Net absorption of office space stood at 12.16 million square feet in the third quarter of this fiscal year as against 10.69 million square feet in the year-ago period.
Work needs to be done to clean up land records, performance indicators and data sources as well as an expansion in the size and scope of listed vehicles, especially REITs, A JLL report has said
The improvement in affordability levels would further boost housing sales, which have risen despite increases in property prices and interest rates on home loans.
Despite global challenges, the net leasing of office space increased by 5% to reach 10.37 million square feet in July-September across seven cities, as reported by JLL India.