Tech continues to lead; diversification shapes demand in real estate sector Business Standard
Despite macroeconomic challenges and short-term disruptions, office leasing in India has remained resilient with 42.2 million sq ft of space being leased between January and September this year, according to the 2023 Real Estate Overview and Outlook released by CBRE Group, a commercial real estate services and investment firm. Among this, the technology sector has remained strong and diversification of demand has been observed across banking, financial services and insurance (BSFI), flexible spaces, and engineering & manufacturing. This all signals a promising trajectory, potentially propelling gross leasing to breach the 50 million sq ft mark by the end of the ongoing calendar year.
