Real Estate Demand Soars in India’s BFSI Sector, Projected to Break 2023 Leasing Records in 2024

The BFSI sector in India is experiencing a significant surge in office space demand, projected to surpass its previous leasing record of over 11 million square feet set in 2023. As global players dominate the market and tech hubs like Bengaluru and Mumbai emerge as key locations, the future looks bright for real estate in this rapidly evolving sector.

Office leasing surges by 35%

·       Bengaluru and Hyderabad drove India demand and supply, with cumulative share of…

In India, leasing by BFSI players surge two-fold at about 7 million sq feet since 2020

·       BFSI leasing bounced back in 2022 at 6.8 million sq feet, surpassing…

Leasing by Engineering & Manufacturing firms tripled

·       Office demand across top 6 cities up 2% YoY at 14.6 mn…

For the first time, leasing by technology companies and Flex space operators almost neck-to-neck

·       Tech sector led leasing during Q1 2023 at 22% share, closely followed…