Friday, 29 September 2023

Monument Mitra Dalmia Bharat Introduces Special Offering for Schools, for a Unique Experience of History at Red Fort

 

Aims to nurture a profound appreciation for India's history and cultural diversity in young minds

New Delhi, September 28, 2023: Dalmia Bharat Limited, India’s leading cement manufacturing company and Monument Mitra – Red Fort has announced a special offering for schools for an immersive educational experience at the historic Red Fort in New Delhi. Through this initiative, it strives to spark curiosity and instill a sense of pride in young learners about India's history and culture via a dynamic and engaging platform. It will provide a holistic opportunity for students to expand their knowledge beyond the confines of textbooks and classrooms. Students can explore the Red Fort Visitor Centre which is housed in a 19th Century British barracks and delve deep into the captivating history of India through engrossing installations, interactive exhibits, and breathtaking 360-degree projections. They can witness history come alive through the mesmerizing Jai Hind Sound & Light Show, which is a dramatic representation of India's history from the 17th century to the present, combining projection mapping, live-action, life-size puppets and performances by dancers. Narrated by Shri Amitabh Bachchan as ‘Waqt’, this captivating show delves into pivotal moments of India's history, from the conflicts between Dara Shikoh and Aurangzeb to the rise of the Indian National Army, offering a historical journey starting with the fort's inauguration in 1648. The tailored offering will be available at exclusive prices for school groups only.

Commenting on the launch, the company spokesperson statedWe are excited to announce these specially curated offers for school groups, designed to make this unparalleled educational experience accessible to students from across the country. Students will have the chance to explore the Visitor Centre, engage with interactive exhibits, and be spellbound by the Jai Hind Sound & Light Show, all this while gaining a profound understanding of India's remarkable heritage and culture.”

Dalmia Bharat is deeply committed to preserving and promoting the nation's heritage and aims to instill a sense of national pride in future generations, igniting their enthusiasm to learn about India’s history and cherish their culture.

Download Press Kit for Images: https://www.dalmiabharat.com/jai-hind-the-sound-and-light-show/

About Monument Mitra: Dalmia Bharat Limited

Dalmia Bharat Limited was selected as a ‘Monument Mitra’ to adopt and develop tourist amenities at the nation’s iconic 17th-century heritage site, Red Fort by the Ministry of Tourism in collaboration with the Ministry of Culture and Archaeological Survey of India (ASI). As part of the government’s “Adopt a Heritage Project,” the company has been given the responsibility to provide basic and advanced tourist facilities at the Red Fort to make the monument tourist friendly and enhance its tourist potential and cultural importance in a planned and phased manner.

Marathwada's pioneering entrepreneurs take center stage: 'RISE: Marathwada ' to air Zee 24 TAAS, September 30th at 4:30 PM


Zee 24 TAAS is poised to bring viewers its extraordinary event of 'RISE: Marathwada ,' on Saturday - September 30th, 2023, at 4:30 PM. This program is a tribute to the indomitable spirit of entrepreneurs who are spearheading innovation and development, redefining the business landscape in Marathwada and beyond. It underscores the commitment of both the central and state governments to propel Maharashtra, with a particular focus on the Marathwada region, towards a brighter future.

The industrial growth in Marathwada, especially in Aurangabad, has been instrumental in driving economic prosperity and creating job opportunities. The diverse industries here have also led to improvements in infrastructure and urban development, experiencing innovative solutions that address local requirements while also appealing to global markets. 'RISE: Marathwada ' has been a crucible of ideas and insights, featuring enlightening discussions led by industry luminaries and policymakers on pivotal subjects like infrastructure development, real estate growth, agriculture, and more.

The  'RISE: Marathwada ' was graced by the presence of distinguished guests, including Hon. Bhagwat Karad, Minister of State for Finance, Government of India, and Hon. Uday Samant, Minister of Industries, Government of Maharashtra, Hon. Atul Save, Minister of Housing, Govt of Maharashtra, Hon. Sandipan Bhumare, Minister of Employment Guarantee & Horticulture, Govt of Maharashtra, who shared their valuable insights and visions for the region's development. Hon. Bhagwat Karad, Minister of State for Finance, Government of India, highlighted, "The Indian government is setting ambitious goals for the advancement of the Maharashtra state, with a special focus on the Marathwada region." Additionally, Hon. Uday Samant, Minister of Industries, Government of Maharashtra, expressed the desire for the industrial development of Maharashtra to be conducted in a cost-effective manner across all regions of the state.

