As per the ongoing trends, the face of India’s office sector is evolving at a rapid pace.
Owing to these factors and rising investor interest in the Indian market, the country has witnessed a strong growth of offices during the year 2018.
This year, India will also see the announcements and subsequent listings of a number of real estate investment trusts (REITs).
Hence, BFSI, consultancy business, telecom, healthcare, biotech, real estate construction, e-commerce, and co-working service providers are actively taking up spaces.
For Hyderabad, while BFSI was the most prominent sector in non-IT/ITeS space take-up in 2013–2016, gradually the emerging E-commerce sector and consultancy have started gaining prominence in 2017 and during first three quarters of 2018.
In Kolkata, manufacturing or industrial had the highest share of non-IT/ITeS office space in 2013–2016 which changed to consultancy gaining prominence in 2017.
