Bengaluru tops office leasing in H1 2021: Savills India
The Hindu
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Bengaluru continued to lead office space leasing among top six cities in India, recording absorption of 4.1 million sq.ft. in the first half of 2021 and accounting for approximately 37% of the overall leasing activity in the country, which stood at 10.9 mn sq.ft., said realty advisory firm Savills India. Bengaluru was followed by Delhi NCR, which witnessed leasing activity of 2.0 mn sq.ft. recording a 37% YOY decline. Mumbai and Hyderabad shared third place with approximately 1.4 mn sq.ft. absorption, but the annual decline in leasing was sharper for Hyderabad at 46% compared to 39% for Mumbai.
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