World Mental Health Day 2023 special: A human right for all
HRO reaches out to HR and business leaders across Asia, to understand how they enable care for this basic right in the workplace for everyone.
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HRO reaches out to HR and business leaders across Asia, to understand how they enable care for this basic right in the workplace for everyone.
While properties costing over Rs 1 crore saw an annual rise of 39 percent, the mid-segment of Rs 50 lakh to Rs 1 crore saw a rise of 14 percent on-year in Q3 CY2023. The report also said that the Indian office segment witnessed 16 million sq ft of transactions in the quarter.
After Mumbai, Delhi ranks second in leasing followed by Hyderabad, said a Cushman & Wakefield report.
However, on a Year-to-Date comparison, net absorption in 2023 is slightly lower by 13.9 percent compared to Jan-Sep 2022 as firms deferred growth plans and looked at portfolio optimisation given the global sluggishness; Hyderabad and Bengaluru take the top spot accounting for 49% of the quarterly net absorption
A Cushman & Wakefield report stated that the sector has a share of 15 to 18 percent in office leasing, suggesting rising activity on the back of the Make in India and PLI initiatives.