Shivalik Curv: INI Design Studio's Twisting Tower Redefines Ahmedabad's Skyline
- Workspace Designs
- February 6, 2025
India’s office market is set for record absorption, with net leasing projected to grow 10-11% in FY2025 to 59-60 million sq. ft., according to ICRA. Vacancy rates will remain stable, while retail leasing will grow 7-9%. Rising demand from GCCs, corporates, and resilient economic factors continue to drive expansion.
READ MORENPCI has leased two floors in Mumbai’s Oberoi Commerz III, Goregaon East, for ₹2.15 crore per month. Spanning 115,332 sq ft, the 60-month lease includes a 15% rental hike after three years. This expansion aligns with NPCI’s strategy to strengthen India’s digital payments infrastructure and operational capabilities.
READ MORENuvama-Cushman & Wakefield JV raised ₹1,700 crore under its Prime Offices Fund (PRIME) to invest in Grade A+ office spaces across India’s top cities. With a ₹3,000 crore target, the fund aims to shape world-class workspaces, reflecting strong investor confidence in India’s booming commercial real estate sector.
READ MOREIndian offices are evolving into vibrant social hubs, prioritising collaboration, comfort, and flexibility. With 62% of companies returning to the office, MillerKnoll leads the transformation with thoughtful designs like modular sofas and ergonomic lounges. By blending aesthetics and functionality, workplaces are becoming destinations employees want to return to and thrive in.
READ MORETata Investment Corporation has acquired 43,000 sq ft of office space across two floors in Mumbai’s Wadala for INR 150 crore. The purchase in Lodha Excelus at New Cuffe Parade includes 63 parking slots. This move signals Tata’s strategic expansion amid rising demand for outright office ownership in India.
READ MOREEmbassy REIT has leased 2.07 lakh sq. ft. to cybersecurity firm Rubrik at Embassy TechVillage, Bengaluru. Facilitated by Colliers, the deal strengthens Rubrik’s India presence. Embassy REIT, India’s first listed REIT, manages a 511 lakh sq. ft. portfolio across key cities, reflecting the rising demand for premium commercial office spaces.
READ MOREMax Estates and M3M India secured prime commercial land in Noida through a high-stakes auction, collectively investing over INR 1,500 crore. The mixed-use and commercial development acquisitions reflect Noida’s growing appeal as a business hub. Upcoming projects will enhance the region’s commercial landscape and meet rising demand.
READ MOREWeWork India is expanding in Chennai and is planning a new space in DLF Cybercity, Porur, by next year. With a Rs 300 crore annual investment, it aims to add two million sq. ft. annually. Chennai’s rising office space demand, driven by tech and flexible workspace needs, fuels WeWork’s strategic growth in the city.
READ MOREIndia’s office leasing market is set to grow 10-11% in FY25, with net absorption reaching 59-60 million sq. ft., according to ICRA. Despite a surge in new supply, vacancy rates will remain stable. Strong GCCs and flex operators demand drives record leasing, reinforcing India’s commercial real estate momentum.
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