Office fitout costs across India’s key cities up 4.5% on year in 202324: JLL

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FAQ: Office Fit-out Costs in India 2023-24

Frequently Asked Questions (FAQs) - Office Fit-out Costs in India 2023-24

Q1: What was the percentage increase in office fit-out costs across India's key cities in 2023-24?

A1: According to a report by JLL cited by The Economic Times, office fit-out costs across India’s key cities have increased by 4.5% on year in 2023-24.

Q2: Which city is the most expensive for office fit-outs in India?

A2: Mumbai continues to be the most expensive city in India for office fit-outs, as per the data from JLL reported by The Economic Times.

Q3: Where can I find updates and news about market trends in office fit-out costs in India?

A3: Updates and news about market trends in office fit-out costs can be found on The Economic Times News App, which provides daily market updates and live business news.

Q4: Who reported the increase in office fit-out costs in India's key cities?

A4: The increase in office fit-out costs was reported by JLL, which is a professional services firm specializing in real estate and investment management.

Q5: How significant is the increase in office fit-out costs, and what might it indicate about the real estate market?

A5: A 4.5% yearly increase in office fit-out costs is relatively significant as it may indicate an overall rise in real estate prices, reflecting changes in supply and demand dynamics, materials costs, or other economic factors in India's property market.