Industry News

Chennai Outpaces Bengaluru and Hyderabad in MNC Office Leasing 0
- Industry News
- April 30, 2024
Chennai surpassed Bengaluru and Hyderabad in MNC office leasing in 2023, securing 7 million square feet. Driven by competitive rents and robust infrastructure, Chennai’s market thrived, especially in the global capability centre sector, positioning it as a leading destination for multinational corporations.
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WeWork to Exit Indian Market Amid Industry Growth 0
- Industry News
- April 24, 2024
WeWork Inc. is exiting the Indian market, selling its 27% stake as part of a 40% divestment involving Embassy Group. Amidst its U.S. bankruptcy, WeWork India’sIndia’s growth surged, showing a 68% revenue increase in FY23. The deal awaits the approval of the Competition Commission of India.
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Offshoring Boom Fuels India’s Office Space Market 0
- Industry News
- April 23, 2024
India’s offshoring industry is fueling a surge in office space leases, now accounting for over 46% of the market. Companies increasingly seek Grade A spaces in metro cities like Bengaluru, Mumbai, Hyderabad, and Pune, driving demand for high-quality, sustainable office spaces.
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Brigade Group Strengthens Chennai’s Commercial Real Estate Scene 0
- Industry News
- April 23, 2024
Brigade Group is set to invest Rs 4 billion in developing premium office spaces in Chennai, aiming to enhance the city’s commercial infrastructure and attract more corporate tenants.
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Surge in Flex Office Space Dominates Delhi-NCR’s Leasing Landscape in Q1 2024 0
- Industry News
- April 18, 2024
In Q1 2024, Delhi-NCR’s office leasing soared to 4.03 million sq ft, with flex spaces accounting for over a third. NH-8 Gurugram and Noida City led, highlighting a shift towards flexible work environments in prime commercial hubs.
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India’s Real Estate on the Rise | Set to Triple by 2034 0
- Industry News
- April 18, 2024
India’s real estate market is forecasted to triple to $1.5 trillion by 2034, driven by rising demand across residential, commercial, and warehousing sectors. The sector’s GDP contribution is also expected to increase, with significant urban housing and office space growth.
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