Mumbai, June 28 (IANS). Tech sector contributed to about 31 percent of the total leasing in the first quarter of 2025 in the top seven cities of India. This information was given in a report on Saturday.
According to a report by JLL, after some time fall during the epidemic, the tech sector leasing has a strong bounce and it has increased to 26 percent in 2024. In addition, it has reached 30 percent in total office leasing in the first quarter (January-March) of 2025.
The report said that the technology sector continues to be the mainstay of the office demand, resulting in 130.8 million square feet of gross leasing from 2017 to 2025.
JLL chief economist Samantak Das said, “The story of India’s office market is related to the development of our technical field. Although the overall area remains an anchor, the GCC segment is now on the driver seat.”
India’s Global A capacity Center (GCC) is rapidly moving towards becoming a hub for innovation, research and development and global business change from the Basic Cost-Arbitration Center. This development appears in India’s service export trends, where the ratio of commercial services has increased from 19 percent to 26 percent in 2023-24 in 2017-18.
Technical businessmen, especially GCC, focus on achieving grade A office space in markets with skilled professionals.
Bangalore and Hyderabad have a joint stake in GCC leasing 64 percent. In addition, the rise of emerging markets like Ahmedabad, Kochi, Coimbatore, Indore and Jaipur presents the next limit of development.
Foreign tech businessmen show a clear priority for Delhi NCR, taking advantage of the core tech talent, strong infrastructure and proximity to major customers.
Domestic tech firms maintain a more distributed appearance. Delhi NCR, Bengaluru, Chennai and Hyderabad remain important centers, underlining their balanced approach to reach the divers talent corridor. This allows them to support large-scale operations and use different skill sets without more dependence on the same, highly competitive talent pool.
-IANS
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