It is estimated that in 2011, the service sector accounted for about 70% of the demand for commercial office space in the seven major Indian cities – Mumbai, NCR-Delhi, Bangalore, Chennai, Hyderabad, Pune and Kolkata – with the remaining 30% coming from manufacturing and other industries.
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Realty Check For India’s Retail Real Estate Sector
So far, 2012 has been a challenging year for most of the key sectors of the Indian economy – the retail real estate sector has not been an exception. The demand in terms of net absorption has remained subdued in 1H12 amid careful expansion by retailers.
