The tech sector has accounted for an average 38-40 per cent share in annual leasing activity in the Bengaluru office market, which is higher than the national average of 35 per cent.<\/p>\n\n\n\n
Bengaluru ranks second after Beijing on the list of top technology hubs in the Asia Pacific region, according to property consultant Cushman & Wakefield.<\/p>\n\n\n\n
In its latest report ‘Tech Cities: The Global Intersection of Talent and Real Estate’, the consultant has identified tech markets based on 14 criteria across talent, real estate, and business environment metrics.<\/p>\n\n\n\n
The report has identified “Bengaluru, Chennai, Hyderabad, and Delhi as the top technology hubs in the APAC region after Beijing”, the consultant said in a statement.<\/p>\n\n\n\n
Bengaluru leads India with 2,30,813 tech job creation during the last fiscal, followed by Chennai with 1,12,781, Hyderabad with 1,03,032 and Delhi with 89,996 jobs.<\/p>\n\n\n\n
“The IT and tech-driven sectors remain the key driving force for the Indian economy,” said Anshul Jain, MD, India & South East Asia.<\/p>\n\n\n\n
“The strong market fundamentals coupled with key policy changes have not only made India a favourable investment hub for global IT players, but also made it the most sought-after destination to find global tech talents and set footprints for further expansion,” Jain said.<\/p>\n\n\n\n
Bengaluru is one of the largest contributors to office space leasing with an average share of 25-30 per cent in annual pan-India leasing activity between 2017 -2021.<\/p>\n\n\n\n
The tech sector has accounted for an average 38-40 per cent share in annual leasing activity in the Bengaluru office market, which is higher than the national average of 35 per cent.<\/p>\n\n\n\n
“Tech occupiers are largely dispersed across the city, however, commercial real estate infrastructure at Outer Ring Road and Peripheral East (Whitefield) have made these locations the prominent tech-centric markets of the city due to their scale of developments and offerings,” the consultant said.<\/p>\n\n\n\n
Large scale Grade A office projects in these submarkets offering state-of-the-art facilities for employees have attracted both national and global tech companies over the past two decades, it added.<\/p>\n\n\n\n
Source:https:\/\/www.zeebiz.com\/india\/news-these-indian-cities-are-top-tech-hubs-in-asia-pacific-region-196297<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The tech sector has accounted for an average 38-40 per cent share in annual leasing activity in the Bengaluru office[…]<\/p>\n","protected":false},"author":1,"featured_media":5171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-updates"],"aioseo_notices":[],"a3_pvc":{"activated":false,"total_views":0,"today_views":0},"_links":{"self":[{"href":"https:\/\/apkwebtech.com\/site\/wp-json\/wp\/v2\/posts\/5170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/apkwebtech.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apkwebtech.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apkwebtech.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/apkwebtech.com\/site\/wp-json\/wp\/v2\/comments?post=5170"}],"version-history":[{"count":1,"href":"https:\/\/apkwebtech.com\/site\/wp-json\/wp\/v2\/posts\/5170\/revisions"}],"predecessor-version":[{"id":5172,"href":"https:\/\/apkwebtech.com\/site\/wp-json\/wp\/v2\/posts\/5170\/revisions\/5172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/apkwebtech.com\/site\/wp-json\/wp\/v2\/media\/5171"}],"wp:attachment":[{"href":"https:\/\/apkwebtech.com\/site\/wp-json\/wp\/v2\/media?parent=5170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apkwebtech.com\/site\/wp-json\/wp\/v2\/categories?post=5170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apkwebtech.com\/site\/wp-json\/wp\/v2\/tags?post=5170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}