The image shows a bar chart titled "India Office Net Absorption (Million SFT)" with data from 2021 to 2024, sourced from JLL Real Estate Intelligence Service. Here's a detailed analysis: 📊 Net Absorption Figures (in Million Square Feet) 📈 Key Insights 1. Steady Growth Trend: Net absorption has increased every year, showing strong and consistent demand for office space in India. 2. Percentage Growth Year-on-Year: 2021 → 2022: 44% increase (from 25 to 36 million SFT) 2022 → 2023: 19.4% increase (from 36 to 43 million SFT) 2023 → 2024: 16.3% increase (from 43 to 50 million SFT) Although growth continues, the rate of increase is decelerating, indicating a maturing or stabilizing market. 3. Post-Pandemic Recovery: 2021 likely reflects pandemic-related disruption; the rebound in 2022 and beyond suggests renewed confidence in commercial real estate and return-to-office trends. 4. Market Outlook: The 2024 figure (50 million SFT) is the highest in this series, indicating strong investor and occupier confidence, possibly driven by IT/ITeS, BFSI, and co-working space expansions. 🏢 Implications for Stakeholders Developers: Opportunity to launch or fast-track commercial projects in key urban hubs. Investors: Attractive time to invest in REITs or office space portfolios due to healthy absorption trends. Occupiers: Indicates increasing competition for high-quality office space; consider locking leases early. Policy Makers: Need to support infrastructure and transport to accommodate commercial growth