Embassy REIT Leases 2.07 Lakh Sq Ft to Cybersecurity Firm Rubrik at Embassy TechVillage
- Industry News
- January 15, 2025
India’s Grade A office leasing surged 23% in the first three quarters of 2024, totalling 46.7 million sq ft. Bengaluru and Hyderabad led the market, with significant technological and BFSI sectors demand. Large deals dominated leasing, while flex space operators accounted for 20% of overall demand.
READ MOREBengaluru led India’s office leasing surge in 2024, with a 56% YoY growth, absorbing 16.4 million sq ft from January-September. Across nine key cities, total office leasing hit 53.8 million sq ft, driven by tech, e-commerce, and flexible space operators. Office leasing is projected to reach 70 million sq ft by year-end.
READ MOREDev Accelerator Limited is set to expand its coworking spaces through a new IPO, offering 2.47 crore equity shares. The funds will be used to set up new spaces, repay debts, and general corporate purposes. After turning profitable in FY24, the company aims to solidify its position in the flexible workspace market.
READ MOREiSprout has expanded its Hyderabad presence by leasing an additional 1 million sq ft of premium office space across SAS iTower, iSprout Tower at Minaas, and Trendset Jayabheri Connect. This brings their total managed space in the city to 1.7 million sq ft, strengthening their leadership in innovative, tech-driven work environments.
READ MOREIndia’s office space absorption rose by 14% in Q3 2024, reaching 12.16 million sq ft across seven major cities, led by Bengaluru. While most cities saw growth, Hyderabad and Kolkata experienced declines. Overall, office demand remains strong, driven by corporate expansion and economic recovery, with 31.03 million sq ft absorbed year-to-date.
READ MOREThe pivotal role of UI/UX design in the real estate market focuses on streamlining property searches, enhancing user engagement, and simplifying complex processes. With mobile optimisation and transparency as key factors, UI/UX design has become a crucial tool for real estate platforms to boost user satisfaction and build trust.
READ MOREFlexible office spaces in India have exceeded 80% occupancy, with cities like Mumbai and NCR leading the way. Cost benefits, ESG compliance, and expansion into Tier 2 cities drive growth. Flex spaces offer affordability, adaptability, and sustainability, making them a strategic choice for startups and large corporations.
READ MOREFlexible office spaces rapidly grow as businesses seek adaptable, short-term solutions in the post-pandemic era. With increasing demand from startups and corporations, these spaces promote collaboration and productivity. By 2025, 50% of companies plan to allocate 10% of their office portfolios to flexible workspaces.
READ MOREThis article explores how CRE Matrix addresses key challenges in India’s commercial real estate market, such as lack of transparency and data fragmentation. It highlights the rise of flexible workspaces, sustainability trends, and the growing importance of data-driven decision-making in shaping the industry’s future.
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