Office market touches 34.7 mn sq ft transactions in H1 2024; may double by year end on the back of demand from IT firms Hindustan Times
Office space market across the top eight cities in India recorded its highest ever transaction volume in a half yearly period at 34.7 million square feet (mn sq ft) in H1 2024. The transactions recorded a YoY growth of 33% in H1 2024 from 26.1 mn sq ft in H1 2023. This is expected to touch more than 70 mn sq ft by the end of the year on the back of renewed demand for office space from IT and ITeS companies in the next few months, Knight Frank India said in its report released on July 4.
