Hyderabad & Bengaluru to account for half of India’s new office supply
Saturday, 14 October 2023 Bengaluru and Hyderabad are expected to contribute to almost half of the upcoming office space supply in India's top seven markets between 2023 and 2025, according to CBRE. Hyderabad will account for 20% of total upcoming supply, while Bengaluru will account for 29%. The report also highlights the areas in Hyderabad that will see the most new completions. The office sector in India is experiencing growth, driven by sustained technology spending and the country's cost and scale advantages. Average annual office supply and building size are expected to further increase in the coming years.
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