Commercial office market a bright spot for real estate sector

Steady lease rentals, high absorption levels, inadequate supply and global investor interest have breathed life into India’s commercial real estate sector, even as the country’s residential property market continues to be in a slump. Unlike the fragmented market for residential properties, a few leading developers, backed by large investors, are building Grade A (top quality) office space in key cities. Around 38.4 million sq. ft of Grade A space is expected to be built in 2016, of which around 33 million sq. ft is likely to be taken up on lease.

Read more: Live Mint