The Delhi High Court has granted 10 days' time to Centre to decide the request of the Aam Aadmi Party for temporary allotment of land for office space.
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This represents 29 per cent increase compared to H1 2023. Meanwhile, new office space supply witnessed a sharp decline of 32 per cent year-over-year (YoY), with only 17.4 million square feet completed in H1 2024. This limited supply, coupled with increased transaction activity, led to a decr
Residential property prices in Bengaluru have jumped 57 per cent in the last 5 years, as per 'Bengaluru's Real Estate - Your Gateway to Opportunity' report released by ANAROCK.
Over the next 12 months, approximately 30 per cent of companies plan to increase their use of flexible office space as a central component of their office strategy.
In the second quarter of 2024, the amount of new office space in the top 6 cities increased by 6 per cent compared to the same period last year, totalling 13.2 million square feet, the report added. This was a notable 16 per cent rise over the previous quarter.
The Delhi High Court on Wednesday ordered the Central government to decide within six weeks on the Aam Aadmi Party's representation seeking temporary office space in the national capital.
According to the press release, this growth, recorded from April 2023 to March 2024, was largely driven by the Engineering and Manufacturing (E&M), Banking, Financial Services and Insurance (BFSI), and technology sectors.