Telangana Hyderabad contributes 15% to India’s green office stock, CBRE report shows
In hyderabad, the stock of green-compliant offices has nearly quadrupled over the previous four years. The green-compliant office stock in india increased from 25.9 million square feet in 2019 to 51.9 million square feet by june 2023, according to the report "Indian Real Estate: Taking Giant Strides - 2023 Mid-Year Outlook," which was presented by CBRE South Asia Pvt. Ltd. at the CII Realty 2023 conference.
Overall, the stock of green-compliant offices has increased across the nation. According to the CBRE-CII Report, the portfolio of green-compliant office buildings in india has expanded by over 36% since 2019 to a total of 342 million sqft. As of june 2023, Bangalore, Delhi-NCR, and mumbai were the top three cities, accounting for 68% of the green office stock.
The report's rising focus on sustainability in the indian real estate market is one of its main features. Approximately 342 million square feet of office space in india are green-certified as of june 2023, with hyderabad accounting for 15% of this total. The research also mentioned that leasing activity for real estate assets remained stable in 2023's first half and is anticipated to increase in the second. Retail leasing increased, while the industrial and logistics sectors both saw significant increases. Residential sales surpassed forecasts, and future investment activity is predicted to increase.
Overall, the stock of green-compliant offices has increased across the nation. According to the CBRE-CII Report, the portfolio of green-compliant office buildings in india has expanded by over 36% since 2019 to a total of 342 million sqft. As of june 2023, Bangalore, Delhi-NCR, and mumbai were the top three cities, accounting for 68% of the green office stock.
The report's rising focus on sustainability in the indian real estate market is one of its main features. Approximately 342 million square feet of office space in india are green-certified as of june 2023, with hyderabad accounting for 15% of this total. The research also mentioned that leasing activity for real estate assets remained stable in 2023's first half and is anticipated to increase in the second. Retail leasing increased, while the industrial and logistics sectors both saw significant increases. Residential sales surpassed forecasts, and future investment activity is predicted to increase.