Mumbai
The Mumbai office market in H1 2019 witnessed net absorption of 2.94 mn sq ft. along with a strong demand from the BFSI sector in Greater Mumbai and from IT/ITES in Navi Mumbai and Thane.
Hyderabad is one of the most liveable cities in India. Although the city’s infrastructure is one of the best in the country, globally the city still lags on the Mercer Quality of Living Rating 2019.
This year, India witnessed the launch and successful listing of its first Real Estate Investment Trust (REIT) by Blackstone and Embassy.
The office market in India had been on a growth trajectory during the last four years. In 2019, it reached its peak with net absorption of Grade A spaces touching a new high of 46.5 mn sq. ft.
The COVID-19 pandemic has disordered economies and businesses across the world.