Chennai rapidly emerging as one of India’s next major GCC and IT destinations”: Nair

Global annual office net absorption stands at approximately 350 million square feet. Asia accounts for nearly 100 million square feet of this total, with India commanding a dominant 60 million square feet, underscoring the country’s position as the office capital of the world. Yet, when we look at these numbers against a total global inventory of 15 billion square feet and a US market of 5 billion square feet, India’s current figure of 900 million square feet footprint indicates that this growth story is just beginning.