Highlighting the success of the event, Nilesh Khare, Editor of Zee24 TAAS, highlighted, “Hosting the 'RISE: Marathwada' event in Aurangabad, a city where historical charm harmoniously coexists with industrial advancement, emphasizes its role as a vibrant center for forward-thinking entrepreneurs. We are really thrilled by the overwhelming response to the Marathwada Edition. We are deeply grateful to our viewers and partners for their unwavering support in making this event a grand success."

"At Zee Media Corporation Limited, we are committed to being a catalyst for positive change. 'RISE: Marathwada' exemplifies our dedication to showcasing the transformative power of entrepreneurship and regional development," added Abhay Ojha, CEO of Zee Media Corporation Limited.

Co-presented by MIDC, the 'RISE: Marathwada' was powered by Rajasthani Multistate Co-Operative Credit Society Ltd and its associate sponsors were  Dr. Chate Homeopathy & E Agrocare Machineries & Equipment Pvt Ltd.

Zee Media Corporation Ltd, one of India's leading media companies, has a strong presence in the news and regional genres, with 16 news channels in seven different languages, reaching more than 528+ million viewers through its linear and digital properties.

BigMuscles Nutrition signs Hardik Pandya as Brand Ambassador

The global fitness icon launches an exciting campaign #PerformanceHiPehchaan

[New Delhi, 29th September 2023] BigMuscles Nutrition, leading name in the health and fitness industry has signed Hardik Pandya, renowned international cricketer, as the brand ambassador for its wide range of nutritional supplements. This collaboration between fitness icon Hardik Pandya and BigMuscles Nutrition highlights their shared commitment to promoting a healthier lifestyle through high quality protein nutrition.

Premium Gold Whey Protein, its marquee product which is Informed Choice certified, a global quality assurance program for dietary supplement products, provides 25 gm protein and 11 gm of essential amino acids per serving. It is designed for fitness enthusiasts, gym goers and high performance athletes who need global quality-assured products to meet their fitness goals.

Mr. Suhel Vats, Managing Director, BigMuscles Nutrition, said, “We are thrilled to have Hardik Pandya, a high performing international athlete on board as our brand ambassador. Hardik’s reputation, dedication and passion for fitness and his commitment to excellence, perfectly align with our values at BigMuscles Nutrition. Our products are aligned with our performance personified ambassador and are a part of his workout regime.  Our campaign #PerformanceHiPehchaan reflects the high-quality performance of our products that makes them acknowledged market leaders.”

Premium Gold Whey Protein, a derivative of milk, is a high biological value protein that contains essential amino acids necessary for muscle building and repair, and recovery. This concentrated source of amino acids facilitates muscle protein synthesis, essential for athletes and gym goers who undertake high intensity workouts.

Commenting on his association with BigMuscles Nutrition, Hardik Pandya, said, “As a professional athlete, I am very particular about my fitness and dietary regime. BigMuscles Nutrition’s Premium Gold Whey Protein is the perfect protein companion for individuals focusing on high intensity muscle-building workouts and looking for global standards in their supplement. I am excited about this campaign and look forward to having fitness enthusiasts experience this high-performance video.”

TVC Video: BigMuscles Nutrition X Hardik Pandya | Thank you for all the tests

About BigMuscles Nutrition: BigMuscles Nutrition is India’s leading food supplement brand that offers quality protein supplements manufactured at their state-of-art facility. The products are Informed Choice certified, a global quality assurance program for dietary supplement products. Each BigMuscles product comes with a Trust Seal for protein authenticity and easily accessible test reports.

For more information, visit www.bigmusclesnutrition.com

Weekly Debt Update - Indian Bonds Entered the Big League

 

Indian Bonds Entered the Big League

Index Inclusion to drive Foreign Capital in Indian Bonds

Indian government bonds will be included in the JP Morgan GBI-EM Global indices with effect from June 2024. The inclusion would happen in a staggered manner with 1% of index weight addition every month, reaching the maximum weight of 10% in the index by Mar 2025.

