Net office leasing to grow 10-12% to 41-43 million sq ft this fiscal: CRISIL Ratings

Net leasing of Grade A commercial offices in India is projected to rise by 10-12% this fiscal, driven by strong demand from global capability centres, banking, financial services, insurance, and manufacturing sectors. This growth will improve cash accruals and credit profiles of commercial real estate entities. CRISIL Ratings highlights floor-wise denotification of SEZs aiding this trend.