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Office space rentals in India seen stable in 2010 

(28-04-2010)

Rents for office space are seen stable in 2010 as increased spending by IT and ITES firms absorbs space put out over the last few quarters, a recent survey by real estate consulting firm C.B. Richard Ellis showed.

The market for commercial space in major Indian cities has seen a boost in demand in the March quarter even as rents remain hobbled by excess supply.

"I don't expect rentals moving up in the near future. The supply is enough, although the market has picked up and office take-up has improved," Anshuman Magazine, Chairman of C.B. Richard Ellis (South Asia) told Reuters.

 
  
Office space rentals in India seen stable in 2010
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