In the first nine months of this year, the BFSI (Banking, Financial Services, and Insurance) sector became the top driver for office leasing, a change in trend after a decade. Major global BFSI companies set up Global Capability Centres (GCCs) in India. Meanwhile, the IT sector's leasing share dropped from 37% in 2019 to 23% in 2023 due to a slowdown, while BFSI's share rose from 11% to 23% during the same time.
