Summary:
“This supply includes a major office space spanning 2.5 million sq ft in Gurgaon by DLF. In Gurgaon, the supply in 2018 was 1.35 million sq ft, which is likely to shoot up to 8.5 million sq ft in 2019. In Noida and Greater Noida, commercial space launched in 2018 was 1.48 million sq ft. This is forecast to increase to 13 million sq ft in 2019. According to Colliers’ figures, total absorption in NCR stood at 10.07 million sq ft in 2018..