India's Office Space Boom: A Post-Pandemic Surge
Office space demand in eight major Indian cities hit a record high in 2024, surpassing pre-COVID levels. This growth is a testament to India's economic resilience and increasing global significance, reflecting a 21% Year-on-Year growth. Major cities like Bengaluru and Mumbai saw significant increases.
- Country:
- India
Office space demand in major Indian cities reached unprecedented levels in 2024, surpassing pre-pandemic achievements, according to Knight Frank.
In a remarkable turnaround, the year's office space absorption hit 719 lakh square feet, a 19% increase from the 2019 peak.
This robust growth signifies India's economic resilience and its rising global economic influence.
(With inputs from agencies.)
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