ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

Delhi-NCR, Bengaluru; India’s biggest office markets in 2022
Real Estate

Delhi-NCR, Bengaluru; India’s biggest office markets in 2022

As offices are opening up once again almost after two years of the pandemic, the net absorption of office properties across the top seven cities (Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune) has surpassed pre-pandemic levels, a report by real estate company JLL revealed.

Interestingly, the net absorption of office properties this year has also surpassed the five-year pre-pandemic average (2015-2019) by 3.1%. At 38.25 million sq. ft, the net absorption this year is second only to the 2019’s net absorption numbers for the past 10 years, showcasing the strong resilience of the Indian office markets, as per JLL.

“The office market in India has made a strong recovery in 2022 with the year emerging as the strongest in terms of office market performance post-Covid and second only to 2019 over the last decade. Even with the evolving hybrid work ecosystem, we have seen a sharp rise in office occupancy levels,� Rahul Arora, head office leasing advisory India and MD, Karnataka, Kerala at JLL India said.

Also Read
NHAI invites bids for 4-laning of road in Karnataka
Gadkari to inspect B’luru-Mysuru expressway on Jan 5

As offices are opening up once again almost after two years of the pandemic, the net absorption of office properties across the top seven cities (Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune) has surpassed pre-pandemic levels, a report by real estate company JLL revealed. Interestingly, the net absorption of office properties this year has also surpassed the five-year pre-pandemic average (2015-2019) by 3.1%. At 38.25 million sq. ft, the net absorption this year is second only to the 2019’s net absorption numbers for the past 10 years, showcasing the strong resilience of the Indian office markets, as per JLL. “The office market in India has made a strong recovery in 2022 with the year emerging as the strongest in terms of office market performance post-Covid and second only to 2019 over the last decade. Even with the evolving hybrid work ecosystem, we have seen a sharp rise in office occupancy levels,� Rahul Arora, head office leasing advisory India and MD, Karnataka, Kerala at JLL India said. Also Read NHAI invites bids for 4-laning of road in Karnataka Gadkari to inspect B’luru-Mysuru expressway on Jan 5

Next Story
Infrastructure Transport

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..

Next Story
Infrastructure Urban

INDEA Lays Foundation for India’s First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..

Next Story
Infrastructure Transport

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement