Market Report
The Connect Q2 2024
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Key Insights
1
17.04 Mn sq ft of absorption in Q2 2024, increased by 27% quarterly
2
Bengaluru dominated the absorption with 25% share
3
40 Mn sq ft of new completions in Q2 2024, increased by 15% quarterly
Key Takeaways
- Office spaces are expected to cross the 60 Mn sq ft mark again after peaking in 2023
- Real estate activities are anticipated to increase further on the back of strengthened demand from IT-ITeS and BFSI sectors
- Flex spaces are also likely to play a pivotal role in the growth of office markets in India
