Despite uncertainties, office leasing by IT firms rises in tech hubs

Even in financial hub Mumbai, the share of the IT segment has risen from 46.4 per cent to 50 per cent, Propstack said

Office leasing by information technology (IT) companies rose in tech hubs, such as Bengaluru and Noida, last year, despite uncertainty in the political and business environment in the US and Europe, the main offshore markets for such firms.

The share of the IT segment in the office-leasing space in Bengaluru has gone up from 70 per cent in 2016 to 77.32 per cent in 2017, according to property data analytics firm Propstack. In Noida, the share of the IT segment has shot up from 59 per cent in 2016 to 64.17 per cent in 2017.

Even in financial hub Mumbai,