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Green buildings dominate 75% of office space in Top 7 Indian Cities: JLL
The Business Guardian
|June 11, 2024
India's premium office space Linventory expanded by 164.3 million square feet of new buildings from 2021 to first quarter of 2024, according to a report by real estate advisory firm JLL.
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The report also highlights that Indian cities have emerged as tech and Global Capability Centers (GCC) hubs, accounting for about 84 per cent of all GCC leasing activity since 2021.
During the year 2021 to Q1 2024, the top seven markets in India- Bengaluru, Chennai, Delhi NCR, Hyderabad, Mumbai, Pune, and Kolkata, saw a cumulative net absorption of approximately 113 million square feet, with a 94.3 million square feet in new-age buildings completed since 2021. Improved asset quality and sustainability ratings have positively impacted space take-up across India's office markets.
This story is from the June 11, 2024 edition of The Business Guardian.
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