AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
Follow us on Google News
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

Prime office rent will not increase for one year in Delhi-NCR, Mumbai and Bengaluru: Report

by Aaryan Srivastav
November 17, 2024
Prime office rent will not increase for one year in Delhi-NCR, Mumbai and Bengaluru: Report

Mumbai, November 16 (IANS). Prime office rents in Delhi-NCR, Mumbai and Bengaluru remained stable in the July-September period, while Mumbai and Bengaluru witnessed a YoY growth of five per cent and three per cent respectively due to strong demand and limited new supply. This information has come out in a report released on Saturday.

According to the report, prime office rents in Delhi-NCR, Mumbai and Bengaluru remained strong on a yearly basis. With this, rental rates are expected to remain stable in the next 12 months.

According to a report by Knight Frank, Delhi-NCR is currently the sixth most expensive office space rental market in the Asia-Pacific region.

The combined transaction volume of these three markets consistently reached all-time highs in the second and third quarters of 2024. The credit for this growth largely goes to Global Competence Centers (GCC) and India-focused businesses.

The report said the surge reflects optimism about India’s economic future, its rich talent pool, business-friendly regulations and the continued growth of its vast consumer markets.

“The strength of the Indian economy is attracting global corporates, as evidenced by the sustained demand across the country’s key office markets,” said Shishir Baijal, Chairman and Managing Director, Knight Frank India.

“This positive outlook, coupled with stable rental levels through 2022 and rising demand into 2024, underlines our confidence in the continued strength of the Indian office market in the near to medium term,” he said.

In Q3 2024, Bengaluru saw the largest volume growth, at 158 ​​percent year-on-year. Bengaluru’s position as a GCC hub was further strengthened by the fact that 62 per cent of the positions traded in the city were from the GCC.

Most of the business in Mumbai and NCR was due to companies dealing with India.

Prime office rent in Mumbai was recorded at Rs 317 per sq ft per month. In Bengaluru it was Rs 138 per sq ft per month and in Delhi-NCR it was Rs 340 per sq ft per month.

–IANS

SKT/AKJ

SendShareShareTweetSharePinShareSend

Related Posts

Submit ₹ 2,00,000 and get a fixed return of ₹ 32,044, check details
Business

Submit ₹ 2,00,000 and get a fixed return of ₹ 32,044, check details

by Aaryan Srivastav
May 10, 2025
Revenue of Reliance Power decreased by 1 percent in the fourth quarter of FY 2025
Business

Revenue of Reliance Power decreased by 1 percent in the fourth quarter of FY 2025

by Aaryan Srivastav
May 10, 2025
Adani power will supply 1500 MW power to UP, will invest $ 2 billion
Business

Adani power will supply 1500 MW power to UP, will invest $ 2 billion

by Aaryan Srivastav
May 10, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2024 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2024 AnyTV News Network All Rights Reserved.