Rents and capital values for prime offices are expected to grow more rapidly in 2016, according to the study by the Royal Institution of Chartered Surveyors (RICS), a standards setting body for the real estate and construction sectors.
“Office demand for the last several quarters has been improving and is expected to continue in the same direction this year as well. In fact, the demand for Grade A office space is outstripping supply, with many new Indian startups in the tech space, global MNCs, IT and telecom companies expanding operations in India. This is definitely a good trend, one which we hope to see continue,” said Devina Ghildial, managing director – South Asia at RICS.
Read more: Economic Times
