Savills India - Market office watch 2022


India Market Snapshot | Q1 2024

India Market Snapshot | Q1 2024

Our latest report, India Market Snapshot | Q1 2024, provides a quick look at the key trends and developments across 6 of India’s major office markets in the quarter gone by.  

Keyword highlights:

- India witnessed the strongest leasing activity for Q1 in the last five years at 16.7 mn sq. ft., a 20% YOY rise.

- Bengaluru continued to contribute the highest to overall leasing with a share of 27%, followed by Hyderabad and Mumbai at 20% and 19%.

- The tech sector led leasing activity with a 26% share in overall absorption, followed by engineering & manufacturing at 18% and BFSI at 15%.

- Large deals (100,000 sq. ft. or more) dominated gross leasing activity and contributed 46% to overall transactions.

Our report has all the details. Download it today!


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