by JLL India
Office space demand
continued to remain moderate in most cities in India. Retail space demand
improved in few cities while, residential sales and launches continued to
increase across the major cities of India.
Office and retail
rents and capital values remained stable across all 7 cities. Retail space
capital values increased marginally in Mumbai & Kolkata and sharply in
Chennai. Residential prices continued to increase across all the 7 cities in
January, 2013 except Mumbai and Delhi.
The financial capital
of India – Mumbai, is one of the key office markets for India. After a subdued
absorption due to decline in corporate buoyancy in 2012, leasing and buying of
office space is expected to pick up in 2H 13.
Supply of Grade A
office space will remain restricted causing rents and capital values to
increase through the year.
In latest edition
of JLL India "Pulse" they have
interesting predictions for the Mumbai office market in 2013. In addition we
also have a quick update on the major trends for Office, Retail and Residential
real estate in January 2013.
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