business reporter rentals for prime office spaces rose by an average 7 per cent year-on-year to 83 per square feet per month across seven major cities during the first six months of the current fiscal on rise in construc
Rentals for prime office spaces rose by an average 7 per cent year-on-year to 83 per square feet per month across seven major cities during the first six months of the current fiscal on rise in construction cost, according to Anarock.
Real estate consultant Anarock on Thursday released its India
Anarock reports 7% rise in office rentals to Rs 83 per sq ft/month across major Indian cities in H1 FY24 due to construction cost hikes. Office space activity stagnates, with a 5% supply increase and 1% absorption decline. Average rents grew in Chennai (10%), Hyderabad (8%), Bengaluru, Pune, Kolkata (7%), MMR (5%), and Delhi-NCR (5%). MMR remains priciest at Rs 136 per sq ft; NCR hits Rs 85.