India's Office Space Supply Hits Record High in 2024
- Industry News
- March 12, 2025
Awfis Space Solutions’ shares debuted with a 13% stock market premium following a successful IPO. The proceeds will fund new centres, working capital, and corporate purposes, showcasing investor confidence in the coworking space provider.
READ MOREWeWork’s Chapter 11 bankruptcy plan, approved by a U.S. judge, eliminates $4 billion in Debt. The restructuring reduces rent costs by $12 billion, retains 337 locations, and sees SoftBank holding a minority stake.
READ MOREGoogle leases 649,000 square feet in Alembic City, Whitefield, Bengaluru, for Rs 4.02 crore per month. The expansion includes new office space and plans to manufacture smartphones and drones locally.
READ MOREDeloitte opens a groundbreaking ‘phygital’ innovation centre in Bengaluru, spanning 12,500 square feet. The centre aims to enhance business efficiency through advanced technologies and collaborative innovation, driving new growth.
READ MOREGlobal capability centres (GCCs) are set to dominate India’s office leasing market, accounting for 40-45% of leased space in FY25, driven by sectors like engineering, BFSI, and tech. Over 1,900 GCCs will employ 2 million by 2025, highlighting India’s robust talent pool and competitive costs.
READ MOREExplore the financial benefits of TRIOS Coworking spaces, from reduced overhead costs to flexible lease terms and access to premium amenities, for minimizing business expenses while maximizing productivity.
READ MOREEFC India has expanded its coworking spaces by adding 3.6 lakh sq ft in Noida and Pune. This expansion boosts their portfolio to over 1.5 million sq ft across 35+ centres in seven states, offering nearly 50,000 seats.
READ MOREAwfis Space Solutions’ IPO was subscribed 11.40 times, reflecting strong investor interest. The Rs 599-crore share sale attracted bids for nearly ten crore shares, with retail investors’ portion subscribed 21.08 times. Proceeds will fund new centres and working capital.
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