Office space absorption may touch record 42 million sqft this year: Report

At the same time, going by the new launches during H1 2019, which stood at 24.3 million sqft as against 21 million sqft in H1 2018

Office space absorption is likely to record a new high of nearly 42 million sqft by the end of 2019 mainly on the back of steady economic growth, a favourable policy environment and growing preference of global occupiers for Indian offices, a report said.

According to a study by property consultant JLL India, the office space absorption across seven cities including Delhi NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata grew 21 per cent during H1 2019 to 21.8 million as compared to 18.1 million sqft in corresponding period last year.

At the same time, going by the new launches