Real estate monitor October 2012
By Jones Lang LaSalle, India Service sector, which is the core contributor to the GDP of India, has the highest demand for office space in the country. The sector witnessed a stable growth at 8.5% in FY12 despite the overall economic slowdown and is expected to remain stable over the coming months.
Market highlights for September 2012:
- Office space demand remained stable in most cities. Retail space demand continued to remain slow while, residential sales improved
- Office and retail rents and capital values remained stable across major cities. There was a marginal increase in residential capital values in Delhi-NCR, Bangalore and Chennai in September