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Prime office rentals to remain stable in India over next 12 months: Knight Frank

Office rents in Delhi's Connaught Place and the BKC region of Mumbai remained unchanged in the third quarter of the calendar year 2021, Knight Frank’s Asia-Pacific Prime Office Rental Index Q3 2021 report says

Office rentals remained stable across the major markets in India in Q2 2021.

Office rentals remained stable across the major markets in India in Q2 2021.

The country’s top office markets— Bengaluru, National Capital Region (NCR) and Mumbai— are expected to remain stable in rental values over the next 12-months, international property consultancy Knight Frank has said.

The rents during the third quarter of the calendar year 2021 largely remained flat, Knight Frank’s Asia-Pacific Prime Office Rental Index Q3 2021 report said.

With India achieving the milestone of 100 crore vaccination, the country was moving towards a more normalised work environment, said Shishir Baijal, Chairman and Managing Director of Knight Frank India.

“Many corporate, including those from the technology sector, have started a “return to office” and are looking to sign office leases now,” said Shishir Baijal, Chairman and Managing Director of Knight Frank India.