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Office Leasing Set to Hit Record High in 2025, Cushman & Wakefield Predicts Surge Past 90 Mn Sq Ft 0

India’s office market is poised to hit a record-breaking 90+ million sq ft in gross leasing this year, says Cushman & Wakefield. The surge is fueled by GCC expansions, robust demand from the tech and BFSI sectors, and strong domestic momentum, despite dips in some key cities, such as Bengaluru and Mumbai.

GCCs Drive India’s Office Space Boom, 24% Surge in Leasing in FY25: Vestian 0

Leasing of office space for Global Capability Centres (GCCs) jumped 24% in FY2024–25 to 31.8 million sq ft across India’s top seven cities, according to Vestian. Fortune 500 firms accounted for 13.5 million sq ft. Bengaluru led with 12.43 million sq ft, followed by substantial gains in Mumbai and other metros.

GCCs in India Shift to Larger Office Spaces Despite Fewer Deals in FY25 0

India’s Global Capability Centres (GCCs) leased a record 31.8 million sq ft of office space in FY2024–25—a 24% annual rise—even though the total number of transactions dropped slightly. The surge in large deals signals a strategic focus on consolidation, scale, and long-term operational growth. Bengaluru remained the top destination, with Fortune 500 companies driving most of the absorption.

GoodWorks CoWork Enters Hyderabad with 1.5 Lakh Sq Ft Expansion, Launches GCC-Focused Platform SansoviGCC 0
- Industry News
- July 3, 2025
India’s leading managed office provider, GoodWorks CoWork, has forayed into Hyderabad via a strategic partnership with Ektha Group. Launching 1.5 lakh sq ft of office space across Hitech City and the Financial District, the company also introduced SansoviGCC—its new enablement platform supporting global firms entering India’s fast-growing Global Capability Centre (GCC) ecosystem.
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Mindspace REIT Sets Sights on Inorganic Growth with ₹500–2,000 Cr Property Acquisitions 0
- Industry News
- July 3, 2025
Mindspace Business Parks REIT is eyeing commercial property acquisitions worth ₹500–2,000 crore across Mumbai, Pune, and Ahmedabad as part of its growth strategy. With a healthy loan-to-value ratio and rising investor confidence, the REIT is also expanding its data centre footprint and targeting higher occupancy across its premium office assets.
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UrbanVault Makes Strategic Entry into Gurgaon with Two Premium Centres on Golf Course Road 0
- Industry News
- July 3, 2025
Flexible workspace provider UrbanVault has expanded into Gurgaon, launching two premium centres at Paras Twin Tower on Golf Course Road. Spanning 35,000 sq. ft., the centres add 700 seats and mark the company’s entry into the Delhi-NCR market. UrbanVault plans further expansion in Gurugram and Noida with a ₹100 crore investment in FY26.
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