Mumbai may add 16 million sq ft office space by 2017-end

Mumbai is expected to add around 16 million sq ft of fresh office space by the end of 2017. The current office stock in the city is at 106 million sq ft and is likely to add 8% of this stock, or almost 8.5 million sq ft, through this year.

The commercial capital of the country figures in the top three cities globally that will add the maximum supply of Grade-A office space through 2017, according to a recent finding. Shanghai tops the list among major global markets, followed by Mexico City, Mumbai, Beijing, Singapore, Sao Paulo, Tokyo, Moscow, San Francisco and London in the top 10, as of first half of 2016.

Read more: Economic Times