India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

NBCC India has successfully sold 7.08 lakh sq. ft. of commercial space at Bharat Business Park in New Delhi through an e-auction valued at ₹2,857 crore. The transaction highlights strong demand for premium commercial assets, supports NBCC’s asset monetisation strategy, and reinforces confidence in India’s evolving office real estate market.
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Cushman & Wakefield has appointed Gipson Paul as Managing Director, Hyderabad, to lead growth across service lines and strengthen client engagement in one of India’s fastest-growing commercial real estate markets. With 25 years of industry experience, Paul will help drive the firm’s expansion amid rising office, investor, and occupier activity.
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Target Corporation India has leased 8.31 lakh sq. ft. of office space at Embassy Manyata Business Park in Bengaluru under a 10-year agreement valued at nearly ₹1,250 crore. The landmark transaction highlights growing demand from Global Capability Centres (GCCs) and strengthens Bengaluru’s position as India’s leading office leasing market.
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Institutional investors and REITs now control 72% of India’s existing office inventory and 61% of upcoming supply, signalling a major shift in commercial real estate ownership. As premium office assets move into long-term institutional portfolios, direct ownership opportunities are declining, while yield-based investing and professional asset management gain prominence.
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