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Tech firms fuel big-ticket office leasing deals

Absorb 70% of space in major cities during January-March 2016

Raghavendra Kamath  |  Mumbai 

Technology companies are taking up large office space on lease, on the back of rising outsourcing and domestic growth. Out of nine million square feet absorbed across nine major cities in the first three months of 2016 (calendar year), about 70 per cent has been taken by technology companies, according to real estate consultancy Colliers International. Bengaluru has remained the top contributor to the demand with 33 per cent share, followed by the National Capital Region (Delhi, Gurgaon and Noida), Hyderabad, Pune and Mumbai. In Bengaluru, 88 per cent of office leasing was done ...

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First Published: Thu, April 21 2016. 00:26 IST
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