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Top property developers bet big on office properties as demand rises

Property consultant Colliers expects a fresh office property supply of between 33 and 38 million sq ft every year in the next three years, including the current one

Real estate, Property prices, GST
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Last year saw absorption of office spaces of 30.1 million sq ft against new supply of 34.8 million sq ft and in 2019, there was absorption of 44. 8 million sqft against new supply of 33.4 sqft.

Raghavendra Kamath Mumbai
Rooting on demand revival next year, top property developers are looking to add millions of square feet of office properties in the next three to five years.
 
The developers have set the ball rolling on big projects, as the demand for workspace is once again going up after the pandemic-induced disruption.
 
Property consultant Colliers expects a fresh office property supply of between 33 and 38 million sq ft every year in the next three years, including the current one.
 
Last year saw absorption of office spaces of 30.1 million sq ft against new supply of 34.8 million

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First Published: Sep 26 2021 | 10:34 PM IST

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