Office realty in demand, but home sales fall

India’s office real estate market stayed positive while residential sales across the country fell sharply since early this year. Higher corporate demand and reduced Grade-A supplies have pushed upwards the rental of commercial properties across the country.

“Of the 36 commercial micro markets in the country, 10 have seen rise in rent by over 25% in the past one year. Certain micro markets in Hyderabad have even seen increase in rent by up to 40%. The recent regulatory changes make India more attractive for foreign investors and developers and will offer a level playing field,” said Sanjay Dutt, CEO for India Operations, Ascendas-Singbridge.

Read more: Economic Times