The optimism is driven by improvement in key metrics. In the commercial segment, the office occupancy rose to 95% in the December quarter (Q3FY24). Office leasing at 0.5 million square feet space was the highest seen in a post-covid quarter.
Office leasing is improving, especially in Bengaluru due to robust demand from global capability centres, the management said in an earnings call. The company expects to complete the crucial Brigade Twin Tower office project in QIFY25 and lease it fully by FY25-end.
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