India Market Snapshot Q1 2023

Our latest report, India Market Snapshot | Q1 2023, provides a quick look at the key trends and developments across 6 of India’s major office markets, namely Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune.  

Some of the highlights:

- India witnessed gross absorption of 14 mn sq. ft., a YOY decrease of 11%. On the supply side, a YOY decrease of 31% was seen with supply of 13.1 mn sq. ft. However, on a quarterly basis, both demand and supply grew by 16% and 23%, respectively.

- Bengaluru, Delhi-NCR and Chennai together accounted for two-thirds of quarterly demand.

- At 27%, flexible workspace was the biggest contributor to demand.

- Maximum supply infusion was witnessed in Hyderabad and Pune, cumulatively over 50%.

Our report has all the details. Download it today!