Information technology (IT) and IT-enabled services (ITES) multinational companies (MNCs) willing to set up operations in India are seen to prefer leasing built-up space rather than build or own properties.
Pressure on curtailing cost and time, and the operational flexibility which the leasing route offers are being touted as reasons for this trend by leading international property consultants.
Sanjay Verma, executive director, Cushman and Wakefield India Pvt Ltd, said:
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