Total no. of transactions decreased Y-o-Y in 2016. However, no. of 10,000+ sf transactions increased. This led to in 24% increase in total absorption Y-o-Y; majorly contributed by 10,000 + sf deals in 2016. *Grade A data only
At just over 0.09 million sq ft, overall transaction volume in office space was unable to pick up in Kolkata this quarter as well said a recent report. Lease activity was driven by assortment of industries including Technology firms which shared about 33% of the absorption pie while, Engineering firms came in next at 25% share.… Read More »
Three banks which have started operations in the International Financial Services Centre (IFSC) have collectively done transactions worth $250 million, Gujarat International Finance Tec-City (GIFT) said in an emailed statement. Yes Bank, Federal Bank and ICICI Bank which have started their offshore units in this special economic zone have together issued buyers credit, foreign currency… Read More »
