by Mr. Anuj Puri, JLL India
Indian Commercial Real Estate 2013: A Review..
Vacancy rate for 2013 signs off at around 18.2 %, rising
from 17.4 % as of end- 2012. Hyderabad and
Delhi - NCR were the biggest contributors in terms of
vacancy levels. This was largely due to increased
new supply as against a fall in absorption.
On the other hand, the ‘heavyweight’ cities of Mumbai
and Bangalore witnessed marginal fall in vacancy. Both these cities saw
reduction in the growth of new
stock supply, while absorption of office space
recovered. Overall, pan-India supply rose by 10.4 % y on y
in 2013, whereas the fall in absorption was less severe
(-1.1%y/y) as against the fall of over 26%
seen last year.
About the Author
Mr. Anuj Puri is Chairman & Country Head at Jones Lang LaSalle
India
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