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• uring 1Q 2014, office absorption in eight major cities was recorded at around 8 MN SF, 7% up from last quarter.
•Bangalore and NCR topped the chart contributing 75% in the total absorption.
•All markets, with the exception of Mumbai, Chennai and Pune, have witnessed increase in office absorption.
•With positive signals emanating from the global economy, which finds resonance in our improved export performance, we anticipate further improvement in sentiments after the elections