The Times of India News

Office supply tightens: Delhi-NCR, Mumbai see sharp fall in new office completions; demand outpaces additions across top cities

Office space supply dipped significantly in Delhi-NCR and Mumbai last year, even as demand for prime workspaces remained robust across India's major cities. This imbalance led to lower vacancy rates and a rental increase of up to 15% year-on-year. Technology and BFSI sectors, along with Global Capability Centres.