Kozhikode's Cyber Park's ongoing expansion has triggered a 30% rise in office space absorption, driven by IT/ITES sector growth, positioning it as emerging tech hub with enhanced infrastructure and employment opportunities.
Thiruvananthapuram's Technocity IT Park expansion drives commercial real estate growth, attracting IT companies and startups, boosting demand for office spaces and related infrastructure. With 100,000+ jobs potential and cutting-edge facilities, the IT integrated township redefines Kerala's commercial property landscape.
The start of TIDEL Park’s construction in Trichy is set to energize IT-sector real estate, boosting demand for office and residential spaces while creating thousands of jobs through ₹415 crore investment.
Hyderabad's office leasing activity exceeds 2023 averages by 11%, reaching 2.5 million sq ft in one month, driven by business expansion.
Weak office space demand has negatively impacted air conditioning manufacturers. A resurgence in demand, driven by IT and ITeS sectors, is expected to boost both the commercial sector and A/C sales.
Vacancy rates in Indian shopping malls are on the rise, particularly in Delhi-NCR and Mumbai. Experts attribute this to an oversupply and mismatch with demand.
Global property consultants are presenting conflicting reports on India’s office space demand, creating confusion among industry experts regarding market trends.
Office space demand in India is projected to reach 30.5 million sq. ft. in 2013, a 12% year-over-year increase, driven by improving global economy, increased FDI, and revised repo rates.
Pune's office space demand remains largely stable, driven by IT and ITES sectors. Experts anticipate absorption to reach 4 million sq. ft. by year-end, with CBD areas seeing rental increases.
Bangalore’s real estate sector is set to grow by 25% in the coming year, according to CREDAI Karnataka. Commercial office space demand is rising, while residential sales are slow.
India's IT boom fuels high demand for office space, but slowdown concerns rise, impacting commercial property market, particularly in Bangalore and Hyderabad.