India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Actor Manish Paul rents a 1,200 sq. ft. office in Mumbai’s Andheri West for ₹2 lakh per month, joining Bollywood stars investing in commercial real estate. Celebrities like Madhuri Dixit, Ajay Devgn, and Amitabh Bachchan leverage Mumbai’s high yields, with Grade-A spaces offering 6-8% annual returns in prime locations.
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Goa boosts digital nomad appeal with free Wi-Fi and coworking spaces, while Treebo launches Medalio for mid-market travellers. Indian arrivals to Thailand surpass pre-pandemic levels, driven by extended visa waivers. Paytm reports concert travel growth, and Oberoi’s RISE program aims to upskill 2,000 hospitality trainees annually by 2025.
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India’s real estate PE investments surged 32% to $4.2 billion in 2024, led by warehousing ($1.9 billion), residential ($1.2 billion), and office sectors. Mumbai dominated with $2 billion investments, while Bengaluru and Hyderabad attracted strong interest. Growth in e-commerce and robust residential demand highlight India’s rising appeal to global investors.
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India’s office leasing hit 66.4 million sq ft in 2024, driven by Bengaluru’s 21.7 million sq ft absorption. Flex spaces surged with 12.5 million sq ft leased, accounting for 20% of demand. While Chennai and Delhi-NCR saw declines, tech, BFSI, and manufacturing sectors fueled overall growth.
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The UK Consulate purchased 12 office units in Mumbai’s One Lodha Place for ₹101.2 crore. The space, which spans 14,883 sq ft, will relocate the British Deputy High Commission from Bandra East to Lower Parel. Strategically located in a prime business hub, the deal underscores Mumbai’s appeal for global investments.
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India’s office space market saw remarkable growth in 2024, with gross leasing across six major cities rising 14% year-on-year to an all-time high of 66.4 million square feet, according to Colliers India. The surge in demand highlights the resilience and dynamism of the commercial real estate sector, driven largely by technology firms, engineering and manufacturing companies, and financial services providers.
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