Anarock reports 7% rise in office rentals to Rs eighty three per sq ft/month across main Indian cities in H1 FY24 due to building value hikes. Office area exercise stagnates, with a 5% provide increase and 1% absorption decline. Average rents grew in Chennai (10%), Hyderabad (8%), Bengaluru, Pune, Kolkata (7%), MMR (5%), and Delhi-NCR (5%). In the last couple of years, the residential market has come out of an extended interval stagnancy in costs. Attracted by the prospect of capital gains, the residential market is currently witnessing large participation from investors, according to international property consultant Cushman & Wakefield.…
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