Tech companies absorbed almost 60% of the fresh office lease in Noida last year, thereby continuing to fuel real estate growth in this emerging market, a report by a property consultant, India, revealed. The office-absorption report by the real estate researcher further stated that a total of 7,06,063 square metres of office space was absorbed in Noida, Gurgaon and Delhi in 2016.
Noida alone soaked up 36% or 2,51,770 sqm of the office space. Gurgaon, leading the show, absorbed 51% of the office lease while Delhi recorded only 13% space absorption.
Read more: TOI
