BFSI firms drive India’s GCC office leasing as demand shifts beyond tech

In a notable development, foreign BFSI companies ramped up their leasing activities for global centers in India, resulting in a remarkable seventy percent year-on-year rise. Conversely, foreign IT-ITeS firms have cut back on office space absorption. The commercial real estate market in India reflects changing dynamics, with other service and manufacturing sectors displaying distinct trends in their leasing decisions.