Office demand in the first quarter of 2016 increased by 19% to 11.7 msf (million square feet) across the top eight cities backed by high pre-commitments, as compared to the corresponding quarter last year, according to a property consultant. While the sluggish net absorption levels is marked by characteristic slow Q1 fraught by delayed decision making by Indian companies, the two southern cities of Bengaluru and Hyderabad bucked the trend registering strong uptake of space.
Read more: Economic Times