The GBI-EM Index is widely followed with ~USD 236 billion of fixed income assets benchmarked to it. Thus, inclusion into this index would attract USD 25-40 billion of foreign portfolio flows into Indian government bonds over the next 12-18 months. Inclusion in the GBI-EM index also increases the chances of India’s inclusion in Bloomberg Global Aggregate Index which could attract another USD 10-20 bn of inflows.

Demand Supply Dynamic turned Favorable

Index Inclusion would completely change in the demand supply dynamics in the Indian bond market. Although ETF and Index related inflows will start from June 2024, active investors will likely front run the passive flows. FPI’s own less than 2% of total outstanding Indian bonds. This exposure could move higher to 3.5%-4% by the end of FY25.

The central government has front loaded the supply of G-sec in the first half of the year and the gross and net borrowing in the H2 FY24 will be Rs. 6.6 trillion and Rs. 3.8 trillion respectively in the H2 FY24. To recall, the net Gsec supply was Rs. 5.5 trillion in the H2FY23. The combined demand of Banks, insurance, pensions, provident funds and FPIs to be higher than total supply in the next six months. FPI demand will also be favorable for the bond demand supply balance in FY25.

Outlook

Despite the expected positive impact of the index inclusion, Indian bond yields have moved higher after the actual announcement. The negative impact was mainly coming from the elevated crude oil prices and rising US treasury yields. At the time of writing this report, the 10 year US treasury yield is holding around 4.5%.

Indian bonds will continue to take cues from US treasury yields. However, we expect the correlation between the two to remain low. In the current month, the 10 year UST has moved up almost 40 basis points, while the Indian 10 year bond yield has moved up only 3 basis points. Similarly over the last three months, the 10 year UST has risen by 68 basis points, while the 10 year Indian bond has moved up by only 9 basis points.

We maintain our constructive outlook on long duration bonds based on following:

  • The rate hiking cycle in India and most of the other major economies are now behind us.
  • Despite near term food price shock, the CPI inflation at broader level is showing softening inflation momentum. We expect the headline CPI inflation to decline sharply from current 6.8% reading to below 5% by Q1FY25.
  • The 10-year government bond is currently trading at over 65 basis points above the policy repo rate. Given the policy repo rate is near cycle peak, this spread looks significantly higher than its historical average during peak rate environment.
  • Demand Supply dynamic looks favorable supported by low net supply and expected increase in foreign demand.

Portfolio positioning

With the index inclusion news out, we increased the portfolio duration in the Quantum Dynamic Bond Fund portfolio by switching from 4-5 year bonds to 10-14 year maturity bonds. Currently, the bulk of the QDBF portfolio is positioned in the 5-10 years maturity government bonds.

In the Quantum Dynamic Bond Fund we do not take any exposure in private sector companies and invest only in government securities, treasury bills and highest quality instruments issued by public sector undertakings (PSU) which are shortlisted under our proprietary credit research and review process. However the fund does take interest rate risk depending on our assessment of the market outlook.

In the Quantum Liquid Fund we prefer the 3 month treasury bills and AAA PSUs over shorter maturity money market instruments. The money market is already pricing for the liquidity condition to tighten. Thus, we do not expect any material jump in short term rates in near term.

In Quantum Liquid Fund we do not take any exposure in private sector companies and invest only in government securities, treasury bills and highest quality instruments issued by public sector undertakings (PSU) which are shortlisted under our proprietary credit research and review process.

Please click on the link to access the weekly portfolio disclosures of Quantum Liquid Fund and Quantum Dynamic Bond Fund.

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Disclaimer: The views expressed here in this Article / Video are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. Quantum AMC / Quantum Mutual Fund is not guaranteeing / offering / communicating any indicative yield on investments made in the scheme(s). The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. The Article / Video has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and views given are fair and reasonable as on date. Readers of the Article / Video should rely on information/data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. None of the Quantum Advisors, Quantum AMC, Quantum Trustee or Quantum Mutual Fund, their Affiliates or Representative shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary losses or damages including lost profits arising in any way on account of any action taken basis the data / information / views provided in the Article / video.

