Industry News

GCCs Drive BFSI Sector’s Record Real Estate Leasing Boom in India 0
- Industry News
- March 26, 2025
Global Capability Centers (GCCs) have driven a record surge in commercial real estate leasing by India’s BFSI sector, reaching 31 million sq. ft. from 2022-2024. Global firms accounted for 59% of the leasing, with strong domestic demand in Mumbai. India’s talent and digital growth fuel this expansion.
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Office Fit-Out Costs Surge in India, Mumbai Tops the List 0
- Industry News
- March 26, 2025
India’s office fit-out costs are rising, with Mumbai leading at $73 per sq. ft., followed by Delhi and Bengaluru. Despite a 3% increase, India remains cost-effective in APAC. Companies are investing in premium, tech-enabled, and sustainable workspaces. Flexible office models and sustainability initiatives are also shaping workplace trends.
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DLF Commits Rs 20,000 Crore Investment to Expand Commercial Real Estate Portfolio 0
- Industry News
- March 26, 2025
DLF is set to invest Rs 20,000 crore to expand its commercial real estate portfolio, focusing on office and retail spaces. With plans to grow rental assets from 44 to 73 million square feet, the company aims for long-term market dominance, including significant developments in Gurugram under its DCCDL venture.
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Ofis Square Expands in Gurugram, Strengthening Flexible Workspace Offerings 0
- Industry News
- March 26, 2025
Ofis Square has expanded its premium coworking space within Vatika Business Park, adding 1 lakh sq. ft. to meet rising demand in Gurugram. Founder Saroj Mittal emphasizes its commitment to flexible, high-tech workspaces. Bollywood actress Shraddha Kapoor remains the brand ambassador, reinforcing its image as a modern, dynamic workspace provider.
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India’s Office Leasing Hits Record High in 2024, Driven by Flex Workspaces and IT Sector 0
- Industry News
- March 26, 2025
India’s office leasing market hit 81.7 million square feet in 2024, a 19% rise from 2023, driven by IT expansion and flexible workspaces. Bengaluru, Hyderabad, and Mumbai led the surge, while co-working demand grew by 30%. Vacancy rates dropped, and rental prices increased amid vigorous corporate leasing activity.
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BFSI Sector Drives Unprecedented Office Space Demand with 135 Lakh Sq Ft Leasing in 2024 0
- Industry News
- March 26, 2025
The BFSI sector leased a record 135 lakh sq ft of office space in 2024, surpassing previous years. A JLL India report highlights its steady 17-18% share in total leasing. Foreign firms dominated with 68.3% of demand. This growth cements BFSI’s key role in India’s commercial real estate market.
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