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Hans India
5 days ago
- Business
- Hans India
Technology sector anchors 40 pc office leasing in India: Report
The technology sector continues to anchor office space demand, sustaining its role as one of the dominant demand drivers across the top 7 Indian cities, a report said on Thursday. In the first half of 2025 (H1 2025), the sector accounted for more than 10 million sq ft of grade A space uptake across the top 7 cities, nearly 40 per cent of the overall conventional leasing, Colliers India said in its report. According to the report, the technology sector, in particular, remains the key driver of the large-sized transactions, indicating expansion and long-term space commitments amid evolving workplace strategies. During H1 2025, the sector accounted for 43 per cent of the leasing through large-sized deals within conventional spaces, distantly followed by Banking, Financial Services, and Insurance (BFSI) companies at 28 per cent. Continued momentum in large-sized deals, especially by leading technology companies, highlights their confidence in the local talent pool, infrastructure, long-term market potential and real estate, the report stated. Large-sized technology deals have picked up pace in recent years, with leasing volumes in conventional spaces increasing from 6.4 million sq feet in 2023 to 8.7 million sq feet in 2024. H1 2025 has already seen 6.2 million sq feet of technology leasing through large-sized deals, signalling sustained expansionary momentum in the sector. 'The technology sector continues to demonstrate remarkable resilience, even amid global uncertainties and workforce adjustments. Since 2020, tech occupiers have leased close to 85 million sq. ft. of conventional office space across the top seven cities and accounted for the bulk of the large-sized transactions," said Arpit Mehrotra, Managing Director, Office Services, Colliers India. With ongoing Global Capability Centres (GCC) expansions in the country, digital transformation spearheaded by AI adoption, large-sized deals are poised to remain the driving force of the Indian office market in the next few years, the report stated. In H1 2025 alone, the sector drove 43 per cent of the large-sized transactions of 100,000 sq. ft or above. "Despite current headwinds, we expect technology occupiers to maintain the leasing momentum throughout 2025 and fuel commercial real estate in India, mainly supported by the expansion of GCCs," Mehrotra added. Bengaluru remains the epicentre of India's technology sector and has established itself in the top 5 global tech destinations. Hyderabad, meanwhile, continues to strengthen its position as a major technology centre both in India and globally. Together, these two accounted for nearly half of the country's tech leasing over the last five years, underscoring their dominance as preferred markets for technology occupiers, according to the report. Pune, Chennai, and Delhi-NCR are the others with sustained demand from technology firms.
Korea Herald
01-05-2025
- Health
- Korea Herald
Young diabetics in Korea double in 10 years: study
Many diabetics in 20s and 30s also live with other diseases, few are treated The number of Koreans in their 20s and 30s diagnosed with Type 2 diabetes has more than doubled in a decade, with approximately 370,000 people in this age group now living with the disease, a recent study shows. According to research published in the Diabetes and Metabolism Journal of the Korean Diabetes Association, 2.02 percent of Koreans aged 19-39 had Type 2 diabetes in 2020, up from 1.02 percent in 2010. The increase of diabetes cases among young adults is especially noticeable among those in their 30s, where the rate increased from 2.9 percent to 3.9 percent in the same period. Type 2 diabetes refers to a chronic condition characterized by high blood sugar levels stemming from the body's inability to use insulin correctly, which can eventually cause damage to the eyes, kidneys, nerves and heart. Obesity and lack of physical exercise are among factors linked to diabetes, along with family history, poor diet and certain medications. The researchers found that a significant number of those with Type 2 diabetes had a high body mass index. Some 67.8 percent of young adults with diabetes here had a BMI of 25 kilograms per square meter, while 31.6 percent had a BMI of at least 30. BMI is calculated by dividing a person's weight (in kg) by their height in meters squared. A substantial number of young adults with diabetes also had other metabolic conditions, including dyslipidemia (79.8 percent), fatty liver (78.9 percent) and high blood pressure (34.2 percent). Several cases of heart-related diseases were also found in diabetic patients in the 19-39 age group. Researchers noted that the recent rise of Type 2 diabetes among young adults here reveals a need for government attention, such as programs tailored specifically for young vulnerable groups and systems to support those with obesity. South Korea has recently seen increases in the diabetes prevalence rate. The Health and Insurance Review and Service report in November revealed that 7.46 percent of the population, or 3.82 million, have diabetes. The number of people with diabetes here increased by 18.6 percent between 2019 and 2023, with male patients rising by 19.6 percent and female patients by 17.3 percent in the same period. Despite the rising number of people with diabetes in their 20s and 30s, studies have shown that only one-third of such cases are being treated. According to the Diabetes Fact Sheet 2024 by the Korean Diabetes Association, 35 percent of diabetes patients in their 20s and 30s were receiving treatment.
