India's office market set for record boom, Bengaluru and Hyderabad lead

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India's office market set for record boom, Bengaluru and Hyderabad lead - Business Standard

Quick Summary:

The first half of 2024 recorded 41.9 msf of leasing, marking the highest leasing volume ever for the first half of any year.

This represents 56% of the total gross leasing volume (GLV) for 2023.

Around 120 new GCC centers were established in India during this period.: Bengaluru emerged as the leading city for GCCs, accounting for nearly half of all leasing activity by these centers.