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Gross Leasing (mn sq ft) Q1 2022 Q4 2022 Q1 2023 Q-O-Q Growth (%) Y-O-Y Growth (%)
Bengaluru 1.60 2.75 3.12 13.2% 94.8%
Chennai 1.42 1.42 1.25 -11.7% -11.6%
Delhi NCR 2.86 2.64 3.99 51.4% 39.6%
Hyderabad 0.89 2.21 0.97 -55.9% 9.3%
Kolkata 0.13 0.25 0.56 128.0% 323.6%
Mumbai 1.91 3.30 1.50 -54.6% -21.3%
Pune 1.59 1.46 1.41 -3.2% -11.1%
Pan India 10.39 14.02 12.81 -8.7% 23.2%
Net Absorption (mn sq ft) Q1 2022 Q4 2022 Q1 2023 Q-O-Q Growth (%) Y-O-Y Growth (%)
Bengaluru 1.67 1.20 1.91 58.3% 14.4%
Chennai 1.21 1.24 0.60 -51.2% -49.9%
Delhi NCR 1.34 1.89 1.96 3.8% 46.8%
Hyderabad 3.42 1.74 0.52 -69.8% 84.6%
Kolkata 0.18 0.20 0.46 127.9% 151.6%
Mumbai 1.44 1.05 0.88 -15.9% -38.9%
Pune 2.30 0.66 1.28 93.1% -44.1%
Pan India 11.55 7.99 7.63 -4.5% -34.0%
New Completions (mn sq ft) Q1 2022 Q4 2022 Q1 2023 Q-O-Q Growth (%) Y-O-Y Growth (%)
Bengaluru 4.63 3.55 4.75 33.8% 2.8%
Chennai 2.40 1.66 0.70 -57.8% -70.8%
Delhi NCR 1.51 1.84 1.81 -2.0% 19.7%
Hyderabad 4.77 5.42 0.68 -87.6% -85.9%
Kolkata 0.27 0.00 0.04 NA -83.7
Mumbai 1.98 1.47 0.15 -89.8% -92.4%
Pune 4.81 0.88 1.383 107.0% -62.0%
Pan India 20.37 14.83 9.96 -32.8% -51.1%