Office rents up 7% in top 7 cities despite tepid leasing in HIFY24: Anarock
Business Standard|December 08, 2023
Notwithstanding tepid leasing activity in the first half (H1) of 2023-24 (FY24), average rental values across the top seven cities witnessed a 7 per cent growth in H1FY24 compared to the same period in 2022-23 (FY23), essentially due to increased construction and input costs, according to Anarock Research.
Office rents up 7% in top 7 cities despite tepid leasing in HIFY24: Anarock

The data indicates that Grade A office rental values averaged at ₹83 per square foot per month across the top seven cities in H1FY24, while in the corresponding period in FY23, it was about ₹77.5 per square foot per month.

The top seven cities covered by Anarock are Bengaluru, Mumbai Metropolitan Region (MMR), Delhi-National Capital Region (NCR), Chennai, Hyderabad, Pune, and Kolkata.

Chennai saw the highest 10 percent yearly increase in average office rental value, followed by Hyderabad with an 8 percent yearly growth. Bengaluru, Pune, and Kolkata saw 7 percent annual growth each. Realty hotspots MMR and NCR registered a 5 percent jump in rental values.

Diese Geschichte stammt aus der December 08, 2023-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der December 08, 2023-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS STANDARDAlle anzeigen
Business Standard

Nearly ₹1 trn unspent welfare funds lying in states' accounts

Funds to the tune of ₹1 trillion for centrally sponsored schemes are lying unspent in the single nodal agency (SNA) accounts of states.

time-read
1 min  |
February 18, 2025
Govt plans to raise deposit insurance beyond ₹5 lakh
Business Standard

Govt plans to raise deposit insurance beyond ₹5 lakh

A proposal to increase deposit insurance is being considered and the finance ministry will notify it once the Cabinet takes a decision, said M Nagaraju, secretary, financial services, Ministry of Finance, on Monday.

time-read
1 min  |
February 18, 2025
₹1,400 cr. Industrial Push: MP Targets Jobs, Growth & Global Investors
Business Standard

₹1,400 cr. Industrial Push: MP Targets Jobs, Growth & Global Investors

Aims at generating 20 lakh jobs in five years and increase GDP to ₹6 lakh crore by 2030

time-read
1 min  |
February 18, 2025
Business Standard

India delivering 'good returns': FM on FII selloff

Choppy markets, dropping valuations make post-IPO exits via block deals challenging

time-read
2 Minuten  |
February 18, 2025
Govt weighs LPG subsidy for OMCs as losses mount
Business Standard

Govt weighs LPG subsidy for OMCs as losses mount

As cooking gas underrecoveries soar, Centre considers ₹40K cr mid-yr payout

time-read
2 Minuten  |
February 18, 2025
Smallcaps in free fall: More pain ahead?
Business Standard

Smallcaps in free fall: More pain ahead?

Meltdown raises concerns of a full-blown capitulation

time-read
2 Minuten  |
February 18, 2025
Trade deficit widens to nearly $23 billion in Jan as exports shrink
Business Standard

Trade deficit widens to nearly $23 billion in Jan as exports shrink

India's merchandise trade deficit widened to nearly $23 billion in January, compared with $16.5 billion a year earlier, as the value of exports dropped amid subdued demand for petroleum products and global economic uncertainties.

time-read
2 Minuten  |
February 18, 2025
Business Standard

Embedding Sustainability in Organisational DNA

> K Vijay Vardhan Rao, Senior President Marketing, Maha Cement, highlights the unique steps taken to weave sustainability into the brand fabric

time-read
2 Minuten  |
February 18, 2025
A Case Of Kilos
Business Standard

A Case Of Kilos

Global pharma majors are looking to cash in on India's obesity crisis, but weight-loss drugs demand time and money

time-read
5 Minuten  |
February 18, 2025
Reviving manufacturing growth
Business Standard

Reviving manufacturing growth

Ensuring manufacturing growth consistent with our development aims requires the government becoming less entrepreneurial and the corporations becoming much more entrepreneurial

time-read
5 Minuten  |
February 18, 2025