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Q4 leads office, home space revival with 8 Indian cities: Knight Frank India ANI | Updated: Jan 06, 2021 14:36 IST
Mumbai (Maharashtra) [India], Jan 6 (ANI): The office market in top eight cities recorded transactions of 22.2 million square feet in July to December 2020 period, Knight Frank India said on Wednesday.
New completions were recorded at 17.2 million square feet in the same period, it said.
The global property consultancy said the year began on a high note with office leasing achieving 96 per cent of the quarterly average of 2019 in Q1 2020.
However, the government-imposed lockdown to combat the fury of Covid-19 pandemic led to temporary economic inactivity and translated into a sharp fall in office leasing activities in Q2.