[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important INDIA real estate news to share with you which is as mentioned below.

NEW DELHI: The net office leasing in January-March 2022 jumped over two-fold to 11.55
million square feet across seven cities on better demand from corporates and co-working
operators amid significant reduction in COVID-19 infections, according to real estate
consultant JLL India.

Net absorption of office space stood at 5.43 million square feet in the year-ago period.

Net office leasing, however, remained flat compared to the previous quarter.

According to the data, net absorption of office space grew in all seven cities, barring
Bengaluru that saw 30 per cent decline in the leasing numbers.

JLL India on Thursday released its quarterly leasing and supply data of the India’s top
seven markets.

Net absorption is calculated as the new floor space occupied less floor space vacated.
Floor space that is pre-committed is not considered to be absorbed until it is physically
occupied.

In Bengaluru, one of the key office markets, net leasing declined 30 per cent to 1.67
million square feet in January-March 2022 as compared with 2.38 million square feet in
the year-ago period.

Net absorption of office space in Chennai climbed to 1.21 million square feet from 0.37
million square feet, while the leasing in Hyderabad went up sharply to 3.42 million square
feet from 0.79 million square feet.

In Mumbai, the office leasing jumped to 1.44 million square feet from 0.24 million square
feet, while the absorption in Pune rose sharply to 2.30 million square feet from 0.50 million
square feet.

The Delhi-NCR market saw 22 per cent increase in net leasing of office space to 1.34 million
square feet from 1.09 million square feet.



Read more at:
https://realty.economictimes.indiatimes.com/news/commercial/net-leasing-of-office-space-in-jan-mar-jumps-over-two-fold-to-11-55-million-sq-ft/90569941


KAMA GROUP
New Delhi
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