Pune Leads in Pre-commitment among Key Office Markets

RameshNairRamesh Nair – CEO & Country Head, JLL India

Accommodation Times Bureau

For more than a year now, Pune has seen the highest pre-commitment levels among Indian office markets. In fact, in 2Q 2017, Pune’s pre-commitment activity stood at 48% that is almost half of the total supply expected during 2017. Bengaluru at39%Mumbai at 33% and Delhi-NCR at 22% of their respective total supply coming through 2017 were all behind Pune this quarter.

 

If supply coming through 2018 is considered, 29% of it has already gotten pre-committed in Pune. The figure for Bengaluru stands at 26%, followed by Mumbai at 15% and Hyderabad at 7%. In Mumbai and Delhi-NCR, pre-commitment activity is being seen in projects getting completed in 2019, too. Mumbai already has a pre-commitment level of about 17% for projects expected to start operations from 2019.





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