Office mkt remains appealing for long-term investors seeking stable returns

Rentals may not, however, appreciate in the near term due to considerable supply in a muted demand environment

The Indian office real estate market, which had recovered significantly in early 2022, began to slow down in the latter half due to macroeconomic problems in the developed world. Rental yields are likely to be stable at best in FY24.

Recovery followed by slowdown  

The office leasing market witnessed strong growth in the first half of calendar year 2022. “This was due to the resumption of economic activity and a gradual acceleration of occupiers’ return-to-office plans,” says Anshuman Magazine, Chairman & CEO-India, Southeast Asia, Middle East and Africa, CBRE.

According to data from CBRE, 56.5 million sq ft of office