According to real estate services firm CBRE, the share of ecommerce companies had dropped from 9 per cent in H1 2015 to 5 per cent in H12016. "The primary demand driver for office sector is IT-ITeS and e-commerce is only a small part of it. The start-ups and ecommerce companies are taking a cautious approach in leasing out large office spaces," said Surabhi Arora, Senior Associate Director, Research at Colliers India Last year, ecommerce companies buzzed because of big lease transactions by companies like Flipkart , Myntra and Amazon . Last year, Snapdeal consolidated several of its offices in the NCR into one central office of 4.5 lakh sq ft in Gurgaon's Udyog Vihar. Flipkart will use this space to bring its several offices across Bengaluru under one roof.

Source: Economic Times August 23, 2016 01:18 UTC