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टीसीआई ग्रुप ने संस्थापक श्री प्रभु दयाल अग्रवाल (श्री पीडी जी) की पुण्य स्मृति में अखिल-भारतीय रक्तदान अभियान चलाया


गुड़गाँव, हरियाणा,भारत

TCI ग्रुप ने अपने संस्‍थापक अध्‍यक्ष श्री प्रभु दयाल अग्रवाल (पीडी) जी को श्रद्धांजलि अर्पित करते हुए राष्‍ट्रव्‍यापी रक्‍तदान शिविरों की वार्षिक परंपरा को जारी रखा।

भारतीय परिवहन के अग्रणी के रूप में विख्‍यात श्री प्रभु दयाल जी ने रसदस्‍वास्‍थ्‍यशिक्षा और महिला सशक्तिकरण में अमिट छाप छोड़ी है एवं भारत में निजी रक्‍त बैंकों का नेतृत्‍व किया।

टीसीआई के रक्तदान अभियान 2023 की झलकियाँ

इस चिरस्‍थायी विरासत को श्रद्धांजलि देने के लिये TCI समूह ने भारत भर में 40 स्‍थानों पर 11 से 16 सितंबर तक छ: दिवसीय रक्‍तदान अभियान चलायाजिसमें अहमदाबादगुरुग्रामजयपुरमुंबईभिवानीपुणेकोल्‍हापुरपटनाचंडीगढ़हिसारवाराणसी, हरिद्वार और नेलमंगला शामिल हैं। इस उल्‍लेखनीय पहल में 1500 से अधिक कर्मचारियों एवं बाह्य सहयोगियों की सक्रिय भागीदारी देखी गई। जिसमें पुरुष और महिलाएंदोनों शामिल थे।

टीसीआई के रक्तदान अभियान 2023 की झलकियाँ

श्री पी डी जी के उत्‍तरदान (विरासत) इन रक्‍तदान शिविरों जैसी पहलों के माध्‍यम से जीवंत हैंजो मानवता के प्रति उनकी प्रतिबद्धता को दर्शाती हैं एवं जरूरतमंदों को आशा प्रदान करती हैं।

TCI समूह का अखिल भारतीय रक्‍तदान अभियान श्री प्रभुदयाल जी की करूणासेवा और सामुदायिक मूल्‍यों को कायम रखने वाली विरासत के स्‍थायी प्रभाव को प्रतिबिंबित करता है।

इस प्रकार के प्रयासों के माध्यम से TCI ग्रुप उनकी स्मृति का सम्मान करता है और उनके उदार दृष्टिकोण को आगे बढ़ाता है।

Unveiling the Spectacular Gold and Swarovski Crystal Stones Of Lord Ganesh Murti by Navrathan Jewellers

Navrathan Jewellers presents Lord Ganesh’s Murti made from gold and Swarovski Crystal Stones is a magnificent work of spiritual artistry, this glorious depiction of Lord Ganesh was created with remarkable precision and serves as a symbol of devotion and luxury, capturing spirituality and opulence in a single work of art.
Lord Ganesh’s Murti made from gold and Swarovski Crystal Stones is a testament to Navrathan Jewellers dedication to perfection. This awe-inspiring creation is a blend of traditional craftsmanship and modern luxury, embodying the rich heritage and culture of India while incorporating the world's most precious gemstones.
Every detail of this masterpiece has been meticulously crafted by the talented craftsmen of Navrathan Jeweller, showcasing their exceptional skill and creativity. The Lord Ganesh’s Murti depicting intricate design reflects the essence of Hindu mythology, with the deity's iconic elephant head, multiple arms studded with exquisite jewellery.
The creator of this extraordinary work expresses Navrathan Jewellers passion and commitment to the project by crafting The Ganesh Murti made of gold and Swarovski Crystal Stones which has been a labor of love and devotion. That brings together two worlds, the spiritual and the luxurious, to create a unique masterpiece that resonates with people from all walks of life.
This Navrathan Jewellers one-of-a-kind murti is a testament to the enduring connection between art, spirituality, and opulence. Whether displayed in a private collection, a temple, or as a symbol of prosperity in a home, the Murti created with gold and Swarovski Crystal Stones is set to captivate hearts and minds around the world.

