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India office space sees turnaround

Low rents, weak currency are luring global companies
Thursday, June 19, 2014 - 06:00
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Concrete proof: India has been in the top five global office markets for at least the past seven years, with average annual net demand of more than 30 million square feet, Cushman & Wakefield said. - PHOTO: BLOOMBERG

[SINGAPORE] Blackstone Group, the world's largest property investor, is leading a wave of investors in Indian commercial property as rents at three-year lows and Asia's worst-performing currency lured global companies. "We are seeing rental growth in almost all markets," said Tuhin Parikh,