India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

MUMBAI: The country’s financial capital has climbed to the top of India’s commercial real estate ladder. According to a new report by Anarock Research, office rentals in the Mumbai Metropolitan Region (MMR) have jumped 28% in three years — from ₹131 per sq ft in 2022 to ₹168 in 2025 — making it the most
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JP Morgan India has signed a 10-year lease for 1.16 lakh sq ft in an under-construction project by Goisu Realty in Mumbai’s Bandra Kurla Complex (BKC). With a monthly rent of ₹6.91 crore starting October 2026, this deal underscores BKC’s continued appeal as a prime location for financial services firms.
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According to Colliers, India’s office real estate market recorded 17.8 million sq ft of gross leasing in Q2 2025, marking an 11% YoY growth. Bengaluru led the surge with a 27% share, while flex space operators drove record demand. Total annual demand may hit 70 million sq ft by year-end.
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Tata Consultancy Services (TCS) is investing over ₹4,500 crore to expand its physical footprint across India. The move includes significant real estate acquisitions and leasing in cities like Bengaluru, Hyderabad, Kochi, and Visakhapatnam, reflecting a long-term strategy to scale operations, embrace hybrid work, and tap into India’s growing tech talent.
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Kochi is set to make a grand leap in the IT landscape with the Lulu IT Twin Towers launching on June 28. Built at ₹1,500 crore in SmartCity, Kakkanad, the 152-meter-high towers offer 35 lakh sq ft of premium workspace, world-class amenities, and the world’s most extensive robotic parking system.
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Hyderabad’s HITEC City, a magnet for global capability centres (GCCs), has hit a leasing saturation point. With no Grade A office space available until late 2026, industry insiders reveal that major companies like Heineken are being pushed to explore nearby locations like the Financial District and Gachibowli.
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