Recently, NYSE-listed Ciena, a global leader in networking systems, services and software, leased 135,000 sq ft of office space at Gurgaon’s TRIL tower by Tata realty.

Embassy REIT, which owns and operates a 51.1 million square feet portfolio of 14 office parks, leased 2.1 million sq ft of space across 24 deals during the July-September quarter.

Global capability centres (GCCs) accounted for about half the leasing activity during the quarter, with Bengaluru leading the demand, contributing to 77% of the total quarterly leasing activity.In the National Capital Region (NCR), the information technology-business process management sector led the quarterly demand with a 29% share, followed by flexible workspaces with a 15% share.

In terms of net absorption, NCR recorded 1.8 million sq ft during the September quarter, witnessing 24% growth on quarter-on-quarter basis and 50% growth in year-n-year terms.At a submarket level, Gurgaon continued to lead demand within NCR, securing a 77% share in demand mostly in prime submarkets such as Golf Course Road Extension, Cybercity and NH 8 Prime. Noida Expressway contributed 14% to the overall guideline value in NCR during the quarter. Guideline value is the minimum value a property can be registered for, as specified by the government.During the September quarter, Delhi-NCR saw rents increase 2-7% quarter-on-quarter. The rentals are expected to remain range-bound for the rest of the year, according to experts.