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OpEx Model Revolutionizes India’s Commercial Real Estate Landscape 0
- Industry News
- November 21, 2024
India’s commercial real estate is shifting to an OpEx model, prioritising flexibility and cost-efficiency. Corporations are embracing managed and co-working spaces, with leasing projected at 70 million sq. ft by 2024. Sustainability and tech-driven solutions like smart building systems further drive this trend, transforming workspace strategies for adaptability and growth.
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Onward Workspaces and Lenskart Partner for 14,000 Sq. Ft. Managed Office in Okhla 0
- Industry News
- December 4, 2024
Onward Workspaces partners with Lenskart to deliver a 14,000 sq. ft. managed office in Okhla Phase 3, Delhi. The bespoke space, accommodating 300 employees, reflects Lenskart’s brand identity. With ₹1,800 per sq. ft. investment, Onward advances its mission to provide premium, flexible workspaces, aligning with the growing demand for dynamic office solutions.
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Offshoring Boom Fuels India’s Office Space Market 0
- Industry News
- April 23, 2024
India’s offshoring industry is fueling a surge in office space leases, now accounting for over 46% of the market. Companies increasingly seek Grade A spaces in metro cities like Bengaluru, Mumbai, Hyderabad, and Pune, driving demand for high-quality, sustainable office spaces.
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Office Transactions Reach Record Highs in H1 2024 – Knight Frank India Report 0
- Industry News
- July 19, 2024
India’s office market hit a record 34.7 million sq ft in H1 2024, growing 33% year-on-year. Bengaluru led with 8.4 million sq ft. Flexible spaces surged, comprising 21% of transactions. Strong demand lowered vacancy rates and boosted rents. The market is set to finish 2024 on a high note.
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Office Space Supply Surges by 46% in Major Indian Cities Amid Rising Demand 0
- Industry News
- November 8, 2024
According to CBRE, office space supply in India’s top nine cities surged by 46% to 13.4 million sq ft in early 2019, led by Hyderabad’s unprecedented growth. With demand from corporates and coworking operators rising, developers are investing in flexible workspaces and SEZs to support expanding businesses and startups.
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Office Space Market Shows Resilience Amid Shifting Trends 0
- Industry News
- November 28, 2024
India’s office space market demonstrated resilience in Q3 FY24, with gross leasing activity rising 17% to 18.61 million square feet despite a 4% drop in new supply. According to a real estate consultant Vestian report, this trend highlights robust demand for prime workspaces in a dynamic and evolving market.
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