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Today, ready commercial office buildings are available at replacement cost which surely indicates market trough. With every passing qtr we shall witness new demand working its way through current levels of excess supply. Select locations and projects have seen capital appreciation of ~15-25% in the last 4-6 quarters hinting towards returning strength in the market. Anuj believes Bangalore will continue to contribute the lion’s share of 45-50% of total IT leasing (~18-20mn sqft) in India
