Green office leasing reached an 82% share in India's top six cities in Q2 2024, with a 24% increase over the previous year.
Green office leasing reached an 82% share in India's top six cities in Q2 2024, with a 24% increase over the previous year. This growth, driven by technology, engineering, and manufacturing firms, is projected to continue due to increased focus on ESG targets and mandatory sustainability reporting from the Securities and Exchange Board of India (SEBI). Nearly 75% of office leases in the first half of 2024 were green spaces, and it's expected that over 600 million square feet of Grade A green office stock will be available in the next two to three years as the majority of under-construction Grade A office developments become green-certified.
August 13, 2024
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