, driven by IT/ITeS, manufacturing, and co-working sectors.
Despite a slowdown in GDP, office space absorption in India remained consistent in 2011-12. However, the outlook for 2012-13 appears challenging for developers.
Assocham Urges Govt to Establish Rs.1 Trillion Revolving Fund for Infrastructure Firms Amid Global Meltdown
Finance Minister P. Chidambaram's decision to lower home loan rates highlights a slowdown in various sectors, despite commercial real estate thriving.