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The sector recorded an all-time excessive leasing in 2023, taking 7.1 million sq ft throughout eight cities, which is expected to dip to 6-6.5 million sq ft in 2024, in accordance with CBRE. Mumbai’s 10% price progress prior to now 12 months driven primarily by affluent homebuyers in search of a lifestyle improve in the backdrop of a robust economic setting which continues to realize momentum. This whole facility is predicted to accommodate more than three,000 workers spanning throughout different verticals of operations and know-how. Bank of America has entered a long-term lease of 9 years and will be paying a complete rental of over Rs a hundred and twenty crore through this complete time period. The leasing performance in the March quarter is trailing only to the degrees of 17.three million sq ft witnessed within the first quarter of 2020.