Occupancy level of office spaces in Delhi and the National Capital Regionhas increased during April-June quarter on the back of renewed demand from corporates, who had put their expansion plans on hold during recession.

According to a report by Indian real estate consultant CB Richard Ellis (CBRE), the vacancy levels in the central business districts of Connaught Place fell to 3-4 per cent in April-June from the previous quarter, showing a better occupancy in office spaces.

The vacancy level in NCR property during first three months of this year stood at 13-14 per cent, it added.

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Tags: Indian Real Estate, NCR Commercial Property, NCR property

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