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In Delhi-NCR 2019, the average monthly fare growth in 2019 looks at 10 percent to Rs 10 per sq ft to Rs 78 per month to Rs 86 per month.
The Mumbai Metropolitan Region (MMR) saw a growth of Rs 124 per sq ft from Rs 124 per sq ft in Rs 140 per sq ft in 2019.
According to Anarock, an average office fare can increase the highest 26 percent in Bangalore in Bangalore to Rs 93 per sq ft per month in seven major property markets in India. In 2019, the monthly office Rental Hyderabad increased by 25 per cent to Rs 56 per sq ft in 2024 to Rs 67 per sq ft in 2024, while Chennai saw an increase of Rs 60 per sq ft from Rs 60 per square foot to Rs 20 per sq ft in 2019.
Real Estate Advisor Anarock, who entered the office leasing advisory business last year, released data on India’s seven major property markets-NCR, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad and Pune on Friday.
In these seven cities, Bangalore made an increase of 26 percent in the average office fares in 2024 to Rs 93 per month at Rs 93 per month at Rs 93 per month in 2024.
In 2019, the monthly office Rental increased by 25 percent in Hyderabad to Rs 56 per sq ft in 2024, Chennai saw an increase of Rs 60 per sq ft from Rs 60 per sq ft to 20 percent in 2019.
In 2019, Delhi-NCR watched the increase of average monthly fare at least from 10 percent to 10 percent to Rs 10 per sq ft from Rs 78 per month to Rs 78 per month.
Fare in Pune increased by Rs 68 per sq ft in 2024 in 2024 in 2024 to Rs 68 per sq ft in 2029.
The Mumbai Metropolitan Region (MMR) saw a growth of Rs 124 per sq ft from Rs 124 per sq ft in Rs 140 per sq ft in 2019.
The average office fare in Kolkata increased from Rs 52 per sq ft to Rs 62 per sq ft in 2019.
MD-commercial lease and advisor Push Jain in Anarock said: “The southern brothers and sisters of Bangalore, Hyderabad and Chennai have seen the part of the lion’s office space absorption.” Supplies and fare in these southern cities.
“As India is one of the fastest growing economies, global corporates will look for the establishment of their GCC for expansion. Jain said that the Start-up Ecosystem has gained momentum again and they will also be the major drivers of the BFSI region as well as the office demand.
The Mumbai-Cyroquests entered the office leasing segment in April 2024, with housing brokerage, capital market transactions, and retail as well as industrial and warehousing spaces as well as their business.
The Homegron Enarock was established by Anuj Puri in April 2017 after serving as the head of the country for 10 years in an international property counseling firm. The group is targeting revenue increase of more than 40 percent in this financial year for Rs 800 crore, mainly behind the demand for strong housing.
