Global in-house leasing to touch 30-35 million sqft by 2021

Global in-house (GIC) leasing is expected to drive demand over the next three years with leasing activity in this segment likely to be in the range of 30-35 million sqft across the top six cities of Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune, says a new report. A global in-house center is an office focused on delivering analytics, IT management and development, R&D and automation services to its parent enterprise. GICs typically lease large spaces, above 100,000 sq feet. Bengaluru is expected to attract the highest proportion of GIC leasing, energy, and chemical companies are considering Mumbai, and tech and consumer electronics companies are looking for options in Delhi-NCR for GICs, says the report by Colliers Research.