Steady rentals, high absorption levels and limited supply, have contributed to the commercial real estate market in India witnessing an improved sentiment. This segment has witnessed a surge, relative to other real estate asset classes, on account of the growth in the IT/ITeS, BFSI and consulting sectors and the growth of high-potential start-ups. There has been an increase in demand, from 4-5 million sq ft in 2000 to over 35 million sq ft in 2015. It is estimated that around 36.2 million sq ft of commercial real estate was absorbed last year, with approximately 40 million sq ft expected to be constructed in 2017.
Read more: Moneycontrol
