Positive growth in the real estate sector returned in Q4 2014, with take-up in Grade-A office space bouncing back to 2011 levels of ~35 million sq ft after two flat years of no growth. Occupiers are more optimistic in the economic outlook, aided by the favourable policy environment being created by the new government. With record low inflation and falling crude prices, the overall sentiment is positive for the New Year - 2015. Developers are revitalising projects that were stalled because of the slowdown, while others are announcing new projects.
Source : DTZ