The demand for world-class office spaces in metro cities has always been on the rise. Indian corporate giants and multinational corporations want to expand their businesses in different parts of urbanized India for which they need to lease commercial spaces. According to a recent report published by JLL India, office space absorption in the Indian metro cities has significantly increased in February. Limited supply and improved demand are the main reasons behind an optimistic figure of commercial real estate in the metropolitans.
As reported by the Economic Times, Bangalore still stands on top of the list with maximum demand from giants like HP and NTT. The city grabbed a total of seven deals in the Outer Ring Road (ORR) area and Electronic City. It was followed by New Delhi and National Capital Region (NCR) that saw five transactions from Thai airways and several other company expansions. Ahmedabad, Mumbai, Pune and Hyderabad were other cities that were on the list. Unlike other time periods, Kolkata witnessed no activity in the month of February. [Read more…]