Industry News

Office Space Market Sees Growth in Leasing and Stable Rentals in Q3 FY25 0
- Industry News
- November 28, 2024
India’s office space market recorded 18.61 million sq ft absorption in Q3 FY25, driven by BFSI and flex spaces contributing 39%. Southern cities led with 61% share, Bengaluru dominating at 36%. Vacancy dropped to 14.8%, while Hyderabad led new completions. Despite a 4% dip in construction, rentals remained stable.
READ MORE
Office Space Market Shows Resilience Amid Shifting Trends 0
- Industry News
- November 28, 2024
India’s office space market demonstrated resilience in Q3 FY24, with gross leasing activity rising 17% to 18.61 million square feet despite a 4% drop in new supply. According to a real estate consultant Vestian report, this trend highlights robust demand for prime workspaces in a dynamic and evolving market.
READ MORE
Awfis Space Solutions: IIFL’s Top Bet in Flexible Workspaces 0
- Industry News
- November 28, 2024
Awfis Space Solutions, India’s leading flexible workspace provider, is set to double its capacity by FY27, driven by strong demand and its innovative managed aggregation model. With a ‘buy’ rating from IIFL Securities, Awfis projects a 33% CAGR in seat additions and 55% EBITDA growth, solidifying its leadership in the booming flex workspace industry.
READ MORE

BFSI and Flex Spaces Propel India’s Office Space Demand in Q3 FY24 0
- Industry News
- November 28, 2024
BFSI and flex spaces drove 39% of India’s office space absorption in Q3 FY24, while IT-ITeS demand declined. Southern cities dominated, with Bengaluru leading at 36%. Pan-India vacancy dropped to 14.8%, and new completions rose 3%. Hyderabad topped new supply, reflecting robust growth amid evolving workspace trends and economic resilience.
READ MORE
Awfis to Design and Manage 1.65 Lakh Sq Ft Office for NSE in Mumbai 0
- Industry News
- November 26, 2024
Awfis Space Solutions will design, build, and manage 1.65 lakh sq ft of office space for NSE in Mumbai’s Adani Inspire building, expanding its footprint in BKC. The deal reflects Awfis’ leadership in the flex space sector, which is driven by rising demand and strong financial growth, including a 40.5% revenue surge.
READ MORE
Hyderabad to Welcome South India’s Tallest Commercial Tower 0
- Industry News
- November 25, 2024
Brigade Group is set to transform Hyderabad’s skyline with South India’s tallest tower in Kokapet. Rising over 200 meters, the landmark will feature World Trade Center-branded office spaces, a seven-story Orion Mall, and a luxury Intercontinental hotel, redefining urban sophistication and boosting Hyderabad’s status as a global business destination.
READ MORE