Bangalore continues to be the number one destination for IT companies in the country.For all those who thought Chennai and Hyderabad were eating into Bangalore’s status as the IT capital of India, here are some facts.
The annual year-end report by global real estate consultants shows that Bangalore witnessed the highest commercial space absorption in the country of 10.4 million sq ft - the highest in the country for the fifth consecutive year. Of that, IT and ITeS companies absorbed 88%, followed by automotive, telecommunications and other sectors.
Leading the way was i-Flex Solution, which absorbed 1,100,000 sq ft of commercial space in Whitefield, followed by 350,000 sq ft of space each by ABB and ANZ IT in Whitefield and the Marathalli-Sarjapur belt.
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