 "Representative image for IT office")
Despite global headwinds being experienced by the Indian outsourcing industry, the information technology (IT) space absorption has grown by 10 per cent at 16.81 million square feet (sq ft) area in 2016. More than 50 per cent of this pan-India IT space take up was recorded by Bengaluru and Hyderabad together, according to real estate consulting firm JLL.
Office space demand from them increased from 1.4 million sq ft in 2001 to 15.2 million sq ft in 2015.
"Indian cities are heavily dependent on IT/ITeS (IT enabled services) for job generation and office space demand. Last year, the pace of
