Industry News

Net Office Leasing in India Set to Grow by 10-12% in FY25: Report 0
- Industry News
- September 10, 2024
Net office leasing in India is projected to grow 10-12% to 41-43 million sq ft in FY25, driven by strong demand from GCCs, BFSI, and manufacturing sectors. Vacancy rates are stabilising, and GCCs are expected to account for 40-45% of total net leasing, signalling continued growth in commercial real estate.
READ MORE
Ciena Leases 135,000 Sq Ft in Gurugram’s TRIL Tower to Strengthen India Operations 0
- Industry News
- September 10, 2024
Ciena has leased 135,000 square feet of office space in Gurugram’s TRIL Tower to expand its India operations. This move reflects the growing demand for office spaces in the NCR, particularly as SEZs open up. Ciena’s expansion underscores India’s rising importance in the global tech landscape and hybrid work trends.
READ MORE
Cognizant Puts Chennai Headquarters Up for Sale, Valued at ₹750-800 Crore 0
- Industry News
- September 9, 2024
Cognizant is selling its Chennai headquarters, valued at ₹750-800 crore, as part of its plan to consolidate operations at its MEPZ campus. The 15-acre property has been Cognizant’s base for two decades. The sale, managed by JLL, follows the company’s broader operational shift and ongoing legal challenges.
READ MORE

India Rises as Top Destination for Global Capability Centers with 53 Million Sq Ft Leased Since 2022 0
- Industry News
- September 9, 2024
India has become a top destination for Global Capability Centers (GCCs), leasing 53 million square feet of office space since 2022. With 67% of GCCs planning further expansion, India’s skilled workforce, cost-effectiveness, and supportive government policies continue to attract global firms, boosting the commercial real estate sector.
READ MORE
IBM Signs ₹143 Crore Lease for Embassy REIT Property, Expands Footprint in India 0
- Industry News
- September 9, 2024
IBM has signed a ₹143 crore lease for 830,000 square feet of office space with Embassy REIT, strengthening its presence in India. The deal highlights the growing demand for premium office spaces in India’s commercial real estate market and reinforces Embassy REIT’s ability to attract major global tenants like IBM.
READ MORE
Bengaluru Leads India’s Flexible Workspace Growth: Cushman & Wakefield Report 0
- Industry News
- September 9, 2024
Bengaluru leads India’s flexible workspace market, accounting for 31% of the total Grade A flex supply, with 58 million sq ft across top cities. Driven by hybrid work models and high demand from the IT sector, flexible spaces now make up 11-13% of nationwide office space demand, according to Cushman & Wakefield.
READ MORE