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Industrial real estate, in truth, is acquiring traction in the country’s significant cities, owing to the IT/ITeS sectors. According to a current JLL research, India’s web office absorption in the 2nd quarter was 4.39 million square feet, up 32% year on year in key cities. “As a result of the nationwide lockdown in Q2, web absorption fell by 16% compared to the Q1. Nonetheless, the decrease was smaller than the 61% seen during the exact same period in 2014, when the very first wave of the pandemic struck, suggesting the market’s enhanced durability,” according to the report.
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