In stark contrast to the ailing residential sector, India’s office real estate sector defied the overall economic slowdown in calendar year (CY) 2019. Ltd, office supply in CY2019 is likely to rise 13% from a year ago, touching 43.3 million sq. However, as the chart shows, overall vacancy level in office property has been falling. Further, with consolidation in the sector over the last decade and the presence of seven to eight large office asset developers means competition is limited. Against this backdrop, the trend of high absorption in relation to supply may well continue in the coming quarters.

Source: Mint January 02, 2020 01:52 UTC