Delhi NCR Grade-A office occupancy seen crossing 81% by FY27 as leasing outpaces supply: ICRA
The market has witnessed a significant turnaround since March 2023, with occupancy increasing by 600 basis points to reach 78.6% by September 2025.
The market has witnessed a significant turnaround since March 2023, with occupancy increasing by 600 basis points to reach 78.6% by September 2025.
A material rise in the average selling prices (ASP) of residential units by more than 10% annually from FY2023 to FY2025 continues to pose a drag on affordability of buyers.
The launches are estimated to have sharply declined by 14-17% in FY2025 due to approval-related challenges, after reporting the highest ever at 701 msf in FY2024.