Strong Start To Office Real Estate In India In 2024: Report businessworld.in
Office real estate in India did well in the first quarter of 2024, increasing to 13.40 million sq ft from 11.85 million sq ft same quarter of last year, as per the latest office market report from Vestian, a US-headquartered workplace solutions firm. During the January-March 2024 quarter, the office market showcased a 13 per cent increase in absorption. However, the absorption declined by 31 per cent quarterly. The Vestian report said that the southern cities of Bengaluru, Chennai and Hyderabad accounted for 61 per cent of the pan-India absorption in the first quarter of 2024, increasing its share from 54 per cent a year earlier