Zee Anmol Cinema is bringing to TV screens for the first time Mahakavi Kalidasa’s grand creation ‘Shakuntala’, starring Samantha Ruth Prabhu

 

~ Watch Shakuntala on television for the first time ever on Sunday, 1st October at 7pm only on Zee Anmol Cinema ~

Zee Anmol Cinema, with their brand promise, ‘Aapki Family Ka Cinema Hall’, has, continually, delivered top-notch entertainment that resonates with audiences across the country. Their vast content library, diversity and family friendly approach make the channel a go-to destination for those seeking quality entertainment from the comfort of their homes. Staying true to their brand proposition, the channel is, for the first time ever, bringing the magic of love from the epic of Mahabharata with the visually stunning and captivating adaptation based on Kalidasa’s Rachna – Shakuntala  on Sunday, 1st October at 7pm. Starring the ever-gorgeous Samantha Ruth Prabhu along with Dev Mohan, the film unfolds the story of Shakuntala and Dushyant against a backdrop of divine enchantment, human emotions, and destiny's intricate design.

Dushyant and Shakuntala’s love story is one that has enthralled audiences for centuries. Shakuntala  transports viewers to this cherished era with its stunning visual presentation. The intricately designed sets, costumes, and breathtaking cinematography create a world that is both immersive and enchanting.

At its heart, it is a story that resonates with the human experience. Shakuntala and King Dushyant marry, but Dushyant forgets all about Shakuntala due to a sage's curse. It follows the journey of a woman who must navigate the intricate web of emotions, pain, and resilience to reunite with her love.

~ Watch Shakuntala on television for the first time ever on Sunday, 1st October at 7pm only on Zee Anmol Cinema, followed by a showcase on Sunday, October 15th, at 8 PM on Zee 

South cities contribute almost 60% of the 38 msf office demand in YTD 2023


  • YTD 2023 witnessed 38 mn sq ft of gross absorption, almost at par with 2022 levels 
  • Bengaluru and Delhi NCR drove demand with about 50% share in gross leasing 
  • Demand more broad-based across sectors - Technology sector dominant at 25% share, Flex, Engg & Manufacturing, BFSI share at 15-20% each 
  • Domestic players driving office demand amidst global economic volatility 
  • Vacancy and rentals remained rangebound led by steady supply and demand 

Gurgaon, India, 29 September 2023: The first three quarters of 2023 recorded 38 mn sq ft of gross absorption across top 6 cities, almost equivalent to the gross absorption of corresponding period in 2022; signaling sturdy momentum, despite ongoing global volatility. Bengaluru and Delhi NCR led the demand during Q1-Q3 2023, accounting for about half of the total demand of office space in India. The third quarter alone witnessed 13.2 mn sq ft of leasing activity across the top six cities, slightly higher than the average 12.6 mn sq ft quarterly demand since 2022. 

Trends in Grade A gross absorption (in million sq feet) 

  

Q3 2022 

Q3 2023 

Q3 2023
(YoY  change) 

YTD 2022 

YTD 2023 

YTD 2023  

(YoY change) 

Bengaluru 

                     4.4  

                                                    3.4 

-21% 

                              12.8 

                                     10.1 

-21.3% 

Chennai 

                     1.0  

                                                    1.4  

41% 

                                3.6  

                                     6.3 

75.7% 

Delhi-NCR 

                     4.3  

                                                    3.2  

-25% 

                                8.9  

                                     8.5  

-4.7% 

Hyderabad 

                     1.0  

                                                    2.5  

138% 

                                4.8  

                                     5.2  

9.8% 

Mumbai 

                     1.6  

                                                    1.7  

4% 

                                5.6  

                                     4.4  

-23.3% 

Pune 

0.6  

                                                    1.0  

59% 

                                4.1  

                                     3.6  

-13.1% 

 Pan India 

12.9  

                                                  13.2  

2% 

                              39.8  

                                  38.0 

-4.5% 

Source: Colliers 

Note- YTD: 1st January to 30th September of the year 

Gross absorption: does not include lease renewals, pre-commitments and deals where only a letter of Intent has been signed. 

