IT, ITeS firms pushing demand in office real estate segment - Feedback

The burgeoning information technology (IT) and IT-enabled services (ITeS) sector in India has given a substantial push to the office real estate segment in India. According to a recent report, 58 per cent of the total office real estate has been taken up by IT companies in the country.

In Pune, the IT sector uses as much as 74 per cent of office realty space, followed by Gurgaon (64 per cent) and Bengaluru (57 per cent), says the report Dealing with Explosive Growth: How Tech Occupiers Use Real Estate to Harness Opportunities by Colliers International. The reason why Bengaluru, Pune and Gurgaon are the preferred locations among tech occupiers is the ability of these cities to attract talent as well as the availability of Grade A buildings at affordable rents.

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