Startups are fuelling India's next wave of growth, ushering in an era of unparalleled change and innovation in India as startups to account for nearly 30 percent of gross leasing activity in India in 2022, according to a report by Jones Lang LaSalle (JLL) India on November 28.
With over 6.97 million sq. ft of space leased to startups in H1 2022, the industry is pegged to be one of the top office occupiers in the coming years according to JLL’s recent publication titled “A startup’s guide to office space”.
Global and domestic investors have been aggressively investing money in the sector owing to the enormous growth potential, said the report.
The metro cities of Bengaluru, Delhi National Capital Region and Mumbai are top startup destinations in India followed by cities such as Chennai, Pune, Hyderabad and Kolkata, the report stated.