This year, over 70 corporate occupiers responded to the survey. They represented leading corporations, with banking and finance and technology and telecommunications sub-sets forming the largest groups.
When asked to identify where they intended to expand their operations, about 48 per cent named India (double of 24% in 2012-13), and 42% named China (down from 60% in 2012-13), CBRE said.
There is a significant rise in the number of corporates intending to expand into Africa, identified by a third of respondents against a fifth in 2012-13.
The survey found out that rapid population and economic growth, coupled with increasing transparency and improving infrastructure, is removing many of the traditional barriers to entry to the Indian market.