Experts say the office supply completions across the top seven cities in India will touch 165 million square feet between 2023 and 2025 while Bengaluru will lead the supply with 29 percent of the total share in India.
The government of Karnataka has announced an increase in the guidance value, or circle rates, for properties in Bengaluru. The rates will be raised by an average of 25%-30%, with some areas seeing an increase of up to 50%. The government aims to align the guidance value with market value and generate additional revenue of Rs 2000 crore.
If I had to bet on house prices going down vs rent going up to reach equilibrium, my bet is still on the former, Zerodha co-founder Nikhil Kamath said.