The Indian real estate sector was in full recovery mode in 2022 and is expected to continue its growth trend in 2023 while dealing with some challenges
In 2023, the share of leasing from domestic firms will play a significant role in determining the overall performance of the office market, similar to the trends seen in 2022
In its latest report on 'Asia-Pacific Outlook 2023', property consultant Knight Frank said that rent growth in the APAC region is expected to moderate in 2023 as corporate occupiers are looking to optimise overheads and generate savings.
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
