In India, American companies occupy about 45 percent of the grade ‘A’ space, as they continue to expand operations leveraging the low cost and highly-skilled resource base in the country. Companies from India account for 35 percent of the office real estate absorption, while those from the European Union take the third spot with less than percent, and APAC countries and the rest of the world account for about 5 percent.
Some of the biggest companies from the U.S. that have leased office space in India include Microsoft, IBM, Cognizant, Convergys, Bank of America, JP Morgan, Wells Fargo, and Blackstone.
The highest growth in leased office space comes from businesses in technology, financial services, and the e-commerce space. Bangalore remains a key driver of office leasing, accounting for more than the combined share of Delhi-NCR, Mumbai, and Hyderabad.
