According to Cushman and Wakefield, a real estate research firm, Bengalooru (Bangalore) occupied the first position i.e. 33.75pct, of the 40 mn sq ft of commercial space leased or committed in India last year. Second stood the NCR comprising Delhi, Gurgaon, Noida, Ghaziabad and Faridabad that recorded the highest growth of 100pct in 2006. Chennai, with a total uptake (commitments and absorption) of 6.5 mn sq ft stood third. Mumbai was Chennai's nearest competitor with 5 mn sq. ft. At number five, six and seven were Hyderabad, Pune and Kolkata, respectively, with 3 mn sq ft., 2.6 mn sq ft. and 1.5 mn sq ft. It's been noticed that for the last few years, the NCR market has been led by IT & ITES sector, especially in Noida & Gurgaon and Delhi that has attracted non-IT and ITeS segment because of the central business districts.
The Financial Express New Delhi Edition January 25 2007
Visit www.mybangaloreproperty.com for more