New Delhi Aug 6 (IANS) Office space in Special Economic Zones (SEZ) accounts for about 22 per cent of the total office space across seven major cities in India a report of CBRE well-known real estate consultancy firm said on Monday.
On the supply front more than 20 per cent of the upcoming office space supply lined up for completion over the next two years is expected to consist of SEZ developments the report said.
"SEZ space currently accounts for about 22% of the total office stock in India across seven leading cities. Bangalore Chennai Delhi-NCR and Hyderabad house almost 80 per cent of this SEZ stock "it said.
Overall the technology sector dominated SEZ space take-up with over 60 per cent space absorption in the past three years as per the report.
Mumbai Kolkata and Pune are the other three cities covered under the survey.
Commenting on the findings Anshuman Magazine Chairman India and South East Asia CBRE said: "We feel that the space take-up in SEZs should remain strong till the end of 2019. We also expect that at least till the end of 2019 there will be a continuity in several trends in the SEZ segment of the commercial real estate market with growing preference for SEZ spaces by corporate..."

--IANS rrb/prs