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Despite headwinds in domestic economy, realty will grow: Savills


The trinity of Bengaluru-National Capital Region-Hyderabad has set a new office space uptake benchmark, as it reached 15.6 million square feet (mn. sq. ft.), 10.9 mn. sq. ft. and 9.5 mn. sq.ft. respectively during calendar 2019, said a study by international property consultants, Savills India.

As per the study, markets including Mumbai, NCR, Bengaluru, Chennai, Pune and Hyderabad drove the growth. Office space demand in 2019 bettered the previous historic benchmark of 2018 by 22% amounting to a gross absorption of 57.72 mn. sq.ft.

Being the key drivers, IT and ITeS accounted for 46 ...


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