Outlook 2023 India

NEW SUPPLY (MSF) KOLKATA

NEW SUPPLY

2.5

 After a period of no significant new supply, Kolkata is expected to witness new completions of around 1.85 msf in 2023.  The under-construction projects are located across the Salt Lake Sector V, Rajarhat and Park Circus Connector submarkets. A large project at Salt Lake Sector V has secured pre-commitment from a major IT-BPM occupier.  Over 2 msf of new supply is expected in 2025 including expansion of a Brookfield India REIT-owned property.

FORECAST

2.0

1.5

1.0

0.5

0.0

2020

2021

2022F

2023F

2024F

2025F

2026F

Source: Cushman & Wakefield