Blackstone is the largest office owner in India with a portfolio of 118 million sq. “Brookfield has nearly 40 million sq ft of operating assets, with strong presence in north and east, and with the RMZ deal, in south India. In 2019, office space absorption or leasing hit 46 million sq ft, and is expected to close at around 25 million sq ft this year. Even if leasing rises to 30-35 million sq ft next year, companies will remain cautious about taking up more office space post pandemic. Most office investors bought asset by asset but now, the cheque sizes are growing bigger.

Source: Mint October 19, 2020 17:15 UTC