Bengaluru ranks 2nd in Asia-Pacific & 6th in the world as 'Global Tech Hub

 Delhi, Chennai & Mumbai not far behind

Beijing was top in Asia-Pacific, Amsterdam topped globally.

A report by Cushman and Wakefield stated that Bengaluru lags behind Beijing as one of the top tech hubs in the Asia-Pacific, followed by Chennai, Hyderabad and Delhi with a strong demand for quality office spaces from domestic and multinational companies and a consistent supply of quality office spaces. Driven by demand.

The country added more than 500,000 jobs in IT in the last financial year, the study said.

The study considered factors such as talent, real estate and business environment to assess and evaluate cities. Stating that Bengaluru is India's largest Grade A office market, the report called the city one of the largest contributors to office space leasing with an average share of 25-30% in annual all-India leasing activity from 2017 to 2021.

The report said the tech sector accounts for an average of 38-40% of the annual leasing activity (2017-2021) in the Bengaluru office market, which is higher than the national average of 35%.

Stating that the city has a lot to offer residents, the report also touched upon the quality of life, it said, adding that Bengaluru topped the Indian government's Ease of Living Index 2020 under the million+ population category Is.

The Indian tech sector has been resilient to the early effects of the pandemic, making a rapid comeback and lagging most other sectors. Office-use and technical employment fully reached pre-pandemic levels within two years in major Indian cities.

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