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Office leasing by information technology companies rising in tech hubs

The share of IT firms in office leasing in Noida has shot up from 59 per cent in 2016 to 64.17 per cent in 2017

IL&FS, Infrastructure Leasing and Financial Services, Mumbai
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A logo of IL&FS (Infrastructure Leasing and Financial Services) is seen on a building at its headquarters in Mumbai. Photo: Reuters

Raghavendra Kamath Mumbai

The share of information technology or IT companies in office leasing has risen in tech hubs such as Bengaluru, Gurgaon among others.

The share of IT firms in office leasing 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.

The share of IT firms in office leasing in Noida has shot up from 59 per cent in 2016 to 64.17 per cent in 2017.