Knight Frank Indian Office Market Review: Q1 2009

15 May 2009

Current financial crisis in the real estate sector has resulted in a number of major players having to stall or offload stakes in ongoing projects. Approximately 183m sq ft of office space, including SEZs, to be developed in the 7 major cities of the country over 2009-11, which is expected to far exceed the incremental demand for office space of about 122m sq ft.

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