Demand for office space in SEZs on the rise despite sunset date of March 31

Demand for office space in SEZs on the rise despite sunset date of March 31

Demand for office space in Special Economic Zones (SEZs) stayed surprisingly resilient in early 2020, with several large occupiers rushing to close leases despite the March 31 sunset date for key income‑tax benefits. Far from stalling, SEZ transactions were driven by consolidation, long‑term cost savings and occupiers’ confidence in India’s technology and services export story.​ […]