Until 2014, the supply of office real estate was greater than the demand (by 4 – 10 million sq ft). But later in 2014 developers started to be very optimistic in improving their economic activities.

[b]Multinationals getting back to India: [/b]
The multinationals which were uncertain to raid on to the Indian market because of the lifeless political environment, are now wiping out such plans and are driving in to India again. According to the recent reports of recruitment agencies, there are many more jobs to be created in the year 2015 in the field of ITes and manufacturing services. This automatically increases the demand for office spaces.

[b]Recovery from the after effects of financial crisis:[/b]
Earlier in 2014, the real estate prices failed to get back from the effects of financial crisis. But later on, it started up with the gradual turn around. This can be thought as a fact where actually the commercial real estate developers started to reduce the supply of office spaces for new level occupier. This brought down the vacancy rate from 18.5% to 17%. So it’s sure that, in 2015 as far as Indian metropolitan cities are concerned the demand for [url=http://furnishedofficebangalore.com]office space for rent in Bangalore[/url], Chennai and Kolkata will increase and would cross the range which was seen in 2014.

[b]Price fall has not affected the real estate sector:[/b]
As Indian rupee is getting below INR 62/USD and the GDP growth is more likely to strengthen, the risk of a sharp uptick in the demand cannot be ruled out. Though the real estate sectors haven’t recovered yet from the price fall, there is a wide room for the upside which brings out a positive change in the business sentiment.

The improvement is already seen and is reflecting with the office market leases. So the year 2015 will definitely be a fruitful year for real estate sector
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