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• In 2013, Bengaluru market recorded highest absorption of office space among top 6 cities in India.
• Cumulative leases in the Bangalore market amounted to just over 8.66 million sq. ft. in 2013.
• New requirements were mainly from corporates seeking to realign their office requirements.
• New office supply was close to 5.5 million sq. ft., which was 28% less than the new supply in 2012.
• It is anticipated that the annual transaction volumes in 2014 will be similar to 2013.