Office leasing records 16.7 mn sq ft in Q1 2024, witnessing a 20% growth y-o-y Hindustan Times
Despite global uncertainties stemming from uneven economic scenarios and geopolitical tensions, the first quarter of 2024 witnessed office leasing activity of 16.7 mn sq. ft in India, a 20% increase year-on-year even as office space absorption across India’s six major cities is likely to register around 61 mn sq ft in 2024, according to international real estate advisory firm Savills India. Bengaluru continued to contribute the highest to overall leasing in the country with a share of 27%, followed by Hyderabad, and Mumbai at 20% and 19%, respectively in Q1 2024
