India's Office Space Supply Hits Record High in 2024
- Industry News
- March 12, 2025
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India’s Office Space Supply Hits Record 515 Lakh Sq. Ft. in 2024: Vestian Report0
- Industry News
- March 10, 2025
India’s top cities saw a 7% rise in office space supply in 2024, reaching a record 515 lakh sq. ft., with Hyderabad leading the surge. Vacancy rates dipped, rental values climbed, and IT-ITeS dominated leasing, signalling strong demand for GCCs, BFSI, and flex spaces, per Vestian’s latest report.
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Prime Office Space Demand Surges as Hrithik Roshan Leases Pune Property for ₹6.08 Lakh Monthly0
- Industry News
- March 10, 2025
Bollywood star Hrithik Roshan has leased his premium 9,209 sq. ft. office in Pune’s EON Kharadi complex to Regus Ruby Business Centre for ₹6.08 lakh per month. Registered on February 20, 2025, the deal underscores Pune’s booming commercial real estate sector and its appeal to top businesses.
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India’s Global Capability Centres Poised for USD 105 Billion Growth by 20300
- Industry News
- March 10, 2025
India’s Global Capability Centres (GCCs) are set to reach USD 105 billion by 2030, employing 2.8 million professionals. With 1,700 GCCs generating USD 64.6 billion, India is driving digital transformation, AI innovation, and business development, solidifying its role as a global enterprise operations hub.
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Bengaluru Leads Asia-Pacific’s Flexible Office Space Market, Delhi NCR Follows0
- Industry News
- March 10, 2025
Bengaluru leads the APAC region in flexible office space with 15.5 million sq. ft., followed by Delhi NCR at 10.7 million sq. ft. India’s flexible office market saw substantial growth, particularly in Delhi NCR, driven by rising demand for managed solutions and sustainable business models.
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Nukleus Office Solutions IPO Subscribed 87% on Day 3: Key Details and GMP0
- Industry News
- March 10, 2025
Nukleus Office Solutions’ SME IPO, aiming to raise Rs 32 crore, is 87% subscribed on its final day. The price band is set at Rs 234 per share. The IPO proceeds fund capital expenditure, new centres, technology development, and advertising. Listing is scheduled for March 4 on BSE SME platform.
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Table Space Launches 30,000 sq ft Premium Workspace in Mumbai0
- Industry News
- March 10, 2025
Table Space has launched a 30,000 sq ft premium workspace in Mumbai at Raheja Altimus, Worli, expanding its footprint in the city. The company now operates over 75 centres across seven Indian cities, with a portfolio of 10.5 million sq ft of custom workspaces as of December 2024.
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Mumbai GST Authorities Provisional Attach Bank Accounts of Awfis Over ITC Dispute0
- Industry News
- March 10, 2025
Mumbai’s GST department has ordered HDFC and ICICI Bank to provisionally attach Awfis’ bank accounts over alleged excess ITC claims of Rs 4.42 crore for October 2024. Awfis clarified the amount was initially claimed but reversed after a Supreme Court ruling, which was later overturned in January 2025.
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Hyderabad’s Office Leasing Market Soars with Strong Demand and Record Absorption in 20240
- Industry News
- March 10, 2025
India’s office space supply reached a record 515 lakh square feet in 2024, with leasing activity hitting 707 lakh square feet, driven by demand from IT-ITeS and global capability centres. While Chennai’s supply declined, Hyderabad, Bengaluru, and Delhi-NCR saw significant growth. The IT sector continues to lead leasing activity.
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Record Office Space Supply in India’s Top Cities Amid Strong Demand0
- Industry News
- March 10, 2025
India’s office space supply reached 515 lakh sq ft in 2024, fueled by strong demand for IT-ITeS and global capability centres. Leasing activity surged to 707 lakh sq ft, up 16% from 2023. Hyderabad, Bengaluru, and Delhi-NCR saw significant growth, while Chennai experienced decline. The IT sector continues to lead.
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About Flex Insights
theflexinsights.com is a platform aiming at being the go-to place for insights, trends and predictions about coworking and flexible workspaces in India. It aims at connecting individuals, businesses and workspaces to create a fostering environment and to propel growth for the overall coworking and flexible workspaces industry within India.
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The BFSI Sector's Strategic Embrace of Flexible Office Spaces
- Leadership
- September 12, 2024