JLL: Q3 office leasing hits 23.2M sq ft as Hyderabad jumps 2.5x
Nine-month leasing reached a record 61.1M sq ft. Vacancy in Mumbai and Delhi NCR is at a 15–16-year low.
Original article →Short summaries of commercial and industrial property news across the seven cities.
Nine-month leasing reached a record 61.1M sq ft. Vacancy in Mumbai and Delhi NCR is at a 15–16-year low.
Original article →Up 26% year on year, and 63% in Q3 alone. Automotive leasing grew fastest, up 70%.
Original article →Hyundai and Kia plan to expand manufacturing and future mobility in India, which could lift demand for supplier plants around Chennai.
Original article →Bengaluru leased 5.2M sq ft and Chennai 2.0M sq ft. National average rents rose 2% quarter on quarter.
Original article →Bengaluru leads with 16.7M sq ft. Global capability centres keep gaining share.
Original article →CBRE says Jan–Sep office absorption rose 8% and new supply hit a record. Hyderabad, Bengaluru and Pune took 89% of Q3 completions.
Original article →Chennai leased 6.1M sq ft (+39%), including 3.8M sq ft of industrial space. Bengaluru leased 4.4M sq ft (+33%).
Original article →New SIPCOT parks will be built in less-industrialised districts over five years.
Original article →Grade-A leasing across eight cities reached about 22M sq ft (+12%); Delhi NCR and Chennai took over 45%.
Original article →Amazon's data centre arm leased 4 acres from L&T for 17 years 7 months at about ₹2.76 crore a month, rising 3% a year.
Original article →A new industrial park north of Bengaluru is in progress, though farmer protests continue.
Original article →It leased a warehouse on the Talegaon–Chakan road at ₹24/sq ft/month for over five years, with a ₹1.26 crore deposit and 5% annual escalation.
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