[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Hyaemin Park staff of Kamagroup. Here I have important INDIA REAL ESTATE news to share with you which is as mentioned under.|
MUMBAI: Absorption of flexible space across India touched 2 million sq ft in the quarter ended September led by Bangalore, Delhi-NCR and Mumbai. These prime office markets accounted for about 70% of total flexible office space take-up, said a CBRE South Asia report.
Bangalore dominated the flexible space stock, followed by Delhi NCR and Mumbai. Flexible space penetration was the highest in Delhi NCR and Bangalore; Mumbai and Pune displayed similar penetration patterns similar to Hyderabad.
“We expect that landlords will increasingly cater to occupier interest by providing space-as-a-service on demand. Given that the Indian flexible space market is one of the biggest across APAC, we anticipate that this segment will remain high on the investor radar as well,” said Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/flexible-space-take-up-in-india-touched-2-million-sq-ft-in-q3-report/articleshow/72161669.cms
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