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• In 2013, Delhi NCR witnessed approximately 8.31 MN SF of commercial space lease absorption 22% up from previous year.
• Within Delhi NCR, 70% of the space was leased in Gurgaon, 23% in NOIDA and the remaining 7% in Delhi.
• A number of large deals included developer’s committing to hard options to accommodating new and existing occupier expected growth requirements.
• In 2014, sentiment will remains cautious, despite robust absorption in 2013.
• Gurgaon is expected to witness a lot of lease renewals in 2014 and 2015.