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Foreign BFSI firms drive GCC office leasing to record 7.32 mn sq ft: Report
Demand for office space to set up global capability centres (GCCs) in India is driven by foreign banking, financial services and insurance firms, as their gross leasing touched a record 7.32 million sq ft in the January-June period, according to Knight Frank. Interestingly, leasing by foreign IT-ITeS companies to set up GCCs fell 28 per cent to 4.13 million sq ft in the first six months of this year from 5.71 million sq ft in the year-ago period. Real estate consultant Knight Frank India noted …
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