Office space leasing in India reaches a record high in 2023

In a recent report by real estate advisory firm Savills India, it has been revealed that office space demand in India's six major cities has reached a new all-time high in 2023. The report states that a total of 62.3 million square feet of office space was absorbed, marking a significant 12% increase compared to the previous year. According to the findings, three cities emerged as the top performers, namely Bengaluru, Delhi-NCR, and Mumbai. These cities collectively accounted for nearly 60% of the gross leasing activity in 2023.

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