The office market in India is typically driven by cities like Bangalore and Delhi-NCR, forming 59% of the office demand in the last four years, said Colliers. Some large deals closed in the first quarter of 2024 included Tablespace, Samsung, ANSR, and TATA Agratas, leasing large floor spaces upward of 1.5 lakh sq ft across Hyderabad d and Bangalore.
The firm says GCCs - technology and shared services arms of MNCs - have become a significant part of commercial real estate since the pandemic. In the decade prior to that, IT firms dominated.
Get latest articles and stories on Business at LatestLY. The demand for office spaces during the first quarter of 2024 has been strong, registering total leasing of 13.6 million square feet across the top six cities. It is a remarkable 35 per cent increase compared to the same period last year, according to professional services and investment management company Colliers. Business News | Office Space Leasing in India off to a Strong Start in Q1-2024.
India Business News: NEW DELHI: Office space demand across six major cities continues to be strong, with gross leasing of workspaces set to rise 35 per cent annually in th.
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