New Delhi, March 16 -- The Delhi National Capital Region (NCR) office market recorded a 61 per cent year-on-year increase in net absorption, the highest among the top 7 cities, to reach 9.5 million square feet in 2024, said a report by ANAROCK.

According to the real estate consultancy firm, this was primarily driven by robust demand from Global Capability Centers (GCCs) and the technology sector.

The co-working sector accounted for 34 per cent of the total transactions, marking a 6 per cent increase from 2023.

Conversely, the IT-ITeS sector's share decreased by 3 per cent to 29 per cent, while consulting business occupiers contributed 12 per cent to the overall transactions.

Peush Jain, MD-Commercial Leasing and Advisory, ANAROCK Grou...