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- 30/04/2024
- Real-estate
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- 01 Min
Offshoring Drives Demand for Office Space Leases in India’s Commercial Real Estate
According to Knight Frank, a big real estate company, India’s offshoring industry is growing a lot. This is making more companies want office space all over the country. In fact, over 46% of office leases in big Indian cities are because of this growing industry. This means both the industry and real estate are growing strong. The demand for office space is making new office buildings pop up, especially in places like Gurgaon. This is because companies in the offshore industry want to hire more skilled workers.
In Gurgaon, where tall buildings are always being built, offshoring is changing the real estate market a lot. It’s no surprise that a lot of office leases across India are because of the offshoring industry. This shows how important it is for the economy and real estate.
A real estate company, says that the offshore industry is super important for the world economy. Gurgaon is proof of India’s big economic changes. It’s attracting not just offshore companies, but also big IT and finance companies, showing it’s a great place for business.
The offshoring boom is helping Gurgaon grow a lot. More buildings are going up, and there are more homes and things like parks for the growing population.
With more demand for office space, real estate prices are going up. This is tough for small businesses looking for good spots, but it also shows that the market is strong and good for investing. But, it’s also showing that cities need better plans for things like roads and power to keep up with all the growth. As places like Gurgaon become big global business centers, the need for office space keeps growing, which is great for the real estate business in India.