Top 6 cities include Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune 

Demand is more diversified; Flex, Engineering & Manufacturing and BFSI sector contribute significantly towards space take-up 

2023 has been characterized by demand diversification. Although technology sector continues to drive the demand with a 25% share in YTD leasing, demand is now more broad-based spanning across sectors. The shares of flex spaces, Engineering & Manufacturing and BFSI sectors have seen significant sectoral gains by up to 6 percentage points (pp) each.  Flex spaces, especially, continue to perform well in 2023, as occupiers continued to prefer dynamic working arrangements for their portfolios. Overall, Bengaluru and Delhi NCR were the most preferred locations for flex players for their expansion. 

“Contrary to earlier belief, India office demand for the first three quarters of 2023, has followed an overall trajectory almost similar to 2022. With strong domestic macro-economic indicators backing the demand of office space, the momentum is likely to continue in the last quarter of the year. It would be interesting to see if 2023 could breach the historic high leasing activity of 2022.” says Peush Jain, Managing Director, Office services, India, Colliers. 

“Driven by tech-based occupiers, the southern office markets of Bengaluru, Hyderabad and Chennai continue to witness heightened leasing activity. The three cities accounted for bulk of the demand, with about 57% share in the first three quarters of 2023. While Chennai’s Q3 demand rationalized, Hyderabad witnessed a strong 64% QoQ growth in gross leasing. Although, Bengaluru will continue to dominate India leasing activity in 2023, Chennai and Hyderabad are likely to see greater demand acceleration in the last quarter of the year.” says Arpit Mehrotra, Managing Director, Office services, South & Head of Flex, Colliers India. 

Amidst global uncertainties, domestic occupiers driving the office market activity in YTD 2023 

While foreign origin companies have been driving the office space demand pre-pandemic, domestic occupiers have become active influencers in India’s office market 2022 onwards.  Despite the global economic volatility, domestic occupiers accounted for almost half of the office space take-up in 2023.  While tech occupiers both domestic and foreign, prolonged their real estate portfolio level decisions, domestic companies especially from the Engineering & Manufacturing, BFSI, Pharma & Healthcare and flex spaces stepped up and took up incremental office space across the top 6 cities of India. 

Vacancy levels remained rangebound led by nearly steady new supply and demand 

During YTD 2023, new supply across the top six cities dipped 1% YoY. Around 33 mn sq ft. of developments were completed in first three quarters of 2023.  Hyderabad witnessed significant new completions, contributing to 37% of the total new supply, closely followed by Bengaluru with 33% share. The first three quarters of 2023 has seen an average of 10.9 mn sq ft of new deliveries, at par with the 10.7 mn sq ft quarterly average of 2022. Led by nearly steady demand and supply influx, overall vacancy and rentals remained rangebound. 

Trends in Grade A new supply (in million sq feet) 

City 

Q3 2022 

Q3 2023 

Q3 2023
(YoY change) 

YTD 2022 

YTD 2023 

YTD
(YoY change) 

Bengaluru 

2.3 

                                                    2.9  

23% 

                                              8.1  

                                    10.7  

32.0% 

Chennai 

                                                    0.2  

100% 

                                              4.2  

                                      3.4  

-19.6% 

Delhi-NCR 

3.9 

                                                      -    

-100% 

                                              6.5  

                                      3.3  

-47.8% 

Hyderabad 

1.5 

                                                    6.7  

347% 

                                              7.9  

                                    12.1  

52.9% 

Mumbai 

0.7 

                                                    0.3  

-58% 

                                              1.8  

                                      0.9  

-52.0% 

Pune 

0.8 

                                                    0.7  

-6% 

                                              4.5  

                                      2.3  

-49.6% 

Pan India 

9.2 

                                                  10.8  

17% 

                                            33.0  

                                    32.7  

-1.0% 

Source: Colliers 

Top 6 cities include Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune 

“Despite externalities, fundamentals of India office market remain strong, and 2023 activity has been at par with 2022. While there is a healthy supply pipeline for the next few years, developers have been cautious of infusing supply in tandem with market demand dynamics. Vacancy levels since 2022 have been in the range of 15-20% across most cities, signaling stability in occupancy levels. Return to office mandates, despite increased preference for hybrid working augurs well for the near-term office space demand. Consequentially, rentals are likely to remain firm across key micro markets.” says Vimal Nadar, Senior Director and Head of Research, Colliers India.