India Market Snapshot | Q3 2024
Our latest report, India Market Snapshot | Q3 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 a strong leasing activity in Q3 2024 at 72.3 mn sq. ft., a 16% YOY rise.
- Bengaluru continued to contribute the highest to overall leasing with a share of 31%, followed by Delhi-NCR and Mumbai at 20% and 16%.
- The IT-BPM sector led leasing activity with a 29% share in overall absorption, followed by the Flexible Workspace occupiers at 23% and BFSI at 22%.
- Large deals (100,000 sq. ft. or more) dominated gross leasing activity and contributed at least half of the overall transactions.
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