Avg office rent up 8pc in Delhi-NCR in Jan-Jun

Updated: Aug 13 2022 5:19PM

New Delhi, Aug 13 (PTI) Office rentals in Delhi-NCR rose by an average of 8 per cent in the first six months of this year, according to property consultant Savills India.

In its latest report 'India Market Watch Office – H1 2022', Savills mentioned that the Delhi-NCR witnessed gross absorption of 5.6 million square feet in H1 (January-June) 2022, up by 194 per cent from H1 2021.

"Unlike H1 2021, which saw almost equal share in the leasing activity from Gurugram and NOIDA, the first half of 2022 witnessed varied leasing activities from these two regions," the report said.