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

Office REIT penetration in India is expected to rise from 19% to 30% by 2030, according to Colliers India. Strong leasing activity, growing institutional ownership, increasing retail investor participation, and a pipeline of 370 million sq. ft. of REIT-ready office stock are driving the next phase of growth.
READ MORE
Tech Mahindra has leased 3.97 lakh sq. ft. of office space at Aparna Technopolis in Hyderabad under a 10-year agreement valued at approximately ₹410 crore. The deal reflects strong occupier confidence in Hyderabad’s office market, which continues to witness rising leasing activity, rental growth, and expanding GCC presence.
READ MORE
NBCC India has successfully sold 7.08 lakh sq. ft. of commercial space at Bharat Business Park in New Delhi through an e-auction valued at ₹2,857 crore. The transaction highlights strong demand for premium commercial assets, supports NBCC’s asset monetisation strategy, and reinforces confidence in India’s evolving office real estate market.
READ MORE
Cushman & Wakefield has appointed Gipson Paul as Managing Director, Hyderabad, to lead growth across service lines and strengthen client engagement in one of India’s fastest-growing commercial real estate markets. With 25 years of industry experience, Paul will help drive the firm’s expansion amid rising office, investor, and occupier activity.
READ MORE
Target Corporation India has leased 8.31 lakh sq. ft. of office space at Embassy Manyata Business Park in Bengaluru under a 10-year agreement valued at nearly ₹1,250 crore. The landmark transaction highlights growing demand from Global Capability Centres (GCCs) and strengthens Bengaluru’s position as India’s leading office leasing market.
READ MORE
Institutional investors and REITs now control 72% of India’s existing office inventory and 61% of upcoming supply, signalling a major shift in commercial real estate ownership. As premium office assets move into long-term institutional portfolios, direct ownership opportunities are declining, while yield-based investing and professional asset management gain prominence.
READ MORE