Net office leasing in top 6 cities likely to sustain at record levels: ICRA
PTI
Last Updated:
New Delhi, Aug 7 (PTI) Rating agency ICRA on Thursday said net leasing of office space in the top six cities rose 14 per cent to 65 million sq ft last fiscal and the demand is likely to sustain during 2025-26.
In a statement on Thursday, ICRA said it expects the net absorption or leasing of office space in 2025-26 across the top six cities (Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR) and Pune) to sustain at all-time high levels witnessed in the preceding year.
The demand is driven by Global Capability Centres (GCCs), Banking, Financial Services and Insurance (BFSI) institutions, flex-space operators, and domestic Information Technology-Business Process Outsourcing (IT-BPM) firms.
Quoting data of PropEquity, ICRA said that the net absorption stood at a record 65 million square feet in 2024-25 (14 per cent YoY growth) across India's top six cities.
view comments
First Published:
August 07, 2025, 17:45 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
India-China flights: IndiGo ready to resume service to Beijing, says CEO Pieter Elbers; airline awaits 'bilateral arrangements'
IndiGo CEO Pieter Elbers (Image credits: ANI) NEW DELHI: IndiGo has said it is ready to resume direct flights between India and China, as both countries move closer to finalizing bilateral arrangements, CEO Pieter Elbers said on Wednesday. "The airline stands ready to resume these services as soon as bilateral arrangements between the two countries allow," Elbers said, as quoted by PTI, adding that IndiGo, guided by its entrepreneurial spirit, remains committed to identifying and pursuing commercially viable opportunities. Before the coronavirus pandemic, IndiGo operated daily flights from Delhi to Chengdu until February 6, 2020, and from Kolkata to Guangzhou until February 1, 2020. Both Indian and Chinese carriers had offered direct services between the two nations. The flights were suspended following the outbreak of COVID-19 and remained halted due to tensions along the eastern Ladakh border. Air India 's direct flights from Delhi to Shanghai were also suspended in early 2020. Sources said on Tuesday that India and China are in an "advanced stage" of negotiations to resume direct flights soon, reported PTI. Earlier this year, on January 27, the two countries had agreed in principle to restart direct air services as part of efforts to "stabilise and rebuild" bilateral ties.
News18
2 hours ago
- News18
IndiGo stands ready to resume flights to China: CEO Pieter Elbers
Agency: New Delhi, Aug 13 (PTI) IndiGo CEO Pieter Elbers on Wednesday said the airline stands ready to resume direct flights between India and China. On Tuesday, people familiar with the matter said India and China are in an 'advanced stage" of negotiations to resume direct flights between the two countries soon. Elbers said IndiGo operated daily flights between India and China prior to the coronavirus pandemic. 'The airline stands ready to resume these services as soon as bilateral arrangements between the two countries allow," he said in a statement on Wednesday. Elbers also said that guided by its entrepreneurial spirit, the airline remains committed to identifying and pursuing commercially viable opportunities. IndiGo was operating daily flights from Delhi to Chengdu till February 6, 2020, and from Kolkata to Guangzhou till February 1, 2020. Direct flights were operational between the two countries till early 2020 before getting suspended due to the coronavirus pandemic. Both Indian and Chinese carriers had direct services. The services remained suspended in view of the eastern Ladakh border row. Air India also had flights from Delhi to Shanghai, and those were also suspended in early 2020. On January 27 this year, India and China in principle agreed to resume direct air services between the two countries as part of certain people-centric steps to 'stabilise and rebuild" the bilateral ties. PTI RAM NSD NSD (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Print
2 hours ago
- The Print
Govt focusing on 50 countries to boost exports
The official said that the commerce ministry is working on four pillars including export diversification, import substitution, and export competitiveness 'Detailed analysis is underway on these pillars. The ministry is working product by product,' the official said. These 50 countries account for about 90 per cent of India's exports. New Delhi, Aug 11 (PTI) The government is working on measures to boost India's exports, including targeting 50 countries in regions such as the Middle East and Africa, amid the heavy tariffs imposed by the US on Indian goods, an official said on Monday. The commerce ministry was already focusing on 20 countries and now 30 more have now been included in the strategy. India's exports remained flat at USD 35.14 billion in June due to global economic uncertainties, while the trade deficit narrowed to a four-month low of USD 18.78 billion during the month. During April-June 2025-26, exports increased 1.92 per cent to USD 112.17 billion, while imports rose 4.24 per cent to USD 179.44 billion. PTI RR HVA HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
