28.5 percent vacant office space in Delhi-NCR, lowest in Pune at 8.5 percent: Report


New Delhi . National Capital Region-Delhi (Delhi-NCR) has the highest 28.5 percent office space vacant. Only 8.5 percent space is left for offices in Pune. The main reason for this is high demand for good space from information technology and related (IT sector) sectors. Property advisory company Enrock gave this information.

According to the data of first-class office space in seven major cities of the country, Chennai has 10.35 per cent, Bengaluru 11.25 per cent and Hyderabad 15 per cent space or space left for offices. In a statement, Enrock said that among the seven major cities, NCR has the highest office property space at 28.5 per cent.

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IT sector gave pace
The IT sector is getting the most help in filling the office space. This is followed by Kolkata with 23.5 per cent and Mumbai Metropolitan (MMR) area having about 16 per cent vacant office space. Anarock said, “Information Technology (IT) or ITeS has been one of the fastest growing sectors during the COVID-19 pandemic. This sector helped in filling first-class office space in the top four IT/ITeS driven cities of the country.

Best place in Bangalore
According to the data, Bengaluru has the highest number of first class offices at around 168 million square feet. This is followed by Delhi-NCR with 128 million sq ft, Mumbai metropolis 108 million sq ft, Hyderabad 80 million sq ft, Pune 60 million sq ft and Chennai with 55 million sq ft and Kolkata with 25 million sq ft.

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Due to the Corona epidemic, more big companies were working on the work from home model. Now the offices have started opening after the situation becomes a bit normal. Companies are working on the hybrid model. Due to the opening of the office, once again demand is being seen in this sector. Many companies had vacated their offices. Now they are returning.

Tags: Delhi, Office, real estate


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