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India’s Office Leasing Market Set for Record Absorption in FY2025: ICRA 0

India’s office market is set for record absorption, with net leasing projected to grow 10-11% in FY2025 to 59-60 million sq. ft., according to ICRA. Vacancy rates will remain stable, while retail leasing will grow 7-9%. Rising demand from GCCs, corporates, and resilient economic factors continue to drive expansion.

NPCI Leases Prime Office Space in Mumbai for ₹2.15 Crore Monthly 0

NPCI has leased two floors in Mumbai’s Oberoi Commerz III, Goregaon East, for ₹2.15 crore per month. Spanning 115,332 sq ft, the 60-month lease includes a 15% rental hike after three years. This expansion aligns with NPCI’s strategy to strengthen India’s digital payments infrastructure and operational capabilities.

Nuvama-Cushman & Wakefield JV Raises ₹1,700 Crore for Office Investments 0

Nuvama-Cushman & Wakefield JV raised ₹1,700 crore under its Prime Offices Fund (PRIME) to invest in Grade A+ office spaces across India’s top cities. With a ₹3,000 crore target, the fund aims to shape world-class workspaces, reflecting strong investor confidence in India’s booming commercial real estate sector.

From Routine to Remarkable: How Indian Offices Are Becoming Social Destinations 0
- Industry News
- February 2, 2025
Indian offices are evolving into vibrant social hubs, prioritising collaboration, comfort, and flexibility. With 62% of companies returning to the office, MillerKnoll leads the transformation with thoughtful designs like modular sofas and ergonomic lounges. By blending aesthetics and functionality, workplaces are becoming destinations employees want to return to and thrive in.
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Tata Investment Corporation Acquires Prime Office Space in Mumbai for INR 150 Crore 0
- Industry News
- January 31, 2025
Tata Investment Corporation has acquired 43,000 sq ft of office space across two floors in Mumbai’s Wadala for INR 150 crore. The purchase in Lodha Excelus at New Cuffe Parade includes 63 parking slots. This move signals Tata’s strategic expansion amid rising demand for outright office ownership in India.
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Embassy REIT Leases 2.07 Lakh Sq. Ft. to Cybersecurity Firm Rubrik in Bengaluru 0
- Industry News
- January 30, 2025
Embassy REIT has leased 2.07 lakh sq. ft. to cybersecurity firm Rubrik at Embassy TechVillage, Bengaluru. Facilitated by Colliers, the deal strengthens Rubrik’s India presence. Embassy REIT, India’s first listed REIT, manages a 511 lakh sq. ft. portfolio across key cities, reflecting the rising demand for premium commercial office spaces.
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