Comment on JLL Office Report By Atul Banshal, Omaxe Ltd
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Below the comment on JLL Office Report Mr. Atul Banshal, Director-Finance, Omaxe Ltd.
The demand for Grade A office space in India is experiencing a significant rise, fueled by the establishment of headquarters and branches by numerous multinational corporations. Additionally, the adoption of bringing work to your homes in Tier II & III Cities, models following the COVID-19 pandemic has led to an increased demand for Grade A office spaces even in Tier II & III cities such as Chandigarh, Ludhiana, Pune and Indore.
As the demand for office spaces continues to grow, there is an opportunity for these spaces to be included in Real Estate Investment Trusts (REITs). This inclusion allows investors to participate in the office space market, and as a result, we can expect to see a surge in the supply of Grade A office spaces in the near future.
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