Amazon, Cognizant, IBM, Accenture, and McKinsey are renewing leases in India's office space market, which is booming. Bangalore led the list of cities where major firms renewed office space, with 1.6 million square feet renewed between January and July 2024.

Price Waterhouse is set to open an office in Gujarat International Finance Tec-City (GIFT City) as more multinational clients start moving to the new financial services centre, two people aware of the development said.

With several multinationals setting up shop in India and NRI professionals returning in droves to take up lucrative assignments here, many Indian cities are now witnessing an increased demand for commercial and residential property in prime locations.