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