.2 min checked out Final Updated: Sep 25 2024|5:07 PM IST.Flexible office space drivers have obtained $820 thousand worth exclusive equity financing given that 2017 steered by climbing demand coming from corporates, depending on to Knight Frank.In its report launched on Wednesday, real property expert Knight Frank India mentioned the Exclusive Equity (PE) financial investments in India's flexible office space sector have actually fluctuated dramatically." From 2017 to 2018, assets grew steadily coming from $25 million to $49 thousand, rising dramatically to $113 thousand in 2019, steered by entrepreneurs like CLSA Funding and also Optimal XV Partners." Having said that, financial investments fell to $11 thousand in 2020 as well as $6 million in 2021 because of Covid-19, it added.." A comeback occurred in 2022, connecting with $595 million, supported by offers coming from Hillhouse Funds as well as Actis, however went down dramatically to $13 million. In 2024, one deal safeguarded $8 thousand," the expert stated.The report noted that flex-space operators have taken on lease a determined 52.9 million sq ft (msf) coming from 2017 to the very first fifty percent in 2024, along with a durable CAGR of 22 per-cent.Shishir Baijal, Chairman and also Dealing With Supervisor of Knight Frank India, said, "India's dynamic commercial real estate market, the sector's durability and forward momentum are irrefutable." Along with GDP growth forecasts for FY 2025 declaring India as the fastest-growing primary economic situation, the need for cutting-edge office is actually skyrocketing. Occupiers are actually today appearing past basic conveniences to concentrate on worker welfare, and also adaptable office space operators are actually well-positioned to comply with these developing needs," Baijal said.Through embracing ESG concepts and also sophisticated technology, he mentioned the flexible space field is actually not merely keeping up-- it's specifying the plan for the future of work environments.( Just the title and also image of this file might possess been actually reworked by the Business Criterion team the remainder of the web content is actually auto-generated coming from a syndicated feed.) 1st Published: Sep 25 2024|5:07 PM IST.