Office space take up witnesses 46% on-quarter rise in April-June

Office space absorption across key cities of India stood at 10.2 million sq ft during April-June quarter, registering around 46% on-quarter growth. The rise in absorption was led by Delhi National Capital Region (NCR) and Bangalore, which accounted for almost 50% of the total space take-up, said a property consultancy in a report.
On the supply front, nearly 7 million sq. ft. of fresh office space came into the market during this period. Hyderabad and Mumbai together led supply addition, accounting for more than 65% of the total supply of fresh office space across leading cities during the quarter.

Read more: Economic Times