Commercial leasing activity has grown by almost 16% y-o-y from 35.4 million sq. ft. in 2020 to more than 41 million sq. ft. during 2021, with Bengaluru, Hyderabad and Delhi-NCR together accounting for 70% of the leasing activity
The design and implementation of the third office of Düzen Laboratories has been carried out by Iglo Architects led by Esen Akyar Karoğlu and Zafer Karoğlu.
In one of the biggest transactions to have taken place in the commercial real estate market in Mumbai this year, Parinee Developers has sold 30,000 sq ft of office space in Bandra-Kurla Complex to a major Indian gas company.
• Industrial and logistics investments highest in 5 years at USD1.1 bn
• Residential investments highest in 4 years at USD0.9 bn
• Investments into alternate assets up 26% YoY
Morgan Stanley Advantage Services recently took up a 37,000 sq ft of office
space at Nirlon Knowledge Park, in suburban Mumbai, for a five-year period.
"The year 2021 was a watershed moment for India’s real estate sector. Even when the going was tough, the sector not only remained resilient but also emerged stronger than expected."
A lot of IT parks projects are coming in the south-western part of Hyderabad towards Gachibowli and Kokapet side. Telangana has unlimited FSI and these days each is about one million sq ft.
