The Future of Work: Redefining Office Culture with Innovation
- Workspace Wellness
- January 14, 2025
India’s office leasing hit 66.4 million sq ft in 2024, driven by Bengaluru’s 21.7 million sq ft absorption. Flex spaces surged with 12.5 million sq ft leased, accounting for 20% of demand. While Chennai and Delhi-NCR saw declines, tech, BFSI, and manufacturing sectors fueled overall growth.
READ MOREThe UK Consulate purchased 12 office units in Mumbai’s One Lodha Place for ₹101.2 crore. The space, which spans 14,883 sq ft, will relocate the British Deputy High Commission from Bandra East to Lower Parel. Strategically located in a prime business hub, the deal underscores Mumbai’s appeal for global investments.
READ MOREIndia’s office space market saw remarkable growth in 2024, with gross leasing across six major cities rising 14% year-on-year to an all-time high of 66.4 million square feet, according to Colliers India. The surge in demand highlights the resilience and dynamism of the commercial real estate sector, driven largely by technology firms, engineering and manufacturing companies, and financial services providers.
READ MOREIndia’s office market thrives in 2024, with leasing surpassing 47 million sq ft by Q3 and flex spaces rising to 20% of demand. Tier-II cities gain traction, rentals grow by 5-10%, and sustainability drives new developments. Projections for 2025 include solid growth, GCC expansion, and broader sector participation.
READ MOREMyBranch celebrates its presence in the 75th city by opening a new branch in Ambala Cantt, Haryana, solidifying its leadership in flexible office solutions. Spanning 5,800 sq ft, the facility offers modern amenities catering to IT, BFSI, and more industries. With a footprint in all 28 states, MyBranch plans further expansion, adding 50,000 sq ft soon.
READ MOREAirbus has leased 650,000 sq ft in Bengaluru’s Titanium Tech Park to establish a Global Capability Centre, with a scalability of 800,000 sq ft. Valued at ₹500 crore, this 10-year lease supports Airbus’s innovation efforts in India’s booming aviation market, reinforcing its long-term commitment to the region.
READ MOREORGATEC India, debuting in November 2025, will showcase sustainable workspace solutions, ergonomic designs, and advanced technologies. Backed by NAREDCO and IIID, it highlights GCCs leasing 40–45% of office space in India. The event fosters collaboration, innovation, and sustainability, shaping the future of modern workspaces.
READ MORECo-working spaces are transforming India’s real estate market, growing from 55 million sq ft to a projected 100–140 million sq ft by 2030. Driven by demand from startups, global corporations, and Tier-2 cities, these flexible hubs offer scalability and premium amenities and are reshaping how businesses operate post-pandemic.
READ MOREMadhuri Dixit rents out her 1,594 sq ft Andheri office space for ₹3 lakh monthly, following Bollywood’s real estate trend. The actress also purchased a ₹48 crore luxury apartment in Lower Parel. Celebrities increasingly leverage property investments for a steady income and high returns.
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