Nagpur's office real estate is set to expand 26%, growing from 3.8 million sq. ft. in 2024 to 4.8 million sq. ft. by 2027. Fueled by IT firms, Global Capability Centres, better roads, and metro lines, rentals hold at ₹60–90 per sq. ft./month with 13% vacancy signaling robust demand.
Commercial property investment is most lucrative in major cities with robust infrastructure, better connectivity, and higher rental appreciation compared to tier-II cities.
Bangalore's Outer Ring Road (ORR) is booming as a commercial real estate hub, driven by strong IT sector demand and limited office space, according to a Jones Lang LaSalle India report.