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Construction : Real Estate Update | January 2017 | Source : CW-India

India´s net office absorption to surge

According to a report by Cushman & Wakefield, India´s top eight property markets are likely to witness a 10 per cent surge in office space net absorption in 2017 to 32.5 mn sq ft. Strengthening business confidence, stabilising global concerns and an optimistic economic outlook are likely to infuse confidence into occupiers, steering net office absorption across property markets. Net absorption will gather pace in the last quarter of this year and is expected to close around 30 mn sq ft and is expected to continue to gain momentum for the next four years. These property markets include Mumbai, Delhi-NCR, Bengaluru, Pune, Ahmedabad, Hyderabad and Chennai.
 
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