Industry News

Delhi-NCR Powers India’s Office Space Surge in 2024 0
- Industry News
- January 9, 2025
Delhi-NCR’s office market surged in 2024, with 9.4 million sq ft net absorption and record-breaking 17.7 million sq ft gross leasing. Driven by Global Capability Centres, flexible workspaces, and technology, it contributed 15.4% to India’s 49.56 million sq ft absorption. Vacancy rates hit a three-year low, showcasing robust demand nationwide.
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Meta Renews 367,000 Sq Ft Lease in Hyderabad’s Hitech City 0
- Industry News
- January 9, 2025
Meta renews its 367,000 sq ft office lease in Hyderabad’s Hitech City for five years, reinforcing its commitment to India. With ₹170 crore in total outlay, this move highlights Hyderabad’s growing appeal for global corporations amid rising demand for premium office spaces in India’s thriving commercial real estate market.
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Gurugram’s Office Realty Resurges with Mega Leasing Deals 0
- Industry News
- January 9, 2025
Gurugram’s office realty is surging with major leases, including Google’s 550,000 sq ft deal and IBM’s 260,000 sq ft space. Co-working operators like Smartworks are expanding rapidly. Factors like the return to office work, unicorn startups, and flexible workspaces are driving demand, reaffirming Gurugram’s status as a corporate hub.
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Kolkata’s Office Space Market Booms Amid IT and BFSI Expansion 0
- Industry News
- January 8, 2025
Kolkata’s office market hit record net leasing of 1.5M sq ft in 2024, driven by IT-BPO, BFSI, and consulting demand. Significant deals and robust 2025 supply pipelines position the city as a growing commercial hub, contributing to India’s 89M sq ft office leasing milestone across major cities.
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Office Space Demand in India Surges: Bengaluru and NCR Lead the Way 0
- Industry News
- January 8, 2025
India’s office space sector hit 71.9 million sq ft in 2024, a 20% YoY growth driven by Bengaluru and NCR. Flex spaces surged with 52% growth, while Hyderabad and Pune faced rising vacancies. Demand outpaced supply, boosting rents. Key markets and hybrid work models fuel India’s commercial real estate boom.
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Google Expands in Gurugram with Massive 5.5 Lakh Sq Ft Office Lease 0
- Industry News
- January 8, 2025
Google has leased 5.5 lakh sq ft of office space in Gurugram with Table Space, marking one of India’s largest managed workspace deals. The agreement includes an expansion option of 2 lakh sq ft. This move reflects the booming demand for Grade A office spaces as tech firms expand in India.
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