Industry News

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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Coworking Operators Lease Record 125 Lakh Sq Ft in 2024 Amid Skyrocketing Demand 0
- Industry News
- January 8, 2025
India’s coworking sector hit a record high in 2024, leasing 125 lakh sq ft of office space—44% more than in 2023. Driven by demand for flexibility and cost-efficiency, major cities like Bengaluru and Mumbai lead growth. Experts predict further expansion, with flex spaces becoming strategic assets for businesses adopting hybrid work models.
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Smartworks Expands in Gurugram with Major Lease Deal 0
- Industry News
- January 8, 2025
Smartworks has leased 4.8 lakh sq ft in DLF City Phase 5, Gurugram, for ₹94.68 crore annually, marking a significant expansion. The six-year deal includes six floors, parking for 794 cars, and rental escalation. This move reinforces Smartworks’ leadership in coworking, aligning with the rising demand for flexible, enterprise-grade office solutions.
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Co-Working Spaces in Small Towns: Empowering Women and Boosting Growth 0
- Industry News
- January 6, 2025
Andhra Pradesh plans 150,000 co-working seats by 2025 to empower women and boost rural economies. Chief Minister N. Chandrababu Naidu emphasises flexible work options to utilise women’s skills, enhance family incomes, and drive state growth. Innovation hubs will also provide skill training, linking industries and educational institutions for job readiness.
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