Mumbai office market

Business

Pune, Mumbai See Major Hikes as Office Rentals Surpass 2019 Levels

For the first time in 2024, average office rents across India’s six largest cities have exceeded pre-pandemic levels, according to a report released on Wednesday by Colliers India, a real estate advisory firm. Nationwide, average office rents have risen from Rs 99.5 per square foot in 2019 to Rs 101.3 per square foot in 2024. This marks a significant recovery…