30% GROWTH Y-O-Y IN GROSS LEASING; COVID-19 IMPACT FELT Q-O-Q; BENGALURU SHOWS LEAST IMPACT OF COVID-19
- 16.75 msf gross leasing volume in Q1 2020, 30% higher y-o-y
- Delhi NCR, Bengaluru and Mumbai were the most active markets with 25.0%, 22.3% and 18.5% shares in gross leasing volumes in this quarter
- The net absorption in Q1 2020 stands at 7.40 msf, which is lower by 22.6% on a quarterly basis
- IT-BPM sector has maximum share with 32.0% share in overall leasing followed by Captive centres (GCCs) with 15.8% share and flex workspaces with 13.5% share.