Industry News

Global Capability Centers (GCCs) Fuel India’s Booming Office Space Market 0
- Industry News
- August 29, 2024
Global Capability Centers (GCCs) are driving a surge in India’s office space demand, with 53 million square feet leased since 2022. As 67% of GCCs plan to expand further, developers are focused on creating premium office spaces, particularly in regions like Delhi-NCR and Gurugram, to meet this growing demand.
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Table Space to Invest $100 Million in Expanding India’s Flexible Office Market 0
- Industry News
- August 29, 2024
Table Space is investing $100 million to expand its flexible office space portfolio by over 2 million square feet in key Indian cities like Bangalore, Mumbai, and Delhi NCR. This strategic move aims to meet the rising demand for modern, customisable workspaces and solidify Table Space’s leadership in the industry.
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Hyderabad Emerges as a Leading Hub in India’s Office Space Market 0
- Industry News
- August 28, 2024
Hyderabad accounts for 14% of India’s office space, driven by solid demand from Global Capability Centers and tech firms. With office stock surging to 127 million square feet, the city is poised for further growth, supported by government initiatives and increasing interest from emerging sectors.
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Smartworks Reports ₹50 Crore Loss Ahead of IPO Launch 0
- Industry News
- August 23, 2024
Smartworks Coworking Spaces reported a ₹50 crore loss for FY 2023-24 despite a 50% reduction from the previous year. As it prepares for an IPO, the company plans to use the funds for expansion and debt repayment, aiming to achieve profitability amid India’s recovering coworking market.
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Blackstone Acquires Iconic One BKC Building in Mumbai for ₹2,500 Crore 0
- Industry News
- August 22, 2024
Blackstone Group has acquired Mumbai’s iconic One BKC building in Bandra Kurla Complex for ₹2,500 crore, marking India’s largest commercial real estate deal this year. This acquisition is part of Blackstone’s aggressive expansion in India’s office space market, reflecting the growing demand for premium commercial properties.
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Table Space Strengthens Leadership with Key Appointments to Drive Global Expansion 0
- Industry News
- August 20, 2024
Table Space has bolstered its leadership by appointing John Hogan as Chief Sales Officer, Americas, and Robert Newman as Non-Executive Chairman. These strategic hires are part of Table Space’s global expansion efforts and commitment to GCCs. The company continues to lead India’s managed workspace market, operating over 9.5 million square feet across 60+ centres.
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